Day: May 26, 2022

Experts name 2 top ASX dividend shares to buy now

Man and woman holding up money over the bottom half of their face, symbolising dividends.

Man and woman holding up money over the bottom half of their face, symbolising dividends.

If you’re wanting to boost your income with some dividend shares, then you might want to consider the two listed below.

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

Adairs Ltd (ASX: ADH)

The first ASX dividend share for investors to look at is leading furniture and homewares retailer, Adairs.

Its shares hit a new 52-week low on Thursday, which means they are now down 45% since the start of the year.

While this is disappointing, the team at Morgans appear to believe it could be a buying opportunity. Particularly given its belief that the introduction of Adairs’ new national distribution centre and the newly acquired Focus on Furniture business will “underpin an expectation of positive earnings growth in FY23 and FY24, which we do not think are reflected in the multiple.”

Its analysts currently have an add rating and $3.50 price target on the company’s shares. Based on the current Adairs share price of $2.24, this implies significant upside for investors.

But it gets better, with the broker forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023. If Adairs does indeed pay these dividends, it will mean yields of 8.4% and 11.6%, respectively, over the next couple of years.

Elders Ltd (ASX: ELD)

Another ASX dividend share to look at is Elders. It is an agribusiness company that provides a range of services to rural and regional customers across the Australia/New Zealand region.

Unlike Adairs, Elders’ shares have been performing positively this year. This has been underpinned by its strong performance in FY 2022, which saw Elders report an 80% increase in first-half EBIT to $132.8 million last week.

The team at Goldman Sachs was impressed. In response, the broker put a buy rating and $21.00 price target on its shares. It likes Elders due to its “strong track record; good industry structure; potential for positive earnings surprise; and an attractive valuation.”

In addition, the broker expects dividends per share of 50 cents in FY 2022 and 53 cents in FY 2023. Based on the current Elders share price of $13.38, this implies attractive yields of 3.7% and 4%, respectively.

The post Experts name 2 top ASX dividend shares to buy now 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. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. 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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Analysts name 2 ASX growth shares to buy with major upside potential

Man pointing an upward line on a bar graph symbolising a rising share price.

Man pointing an upward line on a bar graph symbolising a rising share price.

If you’re interested in adding some growth shares to your portfolio, then the two listed below could be worth a look.

These ASX growth shares have been named as buys and tipped to climb materially higher from current levels. Here’s what you need to know about them:

Aristocrat Leisure Limited (ASX: ALL)

The first growth share for investors to look at is Aristocrat. It is a gaming technology company with a portfolio of world class pokie machines and digital games. The latter includes the hugely popular Raid: Shadow Legends, which is generating significant recurring revenues for its Pixel United business. In addition, the company is looking to win a big share of the emerging real money gaming market.

The team at Citi is very positive on Aristocrat and believes it “represents a compelling long-term growth story.” It currently has a buy rating and $41.00 price target on the company’s shares. Based on the current Aristocrat share price of $33.95, this implies potential upside of 21% for investors over the next 12 months.

Lovisa Holdings Limited (ASX: LOV)

Another ASX growth share that could have room to race higher is Lovisa. It is a fast-fashion jewellery retailer which has been growing at a solid for over a decade. The good news is that due to the popularity of its offering and its global expansion plans, the company has been tipped to continue this trend long into the future.

Morgans is very positive on Lovisa and believes the company could “prove to be one of the biggest success stories in Australian retail.” Its analysts have an add rating and $24.00 price target on its shares. Based on the current Lovisa share price of $14.51, this implies potential upside of 65% for investors over the next 12 months.

The post Analysts name 2 ASX growth shares to buy with major upside potential 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

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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Lovisa Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Here are the top 10 ASX shares today

Computer key - Top 10 ASX todayComputer key - Top 10 ASX today

Today, the S&P/ASX 200 Index (ASX: XJO) struggled to find momentum as investors fled equities across nearly all sectors. At the end of the session, the benchmark index finished 0.69% lower at 7,105.9 points.

The headlines continue to be dominated by disconcerting developments at a macro level. Today, it was a combination of economic growth warnings from China and the US Federal Reserve suggesting it will be raising rates at the next two meetings.

Almost in unison, 10 of the 11 sectors sunk into the red today amid suppressed sentiment. The only portion of the market to escape the crimson fate was tech shares, buoyed by a takeover bid for Appen Ltd (ASX: APX).

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, ALS Ltd (ASX: ALQ) was the biggest gainer today. Shares in the testing, inspection, and certification company jumped 6.08% after releasing solid full-year results yesterday. The team at Morgans released a note this morning giving the company an ‘add’ rating. Find out more about ALS here.

The next best performing ASX share across the market today was Lake Resources Ltd (ASX: LKE). The lithium exploration company lifted 2.82% despite not releasing any announcements. Although, strength was prevalent across lithium names today. Uncover the latest Lake Resources details here.

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

ASX-listed company Share price Price change
ALS Ltd (ASX: ALQ) $12.74 6.08%
Lake Resources Ltd (ASX: LKE) $1.46 2.82%
Pro Medicus Ltd (ASX: PME) $40.66 2.68%
Wisetech Global Ltd (ASX: WTC) $40.80 2.36%
Virgin Money Uk Plc (ASX: VUK) $2.66 2.31%
Ansell Ltd (ASX: ANN) $27.36 2.01%
REA Group Ltd (ASX: REA) $110.97 1.97%
Infratil Ltd (ASX: IFT) $7.35 1.80%
Chorus Ltd (ASX: CNU) $6.70 1.67%
Core Lithium Ltd (ASX: CXO) $1.28 1.59%
Data as at 4:00 AEST

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.

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 Mitchell Lawler has positions in Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pro Medicus Ltd. and WiseTech Global. The Motley Fool Australia has positions in and has recommended Pro Medicus Ltd. and WiseTech Global. The Motley Fool Australia has recommended Ansell Ltd. and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Here’s why the Global Lithium share price jumped higher today

A Paladin Energy miner wearing a hard hat and protective gear stands in front of a large mining truck and smiles to the camera.A Paladin Energy miner wearing a hard hat and protective gear stands in front of a large mining truck and smiles to the camera.

The Global Lithium Resources Ltd (ASX: GL1) share price finished in the green today.

The company’s shares climbed 2.55% to finish the day at $1.61. In contrast, the  S&P/ASX 200 Index (ASX: XJO) fell 0.69% today, while the S&P/ASX 200 Materials Index (ASX: XMJ) slipped 0.96%.

Let’s take a look at why Global Lithium had such a good day.

Drilling on schedule

The Global Lithium share price took off after the company announced drilling has commenced at the Manna lithium project. The project is located 100km east of Kalgoorlie in Western Australia. The company acquired an 80% stake in the project in late 2021.

Profile Drilling Services has been engaged to conduct the reverse circulation (RC) drilling program to 20,000m depths.

Global Lithium aims to provide a mineral resource update at the project after the drilling program.

The company said it will update the market further when initial drilling results are at hand.

Commenting on the news, head of Geology Stuart Peterson said:

We are pleased to announce that the company has commenced active exploration activities at the Manna Lithium Project, marking an important milestone for GL1.

We are excited to now be engaged in large scale exploration programs at both of our key projects in the tier 1 lithium and mining jurisdiction of Western Australia.

Global Lithium plans to conduct metallurgical test work, earmarked for completion in the fourth quarter of this year.

The lithium exploration company is also exploring the Marble Bar lithium project in the Pilbara.

Global Lithium share price snapshot

The Global Lithium share price has exploded by 531% in the past 12 months, while it is surging 69% year to date.

In the past month, it has fallen 23%, while it is down 8.5% in the past week.

For perspective, the ASX 200 has returned 0.19% over the past year.

The company has a market capitalisation of about $255.5 million based on its current share price.

The post Here’s why the Global Lithium share price jumped higher today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Global Lithium right now?

Before you consider Global Lithium , 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 Global Lithium 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 Scott Phillips.

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