Day: August 31, 2022

3 ASX All Ords shares beaten up on results

three children in fashionable clothes sit in a row together with sad looks on their faces as though they hae been told not to do something or been curtailed from playing.three children in fashionable clothes sit in a row together with sad looks on their faces as though they hae been told not to do something or been curtailed from playing.

The All Ordinaries Index (ASX: XAO) closed 0.06% lower today as the ASX reporting season wraps up for another year.

The following ASX All Ords shares spent a day in the red as well, after releasing FY22 and half-yearly results today. However, a late rally saw two of the companies return to base. Let’s take a look.

Healthia Ltd (ASX: HLA)

The Healthia share price dropped 4% today after the ASX-listed healthcare company brought in some subdued results for FY22.

The top line did quite well with revenue growth of 44.4% to $202.8 million, but Healthia recorded a net loss of $3.3 million.

Healthia attributes the loss to flooding events across Southeast Queensland and New South Wales, staff absenteeism and cancellations stemming from COVID-19. On top of this, there were one-off non-recurring acquisition, integration and restructuring costs.

Across the year, Healthia deployed $111.3 million in capital towards acquiring 95 new businesses. This includes the 63 Back In Motion physiotherapy clinics, enabling Healthia to become one of the largest health providers in Australia and New Zealand.

However, these acquisitions stretched Healthia’s balance sheet. It increased borrowing to around $77 million and managed to negotiate an extension of its finance facility from $70 million to $100 million.

Management advised that it expected to record underlying earnings before interest, taxation, depreciation and amortisation of more than $40 million in FY23.

Healthia also plans to spend at least $20 million on acquisitions in FY23.

The company’s current market capitalisation is around $231 million.

Family Zone Cyber Safety Ltd (ASX: FZO)

The Family Zone share price spent all day in the red on the back of a poor set of financial results for FY22 before returning to its previous closing price of 40 cents apiece in the final moments of trading. The company is focused on developing a cyber safety and parental control platform.

Revenue increased 399% from $8.96 million in FY21 to $44.73 million in FY22, but this couldn’t curtail the hefty jump in its net loss. Family Zone recorded a 243% increase in its net loss from $21.98 million in FY21 to $75.38 million in FY22.

The significant change in results is due to the company’s acquisition of Smoothwall and Cipafilter during the year.

Family Zone currently holds $32.75 million in cash and $0.2 million in long-term borrowings.

Operating cash outflow jumped from negative $15.48 million in FY21 to negative $37.32 million in FY22.

Family Zone’s market capitalisation is around $352.23 million.

Audio Pixels Holdings Ltd (ASX: AKP)

The Audio Pixels share price fell by as much as 3% today on the back of soft results for HY22. However, shares in the ASX All Ords company also rallied back to their previous closing price of $14.47 in the final moments of trading.

Revenue went up from $58.3 million in HY21 to $78.6 million in HY22. Audio Pixels’ net loss also went in the right direction, improving from $1.6 million to $0.68 million. However, when you account for foreign exchange differences, net loss rose from $2.66 million in HY21 to $2.98 million in HY22.

Operating cash outflow improved slightly from $2.64 million in HY21 to $2.50 million in HY22.

It appears Audio Pixels needs to raise more capital or rely on more debt given it holds $0.59 million in current assets and $1.40 million in current trade payables.

Audio Pixels relied heavily on unsecured borrowings of $2.39 million in HY22.

The current market capitalisation of Audio Pixels is around $415 million.

The post 3 ASX All Ords shares beaten up on results appeared first on The Motley Fool Australia.

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Motley Fool contributor Raymond Jang has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended HEALTHIA FPO. The Motley Fool Australia has recommended HEALTHIA FPO. 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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How does the Rio Tinto dividend stack up against what BHP is offering?

Man looking amazed holding $50 Australian notes, representing ASX dividends.

Man looking amazed holding $50 Australian notes, representing ASX dividends.

One of the blockbuster reports this earnings season was from the ‘big dog’ of the ASX, BHP Group Ltd (ASX: BHP). But BHP’s fellow ASX 200 miner Rio Tinto Limited (ASX: RIO)? Not so much.

BHP revealed its full-year results for FY22 back on 16 August, and they certainly caused quite a stir. The BHP share price leapt more than 4% that day and was almost 10% higher by the end of last week. The savage selling we have seen over this week has brought the mining giant back to earth somewhat, but we can still come to the conclusion that investors loved what the miner had to say.

No doubt this was assisted by BHP’s dividend announcement. The Big Australian declared a final dividend of US$1.75 per share. That’s 12.5% lower than the monstrous final dividend of US$2 per share that we saw last year, but it still makes BHP’s previous payouts before that pale in comparison.

But how does this stack up against Rio Tinto, BHP’s largest mining rival on the ASX? Rio was one of the first ASX 200 shares out of the gate this reporting season, delivering its half-year results back on 27 July.

So what did Rio have to say in the dividend department last month?

How do Rio’s dividends stack up against BHP?

Well, this might be the reason why investors were talking about the BHP dividend, and not Rio’s.

Rio Tinto announced an interim dividend of US$2.67 per share. Unlike last year, the company did not declare a special dividend to go along with it. This dividend represents a nasty 24.7% drop from last year’s payout, or around 50% if you include the special dividends.

So where does this leave the Rio Tinto dividend today compared to BHP?

Well, If we take Rio’s last final dividend and special dividend with this latest interim dividend, we get a total of $10.47 per share in dividend payouts. This works out to represent a dividend yield of 11.05% on current pricing. That’s 10.14% without including the special dividend.

In contrast, BHP’s last two dividends (including the latest final dividend) give the miner a dividend yield of 11.34% at current pricing.

So in terms of raw yield, BHP shares are pipping BHP at the present share pricing. But take this with a grain of salt, given the number of moving parts here. It can be fairly concluded that both of these mining giants have a lot to offer investors when it comes to dividend income right now.

The post How does the Rio Tinto dividend stack up against what BHP is offering? 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

See The 5 Stocks
*Returns as of August 4 2022

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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 Scott Phillips.

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Why did the Hawsons Iron share price shoot 24% higher today?

a miner holds his thumb up as he holds a device in his other hand.a miner holds his thumb up as he holds a device in his other hand.

The Hawsons Iron Ltd (ASX: HIO) share price had a day to remember on Wednesday, closing up almost 24%.

Shares of the iron ore producer finished the day at 42 cents each after opening the day at 32.5 cents a share.

The Hawsons Iron share price outstripped its sector peers by a wide margin with the S&P/ASX 200 Materials Index (ASX: XMJ) recording a 1.4% loss today.

Hawsons outperformed BHP Group Limited (ASX: BHP), which finished down 2.75% at $40.60 a share, and Fortescue Metals Group (ASX: FMG). Fortescue closed 2.06% lower at $18.42 per share.

Meanwhile, the spot price for iron ore is also down considerably today, trading 4.71% lower at $US104.92 per dry metric tonne, according to MarketsInsider.

There was also no news posted by the company today to justify the steep climb in its shares. So what’s going on? Let’s investigate by recapping some recent coverage about the company.

What’s going on with Hawsons Iron lately

Most recently, on 17 August, the Hawsons Iron share price slumped 7% amid lower iron ore prices and the company rejecting court claims against it from Pure Metals.

Hawsons acquired Pure Metals’ 24.15% interest in the Hawsons Iron project, completing its acquisition in May 2021.

On 5 August, there was more bullish news about the company. It was announced US investment firm LDA Holdings would finance Hawsons Iron to the tune of $200 million. The company’s shares lifted from 30 cents to 31 cents per share on the day.

In light of these events and the price action of the broader market today, it seems the Hawsons Iron share price has decoupled from fears surrounding iron ore. These include pessimism surrounding the economic slowdown in China, the major customer for Australian iron ore.

It seems the emerging iron ore producer was writing its own script today.

Hawsons Iron share price snapshot

The Hawsons Iron share price is up 180% year to date. At the same time, the S&P/ASX 200 Index (ASX: XJO) is down 8% over the same period.

The company’s current market capitalisation is approximately $311 million.

The post Why did the Hawsons Iron share price shoot 24% higher today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Matthew Farley 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 Scott Phillips.

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3 ASX All Ords shares that leapt over 10% today

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today

The All Ordinaries Index (ASX: XAO) had a fairly disappointing day of trading on Wednesday. At market close, the All Ords had slipped by 0.06% to 7,226.1 points. But that doesn’t mean all All Ords shares are following suit.

So let’s check out three ASX All Ords shares that had had a cracker of a day today, each rising over 10% at one point.

3 All Ords shares that leapt over 10%

Webjet Limited (ASX: WEB)

ASX travel share Webjet is our first All Ords company to take stock of today. Webjet shares fiished up a healthy 8.02% at $5.52 each. But the travel company rose as high as $5.70 after lunchtime, a gain worth more than 11% at the time.

This seems to be a response to the trading update the company put out this morning alongside its annual general meeting. This informed investors that Webjet has had a great and profitable start to FY23.

The company expects cash flow to exceed $100 million over the first half of the financial year. Investors have obviously liked what they heard there.

Tyro Payments Ltd (ASX: TYR)

Tyro Payments is another ASX All Ords share that had a day to remember this Wednesday. At the close, the Tyro share price finished 11.93% higher at $1.22 after climbing as high as $1.23 this morning.

In this case, it seems investors are continuing to flood into Tyro shares following the company’s full-year earnings for FY22 that were delivered on Monday.

Tyro announced a 34% rise in payments statutory gross profit to $147.7 million. But it also reported a statutory loss after tax of $29.6 million, slightly down from the $29.8 million loss of FY21. Even so, investors seem to approve, with Tyro shares now up almost 20% this week.

Clinuvel Pharmaceuticals Limited (ASX: CUV)

Finally today we have All Ords pharma company Clinuvel. Clinuvel shares gained an impressive 16.19% to $20.17 at market close today. Earlier, the Clinuvel share price reached as high as $20.43.

This company also delivered its FY22 numbers yesterday. But the reaction at the time was far more muted than the gains we saw today. Perhaps the investor webinar that was released to investors this morning got some more blood flowing.

This highlighted Clinuvel’s 37% rise in revenues, the 33% increase in net profit before tax to $34.2 million and the 60% spike in the annual dividend to 4 cents per share. Investors evidently liked what the company had to say.

The post 3 ASX All Ords shares that leapt over 10% 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

See The 5 Stocks
*Returns as of August 4 2022

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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 positions in and has recommended Tyro Payments. The Motley Fool Australia has recommended Tyro Payments and Webjet 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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