Tag: Motley Fool

The Cash Converters International Ltd (ASX: CCV) share price is charging higher, up more than 3% in afternoon trading.

Below we take a look at what’s driving investor interest.

What update did Cash Converts provide?

Cash Converters’ share price is gaining today after the company reported strong growth rates in its personal lending outgoings, with its loan books growing.

The company’s total gross loan books increased by 14% over the half year to 31 May to $176.6 million. That’s up from $151.1 million as of 31 December.

Cash Converters also said it had re-launched its vehicle finance product, with the recent months seeing outgoings growing.

In an update on its corporate and franchise store network acquisitions, Cash Converters reported it acquired (or entered into arrangements to acquire) 6 franchise stores during the 2021 financial year. The company plans to maintain its focus on “disciplined growth” as it continues to expand its physical footprint to reach new customers.

The Cash Converters’ share price may also have received a boost from the company’s reiteration that it’s committed to resuming sustainable dividend payments. It reported a May 2021 cash balance of $73.3 million, along with an undrawn funding facility line of $79.8 million.

Commenting on the performance update, Cash Converters’ managing director, Sam Budiselik, said:

The performance of our underlying business throughout FY 2021 has been extremely impressive considering the substantial impact of COVID-19 on our loan books, with government stimulus payments impacting borrower demand and accelerating loan book repayments in the first half of FY 2021.

Whilst borrower demand and business activity throughout the second half of FY 2021 has largely recovered, the expectation of a softer second half earnings result is due to these COVID-19 related factors.

Budiselik added that “borrowing demand continues to recover and loan book growth is forecast to continue” in the 2022 financial year.

Cash Converters’ full 2021 financial year results will be released to the market by 30 August.

Cash Converters share price snapshot

Over the past 12 months, Cash Converters’ shares have gained 41%, handily outpacing the 31% gains posted by the All Ordinaries Index (ASX: XAO).

Year-to-date the Cash Converters share price is up a more modest 5%.

The post What’s lifting the Cash Converters (ASX:CCV) share price today? appeared first on The Motley Fool Australia.

More reading

• Here’s why the Little Green Pharma (ASX:LGP) share price is down 5%
• Leading brokers name 3 ASX shares to sell today
• Why the MoneyMe (ASX:MME) share price is rocketing 17% today
• Here’s why the Secos (ASX:SES) share price is rocketing 18% today
• The Marley Spoon (ASX:MMM) share price is up 20% this month

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. Bernd Struben 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.

from The Motley Fool Australia https://ift.tt/3iGFN29

Shares in Little Green Pharma Ltd (ASX: LGP) are falling amid news the company’s distribution responsibilities have changed. At the time of writing, the Little Green Pharma share price is 64.5 cents – 5.84% less than its previous closing price.

Today, the medicinal cannabis producer announced it has revised its distribution agreements following Therapeutic Goods Administration (TGA) clarification.

The company also updated the market on an ongoing purchase order of its products by German wholesaler DEMECAN.

Let’s take a closer look at the latest news from Little Green Pharma.

Revised distribution agreements

According to Little Green Pharma, its revised agreements will see its distribution partners acting as distributors rather than wholesalers.

Under the agreements, distributors will still dispense Little Green Pharma’s products but the company will hold ownership until they’re sold to pharmacies.

The revisions follow the TGA’s issuance of notices to all medicinal cannabis wholesalers.

The notices clarified rules for the wholesaling of unregistered pharmaceutical products. Medicinal cannabis products are considered unregistered pharmaceuticals.

Little Green Pharma will soon receive revenue for sales to pharmacies, rather than to wholesalers.

However, the company said the changes will impact its revenue for the fourth quarter of 2021.

This will be due to distributors drawing from current stocks before new supply rates take effect.

The company’s revenue will increase when it sells products directly to pharmacies. However, its distribution costs will increase at the same time.

As a result, Little Green Pharma believes, beyond 2021, its profits will not be affected by the change.

However, the change will see the timing of the company’s cash receipts slightly impacted.

DEMECAN’s latest order

Recently, DEMECAN placed a $2.5 million purchase order for Little Green Pharma’s products.

Today, Little Green Pharma stated it’s still waiting on regulatory approvals required to import most of the order to Germany.

According to Little Green Pharma, roughly 7,000 units of its 9,000 unit order are awaiting routine approvals.

The company says there are no reasons DEMECAN won’t meet the approvals.

However, if it doesn’t, Little Green Pharma will package the halted products to be sold in Australia.

Little Green Pharma share price snapshot

Despite today’s fall, the Little Green Pharma share price has been performing well on the ASX lately.

Currently, it’s 14% higher than it was at the start of 2021. It’s also gained 69% since this time last year.

The company has a market capitalisation of around $90 million, with approximately 187 million shares outstanding.

The post Here’s why the Little Green Pharma (ASX:LGP) share price is down 5% appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to sell today
• Why the MoneyMe (ASX:MME) share price is rocketing 17% today
• Here’s why the Secos (ASX:SES) share price is rocketing 18% today
• The Marley Spoon (ASX:MMM) share price is up 20% this month
• Leigh Creek Energy (ASX:LCK) share price plummets 14% on capital raise

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.

from The Motley Fool Australia https://ift.tt/3vq8Aej

On Monday I looked at three ASX shares that brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below. Here’s why these brokers are bearish on these ASX shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

According to a note out of Credit Suisse, its analysts have retained their underperform rating and $70.71 price target on this pizza chain operator’s shares. This follows news that the company is acquiring Domino’s Taiwan for $79 million. While the broker notes that there are opportunities to expand its store network significantly in the market, it isn’t enough for a change of rating. It continues to believe that Domino’s shares are overvalued. The Domino’s share price is fetching $118.46.

IGO Ltd (ASX: IGO)

A note out of Morgan Stanley reveals that its analysts have downgraded this clean energy company’s shares to an underweight rating but increased the price target on them to $6.35. The broker has been pleased with IGO’s shift to a clean energy company, however, it believes the market is overvaluing its assets. In response to this, the broker has downgraded its shares today. The IGO share price is trading at $7.39.

Premier Investments Limited (ASX: PMV)

Analysts at Goldman Sachs have retained their sell rating but lifted their price target on this retail conglomerate’s shares to $21.10.  This follows the release of a trading update last week which revealed that its strong growth has continued since its last update. While Goldman has been impressed with its stronger than expected performance, it is expecting a sharp earnings decline next year. In light of this, it feels that its shares are still overvalued at the current level. The Premier Investments share price is trading at $28.70 today.

The post Leading brokers name 3 ASX shares to sell today appeared first on The Motley Fool Australia.

More reading

• Why Isentia, Premier, ResMed, & Service Stream shares are racing higher
• ASX 200 up 1%: Tech shares rise, Bank of Queensland’s provision update
• Why this leading broker rates the Premier Investments (ASX:PMV) share price as a sell
• 2 ASX growth shares that could be top buy and hold options
• Top brokers name 3 ASX shares to sell next week

James Mickleboro does not own any shares 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 Premier Investments Limited. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3pS1ldX

The MoneyMe Ltd (ASX: MME) share price is proving a strong performer today. This follows a trading update provided to the ASX from the digital credit company.

At the time of writing, MoneyMe shares are fetching $1.89, up 17.81% for the day.

What did MoneyMe announce?

Investors are buying up MoneyMe shares after the fintech lender revealed strong results for the month of May.

According to today’s release, MoneyMe achieved record originations of $57 million for May. This represents a 384% increase on the $11.8 million it achieved in May 2020. By contrast, March and April 2021 saw $47 million and $44 million in originations, respectively.

Complementing the improved performance, the company said it is experiencing significant originations from Autopay. The secured vehicle finance solution, which launched in April, exceeded $1.2 million in cars financed during May. Pleasingly, MoneyMe expects this result to more than double in June.

MoneyMe managing director and CEO Clayton Howes said of the result:

We are very pleased to report the continuing growth and momentum in MoneyMe. Another record originations result for last month is a direct result of our products continuing to deliver amazing customer experiences, including from automated decisioning and fast settlement and across a diversified product set.

Our latest product, the newly launched Autopay, is a ground-breaking innovation and demand from the dealer and broker industry for the product has been significant and we expect origination volumes in Autopay to grow materially.

About the MoneyMe share price

For the bulk of the past 12 months, MoneyMe shares have generally traded sideways until today’s announcement. The company’s share price is now within sights of breaking its all-time high of $2.00.

MoneyMe has a current market capitalisation of around $314 million, with roughly 171 million shares outstanding.

The post Why the MoneyMe (ASX:MME) share price is rocketing 17% today appeared first on The Motley Fool Australia.

More reading

• Here’s why the Secos (ASX:SES) share price is rocketing 18% today
• The Marley Spoon (ASX:MMM) share price is up 20% this month
• Leigh Creek Energy (ASX:LCK) share price plummets 14% on capital raise
• Why Austal, Cettire, Leigh Creek Energy, & McPherson’s are sinking today
• Up 1,169% in 1 year, why the IOUpay (ASX:IOU) share price is higher today

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 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.

from The Motley Fool Australia https://ift.tt/35jiAuX

The Secos Group Ltd (ASX: SES) share price is rocketing today, up more than 18% in afternoon trade.

We look at the latest business update from the ASX listed sustainable packaging manufacturer.

What update did Secos provide?

The Secos share price is soaring after the company reported a huge lift in Woolworths Group Ltd (ASX: WOW) stores offering Secos’ certified compostable bin liners.

In July 2020, Woolworths initially rolled out Secos MyEcoBag brands to 88 Eco Stores. According to the release, the rollout performed beyond expectation. Secos has now been awarded 115 more stores within the Woolworths retail network, bringing the total to 203 stores.

Commenting on the expanded offering by Woolworths, Secos CEO Ian Stacey said:

This expansion, along with growth being experienced across various customer groups, is expected to continue strong revenue growth for Secos into FY2022 and beyond.

Secos is pleased to broaden the store number with Woolworths and is pleased to see the hard work in launching new brands with Woolworths is yielding positive results. Secos also will see its products move to a more prominent position with the Woolworths store shelf plan.

The company said that volumes remain dependent on in-store sales growth. It added that the demand for compostable bags via retail chains is “significant”, and it expects demand to grow as consumer increasingly embrace sustainable practices.

The Secos share price is also getting a lift from the company’s forecast of additional growth opportunities for its products in grocery and convenience stores in Australia, Latin America and the United States. It added that many Australian Councils are in the process of issuing compostable bin liners to households.

Secos share price snapshot

No doubt about it, Secos shareholders will have little to complain about over the past 12 months. With today’s gains factored in, shares are up 342% since this time last year. By comparison, the All Ordinaries Index (ASX: XAO) has gained 31% over that same time.

Year-to-date the Secos share price has continued to outperform, up 26% so far in 2021.

The post Here’s why the Secos (ASX:SES) share price is rocketing 18% today appeared first on The Motley Fool Australia.

More reading

• ASX 200 Weekly Wrap: ASX edges even higher, led by tech rebound
• What I regret about my Afterpay (ASX:APT) shares: analyst
• ASX 200 rises, Woolworths acquisition approved, Austal in rough waters
• Woolworths (ASX:WOW) share price on watch after ACCC approves PFD deal
• Top brokers name 3 ASX shares to sell today

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended SECOS Group Limited. The Motley Fool Australia owns shares of and has recommended Woolworths Limited. Bernd Struben 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.

from The Motley Fool Australia https://ift.tt/3pXr6to

The Marley Spoon AG (ASX: MMM) share price has had a bumper month so far in June.

The subscription-based meal kit company’s shares have lifted 20.82% this month to $2.96.

What’s driving the Marley Spoon share price?

2021 annual general meeting

Marley Spoon’s annual general meeting took place last Friday. While the announcement wasn’t flagged as price-sensitive, it reiterated the company’s growth trajectory and strategy for moving forward.

Marley Spoon founder and CEO Fabian Siegel described 2020 as a “pivotal year” with “massive growth” that enabled the company to achieve the scale necessary to become profitable for the first time in 2Q20. The company’s maiden profit was underpinned by the doubling of revenues to 254 million euros (~A$400 million).

Looking ahead, Siegel said, “in 2021 we will continue to invest in additional capacity to support the increasing customer demand and our growth ambitions.”

This included the expansion of cool room capacity in the company’s manufacturing centres in Melbourne, New Jersey, Texas and the Netherlands. It’s in addition to a new manufacturing centre in Perth and major expansion projects in Sydney and California.

Meal kit market tailwinds

A widely shared research report titled ‘Meal Kit Market Global Forecast by Country, Type, Ordering Method (Online, Offline), Category (Vegetarian, Non-Vegetarian), Company Analysis’ could be another factor driving the Marley Spoon share price.

The in-depth report said the meal kit industry had grown exponentially in recent years. The onset of COVID-19 has brought about additional tailwinds that “have seen the market for meal kits hit skyrocket”.

According to the report, the global meal kit industry is expected to grow at a compound annual growth rate (CAGR) of 13.3% between 2020 and 2027, from US$8.4 billion to US$20.1 billion.

This bullish report could be one of the reasons why the Marley Spoon share price jumped almost 9% last Wednesday to $2.67.

The post The Marley Spoon (ASX:MMM) share price is up 20% this month appeared first on The Motley Fool Australia.

More reading

• Marley Spoon (ASX:MMM) share price jumps 9% following $20b sector forecast

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 recommended Marley Spoon AG. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3gneet6

The Leigh Creek Energy Ltd (ASX: LCK) share price has come out of a trading halt today as one of the worst performers on the ASX. This comes after the energy producer announced a capital raise to progress stage 1 of the Leigh Creek Energy Project.

At the time of writing, Leigh Creek Energy shares are down a sizeable 14.35% to 19.7 cents.

What’s sending Leigh Creek Energy shares lower?

One catalyst for the huge falls in the Leigh Creek Energy share price today may be investor fears over an impending share dilution.

According to this morning’s release, Leigh Creek Energy has successfully raised $18 million (before costs) by a way of placement. The company received support from several Australian and global institutions.

The offer will see 100 million new ordinary shares, at a price of 18 cents each, allocated to participating investors. This represents a 20% discount on the issued capital prior to when the company announced the placement (22.5 cents).

In addition, the new shares will have a one-for-one attached option exercisable at 28 cents within the next 3 years. The issue of the options however is subject to shareholder approval

Leigh Creek Energy will seek to use the proceeds from the capital raise for a number of initiatives. This includes the acquisition of a 3D seismic, drilling and construction of gasifier chambers, acquisition of power generation infrastructure, and general working capital.

Management commentary

Leigh Creek Energy managing director, Phil Staveley spoke about the company’s capital raising efforts:

This $18 million capital injection will enable LCK to continue to move forward with Stage 1 of our flagship project with added confidence and puts us one step closer to our goal of building a plant at Leigh Creek which can deliver urea into the Australian and overseas markets.

The opportunity presented by this capital raise means we can immediately focus all our resources and attention on driving forward the commercial stages of the project.

In the coming weeks we expect to execute the final agreement for engineering, procurement, construction and completion of the urea plant with Korean giant, DL E&C and offer further equity to our existing, loyal shareholders.

The Leigh Creek Energy has gained over 100% in the past 12 months, and is up 14% year-to-date.

The post Leigh Creek Energy (ASX:LCK) share price plummets 14% on capital raise appeared first on The Motley Fool Australia.

More reading

• Why Austal, Cettire, Leigh Creek Energy, & McPherson’s are sinking today

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 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.

from The Motley Fool Australia https://ift.tt/35kf8QK

The S&P/ASX 200 Index (ASX: XJO) has started the week strongly and is storming higher again. In afternoon trade, the benchmark index is up a sizeable 1.1% to 7,391.9 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are sinking:

Austal Limited (ASX: ASB)

The Austal share price has tumbled 8.5% to $2.13 after downgrading its earnings guidance. This morning the shipbuilder revealed that it expects its earnings before interest and tax (EBIT) to be in the range of $112 million to $118 million in FY 2021. This is down from its previous EBIT guidance of $125 million. Delays due to COVID-19 are behind Austral’s underperformance.

Cettire Ltd (ASX: CTT)

The Cettire share price has crashed 21% to $1.98. Investors have been selling the online luxury goods retailer’s shares amid concerns over fund managers selling shares and its long term prospects due to sales tactics and supply chains. The Cettire share price has been paused from trading without explanation.

Leigh Creek Energy Ltd (ASX: LCK)

The Leigh Creek Energy share price has sunk 13% to 19.5 cents. This follows the completion of an $18 million capital raising undertaken at a deep discount of 18 cents per new share. The proceeds will be used to progress stage 1 of the Leigh Creek Energy Project to production of commercial syngas and power generation. Management advised that the placement was supported by several Australian and global institutions.

McPherson’s Ltd (ASX: MCP)

The McPherson’s share price has fallen 17% to $1.20. This morning the beauty products company revealed that Arrotex Australia has withdrawn its Indicative Proposal. In April, Arrotex Australia tabled a $1.60 per share takeover offer. However, following a four-week period of due diligence, the parties have agreed to cease due diligence and Arrotex has withdrawn its proposal.

The post Why Austal, Cettire, Leigh Creek Energy, & McPherson’s are sinking today appeared first on The Motley Fool Australia.

More reading

• What on earth is going on with the Cettire (ASX:CTT) share price today?
• Austal (ASX: ASB) share price down 8% after earnings downgrade
• Quarterly rebalance: Appen kicked out of ASX 100, Uniti added to ASX 200
• 5 things to watch on the ASX 200 on Tuesday
• ASX 200 rises, Woolworths acquisition approved, Austal in rough waters

James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Austal Limited and Cettire Limited. The Motley Fool Australia has recommended Cettire Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/2TwXUwU

The IOUpay Ltd (ASX: IOU) share price is on the climb today. Shares are up 1.56% at the time of writing, having earlier posted intraday gains of more than 11%.

This comes after the ASX buy now, pay later (BNPL) company emerged from a part-day trading halt preceding its new partnership announcement.

What partnership did IOUpay announce?

The IOUpay share price is on the move after the company reported it has entered into a Master Merchant Agreement with Razer Merchant Services (RMS).

Under the terms of the agreement, the company said RMS is “contracted on a non-exclusive basis to refer and acquire its merchants to onboard and utilise IOUpay’s BNPL payment service offering”.

All the participating merchants covered under the RMS agreement are in Malaysia. IOUpay will pay RMS a small, fixed percentage for every successful transaction conducted on its BNPL platform from the agreement.

RMS is operated by Razer Fintech, among the biggest O2O (offline to online) digital payment networks in emerging markets. According to the announcement, Razer has processed billions of dollars in total payment value to date.

RMS currently provides credit card, debit card and e-wallet payment options to its merchants. After successful system integration and testing between IOUpay and RMS, BNPL will join RMS’ payment options. IOUpay said integration and testing could take up to 4 weeks.

Commenting on the new agreement, IOUpay’s CEO Khong Kok Loong said:

We are thrilled to be working together with Razer Merchant Services who represent one of the most progressive networks of online merchants in South East Asia.

Providing our customers with more than 50,000 of Malaysia’s most recognised and popular online stores to shop and pay using our BNPL service offerings is an important step in providing our customers with a wide spectrum of choice across brands, products and services.

IOUpay share price snapshot

IOUpay shareholders have been well-rewarded during the past 12 months, with shares up 1,169%. That blows the doors off the 31% gains posted by the All Ordinaries Index (ASX: XAO).

However, the IOUpay share price has fallen hard from the 82 cents per share it reached on 18 February this year, currently trading for 33 cents. But even with that retrace, shares in IOUpay remain up 100% so far in 2021.

The post Up 1,169% in 1 year, why the IOUpay (ASX:IOU) share price is higher today appeared first on The Motley Fool Australia.

More reading

• The IOUpay (ASX:IOU) share price is up 4,000% in the past year

Bernd Struben 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.

from The Motley Fool Australia https://ift.tt/3goS6Ph

The Japara Healthcare Ltd (ASX: JHC) share price has been a positive performer on Tuesday.

In afternoon trade, the aged care provider’s shares are up 6% to a 52-week high of $1.26.

This latest gain means the Japara share price is now up more than 100% since the start of the year.

Why is the Japara share price charging higher?

Investors have been bidding the Japara share price higher on Tuesday after it received a takeover offer from a second suitor.

This follows the receipt of a revised conditional, non-binding indicative proposal from Calvary last week offering $1.20 cash per share.

According to today’s announcement, Japara has now received a conditional, non-binding and indicative proposal from RSL Care RDNS, which is part of the Bolton Clarke Group (Bolton Clarke).

The Australian not-for-profit provider of home care, retirement living, and residential aged care has offered to acquire 100% of the shares in Japara by way of a scheme of arrangement at $1.22 cash per share. This price will be adjusted downwards for any dividend declared prior to implementing a scheme.

Bolton Clarke’s offer is subject to a number of conditions such as the completion of due diligence to its satisfaction, binding financing arrangements with third parties, a unanimous recommendation from all Japara Directors, final approval of the Bolton Clarke Board, and the execution of final agreed transaction documentation.

The release explains that the Japara Board has considered the Bolton Clarke proposal and has determined that it is appropriate to offer due diligence access. This is so that Bolton Clarke can potentially develop a binding proposal.

What’s next?

With the Japara share price now trading above both offers, it appears as though investors are hoping that a bidding war will soon commence, driving the offer prices higher.

Though, it is worth noting that Japara has warned that there is no certainty that either proposal will result in a transaction, let alone a higher offer.

The post Japara (ASX:JHC) share price shoots higher on second takeover offer appeared first on The Motley Fool Australia.

More reading

• Why the Japara (ASX:JHC) share price just hit a 52-week high
• This beaten-up sector has some of the top performing ASX shares this year

James Mickleboro does not own any shares 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.

from The Motley Fool Australia https://ift.tt/3vqsJk8