Day: 11 January 2022

If you’re a fan of growth shares, then you may want to look closely at the three shares listed below.

Here’s why these could be growth shares to buy:

Altium Limited (ASX: ALU)

Altium is an electronic design software provider behind the Altium 365 and Altium Designer platforms. It also has a number of complementary businesses such as Nexus and Octopart. All in all, these have positioned the company perfectly to profit from the increasing demand for electronic design software due to the rapidly growing Internet of Things (IoT) and AI markets. Jefferies has a buy rating and $48.83 price target on the company’s shares.

Breville Group Ltd (ASX: BRG)

Breville is one of the world’s leading appliance manufacturers. It has been growing at a consistently solid rate for the last decade and looks well-placed to continue this trend in the future. This is thanks to the popularity of its numerous brands (Breville, Kambrook, Sage, etc), its international expansion, acquisitions, favourable consumer trends, and its ongoing investment in R&D. The latter ensure its products are at the forefront of industry innovation. Macquarie is very positive on the company and has an outperform rating and $34.37 price target on its shares.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Domino’s is one of the world’s largest pizza chain operators with stores across the ANZ, Asia-Pacific, and European regions. At the end of FY 2021, the company had a total of 2,974 stores across its network. While this is undoubtedly a large number, management isn’t planning to stop there. In fact, it is targeting 6,650 stores in existing markets by 2033. It also has the balance sheet capacity to expand into other markets through acquisitions. All in all, this bodes well for its growth over the next decade. Goldman Sachs is a fan of the company. It currently has a buy rating and $147.00 price target on Domino’s shares.

The post 3 fantastic ASX growth shares rated as buys appeared first on The Motley Fool Australia.

More reading

• 3 excellent ASX shares for growth investors in January
• Brokers name 3 ASX shares to buy today
• 2 excellent ASX tech shares to buy after the market meltdown
• 2 quality ASX growth shares tipped as buys
• Why Afterpay, Altium, Aristocrat Leisure, and Pro Medicus shares are sinking

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 and has recommended Altium. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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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Today, the S&P/ASX 200 Index (ASX: XJO) disappointed investors with another red showing. At the end of the session, the benchmark index was down 0.71% to 7,710.7 points.

Unfortunately, it was another somewhat sombre showing across the Aussie share market today. After the dust settled, only one sector managed to finish in the green. With a few strong performing gold and iron ore miners, the materials sector finished 0.03% higher. Meanwhile, consumer staples ended up being the worst-performing sector.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Alumina Ltd (ASX: AWC) was the biggest gainer today. Shares in the alumina and aluminium mining and refining company added 3.88% despite there being no new announcements. Find out more about Alumina here.

The next biggest gaining ASX share today was Magellan Financial Group Ltd (ASX: MFG). The fund manager enjoyed a 2.72% rise in its share price irrespective of there being no news from the company today. Uncover the latest Magellan Financial Group details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Alumina Ltd (ASX: AWC)	$2.01	3.88%
Magellan Financial Group Ltd (ASX: MFG)	$21.15	2.72%
Evolution Mining Ltd (ASX: EVN)	$3.86	2.66%
Fortescue Metals Group Ltd (ASX: FMG)	$21.12	2.33%
TELIX Pharmaceuticals Ltd (ASX: TLX)	$8.35	2.20%
Zimplats Holdings Ltd (ASX: ZIM)	$24.49	2.08%
Incitec Pivot Ltd (ASX: IPL)	$3.44	2.05%
AGL Energy Ltd (ASX: AGL)	$6.96	2.01%
Virgin Money UK PLC (ASX: VUK)	$3.55	1.82%
Zip Co Ltd (ASX: Z1P)	$3.92	1.79%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• ASX 200 retail shares slump despite higher-than-expected sales
• Dividend beasts: 5 ASX 200 shares with the highest dividend yield
• ‘Stop viewing cash as a safe investment’: Ray Dalio
• ASX 200 (ASX:XJO) midday update: PolyNovo rockets, Inghams sinks
• 2 high-yielding ASX 200 dividend shares to boost income

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ZIPCOLTD FPO. 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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The Motley Fool Australia’s chief investment officer (CIO), Scott Phillips recently shared his top five ASX shares for 2022 recently. These potential investment opportunities are different in what they offer, though all of them have made their way onto Phillips’ radar.

In discussion with Gemma Dale of the National Australia Bank Ltd. (ASX: NAB), Phillips provided an overview of each ASX opportunity. This followed an earlier conversation about an ASX share that The Motley Fool’s CIO plans to hold forever.

Let’s take a closer look at each of the potential investments mentioned.

5 ASX shares catching Scott Phillips’ eye in 2022

Adore Beauty Group Ltd (ASX: ABY)

The first ASX share making Phillips’ top five is Adore Beauty — an online retailer of beauty and skincare products. While the company’s share price might be down 19% in the last year, the astute investor explained why the business looks attractive.

Phillips said:

They have done a really fantastic job in providing a great website; a really good community; a really fantastic customer service experience, including the fabled Tim Tam in every order… It’s a company that has been going from strength to strength.

Recently, analysts over at UBS put a price target of $6 on Adore Beauty shares. This would suggest a potential upside of 39.5% from today’s current price.

Kogan.com Ltd (ASX: KGN)

Another beaten-down ASX share found itself among Phillips’ recent pick of the bunch for 2022. The Australian and New Zealand e-commerce competitor has plummeted 58% over a rough 12-month stretch for online retail. Investors have shied away from Kogan since the COVID-19 vaccine’s approval.

Commenting on the potential inside Kogan shares, Scott Phillips noted:

A little bit like Adore, Kogan has been growing top-line sales at 20 to 30 percent per annum for years and years. The challenger for shareholders right now is: even at the current share price, if it can keep growing those sales at even a moderately similar rate for a small to medium amount of time, these shares in my view are cheap.

For reference, Credit Suisse currently holds a ‘buy’ rating on the Kogan share price. Likewise, the broker has a $13.88 price target on this ASX share. At the time of writing, the e-commerce company is going for $8.24 per share.

Betashares Nasdaq 100 ETF (ASX: NDQ)

Switching it up, the Nasdaq 100 exchange-traded fund (ETF) made its way into Phillips’ top five picks. While it may not be an ASX share, per se, it is an investment listed on the ASX nonetheless. Another difference is the fact that this pick provides exposure to companies in the United States — specifically the top 100 in the Nasdaq index.

I think the Nasdaq ETF is a really, really great way to get one-click access to massive numbers of great US businesses with really bright futures. You get all of that diversification benefit for free.

Unlike the first two opportunities, the Nasdaq 100 ETF is positive when looking at its performance over the past year. Investors of this ETF have captured a 24.8% return if they have stuck it out for the last 12 months.

NIB Holdings Limited (ASX: NHF)

Another ASX share in the green on the list is the private health insurer, NIB Holdings. This company has managed to cut through the volatility and give shareholders a solid 20.9% return during the year gone by. Although Phillips admits that NIB operates in a tough industry, he still sees reason to potentially pick up a parcel in this company.

Notably, the chief investment officer highlights that NIB has gradually been chipping away at the market share of its peers.

In addition, the insurer has been acquiring a string of insurance providers that operate in industries that are less regulated. For example, travel insurance and insurance for incoming students for study.

Treasury Wine Estates Ltd (ASX: TWE)

Finally, the last ASX share squeezing its way into the top five picks for 2022 is Treasury Wine Estates. This is a global winemaking and distribution business, boasting renowned labels including Penfolds, Wolf Blass, and 19 Crimes.

Out of all the investment opportunities on this list, Treasury Wines has performed the best in the last year — rising 34% — despite impacts from China tariffs on the Australian winemaker.

In explaining the case for this company, Phillips said:

I think Treasury is doing a really good job of executing on a difficult business in a very clever way. I think the shares are not super-cheap right now. But I think you’re getting a really high-quality business, super recognisable brands, and great brand value in those brands

Lastly, Citi has a price target of $13.80 on Treasury Wine Estates.

The post Here are Scott Phillips’ top 5 ASX shares for 2022. Is it time to buy? appeared first on The Motley Fool Australia.

More reading

• 2 excellent ETFs for ASX investors to buy and hold
• Own NIB (ASX:NHF) shares? Here are the key dates for your investor diary in 2022
• These are the 10 most shorted ASX shares
• 5 things to watch on the ASX 200 on Monday
• What brokers are saying about the Treasury Wine (ASX:TWE) share price

Motley Fool contributor Mitchell Lawler owns shares in Kogan.com ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended BETANASDAQ ETF UNITS and Kogan.com ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia owns and has recommended BETANASDAQ ETF UNITS and Kogan.com ltd. The Motley Fool Australia has recommended Adore Beauty Group Limited, NIB Holdings Limited, and Treasury Wine Estates 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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Investors that are looking to make long term buy and hold investments might want to consider the exchange traded funds (ETFs) listed below.

These two ETFs are among the most popular on the share market and for good reason. Here’s what you need to know about them:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The first ETF to look at is the BetaShares NASDAQ 100 ETF. It aims to track the performance of the NASDAQ 100 Index before fees and expenses. This index comprises 100 of the largest non-financial companies listed on Wall Street’s NASDAQ stock exchange.

This means that you’ll be buying many of the tech companies that are at the forefront of the new economy. BetaShares highlights that this area of the market is underrepresented on the Australian share market. As a result, it feels the ETF could benefit investors that already have large exposure to banks and mining shares and little exposure to technology.

Among the companies you’ll be buying a slice of are global giants Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, Netflix, Nvidia, and Tesla.

The BetaShares NASDAQ 100 ETF has provided investors with a return of 27.7% over the last five years. This would have turned a $10,000 investment into ~$34,000.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

Another ETF to look at is the Vanguard MSCI Index International Shares ETF. This ETF provides investors with exposure to ~1,500 of the world’s largest listed companies from major developed countries.

Vanguard believes this ETF would be suitable for buy and hold investors that are seeking long-term capital growth, some income, and international diversification. This is because it provides exposure to a broadly diversified range of securities that allow investors to benefit from the global economy’s long term growth.

Among the companies included in the fund are behemoths such as Apple, Johnson & Johnson, JP Morgan, Mastercard, Nestle, Procter & Gamble, and Visa.

The Vanguard MSCI Index International Shares ETF has generated a total return of almost 15.2% per annum over the last five years. This would have turned a $10,000 investment into over $20,000.

The post 2 excellent ETFs for ASX investors to buy and hold appeared first on The Motley Fool Australia.

More reading

• 3 ASX ETFs for smart investors in 2022
• Here’s why 2021 was a stellar year for the Vanguard International Shares ETF (ASX:VGS)
• 2 of the best ETFs for diversification
• 3 high quality ETFs for ASX investors in January
• Are these 2 strong ASX growth shares to buy?

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 and has recommended BETANASDAQ ETF UNITS and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia owns and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended Vanguard MSCI Index International Shares ETF. 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 S&P/ASX 200 Index (ASX: XJO) had a roaring 2021 – it gained 13% – but many of its retail constituents performed better.

The index doesn’t include many retailers, but some of those that earned their way into its ranks proved that they belong there last year.

Let’s take a look at which retailers were the top performing ASX 200 shares in their class in 2021.

Here are the 5 top performing ASX 200 retail shares of 2021

Premier Investments Limited (ASX: PMV) – gained 28.9%

The Premier Investments share price outperformed all its peers last year, surging from where it ended 2020 – $23.51 – to finish 2021 at $30.32.

Those who frequent shopping centres have likely seen the company’s brands. It owns the likes of Smiggle, Jay Jays, Peter Alexander, and Dotti.

A trading update in January got the stock off to the right start last year and its continued strong performance kept it on track.

Super Retail Group Ltd (ASX: SUL) – gained 18.3%

After closing 2020 at $10.53, the Super Retail share price took off over 2021 to end the year at $12.46 – a gain of 18.32%.

Like Premier Investments, shoppers will probably be familiar with the company’s brands, which include BCF, Rebel, and Supercheap Auto.

The best day of 2021 for the Super Retail share price came on 7 October when it gained 7%, potentially spurred by a broker upgrade.

Wesfarmers Ltd (ASX: WES) – gained 17.6%

ASX 200 giant Wesfarmers has landed on this list, taking out the final medal for retail shares.  

The company’s stock grew from $50.40 at the end of 2020 to finish 2021 at $59.30.

Over 2021, Wesfarmers worked to takeover the owner of Priceline stores, Australian Pharmaceutical Industries Ltd (ASX: API).

The company operates retail stores including Kmart, Officeworks, and Bunnings.

Woolworths Group Ltd (ASX: WOW) – gained 14%

The Woolworths share price also outperformed the market in 2021 – just.

Its stock was swapping hands for $33.30 at the end of 2020. Come the final session of 2021, it closed at $38.01. That represents a 14.1% gain.  

The major news of Woolworths last year was, of course, the demerger of Endeavour Group Ltd (ASX: EDV).

Through the demerger, the company spun out its drinks businesses, including Dan Murphy’s and BWS, into a stand-alone ASX-listed company.

Harvey Norman Holdings Limited (ASX: HVN) – gained 5.3%

Finally, while the Harvey Norman share price didn’t manage to beat the market last year, it did land itself in fifth place on this list.

The stock started the year off well, surging to a multi-year high of $4.93. Then, in February, it hit a 10 year high of $5.68.

Harvey Norman didn’t hold onto those early gains. It ended the year trading at $4.94. Though, that’s still higher than where it finished 2020 – at $4.69.

That’s despite the company’s share price falling all 3 times the company released periodic earnings last year. First in February, again in August, and once more in November.

The post There were the 5 best performing ASX 200 retail shares of 2021 appeared first on The Motley Fool Australia.

More reading

• ASX 200 retail shares slump despite higher-than-expected sales
• Woolworths (ASX:WOW) supply woes continue with retailer receiving half of normal deliveries
• Following the Wesfarmers (ASX:WES) API takeover? Here are some key dates to watch out for
• Top ASX dividend shares to buy in 2022
• ASX 200 (ASX:XJO): Woolworths withdraws API proposal, tech shares rebound

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 and has recommended Super Retail Group Limited. The Motley Fool Australia owns and has recommended Harvey Norman Holdings Ltd., Super Retail Group Limited, and Wesfarmers Limited. The Motley Fool Australia has recommended Premier Investments 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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Strong retail sales data released today failed to lift sentiment towards ASX 200 retail shares this afternoon.

Retail trade jumped 7.3% month-on-month to $33.4 billion in November last year, according to the Australian Bureau of Statistics (ABS).

That’s around twice what economists surveyed by Bloomberg were expecting, reported The Australian, and is 5.8% above November 2020.

Big rebound in consumer discretionary spending

The increase marked the largest monthly improvement since May 2020 when retail trade surged 16.6%. That followed a 17.4 per cent plunge in the first round of COVID-19 lockdowns in April that year.

Consumer discretionary goods are leading the rebound in retail sales. Footwear and personal accessory retailing surged 38.2% in November, department stores added 26% and household goods improved 11.6%.

But ASX 200 retail shares aren’t celebrating today. The Premier Investments Limited (ASX: PMV) share price closed down 1.75%, Wesfarmers Ltd (ASX: WES) shares fell 1.35%, and the JB Hi-Fi Limited (ASX: JBH) share price dropped 0.55%.

In fact, the retail sector fell in sympathy with the S&P/ASX 200 Index (ASX: XJO), which ended the day down 0.77%.

Why are ASX 200 retail shares underperforming?

There could be a few reasons for this. The latest ABS figures were promising, but that was two months ago. Markets are forward-looking, so historical data isn’t quite as exciting for ASX investors.

In the meantime, retail sales are facing some headwinds. Findings by the Australian Retailers Association (ARA), released on Monday, show three-quarters of retailers currently have staff in isolation due to COVID-19.

The findings also show that 50 per cent of businesses ranked “staff shortages” as their main challenge. This was followed by “lack of customers” and “supply chain/delivery issues”.

Coles Group Ltd (ASX: COL) last week reported they were suffering supply issues. This was followed by similar claims by Woolworths Group Ltd (ASX: WOW) yesterday.

The New South Wales and Victorian state governments are also starting to reimpose some social restrictions.

There are worries the malaise will last for a while yet, and if there is one thing investors hate, it’s uncertainty.

Confidence takes a blow

Little wonder that consumer confidence has taken a blow. The latest ANZ-Roy Morgan Consumer Confidence index fell 2.4 points to 106.0 during the first week of January. The reading is 2.9 points below January 2021.

The spread of Omicron is cited as the key reason for the decline with 14% of Australians expecting “good times” for the Australian economy over the next 12 months – a drop of 5 percentage points from the previous survey.

In contrast, 24% of Aussies expect “bad times”, which is a 4 percentage point increase over the last survey.

The post ASX 200 retail shares slump despite higher-than-expected sales appeared first on The Motley Fool Australia.

More reading

• ‘Stop viewing cash as a safe investment’: Ray Dalio
• ASX 200 (ASX:XJO) midday update: PolyNovo rockets, Inghams sinks
• 2 high-yielding ASX 200 dividend shares to boost income
• 5 things to watch on the ASX 200 on Tuesday
• Here are the top 10 ASX shares today

Motley Fool contributor Brendon Lau 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 owns and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Premier Investments 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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It’s been another tough day for the City Chic Collective Ltd (ASX: CCX) share price, continuing a shocking run for the fashion retailer.

The company’s shares closed down 8.4% at $4.47 apiece. That’s five consecutive days of falls for the retailer’s share price.

Let’s take a closer look at what is going on with City Chic.

What’s impacting City Chic?

The City Chic share price slumped today despite no news from the company. One explanation for this drop could be a fall in consumer confidence in the retail sector due to COVID-19 Omicron fears.

Consumer confidence was down 2.2% compared to 18-19 December, a survey from ANZ-Roy Morgan released today revealed. Analysts attributed this result to the “rapid rise of Omicron cases across Australia”.

For perspective, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) finished the trading day down 0.9%, while the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) closed down 2.13%.

The City Chic share price has dropped 18.55% since the start of January.

That said, my Foolish colleague James recently reported broker Bell Potter gave the company’s shares a $7.40 price target.

The last price-sensitive news from the company was on November 17. City Chic shares soared nearly 6% on the back of a well-received annual general meeting update. Sales revenue grew 32.9%, while comparable sales growth was 31.6%.

The company’s global customer base also grew 61% from the previous year to more than 1 million.

City Chic share price snapshot

The City Chic share price has returned around 19% in the past year. That’s 9% more than the benchmark S&P/ASX 200 Index (ASX: XJO).

In the past month, its shares have lost 21%, while they are down nearly 19% in the past week.

The company commands a market capitalisation of roughly $1 billion based on the current share price.

The post The City Chic (ASX:CCX) share price tumbled 8% today. What’s happening? appeared first on The Motley Fool Australia.

More reading

• Potential buys: 2 excellent ASX shares
• Bell Potter names the best ASX retail shares to buy in 2022

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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The Vmoto Ltd (ASX: VMT) share price has rocketed to a 9-month high today. This comes after the company announced profit guidance for the 2021 financial year.

At market close, the electric-powered scooter manufacturer’s shares were up 9.52% to 46 cents apiece. That’s after hitting an intraday high of 49 cents this morning.

Vmoto continues to accelerate sales growth at a rapid pace

The Vmoto share price pushed higher after investors digested the company’s latest announcement.

According to its release, Vmoto advised it has sped up its international strategy, delivering record sales units to key markets.

In total, more than 30,000 units were sold in FY21, representing a significant 27.4% increase on the prior corresponding period.

As a result, the company expects to achieve FY21 net profit after tax (NPAT) between $7.5 million and $7.8 million. Notably, this will be the largest net profit ever recorded in Vmoto’s history. To put this into perspective, NPAT stood at $3.7 million for the 2020 financial year.

The company highlighted that it had completed a number of operational and commercial milestones in FY21. This included generating positive operational cash flows leading to a strong cash positive with no bank debt.

Furthermore, Vmoto’s presence also expanded as more international B2C (business to consumer) distributors were secured, bringing the total to 58 across 62 countries. Its B2B (business to business) operations also grew through the use of increased popularity in delivery and ride-sharing services.

Vmoto managing director, Charles Chen commented:

I am delighted to announce we will deliver a significant increase in NPAT for this financial year when compared to 2020.

We remain confident the underlying fundamentals of the business will continue to deliver strong growth throughout key international markets. We are also extremely excited to have launched the new Vmoto premium brand and products having worked alongside a number of top industrial design partners in Europe to bring a wider range of products to the international markets.

Quick take on Vmoto

Vmoto Limited is a leading global scooter manufacturer and distribution group specialising in electric powered two-wheel vehicles. Vmoto’s electric-powered two-wheel vehicle products have chic European design and German engineering.

Last year, Vmoto undertook an extensive strategic review of operations with the intention of simplifying the company’s structure. This allowed management to focus on international sales and marketing of electric two-wheel vehicle products.

Vmoto share price summary

It’s been a sound year for Vmoto shareholders, having gained around 15% in the last 12 months of trading. However, the company’s shares have started 2022 on a positive note and are up more than 8% to date.

In the last month, the Vmoto share price regained support and climbed by more than 17%, despite no new updates from the company.

Based on today’s price, Vmoto has a market capitalisation of around $130 million and a price-to-earnings (P/E) ratio of 22.14.

The post Here’s why the Vmoto (ASX:VMT) share price is powering ahead by 10% today appeared first on The Motley Fool Australia.

More reading

• When did AMP (ASX:AMP) last pay a dividend and when might the next one be?
• Why is the Core Lithium (ASX:CXO) share price hitting all-time highs today?
• Why did the Syrah (ASX:SYR) share price jump 12% to a multi-year high today?
• Medibank (ASX:MPL) share price shrugs off further questions over profit paybacks
• What made the NAB (ASX:NAB) share price so appealing in 2021?

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. 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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Over the years, the AMP Ltd (ASX: AMP) dividend has been a favourite of income investors across Australia.

However, that cannot be said about the financial services company today.

What’s happened to the AMP dividend?

Prior to the Royal Commission, AMP regularly shared a large portion of its bountiful earnings with investors in the form of dividends.

However, since paying a dividend of 28 cents per share in both FY 2015 and FY 2016 and then 29 cents per share in FY 2017, AMP’s dividends have collapsed along with its earnings.

For example, in FY 2018 AMP cut its dividend to 14 cents per share, didn’t pay a dividend in FY 2019, and then paid a dividend of 10 cents in FY 2020. Though, it is important to highlight that the latter dividend was a special one relating to the AMP Life asset divestment. Had that sale not been made, AMP would most likely not have paid a dividend.

Unfortunately, things are likely to remain tough for income investors in FY 2021, with the AMP board deciding against paying an interim dividend during the first half and looking unlikely to pay a final dividend with its full year results.

Management explained: “The board continues to maintain a conservative approach to capital management to support the transformation of the business. In line with this approach, the board has resolved to not declare an interim 2021 dividend. The capital management strategy and payment of dividends will be reviewed following the completion of the demerger in 1H 22.”

When will AMP pay one again?

According to a recent note out of Citi, its analysts aren’t recommending AMP shareholders hold their breath for a dividend in the near term.

Its analysts aren’t expecting a dividend to be paid in FY 2022 or FY 2023. The broker feels FY 2024 is when dividends will resume and is forecasting a 6 cents per share partially franked dividend.

Citi currently has a high risk neutral rating and $1.25 price target on the company’s shares.

It commented: “While the [investor day] material provides welcome further transparency and on FY23 earnings the stock looks inexpensive, there remain a lot of moving parts. So, for now, we retain our Neutral, High Risk call and A$1.25 TP.”

The post When did AMP (ASX:AMP) last pay a dividend and when might the next one be? appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to sell today
• Why did the AMP (ASX:AMP) share price fall 35% in 2021?
• In the ‘dog basket’: 6 ASX shares that could rebound in 2022
• Leading brokers name 3 ASX shares to sell
• These were the best performing ASX 200 shares last week

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. 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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The Core Lithium Ltd (ASX: CXO) share price is surging on Tuesday, hitting a new all-time high in the process.

The gains have come about despite no news having been released by the company. However, sentiment for lithium seems to be having a moment, with brokers bearish on stocks in the segment.

At the time of writing, the Core Lithium share price is 69.7 cents, 8.9% higher than its previous close.

That’s slightly lower than its intraday high, and new record high of 70 cents.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently down 0.7%.

Let’s take a look at what might be bolstering the lithium explorer’s stock today.

Has this sent the Core Lithium share price to new heights?

The Core Lithium share price is roaring higher today, just weeks after a top broker updated its forecasts for the lithium sector.

As my Foolish colleague Zach Bristow reported last week, JP Morgan is expecting big things from lithium in 2022.

The broker is among many believing lithium will see more demand than supply in coming years. It’s also predicting the commodity’s market will see a compound annual growth rate of 24% between now and 2030.

S&P Global Platts is also optimistic about lithium. It’s predicting a supply shortfall of around 5,000 megatons of lithium carbonate equivalent in 2022.

As per the law of supply and demand, the price of lithium should increase alongside any deficit.  

Meanwhile, Core Lithium’s other leg, its uranium assets, might also be helping to boost its share price.

On top of the company’s Finniss Lithium Project, it also owns the Napperby Advanced Uranium Project and the Fitton Uranium Project.

Macquarie analysts have recently upped their outlook for the uranium spot price.

Such sentiment could be helping to buoy sentiment in the company’s stock today.

The post Why is the Core Lithium (ASX:CXO) share price hitting all-time highs today? appeared first on The Motley Fool Australia.

More reading

• These were the 5 best performing ASX uranium shares of 2021
• New year’s resolution: Why are ASX lithium shares having such a stellar day?
• Why has the Core Lithium (ASX:CXO) share price leapt 15% since Christmas?
• Why is the Core Lithium (ASX:CXO) share price having such a lousy month?

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 recommended Macquarie 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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