Tag: Motley Fool

  • Top brokers name 3 ASX shares to buy today

    ASX shares Hand writing Time to Buy concept clock with blue marker on transparent wipe board.

    Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

    Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

    Jumbo Interactive Ltd (ASX: JIN)

    According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $15.20 price target on this lottery ticket seller’s shares. The broker notes that lottery jackpots have been strong during the second half, which bodes well for ticket sales on Jumbo’s platform. Outside this, the broker believes there is a big opportunity for its SaaS business from the migration to online lotteries over the long term. The Jumbo share price is trading at $13.75 on Wednesday.

    REA Group Limited (ASX: REA)

    Another note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $175.00 price target on this property listings company’s shares. According to the note, the broker believes REA Group is well-placed to benefit from the booming housing market. So much so, it sees potential for an earnings super cycle next year. It notes that this is being driven by listings growth and additional inventory. The latter is being underpinned by people re-evaluating where they want to live following the pandemic. The REA Group share price is fetching $155.00 today.

    Zip Co Ltd (ASX: Z1P)

    Analysts at Citi have upgraded this buy now pay later provider’s shares to a buy rating with an $11.30 price target. According to the note, the broker was very pleased with Zip’s third quarter update. The highlight for Citi was its volume growth, which was underpinned by a better than expected performance by its US-based Quadpay business. The Zip share price is trading at $9.85 on Wednesday afternoon.

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    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    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 recommends Jumbo Interactive Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia has recommended Jumbo Interactive Limited and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

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  • The Elixir Energy (ASX:EXR) share price is charging up today. Here’s why

    Two fists connect in a surge of power, indicating strong share price growth or new partnerships for ASC mining and resource companies

    The Elixir Energy Limited (ASX: EXR) share price has powered up this morning after the company released an update regarding 3 operations.

    The Elixir Energy share price gained 16% in early morning trade but has since retreated. At the time of writing its trading at 45 cents, a gain of 4.65%.

    Let’s look closer at the company’s news today.

    Why is the Elixir Energy share price lifting?

    A new contract

    First, the company shared an update from the exploration and appraisal program underway at its Nomgon IX Coal Bed Methane (CBM) Production Sharing Contract Project.

    The CBM is based in Mongolia and owned entirely by Elixir Energy.

    Elixir advised the first well in CBM’s 2021 drilling program, Yangir-2, has been finished. It found a highly fractured depocentre hosting gaseous rocks.

    The company said the results were encouraging for permeability and gas content but have made for “more complex drilling operations”. The desorbed gas was found to contain 99% natural gas, with no additional processing needed before going to market.

    Two more drilling rigs are to be begin drilling wells later this month, targeting both new and previously recorded depocentres.

    Elixir Energy’s largest seismic program

    The company also announced that it has just started its largest seismic program to date. A seismic survey is a non-invasive way to gather information about the location and characteristics of geological structures beneath the earth’s surface.

    Elixir’s program comprises 220km of 2D seismic. Multiple depocenters are to be targeted, made up of both new seismic work and follow-ons to existing seismic work.

    COVID-19 update

    Finally, the company provided an update on the impact the COVID-19 situation in Mongolia is having on its business.

    Mongolia is currently experiencing government mandated lockdowns and border controls.

    Elixir Energy stated it was working closely with the government to work within the rules with minimal affects to its field program.

    The company has vaccinated its staff and contractors and implemented isolation procedures. It believes it’s now set up for maximum resilience against any issues that may arise from the ongoing pandemic.

    What did management say?

    Elixir Energy managing director Neil Young commented on the company’s updates, saying:

    Elixir’s ‘rinse and repeat’ model for the repeatable and low cost discovery and appraisal of gas on the Mongolian/Chinese border continues to successfully roll out in 2021.

    Especially pleasing recent news is the sales gas specification (and strong gas content) from Yangir-2 and the ability of our broad team to work through the current COVID related issues.

    Elixir Energy share price snapshot

    Elixir Energy is having a good year on the ASX, with today’s news just the latest boost to its share price.

    Currently, the energy company’s share price is up 225% year to date. It’s also up a whopping 2,175% over the last 12 months.

    Elixir Energy has a market capitalisation of around $348 million, with approximately 811 million shares outstanding.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    Motley Fool contributor Brooke Cooper 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.

    The post The Elixir Energy (ASX:EXR) share price is charging up today. Here’s why appeared first on The Motley Fool Australia.

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  • Why the St George Mining (ASX:SGQ) share price rocketed 60% on open

    mining Iluka record profit results

    The St George Mining Ltd (ASX: SGQ) share price is off to the races today.

    Shares of the ASX resource explorer were up almost 60% at market open. At the time of writing the share price is up 21.62%, trading at 9 cents each.

    We look at the company’s latest announcement.

    What did St George report?

    The St George Mining share price is soaring after the company reported it had discovered new high-grade nickel-copper sulphides deposits. The discovery was made at its Mt Alexander Project in the north-eastern Goldfields of Western Australia.

    Additionally, the company said the results from 3 separate electromagnetic (EM) conductors were interpreted to have a massive sulphide source.

    One of the drill holes (MAD199) was drilled to a downhole depth of 378.8 metres. It returned a “very strong conductivity” of 19,320 Siemens.  St George said it also intersected a 10.96-metre interval of continuous nickel-copper sulphides from 333.6 metres downhole, “confirming the conductor as high-grade nickel-copper sulphides”.

    According to the release, the results support the project’s potential to deliver significant additional mineralisation in the area.

    Management commentary:

    Commenting on the results, St George Mining’s executive chairman John Prineas said:

    At more than 300 metres below surface, this is the deepest massive nickel-copper sulphides identified in the Cathedrals Belt and confirms our interpretation that the large intrusive mineral system at the Cathedrals Belt can host significant mineralisation at depth.

    Importantly, there are multiple other EM conductors proximal to the MAD199 intersection – both up-dip and down-dip – which have yet to be tested. The result in MAD199 gives us great confidence that these additional conductors are also mineralisation and that we may have discovered a very fertile section of the Cathedrals intrusive unit.

    Drilling and EM surveys continue around the clock.

    St George Mining share price snapshot

    St George Mining shares are down 11% over the past full year, compared to a gain of 31% on the All Ordinaries Index (ASX: XAO).

    Despite today’s boost, the St George Mining share price remains down 11% year-to-date.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    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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  • Are brokers bullish on the Zip (ASX:Z1P) share price after quarterly results?

    IAG share price broker upgrade buy

    Eyes have turned to the Zip Co Ltd (ASX: Z1P) share price which surged 16.95% on Tuesday after announcing a solid set of quarterly results. The results not only highlight the company’s continued momentum across key growth regions but also shed light on its plans for greater international exposure

    While it might have been off to the races with the Zip share price yesterday, what are big brokers thinking? 

    Citi rates the Zip share price as a buy 

    Citi was the most bullish broker today, upgrading its rating from neutral to buy. The broker said that the key highlight from the third-quarter update was stronger than expected volume growth. 

    Zip’s strong quarterly result was driven by QuadPay’s 234% increase in transaction volume. This equated to $762 million, which was 31% higher than Citi’s forecast. With QuadPay’s performance exceeding expectations, the broker upgraded its rating from neutral to buy. 

    Despite the upgrade, Citi was reserved with its share price target, lowering it from $11.35 to $11.30. 

    Morgans cautiously optimistic 

    Morgans ‘add’ rating was unchanged and its target price was lowered from $12.10 to $10.92.

    The broker highlighted another strong quarterly performance across all key metrics that increased 10% to 20% on the second quarter. QuadPay was again the standout for the business. Driving a quarter-on-quarter growth of 16%, 7%, and 19% for revenue, transaction volume, and customers. 

    Morgans reduced earnings per share forecasts for FY21 and FY22 by 2% and 4% on minor adjustments to sales and profit margin forecasts.

    UBS is always bearish 

    UBS has been calling ASX buy now pay later (BNPL) shares as a sell since 2019. Today, the broker reiterated its sell rating while nudging its target price from $6.40 to $6.50. 

    UBS says that the BNPL sector has benefited from economic stimulus and is wary of its short-term outlook as policy measures are wound back.

    Despite QuadPay transaction growth coming out slightly ahead of forecasts, UBS continues to believe that investors should get out of Zip shares. 

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    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 ZIPCOLTD FPO. 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.

    The post Are brokers bullish on the Zip (ASX:Z1P) share price after quarterly results? appeared first on The Motley Fool Australia.

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  • ASX 200 up 0.6%: Zip rises, Resolute rockets, tech shares storm higher

    A happy woman at her laptop punches the air, indicating a rising share price

    At lunch on Wednesday the S&P/ASX 200 Index (ASX: XJO) is on form and has broken through the 7,000 points mark. The benchmark index is currently up 0.6% to 7,019.4 points.

    Here’s what is happening on the market today:

    Brokers love Zip update

    The third quarter update from Zip Co Ltd (ASX: Z1P) on Tuesday has gone down well with brokers today. One of the most positive brokers was Citi. This morning its analysts upgraded the buy now pay later provider’s shares to a buy rating with a price target of $11.30. Elsewhere, Morgans has an add rating and $10.92 price target and Ord Minnett has an accumulate rating and $11.50 price target. This compares to the current Zip share price of $9.88.

    Resolute share price rockets

    The Resolute Mining Limited (ASX: RSG) share price is rocketing higher today after revealing that the Ghanaian government has restored the mining licence for the Bibiani Gold Mine. However, the government has only agreed to do this if Resolute cancels the sale of the operation to Chifeng Jilong Gold Mining. Resolute has agreed to do this and will now look at its options for the mine.

    Tech shares storm higher

    Playing a key role in the market’s positive form today has been the tech sector. Tech shares including Afterpay Ltd (ASX: APT) and WiseTech Global Ltd (ASX: WTC) are storming higher, driving the S&P/ASX All Technology Index (ASX: XTX) a sizeable 1.8% higher. This has been driven largely by a positive night of trade on the Nasdaq index. The tech-heavy index outperformed overnight, recording a solid 1% gain.

    Best and worst ASX 200 performers

    The best performer on the ASX 200 by some distance has been the Resolute share price with a 15% gain following its update. The worst performer has been the Credit Corp Group Limited (ASX: CCP) share price with a decline of almost 3% on the back of no news.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO and WiseTech Global. 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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  • A flat market, earnings season to start in the US, and what’s the story with growth and value? Motley Fool CIO Scott Phillips on SBS

    Scott Phillips on SBS News 14 April 2021

    Motley Fool Australia’s Chief Investment Officer Scott Phillips joined SBS’ Ricardo Goncalves to discuss the ‘going nowhere’ market, the start of US earnings season (and its potential impact on our companies) as well as the ‘rotation’ between growth and value stocks… and where the opportunities might be.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    Scott Phillips has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of Woolworths 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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  • What’s going on with the Galilee Energy (ASX:GLL) share price?

    oil and gas operations at sunset signifying senex share price

    The Galilee Energy Ltd. (ASX: GLL) share price is edging lower in late morning trade, down 0.6%. Galilee is currently trading for 74 cents per share.

    Below we take a look at the ASX energy share’s latest operations update.

    What update did Galilee report?

    The Galilee Energy share price is edging lower after the company released an operations update for its 100% owned Glenaras gas pilot program in Queensland’s Galilee Basin.

    That’s a different market reaction from the last time the company provide an update at its Glenaras gas project on 26 March, when shares soared more than 50% during intraday trading.

    The program involves upgrades – including larger, higher horsepower pumps – to all 6 of the vertical wells, intended to speed the process towards commercial gas production at Glenaras.

    In today’s update on its pump enhancement program (PEP), Galilee reported that the program was running on schedule despite the recent rainfall. Three out of the 6 vertical well upgrades are now complete and those wells are back on production. The company intends to increase the water production rates from the new pumps over the next weeks.

    There were no sediment or fill issues encountered, negating the need for additional clean-out activities. Galilee said this “augurs well for longer term pump reliability”.

    The new, larger pumps required power generation upgrades. Galilee reported that all these upgrades have been completed. It also reported that “progress on a second pivot irrigation system to process increased water rates is well underway”. It expects commissioning to occur by end of April.

    With rig related works continuing until mid-May, the company advised that several wells will be shut during that time. Pumps will progressively come back online throughout the program.

    Galilee Energy share price snapshot

    The Galilee Energy share price is up 14% over the past 12 months. That trails the 31% gains posted by the All Ordinaries Index (ASX: XAO).

    So far in 2021, Galilee Energy shares have gained 9%.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    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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  • Why the Wisr (ASX:WZR) share price is on the move

    hand on touch screen lit up by a share price chart moving higher

    The Wisr Ltd (ASX: WZR) share price is one to watch today. Shares in the Aussie financials group are climbing higher after posting a 19th consecutive quarter of growth. At the time of writing, the Wisr share price is trading for 23 cents, up 2.22%. 

    Why is the Wisr share price climbing?

    Wisr this morning provided a quarterly update for the quarter ended 31 March 2021 (Q3 2021). The Aussie non-bank lender reported a record loan origination growth of $97.8 million. This represents a 17% increase on last quarter and 151% increase on Q3 2021.

    Total loan originations came in at $488.3 million as at 31 March 2021. Wisr reported that secured vehicle loan products were delivering strong results in limited channels. That product line contributed 22% or $21.9 million of the $97.8 million in new loans.

    The Wisr share price has jumped 2.2% higher to start the day following the strong trading update. Wisr also upsized its warehouse facility to $350 million during the quarter with further expansion plans slated for Q4 2021.

    Further underlying the strong quarter, Wisr reported a record Q3 2021 average credit score of 771 in Q3 2021. Today’s result means Wisr has now recorded 19 consecutive quarters of back-to-back growth in an impressive run for the Aussie non-bank lender.

    The Wisr share price jumped more than 2 per cent in early trade with Wisr now boasting a market capitalisation of $252.2 million at the time of writing.

    Shares in the non-bank lender are trading at $0.23 per share, still shy of the company’s $0.28 52-week high.

    Foolish takeaway

    The Wisr share price is on the move in early trade after yet another strong quarterly update from the non-bank lender. That update was highlighted by record quarterly loan origination and an upsized warehouse funding facility during Q3 2021.

    The All Ordinaries Index (ASX: XAO) has jumped 0.37% higher to 7,257.80 points at the time of writing.

    Wisr shares are now up 64.3% in the last 12 months and 228.6% in the last 5 years in a strong run for the company’s shareholders.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    Motley Fool contributor Ken Hall 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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  • Here’s why the Resolute Mining (ASX:RSG) share price is surging 20% higher today

    Block of solid Gold and gold coins

    The Resolute Mining Limited (ASX: RSG) share price has been an exceptionally strong performer on Wednesday.

    In morning trade, the gold miner’s shares rocketed as much as 20% higher to 56.5 cents.

    At the time of writing, the Resolute share price has eased back a touch, but remains up 16% to 54.5 cents.

    Why is the Resolute share price rocketing higher?

    Investors have been buying Resolute’s shares on Wednesday following the release of an update on its Bibiani Gold Mine operation in Ghana.

    Last month investors were heading to the exits in their droves after the Ghanaian government cancelled its mining lease, forcing the immediate termination of activities.

    This was a big blow given that the asset was due to be sold to Chifeng Jilong Gold Mining in the very near future.

    What’s the latest?

    The good news for shareholders is that this morning the company revealed that the mining lease for the Bibiani Gold Mine has been restored by the Ghanaian Honourable Minister for Lands and Natural Resources, Hon. Samuel A Jinapor, MP.

    The release explains that the Minister made the decision to maintain investor confidence globally and in particular maintain Ghana’s reputation as the preferred destination for mining investment in Africa.

    However, the reinstatement isn’t as straightforward as it might first seem. Resolute advised that the Ghanaian Government does not recognise the purported sale or transfer of the Bibiani Gold Mine to Chifeng Jilong Gold Mining. It will also only allow a sale to proceed to a company with the express prior approval of the Government.

    Resolute advised that it intends to comply with the conditions imposed by the Minister in relation to the restoration of the Mining Lease. This brings to an end the sale process.

    Resolute’s Interim CEO, Stuart Gale, commented: “We are very pleased to have come to a quick and amicable resolution which provides clarity and confirmation of MGBL’s Mining Lease at the Bibiani Gold Mine. I would like to thank the Minister for his leadership and cooperation on this matter and we look forward to working with him and the Minerals Commission to identify a development option at Bibiani which sees the mine resuming production as quickly as possible for the benefit of all stakeholders.”

    “I would also like to thank Chifeng for their patience during this process and we look forward to continuing the working relationship which has been developed since announcing the sale in December. We remain committed to the development of Bibiani and will consider all options available to achieve this.”

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    Motley Fool contributor James Mickleboro 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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  • Why is the Aerometrex (ASX:AMX) share price soaring 15% today?

    rising airline asx share price represented by boy playing with toy plane

    The Aerometrex Ltd (ASX: AMX) share price has taken off this morning after the company shared news of a major revenue increase.

    This morning, the Aerometrex share price opened 10% higher than yesterday’s close. It has since risen to 98 cents, which represents a 14.62% gain.

    Let’s take a closer look at today’s news from the aerial imagery company.

    Aerometrex revenue rises by 398% in a year

    The Aerometrex share price is on a tear this morning after the company announced its recurring revenue has risen another 28% since last quarter. This quarter, its recurring revenue reached $4.26 million, 398% higher than it was as at the third quarter of the 2020 financial year.

    Image source: Aerometrex Limited

    In other news boosting Aerometrex shares, the company also reported that it has continued to receive new enterprise subscriptions to its aerial imagery service MetroMap.

    MetroMap is a data-as-a-service (DAAS) aerial imagery subscription. It provides subscribers with an archive of aerial imagery, updated four times per year for capital cities and annually for major regional and rural centres.

    New subscribers to MetroMap in 2021 have included Melbourne Water, Victoria’s North East Water, Victorian Department of Transport, Future Generation Joint Venture (Snowy 2.0 Engineering Project), SA Water and SA Power Networks.

    Commentary from management

    Aerometrex managing director Mark Deuter commented on the company’s significant revenue increase. He said:

    MetroMap has been our primary sales focus for the past 18 months and we are delighted to be rapidly gaining market share across such a wide variety of enterprise customers, from energy and water utilities, to Government agencies, insurance and major engineering clients. Many of these customers are new to Aerometrex and have been attracted to MetroMap’s outstanding quality and utility to support their operations. In addition to the substantial growth in large corporations and government departments now subscribing to MetroMap, we are also seeing strong growth in [small to medium enterprise] business subscriptions.

    Aerometrex share price snapshot

    Today’s boost to the Aerometrex share price will come as welcome news to shareholders who have seen the value of their investment in the company fall by 21.6% year to date. Aerometrex shares have also fallen by nearly 29% over the last 12 months.

    Aerometrex has a market capitalisation of around $80 million, with approximately 94 million shares outstanding.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    Motley Fool contributor Brooke Cooper 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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