Why Bubs, IDP Education, ResMed, & Tyro shares are dropping today
Why Bubs, IDP Education, ResMed, & Tyro shares are dropping today
IDP Education Ltd (ASX:IEL) and ResMed Inc. (ASX:RMD) are two of four ASX shares that are dropping notably lower on Monday…
James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn t looked back since. James is part of the CFA Institute s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.
Smartpay (ASX:SMP) share price lifts on fourth quarter trading update
Mitchell Lawler | April 19, 2021 2:33pm |
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The
Smartpay Holdings Ltd(ASX: SMP) share price has jumped in afternoon trade after the payment technology company released its trading update for the fourth quarter.
At the time of writing, the Smartpay share price is trading at 92.5 cents a share, an increase of 4.5%.
High growth story continues
It appears the payment solution providers’ trading update has fallen roughly in line with shareholder expectations. Despite the continuation of growth metrics, the Smartpay share price has failed to gain momentum.
The company’s fourth quarter, ending 31 March, experienced continued growth in Australian acquiring revenues. Smartpay delivered a 97% year-on-year revenue increase to $5.784 million – a further 15% increase on the previous quarter.
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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.
Here’s why brokers think investors ought to buy them next week:
According to a note out of
UBS, its analysts have retained their
buy rating and lifted their price target on this payments company’s shares to $6.20. The broker made the move after EML announced the acquisition of Sentenial. It notes that Sentenial’s Nuapay open banking business is well-placed in the European market and has opportunities to expand globally. UBS also likes that the deal further reduces its earnings exposure to giftcards. The EML share price was fetching $5.75 at the close of play on Friday afternoon.
3 ASX shares brokers have rated a buy today
Kerry Sun | April 9, 2021 11:43am |
More on: Image source: Getty Images
Big brokers have run the ruler over 3 ASX shares that could provide investors with upside in the short to medium term.
ASX shares rated a buy on Friday
The EML share price surged into record territory on Wednesday after announcing the acquisition of Sentenial Limited. The acquisition also includes its subsidiary, Nuapay, one of few open banking products in the marketplace.
UBS is one of the latest brokers to upgrade its view of the EML share price. The broker believes that Nuapay is well placed for the land grab opportunity within the processing component of open banking in Europe, with the potential to expand into the United States and Australia over the medium term.