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Why Dicker Data, Evolution, JB Hi-Fi, & LiveTiles shares are storming higher

James Mickleboro
share price higher

The S&P/ASX 200 index is on course to start the week with a small decline. In afternoon trade the benchmark index is down 0.1% to 7,015.3 points.

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

The Dicker Data Ltd (ASX: DDR) share price is up 5.5% to $7.02. Investors have been buying the shares of the wholesale distributor of computer hardware and software after it announced its final dividend of FY 2019. Dicker Data has declared a fully franked 13 cents per share dividend. This brings its total dividends for FY 2019 to 33 cents per share, which is a 63.4% increase on a year earlier. This is partly attributable to a special interim dividend following the sale of a building at 230 Captain Cook Drive, Kurnell.

The Evolution Mining Ltd (ASX: EVN) share price has stormed 5.5% higher to $3.98. Investors have been buying the gold miners on Monday after coronavirus concerns continued to weigh on investor sentiment. It isn’t just Evolution pushing higher. The S&P/ASX All Ordinaries Gold Index is up a sizeable 2.2% in afternoon trade.

The JB Hi-Fi Limited (ASX: JBH) share price has surged a massive 15% higher to $46.04 after delivering a stronger than expected first half result. Thanks to solid sales growth across the business and improving margins, JB Hi-Fi delivered an 8% increase in EBIT to $255.6 million. This compares to the consensus estimate for EBIT of $244 million. The company also increased its guidance for the full year, much to the dismay of the short sellers targeting it.

The LiveTiles Ltd (ASX: LVT) share price has continued its positive run and is up a further 7% to 36.5 cents. This morning the intelligent workplace company announced an agreement with Canva. That agreement will see the company integrate Canva into its core platform, providing LiveTiles users the ability to rapidly build graphic design elements within the Intelligent Workplace, without the need for any previous design experience.

The post Why Dicker Data, Evolution, JB Hi-Fi, & LiveTiles shares are storming higher appeared first on Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia has recommended LIVETILES FPO. 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 Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2020