Day: 21 November 2022

Looking for dividend shares to buy? Listed below are two ASX dividend shares that analysts rate as buys.

Here’s why they are bullish on these dividend shares:

Adairs Ltd (ASX: ADH)

The first ASX dividend share to look at is this furniture and homewares retailer.

Its shares have been hammered this year and have lost over 40% of their value. While this is disappointing, Goldman Sachs believes it has created a buying opportunity and has put a buy rating and $2.65 price target on the company’s shares.

Its analysts believe the market is being too negative on Adairs’ outlook. It notes that “the market is pricing in EBIT that is 11-21% below the guidance range, and 12% below GSe.” It also highlights that it views “the core Adairs business as resilient in the current environment and do not believe the c.40% discount to discretionary retail peers is justified.”

Goldman is forecasting fully franked dividends per share of 17 cents in FY 2023 and 20 cents in FY 2024. Based on the latest Adairs share price of $2.22, this will mean yields of 7.7% and 9%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX dividend share to consider is this Australian agricultural property company.

Its shares have also taken a tumble in 2022, which has caught the eye of analysts at Bell Potter.

The broker recently upgraded Rural Funds’ shares to a buy rating with a $2.75 price target on the belief that this share price weakness has created a buying opportunity. Bell Potter notes that “the current discount to adjusted NAV reflects what historically would be considered an attractive entry point.”

In addition, the broker is expecting Rural Funds’ dividend to continue growing in the coming years.

It is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.7 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $2.57, this represents yields of 4.55% and 5%, respectively.

The post These growing ASX dividend shares are buy: analysts appeared first on The Motley Fool Australia.

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More reading

• Ballin’ on a budget: The best ASX shares to buy for under $5
• 3 key things I look for when buying ASX dividend shares
• How I’d invest in ASX dividend shares now to make a $50k passive income in retirement
• Amidst the ongoing tech stock wreck, value shares are everywhere. There’s just one catch…
• Could ASX 200 retail shares be ‘too cheap’ to ignore right now? Here’s Scott Phillips’ take

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 ADAIRS FPO. The Motley Fool Australia has positions in and has recommended ADAIRS FPO and RURALFUNDS STAPLED. 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 Imugene Limited (ASX: IMU) share price has had a tough run lately.

Imugene shares have dropped nearly 12% since market close on 15 November. The company’s share price was flat today and closed the day trading at 19 cents.

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

What’s going on?

Imugene is a biotechnology company working on immunotherapies to treat cancer.

The Imugene share price descended nearly 10% last Wednesday,1 6 November. The S&P/ASX 200 Health Care Index (ASX: XHJ) also lost 1% on this day.

The dramatic fall on Wednesday followed the company’s share price soaring 5% on Tuesday, 15 November.

Imugene provided an investor presentation to the market on this day. The company highlighted it had $163.8 million in cash as of 30 September. The company has five unique assets, three platform technologies, 2 supply agreements, three scientific collaborations and 10 clinical studies.

On 17 November, Imugene held its AGM. The company’s share price was flat on this day. All resolutions at the meeting were carried but the company noted more than 25% voted against the 2022 remuneration report.

Highlights in 2022 included positive overall survival results in phase two of the HER-Vaxx trial, a clinical trial agreement with Roche to investigate the PD-1-Vaxx in combination with Tecentriq and cohort three cleared in the phase one study of CHECKvacc for treatment of patients with triple negative breast cancer. In the Vaxinia trial, the first patients were dosed and cleared in IV cohort 1 and IT cohort 2.

On 11 November, Imugene advised it has escalated the dose in the phase one clinical trial of Vaxinia. This treatment has been shown to shrink cancer tumours in animal models.

Imugene share price snapshot

The Imugene share price has tumbled 65% in the past year, while it has fallen 57% year to date.

For perspective, the ASX 200 has fallen nearly 3% in the last year.

Imugene has a market capitalisation of $1.14 billion based on the current share price.

The post Why has the Imugene share price tumbled 12% in under a week? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Monica O’Shea 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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The Mesoblast limited (ASX: MSB) share price took flight on Monday, soaring 9% to an intraday high of $1.02 before losing some ground in afternoon trading.

Shares in the ASX biotech company closed at 99 cents apiece today, up 6.45% from 93 cents at the market open.

The overall healthcare sector kicked off the week well, too, with the S&P/ASX 200 Health Care Index (ASX: XHJ) gaining 0.48%.

On a broader scale, the S&P/ASX 200 Index (ASX: XJO) petered out after a healthy start this morning to finish an unremarkable 0.17% lower.

Let’s take a look at what may have influenced the Mesoblast share price on Monday.

What happened?

There’s no news to report from Mesoblast today, and in fact, an absence of noteworthy announcements from the company for some time.

Our Fool writers last wrote about Mesoblast at the start of this month when we covered the company’s quarterly activities and cashflow report.

However, there are a couple of reasons that could help explain why Mesoblast’s shares have jumped higher. For one, the report noted that the company expected to receive FDA clearance to trial rexlemestrocel-L as a treatment for chronic back pain near the end of this year.

Rexlemestrocel-L and Remestemcel-L are the company’s mesenchymal precursor cell (MPC) products that Mesoblast is developing to treat various diseases.

Another possible share price driver today is that its annual general meeting (AGM) is approaching fast. Mesoblast will hold its AGM on Wednesday this week in Melbourne.

Some measures shareholders will vote on include the election and re-election of company directors and ratifying the issue of fully paid ordinary shares to major shareholders.

Mesoblast share price snapshot

The Mesoblast share price is down 29.29% year to date and a hefty 42% over the past 12 months. In comparison, the S&P/ASX 200 Index is down a respective 5.9% and 2.9% across the same time periods.

The company’s market capitalisation is around $729.7 million.

The post Why did the Mesoblast share price soar 9% today? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the Rio Tinto share price trailing the ASX 200 on Monday?
• Why is the Lake Resources share price smashing the ASX 200 on Monday?
• 3 ASX 200 shares that hiked their dividends by more than 100% this year

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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The dividends coming out of AGL Energy Limited (ASX: AGL) shares these days might not be of the same magnitude as days of yore. AGL is an ASX share that has been famously struggling in recent years.

Case in point, the AGL share price was over $23 five years ago.

Today, it is under $8, having lost more than 67% of its value since November 2017.

But despite its recent woes, AGL is still an ASX dividend share. So let’s check out what kind of dividend income an AGL investor would have enjoyed over 2022.  

Here’s how much dividend income AGL shares have paid out this year

So let’s say an investor put $20,000 into AGL shares at the start of the year. AGL finished 2021 at a share price of $6.14, so we’ll use that as our anchor point.

$20,000 would have bought our investor 3,257 AGL shares with the $20,000 of capital at the start of the year, with some change left over.

So AGL has paid out two dividends over 2022. The first was the interim dividend of 16 cents per share that investors received on 30 March. The second was the final dividend of 10 cents per share that was paid out on 27 September. Both payments were unfranked.

Those payments pale in comparison to the kinds of dividends AGL used to pay out. Back in 2017, investors enjoyed an interim dividend worth 41 cents per share, and a final dividend worth 50 cents per share. Those dividends came partially franked at 80% too.

But alas, that was then, not now.

So with our 3,257 AGL shares, 2022’s interim dividend of 16 cents per share would have invited a payment of $521.12. The final dividend of 10 cents per share would have entitled our investor to another payment of $325.70.

Together, that is a total of $846.82 in dividend income from our 3,257 AGL shares. This represents a yield on the $20,000 cost of 4.23%. It would be worth a yield of 3.3% on the AGL share price of $7.88, which is where the company closed at this afternoon.   

The post How much dividend income would $20,000 worth of AGL shares have netted you in 2022? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 5 of the craziest things making news on the ASX this week
• AGL share price slips amid Cannon-Brookes’ board victory
• Why did the AGL share price lag the ASX 200 on Monday?
• Could the flurry of recent takeover bids mean ASX 200 shares are going cheap right now?

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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Despite posting a strong start to Monday’s session, the S&P/ASX 200 Index (ASX: XJO) finished the day in the red. As of today’s close, the index was down 0.17% at 7,139.3 points.

Leading the fall were many ASX 200 miners. The S&P/ASX 200 Materials Index (ASX: XMJ) closed Monday’s session 1.5% lower with Fortescue Metals Group Limited (ASX: FMG)’s 3.8% fall weighing it down.

The tech sector also underperformed, with the S&P/ASX 200 Technology Index (ASX: XIJ) plunging 1.5%. Giants Block Inc (ASX: SQ2) and Xero Limited (ASX: XRO) were among its worst performers.

Though, not all was dire on the Aussie bourse today.

The S&P/ASX 200 Utilities Index (ASX: XUJ) led today’s gains, surging 1.8% higher.

The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) also put out a decent gain, lifting 0.9%.

All in all, seven of the index’s 11 sectors closed in the green on Monday. But which share rocketed higher to take out today’s crown? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s top-performing ASX 200 stock was AGL Energy Limited (ASX: AGL). Interestingly, there’s been no news from the company since the dramatic outcome of its annual general meeting (AGM) last week.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
AGL Energy Limited (ASX: AGL)	$7.88	4.23%
Atlas Arteria Group (ASX: ALX)	$6.90	3.76%
Whitehaven Coal Ltd (ASX: WHC)	$8.45	3.17%
Karoon Energy Ltd (ASX: KAR)	$2.34	3.08%
Liontown Resources Limited (ASX: LTR)	$2.03	3.05%
Kelsian Group Ltd (ASX: KLS)	$5.33	2.9%
Lovisa Holdings Ltd (ASX: LOV)	$24.45	2.52%
Chorus Ltd (ASX: CNU)	$7.59	2.43%
Auckland International Airport Limited (ASX: AIA)	$7.45	2.34%
GrainCorp Ltd (ASX: GNC)	$8.23	2.24%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why Liontown, Lovisa, Myer, and Whitehaven Coal shares are pushing higher
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the Rio Tinto share price trailing the ASX 200 on Monday?
• Leading brokers name 3 ASX shares to buy today
• Is this ASX 200 share the gift that keeps on giving?

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 positions in and has recommended Block, Inc., Lovisa Holdings Ltd, and Xero. The Motley Fool Australia has positions in and has recommended Block, Inc. and Xero. 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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The Altium Limited (ASX: ALU) share price was out of form and started the week with a disappointing decline.

The electronic design software company’s shares ended the day 3% lower at $36.30.

This compares to a 0.2% decline by the ASX 200 index.

Why did the Altium share price tumble?

Investors were selling down the Altium share price on Monday following the release of the company’s update on its dealings with the Australian Tax Office (ATO).

According to the release, the company has received a formal communication from the ATO in relation to an alleged tax liability.

The release notes that the ATO intends to proceed with issuing amended assessments for the 2016 to 2018 tax years of approximately $80 million. This excludes any penalties and interest, but does not include deductions of global operating costs.

In addition, the ATO has indicated that it will also commence a roll over audit of the subsequent 2019 to 2021 tax years.

Altium’s response

Altium revealed that it disagrees with the ATO on the matter. It believes that the the tax office’s position is based on a misperception of the substance that underpinned Altium’s relocation to China in 2011 and subsequent relocation of its core business assets in 2015 to the United States.

Furthermore, the company regards the amended assessments as “illogical.” This is because it implies an Australian corporate tax rate of approximately 65% of profit before tax.

Altium advised that it continues to engage external legal advisers in relation to this matter and will request an independent internal review of the decision by the ATO. It also plans to vigorously defend its position and, if necessary, contest the matter through litigation proceedings.

The post Why did the Altium share price sink into the red today? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• 3 key things I look for when buying ASX dividend shares
• Why is the Altium share price charging higher?
• Why Altium, Pendal, Terracom, and Webjet shares are pushing higher
• Worried about a stock market crash? I’d buy these 5 rock-solid ASX shares to ride it out

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 Altium. 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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The S&P/ASX 200 Index (ASX: XJO) are on course to start the week with a small decline. In late trade, the benchmark index is down 0.1% to 7,142.5 points.

Four ASX shares that have not let that hold them back are listed below. Here’s why they are pushing higher:

Liontown Resources Ltd (ASX: LTR)

The Liontown share price is up 2.5% to $2.06. Investors have been buying this lithium share thanks to a rebound in the industry and the release of the company’s ESG report. Management notes that its ESG report reinforces its “vision to be an ESG leader and a globally significant provider of battery minerals for the rapidly growing clean energy market.”

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price is up 2.5% to $24.43. This appears to have been driven by a broker note out of UBS. According to the note, the broker has upgraded the jewellery retailer’s shares to a buy rating with an improved price target of $29.00. This follows the release of a stronger than expected trading update last week.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is up 9% to 72.5 cents. This appears to have been driven by recent news that rival David Jones is a takeover target. Investors may believe that Myer’s shares are trading at attractive multiples based on prices being touted for David Jones.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up 3% to $8.44. Investors have been buying Whitehaven Coal and other coal miners today. This follows a strong end to the week for the coal prices. According to CommSec, the coal Nymex share price rose 3.4% on Friday night. The Whitehaven Coal share price is now up over 200% since the start of 2022.

The post Why Liontown, Lovisa, Myer, and Whitehaven Coal shares are pushing higher appeared first on The Motley Fool Australia.

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More reading

• 2 ASX All Ordinaries shares hitting multi-year highs on Monday
• Leading brokers name 3 ASX shares to buy today
• Is this ASX 200 share the gift that keeps on giving?
• Why is the Lake Resources share price smashing the ASX 200 on Monday?
• Why is the Liontown share price having such a roaring start to the 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 positions in and has recommended Lovisa Holdings Ltd. 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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The S&P/ASX 200 Materials Index is down 1.45% today, but three ASX mining shares are bucking the trend.

The iTech Minerals Ltd (ASX: ITM), OD6 Metals Ltd (ASX: OD6) and Victory Goldfields Ltd (ASX: 1VG) share prices are all storming higher today.

Let’s take a look at why these three mineral explorers are having such a top run today.

Victory Goldfields

The Victory Goldfields share price is soaring 17% today. Victory is exploring multiple commodities in the Cue Goldfields in Western Australia.

Late last week, Victory provided a rare earths update to the market. The company advised magnetic and gravity survey data provide grounds for a diamond drilling program at the company’s alkaline intrusion prospect. Alkaline intrusions are “engine rooms for rare earth elements and critical metals”, Victory highlighted.

OD6 Metals

The OD6 Metals share price is soaring 27% today to an all-time high. The company joined the ASX this year. OD6 Metals is exploring the Splinter Rock rare earth element (REE) project 150km away from Esperance, Western Australia. The company is also working on the Grass Patch REE project, 100km away from Esperance.

While the company has not released any recent news, earlier in November the company’s share price soared 176% in two days following “outstanding assay results” at Splinter Rock. OD6 discovered widespread, thick, clay hosted REE mineralisation at the project.

iTech Minerals Ltd 

The iTech Minerals share price is soaring nearly 16% today. iTech is exploring the halloysite-kaolinite and rare earth elements project in South Australia. The company is also developing the Campoona Graphite Deposit on the Eyre Peninsula with an aim of supplying the battery materials market.

The company recently conducted a $4.5 million capital raise to fund graphite exploration. A share purchase plan was also offered last week to raise up to $2 million. The company has drilling planned in November and December this year.

The post 3 ASX mining shares surging over 15% on Monday appeared first on The Motley Fool Australia.

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More reading

• 3 ASX mining shares that soared more than 20% today
• 3 ASX mining shares that surged over 20% Tuesday
• Guess which ASX gold share just exploded 70% on a new rare earths find
• Why has ASX mining stock OD6 Metals rocketed 176% in 2 days?
• Guess which ASX mining share just surged 100% on an ‘outstanding’ new rare earths find

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small decline. At the time of writing, the benchmark index is down 0.15% to 7,141 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Fortescue Metals Group Limited (ASX: FMG)

The Fortescue share price is down 4% to $19.16. This follows broad weakness in the materials sector today, which has made it the worst performing area of the market. This may have been driven by concerns over demand in China.

Healius Ltd (ASX: HLS)

The Healius share price is down 5% to $3.16. This decline could have been driven by a broker out of Ord Minnett this morning. According to the note, the broker has downgraded the healthcare company’s shares to a lighten rating and slashed the price target on them to $2.95.

Nanosonics Ltd (ASX: NAN)

The Nanosonics share price is down 12% to $4.04. This may also have been driven by a broker downgrade. According to a note out of Morgans, have downgraded the infection prevention company’s shares to a hold rating with a $4.91 price target. The broker made the move partly on valuation grounds.

PEXA Group Ltd (ASX: PXA)

The PEXA share price is down 4% to $13.64. Investors have been selling this property settlement platform provider’s shares after its major shareholder, Link Administration Ltd (ASX: LNK), sold down its holding. Link has sold the equivalent of a 4.3% stake in PEXA for a 4.8% discount of $13.50 per share. Link generated total net proceeds of $101.9 million from the sale. It will now distribute the majority of its remaining shareholding to Link shareholders via an in-specie distribution.

The post Why Fortescue, Healius, Nanosonics, and PEXA shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Why is the Rio Tinto share price trailing the ASX 200 on Monday?
• Why is the Fortescue share price getting hammered on Monday?
• Why is the Nanosonics share price crashing 12% today?
• Of all the ASX 200 miners, here’s why I decided to buy Fortescue shares
• Link share price higher on PEXA update

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 Link Administration Holdings Ltd, Nanosonics Limited, and PEXA Group Limited. The Motley Fool Australia has positions in and has recommended Nanosonics 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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What a disappointing start to the trading week it has been for the S&P/ASX 200 Index (ASX: XJO) so far this Monday. 

After initially rocketing upwards at market open this morning, the ASX 200 has been losing steam all day. The index is presently down by a rather sad 0.14%, putting it at just over 7,140 points.

But let’s not let that get us down. So instead, it’s time to take a look at the shares currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

South32 Ltd (ASX: S32)

First share up today is the ASX 200 miner South32. This Monday has seen a sizable 14.94 million South32 shares fly around the stock exchange at this point of the day. There’s been no fresh news or announcements out of South32 so far this session, save for a routine share buyback announcement.

So this volume is a probable consequence of the nasty fall South32 has endured today. The miner is currently down 1.02% at $3.87 a share, but South32 fell as low as $3.82 earlier this afternoon.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium miner Pilbara is our next share to check out. This Monday has had a notable 15.51 million Pilbara shares swapped on the share market thus far. There’s been no news or developments out from Pilbara either.

But this is another ASX 200 share that has seen some significant volatility this session. Pilbara shares initially started the week strong, rising to $4.88 this morning. But investors seem to have gotten cold feet, with the lithium company now down by 0.42% at $4.74 a share. All of this bouncing around is probably eliciting the high volumes we see.

Core Lithium Ltd (ASX: CXO)

Last up today, we have another ASX 200 lithium share in Core Lithium. So far today, a hefty 25.58 million Core shares have been bought and sold on the markets. Core shares had a horrid week last week.

But, as my Fool colleague pointed out today, this week seems to have provided a fresh page for the company. Core Lithium shares are presently up a healthy 0.86% at $1.41 each.

Like Pilbara Minerals, Core shares have been volatile today, trading between $1.40 and 1.47 apiece this session. This is the likely culprit behind the high volumes on display. 

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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More reading

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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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