Deep Yellow Ltd (ASX: DYL) shares have fallen even further into the red in Monday afternoon trade.

At the time of writing, the ASX uranium development company’s shares are down just over 6.5% for the day, and trading at 77 cents a piece.

At one point this morning, the shares were changing hands as low as 76 cents.

That’s the lowest price Deep Yellow shares have traded at over the past three years.

The shares have now fallen around 43% over the past month alone, and they’re down 61% year to date.

Why have the ASX shares hit a multi-year low today?

There hasn’t been any price-sensitive news out of Deep Yellow today to explain the latest share price slide. Instead, it looks most likely that today’s tumble is the result of the company’s latest ASX announcement.

On Friday last week, Deep Yellow said it has delayed the construction decision for Tumas because current equity market conditions do not support raising the capital needed to transition the project into construction in the fourth quarter of 2026.

The uranium developer’s early construction work and contracting will continue, but investors are likely concerned about whether the company can secure a viable funding route for Tumas.

The shares actually climbed around 1% at the close of the ASX on Friday afternoon. But it looks like over the weekend, investors digested the news and raised concerns about the structural and long-term implications of the update.

The news comes at a time when Deep Yellow is already facing share price pressure.

Rising bond yields and higher interest rates have acted as strong headwinds for ASX uranium shares over the past year. Uranium developers like Deep Yellow need upfront capital, and it takes several years to become profitable. Investors have also been rotating towards more stable or defensive assets in times of volatility.

It’s not just Deep Yellow shares that have fallen over the past week; other uranium shares have also been hit by the same headwinds and are falling today.

Here’s why I think Deep Yellow shares are a bargain buy

It’s understandable that the company’s latest Tumas update has spooked investors.

But I still see some potential upside for the ASX shares. 

Beyond its Tumas project in Namibia, the company also has several other key projects and exploration plans.

Deep Yellow is also in a pre-construction and study phase at its Mulga Rock project in Western Australia. The site is one of the largest undeveloped uranium projects in Australia.

The company is also undertaking drilling programs at its Alligator River Project in the Northern Territory, and its Omahola Project in Namibia.

The company is financially strong too. 

Deep Yellow holds a strong liquidity position supported by substantial cash reserves and minimal debt. As part of its latest quarterly activity report, Deep Yellow confirmed that it has cash and cash equivalents of A$160.0 million as of the 30th June 2026.

I see the latest share price declines as mostly driven by poor sentiment, a lack of confidence, and sector-wide headwinds. When these headwinds reverse, I think the company’s shares could rebound quickly.

What do the experts tip for the uranium shares next?

The experts are also bullish that we’ll see a strong upside ahead.

Market Index data shows that the majority of brokers have a buy rating on Deep Yellow shares. The $2.25 average target price implies an impressive upside of around 193% for the ASX shares over the next 12 months, at the time of writing.

The post I think this ASX share is a bargain buy after hitting a 52-week low: Here's why appeared first on The Motley Fool Australia.

More reading

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• Buy, hold, sell: Deep Yellow, SGH, Telstra shares

Motley Fool contributor Samantha Menzies 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.

One of the big pieces of news to kick off the ASX trading week this Monday has been the announcement that waste management stock Cleanaway Waste Management Ltd (ASX: CWY) has entered into a Scheme Implementation Deed. This will see Cleanaway shares acquired in full by EQT Infrastructure.

As my Fool colleague Laura covered this morning, the deal proposes that EQT will acquire Cleanaway shares for a price of $3.095 in cash per share, representing a 34.5% premium to the three-month value-weighted average price of the company.

Although this news is still fresh, it seems that Cleanaway and the markets are treating it as a done deal. Cleanaway’s board has given the proposal the green light, stating “the Board is unanimous in its view that the Scheme delivers strong and certain cash value to shareholders, at a significant premium to Cleanaway’s undisturbed share price”. The board is unequivocally recommending that shareholders vote for the scheme.

The market has also seized the news with gusto, with Cleanaway shares currently up a stinking 20.05% at $2.96 each. Of course, that is not quite at the $3.095 that is on the table. But it is still a long way from the $2.47 Cleanaway shares closed at last Friday.

Those market watchers looking at this 20% jump in the Cleanaway share price today might understandably assume it is a windfall for shareholders. It certainly is for investors who picked up Cleanaway shares at recent prices. Anytime in the past 12 months, really, given the company hit a new 52-week high of $2.99 today. However, it’s not really enough to save longer-term investors who have been holding on to this stock.

A 20% jump can’t save Cleanaway shares

One might assume that a stock like Cleanaway has been a sure bet. After all, this is the largest waste management service provider in the country. Waste management is an essential service that is almost entirely immune from the economic cycle. As a functioning society, it goes without saying that we need to collect, process, and remove our rubbish, garbage, and waste regularly. That’s regardless of whether inflation is high or low, or whether the economy is booming or busting.

That should, at least in theory, give Cleanaway a permanent tailwind. That, unfortunately, has not been the lived experience of Cleanaway’s investors. This is an ASX 200 stock that just never seems to go anywhere. To illustrate, today’s 20% jump merely raises Cleanaway shares back up to where they were all the way back in April of 2022. Any investors who bought back then have simply traded water eer since. Even the company’s dividends (today yielding about 2.3%) wouldn’t have made a huge dent in that miserly performance.

Looking through this lens may explain why EQT Infrastructure is happy to pay $3.095 per Cleanaway share. This company’s long-term shareholders may not be delighted with the price that is on offer from the takeover. However, they may just relish the opportunity to get out of this stock anyway.

The post Up 20%: Has the EQT deal saved Cleanaway shares? appeared first on The Motley Fool Australia.

More reading

• Cleanaway Waste Management enters $9.3bn Scheme with EQT Infrastructure
• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX 200 shares today
• Buy, hold, sell: New Hope, Cleanaway Waste Management, NextDC shares

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.

Having $750,000 invested in exchange-traded funds (ETFs) would put you in a strong financial position heading into retirement.

But would it be enough to stop working and enjoy a comfortable lifestyle?

I think it could be, particularly with the right investment strategy.

Let’s look at what the numbers suggest.

How much would you need?

According to the Association of Superannuation Funds of Australia (ASFA), a single person who owns their home outright needs approximately $56,166 a year for a comfortable retirement.

That includes everyday expenses alongside holidays, private health insurance, leisure activities, and other things that make retirement enjoyable.

ASFA also estimates that a single homeowner needs around $630,000 in superannuation at age 67 to fund this lifestyle, assuming some assistance from the Age Pension.

So, with $750,000 available, our hypothetical retiree is starting from a promising position.

But the next question is how to turn that money into an income that can last for decades.

How I’d approach an ETF portfolio

One of the things I like about ETFs is that they make it relatively straightforward to spread investments across different markets.

For example, the Vanguard Australian Shares Index ETF (ASX: VAS) provides exposure to hundreds of Australian shares, many of which pay regular dividends.

Meanwhile, the Vanguard MSCI Index International Shares ETF (ASX: VGS) offers access to major businesses around the world.

I think combining Australian and international shares could provide a reasonable balance between income and long-term capital growth.

I would also consider including some defensive investments. The Vanguard Australian Fixed Interest Index ETF (ASX: VAF), for example, provides exposure to a diversified portfolio of bonds.

Having some money in these less volatile investments could help reduce the need to sell shares during a market downturn.

For me, that would be important in retirement, when regular withdrawals become part of everyday life.

Could the income cover expenses?

Let’s imagine our $750,000 portfolio generates an average annual dividend yield of 4%. That would provide approximately $30,000 a year in investment income.

It is important to remember that this is an illustrative assumption. Actual dividends would depend on the ETFs selected and could vary considerably.

Nevertheless, it gives us a starting point.

Against ASFA’s comfortable retirement estimate of $56,166, there would be an annual shortfall of approximately $26,166. That means our retiree would need additional income or to sell some investments to cover their spending.

But I don’t see this as a problem. After all, our ETF portfolio would ideally be generating capital growth alongside its distributions.

Let’s imagine the portfolio achieves an average annual total return of 7.5%, comprising 4% in dividends and 3.5% in capital growth.

On a $750,000 portfolio, that additional 3.5% would represent approximately $26,250 in capital appreciation.

That is almost exactly what our retiree needs to make up the shortfall.

In a year when those returns are achieved, selling some ETF units could cover the remaining living expenses while leaving the overall portfolio value broadly unchanged.

Of course, returns won’t arrive so neatly every year. Markets can fall, dividends can be reduced, and some years will require larger withdrawals from capital.

Inflation will also increase living costs over time, so maintaining the portfolio’s value in dollar terms would not fully protect its purchasing power.

But I think a diversified portfolio targeting a reasonable mix of income and growth could be a workable retirement strategy, particularly if Age Pension payments eventually provide additional support.

Foolish takeaway

For a single person who owns their home outright, I think $750,000 in ASX ETFs could be enough to fund a comfortable retirement.

An average annual return of 7.5% would theoretically cover today’s estimated living expenses without steadily depleting the original investment.

That return is not guaranteed, and I would want some flexibility to handle weaker years. But I think the numbers show that a comfortable retirement with $750,000 is certainly achievable.

The post Could $750,000 in ASX ETFs fund a comfortable retirement? appeared first on The Motley Fool Australia.

More reading

• Vanguard ETFs will pay dividends today. Here’s how much
• Why these Vanguard ETFs could be buys for beginners
• The 3 factors that have helped me build a six-figure ASX share portfolio at 35
• 3 excellent ASX ETFs for beginners in 2027
• VGS vs V500: Which Vanguard ETF would I buy?

Motley Fool contributor Grace Alvino has positions in Vanguard Australian Shares Index ETF. 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 Vanguard Msci Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.