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One fund manager sees blue skies for a particular small-cap ASX share, saying it potentially has an “unregulated monopoly” in its sector.

Medallion Financial Group managing director Michael Wayne told the Switzer Investor Strategy Day that he’s very bullish on the long-term prospects of Audinate Group Ltd (ASX: AD8).

Audinate is a maker of digital networking protocol software for audio distribution. Its flagship product is called Dante, and it allows big stadium and arena events to replace numerous cables with a digital signal.

Wayne said the company’s fortunes nosedived during the COVID-19 downturn last year.

“They’ve been doing it tough. There’s been less outdoor concerts, less sporting events.”

But Wayne reckons the depression is temporary as Audinate pretty much has the industry to itself.

“This particular business is being adopted 17 times quicker than the nearest competitor,” he said.

“Every new electronic item that’s being produced — 70% of those new items — include this Dante protocol.”

Audinate’s Dante can become an ‘unregulated monopoly’

The rapid unrivalled adoption of Audinate’s technology drew parallels to another familiar protocol that we’re all now familiar with.

“You can liken it to Bluetooth, if you like. Except Bluetooth isn’t as good a technology and it’s owned by a cooperative,” said Wayne.

“In many ways, we believe this Dante product by Audinate has the potential to be an unregulated monopoly.”

Only 2 weeks ago, Audinate reported its highest-ever quarterly revenue, suggesting the recovery out of the pandemic is well on its way.

Audinate chief executive Aidan Williams, however, did warn of some short-term headwinds.

“We are closely watching global supply chains for potential negative impacts on both our customers and Audinate, which may constrain our near-term revenue and growth,” he said at the time.

“Along with our manufacturing and OEM partners, we are working to mitigate supply chain challenges and expect this near-term uncertainty to resolve itself as calendar year 2021 progresses.”

Audinate shares ended Monday 1.36% down, to close the day at $7.98. It is down from the start of the year when it went for $8.28, but only after a spectacular recovery out of the coronavirus low of $3.13.

Morgan Stanley rates the stock as “overweight” with a price target of $10.

Dante was first developed in the 2000s with a grant from the National Information and Communications Technology of Australia (NICTA). The team was spun-off into its own company in 2006, then listed on the ASX in 2017.

More reading

• 3 exciting small cap ASX shares for your watchlist
• 2 small cap ASX shares that are growing quickly
• 3 growing small cap ASX shares to watch
• Brokers name 3 ASX shares to buy now
• Audinate (ASX:AD8) share price climbs on Q3 update

Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AUDINATEGL FPO. The Motley Fool Australia has recommended AUDINATEGL 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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More reading

• Like Bluetooth but better: ASX share excites fundie
• 2 quality SaaS ASX shares to buy in May 2021
• 2 quality ASX dividend shares that will help you beat low interest rates
• 5 things to watch on the ASX 200 on Tuesday
• Why did the Omni Bridgeway (ASX:OBL) share price sink 5% today?

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Kate O’Brien owns shares of Apple and Rio Tinto Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), and Apple. 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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There are a few quality software as a service (SaaS) shares on the ASX that could be really good ones to look at in May 2021.

SaaS businesses can create attractive recurring revenue at high profit margins, which can generate really good net profit over time as they grow.

The below two businesses are still in the growth phase:

Xero Limited (ASX: XRO)

Xero is one of the world leaders in cloud accounting software. It is a global business with its offering available in dozens of countries. However, there are a few markets where it offers a particularly strong offering with good integration with the tax systems there. Australia, the UK, New Zealand and North America have hundreds of thousands of users.

The SaaS ASX share’s growth has been strong over the long-term. In the FY21 half-year result, Xero’s subscribers went up 19% to 2.453 million. The report also saw operating revenue go up 21% to $410 million and earnings before interest, tax, depreciation and amortisation (EBITDA) grew 86% to $120.7 million.

Xero’s gross profit margin continues to rise, despite already being very high. It went up 0.5 percentage points to 85.7%. It’s that high margin that allows a lot of the new revenue to fall to the next profit line for Xero.

There is still a long way to go with the shift to online accounting, so Xero can be a major beneficiary here.

Management said that the result demonstrated the value its customers attributes to their Xero subscription and the underlying strength of the Xero business model. It continues to prioritise investment in customer growth and product development in line with the long-term opportunity it sees.

Volpara Health Technologies Ltd (ASX: VHT)

Volpara is a SaaS company that utilises artificial intelligence to improve the early detection of breast cancer by analysing breast images (mammograms) and associated patient data. This can provide personalised breast care through clinical decision support and practice management tools. It also aims to provide cost effective reduction of breast cancer deaths.

After strong growth, the SaaS ASX share now has annual recurring revenue (ARR) of around US$18.6 million at the end of the FY21 fourth quarter which included 20% of organic growth year on year.

Volpara estimates that it has at least one software product being used in the screening of approximately 32% of US women for breast cancer. Its average revenue per user (ARPU) now sits at US$1.40, up from US$1.22 at the end of the third quarter of FY21.

The CRA Health acquisition is working particularly well. It has already led to the largest customer win in Volpara’s history.

Volpara’s gross profit margin is above 86% and rising, making it one of the highest on the ASX.

The company is now shifting to risk and genetics for FY22 as it looks to accelerate its sales growth. It’s aiming to provide women with the information needed to make informed decisions – this is planned to begin in October 2021. A new form of patient letter that includes the woman’s breast images will be launched at that time, to engage women directly and fill the clinical need that exists in that space.

More reading

• Why the Xero (ASX:XRO) share price charged higher in April
• 3 stellar ASX growth shares for investors in May
• The Xero (ASX:XRO) share price is smashing the ASX 50 this month
• 2 outstanding ASX growth shares that could be great buy and hold options
• Here’s why the Volpara (ASX:VHT) share price is up 6% today

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends VOLPARA FPO NZ. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia has recommended VOLPARA FPO NZ. 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 afternoon the Reserve Bank of Australia will be meeting to decide on the cash rate.

According to the latest cash rate futures, there is an 86% probability of a cut to zero being priced in by the market.

Though, not everyone is expecting a cut at this meeting. Economists at Westpac Banking Corp (ASX: WBC), for example, continue to expect rates to stay on hold at 0.1% until 2023 at least.

One thing that is for sure, though, is that whatever happens at today’s meeting, it isn’t going to get any easier for income investors in the near term.

But don’t worry, because there are still plenty of ASX dividend shares offering generous yields. Two to consider are listed below:

Telstra Corporation Ltd (ASX: TLS)

The first ASX dividend share to consider is Telstra. This telco giant has had a rough few years, but is finally on track to return to growth again in FY 2022.

This is being driven by the successful execution of its T22 strategy and plans to split into three separate businesses and monetise assets.

Goldman Sachs is positive on the company and currently has a buy rating and $4.00 price target on its shares.

The broker is also forecasting 16 cents per share fully franked dividends for the foreseeable future. Based on the latest Telstra share price of $3.49, this will mean dividend yields of 4.6%.

Transurban Group (ASX: TCL)

This leading toll road operator could be an ASX dividend share to buy. Transurban owns a collection of important roads in Australia and North America such as CityLink in Melbourne and the Eastern Distributor in Sydney.

Ord Minnett is a fan of the company and believes it is well-placed to grow its distribution in the coming years.

The broker is currently forecasting dividends of 37 cents per share in FY 2021 and 58 cents per share in FY 2022. Based on the latest Transurban share price of $14.03, this equates to yields of 2.6% and 4.1%, respectively, over the next two years.

Its analysts have a buy rating and $16.00 price target on its shares.

More reading

• 5 things to watch on the ASX 200 on Tuesday
• ASX 200 flat, Westpac rises after HY21, Premier returns jobkeeper
• Here’s how much the Westpac (ASX:WBC) dividend is worth now
• Why is the Telstra (ASX:TLS) share price rising today?
• Why Dubber, PointsBet, Starpharma, & Westpac shares are storming higher

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of Transurban Group. 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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On Monday the S&P/ASX 200 Index (ASX: XJO) started the week with a small gain. The benchmark index rose a few points to 7,028.8 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to have a positive day on Tuesday following a solid start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 16 points or 0.25% higher this morning. In the United States the Dow Jones rose 0.7% and the S&P 500 climbed 0.3%. The tech-focused Nasdaq index was out of form, though, and dropped 0.5%. This could weigh on local tech shares today.

Oil prices rise

Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could have a positive day after oil prices strengthened. According to Bloomberg, the WTI crude oil price is up 1.35% to US$64.44 a barrel and the Brent crude oil price has risen 1.1% to US$67.51 a barrel. Oil prices jumped after demand hopes outweighed concerns over rising COVID numbers in India.

Reserve Bank meeting

The Reserve Bank of Australia will be meeting this afternoon to decide on the cash rate. According to the latest cash rate futures, there is an 86% probability of a cut to zero being priced in by the market. However, economists at Westpac Banking Corp (ASX: WBC) don’t believe the central bank will cut rates. They continue to forecast rates staying on hold at 0.1% for the foreseeable future.

Gold price storms higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price stormed higher overnight. According to CNBC, the spot gold price is up 1.4% to US$1,792.70 an ounce. Weakness in the US dollar and bond yields gave the precious metal a boost. Elsewhere, the silver price jumped 4.3% overnight.

Westpac rated as a buy

The Westpac share price may have stormed higher on Monday but could keep on climbing according to Goldman Sachs. According to a note, the broker has retained its buy rating and lifted its price target to $29.03. It was pleased with its half year result and sees plenty more upside if the bank can deliver on its cost cutting plans.

More reading

• How the gold price is impacting these ASX gold shares
• ASX 200 flat, Westpac rises after HY21, Premier returns jobkeeper
• Brokers weigh in on the Beach Energy (ASX:BPT) share price plunge
• 2 of the best ASX 200 blue chip shares to buy today
• Here’s how much the Westpac (ASX:WBC) dividend is worth now

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. 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 Omni Bridgeway Ltd (ASX: OBL) share price fell today as the company announced the settlement of a class action case. As a result, shares in the dispute resolution finance company dropped to $3.54, down 5.6% on Friday’s close.

In comparison, the All Ordinaries Index (ASX: XAO) dipped by only 0.05%.

Wivenhoe Dam class action

Omni Bridgeway is involved as a litigation funder regarding the settlement of the Wivenhoe class action for an aggregate amount of $440 million. In essence, this means that the company provides funding for the claimants. In return, the company receives a proportion of the damages recovered.

The Wivenhoe dam case has been a hard fought and extremely expensive case on behalf of approximately 6,700 claimants. The defendants are state-owned enterprises Seqwater, Sunwater and the Queensland Government.

However, only the State of Queensland and Sunwater have settled their half of the liability in the class action. Seqwater is yet to settle, with its 50% of the $880 million damages going to court in May.

Class action resolution

Shares in the company dropped today after Omni Bridgeway announced the settlement of the Wivenhoe Class Action with the State of Queensland and Sunwater.

This morning the supreme court of New South Wales approved the terms of the settlement sought on behalf of the group members. The settlement is now unconditional, although appeals can still be made. Omni Bridgeway stated this is unlikely to happen.

Notably, the company will receive a fee from the settlement for $30 million. This is for project costs and the management fee.

Nonetheless, Omni Bridgeway’s estimated total income for this investment may still change. This is both as a result of the non-settling respondent, Seqwater and the intricacies surrounding the settlement.

Regarding Seqwater, the company stated: “The 50% of the investment relating to the judgment against Seqwater remains unsettled and will continue to be carried as an intangible investment at cost pending future resolution.”

About the Omni Bridgeway share price

Omni Bridgeway is a specialist in dispute resolution finance, with particular expertise in civil and common law legal and recovery systems. The company boasts operations spanning Asia, Australia, Canada, Europe, the Middle East, the UK and the US.

Shares in the mid-cap ASX listed stock have not had a good year, with the Omni Bridgeway share price falling by 20%.

More reading

• Warren Buffett hates Bitcoin. Here’s why
• How the gold price is impacting these ASX gold shares
• Why did the Talga (ASX:TLG) share price fall today?
• Why did the National Storage (ASX:NSR) share price rise 3% today?
• Why did the Hexagon Energy (ASX:HXG) share price sink 10% today?

Motley Fool contributor Daniel Ewing 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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Earlier today, we looked at some of the highlights and key takeaways from Berkshire Hathaway Inc‘s (NYSE: BRK.A)(NYSE: BRK.B) annual meeting for shareholders.

As per usual, Berkshire’s chair and CEO Warren Buffett, as well as vice-chair Charlie Munger, gave their opinion on the current state of the economy and the markets. As well as answering questions from shareholders, of course.

Buffett and Munger had a lot to say on a wide range of issues. But one area might be of particular interest to cryptocurrency fans and investors.

Now Warren Buffett actually (and comically) dodged this question somewhat at the meeting over the weekend. He said that he would prefer not to comment, seeing as he feels like most people watching would have a different opinion on it than what he and Munger do.

But he has gone on the record before on Bitcoin (CRYPTO: BTC), stating he thinks it’s worthless and a form of ‘artificial gold’. However, Charlie Munger wasn’t so ambiguous.

Red flag to a bull

Mr Munger started off by saying that “those who know me well are just waving the red flag at the bull” by asking about Bitcoin. He went on to say this:

Of course I hate the Bitcoin success. I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shovelling out a few extra billions and billions of dollars to somebody who just invented a new financial product out of thin air. So I think I should say modestly that I think the whole damned development is disgusting and contrary to the interests of civilisation. And I’ll leave the criticism to others.

Ok, so let’s dig into these criticisms. Firstly, the ‘useful to kidnappers and extortionists’ part. It’s true that Bitcoin’s unregulated and anonymous nature makes it useful for some ‘black market’ illegal commerce.

But other assets, such as gold, diamonds or even just hard cash can perform similar roles. So the idea that Bitcoin is some kind of ‘gamechanger’ when it comes to unsavoury or illegal activity is arguably a stretch.

Is bitcoin ‘artificial gold’?

What about the ‘artificial gold’ or ‘thin air’ argument? Well, it’s also true that Bitcoin was created out of thin air, for want of a better phrase. Since it doesn’t produce a cash flow, the only value that it has is what investors assign to it. But again, we can say that about a range of assets.

Hard cash is created out of thin air too and doesn’t produce a yield either. Indeed, since it’s no longer tied to a gold standard, it too is a form of fiat currency. That means it is only worth what we as a society deem it to be.

Even gold itself shares many of these attributes. Gold is actually a remarkably underused metal. Gold doesn’t produce a yield. And most of the gold produced either ends up as jewellery or in bullion form as a financial asset, rather than being used industrially to produce goods.

Foolish takeaway

At the end of the day, only you can decide whether Bitcoin is a legitimate asset. Or if Buffett and Munger are right and it’s essentially worthless.

Bitcoin only has value as long as investors give it value. If you think it has a future as a legitimate and unique store of value, then it’s understandable to disagree with these two esteemed investors on this issue.

There’s also nothing wrong with being in total agreement with Buffett and Munger that Bitcoin doesn’t have what it takes to be a sound long-term investment.

More reading

• How Tether is fuelling the Bitcoin price rally
• Some takeaways from Warren Buffett’s Berkshire Hathaway meeting
• ASX 200 Weekly Wrap: Shares have average week but a great month
• Why the Ether price gains are outpacing Bitcoin’s price rise
• Tesla’s $293 million of free cash flow in Q1 was an incredible year-over-year improvement

Sebastian Bowen owns shares of Bitcoin. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Berkshire Hathaway (B shares) and Bitcoin and recommends the following options: short January 2023 $200 puts on Berkshire Hathaway (B shares), short June 2021 $240 calls on Berkshire Hathaway (B shares), and long January 2023 $200 calls on Berkshire Hathaway (B shares). The Motley Fool Australia has recommended Berkshire Hathaway (B shares). 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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S&P/ASX 200 Index (ASX: XJO) gold shares have been lagging the wider index in 2021.

While the ASX 200 is up 5.2% year-to-date, the largest ASX gold shares are all in the red for the year.

Now there are numerous factors at play that determine a gold miner’s share price. These include management, debt levels, and any changes in their resource estimates, to name a few. Most of the major gold producers are also involved with other precious metals, like copper and silver.

With that said, the price of the yellow metal they dig from the ground is a key element in determining what investors are willing to pay for gold producers’ shares.

What’s happening with the gold price?

On 1 January this year, an ounce of gold was worth US$1,899 (AU$2,466). Gold briefly looked like it might top US$2,000 again as it rallied to US$1,950 on 5 January. But it’s been mostly downhill since then.

At the time of writing, an ounce of gold is worth US$1,773. That’s down 6.7% year-to-date and down 14% from the US$2,063 it was trading for on 6 August 2020.

ASX gold shares, as you’d expect, have been seeing their share prices come under pressure.

What’s happening with these ASX gold shares?

Newcrest Mining Ltd (ASX: NCM) counts as the largest of the ASX gold shares, with a market cap of $21.7 billion. While still in the red, the Newcrest share price has outperformed its peers in 2021, with shares down 2.8% year-to-date. Newcrest shares closed today down 0.94%, trading at $26.27.

Northern Star Resources Ltd (ASX: NST) is another heavyweight among the ASX gold shares. And the Northern Star share price, slipping 0.3% today, is down 21.1% year-to-date.

With a market cap of $7.9 billion, Evolution Mining Ltd (ASX: EVN) is certainly no minnow. And it, too, has seen shares retreat in the face of a falling gold price. The Evolution share price is down 1.1% in intraday trading today and down 13.1% so far in 2021.

What next for ASX gold shares?

As mentioned above, there are many factors that determine a specific company’s share price. But when your primary focus is mining gold, you’ll always be tied to the gold price.

More reading

• ASX 200 Weekly Wrap: Shares have average week but a great month
• 5 things to watch on the ASX 200 on Monday
• Top brokers name 3 ASX shares to buy next week
• How the St Barbara (ASX:SBM) share price hit a 52-week low
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor 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.

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The Talga Group Ltd (ASX: TLG) share price spent this afternoon in the red before closing 3.69% lower at $1.57.

The company released its quarterly report after the market closed on Friday, so today was the first opportunity for investors to trade on the news. As such, the Talga share price underperformed compared to the All Ordinaries Index (ASX: XAO), which closed just 0.05% lower today.

Talga is a minerals tech company with operations including graphite exploration and development in Sweden and graphite or graphene research and development in Germany and the United Kingdom.

What happened during the quarter?

During the quarter ending 31 March 2021 (3Q FY21), the company started constructing its fully-funded Swedish Electric Vehicle Anode qualification plant. So far, the project remains on schedule with the equipment for the plant expected to be delivered by quarter 4 this financial year.

Furthermore, graphite ore from the company’s Vittangi project arrived at its Scandinavian mineral processing partner for milling and concentration. Talga expects the outcomes to be known around the first quarter of FY22.

The applications permitting the company to advance and continue mining at its Vittangi project also arrived this quarter. This, in turn, enabled the company to prepare for its 25,000-tonne trial graphite mine at Vittangi.

Talga noted that its Vittangi anode production path has been pushed back during the quarter due to complications caused by COVID-19 and site access restrictions. As such, it expects the feasibility study for the plant to be completed in late June 2021.

In addition, the company continued to make progress with its graphene and battery anode technology. This included numerous customer sample qualification programs regarding lithium-ion batteries and an update on its Talcoat graphene additive for marine coatings.

About the Talga share price

With Talga successfully raising $30 million from its shareholder placement plan this quarter, it currently holds $58.4 million in cash. This includes the recent sale of its Western Australian gold royalties for $800,000.

Furthermore, the company divested its “non-core” Swedish Iron projects. This process is expected to be completed by late September, with any transaction announced around the same time.

Despite strong performance during April, the Talga share price did not have a positive start to the year. Shares in the small-cap graphene company are down 16% year-to-date.

More reading

• ASX stock of the day: Talga (ASX:TLG) shares rocket 23%
• Why Doctor Care Anywhere, Next Science, NIB, & Talga are charging higher
• Why GPT, Mayne Pharma, Talga, & Zip shares are tumbling lower
• Why is the Talga (ASX:TLG) share price dipping today?

Motley Fool contributor Daniel Ewing 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 National Storage REIT (ASX: NSR) share price was a top S&P/ASX 200 Index (ASX: XJO) performer today. National Storage shares are up a healthy 3% today to $2.07 a share at the time of writing. That compares pretty favourably against the ASX 200, which only managed to eke out an o.o4% gain for the day.

So what’s going on here?

About the National Storage share price

This ASX real estate investment trust (REIT) has had an interesting few months. The National Storage share price is up a solid ~8% in 2021 so far, and a little more than 23% over the past 12 months.

It was briefly the talk of the ASX town last year when it received competing acquisition offers from a range of potential suitors over 2019 and 2020.

US private capital firm Warburg Pincus and Chinese firm Gaw Capital both offered $2.20 per share at one point, while the publically-listed US company Public Storage made an offer at $2.40 a share a little later. The shares hit $2.40 soon after. But that was on the eve of the coronavirus pandemic outbreak, and acquisition talk has been all but quiet ever since.

What’s been happening recently with National Storage?

The National Storage share price has been busy in the past month. The company made a new 52-week high of $2.21 on 16 April. So today’s move is a positive one, but still not quite at that level.

The company appeared to enjoy a boost in sentiment from the announcement of the Australia-New Zealand travel bubble. National Storage did seem to shoot higher in the days following that announcement. That makes sense, seeing as more travellers would conceivably result in a higher demand for temporary storage facilities.

National Storage has not made any official announcements or ASX releases since 13 April. So perhaps today’s move is a result of more travel-fuelled optimism.

Or perhaps a group of investors (or one large investor) thinks that National Storage’s trailing distribution yield of 3.55% is too good to pass up. Further, if National Storage’s next two dividend distributions come in at the same levels as what this REIT paid for 2019 (8.1 cents per share), it would have a forward yield of 3.89% on the current share price.

Whatever the reason for today’s upward move, I’m sure National Storage investors will be pleased. At the current pricing, this REIT has a market capitalisation of $2.13 billion.

More reading

• 2 top ASX dividend shares for income investors
• Beat low interest rates with these top ASX dividend shares
• ASX stock of the day: Over The Wire (ASX: OTW) shares bounce
• 3 ASX shares to buy for the real estate explosion
• 2 quality ASX dividend shares to buy next week

Motley Fool contributor Sebastian Bowen 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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