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The Life360 Inc (ASX: 360) share price defied weakness in the tech sector to rise to a record high this morning.

The family-focused app maker’s shares rose 4% to $8.15.

When the Life360 share price reached that level, it meant it was up almost 110% since the start of the year.

Why is the Life360 share price rising?

Investors have been buying the company’s shares this morning following the release of a bullish broker note out of Bell Potter.

According to the note, the broker has retained its buy rating and lifted its price target on the company’s shares by 19% to $9.25.

Based on the latest Life360 share price, this implies potential upside of 13.5% over the next 12 months.

What did Bell Potter say?

Bell Potter notes that San Francisco-based Nextdoor is due to merge with a special purpose acquisition company (SPAC) called Khosla Ventures Acquisition Company II.

This deal values Nextdoor at US$4.3 billion, which represents an enterprise value to revenue multiple of 20 times based on forecast 2021 revenues of US$178 million.

It feels this is relevant to Life360 because Nextdoor is a good company to compare it against. This is due to Nextdoor being a social media platform with a very similar number of active users (~28 million).

However, it also highlights that while Nextdoor generates more revenue (forecast: US$178 million vs US$105 million), it is expected to make a greater loss (EBITDA forecast: -US$50 million vs -US$15 million).

As result, it feels that although Life360 is a year or two behind Nextdoor in scale, it is a better quality business. Particularly given that Life360’s subscription revenue is stickier and more recurring than Nextdoor’s advertising revenue.

Valuation

In light of the above, the broker has lifted the multiples that it feels the Life360 share price deserves to trade on.

Bell Potter commented: “While there is no change in our forecasts we have updated each valuation we use in the determination of our price target for market movements and time creep. On the back of the Nextdoor deal we have also switched from a 10% discount to 10% premium in our EV/Revenue valuation and lowered the WACC in our DCF from 9.5% to 9.0%. The net result is a 19% increase in our PT to $9.25 which is >15% premium to the share price so we maintain our BUY recommendation. We note, however, this PT still only equates to a forward EV/Revenue multiple of c.10x.”

The post Why the Life360 (ASX:360) share price hit a record and could go higher appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Life360, Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Telecommunications giant Telstra Corporation Ltd (ASX: TLS) has disappointed long-term investors in recent years, but shown a glimmer of hope in 2021. Telstra shares have plunged more than 34% in the past 5 years, even after a 25.6% gain this year.

The Wilson Asset Management team certainly thinks the revival this year is justified and is the start of a massive turnaround.

In a memo to clients, portfolio managers Matthew Haupt, Catriona Burns and Oscar Oberg revealed the WAM Leaders Ltd (ASX: WLE) fund is currently holding Telstra stocks.

“We believe the telecommunications sector is at the start of a growth phase, following years of headwinds, including narrow NBN pricing margins,” their memo read.

“The mobile market is now in repair, with Telstra the first of its competitors to lift its prices last year, with competitors Optus and Vodafone [TPG Telecom Ltd (ASX: TPG)] following this year.”

The rising prices are a positive indicator the telecommunications market is “behaving rationally”, according to the Wilson trio, and would improve margins for everyone.

“We expect this to materialise in average revenue per user (ARPU) growth in the coming years.”

Watch out for a spike in Telstra shares this results season

The Wilson portfolio managers also loved the $2.8 billion reaped from Telstra’s sale of its mobile towers. This was a price “significantly higher” than the market expected.

“(This) provides further upside for Telstra’s remaining infrastructure assets should they be sold,” the memo read.

“The company will also benefit from international borders reopening, with its overseas roaming services operating at very accretive margins.”

The results season next month could see Telstra shares move, according to the fund managers.

“We see a number of catalysts that we expect to re-rate the share price further, including the company’s results in the August reporting season followed by a refresh of the nearly concluded T22 transformation strategy, which included aggressive cost-saving measures.”

Plus, don’t forget the icing on top.

“Telstra also has a meaningful dividend yield, which we believe will form a large proportion of returns this year relative to previous years.”

The WAM Leaders share price is up almost 15% for this year, and now trades a premium to net tangible assets at $1.58. The listed investment company’s portfolio was up 37% in the 2021 financial year.

The post Why Telstra (ASX:TLS) shares could be a buy before reporting season appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Tesla (NASDAQ: TSLA) CEO Elon Musk is famous — or notorious, depending on your point of view — for his pronouncements. The electric vehicle (EV) maker’s stock price can gyrate up or down depending on what Musk expresses on a particular day.

Sure enough, the boss’ comment about an upcoming product made for lively trading Thursday with the shares, the price of which ended the day marginally lower.

So what

The subject was the futuristic Cybertruck, Tesla’s version of a pickup. In an exchange on Twitter, Musk wrote the following:

“To be frank, there is always some chance that Cybertruck will flop, because it is so unlike anything else. I don’t care. I love it so much even if others don’t.”

Musk was only repeating the “F” word. His tweet was a reaction to a story published Thursday on niche website The Truth About Cars with the incendiary headline “Opinion: Tesla’s Cybertruck Will Be Company’s First Flop.”

In the story, writer Tim Healey took aim at the EV’s looks, and opined that rival pickups — including the high-profile Ford (NYSE: F) F-150 Lightning — will likely be “more usable as trucks.”

Now what

CEOs aren’t supposed to admit that their products could be duds. But Musk has a high profile and a following largely because he isn’t a CEO in the traditional mold. While some people undoubtedly turned bearish on his pronouncement about the Cybertruck, plenty of investors clearly still believe in the company’s mission — and in the actions of its colorful leader.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Tesla slipped Thursday appeared first on The Motley Fool Australia.

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Eric Volkman has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Tesla and Twitter. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Buddy Technologies Ltd (ASX: BUD) share price has returned from an almost three-month suspension on Friday and crashed lower.

In morning trade, the smart device company’s shares are down a massive 46% to 2.3 cents.

Why is the Buddy Technologies share price crashing lower?

Investors have been selling down the Buddy Technologies share price on Friday after it announced an equity raising, debt restructure, and trading update. And as you might have guessed from the share price reaction, it wasn’t pretty.

According to the release, the company has successfully completed a bookbuild and received firm commitments for a placement to institutional, professional and sophisticated investors to raise $6.5 million before costs. These funds are to be raised at 2.5 cents per new share, representing a huge 41.9% discount to its last close price.

The company will also undertake a pro rata non-renounceable entitlement offer to existing shareholders to raise an additional $10 million before costs. Buddy Technologies is aiming to raise these funds at the same price. Though, with the Buddy Technologies share price trading below the offer price at 2.3 cents, it may not have too many takers. Particularly given its abject performance this year and uncertain outlook.

Debt restructure

The company has also entered into formal binding arrangements with Eastfield to settle all amounts owing in respect to a line of credit facility and historical accounts payables which totalled ~US$5.6 million. This will be through the payment of US$2.75 million to Eastfield and debt forgiveness of US$3 million.

In addition, Buddy Technologies has restructured its existing US$10 million term debt facility with PFG. This includes through the issue of almost 24 million shares at an issue price of 2.5 cents per share, further diluting shareholders. Buddy has also agreed to make a pre-payment of US$2.5 million of amounts owing to PFG under the PFG Loan Facility, which will reduce the company’s monthly principal payments.

Operational update

Buddy Technologies continues to struggle due to the semiconductor shortage. However, one positive is that Nanchang Innotech Homesmart has commenced production of LIFX Switches, with the first smart lights to be manufactured in September 2021 in time to contribute to 2021 holiday season supply.

It also notes that it has been receiving approximately weekly shipments of inventory to warehouses in respect to manufacturing orders placed at end of 2020/early 2021. Given the parts shortages, it expects the last of this inventory to be delivered by the end of August 2021.

The post Why the Buddy Technologies (ASX:BUD) share price is crashing 46% lower today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Wesfarmers Ltd (ASX: WES) share price is gaining in morning trade. This comes despite potential loyalty program competition concerns in relation to its proposed merger with the owner of Priceline Pharmacy.

At the time of writing, the Wesfarmers’ share price is sitting at $58.99. — up 0.65% on yesterday’s close.

Loyalty is rare, and that might be a problem

Loyalty programs are incredibly valuable businesses. These programs make customers feel recognised and reward them for being loyal to a specific company. At the same time, they provide rich data for targeted advertising, increasing the likelihood of customer conversion and higher sales.

With that in mind, it would be understandable for the Australian Competition & Consumer Commission (ACCC) to be wary of Wesfarmers’ proposed amalgamation with Australian Pharmaceutical Industries Ltd (ASX: API). As a result, the Wesfarmers’ share price is front of mind for investors today.

According to The Australian Financial Review, Wesfarmers’ dealmakers, lawyers, and bankers have poured a lot of time into a convincing argument for why the merger should be allowed to proceed.

The possible roadblock takes form in Wesfarmers’ 50% interest in flybuys. The sizeable loyalty program boasts 6.8 million active households. Meanwhile, API’s Sister Club has more than 7 million members – making it one of the largest health and beauty retail loyalty programs in Australia.

As a result, the ACCC will likely consider whether the merger of the two would give Wesfarmers an unfair advantage.

Reportedly, Wesfarmers is expected to argue it would keep the two programs separate. That would mean Flybuys sticks to Coles, Kmart, Target et al, while Sister Club would remain in place for Priceline.

Wesfarmers share price recap

It has been a cracking year for the Wesfarmers’ share price. So far in 2021, shares in the diversified company have gained 13.8%. Pleasingly for shareholders, this is a 4% outperformance of the S&P/ASX 200 Index (ASX: XJO) before dividends.

More recently, the company’s shares have wobbled following the API bid. Shareholders hold a concern that the bid is too low, potentially inviting rival bids to enter the fray.

The post Wesfarmers (ASX:WES) share price rising amid competition concerns appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Xero Limited (ASX: XRO) share price is pushing higher on Friday morning.

At the time of writing, the cloud business and accounting platform provider’s shares are up 2% to $137.25.

Why is the Xero share price pushing higher?

The catalyst for the rise in the Xero share price on Friday appears to have been the release of a bullish broker note out of Goldman Sachs which has offset weakness in the tech sector.

In respect to the broker note, this morning Goldman Sachs retained its buy rating and lifted its price target on the company’s shares by 9.3% to $165.00.

Based on the current Xero share price, this implies potential upside of 20% over the next 12 months.

What did Goldman Sachs say?

Goldman notes that Xero is planning to increase its prices in the ANZ and UK markets from September of this year.

It commented: “We see this as a strong positive for Xero in addressing previous concerns on value monetisation, and see limited risk for increased churn, noting (1) it’s consistent with broader industry pricing, and (2) XRO has successfully passed through similarly targeted price rises in Sep-18/Mar-21, with limited churn impacts.”

In light of this plan, Goldman now expects Xero’s revenue to grow 33% in FY 2022, compared to 28% previously. The knock-on effect of this is an increase to the broker’s operating earnings estimates for Xero for the next three years.

What else?

Also giving the Xero share price a boost is Goldman’s comments on its performance in the UK. The broker notes that the company’s UK operations are going from strength to strength and could soon be its number one market.

Goldman commented: “We also consider recent data points which highlight: (1) the UK is closing in as XRO’s #1 market for app downloads (June 1% below Aus); (2) Planday has seen a meaningful uptick in traction in the UK/Western Europe post acquisition, with +66% sequential growth in 1Q22; and (3) Xero appears to be increasing its hiring (LinkedIn jobs +40% vs. April).”

“We revise our FY22-FY24 EBITDA by +3 to 9% driven by ARPU upgrades in ANZ and the UK; offset by increased R&D/SG&A spend. Our 12m TP increases by +9% to A$165/share,” it concluded.

Today’s gain means the Xero share price is now up an impressive 53% since this time last year.

The post Xero (ASX:XRO) share price higher on bullish broker note appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Xero. The Motley Fool Australia owns shares of and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The BetMakers Technology Group Ltd (ASX: BET) share price is on course to end the week on a positive note.

In morning trade, the betting technology company’s shares are up 6% to $1.12.

Why is the BetMakers share price rising?

Investors have been bidding the BetMakers share price higher on Friday following the release of an update on its partnership with the Waterhouse Group.

In partnership with the Waterhouse Group, last year BetMakers provided data and technology for two significant wagering products – tomwaterhouse.com betting application and MTS Global. Management notes that the two products not only contributed to BetMakers’ revenue growth over the last year but also helped establish it as one of the leading B2B technology providers for the racing industry.

According to the release, BetMakers has recorded revenues of $6.2 million under the conditional commercial agreements with the Waterhouse Group. This is from the commencement of the agreement on 22 May 2020 through to 30 June 2021.

Options issued

As a result of this revenue generation, the Waterhouse Group has been issued 34,564,921 options with an exercise price of 18 cents per share.

Unsurprisingly, with the BetMakers share price trading materially higher than this exercise price, the Waterhouse Group has elected to exercise them immediately at a total consideration of $6.2 million. These shares are now worth a cool $38 million.

BetMakers’ CEO, Todd Buckingham, commented: “As a result of the Company’s exceptional performance over the period, we’re extremely pleased to be able to issue Waterhouse VC with the first tranche of Shares. The deal with the Waterhouse Group not only contributed to BetMakers’ growth revenues over the past year but also has helped BetMakers develop these unique products and establish itself as one of the leading B2B technology providers for the racing industry.”

Tom Waterhouse, CEO of Waterhouse VC, commented: “BetMakers is an attractive investment proposition in global racing, with unique access to valuable race data and bespoke pricing through their Managed Trading Service platform. Waterhouse VC is delighted to convert its first tranche of Performance Rights to provide further funding to this exciting business. We look forward to our ongoing relationship with BetMakers over the years to come.”

Following today’s gain, the BetMakers share price is up 57% since the start of the year.

The post Why the BetMakers (ASX:BET) share price is racing 6% higher on Friday appeared first on The Motley Fool Australia.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Facebook (NASDAQ: FB) has certainly had its glory days as a company and as a stock, but we can’t count Thursday among them. The social media giant traded down for much of the day, eventually settling at a marginal decline of just under 1%. A big new company initiative is being greeted with a lot of investor shrugs.

So what

On Wednesday, CEO Mark Zuckerberg announced in — of course — a post on his Facebook page that the company is establishing a $1 billion fund for content creators. These grants will be provided to people who make content both for Facebook’s flagship site and for its photo/video-sharing companion Instagram.

“We want to build the best platforms for millions of creators,” Zuckerberg wrote. “Investing in creators isn’t new for us, but I’m excited to expand this work over time. More details soon.”

True to “Zuck’s” word, the tech giant followed up with some of the nitty-gritty in an official company blog post. It said that it would channel that $1 billion into seed funding for creators to make their work, bonuses (likely depending on viewership), and milestone payments for reaching certain goals.

Now what

Facebook’s obvious aim is to steal the thunder away from specialty content sites like TikTok and Clubhouse, which have been hotly and durably popular in the short video and audio chat realms, respectively. Investors might feel that this is a throw-money-at-the-problem lunge at becoming more competitive in such spaces; their very tepid reaction indicates doubt that it’ll be overly successful.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Facebook slumped on Thursday appeared first on The Motley Fool Australia.

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Eric Volkman owns shares of Facebook. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Facebook. The Motley Fool Australia has recommended Facebook. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Rio Tinto Limited (ASX: RIO) share price is dropping on Friday following the release of its second quarter update.

At the time of writing, the mining giant’s shares are down 1% to $130.25.

How did Rio Tinto perform in the second quarter?

As you might have guessed from the Rio Tinto share price performance today, the mining giant had a softer than expected quarter.

According to the release, Pilbara iron ore production came in at 75.9 million tonnes for the three months. This was 9% lower than the prior corresponding period due to above average rainfall in the West Pilbara, shutdowns to enable replacement mines to be tied in, processing plant availability, and cultural heritage management.

Also on the decline were Rio Tinto’s iron ore shipments. They came in at 76.3 million tonnes, which was 12% lower than the second quarter of FY 2020. Ongoing COVID-19 restrictions and a tight labour market have further impacted the company’s ability to access experienced contractors and particular skill sets.

It was a similar story for mined copper production. It fell 13% over the prior corresponding period to 115.5 thousand tonnes. Management advised that this was driven by lower recoveries and throughput at Escondida. This was the result of the prolonged impact of COVID-19 and a planned relocation of the in-pit crusher at Kennecott in April.

Finally, Bauxite production fell 6% to 13.7 million tonnes, aluminium production rose 4% to 0.8 million tonnes, and titanium dioxide slag production increased 14% to 298,000 tonnes.

Iron ore shipments guidance

Also weighing on the Rio Tinto share price is management’s guidance for FY 2021.

It advised that it expects its iron ore shipments to be at the low end of its guidance range. Though, this remains subject to COVID-19 disruptions, the tie-in and ramp up of brownfield replacement mines, and management of cultural heritage.

In addition, Rio Tinto’s Pilbara iron ore FY 2021 unit cost guidance is now US$18 to US$18.50 per tonne. This is up from US$16.70 to US$17.70 per tonne previously. Though, positively, it is still materially lower than the price is commanding. Management advised that Rio Tinto achieved average first half pricing of $154.9 per wet metric tonne on an FOB basis. This is the equivalent to $168.4 per dry metric tonne, at 8% moisture assumption.

Mined copper and bauxite production is also expected to be at the low end of the guidance range. Whereas its full year titanium dioxide slag production guidance has been removed. This is due to risks around the timing of resumption of operations at RBM in South Africa following an escalation in the security situation.

Management commentary

Rio Tinto’s Chief Executive, Jakob Stausholm, appears disappointed with the quarter. He said: “The global economy, in particular China, recovered strongly and we are intensely focused on servicing our customers with as much product as we can. However, we faced some challenges in the first half notably at our Pilbara operations, which were impacted by replacement mine tie-ins and materially higher rainfall.”

“Heightened COVID-19 constraints, which resulted in numerous travel restrictions, added further pressure on the business and limited our ability to access additional people, particularly in Western Australia and Mongolia, in order to deliver operational improvements or maintenance initiatives and accelerate projects,” he added.

Mr Stausholm acknowledged that the company needs to improve operationally so it can deliver superior returns for shareholders.

He explained: “Safety is our first priority and our performance in this area remains robust in challenging conditions. However, as identified shortly after my appointment, operationally we are not where we want to be. Our first half performance has reaffirmed my belief that we have identified the right priorities to strengthen the business: to become the best operator, strive for impeccable ESG credentials, excel in development and secure a strong social licence.”

“We have made initial progress against our priorities, but a large volume of work remains to make Rio Tinto even stronger, so we can continue to deliver superior returns to shareholders, invest in sustaining and growing our portfolio, and make a broader contribution to society,” he concluded.

The Rio Tinto share price is up 13% in 2021.

The post Rio Tinto (ASX:RIO) share price lower on Q2 update appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Boral Limited (ASX: BLD) shares are inching into the green this morning after Seven Group Holdings Ltd (ASX: SVW) nabbed more than 50% of the voting rights in the construction supplies company. Since Seven Group’s holding has surpassed the much-anticipated milestone, its takeover bid will be in play for another 14 days.

In the opening minutes of trade, the Boral share price is trading 0.07% higher at $7.385, 1.5 cents lower than Seven Group’s offered price.

The Seven Group share price is also currently trending higher, up 0.13% to $23.23.

Let’s take a look at what Seven Group’s success in grabbing Boral might mean for the companies.

Seven Group takes Boral on the final stretch

The Boral share price may be in for an interesting day after the company confirmed Seven Group managed to cover a gap in its holdings before the final bell rang for its takeover bid.

The takeover bid was to close at 7pm last night unless the group successfully nabbed another 0.68% of Boral’s voting rights during Thursday’s trade.

Boral announced the takeover offer had been extended yesterday afternoon but didn’t elaborate on the situation. The takeover bid will now close on 29 July.

However, after the market closed, Boral confirmed Seven Group had gained a majority voting power over Boral and once again urged its shareholders to reject the $7.40 per share bid.

Boral maintains Seven Group’s offer undervalues Boral shares. An independent expert valued Boral shares at between $8.25 and $9.13 apiece last month.

The Boral share price has gained 14.6% since Seven Group first made a play for control of the company. Seven Group’s first offer, handed down on 10 May, was just $6.50 per share – a nil premium on Boral’s closing price the previous day.

Boral also says Seven Group’s takeover could decrease the liquidity of its shares, which may result in Boral’s removal from some S&P/ASX market indices.

It also said Seven Group plans to maintain a majority of independent directors on Boral’s board, however, “these intentions may change at any time and without notice”. It further pointed out that Seven Group will now have control over Boral’s dividend policy.

The Motley Fool Australia reported on changes Seven Group supposedly plans to make to Boral’s board yesterday.

The ASX is yet to release notice on how much Seven Group’s hold in Boral’s voting power increased yesterday. However, the group’s hold in Boral has increased roughly 4% each day this week.

Boral share price snapshot

The Boral share price is having a good 2021, it’s gained around 48% year to date.

It has also gained approximately 97% since this time last year.

Seven Group share price summary

Seven Group shares haven’t been doing so well.

They’ve fallen by around 3% since the start of 2021. However, they’re 32% higher than they were 12 months ago.

The post Boral (ASX:BLD) share price edges up as Seven Group wins control appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. 

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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