The Ophir High Conviction Fund (ASX: OPH) share price is in focus today after announcing its full-year unfranked distribution of 36.33 cents per unit, with payment due on 17 August 2026.

What did Ophir High Conviction Fund report?

• Full year unfranked distribution of 36.33 cents per unit
• Distribution relates to the period ending 30 June 2026
• Record date is 1 July 2026; ex-date is 30 June 2026
• Payment scheduled for 17 August 2026
• Distribution Reinvestment Plan (DRP) available to eligible unitholders with a zero discount

What else do investors need to know?

This distribution is entirely unfranked, reflecting current taxation arrangements for the fund. The DRP allows eligible investors—those based in Australia and New Zealand—to reinvest their distributions into additional units, with the reinvestment price to be based on the fund’s net asset value during the calculation period.

Unitholders who do not elect to participate in the DRP will receive their distribution as a cash payment. Final tax component details will be provided in standard AMMA statements following 30 June.

What’s next for Ophir High Conviction Fund?

Looking ahead, management is expected to continue focusing on delivering value to unitholders and communicating distribution details clearly. Eligible investors may choose to reinvest or receive distributions as cash, depending on their individual circumstances. The fund will update the market on any changes to future distributions or fund strategies as needed.

Ophir High Conviction Fund share price snapshot

Over the past 12 months, Ophir High Conviction shares have declined 19%, trailing the S&P/ASX All Ords Index (ASX: XAO), which has risen 2% over the same period.

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The post Ophir High Conviction Fund announces FY26 unfranked distribution appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

S&P/ASX Small Ordinaries Index (ASX: XSO) shares are in the green on Monday, up 0.5% to 3,323.9 points.

ASX small-cap shares outperformed in FY26. The index rose 5.46% and delivered a total return, including dividends, of 8.11%.

This compares with a 2.43% rise and a 5.69% total return for the S&P/ASX All Ordinaries Index (ASX: XAO).

This week, experts are calling time on three ASX small-cap shares.

Let’s find out why (courtesy The Bull).

Judo Capital Holdings Ltd (ASX: JDO)

The Judo share price is 95 cents, up 1.3% on Monday and down 39% over 12 months.

The ASX small-cap bank share took a big hit last month after Judo issued a profit guidance downgrade.

Mark Elzayed from Investor Pulse explains his sell recommendation on Judo Capital shares:

Judo recently cut profit before tax guidance in fiscal year 2026 to between $163 million and $169 million from a previous range of between $180 million and $190 million.

It was primarily driven by a higher cost of risk now expected to range between $116 million and $122 million following specific provisions against three exposures across different sectors.

Profit before tax guidance of between $210 million and $220 million in full year 2027 was below market expectations of $255.1 million.

In our view, market reaction reflects more than a one-off potential earnings downgrade.

Provisioning risk remains elevated, so we retain a sell on Judo Capital.

Forrestania Resources Ltd (ASX: FRS)

The Forrestania Resources share price is 38 cents, down 3.8% today but up 192% over 12 months.

Elzayed also gives this ASX small-cap materials share a sell rating, and commented:

FRS is a gold exploration and development company focusing on building quality projects across Western Australia’s mining districts.

FRS announced on July 1 it had received binding commitments to raise about $310 million for the Edna May Gold Hub. The company’s objective is to have Edna May fully commissioned and operational in the first half of 2027.

An institutional placement of 775 million shares was priced at 40 cents. The placement is shareholder dilutive and gold prices remain under pressure, in our view.

The shares have fallen from 64 cents on May 18 to trade at 39 cents on July 15.

Readytech Holdings Ltd (ASX: RDY)

The Readytech share price is $1.61, down 0.3% today and and down 33% over 12 months.

Nathan Lodge from Securities Vault explained his sell rating on this ASX small-cap tech share:

An unsolicited, non-binding indicative proposal to acquire ReadyTech Holdings was rejected by the RDY board on June 1, 2026.

The RDY board concluded that the $2 a share cash scheme arrangement and a parallel off market bid of $1.75 a share didn’t reflect the company’s inherent value and wouldn’t be executable. The shares were trading at $1.61 on July 15.

ReadyTech has built a quality software business with recurring revenue across education, workforce management and government solutions.

However, I believe much of the company’s long term growth potential is already reflected in the share price, limiting scope for further upside in the near term. ReadyTech operates in highly competitive markets.

The post Sell Judo shares and 2 other ASX small-caps: experts appeared first on The Motley Fool Australia.

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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 positions in and has recommended ReadyTech. 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.

S&P/ASX 200 Index (ASX: XJO) shares are up 0.14% to 8,808.6 points on Monday afternoon. 

The fastest rising ASX 200 shares today are 4D Medical Ltd (ASX: 4DX), up 10%, and Deep Yellow Ltd (ASX: DYL), up 7.3%.

Among the biggest fallers are Alcoa Corporation CDI (ASX: AAI), down 3.8%, and Pexa Group Ltd (ASX: PXA), down 3.6%.

Let’s check out 3 shares with new ratings from the experts today (courtesy The Bull). 

SKS Technologies Group Ltd (ASX: SKS)

The SKS Technologies share price is $7.95, down 5% today but up 250% over 12 months.

Mark Elzayed from Investor Pulse has a buy rating on this ASX 200 industrials share. 

He said: 

SKS specialises in electrical technologies and digital infrastructure. It offers services across audio visual, communications and electrical solutions in Australia.

In our view, it’s a compelling buy in response to Australia’s data centre electrification boom.

Sales revenue rose 13.6 per cent in the first half of 2026 when compared to the prior corresponding period, while profit before tax increased 52.8 per cent. EBITDA was up 42.9 per cent.

The company is forecasting full year revenue of $340 million in full year 2026 at a profit before tax margin of 10 per cent.

The forecast is underpinned by a robust order book and the Delta Elcom acquisition expanding its Sydney data centre footprint and representing a significant percentage of the domestic market.

Yancoal Australia Ltd (ASX: YAL)

The Yancoal share price is $5.69, up 6.1% today and down 6.5% over 12 months.

The coal producer is the third fastest-rising share of the ASX 200 today.

Elzayed has a hold rating on this ASX 200 energy share. 

He explained:  

Yancoal is balancing strong fundamentals against a near term overhang.

In April, YAL announced it would acquire 80 per cent of the Kestrel metallurgical coal mine in the Bowen Basin for $US2.4 billion. The acquisition is accretive over the long term, but adds leverage.

Diesel cost inflation threatens to push 2026 unit costs toward the top end of its guidance range.

Consensus targets of about $7.02 on July 15 imply upside, but integration and coal price risks argue for holding the stock rather than adding.

Wesfarmers Ltd (ASX: WES) 

The Wesfarmers share price is $92.64, down 0.2% today and up 10.6% over 12 months.

Tony Locantro from Alto Capital has a sell rating on the ASX 200’s largest consumer discretionary share.

He said:

The company delivered a strong first half result in full year 2026, reporting net profit after tax of $1.603 billion, up 9.3 per cent, reflecting continued earnings growth across its retail portfolio amid disciplined operational execution.

Despite these strong fundamentals, much of the company’s quality and long term growth outlook appear fully reflected in its premium valuation.

While Wesfarmers remains an outstanding long term business, future upside may be constrained by elevated market expectations.

Given the strong share price performance and demanding valuation, the current risk-reward balance supports taking profits at current levels.

The post Buy, hold, sell: SKS Technologies, Yancoal, Wesfarmers shares appeared first on The Motley Fool Australia.

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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 positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Sks Technologies Group and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.