Day: October 6, 2021

The ETFS Hydrogen ETF (ASX:HGEN) just debuted on the ASX. How is it going?

Hydrogen bubble in blue

The ASX boards have welcomed a new listing this morning. No, it’s not exactly an IPO (initial price offering). But it is a new investment, an exchange-traded fund (ETF) to be precise. Yes, the ETFS Hydrogen ETF (ASX: HGEN) is now officially trading on the ASX share market.

As we covered yesterday, ETFS has now launched a hydrogen-focused ETF product, focusing on the emerging ‘hydrogen economy’.

Hydrogen is an element that forms a gas in its rare, pure form. However, it is abundant on earth in water (the H in H2O). Pure hydrogen is a powerful fuel (as the Hindenburg infamously discovered), and can be used to generate and store clean energy. As such, there is a lot of interest in hydrogen’s potential future applications, and its role in helping to mitigate the effects of climate change.

But until now, there was no ASX ETF that investors could turn to if they wanted exposure to some of the companies in this exciting space.

New Hydrogen ETF joins the ASX

No longer. The ETFS Hydrogen ETF has just floated on the ASX, meaning any investor can now buy shares, as they would with any other ETF or company.

So how has this new ETF performed so far on its first day of trading?

Well, HGEN units opened this morning at a price of $10.09. At the present time, they are up 0.3% to $10.12 a unit.

Not a spectacular debut in the leagues of some other recent ASX IPOs, but still a solid initial performance one could say.

So what kinds of companies does this new ETF invest in?

Well, according to the provider, this ETF is currently invested in a portfolio of 30 shares. These 30 companies are spread pretty evenly around the world. 27% of the holdings call the United Kingdom home, while another 26.3% do the same for the United States. South Korea is next up with an allocation of 17.1%, followed by Canada with 9.8%.

Here’s a list of HGEN’s current top 10 holdings:

  1. Ballard Power Systems Inc (NYSE: BLDP) with a portfolio weighting of 8.5%
  2. ITM Power plc (LON: ITM) with a weighting of 7.7%
  3. Ceres Power Holdings plc (LON: CWR) with a weighting of 6.9%
  4. Linde plc (NYSE: LIN) with a weighting of 4.8%
  5. Johnson Matthey plc (LON: JMAT) with a weighting of 5.5%
  6. McPhy Energy SAS (EPA: MCPHY) with a weighting of 1.4%
  7. Luxfer Holdings plc (NYSE: LXFR) with a weighting of 1.4%
  8. AFC Energy plc (LON: AFC) with a weighting of 1.2%
  9. Xebec Adsorption Inc (TSE: XBC) with a weighting of 0.9%
  10. Fusion Fuel Green plc  (NASDAQ: HTOO) with a weighting of 0.3%

The ETFS Hydrogen ETF tracks the Solactive Global Hydrogen ESG Index, which has delivered a performance of 40% over the past 12 months. HGEN charges a management fee of 0.69% per annum.

The post The ETFS Hydrogen ETF (ASX:HGEN) just debuted on the ASX. How is it going? appeared first on The Motley Fool Australia.

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

Before you consider HGEN, 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 HGEN 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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Which ASX 300 shares are the biggest winners and losers on Thursday?

children dressed up in adult clothes at a bingo night with one child winning

The S&P/ASX 300 Index (ASX: XKO) is climbing in afternoon trade, after moving in circles during the morning period.

At the time of writing, the ASX 300 is up 0.82% to 7,263.3 points. The index had fallen around 1% over the past 2 trading days. However, those losses have now been erased.

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

Sezzle Inc (ASX: SZL)

At the time of writing, the Sezzle share price is rocketing 11.36% to $5.49, despite no news from the buy now, pay later (BNPL) company.

A reason for its shares accelerating could be that United States retail giant Target has announced the launch of a BNPL offering. Recently, the retailer partnered with Sezzle to entice customers with its affordable payment solutions.

The deal could have a huge impact on Sezzle’s bottom line. Target is the eighth largest retailer in the United States, with a network of more than 1,909 stores.

Novonix Ltd (ASX: NVX)

Also soaring today is the Novonix share price, currently up 7.72% to $5.30.

The lithium company’s shares had suffered heavy losses since the begging of October, but seem to have reached a support level.

Investors could be taking advantage of the recent share price weaknesses.

In the past week, Novonix shares fell by more than 20%, hitting a monthly low of $4.92 yesterday.

Super Retail Group Ltd (ASX: SUL)

Another strong performer on the ASX 300 so far today is the Super Retail share price, which is up 7.31% to $12.33.

The retail conglomerate’s shares have risen on the back of a positive broker note from Swiss investment firm, UBS.

Its analysts upgraded the company’s outlook to “buy” from a “neutral” rating. UBS said it is confident that spending in the retail sector will pick up towards the Christmas holiday season.

As such, the broker put a 12-month price target of $13.50 on Super Retail’s shares. Based on the current share price, this implies an upside of about 10% on UBS’ estimate.

And which ASX 300 companies are heading south?

Yancoal Australia Ltd (ASX: YAL)

Sinking today is the Yancoal share price, down 9.25% to $3.63 apiece.

The Australian energy company hasn’t provided any price-sensitive news to the market, but its shares have tumbled. It joins a number of ASX energy sector companies slipping into the red today.

Yancoal shares touched the $4 mark at market close on Wednesday, reflecting a 40% gain for the week.

Whitehaven Coal Ltd (ASX: WHC)

Also sliding on the ASX 300 today is the Whitehaven share price, down by 8.08% to $3.30.

The Australian-based coal miner’s shares have risen strongly since the middle of May, up roughly 180%. Underpinning the share price gains is the surging price for coking coal which is trading at US$230 a tonne.

It’s also worth noting that Whitehaven shares were trading at a 52-week high of $3.64 yesterday.

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

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

Before you consider Novonix, 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 Novonix 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 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 Super Retail Group Limited. The Motley Fool Australia owns shares of and has recommended Super Retail 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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Why has the Helloworld (ASX:HLO) share price leapt 12.5% in a week?

The Helloworld Travel Ltd (ASX: HLO) share price has taken off over the last week despite no news having been released by the company.

However, the company’s stock’s surge came amid a barrage of good news for the travel industry.

At the time of writing, the Helloworld share price is $2.88, 0.69% lower than its previous close but 12.5% higher than it was this time last week.

Let’s take a closer look at what might have driven positive sentiment in the Helloworld share price, and the entire travel sector, over the last 5 trading days.  

Helloworld share price surges 12.5%

The Helloworld share price has taken off over the last week despite the company’s silence.

However, it might be being boosting by exciting news from the Prime Minister.

On Friday, Prime Minister Scott Morrison announced Australia’s international borders will begin to open to vaccinated travellers from November.

That means, for the first time since March 2021, vaccinated Australians will be able to travel freely in and out of the country. Though, only states that allow home quarantine will be able to receive incoming travellers.

In what may have been a reaction to the news, the Helloworld share price soared 5.4% on Friday. It then gained another 14.8% on Monday.

It’s unclear as to which states will begin offering Australians the ability to isolate at home. Previously, both South Australia and New South Wales have completed successful home quarantine trials.

Additionally, as ABC News has reported, Queensland is set to begin a home quarantine trial next week. Up to 1,000 Queenslanders from the state’s Southeast region will reportedly be able to return from interstate COVID-19 hotspots, beginning on 11 October.

While vaccinated travellers may soon be able to quarantine at home for 7 days upon arriving in Australia, non-vaccinated travellers will still face 14 days of managed quarantine.

On that note, Australia’s vaccine rollout passed a major milestone yesterday. Now, over 80% of all Australians have had at least one jab.

How has the broader travel sector performed this week?

Perhaps unsurprisingly, the Helloworld share price isn’t alone in its gains this week. Shares in fellow online travel agent, Flight Centre Travel Group Ltd (ASX: FLT) have surged 7.6% over the last week.

Though, not all are sharing in the gains. The Webjet Limited (ASX: WEB) share price has slid 0.2% over the last 7 days. Meanwhile, that of Qantas Airways Limited (ASX: QAN) has dropped 1.2%.  

The post Why has the Helloworld (ASX:HLO) share price leapt 12.5% in a week? 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. owns shares of and has recommended Helloworld Limited. The Motley Fool Australia owns shares of and has recommended Helloworld Limited and Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel 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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Here’s why the Metalstech (ASX:MTC) share price is sliding on Thursday

A miner in visibility gear and hard hat looks seriously at an iPad device in a field where oil mining equipment is visible in the background.

The Metalstech Ltd (ASX: MTC) share price is taking a hit today and is now sliding 4% into the red at 61 cents at the time of writing.

Metalstech shares are edging lower today despite the company providing a key update to its “bonanza gold hit” at its Sturec mine in Slovakia.

Here’s what we know.

What did Metalstech announce?

The company provided an “upward revision” of its previously announced gold strike at the Sturec site.

In that release, Metalstech noted that it had intersected thick, mineralised zones for 622 grams-metres, including high-grade zones.

The company believes the find is so significant, it labelled it a new “bonanza” result at the time – interesting terminology for a publicly listed entity.

Alas, the results from drill hole UGA-18 have been updated after the company received screen assay results from visible gold samples obtained from its diamond drilling program.

The outcomes return “an improved 646g/t Au result”, up from a previous estimate of 594g/t Au, whilst overlimits analysis for silver returned a 459g/t Ag result.

As such, the company advised it intersected a thick, continuous mineralised zone for an “extraordinary 673 grams-metres, including higher-grade zones” – up from 622 in the previous announcement.

Metalstech does leave a cautionary note regarding its specific drill results, that state the intersections are “not a true thickness, as the drill hole was drilled at an angle to the mineralised zones” due to underground drill sites.

Today’s release builds on three prior announcements out of Metalstech’s camp in the past few weeks, each centred on the mineralisation finds at Sturec.

Investors have rewarded the company on this backdrop, and the Metalstech share price has soared around 135% from 26 cents in early September.

Despite today’s announcement, investors don’t appear too impressed by the updates. The Metalstech share price has also come off its 52-week high of 70 cents on October 4 – the date of its last release. That’s a 13% drop in just a few days.

This follows selling pressures from Wednesday, where the company announced an update on a key investment into its lithium spinout vehicle, Winsome Resources (ASX: WR1).

And the selling pressures continue today, with the gold exploration company’s shares edging lower across the day, down from an intraday high of 67.5 cents in early trade.

Metalstech share price snapshot

Zooming out, the picture is far brighter, as the Metalstech share price has climbed 198% this year to date, and over 276% this past 12 months.

Metalstech shares have also rallied 118% this past month alone, and are up 8% in the past week.

These results outpace the S&P/ASX 200 index (ASX: XJO)’s climb of around 25% in the last year.

The post Here’s why the Metalstech (ASX:MTC) share price is sliding on Thursday appeared first on The Motley Fool Australia.

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

Before you consider Metalstech, 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 Metalstech 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

The author Zach Bristow has no positions 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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