Why De Grey, Scentre, Splitit, & Temple & Webster shares are pushing higher

Splitit Ltd (ASX:SPT) and Temple & Webster Group Ltd (ASX:TPW) shares are two of four pushing higher on Thursday…
The post Why De Grey, Scentre, Splitit, & Temple & Webster shares are pushing higher appeared first on Motley Fool Australia. –

In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing the benchmark index is down 0.6% to 5,919.6 points.

Four shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

The De Grey Mining Limited (ASX: DEG) share price has jumped over 7% to $1.53. Earlier this week the gold-focused mineral exploration company announced the completion of its $100 million capital raising. The proceeds from the placement will be used to fund ongoing extension and definition drilling of the Hemi discovery, testing of mineralised intrusions close to Hemi, and early stage project de-risking studies. Investors appear confident De Grey is sitting atop a world class asset.

The Scentre Group (ASX: SCG) share price is up 3% to $2.34. This morning the shopping centre operator announced that it has priced a US$3 billion (A$4.1 billion) subordinated hybrid note issue in the United States market. In light of this, Scentre now has sufficient long-term liquidity to cover all debt maturities to early 2024.

The Splitit Ltd (ASX: SPT) share price is up 2.5% to $1.59. This morning the buy now pay later provider announced a partnership with professional services payment provider QuickFee Ltd (ASX: QFE). The deal will allow clients of accounting and law firms in the US and Australia to pay their fees on credit cards using Splitit’s instalment solution. QuickFee processed more than US$300 million worth of payments in FY 2020.

The Temple & Webster Group Ltd (ASX: TPW) share price has pushed 3% higher to $10.18. This is despite there being no news out of the online furniture and homewares retailer today. However, with Ltd (ASX: KGN) releasing an update on Wednesday and revealing exceptionally strong growth in August, investors may believe that Temple & Webster’s positive form has also continued early in FY 2021.

These stocks could rocket in a Post-COVID world (FREE STOCK REPORT)

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

Find out the names of our 3 Post COVID Stocks – For FREE!

*Returns as of 6/8/2020

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ltd and Temple & Webster Group Ltd. The Motley Fool Australia has recommended ltd and Temple & Webster Group Ltd. 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.

The post Why De Grey, Scentre, Splitit, & Temple & Webster shares are pushing higher appeared first on Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!