The Motley Fool

Why the Aveo share price rose 10%

The best performer in the ASX 200 today was the share price of Aveo Group (ASX: AOG), it climbed over 10%.

Aveo responded to recent media coverage relating to the retirement community business’ strategic review.

In August 2018 Aveo launched the strategic review with a particular focus on closing the value gap between Aveo’s listed securities and the underlying value of Aveo’s retirement properties.

Aveo announced it established an Independent Board Committee at the end of November 2018 to consider and respond to interested parties.

A couple of months ago Aveo announced it had received a number of indicative, non-binding bids to acquire the whole Aveo business. Due diligence by the parties is continuing and Aveo reminded investors there is no certainty an acceptable offer will eventuate.

The Aveo IBC chairman Walter McDonald said “The IBC’s focus continues to be to act in the best interest of all securityholders by progressing the process with a view to closing the value gap between Aveo’s listed securities and the underlying value of our market-leading retirement properties.

One ASX Stock For An Estimated $US22 Billion Marijuana Market

A little-known ASX company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $US22 billion.

Cannabis legalisation is sweeping over North America, and full legalisation arrived in Canada in October 2018.

Here's the best part: we think there's one ASX stock that's uniquely positioned to profit immensely from this explosive new industry... taking savvy investors along for what could be one heck of a ride.

AND, this is the first time The Motley Fool Australia has EVER put a BUY recommendation on a marijuana stock.

Simply click here to learn more on how you can profit from the coming cannabis boom.

Motley Fool contributor Tristan Harrison has no position in any of the 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 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