Why Boral, Integrated Research, Swick, & Swoop shares are pushing higher

These ASX shares have started the week strongly…

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Blue light arrows pointing up, indicating a strong rising share price

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The S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a sizeable decline. In late morning trade, the benchmark index is down 1.6% to 7,248.1 points.

Four ASX shares that have not let that hold them back today are listed below. Here’s why they are pushing higher:

Boral Limited (ASX: BLD)

The Boral share price is up 1.5% to $6.88. This morning the building products company announced that it has entered into an agreement with a subsidiary of Westlake Chemical Corporation to sell its North American Building Products business for US$2.15 billion (~A$2.9 billion). This is expected to lead to a significant surplus in capital, which could be returned to shareholders via a distribution.

Integrated Research Limited (ASX: IRI)

The Integrated Research share price is up 3% to $1.96 following the release of a trading update. This morning the user experience and performance management solutions provider advised that it expects its second half performance for FY 2021 to be significantly improved on the first half. Integrated Research expects its profit after tax to be in the region of $4 million to $7 million, up from $0.1 million in the first half.

Swick Mining Services Ltd (ASX: SWK)

The Swick Mining share price has jumped 20% to 19 cents. This morning the drilling services company revealed that its strong performance has continued in the second half. As a result, it expects full year revenue to be between $153 million and $156 million, with EBIT coming in between $14 million and $16 million. This compares to an EBIT loss of $2.8 million in FY 2020.

Swoop Holdings Ltd (ASX: SWP)

The Swoop share price is up 3% to 94 cents. This follows news that the junior telco has signed an agreement to acquire 100% of Victoria-based wireless broadband provider, Kallistrate (Speedweb). Swoop will pay a consideration of $1.75 million, comprising $1.225 million in cash and $525,000 in Swoop shares.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Integrated Research Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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