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Specialist fashion jewellery retailer Lovisa Holdings Ltd (ASX: LOV) certainly didn’t escape the ravages of COVID-19 lockdowns unscathed.

The Lovisa share price plunged by more than 65% from 21 February through to 20 March last year. But it’s largely been uphill from there, with Lovisa shares having rocketed more than 500% from their 19 March 2020 lows.

Despite declining revenues and profits reported for the first half of the 2021 financial year, the ASX retailer ended the half year with $42.5 million cash in hand. The company also upped its interim dividend to 20 cents per share (cps), having paid 15 cps in H1 FY20.

Why one broker thinks this ASX retail share is a Buy

Speaking with LiveWire, Monash Investors’ Simon Shields said Lovisa shares are a Buy, adding, “It’s a stock we’ve been across for a long time.”

Shields said that Lovisa’s global rollout strategy is “very important”.

But we’re very confident in the rollout. When you look at the penetration in Australia and look at the lack of penetration in some of the other markets where it’s growing very quickly. And the fact that it can get its hands on quite a large store network very quickly like it did in Europe, these opportunities do come up from time to time. Every time it opens up a new store, the payback is about a year or less.

Shields went on to say that Lovisa is “a tremendous business, management’s first-class, excellent execution. And when we do our DCF, we get lots and lots of upside.”

DFC, if you’re not familiar, stands for discounted cash flow. It’s a calculation intended to value an investment today based on estimates of its future earnings.

Lovisa share price snapshot

Lovisa shares are gaining today, up 2.54% in late afternoon trade.

So far in 2021, the Lovisa share price has leapt nearly 29% higher. That compares to a 1% gain on the All Ordinaries Index (ASX: XAO).

Lovisa pays an annual dividend yield of 2.4%, 50% franked.

More reading

• ASX fashion and beauty shares shine on half-year results
• 4 ASX retail shares that Morgans thinks are a ‘Buy’
• Why these ASX shares just raced to 52-week highs or better
• Leading brokers name 3 ASX shares to buy today
• Why Costa, Lovisa, OZ Minerals, & Tyro shares are racing higher 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.

The post Why this ASX retail share is tipped as “tremendous” appeared first on The Motley Fool Australia.

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Although it is on course to end the week in the red, at one stage today the Corporate Travel Management Ltd (ASX: CTD) share price climbed to a 52-week high of $22.07.

When the corporate travel booker’s shares hit that level, it meant they were up 29% since the start of 2021.

Why is the Corporate Travel Management share price at a 52-week high?

Investors have been buying Corporate Travel Management shares this year thanks to the rollout of COVID vaccines and the release of a better than expected half year result in February.

In respect to the latter, for the six months ended 31 December, the company reported an 88% decline in total transaction value (TTV) to $403.8 million and a 75% reduction in half year revenue (excluding government grants and other income) to $56.5 million.

If you include government grants of $13.7 million and other income of $4 million, its revenue was down 67% over the prior corresponding period to $74.25 million.

This ultimately led to Corporate Travel Management posting an underlying loss after tax of $26 million and a statutory loss after tax of $36.4 million. This compares to a pre-COVID statutory profit of $32.9 million a year earlier.

Positively, Corporate Travel Management was well-positioned financially to deal with this loss. At the end of the period it had net cash of $119 million and a $178 million undrawn committed finance facility.

And given that trading conditions are improving now, Corporate Travel Management looks set to have a sizeable cash balance leftover when the pandemic passes. This could give it the firepower to make further earnings accretive acquisitions, like the Travel & Transport purchase last year.

What else is support its shares?

A positive reaction to its results by brokers has also given the Corporate Travel Management share price a boost.

For example, both Bell Potter and Credit Suisse put the equivalent of buy ratings and $22.00 price targets on its shares.

However, with the Corporate Travel Management share price now trading in and around this level, the upside could be limited in the near term until another catalyst appears.

More reading

• ASX 200 unmoved, Flight Centre soars, Afterpay keeps falling
• ASX 200 rises, Afterpay sinks, Vocus jumps
• ASX 200 Weekly Wrap: Friday carnage ruins last week of ASX earnings
• These were the best performing ASX 200 shares last week
• Why did Qantas (ASX:QAN) shares soar 4% on Tuesday?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management 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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The decision to close the Yallourn power station years ahead of schedule is getting Goldman Sachs more excited about this ASX share on its conviction buy list.

EnergyAustralia sent shockwaves through the energy market and the Morrison government when it said it will close the coal-fired power station four years ahead of forecast.

The move is backed by the Victorian state government but has riled up the federal government who warned of higher power bills.

Origin share price to benefit from Yallourn

But as the debate rages, Goldman believes the Origin Energy Ltd (ASX: ORG) share price will be a winner from the earlier Yallourn shutdown in 2028.

“In our view, the risk of accelerating coal generation closures is increasing, as the market makes room for the rapid addition of renewable generation,” said the broker.

“We expect withdrawal of Yallourn, Liddell and potentially other plants to drive upside to the current wholesale electricity price outlook.”

Yallourn could be shut before 2028

This isn’t the only noteworthy prediction made by Goldman. It also believes that Yallourn could be closed even earlier than EnergyAustralia is predicting due to the “very weak” wholesale electricity forward curve.

“Yallourn’s eventual exit requires new capacity, Origin is best placed to leverage its Mortlake peaker for increased utilitisation,” explained Goldman.

“Yallourn accounts for ~12% of peak demand requirements but more importantly the plant accounts for ~15% of FIRM Victorian generation capacity.”

ASX shares charging up from shutdown

Of course, the early retirement of Yallourn will also benefit other coal-fired power station operators. This includes AGL Energy Limited’s (ASX: AGL) Loy Yang and Baywater power plants. Origin owns the Eraring plant in New South Wales.

But the upside for the Origin share price doesn’t only come from higher wholesale electricity prices. It’s APLNG joint venture is another reason why some brokers consider this ASX share a buy.

Goldman’s 12-month price target on the Origin share price is $6.85 a share.

Foolish takeaway

The Yallourn power station employs 500 permanent staff and hundreds of contractors. EnergyAustralia plans to build a 350-megawatt utility-scale battery in the Latrobe Valley by the end of 2026, reported the Australian Broadcasting Corporation.

Given the growing number of batteries and renewable power projects in the pipeline, lithium miners like the Galaxy Resources Limited (ASX: GXY) and Orocobre Limited (ASX: ORE) share price could join Origin in the winner’s circle.

More reading

• Morgans just added this ASX 200 share to its model portfolio
• Why ASX income investors should consider this dividend ETF
• ASX 200 up 0.95%: Afterpay rises, Westpac’s APRA update, Qantas upgraded
• 435,000 Aussies bought their first shares during the pandemic
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Brendon Lau 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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It’s a tight race. And markets have yet to close for the day.

But it looks like this week’s top performer on the S&P/ASX 200 Index (ASX: XJO) is… drum roll please… Appen Ltd (ASX: APX).

Appen leads the ASX 200 for the week

With today’s intraday gain of 2.4% factored in, the Appen share price is up 12.6% this week (at the time of writing).

This week’s performance will come as welcome news to longer-term shareholders of the machine learning and artificial intelligence company.

That’s because Appen shares have been on a largely downward slide since the ASX 200 tech darling hit an all-time high closing price of $43.66 on 26 August. This means that, despite the banner week it has just enjoyed, the Appen share price remains 59% below its record highs.

What’s been putting the Appen share price under pressure?

To some extent, the recent falls in the Appen share price shouldn’t come as a surprise.

Not after it soared 150% from 23 March through to 26 August. And not when the wider tech market has come under pressure from fear of rising inflation and the potential for interest rates to rise from their current rock bottom levels.

These same fears put the NASDAQ-100 (NASDAQ: NDX) into a technical correction, with the tech-heavy index falling 11% from 12 February through to 8 March. Like Appen shares, the Nasdaq 100 bottomed out on Monday. In the past three days, it’s gained 5.1%.

Following this week’s gains, the Appen share price is trading at $17.79. That gives the ASX 200 technology share a market capitalisation of around $2.2 billion.

Appen pays an annual dividend yield of 0.6%, 50% franked.

More reading

• The Appen (ASX:APX) share price has fallen 60% from its 52-week high
• 5 things to watch on the ASX 200 on Friday
• 2 ASX tech shares to buy after the selloff
• ASX tech correction? 10 of the worst-hit shares
• ASX All Technology Index teetering on verge of a bear market

Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Appen Ltd. 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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Do you remember when the reemergence of long-absent inflation was going to tank blue chip technology shares? When government bond yields were rising and suddenly these high growth, mega-cap tech shares looked overvalued?

Of course you do. It was only a matter of days ago.

Investors fearing an imminent rise in interest rates fled some of the world’s best know tech shares. And in less than a month, from 12 February through to 8 March, the tech-heavy Nasdaq-100 (INDEXNASDAQ: NDX) plummeted 11%, putting it into technical correction territory.

Now there have only been 3 trading days in US markets since the closing bell on 8 March. And in those 3 days, the Nasdaq-100 (which contains 100 of the largest technology-related shares on Earth) gained 5.1%.  That’s just 5.5% below its all-time 12 February highs.

Another welcome reminder not to get overly hung up in the latest market angst.

What’s driving tech shares back towards record highs?

There’s no doubt that one of the biggest drivers behind the resurgent tech shares is President Joe Biden’s US$1.9 trillion COVID recovery package, which just passed its final hurdles in the United States.

Chris Gaffney, president of world markets at TIAA Bank, is extremely bullish on the outlook for shares going forward (quoted by Bloomberg):

The administration has slipped a little bit of extra fuel to the equity markets with their bill. It’s going to be rocket fuel. We’re headed to new highs because of all that stimulus money that’s being put out there and it’s more broad-based than the first couple stimulus programs.

Inflation fears have also been calmed here in Australia by Reserve Bank of Australia (RBA) governor Philip Lowe. Speaking this week, Lowe stressed the RBA almost certainly won’t move interest rates higher until at least 2024.

That’s likely helped drive our own tech index, the  S&P/ASX All Technology Index (ASX: XTX), to a 7.4% gain since lunchtime on Tuesday, 9 March.

While there are some great ASX tech shares to invest in, Aussies looking for exposure to the tech giants trading on the Nasdaq-100 can do so with an ASX listed exchange traded fund (ETF).

Namely, the Betashares Nasdaq 100 ETF (ASX: NDQ).

Betashares Nasdaq 100 ETF share price snapshot

NDQ’s top holdings include all the so-called FAANG shares, along with 95 other blue-chip, non-financial shares trading on the Nasdaq.

And long-term shareholders will have little to complain about, with shares up 37% in 12 months. Over that same time, the All Ordinaries Index (ASX: XAO) is up 31%.

Betashares Nasdaq 100 ETF share price is edging higher in intraday trade today, up 1.3%.

More reading

• Here’s why investors should like BetaShares NASDAQ 100 ETF (ASX:NDQ)
• IOUpay and Zip were among the most traded ASX shares last week
• Why this ETF could be a fantastic option for ASX investors
• Top ASX shares to buy in March 2021
• 1 great way for Aussies to get exposure to Tencent and Alibaba

Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. 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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Australia’s top brokers have been busy adjusting their estimates and recommendations again, leading to the release of a number of broker notes.

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:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $38.00 price target on this gaming technology company’s shares. The broker’s industry analysis appears to show that Aristocrat Leisure’s digital business is growing strongly. This is thanks largely to the success of its EverMerge and RAID games, which are generating strong revenues. The Aristocrat Leisure share price is trading at $34.50 on Friday afternoon.

CSL Limited (ASX: CSL)

Analysts at Morgans have upgraded this biotherapeutics giant’s shares to an add rating with a $301.10 price target. According to the note, the broker believes the recent weakness in the CSL share price has created a buying opportunity for investors. Especially given that the issues it is facing are temporary and not structural. In addition to this, while plasma collections remain tough, the broker appears optimistic that strong demand for flu vaccines will offset this. The CSL share price is fetching $253.07 on Friday.

Qantas Airways Limited (ASX: QAN)

A note out of Citi reveals that its analysts have upgraded this airline operator’s shares to a buy rating with an improved price target of $6.14. According to the note, Citi made the move following the government’s announcement of a major $1.2 billion stimulus package for the tourism sector. It expects Qantas to benefit from this development. In addition to this, Citi appears positive on Qantas’ cost cutting plans and feels it could support its shares if successful. The Qantas share price is trading at $5.29 this afternoon.

More reading

• What this broker thinks about ASX travel shares after government’s stimulus package
• ASX 200 up 0.95%: Afterpay rises, Westpac’s APRA update, Qantas upgraded
• Why the Qantas (ASX:QAN) share price could shoot higher in 2021
• 5 things to watch on the ASX 200 on Friday
• 2 outstanding blue chip ASX shares to buy right now

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 CSL Ltd. 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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Yesterday, the Federal Government announced a $1.2 billion support package that includes around 800,000 half-price airline tickets. 

News sites are reporting that the first round of travel vouchers in Victoria only lasted six minutes before allocations were exhausted at 10 am on Friday. A total of 40,000 vouchers were up for grabs, allowing Victorians to receive a $200 rebate after spending money on accommodation, attractions, and tours in regional Victoria. 

Brokers have run the ruler with new share price updates regarding how this domestic tourism stimulus package could impact ASX travel shares. 

Flight Centre Travel Group Ltd (ASX: FLT) 

Citi retained its sell rating with a $16.80 target for the Flight Centre share price. The broker doesn’t see much revenue upside from the stimulus package, noting that Australian domestic leisure accounts for approximately 9% of its pre-COVID-19 group total transaction value (TTV) and around 5% of the group’s profit. 

The Flight Centre share price rallied as much as 13% yesterday before closing 9% higher at $19.44. While its shares have given back some of its gains today, the Flight Centre share price is still around 5% higher since the news was announced. 

Qantas Airways Limited (ASX: QAN) 

Citi upgraded the Qantas share price from neutral to buy with a $6.14 target price. The broker believes that a leisure led recovery will have a negligible impact on Qantas revenues. But thinks that such a significant government investment will pressure state governments to keep borders open.  

The Qantas share price has only nudged 1.50% higher since the stimulus package was announced. 

Sydney Airport Holdings Pty Ltd (ASX: SYD) 

Citi believes the domestic tourism stimulus package will have a limited revenue impact on the Sydney Airport share price. The broker notes that the package is largely focused on domestic travel and leisure routes, which were already experiencing a recovery. 

Citi believes that the Sydney Airport share price will get a major re-rate when international travel restarts. However, the timing of this catalyst remains uncertain. The broker remains neutral rated with a $6.61 price target. 

More reading

• Brokers name 3 ASX shares to buy right now
• Why Flight Centre, Northern Star, Southern Cross Media, & Treasury Wine are sinking
• ASX 200 up 0.95%: Afterpay rises, Westpac’s APRA update, Qantas upgraded
• Can the Flight Centre (ASX:FLT) share price recover in 2021?
• Why the Qantas (ASX:QAN) share price could shoot higher in 2021

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel 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 appears the recent selloff in speculative sectors has done very little to spoil the appetite for risk for some. The fear-of-missing-out (FOMO) could be stronger than ever as we see a slight bounce back in tech shares and speculative investments like Bitcoin (CRYPTO: BTC) today.

So, have you ever felt like you are about to miss the boat on ‘the next big thing’? Well, fear not, the FOMO exchange-traded fund (ETF) may soon be listed on a US stock exchange. However, before you go FOMO into the fund, let’s take a look at what it will involve, and what risks come with it.   

Sentiment driving decisions

According to Bloomberg, FOMO will be an actively managed ETF – dabbling in everything from special-purpose acquisition vehicles (SPACs) to emerging companies of any market capitalisation.

The FOMO aspect is centred around how the fund selects its investments. Typically, an ETF would have its own criteria for investment selection that would include evaluation metrics, earnings growth rate, etc. However, this fund will employ its “proprietary tactical model” to make these decisions.

Effectively, the fund will look for investments that are ‘trending’ across different timeframes to capitalise on growing sentiment towards the asset.

Sentiment-based investments are not a new phenomenon. Many momentum investments are essentially playing on social sentiment, riding the trend upwards as people FOMO in. This is where the risk comes in. Sentiment changes, and it can change unforgivingly fast.

The danger of FOMO

There are a couple of areas of concern when looking at this type of fund. Firstly, investing based on emotion is a far cry from the tried-and-true principles of value investing. If the fund invests in assets where the sentiment has people fearing they’ll miss out, then the fund is being greedy when others are greedy.

This begs the question, will the fund be getting in on the bottom floor, or could it be entering at the top?

Secondly, the filing for the ETF notes its approach may result in a “high portfolio turnover rate”. What that really means is it will likely have high management fees. The issue with this is that the fund will have to perform exceptionally well in order to make the high fees worthwhile.

Otherwise, you’d be better off parking your wealth in a low-fee fund, such as Vanguard Australian Shares High Yield ETF (ASX: VHY).

More reading

• Why the Bitcoin price is rocketing towards new record highs again
• Warning: Latest trap that could cost you more than 3% a year
• ASX 200 Weekly Wrap: ASX finishes higher, despite tech selloff
• The simple yet incredibly effective way to generate term-deposit busting income from just one quoted ASX fund
• Cryptocurrency, autonomous vehicles, and energy efficiency are key to NVIDIA’s growth

Mitchell Lawler owns shares of Bitcoin. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Bitcoin. 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 Oneview Healthcare PLC (ASX: ONE) share price is by far one of the best performers on the ASX market today. This comes after the company announced that it has entered into an agreement with StocksDigital.

In early-afternoon trade, the healthcare technology solutions company’s shares are up an astonishing 106.2% to 16.5 cents. Almost 100 million shares have swapped hands between investors.

What’s the detail in the Oneview agreement?

The Oneview share price rocketed to a new 52-week high as investors appear upbeat about its latest announcement.

According to its release, Oneview advised that it has signed an investor awareness agreement with S3 Consortium trading as StocksDigital. This will see Oneview provided with in-depth research, commentary and investment advice services.

The company stated that this is an important measure taken as no formal research coverage had been relatively conducted. Oneview believes that this will further strengthen the balance sheet and boost investor awareness to build its profile. Indeed, this is a perfectly timed announcement as the company gears up to launch its Oneview Cloud for Enterprise globally. Sales and marketing campaigns are also planned in the near future for the United States and Australia.

The agreement, effective immediately, will run for a period of 18 months. Oneview will pay $375,000 for StocksDigital’s services and allocate 6.25 million CHESS depositary interests over fully-paid ordinary shares (CDIs).

In addition to the deal, StocksDigital and investors within its network will invest $1 million into Oneview. In return, the 16,666,666 CDIs will be allotted from Oneview to the participating investors. The offer price will be set at 6 cents apiece. This represents a discount of 18.9% on the volume-weighted average price of CDIs on the last 5 trading days.

The company plans to use the funds to achieve its growth strategy of the new Cloud platform.

About the Oneview share price

The Oneview share price has performed well over the past 12 months, gaining 117%. However, the companies shares have surged to more than 250% year to date, hitting a 52-week high of 19 cents today.

Based on the current share price, Oneview has a market capitalisation of around $65.6 million.

More reading

• ASX stock of the day: Why Advance Nanotek (ASX:ANO) shares are rocketing 7%
• Australian Unity Office Fund (ASX:AOF) share price up after $31.5 million real estate deal
• Vulcan Energy (ASX: VUL) share price up as revenue soars over 1,000%
• Morgans just added this ASX 200 share to its model portfolio
• Why the PPK Group (ASX:PPK) share price is climbing 8%

Motley Fool contributor Aaron Teboneras 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 Advance Nanotek Ltd (ASX: ANO) share price is on fire today, rocketing 7.44% at the time of writing to $4.33. Advance Nanotek shares closed at $4.03 yesterday, but opened at $4.10 this morning before surging as high as $4.50 in early morning trading (up almost 12%).

Even though the company’s share price has cooled slightly since then, it’s still a hefty move upwards. Especially if you consider this company was asking $3.40 per share as recently as 15 February. That means Advance Nanotek is up close to 30% in just under a month.

So what is this strangely-named ASX company? And why are its shares enjoying their day in the sun today?

Advancing to sunscreen

Advance Nanotek describes itself as Australia’s leading manufacturer of zinc oxide powder. It also manufactures aluminium oxide (also called alumina). The company has been around since 1997 and listed on the ASX back in 2003.

Since then, Advance Nanotek shares have had a rather wild ride. The company was trading around the $2 mark back just before the global financial crisis. But the years that followed were not kind, and the company sank as low as 8 cents per share.

However, its fortunes were revived in 2019 when it reached a new high of more than $7. An investor who made a well-timed trade buy at 8 cents per share in mid-2012 would have seen an incredible gain of nearly 9,000% by mid-2019. But there’s no use crying over spilled milk.

Zinc oxide is a chemical with widespread industrial applications (some of which aluminium oxide also share). These include as an additive in foods, medicines and cosmetics, as well as in industrial materials like batteries, concrete, paints, plastics and glass.

It is also used in sunscreens and cosmetics that offer supplementary sun protection. This is the area that Advance Nanotek specialises in. Its flagship products are ZinClear XP and ZinCare IN. There are zinc oxide dispersion solutions that are designed to be easily incorporated into the manufacturing process for toothpaste, sunscreens and sunsafe cosmetics.

What’s with the Advance Nanotek share price today?

Well, it’s not immediately obvious. There have been no major ASX announcements out of the company since mid-February. But there could be a macro factor at play here.

Back in September last year, Advance Nanotek delivered a depressing sales update to investors. At the time, it told the markets its poor sales over the previous few months were largely due to the coronavirus pandemic. More specifically “due to the significant travel restrictions caused by the second and third waves of COVID-19 in Europe and the US”.

That makes sense. If people are travelling less, it’s logical to assume they need less sunscreen.

Now yesterday, Prime Minister Scott Morrison announced a significant $1.2 billion stimulus package for the travel industry. This included a major subsidy for airline travel, also known as ‘cut-price tickets’, of which there will be 800,000.

Further, according to the ABC, this morning (our time) US President Joe Biden announced that all Americans can be vaccinated against COVID-19 by the end of April 2021.

That’s a double whammy of good news for a company that has claimed a drop in tourism has been catastrophic for its business. This could well be the reason why the Advance Nanotek share price has been popular with investors today.

More reading

• Why the Advance Nanotek (ASX:ANO) share price tumbled 12% today
• Why Advance NanoTek, Incitec Pivot, Starpharma, & Zoono are tumbling lower

Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Advance NanoTek Limited. 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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