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At lunch on Friday, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. The benchmark index is up 0.25% to 7,284.6 points.

Here’s what is happening on the market today:

IDP Education rockets on acquisition news

The IDP Education Ltd (ASX: IEL) share price is rocketing higher after announcing a new acquisition. The language testing company has entered into a binding agreement to acquire 100% of the British Council’s Indian International English Language Testing System (BC IELTS India) operations. The two parties have agreed a fee of 130 million pounds on a debt free, cash free basis. This deal will mean that IDP Education is the sole distributor of IELTS in the key Indian market. Management also revealed that trading conditions are improving.

Westpac’s $87 million bill

The Westpac Banking Corp (ASX: WBC) share price is trading higher today despite being hit with a $87 million bill. This morning ASIC revealed that Westpac has agreed to pay an estimated $87 million to customers who were not provided with critical information from its financial advice business. Westpac will compensate 32,000 affected customers that were impacted by failures between 2005 and 2019.

Tech shares fall

A number of tech shares have come under pressure on Friday after a subdued night of trade on the Nasdaq index. Shares such as Afterpay Ltd (ASX: APT) and WiseTech Global Ltd (ASX: WTC) are underperforming and acting as a drag on the ASX 200. The S&P/ASX All Technology Index (ASX: XTX) is down by 0.5% at the time of writing.

Best and worst ASX 200 performers

The best performer on the ASX 200 today has been the IDP Education share price with a 17% gain following its acquisition announcement. The worst performer has been the Megaport Ltd (ASX: MP1) share price with a 4.5% decline. This appears to have been driven by weakness in the tech sector on Friday.

The post ASX 200 up 0.25%: IDP Education rockets, Westpac hit with $87m bill appeared first on The Motley Fool Australia.

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• Here are the top 3 performing ASX BNPL shares of FY21 – and they’re not Afterpay

Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, Idp Education Pty Ltd, MEGAPORT FPO, and WiseTech Global. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO and WiseTech Global. The Motley Fool Australia has recommended MEGAPORT FPO. 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 Cashrewards Ltd (ASX: CRW) share price is soaring 17.2% to 1.09 cents this morning after the company announced a strategic partnership with one of Australia’s leading banks.

This comes after shares in the cashback ecosystem surged an astonishing 29.17% to 93 cents yesterday, despite no news being out of the company.

Cashrewards is Australia’s number 1 cashback site, paying customers back a percentage of what they spend, with over 1,700 retailers on board.

Let’s take a look at what’s driving the Cashrewards share price today.

What did Cashrewards announce?

Cashrewards has entered into a strategic partnership with Australia and New Zealand Banking Group Ltd (ASX: ANZ) to create a new product, Cashrewards Max.

The announcement states that the product will include core Cashrewards features as well as enhanced cashback offers, faster cashback from certain merchants and “exclusive experiences”.

Cashrewards Max is expected to launch in August 2021 with an initial agreement term of three years. However, Cashrewards views this as an opportunity which “creates a framework for further exciting product innovation in the coming years”.

The launch will offer ANZ consumer debt and low-fee credit card customers who are new to Cashrewards, a chance to earn card-linked rewards for the first time. ANZ’s premium credit card members will be entitled to Cashrewards Max alongside core features.

According to the announcement, Cashrewards and ANZ will jointly invest in a multi-million dollar marketing campaign to promote the new product.

What did management say?

Cashrewards CEO Bernard Wilson welcomed the news, saying:

This is a key milestone in our strategy. We expect Cashrewards Max to help cement Cashrewards as Australia’s default cashback ecosystem and to accelerate our mission to grow the cashback category to match the size of similar international markets

ANZ Group Executive for Data and Automation Emma Gray also added:

In the current low interest-rate environment, our customers are looking for new ways to boost their savings. This partnership responds to that demand by rewarding customers for their current spending behaviour, meaning they can buy now, save now.

This partnership also opens the door for us to engage in more personalised conversations with our customers about how they can use their savings in a smart way, which could be saving for a home or business, or paying down debt.

The Cashrewards share price just surged 55% in two days

In an extraordinary display of strength, the Cashrewards share price rallied 55% from 72 cents closed on Wednesday to $1.115 at the time of writing.

Looking back, Cashrewards listed on the ASX on 2 December 2020, closing at $1.750. The Cashrewards share price briefly hit an all-time record low of 66 cents on 16 June, down 62% since its ASX debut.

The post Why the Cashrewards (ASX:CRW) share price jumped 17% today appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun 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 Costa Group Holdings Ltd (ASX: CGC) share price is edging lower during mid-morning trade. This comes after the horticulture company provided investors with its retail entitlement offer information booklet today.

At the time of writing, Costa shares are fetching for $3.26 apiece, down 0.61%.

Costa begins retail entitlement offer

Investors appear mixed on the company’s latest update to the ASX, sending Costa shares slightly lower.

According to its release, Costa announced its pro rata accelerated renounceable entitlement offer has proceeded as planned.

The retail component will see up to 1 share issued for every 6.33 Costa shares owned to eligible shareholders. Listed at an offer price of $3 apiece, the company is hoping to raise gross proceeds of $76 million. This follows the successfully completed Institutional Entitlement Offer which received $114 million in late June. Together, Costa is aiming to raise $190 million from both offers.

Approximately 63 million shares will be created in the retail entitlement offer, representing 15.8% of the existing shares on issue.

The closing date for the retail offer IS on 19 July 2021. The record date has already surpassed (28 June 2021) if you were hoping to be getting in on the action.

Costa is seeking to build up its balance sheet to partly fund the acquisition of the business and assets of 2PH Farms. In addition, the company will pay an upfront cash consideration of roughly $200 million for a Central Queensland based citrus grower.

Costa believes that the purchase will further strengthen its citrus offering, opening greater export supply channels to Asian export markets. Production scale and geographical spread are expected to increase, with the company’s citrus growing regions increasing from two to three.

About the Costa share price

For the past year until late May, the Costa share price was rebound from its COVID-19 lows, moving on an upwards trajectory. However, since the release of its Annual General Meeting (AGM) on 27 May, Costa shares tumbled severely.

When looking at year-to-date alone, the company’s shares are down almost 20%.

Costa presides a market capitalisation of about $1.3 billion, with approximately 401 million shares on its books.

The post Costa (ASX:CGC) share price dips on opening of retail entitlement offer appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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 COSTA GRP FPO. 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 Tinybeans Group Ltd (ASX: TNY) share price has soared this morning after the company posted record-breaking results.

At the time of writing, the family-orientated social media platform’s shares are swapping hands for $1.30, up 19.27%.

Record results pushing Tinybeans share price higher

Tinybeans, which is an ASX-listed small-cap share, reported a surge in revenue for FY21 which sent its share price upwards.

According to the release, in Tinybeans’ fourth quarter, the company recorded a record revenue of US$2.58 million, up 70% from US$1.52 million in Q4FY20.

Meanwhile, revenue for the full year was also a record at US$8.23 million. This represents an increase of 109% on the prior year. It seems that the biggest quarter and year for the company has investors scrambling to buy in early trade.

Speaking on the milestone result, CEO Eddie Geller said:

During the pandemic, we purposefully set out to strengthen our sales and marketing capabilities, enhance our appeal to brand partners and subscribers, upgrade product development and ensure our technology platform is robust and highly scalable. These strategic initiatives are delivering accelerated growth, while laying the foundations for ongoing progress in the coming fiscal year and beyond.

Monthly active users of the platform climbed to 4.33 million by the end of the quarter, an increase of 16% on the prior corresponding period (pcp).

Breaking it down and looking ahead

The company delivered record numbers across all revenue streams, all of which were organic.

Breaking it all down, subscription revenue provided the smallest amount of growth in the quarter with an increase of 19% pcp. While the fastest growth was delivered by the company’s e-commerce segment, albeit from a very small base of US$20,000.

In dollar terms, advertising revenue brought in the most substantial increase. Thanks to a rebound in US advertising, Tinybeans ad revenue jumped 82% to US$2.27 million.

Lastly, the company stated it is entering the new financial year with momentum. New products are in the pipeline which it expects should accelerate customer revenues. Back in April, Tinybeans unveiled its integration of pets into the family platform.

Following the Tinybeans share price gain, the company’s market capitalisation is now $59 million.

The post Tinybeans (ASX:TNY) share price skyrockets 19% on record result appeared first on The Motley Fool Australia.

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• Australian Rare Earths (ASX:AR3) share price up 100% in 2 days after IPO

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. owns shares of and has recommended Tinybeans Group Ltd. The Motley Fool Australia has recommended Tinybeans Group Ltd. 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 BlueBet Holdings Ltd (ASX: BBT) share price has landed on the ASX boards today after completing its Initial Public Offering (IPO).

In early trade, the mobile-first online wagering provider’s shares jumped 84% to a high of $2.10.

The BlueBet IPO

BlueBet commenced trading on the ASX this morning after successfully completing an $80 million IPO comprising 70.2 million shares at $1.14 per share. This gave the company a market capitalisation of $228.1 million upon listing.

The company raised $44.7 million in primary IPO proceeds, after payment of the costs of the offer.

The bulk of the funds raised through the IPO will be used to expand in Australia and for a push into the US, where it plans to explore deals with casinos, sporting organisations, and media groups to run their sports books in joint ventures. It notes that agreements in three states – Iowa, Virginia and Colorado – are well advanced.

Finally, some of the funds will be used for technology and platform development, to augment its existing market tested, custom-built technology suite.

The BlueBet business

BlueBet is led by Chief Executive Officer, Bill Richmond, and Executive Chairman (and former Sportingbet CEO), Michael Sullivan.

Like market darling Pointsbet Holdings Ltd (ASX:PBH), BlueBet allows users to bet on all Australian and international racing and sports through its website or app. Over the last year, it has doubled its customer numbers to ~90,000 and believes it is well positioned to substantially grow its current ~1.2% share of the market in Australia.

In 2020 the company’s wagering turnover increased 63% to $266.3 million. This is forecast to grow a further 47% to $390.3 million in 2021. And unlike many of its rivals, BlueBet is profitable.

BlueBet’s Chief Executive Officer, Bill Richmond, commented: “BlueBet has experienced strong growth since the business was established in 2015 and with the benefit of the primary IPO proceeds, BlueBet is well-positioned to capitalise on the significant opportunities available to it. BlueBet has experienced strong recent trading performance, leading to FY21 Turnover ($344.7 million) and Active Customers (32,472), both greater than the level forecast in the Prospectus.”

“Once in a lifetime opportunity”

Mr Richmond spoke to The Motley Fool about the company’s future and particularly its opportunity in the massive US market.

He said: “Breaking into the US is a once in a lifetime opportunity. It’s not often you come across an industry where the US is not first in both people and technology but it’s the case with sports betting because it’s been underground until recently.”

“We have the technology and the expertise to take advantage of this greenfield prospect. With tremendous investor support we have raised a very substantial amount of growth capital to attack the emerging US market, which according to some estimates could be orders or magnitude larger than the Aussie market. We feel we are on the cusp of something very big here,” he added.

The post BlueBet (ASX:BBT) share price rockets 84% higher following IPO 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 Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. 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 Reckon Limited (ASX: RKN) share price opened higher this morning after Novatti Group Ltd (ASX:NOV) broke its silence on its secret intent to purchase a strategic stake in Reckon. However, the Novatti share price flopped as it broke its trading halt.

Despite starting the day in the green, Reckon shares are now swapping hands for 99 cents – 1.49% less than their previous close.

Reckon’s small dip is nothing compared to that of Novatti shares. At the time of writing, the Novatti share price has fallen 9.84% to trade for 58 cents.

Its drop came after Novatti announced its placement and share purchase plan to raise capital to acquire a stake in Reckon was successful.

Quick refresher

Novatti entered a trading halt on Wednesday as it raised capital to fund its growth strategy, part of which was to acquire at least 15% of Reckon’s outstanding shares.

The trouble was, Reckon had no idea of Novatti’s plans, despite Novatti claiming it had already entered an agreement for the purchase.

Novatti’s alleged agreement involved it buying at least 17 million of Reckon’s shares for $1 each.

Up until that point, the Reckon share price’s 52-week high was 90.5 cents and it had closed the session prior at 79 cents. The news caused the Reckon share price to gain 21% on Wednesday.

Novatti to buy stake in Reckon

Novatti announced today it will be acquiring a 19.9% stake of Reckon, spending around $22.5 million to do so.

Reckon is yet to respond to Novatti’s assertion it’s acquiring a significant stake in the company.

Novatti said its acquisition of 19.9% of Reckon will benefit it as there’s a “tight synergy” between business automation software – Reckon’s area of business – and payment processing – Novatti’s focus.

Novatti raked in $45 million in its capital raise by offering 72.7 million new shares for 55 cents apiece.

The company will use the remaining $22.5 million to fund its growth strategy, other strategic acquisitions, and to progress its bank licensing application.

Reckon share price snapshot

While Reckon was confused by this week’s events, the market took advantage.

The Reckon share price has gained 24% this week – boosting its year-to-date gain to 28%.

It is also 45% higher than it was this time last year.

Reckon has a market capitalisation of around $113 million, with approximately 113 million shares outstanding.

Novatti share price snapshot

Luckily for the the Novatti share price, it has heaps of room to fall before it hits red.

Currently, the Novatti share price is 122% higher than it was at the start of 2021. It has also gained 65% since this time last year.

The company has a market capitalisation of around $156 million, with approximately 244 million shares outstanding.

The post Here’s why the Reckon (ASX:RKN) share price has gained 25% this week 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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Zip Co Ltd (ASX: Z1P) shares crossed the FY21 finish line with a solid gain of around 43% for the 12-month period.

But this was considerably lower than the February peak when the Zip share price was sitting on 1-year returns of around 165%. At the time, the company’s shares had been bolstered by an explosive second-quarter update and US listing rumours.

With FY21 done and dusted, let’s take a look at what Zip has planned for the new financial year.

What Zip has planned for FY22

Finalise European and Middle East acquisitions

Zip revealed its continued global expansion plans back on 24 May, when it acquired the remaining shares in its minority European and Middle East investments.

This announcement saw the Zip share price rally 2.98% on the day to $7.25.

One of Zip’s acquisitions, Twisto, is a leading payments platform operational in Czechia and Poland. This acquisition was described as a “gateway to one of the largest e-commerce markets globally”.

Twisto holds a European Payment Institution licence, which allows it to provide payments services to all EU member states, subject to necessary regulatory approvals.

Zip also acquired Spotii, a leading player in the United Arab Emirates and Saudi Arabia.

The combined enterprise value of the two acquisitions is ~$180 million, with a transaction consideration of $160 million.

According to Zip, the Spotii acquisition is expected to be complete in the third quarter of 2021 (Q3 CY21) and the Twisto acquisition in the fourth quarter.

Continued UK growth

Zip’s FY21 third-quarter results released on 13 April described the UK as a “significant regional opportunity and a key strategic focus for the company, that will be a strong driver of growth throughout 2021”.

The third quarter announcement managed to rally the Zip share price 16.95% to $9.73.

Zip launched in the UK in late 2020 with the Zip app released to the app store in late March this year. The company said that the utilisation of its virtual card technology will be a key pillar in its UK strategy.

Looking over at rival Afterpay Ltd (ASX: APT), the UK was the company’s fastest-growing region in the FY21 third quarter, on a percentage basis.

Afterpay UK sales surged 246% against the prior corresponding period from $0.1 billion to $0.5 billion.

This compares to its North America and ANZ regions, with sales growth of 167% and 48% respectively for the quarter.

New markets

Zip’s third-quarter announcement also revealed a soft launch into Canada and strategic investment into South East Asia via a leading Philippines buy now, pay later player, TendoPay.

The Canada launch was driven by US merchant demand, with plans to build out an initial local presence.

Zip share price snapshot

At the time of writing on Friday morning, Zip shares are trading 1.17% lower at $7.61. The Zip share price reached its 52-week high of $14.43 during intraday trading on 16 February. The company’s shares have gained around 8.5% over the past month.

Based on the current share price, Zip has a market capitalisation of around $4.3 billion.

The post Got Zip (ASX:Z1P) shares? Here’s what the company has in store for FY22 appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun 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 AFTERPAY T FPO and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. 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 Catapult Group International Ltd (ASX: CAT) share price has dipped slightly in early trade. At the time of writing, the Catapult share price is down 0.76%, trading at $1.97.  

Shares in Catapult will be receiving extra attention today, after announcing a successful acquisition earlier.

Lets take a look at what Catapult announced and why investors will be watching.

Catapult acquires SBG Sports

Earlier today, Catapult announced that the company has completed the acquisition of SBG Sports Software overnight.

Catapult noted that explicit details on the acquisition were outlined in a previous announcement.

In late June, Catapult announced that the company was considering US$40 million to US$45 million for the acquisition.

The transaction comprised of an even split between US$20 million in cash and US$20 million in deferred Catapult shares. In addition, the company noted that up to US$5 million could be issued in instalments following agreed criteria.

SBG is a global leader in video and data analysis solutions. After pioneering software development and data analysis in the motorsports industry, the company has since expanded into traditional sports. SBG offers a suite of products to help coaches break down factors driving team performance and reduce weekly workflow times.

According to Catapult, the strategic acquisition will help the company accelerate growth in an unpenetrated section of its core market.

Snapshot of the Catapult share price

Catapult are world leaders in sports analytics and solutions, providing sports teams and athletes with technology that tracks and measures performance and recovery. Catapult operates three divisions; elite video, wearables, and prosumer.

The Catapult share price has been rather flat during 2021, bouncing between highs of $2.30 and $1.60. With competitive sports resuming, the company has seen a steady pickup in revenue growth as reported in its FY21 results.

Following the intention to acquire SBG, Catapult launched a $57 million capital raising in late June. The company was able to raise $35 million via an underwritten institutional placement of new shares at a price of $1.90.

At the time of writing, shares in Catapult have dipped slightly in early trade as investors digest the news.

The post Catapult (ASX:CAT) share price dips on acquisition appeared first on The Motley Fool Australia.

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Motley Fool contributor Nikhil Gangaram 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 Catapult Group International Ltd. The Motley Fool Australia owns shares of and has recommended Catapult Group International Ltd. 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 Australian Rare Earths (ASX: AR3) share price was on form again in early trade on Friday.

The rare earths producer’s shares were up a further 9% to a record high of 60 cents before pulling back.

When the Australian Rare Earths share price reached that level, it meant it had doubled in value since completing its IPO on Thursday.

The Australian Rare Earths IPO

Australian Rare Earths listed on the Australian share market on Thursday after raising $12 million at $0.30 cents via an oversubscribed IPO. The company notes that well-known institutions and sophisticated investors across Australia and internationally took part in the IPO.

This gave Australian Rare Earths a market capitalisation of $33 million at listing and $66 million at today’s peak.

The Koppamurra Project

The funds raised through the IPO will be used to support key work activities at the company’s flagship Koppamurra Project, located in South Australia and Victoria.

The Koppamurra Project is Australia’s largest prospective ionic clay hosted rare earth element (REE) deposit. Management notes that it has already had significant exploration success at Koppamurra through the discovery of the Red Tail and Yellow Tail deposits. This culminated in the declaration of a maiden JORC 2021 Inferred Mineral Resource of 39.9Mt @ 725ppm TREO.

Positively, the success of its first drilling campaign was obtained from drilling of less than 5% of the granted Project area. Furthermore, the grade is comparable with projects and operations found in southern China, the current major source of heavy rare earths globally.

Non-Executive Chairman, Professor Dudley Kingsnorth, said: “The AR3 team are proud to commence trading on the ASX as we continue to progress our exciting, flagship Koppamurra project.”

“Koppamurra is Australia’s only prospective ionic clay hosted REE deposit and one of only two exchange listed opportunities globally. The Company is focused on executing our growth strategy to ensure AR3 is in a position to become a strategic, independent and sustainable source of HREEs, which will play a critical role in the transition to green economies globally,” he added.

The post Australian Rare Earths (ASX:AR3) share price up 100% in 2 days after IPO 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 RPMGlobal Holdings Ltd (ASX: RUL) share price is breaking a new record on Friday morning. This comes after the mining software company announced a sales update for the 2021 financial year.

After surging 5% to touch an all-time high of $1.825 in opening trade, the RPMGlobal share price is currently trading at $1.80, up 3.76%.

How is RPMGlobal performing?

Investors are buying up RPMGlobal shares following the company’s latest release to market.

In today’s statement, RPMGlobal revealed trading conditions have continued to be positive, resulting in an overall stronger FY21 financial performance.

The company advised that total contracted value (TCV) from software subscriptions sold and software revenue from perpetual licence contracts totalled $52.9 million. This is an increase of $9.5 million from when the company reported its sales update on 18 June 2021.

Unaudited figures indicate that TCV achieved $47.7 million, up $13.2 million from FY20 ($34.5 million). In addition, annual recurring revenue (ARR) from software subscriptions stands at around $21.9 million per year. This reflects a significant uplift from the $12.7 million in ARR attained in the prior comparable year.

However, perpetual software licence revenue sold during FY21 finished slightly lower at $5.2 million. The company recorded $6.9 million in software licence sales at the end of FY20. Around $2.2 million has been sold since the last reported sales update 2 weeks ago.

RPMGlobal is expecting to release its FY21 full-year results sometime in late August.

About the RPMGlobal share price

It has been a great 12 months for RPMGlobal investors, with the company’s shares accelerating by more than 70%. In 2021 alone, the RPMGlobal share price has posted gains of around 35%, signifying positive sentiment.

Based on the current price, RPMGlobal has market capitalisation of roughly $397 million, with approximately 229 million shares on issue.

The post Why the RPMGlobal (ASX:RUL) share price hit an all-time high today, up 5% appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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 RPMGlobal Holdings. The Motley Fool Australia has recommended RPMGlobal Holdings. 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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