MENU

Why Alliance Aviation Services, Appen, Gage Road, & Healthscope shares stormed higher today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back its morning gains and in afternoon trade is down slightly at 5,862.3 points.

Four shares that have not let that hold them back today are listed below. Here’s why they are ending the week with a bang:

The Alliance Aviation Services Ltd (ASX: AQZ) share price has zoomed 9% higher to $2.51 after the aviation services company confirmed that Qantas Airways Limited (ASX: QAN) has bought a 19.99% stake in the company for $60 million. Qantas advised that it “expects to ultimately seek regulatory approval from the ACCC to build on its current shareholding, with a longer-term view of taking a majority position in Alliance Airlines in order to better serve the charter market by unlocking synergies.”

The Appen Ltd (ASX: APX) share price has pushed a further 2.5% higher to $16.37. A number of Australian tech shares are posting solid gains today after the technology-focused Nasdaq index climbed higher overnight on Wall Street. Thanks to a gain of almost 12% by the Facebook share price the Nasdaq finished the session 1.4% higher.

The Gage Roads Brewing Co Limited (ASX: GRB) share price has jumped 9% to 10 cents after the brewing company released its second quarter update. During the second quarter the company experienced solid sales growth across the business. This ultimately led to first half unaudited EBITDA rising 59% on the prior corresponding period to $2.1 million. Management also advised that the first year of the Optus Stadium contract saw over 1 million litres sold at the stadium.

The Healthscope Ltd (ASX: HSO) share price has climbed 3.5% to $2.44 after the private hospital operator revealed that it has entered into an implementation deed with Brookfield Business Partners. Brookfield has offered to acquire all Healthscope shares it does not own for $2.50 per share. The Healthscope board has unanimously recommended the Brookfield transaction in the absence of a superior proposal and subject to an independent expert concluding that the scheme of arrangement is fair, reasonable, and in the best interests of shareholders.

JUST RELEASED: Our Top 3 Dividend Bets for 2019

NEW! The Motley Fool’s team of crack analysts has just released a timely report revealing the names and codes of their top 3 dividend share recommendations for 2019. Be among the first investors to get access—FREE, for a strictly limited time. You’ll discover the names of 3 hefty dividend paying companies with what our analysts consider to be solid growth prospects for the year ahead…

The first two currently offer fat, fully franked yields and the third is a surprising REIT offering you the chance to become a landlord with none of the hassle! If you’re looking for hot new ideas, look no further. But you do need to hurry. Snap up your free copy now, before supplies run out!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our top 3 dividend share recommendations right away.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Appen Ltd. 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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now