Why Damstra, Flight Centre, IAG, and Pantoro shares are pushing … – The Motley Fool Australia

TO MAKE THE WORLD
SMARTER, HAPPIER, AND RICHER.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
These ASX shares are starting the week strongly…
Image source: Getty Images
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small decline. At the time of writing, the benchmark index is down 0.1% to 6,787.6 points.
Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising today:
The Damstra share price is up 16% to 22 cents. This follows the release of the integrated workplace management solutions provider’s fourth-quarter update. Damstra had its best quarter of the financial year, delivering revenue of $8 million. This underpinned a 25.2% half on half increase in revenue during the second half. Damstra also achieved its first quarter of positive operating cash flow.
The Flight Centre share price is up over 3% to $17.69. This morning the travel agent upgraded its guidance for FY 2022. Management revealed that a strong finish to the financial year means that it expects to record an underlying EBITDA loss of between $180 million and $190 million in FY 2022. This is an 11.9% improvement on the mid-point of the company’s initial FY 2022 guidance.
The IAG share price is up almost 6% to $4.45. This appears to have been driven by the release of a number of broker notes that rate the insurance giant’s shares as a buy. One of those is Citi. Although the broker was disappointed with IAG’s FY 2022 update, it sees enough value to maintain a buy rating with a $5.10 price target.
The Pantoro share price is up 3% to 18.5 cents. Investors have been buying this gold explorer’s shares following an update on drilling on stage two of the open pit plan at Green Lantern at the Norseman Project. Management advised that drilling continues to increase confidence in the ore geometry and controls on mineralisation.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Damstra Holdings Ltd. The Motley Fool Australia has positions in and has recommended Insurance Australia Group Limited. The Motley Fool Australia has recommended Damstra Holdings Ltd and Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
| Brooke Cooper
These ASX 200 shares defied today’s inflation read to post notable gains.
Read more »
| James Mickleboro
These ASX shares are rising on Wednesday…
Read more »
| Monica O’Shea
We take a look at some ASX 200 lithium shares that investors were buying up today.
Read more »
| Brooke Cooper
Do you own today’s top-performing ASX 200 share?
Read more »
| Monica O’Shea
This lithium explorer is enjoying a great start to life on the ASX.
Read more »
| James Mickleboro
These ASX shares are having a strong session…
Read more »
| Mitchell Lawler
There were no sharp thorns in this trading update.
Read more »
| Sebastian Bowen
The ASX tech share is easily outperforming the broader market.
Read more »
View All
In this FREE STOCK REPORT, Scott Phillips, and his team at Motley Fool’s Share Advisor have released a special free report, detailing 5 ASX stocks that they think could be fantastic stocks to own as investors prepare for their retirement.
Sign Up for Take Stock
Investment news, stock ideas, and more, straight to your inbox.
Get Started Investing
You can do it. Learn about investing with our Investing Education hub.
Win at Retirement
Our latest articles and strategies for the post-work life you want.
Listen to Our Podcast
Hear our experts take on shares, the market & how to invest.
Join Our Premium Community
Join our flagship membership service, Share Advisor.
To make the world Smarter, Happier, And Richer
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians.
Read more about us >

This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. The Motley Fool Australia operates under AFSL 400691. For more information please see our Financial Services Guide. Please remember that investments can go up and down. Past performance is not necessarily indicative of future returns. The Motley Fool Australia does not guarantee the performance of, or returns on any investment.
© 2010 – 2022 The Motley Fool Australia Pty Ltd. All rights reserved.
ACN: 146 988 052
Australian Financial Services Licence (AFSL): 400691
The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217
Contact Details:
Phone: (03) 8592 4841
Email: [email protected]
Our friendly customer service team will happily get back to you as soon as they can.

source

Leave a Comment