Day: October 4, 2021

Bullish on lithium and batteries? 4 ASX shares playing into this theme: fund manager

green investor with technology sitting on a ledge looking out onto trees through a window

ASX shares in the renewables and green metals space has been a big winner this year as investors flock into the theme of environmental, social and governance, or ESG, investing.

In an article featured on Livewire, chief investment officer and founder of Regal Investment Fund (ASX: RF1) Phil King spoke at the company’s investor briefing last week. He backs two major themes, a mining bull market and green metals, especially batteries.

King and the team at Regal pointed to four ASX shares, spanning S&P/ASX 200 Index (ASX: XJO) constituents to newly listed initial public offerings.

4 ASX shares for renewables exposure

1. Chalice Mining Ltd (ASX: CHN)

The Chalice share price has boomed an extraordinary 2,500% since the company began its extensive drilling program at its Julimar Nickel-Copper-Platinum Group Element (PGE) project in Western Australia.

Chalice believes it’s positioned to emerge as a “world-class, strategic deposit of critical, ‘green metals’ in a world-class jurisdiction” that is “highly leveraged to battery and hydrogen technology adoption”, according to its Diggers and Dealers Mining Forum 2021 presentation.

The team at Regal share the same view, saying:

… we believe (Chalice) has discovered a new tier-one green metals province, remarkably, only 60 kilometres east of Perth, which has the potential to become the most significant polymetallic discovery in Australia.

2. Novonix Ltd (ASX: NVX)

Up until last week, the Novonix share price managed to boom 450% year-to-date.

Regal described the company as one that is “engaged in a diverse range of battery-related technologies and is a global leader in producing high-quality synthetic graphite for battery anodes”.

It would also be remiss not to mention its collaboration with Tesla.

3. PPK Group Limited (ASX: PPK)

The PPK share price has fallen off a cliff in recent weeks, losing more than a third in value since mid-September.

The trending PPK share price came to a grinding halt when the company announced a joint venture to manufacture anti-viral and anti-bacterial face masks on 23 September.

Despite the diversified nature of PPK’s business, spread across batteries, ballistic armour, dental products and mining technology, Regal pointed out that:

(PPK) has made significant progress this year in research and development. PPK’s subsidiary Li-S Energy … is developing lithium-sulphur batteries … a competing technology to the well accepted lithium-ion batteries.

4. Li-S Energy Ltd (ASX: LIS)

Li-S Energy made its ASX debut on 28 September, surging as high as $3.05 on open compared to its listing price of just 85 cents.

The company is a spin-off of PPK Group, attempting to disrupt the battery market with a more efficient, safer, faster charging and environmentally friendly lithium-sulphur battery.

The post Bullish on lithium and batteries? 4 ASX shares playing into this theme: fund manager 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 Kerry Sun 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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How has the AMP (ASX:AMP) share price beaten the market over the past week?

Man in an office celebrates at he crosses a finish line before his colleagues.

The AMP Limited (ASX: AMP) share price hasn’t exactly amassed a reputation as a market beater over the past few years.

It’s a sad fact for shareholders that AMP has been one of the worst-performing ASX blue-chip investments in recent memory. This company is still down more than 80% over the past 5 years alone, and down close to 94% from the most recent all-time high, which happened to occur way back in 2002.

We are probably all aware of AMP’s shortcomings by now, considering the public excoriation it received following the 2018 banking royal commission.

But a little more recently, the AMP share price’s fortunes seem to have been given something of a reprieve.

Over the past week (or 5 trading days), the AMP share price has gained a healthy 1.18%. Over the same period, the S&P/ASX 200 Index (ASX: XJO) has gone the other way, falling by around 0.75%. That means AMP shares have been a market-beating investment for the past week. By quite a large margin too.

In fact, AMP is now up a very robust 17% since it last found a new 52-week (and all-time) low of 88 cents a share late last month. Once again, AMP has outperformed the ASX 200 over this period. The Index went backward by roughly 1% over the same span.

So what’s going on with AMP? Why have investors suddenly started sending this embattled company higher?

AMP share price pulls back from the brink

Well, it’s not exactly clear – the company has not announced any news or major developments recently.

However, AMP hasn’t been entirely out of the limelight. The company has recently launched a new advertising campaign, highlighting its long history of wealth management in the Australian economy. The campaign launched with a 60-second television advertisement that played during Sunday’s NRL Grand Final, according to adnews.com.au.

According to AMP’s corporate newsroom, the new campaign is “focused on recognising the importance of investing for all Australians”.

Here’s some of what AMP CEO Alexis George had to say on the campaign:

AMP is one of the most recognised brands in Australia and has a long history of supporting its customers and the community to plan and invest for the future.

One of my key priorities since joining in August has been to restore pride and trust in AMP. I have spent time listening to our customers and can clearly see the underlying goodwill towards AMP – a goodwill that has been built over a 172-year history and a purpose of supporting Australians…

As we transform AMP, it will be important, more than ever, that we show how AMP can help every Australian achieve their goals through the services we offer.

So it’s possible this new marketing endeavour has given investors the boost they needed to buy back into AMP shares over the past week. Or it could just be a good old-fashioned rush to buy shares at a cheap price.

Whatever the reason for AMP’s stellar week or two, shareholders will no doubt be relieved that AMP has pulled back from the lows we saw last month. At least for now.

At the current AMP share price of $1.03, this company has a market capitalisation of $3.37 billion.

The post How has the AMP (ASX:AMP) share price beaten the market over the past week? appeared first on The Motley Fool Australia.

Should you invest $1,000 in AMP right now?

Before you consider AMP, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and AMP wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

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Motley Fool contributor Sebastian Bowen 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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Leading brokers name 3 ASX shares to buy today

ASX shares Business man marking buy on board and underlining it

With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Brambles Limited (ASX: BXB)

According to a note out of UBS, its analysts have upgraded this supply chain logistics company’s shares to a buy rating with an improved price target of $13.30. UBS believes that Brambles is well-positioned to benefit from current supply chain conditions. The broker expects the company to be able to lift prices beyond inflation due to a lack of availability of pallets. The Brambles share price is fetching $10.58 on Tuesday.

Life360 Inc (ASX: 360)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $10.50 price target on this app maker’s shares. The broker has been looking at app download data for the company’s increasingly popular Life360 app. That data reveals that downloads are up 71% over the year. Morgan Stanley believes this puts the company on track to deliver on its expectations this year. The Life360 share price is trading at $8.34 this afternoon.

Uniti Group Ltd (ASX: UWL)

Analysts at Bell Potter have upgraded this internet provider’s shares to a buy rating with a $4.50 price target. According to the note, the broker made the move largely on valuation grounds after some recent weakness in the Uniti share price. Its analysts believe the company’s shares are good value considering its strong growth prospects. Bell Potter expects underlying EBITDA of $146.3 million in FY 2022. This represents a 56% year on year increase and is expected to be driven by a mix of organic growth and full 12-month contributions from acquisitions. The Uniti share price is fetching $3.73 today.

The post Leading brokers name 3 ASX shares to buy today 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

More reading

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. owns shares of and has recommended Life360, Inc. The Motley Fool Australia has recommended Uniti Group 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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Volpara (ASX:VHT) share price edges lower despite biggest contract win

a sonographer monitors an image of a patient's breast on a screen with the patient standing at an imaging device in the background.

The Volpara Health Technologies Ltd (ASX: VHT) share price is heading south today regardless of the company’s significant positive announcement.

At the time of writing, the healthcare technology company’s shares are down 2.54% to $1.15.

Volpara secures largest-ever contract

According to the company’s announcement, Volpara advised it has signed its biggest contract to date with leading US outpatient diagnostic imaging provider Akumin.

Founded in 2015, Akumin provides freestanding, fixed-site outpatient diagnostic imaging services in the United States. The company is considered the fastest growing provider in this market across the US.

Akumin has an extensive network of 170 locations in 11 states, conducting more than 5,000 procedures per day.

The five-year deal is valued at US$2.15 million which represents an annual recurring revenue (ARR) of US$430,000.

Under the agreement, Volpara will install its Patient Hub software across Akumin’s network of imaging centres. The software solution is expected to provide a standardised patient tracking platform that incorporates Volpara Risk and Scorecard.

As such, this will enable Akumin to accurately decide the appropriate personalised breast cancer screening pathway for each patient.

Volpara estimates that at least one of its software products is used in the breast cancer screening of more than 33% of women in the US.

Whilst the announcement is extremely positive, it appears the broader All Ordinaries Index (ASX: XAO) is weighing down the Volpara share price. The index is currently down 0.90% to 7,508.7 points.

Volpara group CEO Dr Ralph Highnam commented:

While we would not normally announce individual deals, this is Volpara’s highest-value contract signed to date.

We are experiencing tremendous momentum for our platform in the market as we bring together best-of-breed patient tracking, risk assessment, and density scoring to allow our customers to provide their patients with the individualised care they deserve.

Our platform provides both Volpara and our customers with a significant advantage and is enabling us to seek out opportunities that did not exist even a couple of years ago.

About the Volpara share price

The past 12 months have been disappointing for investors with the company’s shares down 13%. Year-to-date, their losses are further magnified, almost 20% lower over the period.

Based on today’s price, Volpara presides a market capitalisation of roughly $29 million and has approximately 251.3 million shares outstanding.

The post Volpara (ASX:VHT) share price edges lower despite biggest contract win appeared first on The Motley Fool Australia.

Should you invest $1,000 in Volpara right now?

Before you consider Volpara, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Volpara wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

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 VOLPARA FPO NZ. The Motley Fool Australia owns shares of and has recommended VOLPARA FPO NZ. 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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