Here’s why these 4 ASX shares are climbing higher today

The S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) has followed the lead of international markets and is lower by 0.7% to 5,547 points in early afternoon trade.

There have been four shares in particular which have been going against the grain today and so far posted reasonably strong gains. Here’s why:

Capitol Health Ltd (ASX: CAJ) has bounced back from yesterday’s huge decline with a 4% gain to 13.5 cents. Yesterday the diagnostic imaging company’s share price dropped as much as 20% following the release of its preliminary full year results which revealed that it expects to make a net loss before tax of $3.2 million. It would appear that some investors believe its shares were oversold yesterday and have been buying the dip. But with profits falling and its debt increasing, I would avoid this one as I believe a capital raising down the line is a possibility.

Capitol Health’s share price has dropped 81% in the last 12 months.

Credit Corp Group Limited (ASX: CCP) shares are up over 7% to $14.45 after the debt collector and small loan provider revealed its full year results to the market. The company delivered net profit of $45.9 million on sales of $226.7 million for FY 2016. This was an excellent year-on-year increase of 20% and 19%, respectively. With management providing a very positive outlook for FY 2017, it’s no surprise to see the share price rocket higher today.

Credit Corp shares are up 44% in 2016.

Helloworld Ltd (ASX: HLO) shares have jumped almost 5% to $3.32 despite there being no news out of the company today. A strong start to the week means its shares have now retraced almost all of Friday’s inexplicable 6.5% decline. The current share price is still some way off the $4.01 price target Bell Potter placed on it at the start of July, which could make it an interesting long-term investment option.

Helloworld’s share price has climbed 66% in the last three months.

Pepper Group Ltd (ASX: PEP) has continued its good start to the week with a gain of over 3% to $2.68 today. Investors appear to have reacted positively to Friday’s announcement that it has formed a joint venture with Madrid-based Banco Popular to provide unsecured consumer loans in Spain. Although unsecured loans can be a risky area to operate in, it certainly could prove to be a boost to revenue growth if the company can make a success of it.

Pepper Group’s share price is still down 23% in 2016.

Before investing $10k in any of these shares I would highly recommend having a read about how one man turned that investment into over $8 million.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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