Day: March 16, 2022

2 highly rated ASX shares analysts are tipping as buys

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.

Looking for investment ideas for March? Listed below are two high quality options to consider right now.

Here’s what you need to know about these ASX shares:

REA Group Limited (ASX: REA)

The first ASX share to consider is property listings company REA Group. It is best-known for the realestate.com.au website, which has been dominating the ANZ market for years.

This domination continued in FY 2021, with the company recording an average of 121.9 million monthly visits to its website. This was up 35% year on year and was 3.3 times greater than its nearest competitor. Pleasingly, this strong form has continued in FY 2022, with REA once again reporting 3.3 times more visits than its nearest rival. This includes a record 13.2 million people visiting its local site in October.

In light of this dominance, the strength of the housing market, and new acquisitions and revenue streams, REA Group has been tipped to continue its growth in the coming years by the team at Goldman Sachs. Its analysts recently put a buy rating and $167.00 price target on the company’s shares.

TechnologyOne Ltd (ASX: TNE)

Another ASX share to look at is TechnologyOne. It is Australia’s largest enterprise software company, providing a global software as a service (SaaS) ERP solution that transforms business and makes life simple for its customers. At the last count, there were well over 1,000+ leading corporations, government agencies, local councils and universities being powered by its software.

This has underpinned strong recurring revenue growth, which is expected to continue in the coming years. For example, management is targeting annual recurring revenue (ARR) of over $500 million by FY 2026. This is almost double its current base ARR of $257.5 million.

Pleasingly, management appears confident it will achieve this target. It commented: “Our SaaS business continues to grow quickly. The quality of this revenue stream is exceptionally high, given its recurring contractual nature, combined with our very low churn rate of ~1%.”

“With our fast-growing SaaS business and the announcement of the end of our On-Premise business, we are on track to hit our target of $500m+ ARR by FY26.”

Bell Potter is a fan and has a buy rating and $15.00 price target on its shares.

The post 2 highly rated ASX shares analysts are tipping as buys 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 over ten 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 January 12th 2022

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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 recommended REA 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 did the Nickel Mines share price rebound today?

a miner wearing a hard hat smiles as he stands in front of heavy earth moving equipment on a barren mine site.a miner wearing a hard hat smiles as he stands in front of heavy earth moving equipment on a barren mine site.

The Nickel Mines Ltd (ASX: NIC) share price closed almost 4% higher today ahead of the restart in nickel trading on the London Metal Exchange.

Nickel Mines shares finished the day at $1.20, a 3.9% gain. For perspective, the S&P/ASX 200 Index (ASX: XJO) closed 1.1% higher today.

Let’s take a look at what is happening at Nickel Mines.

All eyes on the London Metal Exchange

The Nickel Mines share price made a healthy gain ahead of the resumption of nickel trading on the London Metal Exchange (LME). Trading of the metal will recommence at 8am London time on 16 March. This is three hours after the ASX closes.

The reopening in London comes after the LME suspended nickel trading last week amid nickel prices hitting record highs above US$100,000 a tonne.

Nickel Mines was not the only ASX nickel share to jump today. Panoramic Resources (ASX: PAN) leapt 3.36% while IGO Ltd (ASX: IGO) and Mincor Resources (ASX: MCR) both climbed 1%.

Nickel Mines was one of the top three most traded ASX 200 shares by volume on Wednesday, as my Foolish colleague Sebastian reported.

Earlier this week, Nickel Mines reported the Oracle Nickel Project in Indonesia had been granted corporate tax relief. Nickel Mines hopes to complete its 70% stake in the project by the end of the year.

Last week, Nickel Mines dealt with media speculation about a short position in LME nickel held by the Tisinghan group. Tsingshan informed the company it had no intention of buying or selling any Nickel Mines shares. Yesterday, Tsingshan reached a standstill agreement with its banks to avoid further margin calls, according to reporting by Bloomberg.

Earlier, Nickel Mines also withdrew a share purchase plan after receiving applications totalling $57 million. The company had been aiming to raise $18 million.

Nickel mines share price snapshot

The Nickel Mines share price has dropped almost 18% in the past year, falling 16% year to date.

In the past week alone, the company’s shares have shed around 19%.

For perspective, the benchmark index has returned around 5% over the past year.

The post Why did the Nickel Mines share price rebound today? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Nickel Mines right now?

Before you consider Nickel Mines , 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 Nickel Mines wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

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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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‘Significant step’: What’s boosting the Telstra share price this week?

A person working on a computer holds a lightbulb that is connected to the network and shining brightly.A person working on a computer holds a lightbulb that is connected to the network and shining brightly.

The Telstra Corporation Ltd (ASX: TLS) share price has climbed nearly 3% since market close on Friday. Meanwhile, the telco has commenced a major upgrade to its national fibre network.

Telstra shares gained 1% on Wednesday. For perspective, the S&P/ASX 200 Communication Services Index (ASX: XTJ) jumped 1.8% today.

Let’s take a look at what is happening at Telstra.

Fibre build commences

Telstra has started work on a revamp of its national fibre network. The aim is to improve the size, reach and bandwidth of the network.

On Tuesday, the company began construction in Western Australia between Bakers Hill and Northam. Orange in New South Wales will be the next construction destination.

The project will add 20,000 new route kilometres to Telstra’s existing network and deliver transmission rates of more than 650 gbps (gigabits per second). This is six times more than the standard rate of 100gbps. The network has dual cables on each fibre route.

Telstra InfraCo chief executive Brendon Riley commented on the upgrade:

It’s a significant step toward the fibre network Australia deserves. It’s the fibre network that will power everything from small businesses selling to their local neighbourhood, through to cutting-edge Australian innovators creating their businesses in the metaverse.

It forms part of our ambitious T25 transformation goal for InfraCo, to deliver profitable growth and value by improving access, utilisation and scale of our infrastructure.

On Monday, speculation emerged Telstra may be considering buying a 51% stake in Fetch TV. The idea is to potentially “compete with Apple and Google”.

Telstra has recently been rated as an add by Morgans with a $4.56 price target, my Foolish colleague James reported on Sunday.

Telstra share price recap

The Telstra share price is up 26.6% over the past 12 months, but shares in the telco have dropped 5.5% year to date.

For perspective, the S&P/ASX 200 Communication Services Index (ASX: XTJ) has returned 14% in a year.

Telstra has a market capitalisation of more than $46 billion based on its current share price.

The post ‘Significant step’: What’s boosting the Telstra share price this week? appeared first on The Motley Fool Australia.

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

Before you consider Telstra , 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 Telstra wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

More reading

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 Telstra Corporation 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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If you invested $10,000 in Macquarie (ASX:MQG) shares a decade ago, here’s what it would be worth now

A man wearing glasses sits back in his desk chair with his hands behind his head staring smiling at his computer screens as the ASX share prices keep risingA man wearing glasses sits back in his desk chair with his hands behind his head staring smiling at his computer screens as the ASX share prices keep rising

The Macquarie Group Ltd (ASX: MQG) share price has rocketed over the past decade, up almost 600%. In comparison, the S&P/ASX 200 Index (ASX: XJO) is up around 68% over the same timeframe.

During January 2022, Macquarie shares reached an all-time high of $217.32 before freefalling thereafter. While the bank’s shares have somewhat recovered, they are still some way off moving again into uncharted territory.

Nonetheless, let’s wind the clock back and see how much an investor would have made if they had invested $10,000 in Macquarie shares a decade ago.

How much would your initial investment be worth now?

If you spent $10,000 on Macquarie shares exactly 10 years ago, you would have picked them up for $27.07 apiece. The purchase would deliver approximately 369 shares without reinvesting the dividends.

Looking at today’s closing price, the Macquarie share price finished at $189.44. This means those 369 shares would be worth $69,903.36 (369 shares x $189.44).

In percentage terms, the initial investment implies a yearly average return of 21.46%. Comparing that to the ASX 200, the benchmark index has given back 5.19% over a 10-year period.

And the dividends?

Over the course of the last decade, Macquarie has made a total of 20 dividend payments from 2012 to 2022. Its most recent dividend distributions were significantly reduced due to the pandemic severely affecting its operations and bottom line.

Adding those 20 dividend payments gives us an amount of $40.07 per share. Calculating the number of shares owned against the total dividend payment gives us a figure of $14,785.83 (369 shares x 40.07).

When putting both the initial investment gains and dividend distribution, an investor would have made $84,689.19.

Macquarie share price snapshot

Over the past 12 months, the Macquarie share price has travelled 25% higher but is down almost 8% year to date.

Macquarie presides a market capitalisation of roughly $72.6 billion and has more than 383 million shares on its registry.

The post If you invested $10,000 in Macquarie (ASX:MQG) shares a decade ago, here’s what it would be worth now appeared first on The Motley Fool Australia.

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

Before you consider Macquarie, 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 Macquarie wasn’t one of them.

The online investing service he’s run for over 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 January 13th 2022

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. 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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