MENU

Why these 4 ASX shares have climbed higher today

It has been another strong day for the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). Thanks to gains in the telco sector the index is up 0.2% to 6,364 points in afternoon trade.

Four shares that are performing better than most today are listed below. Here’s why they are climbing higher today:

The MotorCycle Holdings Ltd (ASX: MTO) share price has risen over 6% to $3.40 after the motorcycle dealership group released its full year results after the market close on Wednesday. Thanks to the acquisition of the Cassons business and the expansion of its dealership network, MotorCycle Holdings posted a 36% increase in underlying EBITDA to $19.8 million. However, underlying NPAT fell 2% to $9.1 million due to the impact of acquisition costs.

The Noni B Limited (ASX: NBL) share price has jumped 8% to $3.36 a day after the release of its full year results. The initial reaction to Noni B’s results on Wednesday was rather subdued, but investors have been fighting to get hold of its shares today. The catalyst for this may be a broker note out of Morgans which revealed that its analysts have retained their add rating and increased the price target on the retailer’s shares to $3.94.

The Speedcast International Ltd (ASX: SDA) share price has rebounded almost 6% higher to $4.20. News that three of the company’s directors have been buying shares on-market over the last 24 hours appears to have been the driver of this gain. Prior to today Speedcast’s shares were down over 40% this week after its shares were sold off due to management cutting its full year guidance.

The TPG Telecom Ltd (ASX: TPM) share price has rocketed over 15% higher to $9.08 after it came to an agreement with Vodafone Australia over a planned merger. The shares of Hutchison Telecommunications (Aus) Ltd (ASX: HTA) have surged a remarkable 48% today on the back of this news.

OUR #1 dividend pick to grow your wealth now is revealed for FREE here!

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended TPG Telecom Limited. 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 Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!