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The Althea Group Holdings Ltd (ASX: AGH) share price is tearing higher this morning after the company posted a record monthly sales result.

At the time of writing, Althea shares are swapping hands for 46 cents per share, giving the company a market capitalisation of $118 million.

Why is the Althea share price surging?

This morning, the Aussie medicinal cannabis company provided an update on its Australian and UK operations.

Althea recorded a 40% month-on-month (MoM) increase in group sales to $1,190,473 in December 2020. That represents the first time that monthly sales have exceeded $1 million for the company.

Australian sales surged to an all-time high, up 22% MoM to $902,466 in December 2020. Althea Australia recorded its highest average number of new patients and new healthcare professionals per business day of 45.5 and 2.7, respectively.

The Althea share price has jumped 4.5% in early trade on the news, with Althea’s UK operations also recording a strong result.

Althea’s UK sales jumped 90% from November 2020 to total of $209,706 last month. That represented 18% of Althea’s total revenue for the month of December as the company continues to focus on the “growing market”.

Althea CEO Josh Fegan said Althea was “extremely pleased” to close out the “challenging” year on a high. 

Shares in the Aussie medicinal cannabis company are down 4.3% in the last 12 months having climbed as high as 67 cents per share in September 2020.

Today’s update follows the announcement of a supply and distribution agreement on 23 December. Althea entered into an agreement with Lyphe Group for the supply and distribution of Althea products in the UK and Jersey. Lyphe Group is a UK provider of patient focused medicinal cannabis care and medicine. 

The new agreement is for an initial term of 12 months with an option to extend for further terms by agreement.

Foolish takeaway

The Althea share price is one to watch after jumping 4.5% higher to start the day following the bumper sales result.

More reading

• Are these 4 ASX medical shares set for a healthy 2021?
• Why the Althea (ASX:AGH) share price will be on watch today
• 5 top ASX cannabis shares in 2020
• Why the Althea (ASX:AGH) share price is sinking 6% lower today
• Althea (ASX:AGH) share price drops lower despite major announcement

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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The Liontown Resources Limited (ASX: LTR) share price has climbed in early trade today after the company announced a major update on its lithium-tantalum project in Western Australia.

The Liontown share price is trading up 4.4% at 47.5 cents at the time of writing..

What was announced this morning

The lithium miner says the next stage is now set on its 100% owned Kathleen Valley Lithium-Tantalum Project, and it will begin to conduct a definitive feasibility study (DFS).

To conduct this study, the company will engage several credentialed consultants including Lycopodium Minerals for process engineering and Snowden Mining for mine engineering. Knight Piésold will take care of tailings and hydrogeological engineering, MBS Environmental for environmental work, and ALS Metallurgy for metallurgical testing.

Liontown also reported that it has completed further geotechnical and water exploration drills to acquire data required to complete the DFS.

This geotechnical drilling was made up of six diamond core holes totaling 1,312m, and was designed to provide rock quality data for the proposed underground portals.

Data obtained so far from the holes have indicated good conditions for underground mining, and are consistent with previous drilling conducted at the pre-feasibility study (PFS) stage.

The assay data from these holes will be used to upgrade its mineral assets category – from Estimate to the Indicated category. This will subsequently be moved to the Reserves category after the completion of the DFS.

Liontown advised that further metallurgical test work on approximately 3 tonnes of material will also be conducted. This is done in order to provide the DFS with data on variability, grind size optimisation and comminution.

About the Kathleen Valley project

The Kathleen Valley Lithium-Tantalum Project is 100% owned by Liontown, and located in the north eastern goldfields of Western Australia, approximately 400km north of Kalgoorlie.

The mine is strategically located with well-established transport and energy infrastructure in place.

The company acquired the project in 2017. So far, it has drilled 461 RC and diamond core holes for a total of 89,066m, with the aim of producing lithium hydroxide or lithium sulphate.

About the Liontown share price

The Liontown share price is one of the strong performers in 2020, rising by 278%.

The lithium mining company was among the best performers in the All Ordinaries (ASX: XAO) during 2020.

The share price has continued its upward trend in 2021, increasing by 9.5% so far this year.

Liontown commands a market cap of $822 million.

More reading

• Here are the best All Ordinaries performers of 2020

Motley Fool contributor Eddy Sunarto 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 Sayona Mining Ltd (ASX: SYA) share price has returned from its trading halt and is rocketing higher on Monday.

At the time of writing, the emerging lithium miner’s shares are up 100% to 2.8 cents.

Why is the Sayona Mining share price rocketing higher?

Investors have been fighting to get hold of the company’s shares this morning after it announced a deal with fellow lithium miner Piedmont Lithium Ltd (ASX: PLL).

According to the release, the two companies have signed a strategic partnership that will accelerate the development of Sayona’s lithium projects in Québec, Canada.

Under the agreements, Piedmont will acquire an initial 9.9% equity interest in Sayona and two unsecured convertible notes for US$7 million. The latter would see Piedmont Lithium issued a further 10% equity interest in Sayona upon conversion.

In addition to this, Piedmont will invest approximately US$5 million in cash for a 25% stake in Sayona Québec.

Sayona’s management notes that the funding will help advance its growth plans in the province, including its flagship Authier Lithium Project, the emerging Tansim Lithium Project, and the creation of a lithium hub in Québec’s Abitibi region.

Offtake agreement.

The two companies have also agreed a binding offtake arrangement under which Piedmont Lithium will acquire up to 60,000 tonne per annum of spodumene concentrate or 50% of Sayona Québec’s production, whichever is greater.

The supply agreement is for Sayona Québec’s life‐of‐mine operations and is based on market pricing, with a minimum price of US$500 per tonne and a maximum price of US$900 per tonne on a delivered basis to Piedmont’s planned lithium hydroxide plant in North Carolina.

However, the supply agreement is conditional upon Piedmont and Sayona agreeing to a start date for spodumene concentrate deliveries between July 2023 and July 2024, based on the development schedules of both parties.

Piedmont Lithium’s President and CEO, Keith D. Phillips, commented: “Piedmont is building a world‐class spodumene‐to‐hydroxide business in North Carolina, and we are now very pleased to be partnering with Sayona to advance a similar business in Québec.”

“Québec is destined to become one of the world’s major lithium hydroxide production centres given its abundant mineral resources, low‐cost, sustainable hydroelectric power, proximity to major U.S. and European electric vehicle markets, and pro‐electrification stance of provincial leaders.”

“This is a very exciting step for Piedmont, and we look forward to supporting Sayona’s team as they drive day‐to‐day activities in Québec, while Piedmont’s team focuses on its core interests in North Carolina,” he concluded.

Sayona’s Managing Director, Brett Lynch, echoed this sentiment.

He said: “Piedmont has shown tremendous vision in creating a base in North Carolina, a centre of lithium hydroxide production in the United States, and has secured significant supply agreements with leading EV makers.”

“I am delighted to welcome Piedmont as a strategic partner. This agreement will underwrite the future of our Authier project, expedite our growth plans in Québec including our bid for North American Lithium, and enhance access to the U.S. market and investors,” Mr Lynch added.

More reading

• Here’s why the Splitit (ASX:SPT) share price is surging 7% higher today
• Why the CV Check (ASX:CV1) share price is charging 8% higher
• These are the 10 most shorted shares on the ASX
• Fundies reveal 2 great ASX shares to buy for 2021
• Why the Summerset (ASX:SNZ) share price is in focus today

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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In early trade on Monday the Splitit Ltd (ASX: SPT) share price is pushing higher.

At the time of writing, the buy now pay later provider’s shares are up 7% to $1.39.

Why is the Splitit share price pushing higher?

Investors have been buying the company’s shares this morning after it announced the signing of an agreement with tech giant Google in Japan.

According to the release, for the first time ever, Google customers will be able to use instalment plans to make purchases from the Google Store in Japan.

In the coming weeks, customers purchasing Google’s new 5G phone, the Pixel 5, or Nest devices from the Google Store, will be able to split their payments into equal monthly instalments.

The Afterpay Ltd (ASX: APT) rival has, however, warned that the materiality of the agreement with Google in Japan is unknown “due to the variable nature of revenues which are dependent on customer uptake of specific products.”

Asian opportunity.

Splitit’s CEO, Brad Paterson, commented: “This is one of the strongest case studies yet of our unique offering. We are working with Google in its effort to provide the best possible experience for its customers, and the seamless integration of Splitit into Google Store Japan means they never have to leave the platform.”

Mr Paterson appears to believe that Japan is a great fit for Splitit due to the high prevalence of credit card use in the country.

He explained: “Splitit is the only instalment provider to service the huge credit card industry, with 68% of adults in Japan holding a credit card, the highest in Asia. Splitit does not issue new credit to consumers, but rather allows existing credit card holders to make higher value purchases more easily, without incurring additional costs or fees. We are excited to allow Google customers to use their existing credit to pay for their new Pixel 5, Nest or Chromecast products.”

“This partnership marks the next phase in our expansion into Asia as we continue to grow our footprint with our global platform” he concluded.

More reading

• ASX sector of the year: BNPL goes from strength to strength
• Here are 6 of the top performing ASX fintech shares of 2020
• Here’s how ASX buy now, pay later (BNPL) shares have performed in 2020

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The CV Check Ltd (ASX: CV1) share price has started the week strongly.

In morning trade the online integrated screening and verification company’s shares are up 8.5% to 19 cents.

This latest gain means the CV Check share price is now up 72% over the last six months from 11 cents.

Why is the CV Check share price charging higher?

Investors have been buying the company’s shares this morning following the release of its second quarter update.

According to the release, CV Check booked a record $3.5 million of revenue in the second quarter, which was up 12% on the prior corresponding period. The majority of this was from its B2B business, which generated revenue of $2.7 million.

This led to the company delivering record half year revenue of $7 million and over $10.2 million in annualised recurring revenue (ARR). Management advised that this was driven by new client wins coupled with recovering order flow from established customers.

Pleasingly, the company was modestly cash flow positive in the second quarter, leading to it ending the period with a cash balance of $5.2 million and no debt. Some of this was attributable to $0.1 million in COVID-19 assistance early in the second quarter. However, the company does not anticipate further such receipts given the improved trading conditions.

The company’s Chief Executive Officer, Rod Sherwood, was very pleased with the second quarter and first half performance.

He commented: “CV1 revenues surged during the second quarter to set all-time company records for a quarter, for a half year and for a booked 12-month ARR figure. We will provide a more comprehensive update on the quarter in coming weeks.”

No comments were made on the company’s expectations for the second half. This is likely to be provided to investors with the release of its audited first half results in February.

More reading

• These are the 10 most shorted shares on the ASX
• Fundies reveal 2 great ASX shares to buy for 2021
• Why the Summerset (ASX:SNZ) share price is in focus today
• Why Newcrest (ASX:NCM) and Northern Star (ASX:NST) shares could crash lower today
• 2 quality ASX dividend shares with 6%+ yields

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended CV Check Ltd. 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 the start of each week I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Webjet Limited (ASX: WEB) is still the most shorted share on the ASX despite its short interest easing slightly to 14.5%. Short sellers don’t appear to believe the worst is over for the online travel agent due to the disruption being caused by COVID-19.
• Tassal Group Limited (ASX: TGR) has seen its short interest rise to 11.9%. There are concerns that the salmon producer could become a victim of the trade war between China and Australia.
• Mesoblast limited (ASX: MSB) has seen its short interest ease to 9.3%. This biotech company’s shares have come under pressure recently after the release of a series of very disappointing updates. This has sparked fears that a capital raising may be required to keep its operations running.
• Speedcast International Ltd (ASX: SDA) still has short interest of 9.3%. The communications satellite technology provider’s shares have been suspended for around a year as it undertakes a recapitalisation.
• Inghams Group Ltd (ASX: ING) has 8.5% of its shares held short, which is up week on week. The poultry producer struggled in FY 2020 because of rising input costs and an unfavourable sales mix caused by COVID-19. It appears as though some don’t believe FY 2021 will be better.
• InvoCare Limited (ASX: IVC) has short interest of 8.2%, which is up slightly week on week. This funerals company is believed to be losing market share to rivals. If this is due to prices, then there are fears a price war could ensue.
• Myer Holdings Ltd (ASX: MYR) has seen its short interest ease to 8%. This department store operator was a very poor performer in FY 2020 because of the pandemic. There are fears that FY 2021 could be weak as consumer habits change.
• A2 Milk Company Ltd (ASX: A2M) has seen its short interest rise to 8%. Short sellers don’t appear to believe the weakness in the daigou channel will be a quick fix. A2 Milk downgraded its guidance recently to reflect a sharp drop in daigou sales.
• Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest rise fall to 7.8%. Concerns that the travel market could take longer to recover than hoped appears to be weighing on Flight Centre’s shares.
• Metcash Limited (ASX: MTS) has short interest of 7.7%, which is down slightly week on week. Short sellers have been targeting this wholesale distributor despite its very strong performance over the last few months.

More reading

• 3 ASX dividend shares with yields above 5%
• Mesoblast (ASX:MSB) share price could be facing more pressure in 2021
• The Flight Centre (ASX:FLT) share price dropped 60% in 2020: Will 2021 be better?
• Bell Potter names the ASX shares to buy in 2021
• Do ASX mining companies carry the Australian share market?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended A2 Milk and Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and InvoCare 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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Some of the country’s top fund managers have revealed some great ASX share picks for 2021.

There was a huge amount of disruption in 2020 due to the COVID-19 pandemic.

These businesses have been identified by fundies as among the best opportunities:

Corporate Travel Management Ltd (ASX: CTD)

Olivia Salmon from fund manager outfit Lennox Capital picked Corporate Travel Management. According to the ASX, it has a market capitalisation of $2.3 billion.

Corporate Travel Management describes itself as a global leader in business travel management services. It says it drives savings, efficiency and safety to businesses and their travellers all around the world. The company claims that for every dollar spent on its travel management services, the company will return more to the client in savings. It does this with global buying power, it shows the cheapest time to travel and the most effective travel policies. It also has a focus on efficiencies across the process.

Ms Salmon said that Corporate Travel Management was Lennox Capital’s number one ASX share pick for the re-opening trade when the fund manager became bullish on shares again.

The fundie believes that the market’s fears that Zoom calls or phone calls will be the way of the future and no-one will travel anymore, is overblown.

It’s Ms Salmon’s opinion that business travel will probably be the first to rebound and this is a central part of the business. She said that business people need to go out, meet companies, kick the tyres and press the flesh with people.

The fundie thinks as soon as people feel safe enough to start flying again, that pent up demand they’ve had for the last year will come through in business travel.

In FY20 Corporate Travel generated $65 million of underlying earnings before interest, tax, depreciation and amortisation (EBITDA) and underlying net profit of $32 million before one-off items. The statutory result from the ASX share was a loss of $8.2 million.

A couple of months ago the ASX share announced that it was acquiring Travel & Transport, a North American corporate travel business – in the 2019 calendar year this business generated total transaction value (TTV) of $4 billion.

According to Commsec, the Corporate Travel Management share price is valued at 19x FY23’s estimated earnings.

Primewest Group Ltd (ASX: PWG)

David Allingham from fund manager Eley Griffiths Group picked Primewest as the ASX share pick of 2021.

Primewest operates in the real estate funds management sector. The ASX share says this involves sourcing, acquiring, managing and disposing of real estate assets on behalf of investors. Real estate funds management is attractive to private high-net-worth and institutional investors because it allows these investors to acquire an interest in larger assets or diversify their investment exposure, which might not be possible if an investor invested directly.

Mr Allingham said Primewest is off the radar, under-researched, under-covered and illiquid. Around 80% of the issued capital is still owned by its founders, the fundie said that the founders are entrepreneurial with vast property experience.

Eley Griffiths is attracted to how Primewest has grown its funds under management (FUM) from $2 billion up to about $5 billion in the last couple of years. The fundie said that the ASX share has grown very strongly and can keep aggressively growing in time.

Mr Allingham also said that it has $50 million of net cash on the balance sheet, so it’s very conservatively geared. He also said he sees “very little downside risk in the stock at this price around the $1.15-$1.20 level. This stock was trading a $1.40 prior to the COVID-19 crisis. We think this company has a very long runway for growth, and with very little downside risk. We really like this stock and it is the largest position in our emerging companies fund.”

More reading

• Why Atomos, Corporate Travel Management, Fortescue, & Nick Scali are dropping lower
• My biggest regrets from 2020
• Why Corporate Travel Management, Link, Strike Energy, & Sydney Airport are dropping lower
• The ASX sectors hardest hit by COVID-19 in 2020
• Primewest (ASX:PWG) share price falling despite asset addition

Motley Fool contributor Tristan Harrison 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 Summerset Group Holdings Ltd (ASX: SNZ) share price is one to watch today after the release of a fourth quarter trading update from the New Zealand aged care operator.

Why is the Summerset share price on watch?

The Kiwi company operates retirement villages and provides aged care services across New Zealand and is dual-listed on New Zealand’s exchange (NZX). 

Summerset reported 296 sales of occupation rights for the quarter ended 31 December 2020, including 176 new sales and 120 resales.

A sale of occupation rights refers to the sale of the rights to live in an aged care residence for a defined period of time.

The latest fourth quarter 2020 numbers represented the strongest quarterly sales result in Summerset’s 23-year history.

Summerset CEO Julian Cook also noted the strong pipeline of sales ahead in the first quarter of 2021.  Mr Cook said 2021 pre-sales were “encouraging” with strong sales results in many of its new villages.

The Summerset share price has jumped 39.2% higher in the last 12 months, despite coronavirus restrictions. Shares in the Kiwi retirement village operator plummeted in the March 2020 bear market but have recovered strongly.

In fact, the Summerset share price closed last week just shy of its $12.06 record high set on 4 January 2021.

The group currently has a $2.7 billion market capitalisation with a price to earnings (P/E) ratio of 34.1 and a 1.03% dividend yield.

How do Aussie aged care operators stack up?

While the Summerset share price has been surging higher, Aussie aged care shares struggled to climb in 2020.

The Estia Health Ltd (ASX: EHE) share price is down 32.2% in the last year to $1.70 per share ($442.9 market capitalisation).

It was a similar story for fellow ASX-listed competitors Regis Healthcare Ltd (ASX: REG) and Japara Healthcare Ltd (ASX: JHC).

The Regis share price has slumped 25.9% lower in 12 months while Japara shares are down 33.3% to $0.68 per share.

Foolish takeaway

The Summerset share price will be one to watch in early trade after this morning’s strong sales update. 

More reading

• Leading brokers name 3 ASX shares to sell today
• Why Afterpay, DEXUS, Integrated Research, & Regis Healthcare are dropping lower
• Top brokers name 3 ASX shares to sell today

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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It could be a difficult day of trade for gold miners such as Evolution Mining Ltd (ASX: EVN), Newcrest Mining Limited (ASX: NCM), and Northern Star Resources Ltd (ASX: NST) on Monday.

This follows a disappointing end to the week for the gold price on Friday.

What happened to the gold price?

According to CNBC, traders were selling safe haven assets such as gold and silver on Friday.

This led to the gold futures price sinking a sizeable 4.1% to US$1,835.40 an ounce and the silver price falling by an even greater 9.6% to US$24.64 an ounce.

Things weren’t much better for fellow precious metal, platinum, which shed 4.5% of its value on Friday night.

Why did the gold price sink lower?

Market analysts believe this weakness is attributable to traders giving up on their safe haven trade now that political risks are subsiding in the United States.

Edward Moya, senior market analyst at OANDA, told CNBC: “Gold is having a major fundamental shift for many investors and they’re starting to abandon their safe haven trade. You’re probably going to see that the Treasury market sees some strong flows and that’s taking away some of the appeal from gold.”

Bart Melek, head of commodity strategies at TD Securities, notes that the Democrats taking control of the U.S. Senate has raised bets for large stimulus. This has lifted the benchmark 10-year bond yield to its highest level since March.

Melek said: “We’re going to see a lot more of stimulus and that ultimately moved interest rates higher.”

Some analysts also believe that investors could have diverted funds to Bitcoin, which has been on fire since the start of the year.

But whatever the reason for the weakness, one thing that is for sure, is that Saracen Mineral Holdings Limited (ASX: SAR) and fellow gold miners are likely to start the week deep in the red.

More reading

• 5 things to watch on the ASX 200 on Monday
• Why these leading ASX gold and tech shares could rally on through 2021
• 5 things to watch on the ASX 200 on Friday
• Is the “Blue Wave” of US Democrats good or bad for ASX investors?
• Do ASX mining companies carry the Australian share market?

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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With the interest rates on term deposits falling to ultra low levels, it is becoming very difficult for investors to generate a sufficient passive income.

Fortunately, there are a good number of dividend shares that can replace your term deposits and provide you with generous yields.

Two to consider are listed below. Here’s what you need to know about them:

BHP Group Ltd (ASX: BHP)

BHP is one of the world’s largest miners with a portfolio of world class and low cost operations across the globe.

It looks well-placed to deliver a very strong result in FY 2021 thanks to the stellar rise in iron ore and copper prices over the last 12 months. In addition to this, with oil prices climbing to their highest levels since February on Friday, things are looking a lot more positive for the company’s petroleum business.

Analysts at Macquarie are positive on the company and have an outperform rating and $46.00 price target on its shares. The broker is forecasting a fully franked ~$3.85 per share dividend in FY 2021. Based on the current BHP share price, this represents an 8.2% dividend yield.

Westpac Banking Corp (ASX: WBC)

Another ASX share expected to provide investors with a generous dividend yield in 2021 is Westpac.

After a seriously tough year in 2020, things are looking a lot more positive for the banking giant in 2021. This is thanks to falling COVID loan deferrals, an improving housing market, the relaxing of responsible lending rules, and APRA allowing unrestricted dividend payments.

It is thanks to the latter that analysts at Morgans are now forecasting a $1.24 per share fully franked dividend from the bank in FY 2021. Based on the current Westpac share price, this represents a 6.1% yield. Morgans has an add rating and $23.50 price target on its shares.

More reading

• Interest rates could be at ultra low levels for years, so buy this ASX dividend share
• ASX 200 up 0.4%: Afterpay & Zip charge higher, NAB rises, Harvey Norman hits new high
• Do Australian consumers care about chaos?
• 5 things to watch on the ASX 200 on Friday
• ASX 200 rose 1.6%

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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