Day: September 1, 2021

Which ASX 300 shares are the biggest winners and losers on Thursday?

Winning woman smiles and holds big cup while losing woman looks unhappy with small cup

The S&P/ASX 300 Index (ASX: XKO) is continuing its run into negative territory today following the wrap-up of earnings season.

At the time of writing, the ASX 300 is down 0.71% to 7,475 points. This means the index has almost erased its August gains, sitting relatively flat for the last month.

Let’s take a look at which ASX companies are leading the charge today.

Paladin Energy Ltd (ASX: PDN)

The Paladin share price is again topping the charts, surging another 10.17% to a multi-year high of 65 cents.

The uranium producer has not released any market-sensitive news since its full-year results last Friday. However, in the annual report, the company did highlight progress on the Langer Heinrich Mine.

It appears investors are valuing Paladin shares at a bargain considering they have lifted by more than 30% in the past week.

Coronado Global Resources Inc (ASX: CRN)

Another big mover on the ASX 300 is the Coronado share price, up 6.59% to $1.172.

The coal miner also hasn’t reported anything new since its half-year results in mid-August. However, the spot price of coal has picked up steam since August 20, reaching a new record high of US$174.60 per tonne.

No doubt, this will translate into bumper profits for the company’s second half of FY21.

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is pushing 4.7% higher to $14.03 following director purchases over the last few days.

This comes after investors were initially spooked by the IT distributor’s chair and CEO David Dicker selling his shares. However, the share price weakness has presented a buying opportunity for some board members.

Dicker Data shares reached a record high of $16.60 last Thursday after reporting its FY21 interim results.

And the biggest fallers?

BHP Group Ltd (ASX: BHP)

The worst performer on the ASX 300 today is the BHP share price, down 6.84% to $41.95.

While no market-sensitive news has been released by the company, the share price fall can be attributed to BHP going ex-dividend today.

The board declared a fully franked final dividend of US$2.00 per share, which will land in shareholder accounts on 21 September.

United Malt Group Ltd (ASX: UMG)

Lastly, United Malt shares also crashed on Thursday, declining 6.48% to $4.115.

The commercial maltster released its full-year scorecard to the market late yesterday afternoon, recording significant one-off expenses. This weighed down the overall result along with recent COVID-19 restrictions affecting consumption in Asia and Australia.

The post Which ASX 300 shares are the biggest winners and losers on Thursday? appeared first on The Motley Fool Australia.

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Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

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Motley Fool contributor Aaron Teboneras 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 Dicker Data Limited. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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‘Price makers’: 2 ASX shares to protect against inflation

A sharp cactus beneath a deflated balloon, indicating the fight against inflation

Even though the market was obsessed with post-COVID inflation for the first few months of this year, that talk seems to have completely quietened down now.

With the Delta variant of COVID-19 plunging half of Australia into lockdown, the focus is now understandably on yet another recovery out of the pandemic.

But AMP Capital portfolio manager Dermot Ryan reckons rising inflation is still as relevant as ever for investors.

“Many economists seem unconcerned about the potential rise in inflation, often citing the current lockdown-induced slowdown. Some are even talking about a recession,” he wrote on the AMP Capital blog last week.

“We don’t believe we are in a recession. We are in a lockdown.”

He concedes growth might be lost this quarter, but the economic environment is still very “stimulatory”.

Look for ‘price-maker’ ASX shares to thrive in inflation

According to Ryan, in inflationary times like these, the best shares to buy are for businesses that can set their own price.

“We believe that quality companies that have price-making abilities, as opposed to price taking, in an inflationary environment, should be able to increase profit margins,” he said.

“If a company can push up the prices of its goods and services as costs rise, it potentially can increase its margins. We believe these types of companies would be attractive businesses to invest in.”

We already saw an example of this globally last month when US technology giant Microsoft Corporation (NASDAQ: MSFT) raised prices for its ubiquitous Office 365 business subscriptions.

According to CNBC, the rise was the first significant price change since the cloud software launched 10 years ago.

Microsoft could do this without fearing major customer churn because of its dominant market position and how valuable its products have become to its business clients.

Ryan told The Motley Fool that 2 local examples of such ‘price-maker’ businesses are Brickworks Limited (ASX: BKW) and APA Group (ASX: APA).

“Price-makers are generally companies with strong moats,” he said.

“In infrastructure, regulated returns are sometimes based on a weighted-average cost of capital and they have inbuilt inflation hedges as well. We expect both real estate and infrastructure assets should continue to perform well, as long as inflation expectations don’t get too high as these sectors generally rely [on] a high level of debt.”

Energy infrastructure provider APA Group has seen its shares lose 7.8% this year. Meanwhile, shares for constructions materials maker Brickworks have spiked up more than 22.6% in 2021.

Ryan also liked the pathology area of healthcare as another industry that has price-setting power.

“Pathology players are experiencing increased costs, because there are a lot more collections going on as a result of COVID-19 testing,” he said.

“They are able to pass through higher prices and they operate on very strong margins in our opinion. They are also experiencing operating leverage from increased volumes going through their businesses.”

The post ‘Price makers’: 2 ASX shares to protect against inflation appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

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.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

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Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tony Yoo owns shares of Microsoft. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Microsoft. The Motley Fool Australia owns shares of and has recommended APA Group and Brickworks. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Regis Resources (ASX:RRL) share price is falling on Thursday

a person in a business suit wipes his forehead with his handkerchief while a red, falling arrow zigzags downwards behind him

The Regis Resources Limited (ASX: RRL) share price is in the red today despite no news having been released by the company.

However, the price of gold is also falling today and might be dragging the gold miner’s shares down with it.

Right now, the Regis Resources share price is $2.40, 3.23% lower than its previous close.

Let’s take a closer look at Regis’ bad day on the ASX.

Regis struggles on Thursday

The Regis Resources share price is sliding today despite silence from the company.

However, while there’s not much talk from Regis today, it’s among many gold companies struggling alongside the price of gold.

The price of gold has spent most of today trending lower. Right now, it’s US$1,814.60 an ounce, US$1.40 lower than it ended yesterday.   

According to reporting by Reuters, while most of Australia slept, the price of gold was falling alongside the US dollar. The trend now seems to have continued beyond the US’s bedtime.

The publication states the US dollar was being weighed down by a US national employment report that found the nation’s private employers’ employment figures were below expectations.  

The ASX 200 gold sector is also a sea of red. Other gold-producing giants struggling include Newcrest Mining Ltd (ASX: NCM), Northern Star Resources Ltd (ASX: NST), and Evolution Mining Ltd (ASX: EVN). Their share prices are down 1.53%, 2.37%, and 2.63% respectively.

Regis Resources share price snapshot

Today’s flop has added to the Regis share price’s recent woes.

At the time of writing, it is 35% lower than it was at the start of 2021. It has also fallen a whopping 53% since this time last year.

At its current share price, Regis has a market capitalisation of around $1.8 billion.

The post The Regis Resources (ASX:RRL) share price is falling on Thursday appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

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.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

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Motley Fool contributor Brooke Cooper 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.

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Tyro (ASX:TYR) share price edges higher as CEO calls for open borders

A masked shopkeeper holds a closed sign in his empty store.

The Tyro Payments Ltd (ASX: TYR) share price is back in the green, up 0.67% to $3.77 at the time of writing, after earlier posting losses of 1.0%.

Last week, on 26 August, the ASX payments company reported record results for the full 2021 financial year.

Today, in a statement unlikely to have an immediate material impact on Tyro’s share price, the company’s CEO, Robbie Cooke, called for Australia’s state borders to reopen once the nation hits a 70% vaccination level.

What did Tyro’s CEO recommend?

Noting that most of Tyro’s customers are involved in the retail and hospitality sectors, Cooke called on the government to offer a clear reopening plan following a new wave of COVID-19 lockdowns.

As reported by The Sydney Morning Herald, Cooke said it wasn’t a “sensible nor sustainable proposition to have the state borders locked down“.

Cooke was quoted as saying:

Once all jurisdictions get to 70%, governments across the country need to act in a coordinated way. It is exceptionally damaging for businesses if Queensland is locked down and the rest opens up, it does not make sense. It’s going to be damaging for Queensland businesses.

Different states have been spruiking different reopening plans. And a lack of clarity remains about the future of vaccine passports and whether vaccines can be made mandatory.

With those issues in mind, Cooke said, “The [federal] government has to give businesses certainty around what they need to do and how they need to open themselves back up.”

Tyro share price snapshot

The Tyro share price is up 12% year-to-date, just edging out the 11.6% gains posted by the S&P/ASX 200 Index (ASX: XJO).

Over the past month, Tyro’s share price has gained 7.4%, while the ASX 200 has slipped 0.4% into the red.

The post Tyro (ASX:TYR) share price edges higher as CEO calls for open borders appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Tyro Payments. 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.

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