Author: openjargon

Andean Silver Ltd (ASX: ASL) shares are slipping on Tuesday after the explorer released another strong drilling update before the market open.

At the time of writing, the Andean Silver share price is down 1.58% to $1.87, extending its losses from last week’s pullback.

The stock remains down almost 22% since the start of 2026, showing just how volatile sentiment has been this year.

The latest move comes despite the company reporting more high-grade drilling success at its Cerro Bayo silver-gold project in Chile.

Let’s take a closer look.

More strong drilling results from Cerro Bayo

According to the ASX release, Andean Silver delivered another batch of strong assay results from the Cerro Bayo project.

Ongoing drilling continues to extend known mineralisation while giving the company more confidence in the overall resource base.

Some of the standout results included 68.3 metres at 65g/t silver equivalent from the Appaloosa Breccia zone, including a much higher-grade 1.3 metres at 1,523g/t silver equivalent.

The company also reported 33.2 metres at 75g/t silver equivalent, with several smaller high-grade sections inside that result.

These results are expected to feed into a mineral resource update planned for the June quarter.

The current Cerro Bayo resource already stands at 9.8 million tonnes grading 353g/t silver equivalent for 111 million ounces of contained silver equivalent.

Why investors are looking beyond the recent volatility

Investors seem to be looking past the recent share price volatility and focusing more on the growing scale now emerging across multiple target zones.

Today’s announcement also showed progress across Temer, Coyita North, and the Appaloosa Breccia, with management saying the updated resource is expected to support restart studies later this year.

The company also remains well funded, with roughly $56.1 million in cash following its recent capital raising. This gives it the flexibility to keep drilling aggressively through 2026.

That strong cash position also lowers near-term funding concerns and gives investors a clearer path to the June catalyst.

Foolish Takeaway

While the share price is still down quite a bit in 2026, the new drilling results continue to support the view that Cerro Bayo could become a much larger and more defined silver-gold asset over time.

The June quarter resource update now looks like the next major event that could decide whether this rebound has more room to keep going.

A stronger June resource update could give investors more confidence in plans to bring the project back into production.

The post This ASX mining stock is heading south again today. Here’s why appeared first on The Motley Fool Australia.

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• Why are these ASX silver stocks racing higher today?

Motley Fool contributor Aaron Teboneras 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.

There are numerous potential picks retirees could make for their portfolio. I think Washington H. Soul Pattinson and Co Ltd (ASX: SOL) ticks many of the boxes older (and younger) Australians may be looking for. Soul Patts shares may not be very famous, but I think they should be.

The first thing to know is that the business has already displayed excellent longevity in that it’s more than 120 years old and has been listed on the ASX for all those years.

It started as a pharmacy business, which is where the Soul Pattinson Chemist chain got its name. However, Soul Patts divested its stake in the chemist business a few years ago.

There are a few reasons why I think it’s a wonderful pick for retirees, so let’s get into those.

Great diversification

Many of the largest ASX dividend shares we can invest in generate most/all of their earnings from a specific sector, such as banking, mining, telecommunications, and so on.

Soul Patts has built a very diversified portfolio after making numerous investments over the decades. Now it’s invested in a number of different areas such as sizeable listed companies, ‘real assets’ (real estate, agriculture, water, and data centres), emerging companies, credit and private companies.

Some of the main sectors it has exposure to through its company investments include energy, communication services, mining, financials, industrials, retail, healthcare, building products, swimming schools, and electrification.

Soul Patts shares can give retirees a significant level of uncorrelated asset diversification, while also enabling the business to search far and wide (including internationally) for great investment opportunities.

As the years go by, I expect the Soul Patts portfolio will continue to modernise and become even more growth focused.

Incredible dividend record

I’m sure most retirees reading this want to know about the dividend, so let’s talk about its incredible record.

Soul Patts has grown its regular annual payout every year for 28 years in a row. No other business on the ASX has the same track record of consistent dividend growth. I’m expecting the company to reach 30 years of consistent dividend growth and more.

Another fact worth knowing is that it has paid a dividend every single year of its existence, going back 120 years, including through the wars, pandemics, and recessions.

This business is very committed to paying dividends to shareholders.

It recently grew its HY26 interim dividend by 9.1% to 48 cents per share. It now has a grossed-up dividend yield of 3.8%, including franking credits.

If the ASX dividend share continues to generate cash flow from its own investments, I’d say shareholders have a great chance of seeing growth for the foreseeable future.

Long-term capital growth

Soul Patts is not just a dividend machine, but it is also growing its share price over time thanks to the increasing value of its portfolio.

The portfolio is growing organically as its business investments naturally grow in size as they deliver on their own plans.

Soul Patts is also able to make new buys with some of the investment cash flow from its portfolio that it retains (after paying for operating expenses and giving shareholders a larger dividend).

With its HY26 result, Soul Patts noted that in the past 25 years, it has delivered an average total shareholder return (that’s capital growth plus dividends) of 12.9% per year, outperforming the total return of the S&P/ASX 200 Index (ASX: XJO) by 4.6% per year. Those returns show plenty of capital growth for investors.

I think this is one of the most effective investments retirees can buy for their portfolio for the long term.

The post Why Soul Patts shares are a retiree’s dream appeared first on The Motley Fool Australia.

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• Everything you need to know about the latest Soul Patts dividend
• Soul Patts shares push higher on profit jump and 28th dividend increase in a row

Motley Fool contributor Tristan Harrison has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in Pinnacle Investment Management Group Ltd (ASX: PNI) are trading not far off their 12-month lows, with at least one broker tipping there’s plenty of share price upside to be had from here.

Canaccord Genuity has issued a research note to its clients recently, with a very bullish price target on the funds manager, which we’ll get to shortly.

Firstly, what does the company do?

Pinnacle offers the ability to invest in products offered by a range of different “affiliates” – themselves major fund managers and investors – with both retail and wholesale investors catered for.

Strong capital flows

In its most recent half-year results, Pinnacle said it had experienced record net inflows of $17.2 billion, with $6.8 billion in retail inflows, $7 billion in institutional, and $3.4 billion in international inflows.

Pinnacle Chair, Alan Watson, said of the results:

Our broad platform of Affiliates and strategies, together with increasing presence in much larger addressable end markets, has underpinned a strong net flow outcome for the half, which will drive revenue growth in future periods. It is pleasing that all existing Affiliates are profitable with revenues and core earnings continuing to build. Finally, we are delighted to welcome our nineteenth Affiliate, Advantage Partners of Japan, and today announce further investment into Pacific Asset Management. We are confident that both of these growth initiatives will be to the benefit of our clients, people and shareholders.

Pinnacle’s first-half net profit was $67.3 million, down 11% on the previous corresponding period, and the company said it had about $110 million of “dry powder” available to invest at the end of the half.

In its research note to its clients, Canaccord said it has its eye on one Pinnacle affiliate in particular in Metrics, which gives investors exposure to Australian corporate loans.

As they said:

We believe FY26 will be the breakout year for Metrics following the ingestion and optimisation of several acquisitions that should finally begin to yield fruit. Performance is tracking well across all major Metrics’ funds financial year to date with asset under management holding steady since the December half, highlighting that despite fears of an en-masse redemption wave and liquidity shortfall, the numbers don’t currently support this but will be a watching brief with the detailed disclosures provided by Metrics at the fund/trust level highlighting a position of significant strength.

Shares looking cheap

Canaccord has a price target of $24.53 on Pinnacle shares, down from $27.22, but still well above the current price of $13.56.

Pinnacle was removed from the S&P/ASX 100 Index (ASX: XTO) in the most recent rebalance, which became effective on March 23.

Pinnacle was valued at $3.17 billion at the close of trade on Monday.

The post This beaten-down ASX financial stock could deliver returns of better than 80% 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 positions in and has recommended Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

There are very few Australian passive income stocks that I think could challenge MFF Capital Investments Ltd (ASX: MFF) as one of the leading ASX dividend stalwarts.

MFF is a listed investment company (LIC), which is the core driver of shareholder returns. It also owns a separate funds management business (which was acquired) that is focused on providing international share funds to clients and gives MFF more research capabilities.

There are significant benefits for investors who want investment income, so let’s run through those advantages.

Large and growing dividend yield

I’m sure many passive income seekers want to know about the dividend, so let’s start there.

Impressively, its regular annual dividend has grown in consecutive years going back to 2018. Not many ASX dividend shares can point to a dividend record like that.

But, it’s not just the dividend growth that’s pleasing – the dividend yield is also very good.

The ASX dividend stalwart is expecting to pay an annual dividend per share of 21 cents in FY26.

At the time of writing, this translates into a forward grossed-up dividend yield of 6.5%, including franking credits.

If the business continues its growth pattern of increasing the payout by 1 cent per share every six months, that could translate into a forward grossed-up dividend yield of 7.2%, including franking credits in FY27.

Good investment process

MFF aims to take a “long-term view and focus on a select group of businesses that offer attractive combinations of quality and value, clear our high opportunity cost hurdle and create the potential for self-reinforcing growth.”

The ASX dividend stalwart wants to take an investment mindset that focuses on duration and enables the power of compounding.

Its portfolio has around 25 holdings in some of the world’s best listed businesses, ensuring that its portfolio can be fairly concentrated so that high-performing ideas can have a meaningful impact on the overall returns.

Diversification and strong total returns

MFF’s portfolio has been constructed to have great ideas, but I believe they are from a sufficient number of sectors and countries to mean that the portfolio is diversified enough to not be at risk from any particular issue.

Some of the ASX dividend stalwart’s biggest investments are across payment giants, US tech titans, retail, healthcare, banking and alternative asset and private equity fund managers.

MFF’s investment strategy has clearly performed well for investors because it has delivered an average total shareholder return (TSR) of 15% per year over the past five years.

It looks good value to me after falling in recent weeks amid the Middle East uncertainty.

The post An ASX dividend stalwart every Australian should consider buying appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Mff Capital Investments. 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 Mff Capital Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Magellan Financial Group Ltd (ASX: MFG) share price is in focus today after the company announced its Share Purchase Plan (SPP) successfully raised $20 million, with strong support from shareholders and a participation rate of 17%.

What did Magellan Financial Group report?

• Raised the full $20 million target in its March 2026 Share Purchase Plan (SPP).
• Received valid applications totalling $129.4 million from 5,195 eligible shareholders.
• Participation rate of 17% in the SPP.
• Approximately 2,366,548 new shares to be issued at $8.45 per share.
• Scale-back applied to larger applications in line with SPP terms.
• New shares set to begin ASX trading on 2 April 2026.

What else do investors need to know?

The high demand for Magellan Financial Group’s SPP far exceeded the targeted amount, resulting in a scale-back of larger applications. Eligible shareholders applying for up to $997.10 worth of shares weren’t scaled back, while those seeking more faced a pro-rata allocation.

Refunds for surplus application amounts are expected to be processed by 1 April 2026. The new shares will rank equally with existing Magellan shares, and holding statements will be dispatched on or around 8 April 2026.

What’s next for Magellan Financial Group?

With the SPP completed and fresh capital raised, Magellan plans to put the proceed to work according to the strategy outlined in prior March 2026 announcements. The company remains focused on strengthening its investment management and specialist financial services pillars, which could further support its long-term growth ambitions.

Investors will be watching how these funds are deployed and any updates on potential investments or new partnerships as the company looks to deliver more value in the evolving financial services landscape.

Magellan Financial Group share price snapshot

Over the past 12 months, Magellan Financial Group shares have risen 25%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post Magellan Financial Group shares in focus after $20m share plan hits target 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.

The West African Resources Ltd (ASX: WAF) share price is in focus today as the company announced record 2026 gold production guidance, targeting up to 490,000 ounces at an all-in sustaining cost (AISC) under US$1,900 per ounce.

What did West African Resources report?

• 2026 group gold production guidance: 430,000–490,000 ounces (up from 300,000 ounces in 2025)
• Group AISC guidance: under US$1,900/oz
• Kiaka mine forecast: 240,000–280,000 ounces of gold
• Sanbrado mine forecast: 190,000–210,000 ounces of gold
• Planned exploration drilling: over 100,000 metres across key sites in 2026
• Potential dividend and/or share buybacks under consideration for H2 2026

What else do investors need to know?

West African Resources is forecasting 2026 to be its strongest year yet, following the first full year of Kiaka operations and ongoing strong output from Sanbrado. The company is planning significant investment in exploration, with more than US$15–$22 million allocated to expand resources and extend mine life across its sites.

Capital management is a focus, with the board considering options such as early debt repayments and returning capital to shareholders through dividends or share buybacks, depending on free cash flow generation. The company is also managing operating cost risks, including royalties linked to gold price and potentially higher fuel costs.

What did West African Resources management say?

Executive Chairman and CEO Richard Hyde said:

2026 is set to be a record production year for WAF as we will see a full year of operation from Kiaka for the first time, and another solid year of production from Sanbrado is expected. We are guiding WAF gold production from 430,000 to 490,000 ounces in 2026 at an AISC less than US$1,900/oz. WAF is on an exciting growth trajectory, and we continue to create value through the drill-bit with a US$20 million exploration budget and more than 100,000m of drilling planned at our Sanbrado and Kiaka production centres and surrounding exploration areas in 2026.

What’s next for West African Resources?

Looking ahead, West African Resources aims to grow annual gold production beyond 500,000 ounces, supported by active exploration and development at both Kiaka and Sanbrado. Key projects for 2026 include continued mine development, plant upgrades, and infrastructure investment to support reliable operations and long-term profitability.

The company is also reviewing its capital management approach, with the potential for dividends and/or share buybacks after its 2026 half-year result, as free cash flow permits.

West African Resources share price snapshot

Over the past 12 months, West African Resources shares have risen 31%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post West African Resources: 2026 production guidance forecasts record gold output 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.

Artificial intelligence (AI) has quickly shifted from being a future theme to something that is actively reshaping industries today.

What I find most interesting is that the opportunity is not limited to the obvious global tech giants. There are ASX shares quietly building the infrastructure that helps make AI possible.

If I were looking to lean into this trend, these are three ASX shares I would be paying close attention to.

NextDC Ltd (ASX: NXT)

When I think about AI, one of the first things that comes to mind is data.

Not just the algorithms or the models, but the physical infrastructure required to store, process, and move enormous amounts of information.

That is where NextDC fits in.

The company operates high-performance data centres, which are becoming increasingly critical as demand for cloud computing and AI workloads continues to grow.

What stands out to me is the scale of its expansion. The company has been investing heavily in new capacity, and its growing forward order book suggests that customers are already lining up for that infrastructure.

AI workloads are not lightweight. They require power, connectivity, and proximity. Data centres sit right at the centre of that ecosystem.

For me, NextDC is less about short-term profitability and more about positioning. If AI demand continues to rise, I think the importance of high-quality data centre operators only increases.

Megaport Ltd (ASX: MP1)

If NextDC is about where data lives, Megaport is about how it moves.

Megaport provides network-as-a-service, allowing businesses to connect quickly and flexibly to cloud providers, data centres, and other services.

In an AI-driven world, that connectivity becomes even more important.

Training models, running applications, and distributing results all rely on fast, scalable networks. The more complex and data-intensive the workloads become, the more valuable that connectivity layer is.

What I find interesting here is how the company is expanding its capabilities.

Its recent push into adjacent areas like compute and GPU-as-a-service suggests to me that it is trying to capture more of the AI value chain, not just the networking component.

It is still a business that is proving itself in some respects. But if it executes well, I think it has the potential to benefit meaningfully from the growth in AI-driven demand.

Goodman Group (ASX: GMG)

Industrial property company Goodman is not always the first name people think of when it comes to artificial intelligence.

But I think it arguably should be.

The company has been increasingly focused on developing data centres alongside its more traditional logistics assets. And those data centres are becoming a critical piece of AI infrastructure globally.

Something that stands out to me is the scale and positioning of its development pipeline.

With a significant portion of its work in progress now tied to data centres, Goodman is effectively building the physical backbone required for the digital economy.

It also has something that I think is underappreciated. Access to land, power, and capital in key global cities.

These are not easy assets to replicate. And as demand for data centre capacity grows, those constraints could become even more important.

For me, Goodman offers a slightly different way to play the AI theme. It is less about technology itself and more about the infrastructure that supports it.

Foolish takeaway

If you are bullish on artificial intelligence, I do not think you need to limit yourself to the obvious names overseas.

From data storage to connectivity to physical infrastructure, NextDC, Megaport, and Goodman Group each provide exposure to different parts of the AI ecosystem.

When I think about where the long-term demand is heading, these are the kinds of businesses I find myself drawn to.

The post Bullish on artificial intelligence? Here are 3 ASX shares I’d buy appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino 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 Goodman Group and Megaport. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

There are a lot of ASX shares to choose from on the local bourse.

To narrow things down, let’s now take a look at three ASX shares that Morgans has recently given its verdict on.

Is it recommending them as buys, holds, or sells? Let’s find out:

Endeavour Group Ltd (ASX: EDV)

BWS and Dan Murphy’s owner Endeavour Group delivered a first-half result that was in line with expectations last month.

However, given that the company is still working its way through its refreshed strategy, it isn’t ready to recommend Endeavour shares as a buy. It has put a hold rating and $3.65 price target on them. It said:

There were no major surprises in EDV’s 1H26 result following the company’s trading update in January. While EDV continues to work on its refreshed strategy with further details to be provided at an investor day on 27 May, management confirmed that the combined Retail and Hotels portfolio will be retained.

Management also noted that they will continue investing in Dan Murphy’s to restore its price leadership, while accelerating hotel renewals and electronic gaming machine (EGM) replacements. We decrease FY26-28F underlying EBIT by between 0-1%. Our target price falls to $3.65 (from $3.70) and we retain our HOLD rating.

Magellan Financial Group Ltd (ASX: MFG)

Morgans is positive on this fund manager’s merger with Barrenjoey.

In response to the deal, which it believes makes strategic sense, the broker recently upgraded its shares to a buy rating with a significantly improved price target of $12.43.

Its analysts believe the merger could “reinvigorate” Magellan. It said:

MFG has entered into an arrangement to merge with Barrenjoey. We think the deal makes strategic sense and will reinvigorate the MFG story. Nevertheless, deal pricing appears tilted in Barrenjoey’s favour (in our view). We assume the merger closes at the end of FY26. Changes to our MFG FY26F/FY27F/FY28F EPS are -27%/+10%/~+25% reflecting the incorporation of the deal and upgrades to our assessment of Barrenjoey’s earnings profile (based on new disclosures).

Our price target is set at A$12.43 (previously A$9.80). We think the Barrenjoey merger fundamentally changes MFG’s overall outlook, strengthening the business and providing additional pathways to growth. MFG also retains a strong balance sheet (~A$690m of liquidity, post deal). Move to a BUY.

Rio Tinto Ltd (ASX: RIO)

Finally, Morgans recently became a bit more positive on mining giant Rio Tinto and its shares.

However, it is not quite enough for a buy rating. The broker has put a hold rating and $147.00 price target on its shares. It said:

We upgrade RIO from TRIM to HOLD with a revised target price of A$147 (prior A$146). The recent share price pullback closes the valuation stretch, while a lift in our medium-term iron ore assumption from US$80/t to US$85/t provides a firmer earnings floor. RIO remains a top-tier diversified miner.

Not cheap enough for a BUY, but the pullback removes the overshoot that justified TRIM. [With an] Iron ore earnings platform, copper and aluminium leverage, and lithium optionality, RIO represents an attractive mix with good execution in the Pilbara and Oyu Tolgoi.

The post Buy, hold, sell: Endeavour, Magellan, and Rio Tinto shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Endeavour Group. 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.

The ASX share market is a great place to find investments that we can buy and own for the long-term. Allowing compounding to work its magic over an extended period of time.

It’s during times like these that investors can find opportunities that are more likely to produce strong returns. The lower the price we pay for a good business, the stronger the return can be.

For example, a great business may be able to grow its share price from $10 to $20 over a five-year period – a return of 100%. But, if it fell to $8 (a 20% drop from $10) during that five-year period, the rise to $20 would be a gain of 150% (in a shorter timeframe) if someone managed to buy at $8.

Let’s look at two businesses that have compelling futures and look good value today.

Guzman Y Gomez Ltd (ASX: GYG)

Guzman Y Gomez is a Mexican food business with restaurants in Australia, Singapore, Japan and the US.

At the end of the FY26 half-year period, the business had 237 locations in Australia (with 87 of those being company-owned and 150 being franchised). It also had 27 franchise locations in Asia (22 in Singapore and five in Japan), as well as eight company-owned locations in the US.

The ASX share is looking to grow to 1,000 Guzman Y Gomez locations in Australia over the next two decades, which would mean a quadrupling of its current network.

Network sales are growing rapidly in Australia, which I think is a great sign of how the company’s financials could progress in the coming years because of how popular it is with consumers.

In HY26, Australian total network sales jumped 17.4% to $632.1 million and the Asian network sales increased 19.25% year-over-year.

While the US segment is currently struggling with profitability, the ongoing scaling of the business can help with certain profit measures. In HY26, US network sales jumped 67% to $8.2 million, while general and administrative expenses as a percentage of network sales improved from 78.1% in HY25 to 48.2% to HY26.

Despite investment in growth in the US, Guzman Y Gomez is seeing pleasing growth of its profit levels. Overall operating profit (EBITDA) grew by 29.6% to $40.9 million and net profit rose 44.9% to $10.6 million.

The ASX share is demonstrating operating leverage, strong double-digit revenue growth and it has big growth plans.

As long as the company’s comparable sales growth remains solid, I think the business has very exciting prospects, particularly at this lower price – it’s cheaper by around 25% in the year to date.   

Rivco Australia Ltd (ASX: RIV)

This business is a company that purely owns water entitlements in Australia and leases them out to agricultural operators on both long-term and short-term leases.

Rivco regularly agrees leases with farmers. For example, its February update included a 1,000 ML lease, taking its forward-committed position from 1 July 26 to around 66% of the portfolio.

The ASX share is seeing strong demand from irrigators and some dam storage levels have reduced.

In the long-term, I’m expecting water entitlement values to increase as a result of the Australian and global populations increasing, as well as more water-hungry crops being planted (such as almonds).

With the ASX share recently placing greater emphasis on paying a dividend based on its core operating earnings, I think it will be able to deliver stronger capital growth over the long term if it reinvests more of its capital gains in additional water entitlements or other shareholder-boosting initiatives, such as debt repayment or on-market share buybacks.

At February 2026, the ASX share reported a pre-tax net asset value (NAV) of $1.79 and post-tax NAV of $1.62. That means the current Rivco share price is at a discount of more than 10%, which looks appealing to me.

The post 2 top ASX shares to buy and hold for the next decade appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Guzman Y Gomez. 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.

ASX-listed exchange-traded funds (ETFs) can be some of the most effective investments that Aussies can buy because of the investment exposure and instant diversification they can provide.

I don’t have a significant portion of my portfolio invested in ASX ETFs, but there’s a particular ASX ETF I’m expecting to build up my exposure to in the coming years: WCM Quality Global Growth Fund (ASX: WCMQ).

There are plenty of ways to invest in international shares, with some options enabling investors to follow an index for a very cheap fee.

For multiple reasons, I think this ASX ETF is an even more appealing investment.

High-quality shares

This fund aims to own a portfolio of between 20 to 40 stocks that primarily come from the high-growth consumer, technology and healthcare sectors.

WCM – the California-based fund manager of this ASX ETF – believes that corporate culture is the biggest influence on a company’s ability to grow its competitive advantages, which can also be called an economic moat.

I think it’s important to recognise that competitive advantages are key drivers for a business to protect and grow their profit.

For WCM, they want to see that the competitive advantages are improving, which I think is smart, as that suggests improving profitability as time goes on.

Over the long-term, I think high-quality shares are likely to deliver a better performance than the overall share market.

In the 10 years to February 2026, the strategy that this ASX ETF follows has delivered an average net return per year of 16.6%, outperforming the global share market benchmark by an average of approximately 3% per year. Of course, past performance is not a guarantee of future returns.

Global portfolio

One thing I think plenty of Aussie investors may be guilty of is not taking advantage of the great opportunities that are out there on the global share market.

The ASX only accounts for 2% of the global share market – there are lot of opportunities in the other 98% of the world.

But, instead of choosing a portfolio that’s weighted to just a few large US tech names, I like that the WCMQ ETF is invested in a variety of names across the world.

In terms of geographic exposure, only 55% of the portfolio was invested in the Americas at the end of February. Not just the US, but the whole of the Americas only had a 55% weighting. Europe with a 26% weighting and Asia Pacific with a 17% weighting are the other two main regions with a sizeable allocation.

Some of its current largest holdings include Siemens Energy, AppLovin, Taiwan Semiconductor, Western Digital and Rolls Royce.

Appealing dividend yield

Not only are the portfolio and returns impressive, but the fund also offers a very solid dividend yield.

The ASX ETF aims to give investors a minimum annualised cash yield of 5%, which I think is a great starting point.

Given how the portfolio has performed (a mid-teen net return), the ETF has been able to comfortably fund the yield and deliver good capital growth. With the investment strategy WCM employs, I’d optimistic the long-term returns can continue to be pleasing.

The post Why I’m planning to make this my biggest ASX ETF holding appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Wcm Quality Global Growth Fund. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Taiwan Semiconductor Manufacturing and Western Digital. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Rolls-Royce Plc and Siemens Energy Ag. 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.