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As a leading cybersecurity stock, the recent Tesserent Ltd (ASX: TNT) share price performance has been far from inspiring. Its shares are down 33% year-to-date and almost 50% from its all-time record high of 44 cents. 

What might drive the Tesserent share price today 

On Tuesday, Tesserent announced that it will be expanding its business to make strategic investments in proprietary IP-based products and companies, and launching a cyber academy to address the industry’s skill shortages. 

Investors can view the new organisational structure as three separate business divisions. 

Firstly, Tesserent Cyber represents the ‘old’ Tesserent and its existing and core consulting, product and services business. 

Tesserent Innovation is a new division focusing on developing and investing in new cyber technologies. The objective of Tesserent Innovation is to enable high growth potential cyber IP businesses to leverage the company’s existing customer base, deep skill sets, geographic coverage, and funding ability. 

Finally, Tesserent is launching the Academy to help drive an industry-wide capability uplift and reduce the skill shortage gap.

Besides the new business divisions, the business update did not contain any market sensitive news or financial updates. 

Tesserent reiterates its growth narrative and future focus 

The update reiterates the company’s narrative of exponential growth. In addition, it also reaffirmed its ambition of a $150 million turnover run rate by 30 June 2021. 

The company has taken significant strides towards profitability, from a negative earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.7 million and $679,000 in 2Q20 and 3Q20, to $405,000 and $1.4 million in 1Q21 and 2Q21. 

In addition to Tesserent Innovation and Academy, the company said that it will continue to drive its acquisition strategy. The intention of this is to expand on Tesserent Cyber’s capabilities and market share. This will translate to increasing shareholder value through incremental earnings growth.

While the announcement sounds very positive for the Tesserent business moving forward, its share price is still down some 30% for the year. 

The Tesserent share price opened 6% higher to 25 cents on Tuesday. However, it still needs to rise another 35% to breakeven for the year. 

 

More reading

• What’s happening with the Tesserent (ASX:TNT) share price today?

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Big brokers have run the ruler on ASX shares that could beat the market. Here are the ones that have been rated as a buy or buy equivalent on Tuesday.

ASX shares that could outperform the market 

3P Learning Ltd (ASX: 3PL) 

3P Learning announced on Monday that it will acquire 100% of Blake eLearning to emerge as a leading educational technology platform. 

Morgan Stanley views this as a positive transaction in terms of scale, product mix, customer mix and potential for meaningful revenue and cost synergies. 

The broker’s commentary does note some slight caution towards Blake eLearning, which seems to be cycling a period of accelerated COVID-19 sign-up. This could result in a higher churn rate and flatter growth in the near term. 

Morgan Stanley maintained its overweight rating and increased its target price from $1.50 to $1.60. 3P Learning shares are currently trading at $1.30. 

Aristocrat Leisure Ltd (ASX: ALL) 

Aristocrat Leisure has arguably received the most broker updates of all ASX shares this month. This includes updates from April 7, April 9 and April 13. The big broker narrative typically highlights a bounce back in its core casino machines business and acceleration in its digital gaming revenues. 

On Tuesday, Credit Suisse points out that Apple Inc (NASDAQ: AAPL) was named the defendant in six lawsuits filed in United States federal courts alleging casino-style app games that allow users to purchase virtual coins, and pay money to win more playing time, constitutes unlawful gambling in certain US states.

The broker believes that Apple may have to restrict or alter its distribution of mobile gambling games. 

Overall, Credit Suisse remains bullish on Aristocrat shares, retaining an outperform rating and $38.00 target price. The Aristocrat share price is currently fetching $36.14, within arm’s reach of its all-time record high of $38.00. 

BlueScope Steel Limited (ASX: BSL) 

Macquarie upgraded its earnings estimates in the second half to $919.4 million. The broker believes a rally in steel prices have been underpinned by favourable market dynamics including a consolidating global steel industry, high utilisation and strong demand. 

Macquarie’s commentary notes that there are risks associated with a potential rollover of steel prices, but believes strong earnings momentum can continue in the near term.

An outperform rating was retained and target price raised from $21.65 to $23.50. BlueScope shares are currently trading at $20.30. 

Mach7 Technologies Ltd (ASX: M7T) 

The Mach7 share price jumped as much as 14% yesterday after the company announced record quarterly results. After assessing the third-quarter results, Morgan Stanley was pleased with its $12.8 million in new sales orders for the quarter from both new and existing customers. This represents a significant uplift from the $7.6 million in the second quarter. 

The broker made no changes to its forecasts, retaining an add rating with a $1.68 target price. Mach7 shares have retreated 2.55% on Tuesday to $1.34. 

Mineral Resources Limited (ASX: MIN) 

Macquarie upgraded a number of ASX lithium shares on Tuesday including heavyweights Galaxy Resources Limited (ASX: GXY), Orocobre Ltd (ASX: ORE) and Pilbara Minerals Ltd (ASX: PLS). 

The broker lifted its lithium price outlook and expects Mineral Resources’ to begin producing lithium hydroxide in FY22. Macquarie believes that buoyant iron ore prices will support Mineral Resources in the near term while its entry into lithium production will drive medium to long term value. 

Macquarie rates Mineral Resources as outperform and lifted its target price from $50 to $61. Mineral Resources shares are currently trading at $40.85. 

More reading

• Why this broker thinks the Aristocrat Leisure (ASX:ALL) share price can go higher
• Leading brokers name 3 ASX shares to buy today
• Why the 3P Learning (ASX:3PL) share price is soaring 7% today
• The Mach7 (ASX:M7T) share price jumps 11% on record quarterly update
• Why Anteotech, Credit Clear, Galaxy, & Mach7 shares are storming higher

Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends MACH7 FPO. The Motley Fool Australia has recommended MACH7 FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Big brokers think these 5 ASX shares can outperform the market appeared first on The Motley Fool Australia.

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The Crown Resorts Ltd (ASX: CWN) share price is everywhere today. The wild movement comes as the casino operator provided an update on the Blackstone takeover bid.

At the time of writing, shares in the company are trading at $12.10 – up 0.08%. However, Crown shares opened 0.74% lower at $12.00, before briefly rising to $12.13. The Crown share price closed yesterday at $12.09.

By comparison, the S&P/ASX 200 Index (ASX: XJO) is up 0.09% so far today.

Let’s take a closer look at today’s announcement.

What’s going on with the Crown share price?

The Crown share price is all over the show during Tuesday’s session. In a statement to the ASX, Crown says Blackstone has updated the conditions under which it will buy 100% of Crown Resorts.

On top of the already stated conditions, Blackstone now wishes for the following to occur:

1. Blackstone to receive approval from all relevant state and territory governments to takeover Crown.
2. Crown’s Victorian or West Australian gaming licenses to still be valid, and not under threat of being cancelled. As well, New South Wales must grant Crown a gaming licence or not threaten to withhold it.
3. Any of the mentioned licenses not having, or soon to have, terms or conditions that will have a material impact on the financial position of operations.
4. That the Royal Commissions into Crown, which are occurring in Victoria or WA, do not recommend either of points 2 or 3.

Additionally, Crown says Blackstone will not be relying on debt financing to complete the takeover.

Background to Crown’s woes

The NSW Independent Liquor and Gaming Authority (ILGA) found Crown unsuitable to hold a gaming license in the state earlier this year. This was swiftly followed by a slew of resignations, including the CEO and several directors, and then the aforementioned Royal Commissions into Crown’s operations in two states.

According to the Australian Broadcasting Corporation (ABC), the WA royal commission will examine gaming regulations in the state – not just Crown’s operations on the west coast.

Crown share price snapshot

The Crown share price is up by more than 45% over the past 12 months. However, the company’s value has been aided by two important factors. First, one year ago was the midst of the COVID-19 financial collapse, which hit hospitality especially hard. Second, the crown share price shot up 18% when Blackstone submitted its bid to buy out shareholders.

Crown has a market capitalisation of around $8.2 billion.

More reading

• These were the best performing ASX 200 shares in March
• ASX 200 Weekly Wrap: ASX 200 gets its mojo back
• These were the best performers on the ASX 200 last week
• 8 ASX 200 shares rated as ‘outperform’ by brokers
• Compared! How are ASX gaming share prices performing?

Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Crown Resorts 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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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:

Macquarie Group Ltd (ASX: MQG)

According to a note out of Citi, its analysts have retained their sell rating and $125.00 price target on this investment bank’s shares. Citi appears to believe that Macquarie’s shares are expensive at the current level. Particularly given its belief that the company will be forced to forecast a decline in earnings in FY 2022. This is due to a number of events that have occurred in FY 2021 that are highly unlikely to repeat again next year. The Macquarie share price is trading at $154.50 this afternoon.

Magellan Financial Group Ltd (ASX: MFG)

Analysts at Goldman Sachs have retained their sell rating and $45.56 price target on this fund manager’s shares. This follows the release of Magellan’s latest funds under management (FUM) update for the month of March. According to the note, the broker continues to see Magellan as expensive in light of the recent deterioration in its performance and the associated risks to revenues. The Magellan share price is fetching $48.60 on Tuesday afternoon.

Platinum Asset Management Ltd (ASX: PTM)

A note out of Credit Suisse reveals that its analysts have downgraded this fund manager’s shares to an underperform rating with a $4.65 price target. This follows the release of its FUM update after the market close on Friday. Credit Suisse notes that Platinum reported a 1.4% decline in FUM during the month. It appears concerned that this trend could continue, especially given disruption in the platform industry, which it feels could have a major impact on Platinum’s performance. The Platinum share price is trading at $4.84 today.

More reading

• Macquarie (ASX:MQG) just delivered ASX lithium shares a big boost
• Why the Magellan (ASX:MFG) share price outperformed today
• This beaten-down ASX sector could soon be turning the corner
• Why the Platinum (ASX:PTM) share price is falling today
• Why Brickworks, Imugene, Platinum, & Synlait shares are dropping today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group 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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It sounds preposterous, but investors could soon be asking if a dividend upgrade is in the wings for the Telstra Corporation Ltd (ASX: TLS) share price.

It was only as recent as the February reporting season when the market was bracing for a dividend cut from our largest telco.

There was a palpable sense of relief when Telstra didn’t cut its interim dividend any further. It paid a 5-cents a share regular dividend and topped it up with a 3-cents a share payment, just as it did in 2020.

Telstra’s profit and dividend outlook improving

But two months is a long time on the ASX. The multiple headwinds that forced Telstra to lower its dividend in 2018 appear to be abating.

This prompted UBS to speculate if the telco could be flushed with excess cash over the medium term.

There are a few bright spots that support this bullish thesis. The intense competition for mobile subscribers appears to be easing. We aren’t seeing the same widespread price cuts on mobile plans as before.

NBN and other new opportunities

Secondly, the earnings threat from the NBN has also passed what I call “peak pain”. UBS also pointed out that cost pressures from migrating customers to the NBN is easing.

Throw in the recovery from COVID-19 disruptions, opportunities from 5G and NBN-alternative service offerings and cost reduction programs, and you have a more bullish outlook for cash flow.

These drivers aren’t unique to the Telstra share price of course. The TPG Telecom Ltd (ASX: TPG) share price is also well placed to benefit.

Improving cash flows and dividends payouts

“We take this a step further and investigate the cash flow profiles for TLS & TPG over the medium term,” added UBS.

“Following spectrum auctions this year & investments in 5G network upgrades over the next ~2 years, we see potentially ~6 years of sustained FCFs [free cash flows] that are significantly above earnings from FY23E in the absence of growth investment opportunities.”

Based on the broker’s estimates, Telstra could be sitting on a circa $5 billion cash pile. Meanwhile, TPG could have around $3 billion, of which a third is derived from its tax asset.

Why Telstra’s dividend may not increase for years

But this does not necessarily mean Telstra is about to lift its dividend. UBS thinks it’s a bad idea for Telstra to link its dividend to FCFs.

This is because there is uncertainty over how much Telstra will need to pay for spectrum in the coming years. Telstra is also unlikely to have sufficient franking credits to cover a material increase in dividends.

However, Telstra could use the excess cash on other capital management initiatives, like share buybacks.

TPG’s dividends set to grow

UBS is forecasting Telstra’s dividend to remain steady at 16 cents a share till FY25, when this is increased to 17 cents.

If you want a dividend upgrade sooner, you might have to choose the TPG share price. UBS believes TPG will increase its full year payout to 17.5 cents this financial year from the 7.5 cents it paid in FY20.

UBS is recommending both ASX shares as “buy” but prefers TPG.

More reading

• Telstra (ASX:TLS) share price hits new 8-month high
• How this ASX ETF is battling the biggest threat to Australian business growth
• ASX 200 Weekly Wrap: ASX sees 7,000 points once more
• 2 quality ASX dividend shares to buy next week
• Telstra (ASX:TLS) and 2 other ASX dividend shares offer yields over 5% today

Motley Fool contributor Brendon Lau owns shares of Telstra Limited and TPG Telecom Ltd. Connect with me on Twitter @brenlau.

The Motley Fool Australia owns shares of and has recommended Telstra 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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Savvy investors who picked up shares in online meal kit delivery Marley Spoon AG (ASX: MMM) would be laughing all the way to the bank right now. Since the beginning of 2020, Marley Spoon shares have gained a whopping 686%. Surging from just $0.35 to the current price of $2.78 in under 18 months. At one point in August of last year, they even touched an all-time high price of $3.80.

What was behind the share price gains?

Marley Spoon was uniquely suited to meet the demands created by lockdowns and pandemic anxiety. The company is essentially a grocery delivery service with a twist. Customers can log on to Marley Spoon’s online platform and select from a list of meal options each week. Marley Spoon then delivers a box containing the recipes and pre-portioned ingredients required to cook them. The company aims to cut down on food waste while promoting healthy eating and home cooking.

When government-imposed lockdowns confined people to their homes and forced restaurants to close, Marley Spoon saw a rapid rise in new customers. The Berlin-based company operates in many geographies that had major COVID-19 outbreaks and strict lockdowns in 2020. This included parts of Europe and North America. A company that delivered fresh ingredients right to your doorstep seemed like a much better alternative to anxiety-inducing trips to the supermarket during a global pandemic.

Recent financials

Marley Spoon recently released its results for the 12 months ended 31 December 2020, in which it reported a huge surge in revenues. The company’s net revenue doubled in 2020 (to EU$254 million), driven by an 83% year-on-year increase in active subscribers.

The US geography led the charge. Net revenues there jumping 133% year-on-year on a constant currency basis to EU$127 million. It now makes up the bulk of Marley Spoon’s total net revenues. With EU$86 million generated in Australia and EU$41 million in Europe.

Operating earnings before interest, tax, depreciation and amortisation expenses (EBITDA) also increased markedly year-on-year, from -EU$29.8 million in FY19 to -EU$0.5 million in FY20.

Outlook

2020 may have been something of a one-off particularly in terms of paradigm-shifting growth rates. However, Marley Spoon still sees plenty of room to expand. The company estimates the global grocery market to be valued at $7 trillion. Online penetration, however, has so far only reached 3% to 4%.

Marley Spoon forecasts revenue growth of between 25% and 30% for FY21 (which would mean a result somewhere between EU$318 million and EU$330 million). Investment priorities over the next 12 months will be focused on extending Marley Spoon’s product range, beefing up its fulfilment centre capacity, and improving its digital platform.

Shareholders will be hoping that continued good stewardship by management will translate into further gains in the Marley Spoon share price.

More reading

• Why ASX e-commerce shares could keep running higher in 2021
• ASX quarterly rebalance: HUB24 joins ASX 200, Brainchip into ASX 300

Motley Fool contributor Rhys Brock 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 Digital Wine Ventures Ltd (ASX: DW8) share price is falling today despite the company’s WINEDEPOT business posting strong yearly and monthly gains.

The Digital Wine share price is currently trading at 18.5 cents, down 5.13% today.

Digital Wine Ventures is engaged in distributing premium wine and has been a key benefactor of the digital disruption to the global wine industry.

It also undertakes bulk wine production and contract wine processing. The company focuses on the Asian retail wine market. Digital Wine enables its customers in China to purchase wine from around the world through their personal computers, tablets, and mobile phones.

Digital Wine results

It’s been a busy month for Digital Wine’s WINEDEPOT brand. WINEDEPOT shipped 25,311 cases in March, up more than 550% on the same month last year (MoM) and 21.3% on February 2021. 

It processed 12,272 orders during March, up 504% MoM and 29.3% on January 2021. This equated to an average of 2.06 cases shipped per order.

It also signed up another 27 suppliers and appointed James Munn as chief operating officer (COO).

But the company had seen rapid drops in revenue from December until January, so the current results – while strong – are recovering on November’s highs, leading to a slightly less exciting results period.

WINEDEPOT’s 27 additional suppliers are almost entirely New Zealand and Australian based, with the majority in South Australia.

Digital Wine Venture’s new COO

Digital Wine says its new COO, James Munn, is a “highly experienced” supply chain professional with more than two decades of experience in the warehousing and logistics sector.

He replaces former COO Steven Alexander, who has taken a general management role at Lineage Logistics.

Digital Wine Venture share price snapshot

The Digital Wine Ventures share price has been a high performer over the past 12 months, rising 1750%. It also increased 54% this month and 362.5% in 2021 so far.

More reading

• Why the Digital Wine (ASX:DW8) share price has surged 31% today
• Why AGL, Digital Wine, REA Group, & Xero shares are charging higher
• Why the Digital Wine (ASX:DW8) share price is on ice
• How eBay has sent the Digital Wine (ASX:DW8) share price up 50%

Motley Fool contributor Lucas Radbourne-Pugh 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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Peninsula Energy Ltd (ASX: PEN) shares are on the rise today after the company provided a market update. At the time of writing, the Peninsula share price is soaring 8.7% higher to 12.5 cents.

We take a look at the ASX uranium share’s latest announcement below.

What was announced?

The Peninsula share price is charging higher after the company provided an update on the MU1A low-pH field demonstration at its Lance Project in the US state of Wyoming.

Since Peninsula’s last update on 26 February, it reported it has made a number of test modifications that have delivered favourable results.

According to the release, the field demonstrations are “designed to provide key data on pattern configurations, pH adjustment, acid consumption and oxidants ahead of a decision to restart production” at the company’s project.

The latest field demonstration revealed that target pH levels were close to being achieved and the new oxidant was delivering results. This moves the company closer to its plans to recommence uranium production.

Commenting on the progress made, Peninsula’s CEO Wayne Heili said:

We are currently 8 months into the field demonstration and are happy with how it is progressing. Adjustments made since our February update have delivered positive results. We will continue to run the field demonstration through the first half of 2022 and the information gained will be invaluable as the company progresses the Lance Project toward a return to commercial production.

In further news driving the Peninsula share price, the company reported that its pilot uranium recovery circuit has been activated.

With leading world nations increasingly moving to reduce their carbon emissions in an effort to minimise global warming, uranium is gaining more attention as a potential power source. While issues like radioactive waste disposal remain a sticky point, uranium doesn’t release any greenhouse gases. That trend could provide tailwinds for ASX uranium shares such as Peninsula Energy.

Peninsula Energy share price snapshot

Despite today’s surge, the Peninsula share price remains down by nearly 11% over the past 12 months, compared to a gain of 31% on the All Ordinaries Index (ASX: XAO).

Year to date, Peninsula shares are up by around 4%.

More reading

• The Peninsula Energy (ASX:PEN) share price lifted 14% today

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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At lunch on Tuesday the S&P/ASX 200 Index (ASX: XJO) has given back the majority of its morning gains and is trading largely flat at 6,977.2 points.

Here’s what has been happening on the market today:

Zip Q3 update impresses

The Zip Co Ltd (ASX: Z1P) share price is rocketing higher today following the release of its third quarter update. During the three months ended 31 March, the buy now pay later provider continued its very strong growth. Thanks to a 195% increase in transaction numbers to 12.4 million and a 114% jump in quarterly transaction volume to $1.6 billion, Zip’s revenue grew 80% to a quarterly record of $114.4 million. The US-based QuadPay business was the star performer once again during the quarter.

Regis buys IGO’s Tropicana stake

The Regis Resources Limited (ASX: RRL) share price is in a trading halt today. It requested the halt whilst it undertakes a $650 million equity raising to fund the purchase of a 30% stake in the Tropicana Gold Project from IGO Ltd (ASX: IGO) for $903 million. The balance will be covered by a new loan facility. Regis notes that the acquisition diversifies its existing production base with a non-operated interest in a high quality, low cost, high margin gold asset. Whereas IGO advised that the divestment will allow it to concentrate on its strategic focus on clean energy.

Cleanaway share price rises

The Cleanaway Waste Management Ltd (ASX: CWY) share price is pushing higher today despite news that its acquisition of Suez Australia’s business for $2.5 billion has been terminated. It appears as though the market was far more positive on its backup acquisition of Suez’s Sydney assets for $500 million. This deal will still go ahead regardless of Suez’s merger with fellow waste management giant Veolia.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Tuesday has been the Zip share price with a 10% gain following its third quarter update. Going the other way, the worst performer has been the Perenti Global Ltd (ASX: PRN) share price with a decline of 2%. This is despite there being no news out of the mining services company today.

More reading

• Why IGO, Orocobre, Splitit, & Zip shares are charging higher
• The Orocobre (ASX:ORE) share price is climbing. Here’s why.
• Zip (ASX:Z1P) share price races 11% higher on record Q3 performance
• Regis Resources (ASX:RRL) announces $900m Tropicana Gold Project acquisition
• 2 ASX 200 shares to buy for dividends

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 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 BARD1 Life Sciences Limited (ASX: BD1) share price rocketed 9.71% on opening today after the company signed an agreement with the University of Liverpool.

The agreement is the first step towards licensing BARD1’s blood test, which the company hopes will diagnose novel type 3c diabetes. So far, the test has shown promise in preliminary testing. The ability to diagnose type 3c diabetes and other technology BARD1 currently has in the works may help diagnose pancreatic cancer.

After peaking in early trade at $3.71, the BARD1 share price has since lost ground and is now swapping hands at $3.45, up 2.37% at the time of writing. 

Let’s look closer at today’s announcement from the medical diagnostic company.

New options agreement

The options agreement between BARD1 and the University of Liverpool will evaluate 2 novel protein biomarkers.  In preliminary testing, the protein biomarkers can accurately distinguish type 3c diabetes from type 2 diabetes.

The agreement will allow the company the option to licence the intellectual property and commercialise the blood test. In return, BARD1 will pay a non-material upfront options fee and cover any patient costs incurred by the University.

BARD1 states type 3c diabetes accounts for up to 10% of new diabetes diagnoses, but it is under-diagnosed and poorly managed.

What does this mean for fighting pancreatic cancer?

Diabetes is often linked to the pancreas, where insulin is produced. Those with diabetes either don’t produce enough insulin or don’t respond well to insulin, or a combination of both.

In BARD1’s release, it stated around 10% of type 3c diabetes cases were caused by underlying pancreatic cancer. Thus, being quickly diagnosed specifically with type 3c diabetes can be of vital importance.

There is no test for pancreatic cancer, and it has a 5-year survival rate of just 10%.

One of the risk factors for pancreatic cancer, chronic pancreatitis, is the main causes of type 3c diabetes. Not to mention, a diagnosis of diabetes is another major risk factor for the cancer.

BARD1 is also investigating 2 novel approaches for screening pancreatic cancer using its technology to create a test for the cancer. 

Commentary from management

BARD1 CEO Dr Leearne Hinch commented on the technology’s potential, saying:

Currently no screening test is available for pancreatic cancer and even if there was, it would not be practical or cost-effective to screen the average-risk general population.

BARD1’s approach of developing a much-needed blood test for the detection of type 3c diabetes, which also provides a high-risk group for our screening test for pancreatic cancer, provides an ideal and clinically useful solution for both these global health problems.

BARD1 continues to deliver on its mission to develop non-invasive diagnostic tests that make a real difference to patient health outcomes in critical areas of unmet medical need including Type 3c diabetes and pancreatic cancer.

BARD1 Life Sciences share price snapshot

The BARD1 Life Sciences share price has had a ripper year on the ASX so far.

Currently, it’s up a whopping 422% year-to-date. It’s also up 360% over the last 12 months.

BARD1 has a market capitalisation of around $277 million, with approximately 80 million shares outstanding.  

More reading

• The BARD1 (ASX:BD1) share price eyes record highs after positive research results

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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