The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from Friday’s sell-off and is up 0.6% to 5,727 points in afternoon trade.
Four shares that have climbed more than most today are listed below. Here’s why they have started the week with a bang:
The Baby Bunting Group Ltd (ASX: BBN) share price is up 5% to $1.68. On Friday the baby products retailer’s shares fell 16% after its full-year results announcement revealed that same store sales were down sharply so far in FY 2018. But with management confident that things will improve as the year progresses, it seems bargain hunters are snapping up shares today. Even after today’s gain I still see a lot of value in them.
The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price has climbed over 6% to $11.96 following the release of a solid full-year result. The regional bank reported underlying cash earnings of $418.3 million, a 4.2% increase on the prior financial year. The bank has held its final dividend firm at 34 cents fully franked. This means its shares provide a trailing fully franked 5.7% dividend.
The oOh!Media Ltd (ASX: OML) share price is 6% higher to $4.28 after the advertising company posted a 27% increase in underlying half-year EBITDA to $34 million. Furthermore, the company reaffirmed its full-year guidance of between $88 million and $92 million in EBITDA. I think this was an impressive result and could make oOh!Media worthy of a closer look.
The Primary Opinion Ltd (ASX: POP) share price rocketed 14% to 4 cents despite there being no further news out of the company. Its shares have been on a tear since last week’s announcement that former Bellamy’s Australia Ltd (ASX: BAL) CEO Laura McBain had joined the company as its managing director. Whilst this is a promising development, I think the 150% increase in its share price since the announcement has been excessive.
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.