Industrial conglomerate Tasmea Ltd (ASX: TEA) is forecasting net profit to grow by 70% next financial year on the back of a record order book and the contribution from a number of acquisitions.  

Strong order book driving growth

The company said in a statement to the ASX that it expected underlying EBITA to be $202 to $208 million and underlying net profit to be $128 to $132 million.

Both figures would be a 70% uplift from the expected results for the current financial year.

The company said:

Guidance assumes a full 12 months’ contribution from the Maxim Group acquisition which is now unconditional and is expected to settle on 1 July 2026 and includes 11 months earnings from JPS Group, expected to settle on or around 1 August 2026.

Tasmea said it had consistently delivered compounding earnings growth since its initial public offer, “with a multi-year EBIT and NPAT CAGR of more than 50% from FY24 to forecast FY27″.

The company said there were a number of factors which had contributed to this, including growth in high-quality, recurring revenues “with an increasing number of master service agreements, facilities management agreements and long term contract with now more than 120 on foot following recent acquisitions and organic customer growth”.

There were also increasing synergies across the company’s portfolio, and the company said the underlying growth from the Tasmea base business was forecast to grow organically at 10% to 15%.

Tasmea also said there were:

Strong industry tailwinds across Australia’s key industries including mining and resources, data centres and infrastructure, oil and gas, electrification, power and renewables, waste and water, telecommunications, defence and retail.

The company added:

Tasmea’s contracted order book has reached record levels, providing strong forward earnings visibility and reinforcing the Company’s ability to deliver sustained organic earnings growth. Demand is underpinned by structural tailwinds across the Group’s core markets.

Of the company’s expected revenues, 62% would come from recurring revenues and another 17% from secured contracts. Another 12% was expected to come from tendered business.

Management have skin in the game

Tasmea Managing Director Stephen Young said:

We are proud to be providing FY27 earnings guidance that reflects the continued strength and momentum of our business. These results are only possible thanks to the outstanding efforts of our people across the country. I want to sincerely thank all Tasmea employees for their unwavering commitment to safety and operational excellence — the foundation of everything we do. Tasmea’s Executive Directors, Mark, Jason, Trent and I have together reinvested over $50 million in Tasmea since IPO—reflecting our continued confidence in the Company’s outlook, our strategy, and the strength of the team that’s driving it with our core purpose, to Deliver Value. Always!

Tasmea shares have more than tripled from $3.20 to $9.62 over the past 12 months.

The company is now valued at $2.52 billion.

The post This company’s shares have more than tripled. It’s now predicting 70% earnings growth appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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.

Mineral Resources Ltd (ASX: MIN) shares are sinking today.

Shares in the S&P/ASX 200 Index (ASX: XJO) lithium miner and diversified resources producer closed yesterday trading for $65.86. In late morning trade on Thursday, shares are changing hands for $64.04 apiece, down 2.8%.

For some context, the ASX 200 is down 0.5% at this same time, while the S&P/ASX 200 Resource Index (ASX: XJR) is down 1.9%.

Despite today’s retrace, the Mineral Resources share price remains up an impressive 217.5% over the last 12 months, smashing the 2.5% one-year gains posted by the benchmark index.

Now, here’s what investors are mulling over today.

Mineral Resources shares slip amid closure update

In an update this morning deemed non-price sensitive to Mineral Resources shares, the miner reported that it is preparing to mothball its Western Australia-based Lucky Bay Garnet Project at the end of June.

The ASX 200 miner acquired Lucky Bay in September 2025 following an Asset and Share Sale Agreement with the administrators of Resource Development Group.

Today, management reported that fallout from the Middle East conflict has driven up costs, leading to their decision to shutter operations.

Mineral Resources stated:

The mine’s financial performance has been materially impacted by ongoing conflict in the Middle East, a region representing a significant proportion of Lucky Bay’s sales.

Combined with materially higher diesel and shipping costs, a strategic review of Lucky Bay has determined it is in the best interests of the company and its shareholders to cease operations and transition the project into care and maintenance, effective 1 July 2026.

The closure will affect some 110 employees. The miner said they will be offered redeployment opportunities at other work sites where possible.

As for the financial impact on Mineral Resource shares, management said they will assess all future options for Lucky Bay. That includes a potential divestment of the garnet mine.

Mineral Resources expects to book a non-cash impairment on the written down value of Lucky Bay of approximately $40 million for FY 2026.

What else has been happening with the ASX 200 mining stock?

Among the tailwinds sending Mineral Resources shares soaring this past year is the rocketing lithium price.

On 18 May, this led the company to report that it was restarting operations at its Bald Hill lithium mine. The Western Australian lithium mine was placed in care and maintenance in November 2024 amid tumbling lithium prices at the time.

Commenting on the decision to restart Bald Hill, Mineral Resources managing director Chris Ellison said:

With strong and sustained demand for spodumene concentrate driving a significant recovery in prices, the time is right to restart operations at Bald Hill…

Once production resumes at Bald Hill, MinRes will be the only company globally operating three hard rock lithium mines, each with their own spodumene concentrate facilities.

The post Up 218% in a year, Mineral Resources shares sinking today amid mine closure news appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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.

I’m sure most income investors dream of finding an ASX share with a big dividend yield and even bigger upside.

Well, Bell Potter thinks it has identified one this week.

Which ASX share?

This morning, Bell Potter has initiated coverage on Cash Converters International Ltd (ASX: CCV).

It provides unsecured lending and second-hand retail services in Australia, New Zealand, the United Kingdom, and other international markets.

At the last count, it was operating through a network of 197 corporate owned stores and 459 franchised stores.

Bell Potter is feeling positive on the company’s global growth outlook and highlights its better-quality loan book as a reason to be bullish. It said:

CCV has embarked on an aggressive acquisition strategy, having bought back 120 franchises since FY21 across ANZ and the UK, with the company now controlling ~30% of the global Cash Converters branded store network. Each acquisition is accretive to the group, and we expect ~17 new store additions in the near-to-medium term (UK weighted) to add ~$5.3m in EBITDA pre-operational improvements, and a pipeline of 176 further global acquisitions identified, with management flagging Europe as the next expansion region.

The introduction of the new line-of-credit Cashies loan is progressively reshaping CCV’s loan book towards stronger credit quality customers, resulting in lower bad debt expense and improving Net Interest Margin’s (NIM), with the run-down loan book to be completed over the next 24-36 months.

Initiated with a buy rating

According to the note, the broker has initiated coverage on the ASX share with a buy rating and 34 cents price target.

Based on its current share price of 30 cents, this implies potential upside of 13% for investors over the next 12 months.

In addition, Bell Potter is forecasting fully franked dividends of 2 cents per share in FY 2026 and through to FY 2028. This equates to dividend yields of approximately 6.7%.

Commenting on its buy recommendation, the broker said:

We view CCV’s scale, global brand recognition and acquisition pipeline as competitive advantages that position its retail business to capitalise on growing demand for second-hand goods, supported by cost-of-living pressures and increasing consumer appreciation of the circular economy.

In consumer lending, we view the wind-down of legacy, lower-quality loan books as prudent, as it shifts portfolio exposure towards higher-quality borrowers with lower loss profiles and stronger margins, particularly as improved loan book quality supports a reduction in funding costs.

The post Top broker just put a buy rating on this ASX share with 6.7% yield appeared first on The Motley Fool Australia.

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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 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.