The Motley Fool

ALS Ltd shares just hit a 52-week high

Although the market sank lower on Wednesday, it didn’t stop the ALS Ltd (ASX: ALQ) share price from charging 4% higher to a new 52-week high of $8.16.

This brought the year-to-date return for the testing services company’s shares to almost 35%.

Why have its shares climbed higher?

Although there appears to be no notable news or broker reports that today’s gain can be attributed to, investors have been fighting to get hold of ALS shares since the release of a strong full-year result earlier this year.

Its shares were given a further boost in July when management provided the market with first-half guidance for FY 2018.

According to that release, ALS expects first half underlying after tax profit from continuing operations to be in the range of $70 million to $75 million.

This will be a sizeable increase on the $60 million it achieved in the first-half of FY 2017.

Rich listers know the power of dividend shares!

In FY 2018 share market investors are staring down the barrel of ballooning global debt and potential geopolitical powder keg. But thankfully one Foolish expert is revealing 5 of his favorite dividend payers for wealth-creating income whatever the global weather...

But you must act now. This updated report is available for a limited time only, and your copy is 100% free. So don’t miss out!

Simply click here to receive your free copy of "Our Top 5 ASX Dividend Shares to Earn You Money in 2018" right now.

Motley Fool contributor Motley Fool Staff 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.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!