The Westpac Banking Corp (ASX: WBC) share price is looking good, at least according to some experts.

At the close of trade on Friday, shares in one of Australia's 'big 4' banks were at $25.67 – down 2.14%. For context, the S&P/ASX 200 Index (ASX: XJO) had a monster of a day. It ended yesterday 1.44% lower.

Let's take a closer look.

Why experts are seeing upside in the Westpac share price

Fairmont Equities managing director Michael Gable was previously reported by Motley Fool on how he believes the Westpac share price would be about to "break out".

"What's interesting is that we had a share price peak in June," he told Finance News Network.

"As it tried to recover, instead of it being sold back down … it's just managed to head sideways. This is a good sign."

Gable believes once the recent $25.74 resistance level is breached, Westpac shares could gain momentum upwards. This has already occurred.

As well, analysts at Morgans think a Westpac share buyback is "likely".

The bank is scheduled to release its full-year results on November 1 and Morgans is urging investors to buy.

"WBC is our preferred major bank," said Morgans. "We expect WBC to announce a $5bn off-market share buyback on 1 November and we expect investors to increasingly warm up to WBC's medium-term cost out story."

The broker has an add rating on the Westpac share price with a price target of $29.50 a share.

What else has happened recently?

Westpac has also announced changes to its board.

In a statement to the ASX, Westpac announced Steve Harker's retirement from the board. Harker joined the board in March 2019.

Westpac Chair John McFarlane said at the time:

On behalf of the board, I would like to thank Steve for his considerable contribution to Westpac, in what has been a challenging time for the company.

Early this year, Steve signalled he was considering retiring from the board as he requires a double lung transplant and wants to focus on his health. We commend Steve for his professionalism and commitment to shareholders throughout his tenure and wish him a fast recovery.

Westpac share price snapshot

Over the past 12 months, the Westpac share price has increased 43%. Year-to-date, shares in the company are 32.52% higher.

Its 52-week high is $27.12 and its 52-week low is $17.18.

Westpac Banking Corp has a market capitalisation of approximately $95 billion.

The post Could the Westpac (ASX:WBC) share price be about to take off? appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous owns shares of Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

The Crown Resorts Ltd (ASX: CWN) share price is in the red. It comes despite the casino operator settling its class action launched by shareholders.

At the time of writing, shares in Crown are trading for $9.94 – down 1.68%. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.71% lower.

Let's take a closer look.

Crown class action conundrum closed

In a statement to the ASX, Crown announced it had "reached an agreement to settle the shareholder class action commenced against it on 4 December 2017 in the Federal Court of Australia".

Crown disclosed the total settlement amount at $125 million inclusive of interest and costs.

The settlement is still subject to Federal Court approval, as well as other conditions. Crown did not admit to any liability as part of the settlement.

Crown says it expects to recover a "significant portion of the settlement amount from its insurers but cannot at this stage be certain about the outcome of negotiations with insurers, or the outcome of any necessary formal steps for recovery it may need to take."

The class action was launched, alleging Crown "engaged in misleading or deceptive conduct from December 2014 through to October 2020".

The Crown share price fell on the news.

What else has affected the Crown share price recently?

The biggest story affecting Crown this week was the news the Victorian government would not strip its Melbourne casino of its gaming licence, in line with the recommendations of the Royal Commission into the company.

The Crown share price rocketed over 10% on the news.

As The Motley Fool reported at the time, the 8-month royal commission uncovered what Commissioner Ray Finkelstein described as "disgraceful" conduct. However, the company's recent reforms have inspired hope it could be suitable to run Crown Melbourne in the future.

Commissioner Ray Finkelstein said in his final report

"It was inevitable that Crown Melbourne would be found unsuitable to hold its casino licence. No other finding was open. The only difficult question was what should be done in that circumstance."

However, Crown was not entirely left off the hook. It was essentially placed on a 2-year probation by the Andrews Government. The company must appoint a special manager to oversee its activities. If the special manager is not satisfied Crown is fully reformed, its licence will be automatically cancelled.

Crown share price snapshot

Over the past 12 months, the Crown share price has increased 18.9%. Year-to-date, however, shares in the company are only up 0.51%.

Its 52-week high is $13.32 – at the height of takeover speculation, and its 52-week low is $8.22.

Crown Resorts has a market capitalisation of about $6.7 billion.

The post Crown (ASX:CWN) share price wobbles despite class action settlement appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

The Origin Energy Ltd (ASX: ORG) share price is trending downwards. The negative price movement comes after the energy company released its first-quarter update for FY22.

At the time of writing, shares in Origin are trading for $5.05 – down 1.37%. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.66% lower.

Let's take a closer look.

Why the Origin share price is dipping

In a statement to the ASX, Origin Energy gave an update on its trading and production levels.

• Australia Pacific Liquified Natural Gas (APLNG) production and sales volumes for the quarter were stable compared to the June quarter "despite planned downstream shutdown during the period".
• APLNG commodity revenue increased 25% on the prior quarter and 69% on the corresponding 2020 quarter, primarily driven by higher realised oil prices.
• Electricity sales volumes were up 3% compared with the corresponding 2020 quarter. Retail volumes were "flat" with higher residential demand offset by lower usage due to solar and energy efficiency. However, natural gas sales were 7% lower.
• There was a 6% increase in business volumes due to net customer wins, which "more than offset" COVID-related losses, according to the company.

These mixed results aren't impressing investors, at least judging by the falling Origin share price.

Management commentary

Origin CEO Frank Calabria said:

The rebound in global commodity prices drove a significant increase in revenue at Australia Pacific LNG for the quarter.

The announcement to sell a 10 per cent interest in Australia Pacific LNG represents an opportunity for Origin to crystalise some of the significant value we have created in this world-class asset, while retaining a substantial shareholding and our role as upstream operator.

In Energy Markets, our electricity volumes increased with net business customer wins and higher residential usage, offsetting lower demand from business and commercial customers due to a downturn in economic activity across many sectors.

Origin share price snapshot

Over the past 12 months, the Origin share price has increased 25.8%. Year-to-date, the company's shares appreciated only 4.7%.

Its 52-week high is $5.48 and its 52-week low is $3.87 per share.

Origin Energy has an approximate market capitalisation of $8.9 billion.

The post Origin (ASX:ORG) share price slides on mixed energy market sales appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

The Marley Spoon AG (ASX: MMM) share price is tanking. The massive price drop comes after the meal kit subscription service gave an update for the September quarter.

At the time of writing, shares in the company are trading for $1.04 – down 31.1%. Earlier, shares hit an intraday and 52-week low of 99 cents per share, which is a 34.4% pummelling.

Let's take a closer look at the news.

Why the Marley Spoon share price is in freefall

The Marley Spoon share price is heading south and it comes after the company's Q3 FY21 update, released after the market closed yesterday.

What is seemingly spooking investors is the downward revision of its full-year net revenue. The company blames "volatile consumer behaviour" for the downward growth rate of only 26-28% as opposed to the previously advised 30-35%.

Specifically, the company says "staffing challenges, higher labour rates, and food cost inflation are continuing to impact contribution margin". This is in addition to "extensive" summer holidays from Europeans enjoying leisure activities after months of lockdown. Apparently, this resulted in "higher skip rates and lower acquisition volume".

As well, Marley Spoon advised revenue grew 14% on the prior corresponding period (pcp) to 79.2 million Euros ($112.8 million) and a total cash position of 33 million Euros ($51.1 million) – up 17% on the pcp.

Compared with net revenue from its H1 21 update – which grew 38% — this is a massive downgrade in growth projections.

Management commentary

Commenting on the update likely driving down the Marley Spoon share price, CEO Fabian Siegal said:

Q3 net revenue growth is broadly in line with our expectations and an acceleration vs. the last quarter. Nevertheless, volatile customer behaviour during the Northern Hemisphere summer resulted in higher-than-normal skip rates and a higher cost acquisition environment. In order to maintain attractive unit economics, we reduced customer acquisitions, which will impact Q4 and therefore require us to revise our 2021 net revenue growth to 26-28%.

We have since seen a recovery in base behaviour and improved customer acquisition costs. Given these factors, Q4 net revenue growth is trending higher than Q3 2021 and the PCP. The overall structural growth trend for online groceries remains intact and gives us confidence that we will continue to sustain high growth rates at attractive unit economics.

In Q4 we expect continued revenue growth and expanded margins to lead to a significantly lower level of operating EBITDA [earnings before interest, taxes, depreciation, and amortisation] losses vs. Q3.

Marley Spoon share price snapshot

Over the past 12 months, the Marley Spoon share price has crashed by around 60%. Year-to-date it is down by a similar percentage.

Marley Spoon has a market capitalisation of approximately $302 million.

The post Marley Spoon (ASX:MMM) share price crashes 34% to new 52-week low appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Marley Spoon AG. The Motley Fool Australia owns shares of and has recommended Marley Spoon AG. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The Carsales.Com Ltd (ASX: CAR) share price has hit a bump on the road. It comes after the company held its 2021 annual general meeting (AGM).

At the time of writing, shares in the online vehicle retailer are trading for $25.04 – down 1.49%. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.1% higher.

Let's take a closer look.

What happened at the Carsales AGM?

Carsales revealed its outlook for FY22 in its presentation to shareholders. While the outlook was largely positive, investors don't seem too revved up by it, judging by the falling Carsales share price.

The company said the following:

• Q1 of FY22 was tough for the company. Lockdowns in Australia's two largest states had a material impact on car sales and listings. Since New South Wales and Victoria have opened up, however, sales are up.
• Carsales expects to deliver "strong" growth in Group Adjusted revenue, "solid" growth in Group Adjusted EBITDA and strong growth in Group Adjusted NPAT. The company said its financial performance will be more overly weighted to the second half of the financial year, due to the negative impacts of lockdowns.
• Outside of NSW and Victoria, car sales growth remained "solid" among established dealers and private listings.
• Core expenses are expected to increase with the end of JobKeeper.
• Finally, looking at its overseas businesses, Carsales expects strong growth in revenue and EBITDA across Brazil, the United States, and Korea.

Carsales FY21 results

When Carsales released its FY21 results, the Carsales share price increased.

At the time, and as it restated today, Carsales reported revenue up 4%, EBITDA up 10%, and adjusted NPAT up 11%. The company did declare a 10% lower dividend of 22.5 cents per share.

For the 12 months ended 30 June, Carsales delivered double-digit growth across its adjusted EBITDA and net profit metrics. This was broadly in line with the market's expectations.

When the results were released, management said this reflected a resilient revenue performance driven by a strong performance from its international businesses, modest growth in the Australian business, and strong margin performance. The latter was apparently driven by cost management initiatives.

Carsales share price snapshot

Over the past 12 months, the Carsales share price has increased 17.4%. Year-to-date, shares in the company have increased 25.7%. Its 52-week high is $26.67 and its 52-week low is $16.72.

Carsales.com has an approximate market capitalisation of $7.1 billion.

The post Carsales (ASX:CAR) share price falls despite optimistic outlook appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended carsales.com Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The Sonic Healthcare Limited (ASX: SHL) share price is having a strong session this hump day.

At the time of writing, shares in the medical diagnostics company are trading for $40.73, up 3.77%. For context, the S&P/ASX 200 Index (ASX: XJO) is practically even on yesterday's close.

The company hasn't released any price sensitive news recently. So, what's going on?

Let's take a closer look.

Could learning to 'live with COVID' be the reason?

Since the first case of the delta variant of COVID in late June, thousands upon thousands of cases have been detected across the Australian mainland – shutting down New South Wales, Victoria, and the ACT for extended time periods.

But those days are over.

NSW and Victoria are out of lockdown and the ACT is practically there. Quarantine for international travel will also soon be a thing of the past. Australia has become a highly vaccinated country and is learning to live alongside the insidious virus.

Part of living with the virus means testing — and Sonic is the largest private testing provider in the country. It's raked in millions of dollars from government as people get tested by the tens of thousands. The Sonic share price had a massive rise during this latest outbreak. It's jumped 10.9% since the original case was detected in the Sydney limo driver.

Testing, contact tracing, and isolating positive COVID patients will still be a part of the Australian response to the disease.

As well, the Commonwealth government has today revealed the end of Australia's closed border policy. Come 1 November, Australians will no longer need a reason to leave the country. The date coincides with the day NSW and Victoria end all quarantine requirements for vaccinated travellers.

However, to fly overseas, passengers will need to conduct a PCR (polymerase chain reaction) test within 72 hours before departure. These tests can only be done in a clinical setting, meaning Sonic's revenue stream is not drying up anytime soon.

Investors may be jumping on this news, thus, potentially leading to a rising Sonic share price.

Sonic share price snapshot

Over the past 12 months, the Sonic share price has risen 13.5%. Since the start of 2021, shares in the medical company have risen 26.5%. Its 52-week high is $43.99 and its 52-week low is $30.21.

Sonic Healthcare has a market capitalisation of approximately $19.5 billion.

The post The Sonic Healthcare (ASX:SHL) share price is rising this Wednesday appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The Westpac Banking Corp (ASX: WBC) share price is in the green. It comes after the company announced some changes to its board of directors.

At the time of writing, shares in one of Australia's 'big 4' banks is trading for $25.85 – up 0.23%. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.25% lower.

Let's take a closer look at the news.

Changes at the top

In a statement to the ASX, Westpac announced Steve Harker will retire from the board by the end of the day.

Harker joined the Board in March 2019 and has been a member of the Board Audit, Board Legal, Regulatory & Compliance, and Board Remuneration Committees.

Westpac chair John McFarlane said:

On behalf of the Board, I would like to thank Steve for his considerable contribution to Westpac, in what has been a challenging time for the company.

Early this year Steve signalled he was considering retiring from the Board as he requires a double lung transplant and wants to focus on his health. We commend Steve for his professionalism and commitment to shareholders throughout his tenure and wish him a fast recovery.

While this is big news for the company, it is not price sensitive. So, what else could be affecting the Westpac share price?

Why the Westpac share price may be rising

Brokers are tipping big things for the Westpac share price in the near and medium terms.

As Motley Fool has previously reported, the bank is scheduled to release its full-year results on November 1 and Morgans is urging investors to buy this ASX 200 share.

This is despite the broker slashing its forecast final dividend to 30 cents a share from 54 cents a share after Westpac announced a $1.3 billion write-down.

"WBC is our preferred major bank," Morgans is quoted as saying.

"We expect WBC to announce a $5bn off-market share buyback on 1 November and we expect investors to increasingly warm up to WBC's medium-term cost out story."

The broker has an "add" rating on the Westpac share price with a price target of $29.50 a share.

The post Westpac (ASX: WBC) share price rises as it announces changes to its board appeared first on The Motley Fool Australia.

More reading

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• Which ASX bank has the biggest dividend yield?

Motley Fool contributor Marc Sidarous owns shares of Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

While the Coles Group Ltd (ASX: COL) share price is down, there is news that may excite shareholders in it or Woolworths Group Ltd (ASX: WOW).

From 1 November, both supermarket giants will begin selling at-home, rapid antigen testing (RAT) for COVID-19.

At the time of writing, shares in Coles are trading for $17.16 – down 2.05%. Meanwhile, the Woolworths share price is 4.10% lower to $38.81. To be clear, there is no suggestion today's news on RAT has any correlation with the share price movement. In fact, for Woolworths, today was also the day the company released its Q1 update.

Let's take a closer look.

It's going to be easier to get a COVID test

After the Therapeutics Goods Administration (TGA) approved the use of at-home RAT last month, Coles and Woolworths have announced they will sell the product in their stores from 1 November. This is the date the TGA is slated to begin using these tests.

According to the Australian Broadcasting Corporation (ABC), Woolworths said the kits could already be pre-ordered and would sell for between $10 and $15 per test.

"Rapid antigen testing is helping protect our distribution centre team members across Australia from COVID-19," a Woolworths spokesperson told the outlet.

While less accurate than PCR testing (the one done at COVID testing clinics), the results are quicker to obtain and it is easier to do. It only requires a person to provide a small sample of saliva, and then results would be ready in 20 minutes.

Coles says it will sell the product in select stores in every state except South Australia and Western Australia.

These new products may give a boost to the supermarket's revenue. Revenue, of course, can determine how much dividends a company pays. The amount of dividends Coles pays is highly likely to influence the Coles share price.

Coles share price snapshot

Over the past 12 months, the Coles share price has increased 0.29%. Year-to-date, shares in the supermarket are down 7.24%. It is underperforming the ASX 200 when compared to both timeframes.

Since listing on the ASX nearly 3 years ago, shares in the company have appreciated 35.5%. Coles has a 52-week high of $18.94 and a 52-week low of $15.27 per share.

Coles Group has a market capitalisation of approximately $23 billion.

The post Need a COVID test? Now you can buy one at Coles (ASX:COL) or Woolies appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The Afterpay Ltd (ASX: APT) share price is having a fortnight to remember.

At close of trade yesterday, shares in the buy now, pay later (BNPL) service are trading for $126.64 – up 3.3% on the previous day and 10.4% over the last 2 weeks. Compared with the S&P/ASX 200 Index (ASX: XJO), which is up 2.3% in the same time, it is a rather impressive feat.

So, what's going on? Let's take a closer look.

Why the Afterpay share price is rising?

As most people may be aware, Afterpay is being acquired by fintech giant Square Inc (NYSE: SQ) for what was, at the time, $39 billion.

The deal is entirely in scrip. For every 1 Afterpay share an investor owns, they will receive 0.375 shares of Square. At the time, Square shares were worth US$247.26, implying a transaction price of $126.21 per Afterpay share.

Since then, the Square share price has been on the rise. Just in the last 2 weeks, shares in the company have appreciated 10.4%. Taking into account fluctuating exchange rates between the US and Australia, it pretty much matches the rise in the Afterpay share price.

This makes sense. Afterpay now has a fixed value, and that's 0.375 times the value of Square's shares. Afterpay shares will move in the same direction, and at the same rate, as those of its soon-to-be buyer.

The deal will not be finalised until the third quarter of FY22, so this should continue for some time to come.

So why is the Square share price lifting?

As explained by The Motley Fool, the Square share price is on the rise because of expectations.

The company is due to report its Q3 earnings next week, and analysts are tipping them to be a stellar result for the company. The Motley Fool Australia's own Scott Phillips likes to say earnings season is more about expectations than results. Investors think Square is going to report good results and want to get on that gravy train early.

And if Square is doing well, then the Afterpay share price is doing well.

The post Why is the Afterpay (ASX:APT) share price up 10% in just 2 weeks? appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and Square. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The Arafura Resources Limited (ASX: ARU) share price is having a month to remember.

At the close of trade on Thursday, shares in the rare earth elements (REE) miner were trading for 21 cents per share – even on the previous day's close. Over the course of the month, however, the company's shares have had a phenomenal run. Over that time, its shares have increased 41.2%, an eye-watering number.

Let's take a closer look.

Arafura shares are HOT, HOT, HOT!

The first major story that had a material impact on the Arafura share price over the last month was the news European car manufactures, such as BMW and Volkswagen, approached Arafura about "sourcing elements that help power electric cars".

As The Motley Fool previously reported, these European-based car manufacturers are looking for ethically sourced alternatives to Chinese REE as they ramp up manufacturing of electric vehicles.

REE are crucial in the manufacturing of electric car batteries. In fact, the average electric car has about 3kg of REE, especially those that use magnets in their batteries.

At the time, it was reported a new law in Germany on supply chain responsibility also spurred European interest in Arafura. Starting from 2023, companies in the central European country will be held accountable on social standards across their entire supplier network and including waste products, or face fines.

Up to 90% of all the planet's REE is produced in China. Recent geo-political tensions between the People's Republic and the west have seen many US and EU based companies and governments looking to reduce their reliance on the eastern nation. Companies like Arafura, which sources its REE from the Northern Territory, may be part of the solution.

Arafura being so widely discussed may have led to the rising Arafura share price. The company said as much in a response to an ASX query a few days later.

Is anything else boosting the Arafura share price?

The company did hold its annual general meeting (AGM), today. Company Chair, Mark Southey, gave the following optimistic assessment of the market going forward. Remember, expectations are an important aspect when it comes to share price.

Recently, we've seen global expectations and awareness increase in Australia's role to provide a secure and stable supply of critical minerals. The need to redefine the supply chain in the face of a changing geopolitical context for critical minerals has become very apparent and urgent. This was highlighted just last month by world leaders meeting through the Quad Security Dialogue (Quad). Leaders of Australia, the United States, India and Japan are set to develop a strategy to secure supply chains of critical minerals.

Australia is front and centre to meet this demand. While it will take some time to develop a global network which can overcome existing challenges, this is a crucial combined first step from governments which all clearly understand that rare earths will be a critical part of the future.

Southey added that demand for REE would continue to grow.

Demand for magnets that use NdPr Oxide is driven by renewable and green energy applications and in particular electric vehicles and wind turbines. Forecasts show that the Electric Vehicle outlook looks to exceed earlier market expectations with several manufacturers with goals of having 50 to 100% Electric Vehicle platforms by 2025.

Investors may believe the miner is in a unique position to exploit these circumstances – at least judging by the rising Arafura share price.

Arafura share price snapshot

Over the past 12 months, the Arafura share price has increased 95.5%. Year-to-date, shares in the company are 65.4% higher. Its 52-week high is 30 cents per share and its 52-week low is 9 cents per share.

Arafura Resources has a market capitalisation of approximately $333 million.

The post Why the Arafura (ASX:ARU) share price has rocketed 42% in just one month appeared first on The Motley Fool Australia.

More reading

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• Which ASX rare earths company's shares are trading higher on new funding news?

Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

The Enero Group Ltd (ASX: EGG) share price has a new 1-year high. The positive price movement comes after the company released a trading update for this financial year.

At the time of writing, shares in the marketing and communications services company are trading for $3.45 – up 11.65%. Earlier today, the Enero share price hit a 52-week high of $3.76, up 21.7% on yesterday's closing price.

Let's take a closer look at today's news.

Enero company profile

Enero Group is a creative technology company operating a global collective of marketing and communications specialist agencies.

Its portfolio includes:

• Digital agency Orchard
• Creative agency BMF
• Brand, marketing and PR comms consultancy Hotwire
• Programmatic marketing platform OBMedia
• Issues management comms advisory CPR
• Strategic data consultancies The Leading Edge and The Digital Edge.

Enero share price up as revenue increases nearly 23%

In its investor presentation, Enero provided the following update:

• In the first quarter of FY22, the company made $45.6 million in net revenue. This is a 22.6% jump on the prior corresponding period (pcp)
• Operating earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 50% on the pcp to $14.7 million
• The EBITDA margin increased 5.9 percentage points to 32.2%.

These results are clearly encouraging for investors, at least judging by the rising Enero share price today.

What's the outlook and is this affecting the Enero share price?

Looking forward, Enero says it continues "to see a strong pipeline of new business opportunities", especially in the healthcare, technology, and consumer business-to-business markets.

The company goes on to say that inorganic growth continues to be a strong focus for Enero. Inorganic growth is a result of mergers and acquisitions rather than an expanding customer base.

Finally, Enero says ongoing uncertainty relating to COVID-19 may place pressure on the company's bottom line. Enero cites possible wage growth cost pressures and increasing discretionary travel expenses as borders open up.

Despite these headwinds, the Enero share price is rising today.

Enero share price snapshot

Over the past 12 months, the Enero share price has increased 89.5%. Year to date, shares in the company are up 62%.

Enero has a market capitalisation of approximately $303 million.

The post Enero (ASX:EGG) share price leaps 22% to 52-week high. Here's why appeared first on The Motley Fool Australia.

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• What's the impact of US tariffs on Aussie drugmakers CSL and Mayne Pharma?
• The reliable ASX dividend shares I'd buy with $10,000
• Mesoblast shares are back in the red on Tuesday. Here's why
• ASX 200 surging as investors look beyond Iran war
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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

The Webjet Limited (ASX: WEB) share price has been flying high recently.

Over the last month, shares in the online travel agency have rocketed 9.41% and are currently sitting at $6.51 as of the time of writing. Compared to the S&P/ASX 200 Index (ASX: XJO), which is only up 1.92% in the same period, it is an impressive feat.

Yet, the company is still not near its pre-COVID levels. On the first trading of 2020, Webjet shares ended the day at $9.49 – 45.8% higher than its current price.

Let's take a closer look.

Webjet shares are high, but not as high as they once were

First, let's take a look at what might have contributed to the rising Webjet share price over the last month.

When it comes to ASX travel shares, Webjet isn't alone. Qantas Airways Limited's (ASX: QAN) value has increased 4.18% over the month, Flight Centre Travel Group Ltd (ASX: FLT) shares are 16.2% higher, and the Helloworld Travel Ltd (ASX: HLO) share price is up an incredible 31.8% in that time.

ASX travel shares have been buoyed by recent developments about the pandemic. NSW Premier Dominic Perrottet announced he is ending all quarantine requirements for international travel come 1 November. This was swiftly followed by the Prime Minister, Scott Morrison, saying Australians would be able to leave and return to the country at will on the same date – effectively ending Australia's closed international border.

Queensland, Victoria, and the ACT have all announced they would be effectively ending their closed border stances for fully vaccinated travellers as well.

Australia's high vaccine uptake has moved forward the country's plans for re-opening faster than most anticipated. It's clearly been good news for the Webjet share price, and other ASX travel shares.

So, why isn't the Webjet share price at pre-COVID levels yet?

Put simply, it's because we aren't in pre-COVID times anymore.

While Australians can come and go out of the country, this does not apply to international travellers. The Prime Minister, when he announced Australians could leave and enter the country when they wished, also made it abundantly clear that other nationals would not be extended the same privileges until sometime in the next year.

As well, only NSW and Queensland have made plans to end quarantine for international arrivals, Queensland saying they won't end quarantine until 90% of those 16+ are fully vaccinated. Western Australia, Tasmania, and South Australia haven't even indicated when they will open their domestic borders.

More generally, even with the opening of the borders, it is more onerous to travel than it once was. A person will need to test negative to the coronavirus before leaving and returning, wear masks on the plane, and prove they are fully vaccinated. Not every country has opened their border to Australia, such as Bali, for example.

This could explain why the Webjet share price isn't at its pre-pandemic levels.

Another explanation is risk. The border hasn't actually opened yet and won't open for another 11 days. The future is more uncertain now than it was before the pandemic. Investors price risk into their decision making, and the risk may be too high for many buyers.

Webjet share price snapshot

Over the past 12 months, the Webjet share price has increased 56.8%. Year-to-date, shares in the company are up 22%. Webjet has a market capitalisation of approximately $2.4 billion.

The post The Webjet (ASX:WEB) share price is having a good month but it's still 30% lower than pre-COVID levels appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous owns shares of Qantas Airways Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Helloworld Limited. The Motley Fool Australia owns shares of and has recommended Helloworld Limited and Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The Rio Tinto Limited (ASX: RIO) share price is in the red today despite the company getting a little greener.

At the time of writing, shares in the mining giant are trading for $97.69 – down 0.4%. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.31% higher.

The Rio Tinto share price is in focus today as the miner announces plans to halve its scope 1 and 2 emissions by 2030.

Let's take a closer look at today's news.

Rio Tinto share price dips despite "ambitious" climate policies

In a statement to the ASX, Rio Tinto says it is "tripling" its previous emissions reduction target.

On top of halving its direct emissions by 2030, the miner says it will achieve a 15% reduction by 2025. This is 5 years earlier than anticipated.

Rio says these "ambitious" targets are supported by about $7.5 billion in direct investments to lower emissions between 2022 and 2030.

Rio Tinto will also "prioritise growth capital" in commodities vital for this transition, such as copper and nickel, with an ambition to double growth capex to about $3 billion a year from 2023.

Despite this, the Rio Tinto share price is slightly down.

What are Scope 1 and 2 emissions?

For clarity, according to the Australian Government, scope 1 emissions are caused directly by a company's activities. For example, the driving of trucks up and down a mine. Scope 2 emissions are indirect and caused by a company's operations. An example of this for Rio Tinto would be using electricity sourced from fossil fuels to power its mines.

Scope 3 emissions result from either a company's supply chain or how the company's products are used. For example, the emissions caused by the manufacturing of steel that uses Rio-mined iron ore.

Scope 3 emissions are not part of Rio's commitments. However, the company will "accelerate its investment in R&D and development of technologies that enable its customers to decarbonise".

What did management say?

Rio Tinto Chief Executive, Jakob Stausholm, said:

Rio Tinto is taking action to strengthen our business and improve our performance by unleashing the full potential of our people and assets, working in partnership with a broad range of stakeholders.

All our commodities are vital for the energy transition and continue to benefit from ongoing urbanisation.

We have a clear pathway to decarbonise our business and are actively developing technologies that will enable our customers and our customers' customers to decarbonise.

We are able to do this, while continuing to provide attractive returns to our shareholders in line with our policy, because we have a strong balance sheet and world-class assets that deliver strong free cash flows through the cycle.

Rio Tinto share price snapshot

Over the past 12 months, the Rio Tinto share price has increased 2.4%. Year to date, Rio shares have plummeted 15.4%, largely due to the recently falling iron ore price.

Its 52-week high is $137.33 and its 52-week low is $90.04. Rio has a market capitalisation of approximately $151 billion.

The post Rio Tinto (ASX:RIO) share price dips amid pledge to halve direct emissions by 2030 appeared first on The Motley Fool Australia.

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• ASX 200 surging as investors look beyond Iran war
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• $7,500 invested in Rio Tinto shares 10 days ago is now worth…
• 3 reasons why the Rio Tinto share price could be a buy
• ASX 200 mining shares ride a rollercoaster in March quarter

Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

While the Woolworths Group Ltd (ASX: WOW) share price is having a decent run over the last month — up 2.26% in a month, there's another ASX supermarket that's rocketing above it, and even the Coles Group Ltd (ASX: COL) share price.

Those are the shares of Metcash Limited (ASX: MTS). The IGA, Foodland, Mitre 10, and Cellarbrations brand owner is up 5.83% over the last 30 days. That's higher than Woolworths and Coles, the latter up 5.32% in a month. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.39% lower during that time.

Let's take a closer look.

Why this company is outperforming the Woolworths share price?

As Motley Fool has previously reported, expert opinion is pessimistic on the Woolworths share price.

Credit Suisse has a sell on the company with a price target of around $31. That suggests the broker believes that Woolworths shares are going to drop by more than 20% over the next 12 months. It thinks it's overvalued for its expected earnings and potential (limited) growth. Several others also have the company at 'hold' – valuing its shares at about $40.

Metcash, meanwhile, is the stock to buy – at least according to some brokers.

UBS currently rates Metcash shares as a buy, with a price target of $4.60. A change of consumer habits appears to have helped the business including higher levels of local shopping. Some of these changes could be permanent.

The broker believes Metcash could pay a grossed-up dividend yield of 6.5% in FY22.

What else is affecting Woolworths?

This month, Woolworths was in the sights of the Australian Parliament, specifically about the pay and working conditions of its delivery drivers, including its partnership with Uber Eats.

Last Monday, Australian Labor Senator Tony Sheldon accused Woolworths of turning a blind eye to the conditions to which Uber Eats delivery employees are subject. Correspondingly, Senator Sheldon purported that the multibillion-dollar ASX-listed company is neglecting its responsible sourcing standards in the process.

This news may have been a drag on the Woolworths share price as its shares were down on the same day.

Woolworths share price snapshot

Over the past 12 months, the Woolworths share price has increased 15.77%. Year-to-date, shares in the company are up 16%. Its 52-week high is $44.06 and its 52-week low is $35.96.

Woolworths Group has a market capitalisation of approximately $48 billion.

The post Why this supermarket is outperforming the Woolworths (ASX:WOW) share price lately appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The Fortescue Metals Group Limited (ASX: FMG) share price is on the minds of investors today after another Andrew 'Twiggy' Forrest company, Wyloo Metals, all but buys up Canadian listed nickel miner Noront.

At the time of writing, shares in the iron-ore miner are trading for $14.57 – down 1.15%. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.14% higher.

Let's take a closer look at today's news.

Why is Fortescue on everyone's mind?

Twiggy's Wyloo Metals, a wholly-owned subsidiary of Forrest's investment company, Tattarang,  will almost certainly acquire Noront for 70 Canadian cents per share. It trumps an offer from BHP Group Ltd (ASX: BHP) of 55 Canadian cents per share.

"The Noront board of directors has determined that Wyloo Metals' proposal represents superior value for our shareholders, compared to the offer by BHP," Noront chief executive Alan Coutts said.

Again, it should be stressed that Wyloo Metals and Tattarang are separate from Fortescue. Given the involvement of Andrew Forrest, however, it's no surprise the Fortescue share price is also in the limelight.

According to The Age, the battle for Noront between the two mining giants is a signal of the "accelerating efforts" of resource companies to get ahead of the incoming electric vehicle revolution. Metals like nickel and lithium are essential in the manufacturing of electric vehicle batteries.

Noront has a significant claim in one of Canada's largest potential mineral reserves, the largely undeveloped "Ring of Fire" region in northern Ontario. It's an area Wyloo says it wants to develop into a "world-class Future Metals hub". However, it seems to be having little effect on the Fortescue share price.

"The Ring of Fire is a long-term mining district with a present-day value that is impossible to accurately quantify," Wyloo Metals chief executive Luca Giocavazzi said.

The deal is expected to be finalised around December. While BHP has the right to match Wyloo's offer, this is not expected to occur.

Fortescue share price snapshot

Over the past 12 months, the Fortescue share price has dropped 13.3%. Year-to-date, shares in the company have depreciated a mammoth 41.2%. Its 52-week high is $26.58 per share and its 52-week low is $13.91 per share.

Fortescue Metals has a market capitalisation of about $45 billion.

The post Fortescue (ASX:FMG) share price in focus as Twiggy raises the stakes for battery materials appeared first on The Motley Fool Australia.

More reading

• ASX 200 surging as investors look beyond Iran war
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• 3 reasons why this could be a great time to buy Fortescue shares!

Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

The Lithium Australia NL (ASX: LIT) share price is shooting straight for the moon – in an environmentally friendly way, of course.

The positive price movement comes as the company announces one of its subsidiaries is expanding its battery manufacturing capabilities.

At the time of writing, shares in the lithium technology company are trading for 12.5 cents – up 8.7%.

Let's take a closer look at today's news.

The Lithium Australia share price is blasting off

In a statement to the ASX, Lithium Australia says its subsidiary, VSPC Ltd, a developer and manufacturer of advanced cathode materials for lithium-ion batteries (LIBs), is now also producing commercial-quality lithium titanium oxide (LTO) anode powder.

Conventionally, LTO is prepared via a solid-state reaction, with titanium dioxide and lithium carbonate or lithium hydroxide as the raw materials. The materials are heated at temperatures above 800C for 12 to 24 hours to ensure high-phase purity. An LTO battery is more advantageous than other lithium-ion batteries because it is faster to charge than traditional batteries.

This news is clearly revving the engines of investors, at least judging by the rising Lithium Australia share price.

As well, Lithium Australia announced it will expand its research into other anode battery materials, including titanium niobium oxide and other niobium-based anode materials. These are often used in space and defence applications. VSPC is now developing an anode materials work program in conjunction with other organisations.

Management commentary

Adrian Griffin, Lithium Australia managing director, said

To achieve the performance desired for next-generation LIBs, improved anodes are also required. VSPC's patented technologies are applicable to the production of both anode and cathode materials. Currently, VSPC produces the world's highest performing LFP cathode powder and is among only a handful of companies capable of producing high-energy-density LMFP [lithium manganese ferro phosphate].

Market demand for advanced nickel and cobalt-free batteries puts VSPC in a unique position to deliver precursors that meet more exacting performance requirements. VSPC's successful production of high-performance LTO is an Australian first, as well as a global necessity.

Lithium Australia share price snapshot

Over the past 12 months, the Lithium Australia share price has increased 150%. Year-to-date, shares in the company are up 108%.

Its 52-week high is 21 cents per share and its 52-week low is 4.8 cents per share. Lithium Australia has a market capitalisation of approximately $125 million.

The post Why the Lithium Australia (ASX:LIT) share price is rocketing 9% appeared first on The Motley Fool Australia.

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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.

The Brambles Limited (ASX: BXB) share price is up in early day trading after the company released its first-quarter update for FY22.

At the time of writing, shares in the supply chain logistics company are trading for $10.45 – up 2.96%. The S&P/ASX 200 Index (ASX: XJO), meanwhile, is 0.09% lower.

Let's take a closer look at today's announcement.

What did Brambles announce?

• Sales revenue up 9% on the prior corresponding period (pcp) to US$1.3 billion at a constant exchange rate. Broken down by segment – revenue from the Americas is up 9%, Europe, Africa and the Middle East is 8% higher, and Asia-Pacific revenue increased 11%.
• Looking forward, Brambles is expecting revenue growth of between 5% and 7% throughout FY22. The company says a higher base from FY21 will be the reason for slower growth compared to the first quarter.
• Underlying profit growth of 1-2%, including US$50 million of short-term transformation costs. Excluding these short-term transformation costs, underlying profit growth is expected to be between 6% and 7%.
• Dividends should "be in line" with company policy of paying out 45-60% of underlying profits.

What did management say?

Commenting on the update possibly driving the Brambles share price today, CEO Graham Chipchase said:

Our first-quarter sales performance demonstrates the commercial resilience of our business, with pricing and surcharge mechanisms supporting the recovery of increased costs across global supply chains. We continue to operate in a high inflationary environment with pallet availability constraints and ongoing lumber, labour and transport scarcity disrupting supply chains and driving increased costs across our businesses.

Pallet availability remained challenging in the first quarter with industry-wide shortages of new pallet supply across the globe as well as lower levels of pallet returns and longer cycle times in our North American business. This was a contributor to the decline in like-for-like volumes in North America and contributed to the lower rates of new business growth across the Americas and Europe, as we prioritised servicing existing customer demand over new customer wins.

He added:

Despite some moderation in lumber inflation in North America, lumber prices across the group remain above historic levels and pallet prices continue to increase, particularly in Europe and Latin America. We expect inflationary pressures to remain for the balance of FY22.

What else has affected the Brambles share price recently?

As Motley Fool has previously reported, the Brambles share price slid 11% last month after its investor day presentation.

Brambles alluded to "high single-digit" growth in its presentation for revenue and underlying profit in FY22 and FY23. The company sees revenue growth of 5-6% in FY22. Additionally, free cash flow is expected "to be an outflow of US$200 million".

Supply chain logistical issues, which have been exacerbated by the COVID-19 pandemic, may also be worrying investors. The cost of shipping has increased as ports shut down and demand between regions varies markedly.

Brambles share price snapshot

Over the past 12 months, the Brambles share price has decreased by 2%. Year-to-date, Brambles shares are also around 2% lower. Over the past month, it's an even worse 6% decline.

Brambles has a market capitalisation of approximately $15 billion.

The post Brambles (ASX:BXB) share price rises as revenues lift 9% in first quarter appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

The Wesfarmers Ltd (ASX: WES) share price is having a month to forget.

At the time of writing, shares in the retail conglomerate are trading for $54.95 – up 0.33%. Over the month, however, it's been less cheery for the company – down 3.48%. For context, despite how turbulent it may have felt, the S&P/ASX 200 Index (ASX: XJO) has actually increased 1.74% over the same time.

Let's take a closer look at what's going on.

What's up with Wesfarmers?

The first major story that had a negative impact on the Wesfarmers share price was the news Sigma Healthcare Ltd (ASX: SIG) had also entered the fray to take over Australian Pharmaceutical Industries Ltd (ASX: API) with a mostly scrip bid for the retail pharmacist.

Sigma put in a bid with an implied value of $1.57 per share – or $773 million for the company. As Motley Fool previously reported, Sigma put a higher bid to API's board than Wesfarmers, albeit a mostly scrip one.

Sigma's proposal would see API's shareholders walking away with 35 cents of cash and 2.05 Sigma shares per API share they held at the time of the proposed merger. This valuation is based on Sigma's share price at the time the offer was made.

Since that time, Wesfarmers has acquired a nearly 20% stake in API, buying out the portion owned by Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) for $1.38 per share. It has also agreed to pay Sol Patts any additional funds owed to it should its proposed merger with API be successful.

The Wesfarmers share price rose on this strong indication it would be successful in buying API.

What else is affecting the Wesfarmers share price?

Lockdowns are coming to an end in Australia. Sydney left its 15 weeks of COVID restrictions last Monday. Melbourne will leave on Thursday and the ACT is slowly exiting its stay-at-home orders.

Lockdowns have historically been good news for the Wesfarmers share price. The thinking goes with everyone stuck at home and their consumption options limited, people will spend their money on what they can and that includes shopping (either online or in-person) at Bunnings, Kmart, or Officeworks – all Wesfarmers brands. Wesfarmers shares rocketed 11% during the latest delta outbreak.

With lockdowns coming to an end, investors may be seeing the time of supercharged revenues also coming to an end – and thus want to sell on a high.

This could partially explain the falling Wesfarmers share price. Of course, correlation does not equal causation.

Wesfarmers share price snapshot

Over the past 12 months, the Wesfarmers share price has increased 14.0%. Year-to-date, it is up 6.74%. Both of these figures are lower than the growth rate of the ASX 200.

Wesfarmers has a market capitalisation of about $62 billion.

The post Here's why the Wesfarmers (ASX:WES) share price is down 4% in a month appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The MoneyMe Ltd (ASX: MME) share price is shooting straight for the moon.

At the time of writing, shares in the consumer credit business are trading for $2.09 – up 10%. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.28% higher.

The positive price movement comes as the company releases its trading update for the first quarter of FY22.

Let's take a closer look at today's announcement.

What did MoneyMe announce?

The MoneyMe share price may be rocketing today due to the following results:

• $1 billion in customer receivable originations since 2013.
• Originations of $173 million in the quarter – up 283% on the prior corresponding period (pcp) and 7.45% over the previous quarter.
• Gross customer receivables of $452 million – up 227% on the pcp and 26.7% on the prior quarter.
• Record revenue of $23 million – up 92% on the pcp and 21% on Q4 of FY21.

What did management say?

MoneyMe's Managing Director and CEO Clayton Howes said:

I am delighted to announce that MoneyMe has passed the $1bn origination milestone. This reflects our consistent focus over time to invest in and develop the digital capabilities of our Horizon technology platform, an unrelenting focus on the Generation Now customer and our persistent innovation.

What's affecting the MoneyMe share price?

Looking deeper into the numbers, MoneyMe says its personal loans and freestyle divisions continue to drive the majority of growth in the business – both being quite resilient during lockdown.

Autopay, MoneyMe's consumer car financing facility, achieved "significant growth despite the challenges of car buyers during lockdown".

The MoneyMe share price may also be rising due to its "strong" performing credit and book quality metrics. Net charge-offs were 5.4% down on the pcp and COVID-19 deferrals were low at 0.2% of customer receivables.

MoneyMe share price snapshot

Over the past 12 months, the MoneyMe share price has increased 36.4%. Year-to-date, shares in the company have appreciated 42.9%.

The 52-week high is $2.48 and the 52-week low is $1.29.

MoneyMe has a market capitalisation of approximately $358 million.

The post Why the MoneyMe (ASX:MME) share price is rocketing 10% this Monday appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

The Australian Ethical Investment Limited (ASX: AEF) share price has a new record high.

The positive price movement comes as the wealth management company announced an 8% increase in funds under management (FUM) to a record $6.54 billion.

At the time of writing, shares in the company are trading for $12.07 – up 1.26%. Earlier, shares hit an intraday (and all-time) high of $12.14. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.28% higher.

Let's take a closer look at today's news.

Why the Australian Ethical share price is in the spotlight

In a statement to the ASX, Australian Ethical says a record quarter of $160 million coming into the business has allowed it to meet this new record. It says this was mostly driven by higher value members rolling over their investments.

Investors are keen on these numbers, judging by the rising Australian Ethical share price.

In total, $1.96 billion are under managed funds, $380 million are institutional, and $4.21 billion is in superannuation funds under management.

The company says these key milestones "demonstrate positive momentum" regarding its growth strategy. It goes on to say particular metrics it is being given a vote of confidence in are "brand awareness, engagement with advisers, and enhancing the customer experience".

Australian Ethical has over 70,000 funded customers – 60,000 through superannuation and about 10,000 managed fund investors.

Company profile

Australian Ethical Investments is an Australian wealth management company that invests according to its own strict ethical charter. It focuses on what it deems ethical sectors such as healthcare, IT, and education whilst avoiding industries such as gambling, tobacco, and fossil fuels.

The company was established in 1986 and regards itself as Australia's leading ethical funds manager. It boasts an award-winning investment team that carefully evaluates prospective investments firstly under the company's ethical charter and then using traditional risk/return investment analysis.

Australian Ethical share price snapshot

Over the past 12 months, the Australian Ethical share price has increased 160%. Year-to-date, shares in the company have appreciated 143%.

Its previous 52-week high was $11.97 and its 52-week low is $4.10.

Australian Ethical Investments has a market capitalisation of about $1.3 billion.

The post Australian Ethical (ASX:AEF) share price hits new high on record quarterly inflows appeared first on The Motley Fool Australia.

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Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Australian Ethical Investment Ltd. The Motley Fool Australia has recommended Australian Ethical Investment Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.