Day: November 2, 2022

2 high quality ETFs for ASX investors in November

Man looking at an ETF diagram.

Man looking at an ETF diagram.

If you’re looking to invest in exchange traded funds (ETFs), then it could be worth considering the two listed below.

These ETFs are popular with investors and it isn’t hard to see why. Here’s what you need to know about them:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ASX ETF for investors to consider is the BetaShares Global Cybersecurity ETF.

As you might have guessed from its name, this ETF gives investors access to the leading players in the global cybersecurity sector.

The recent Optus and Medibank Private Ltd (ASX: MPL) cyberattacks shows just how important cybersecurity is for businesses and consumers. With sensitive information being accessed by hackers, both companies are facing major reputational damage, as well as potential penalties and compensation.

This bodes well for cybersecurity companies included in the fund. This includes high quality companies such as Accenture, Cloudflare, Crowdstrike, Okta, and Palo Alto Networks.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

Another ETF that could be a top option for investors is the VanEck Vectors Video Gaming and eSports ETF. This popular ETF gives investors exposure to the biggest players in video game development, hardware, and esports.

The video game industry certainly is a great place to be right now. It is currently benefiting from an estimated 2.7 billion+ gamers globally, which is more than active Apple phones and Netflix subscriptions combined.

This is driving increasing revenue in the industry, much to the delight of the companies included in the fund such as graphics processing unit developer Nvidia and gaming giants Electronic Arts, Nintendo, Roblox, Take-Two, and Tencent.

The good news is that the industry is expected continue its growth for some time to come. According to Statista, revenue in the video games segment is projected to reach US$208.60 billion in 2022 and then grow almost 8% per annum to US$304.70 billion by 2027.

The post 2 high quality ETFs for ASX investors in November appeared first on The Motley Fool Australia.

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1st October 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 positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. 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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The trading halt on AVZ Minerals shares has been extended again. Here’s the latest

a sad looking engineer or miner wearing a high visibility jacket and a hard hat stands alone with his head bowed and hand to his forehead as he speaks on a mobile telephone out front of what appears to be an on site work shed.a sad looking engineer or miner wearing a high visibility jacket and a hard hat stands alone with his head bowed and hand to his forehead as he speaks on a mobile telephone out front of what appears to be an on site work shed.

The AVZ Minerals Ltd (ASX: AVZ) share price remained frozen at 78 cents today after the company requested an extension to its voluntary trading halt, last extended on Monday.

The ASX lithium share has asked for a voluntary suspension until the start of trade on 15 November 2022, or earlier if an announcement is made.

The company is involved in proceedings regarding its mining and exploration rights for the Manono lithium and tin project located in the Democratic Republic of Congo (DRC) in central Africa.

The reason for the latest extension is that “the subject of the initial trading halt request remains incomplete”. This refers to its previous voluntary trading halt extension request dated 10 October.

Indeed, the halt has been extended multiple times as the company attempts to finalise an ownership dispute with China’s Jin Cheng Mining, which claims to own a portion of the Manono lithium and tin project.

AVZ has denied the claim, leading to a protracted arbitration proceeding between the two companies.

A second company has also made a claim to Manono, this time coming from Dathomir Mining Resources. A DRC tribunal granted Dathomir’s request to suspend the sale of a 15% stake in Manono to AVZ, which makes the ongoing ownership dispute all the more complicated.

AVZ issues company updates

While all these disputes are going on, AVZ posted a number of company updates to the market on Monday, including its quarterly activities report.

One highlight is that an International Chamber of Commerce arbitrator has been appointed to hear proceedings in the Jin Cheng Mining dispute. A case management conference is due to be held between the two companies.

AVZ also said it’s having “high-level discussions” with DRC officials regarding its mining and exploration rights in the country.

Its update also included initial results from its Roche Dure drilling program. The drill holes were said to have uncovered “high-grade spodumene lithium mineralisation including 226.8m @ 1.67% Li2O & 307 ppm Sn and 226.8m @ 1.67@ Li2O”.

The post The trading halt on AVZ Minerals shares has been extended again. Here’s the latest 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

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*Returns as of September 1 2022

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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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Why did the BrainChip share price pop then drop today?

A woman scratches her head, is this a no-brainer?A woman scratches her head, is this a no-brainer?

The BrainChip Holdings Ltd (ASX: BRN) share price finished the session on Wednesday near flat at 65.5 cents.

This followed a dramatic morning that saw the BrainChip share price pop then drop within the space of 75 minutes immediately after the market open.

The semiconductor company’s shares opened at 65.5 cents and quickly climbed to an intraday day of 67.5 cents. That was a 3.8% bump on the previous closing price.

Then just as dramatically, the share price fell to an intraday low of 63.5 cents by about 11:15am. That was a 2.3% drop on yesterday’s close.

There is no price-sensitive news from the tech company today.

BrainChip issues 7.5 million new shares for employees

In a cleansing notice published by the ASX this morning, BrainChip said:

BRN today issued 7,500,000 fully paid ordinary shares (Shares) to the Trustee of the Brainchip Long Term Incentive Plan Trust for the purposes of administering the Long Term Incentive Plan.

The Shares were issued without disclosure to investors in accordance with Part 6D of the Corporations Act.

BrainChip now has about 1.73 billion shares on issue, as well as about 100 million unquoted securities.

What’s happening with the BrainChip share price?

The share issue follows a horror month for the BrainChip share price.

As my Fool colleague James reported, the stock lost a quarter of its value in October.

Most of the fall came after the company released its Q3 FY22 update last Thursday.

That update revealed that the company generated cash receipts of just US$118,000 during the three months to 30 September. That’s a decrease of US$1.1 million on the receipts generated in Q2 FY22.

The BrainChip share price is down 18% in the year to date.

BrainChip not the only one issuing new ASX shares today

Core Lithium Ltd (ASX: CXO) also issued a stack of new ordinary shares today — 870,872 to be exact.

According to the cleansing notice, 700,000 shares are for employees who exercise their unquoted performance rights for nil consideration.

A further 170,872 shares were issued at 45 cents per share for investors who have exercised unquoted options.

The post Why did the BrainChip share price pop then drop 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 September 1 2022

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Motley Fool contributor Bronwyn Allen 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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Domino’s share price sinks 5% on AGM update

A woman holds a piece of pizza in one hand and has a shocked look on her face.

A woman holds a piece of pizza in one hand and has a shocked look on her face.The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price was out of form on Wednesday.

A late collapse saw the pizza chain operator’s shares end the day over 5% lower at $60.01.

Why did the Domino’s share price take a tumble?

Investors were selling down the Domino’s share price after the company released its annual general meeting update just before the market close.

According to the update, trading conditions have been tough so far in FY 2023, which has led to network sales falling 1.8% year to date. On a same store sales basis, sales are down 1% over the prior corresponding period.

One positive, though, is that the company’s sales have improved in October, with sales up 1.6% month to date. In addition, management continues to expect to be back within its 3% to 6% sales growth target by the end of the year.

What about its earnings?

Things have been equally challenging on the bottom line for Domino’s due to inflationary pressures, high energy prices, and foreign exchange headwinds.

As a result, excluding the latter, management only expects “to deliver NPAT growth in FY23.”

Though, this isn’t stopping the company from expanding its network. In fact, the company “intends to set a new record for network expansion this Financial Year, with organic growth and three newly acquired markets to beat the FY16 record of 484 stores.”

‘A challenging short-term outlook’

Domino’s CEO and managing director, Don Meij, commented:

We understand inflation, particularly high energy prices in Europe, are making customers consider every purchase – our answer to this is delivering a high-quality product at an affordable price. Customers have options, as they always have, and we believe we have an unrivalled ability to provide them choice and value; from inflation-busting offers for those looking for a meal for one, through to bundled offers for families and friends.

Some of our smaller competitors are under pressure in our markets, as they do not benefit from the same strategy and purchasing power, which means there is an increasing opportunity for smaller infill acquisition opportunities in our existing markets, in addition to possible market share gain.

This is a challenging short-term outlook for our business, but our confidence in the medium- to long-term is built on strong unit economics, allowing an expansion of our network to the benefit of customers, franchisees and shareholders.

The post Domino’s share price sinks 5% on AGM update appeared first on The Motley Fool Australia.

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*Returns as of November 1 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 Dominos Pizza Enterprises 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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