Author: openjargon

Working out how many Cochlear Ltd (ASX: COH) shares you need for $10,000 of passive income is simple maths, but the answer might catch you off guard.

Cochlear is the world’s leading maker of implantable hearing solutions, holding around 60% of the global cochlear implant market.

For years, the company was a dependable compounder that quietly rewarded patient shareholders.

The past 12 months, however, have tested even its most loyal investors.

The dividend maths for Cochlear shares

Cochlear pays two dividends to shareholders each year.

Lately, those payments have added up to an annual dividend of $4.30 per share.

The most recent interim dividend of $2.15 was franked at 85%, which adds a further tax benefit for many holders.

To generate $10,000 in annual passive income, including franking credits, the calculation is straightforward.

You simply divide $10,000 by the grossed-up dividend of about $5.87 (the $4.30 cash payout plus roughly $1.57 in franking credits).

That works out to roughly 1,705 Cochlear shares.

At current share prices of around $118, those shares would set you back close to $201,190.

That is a serious amount of capital for most everyday investors to commit, and it is also a reminder that Cochlear has never really been an income stock at heart.

At current prices, the shares offer a gross dividend yield of about 3.6%, although franking credits sweeten that headline return a little further at tax time.

Why have Cochlear shares fallen so far?

The dividend is only half the story here.

Cochlear shares have dropped heavily over the past year, one of the reasons why Cochlear’s dividend yield looks unusually generous now.

The stock currently trades far below its 52-week high of $319.56, largely due to a run of disappointing news from the company itself.

Recent earnings in focus

Cochlear reported its half-year results for the six months to 31 December 2025 back in February.

In these results, sales revenue came in at about $1.17 billion, broadly flat on the prior corresponding period. Statutory net profit fell a nasty 21% to $161.5 million, and underlying net profit slipped 9% to $195 million.

The weaker result was driven largely by the costly rollout of the new Nexa implant system, while competitive discounting from rivals chipped away at market share.

Management chose to hold the interim dividend steady rather than lift it, a call that speaks volumes about the year ahead.

Investors will get their next major update when Cochlear reports its full-year FY26 results on 18 August 2026.

Are Cochlear shares worth it for the income?

That is the real question for income-focused investors.

Cochlear is a high-quality business with a wide competitive moat, but its dividend yield is modest next to the ASX banks or Telstra Group Ltd (ASX: TLS).

An investor chasing pure income could reach $10,000 with far less capital elsewhere.

The appeal of Cochlear shares has always been growth, not yield, and anyone buying today is really paying for a long-term recovery story.

In other words, the dividend is a bonus, not the main event.

Foolish Takeaway

You would need roughly 1,705 Cochlear shares to earn $10,000 in annual passive income once franking credits are included.

At current prices, that means an outlay of close to $201,000.

For most investors, Cochlear shares make more sense as a growth holding than a pure income one.

On the growth front, Cochlear’s looming FY26 result will tell us whether the recovery is finally on track.

Until then, the passive income case remains an expensive one to make.

The post How many Cochlear shares do I need to buy for $10,000 of passive income? appeared first on The Motley Fool Australia.

More reading

• I’d listen to Warren Buffett and buy cheap ASX shares
• Down 50%+: Are these ASX healthcare shares finally worth buying?
• Here’s why I’d buy and hold CSL and Cochlear shares for 10 years
• Cochlear shares have bounced 16%. Should you buy, hold, or sell now?
• 10 fantastic ASX shares to buy for FY27

Motley Fool contributor Mark Verhoeven 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 Cochlear. The Motley Fool Australia has recommended Cochlear. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Qantas Airways Ltd (ASX: QAN) shares haven’t exactly impressed investors over the past year.

At the time of writing, the airline’s shares are down around 8% over the past 12 months, lagging the S&P/ASX 200 Index (ASX: XJO), which has gained about 2%.

But one leading broker believes the next chapter could be much brighter.

Market underestimates Project Sunrise

Morgan Stanley (NYSE: MS) has retained its overweight rating on Qantas shares and lifted its price target to $12.50, up from $10.60. That implies more than 20% upside from current levels.

The broker believes investors are underestimating the long-term value of Project Sunrise. This is Qantas’ ambitious plan to launch non-stop flights from Australia’s east coast to London and New York from October 2027 using specially designed Airbus A350-1000ULR aircraft.

Management has previously guided to around $400 million in additional annual earnings once the new routes mature. However, Morgan Stanley believes that’s only part of the story.

More than just higher earnings

The broker argues Project Sunrise could fundamentally improve the quality of Qantas’ business. The new aircraft will have around 41% premium seats, compared with roughly 10% to 20% across much of Qantas’ existing international fleet.

That greater exposure to premium travellers could lift margins and make international earnings more resilient through economic cycles.

Combined with Qantas’ ongoing fleet renewal and broader network strategy, Morgan Stanley believes Qantas shares deserve a higher valuation multiple than the market currently assigns.

Earnings forecasts are climbing

While the broker made only minor changes to its FY26 forecasts, it increased FY27 earnings per Qantas share estimates by 5%, helped largely by lower expected fuel costs.

Further out, Morgan Stanley lifted its international EBIT forecasts by between 3% and 31% across FY28 to FY30 and now expects international EBIT to reach $1.23 billion by FY31.

That’s more than double the $596 million generated in FY25 and around 26% above broader market expectations.

Why the broker is confident

Morgan Stanley points to Qantas’ existing Perth-to-London service as evidence that passengers are willing to pay a premium for non-stop long-haul travel.

Since launching in 2018, the route has consistently achieved a revenue premium of more than 20% over one-stop alternatives while maintaining load factors close to 90%.

With Sydney’s premium travel market roughly three times larger than Perth’s, the broker believes Project Sunrise doesn’t need a dramatic shift in customer behaviour to succeed.

What could go wrong?

Qantas shares still carry risks, obviously.

Premium demand may fall short of expectations, rival airlines could introduce competing ultra-long-haul services sooner than anticipated, or aircraft delivery delays could push back the earnings benefits.

Fleet investment is also expected to weigh on free cash flow over the next few years before tapering off.

Foolish takeaway

Morgan Stanley believes Project Sunrise could transform Qantas into a stronger, more profitable airline rather than simply adding another route.

Investors in Qantas shares won’t have long to wait for another update, with the airline set to release its FY26 results on 27 August, when management is expected to provide further details on its fleet renewal and flagship expansion plans.

The post Why this top expert thinks Qantas shares can fly 20% higher appeared first on The Motley Fool Australia.

More reading

• Westgold Resources exceeds guidance with record gold production in FY26
• Mercury NZ trading margin jumps 33% as renewables drive Q4 result
• Leading brokers name 3 ASX shares to buy today
• Why I’d buy Qantas, Woolworths, and ResMed shares
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Marc Van Dinther 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.

National Australia Bank Ltd (ASX: NAB) shares are sitting at a price that has me looking again.

The bank offers a solid dividend, a reasonable valuation, and an advantage that sets it apart from the rest of the big four.

Here is why I would buy NAB shares today.

The part of NAB I like most

NAB has a leading position in Australian business banking. That gives it access to customer relationships that can stretch well beyond a single loan.

A business may need transaction accounts, deposits, equipment finance, working capital, payment services, foreign exchange, and advice as it grows. The more of those needs NAB can handle, the deeper the relationship can become.

That is a more interesting growth opportunity to me than competing aggressively for every available mortgage.

Importantly, this focus has been successful. For the first half, NAB reported that its Business and Private Banking division grew lending balances by 4.6% during the six months to March 2026, while deposits increased by 5.9%.

The bank has also been investing in digital tools that allow customers to complete simple tasks more quickly, leaving bankers with more time to work through complex financial needs.

More than 80% of lending applications in the division were submitted digitally during the first half. I like that combination of better technology and relationship banking because it can improve efficiency without removing the personal support many business customers value.

Does the NAB share price valuation stack up?

NAB shares are trading around $39.30.

Based on CommSec consensus estimates, the bank is expected to generate earnings per share of $2.43 in FY26 and $2.53 in FY27.

That places the shares on price-to-earnings ratios of approximately 16.2 times FY26 earnings and 15.5 times FY27 earnings.

I would call that reasonable rather than exceptionally cheap.

The dividend strengthens the case. Forecast dividends per share of $1.70 in FY26 and $1.72 in FY27 imply dividend yields of around 4.3% and 4.4%, respectively.

For investors eligible to benefit from franking credits, the after-tax income could be even more attractive.

A simpler bank could be a better bank

NAB is also trying to reduce the complexity that has accumulated across its operations.

It had 27% fewer products in the first half than it did in FY22 and had decommissioned approximately 500 legacy applications since October 2023.

Removing old systems and overlapping products can help the bank serve customers faster, lower operating costs, and introduce new technology more easily.

The benefits may arrive gradually, but banking rewards small improvements made across millions of customer interactions. A smoother account opening process or faster lending decision can make a meaningful difference when repeated at scale.

Foolish takeaway

The major banks are often grouped together, but I think NAB’s business banking position gives it a distinct route to growth.

Its customers can require a wide range of financial services as their businesses develop, creating opportunities for deeper relationships and greater revenue over time.

At $39.30, investors are receiving a forecast yield above 4% while paying a valuation that I find reasonable for the quality of the franchise.

NAB still needs to manage credit quality, competition, and its technology overhaul carefully. Even so, I think the balance between income, valuation, and long-term opportunity makes the shares a buy.

The post Why NAB’s business banking edge makes it a buy at $39.30 appeared first on The Motley Fool Australia.

More reading

• By July 2027, NAB shares could turn $10,000 into…
• If I invest $10,000 in Westpac shares, how much passive income will I receive in 2027?
• How much do I need in my superannuation to earn an annual $60,000 passive income?
• 3 ASX dividend shares I’d buy for passive income right now
• What are experts tipping for the big four bank shares in the back half of 2026?

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 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 Meeka Metals Ltd (ASX: MEK) share price is in focus after the company reported June 2026 quarter gold production of 6,424 ounces, a slight improvement on the previous quarter but below expectations. Mine operating cash flow came in at $6.4 million, while cash at quarter end stood at $38 million.

What did Meeka Metals report?

• Gold production for the June quarter was 6,424oz (March quarter: 6,083oz)
• Gold sales for the quarter totalled 6,242oz at an average price of $6,213/oz
• Full-year FY26 gold production reached 56,400oz
• Mine operating cash flow was $6.4m; net mine cash outflow of $11.1m after $17.5m in growth capital
• Closing ore stockpiles increased to 25,414oz (806kt @ 1.0g/t Au)
• Cash balance decreased to $38m as at 30 June 2026

What else do investors need to know?

The quarter saw the first contribution of higher-grade underground stope ore to the mill blend, with underground ore expected to make up 40% of the blend in the September quarter. Open pit mining continued to be affected by lower-than-expected contractor productivity, delaying access to high-grade open pit ore.

As a result, Meeka Metals plans to end open pit mining in July 2026, preserving a significant in-ground open pit resource. The company invested $17.5 million in non-recurring growth projects this quarter, including underground development at Andy Well, equipment, and expansion of site infrastructure.

What did Meeka Metals management say?

Managing Director Tim Davidson said:

It was another frustrating quarter from a production perspective and while the result fell short of expectations, the drivers are well understood and the corrective path is clear. Production is expected to improve in the September 2026 quarter as the operation transitions away from its reliance on open pit ore. Higher-grade underground production is ramping up and will make up an increasing proportion of the mill blend, lifting both head grade and recovered ounces. Cash is expected to grow through the September 2026 quarter on the back of this stronger gold production, as the higher-margin underground material flows through to the bottom line. Development of our second underground mine at Turnberry, commencing in September 2026 will further increase the availability of higher-grade underground ore for the processing plant.

What’s next for Meeka Metals?

Meeka expects gold production and operating cash flow to increase in the September quarter, driven by a greater proportion of higher-margin underground ore in the mill feed. The company is set to begin portal development on the second underground mine at Turnberry in September 2026, further boosting access to higher-grade ore.

With the conclusion of open pit mining, management aims to reduce costs and focus on underground operations, positioning Meeka to benefit from improved grades and production stability.

Meeka Metals share price snapshot

Over the past 12 months, Meeka Metals shares have declined 34%, trailing the All Ordinaries Index (ASX: XAO), which is flat over the same period.

View Original Announcement

The post Meeka Metals June 2026 quarter: Production edges up, strong outlook with underground focus appeared first on The Motley Fool Australia.

More reading

• How many Cochlear shares do I need to buy for $10,000 of passive income?
• Why this top expert thinks Qantas shares can fly 20% higher
• Why NAB’s business banking edge makes it a buy at $39.30
• How much do I need in superannuation to receive $5000 per month in passive income?
• These ASX 200 stocks are tipped to rise up to 71% – Expert

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.

Having a target when you’re putting away money for superannuation is a great way to stay on track and have some peace of mind about what you can expect from your super when you retire.

Nothing is certain in the world of investing, but what is certain is that if you just leave it up to fate, you’re more likely to have a surprise on the downside.

Time to do the sums on your superannuation

So, how much money do you actually need? As much as possible is the obvious answer; however, most of us have to strike a balance between what we can put away for the future and what we need to fund our current lifestyle.

A good yardstick for how much is needed is the figure published by the Association of Superannuation Funds of Australia (ASFA), which says that, for a comfortable retirement, singles need $55,923 per year and couples need $78,566 per year.

These figures assume the retiree owns their own home and is therefore not paying rent or a mortgage.

Looking at these figures, a $5000 per month superannuation income stream places a single retiree squarely in the comfortable zone, with a little buffer to play with.

To hit the $5000 per month target in terms of investment returns, assuming no drawdown of capital, a retiree would need $857,142 in their super if they could achieve a dividend return of 7% per year, which I’d argue is doable.

If that return were to drop to 5%, the amount needed in super would rise to $1.2 million, while it would drop to $600,000 if a 10% return could be achieved.

So, how realistic is a 7% return?

First, you have to take into account that retirees get the benefit of franking credits, meaning they are reimbursed for the tax paid by companies they own shares in.

For example, Fortescue Ltd (ASX: FMG) is paying a trailing dividend of 6.46%. But when the franking credit is added back in, this rises to 9.23%.

While high dividends cannot be assured over the longer term, it is possible to focus on companies or funds that specifically aim to return dividends rather than grow capital.

One such is WAM Active Ltd (ASX: WAA), which recently announced a special dividend on top of its final dividend.

The fund said in a statement to the ASX that this would bring its fully-franked dividend yield to 8.6% and its grossed-up dividend yield to 12.3%.

There is also the S&P/ASX 200 Covered Call Complex ETF (ASX: AYLD), which uses a more complex strategy to deliver high yields, paying 9.64% over the past 12 months, albeit only franked at 15.3%.

Infrastructure companies, which tend to plan for the long term, can also be consistent dividend payers, with gas pipeline company APA Group (ASX: APA) paying 5.63% and Dalrymple Bay Infrastructure Ltd (ASX: DBI) paying 4.56%.

The post How much do I need in superannuation to receive $5000 per month in passive income? appeared first on The Motley Fool Australia.

More reading

• How I would turn $200,000 into an ASX retirement income portfolio
• How much do I need in my superannuation to earn $7k per month in passive income?
• How to build an ASX dividend portfolio that keeps paying you for decades
• How to make $50,000 of passive income from ASX shares like CBA
• How I would build an ASX portfolio with just 3 investments

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

After falling significantly over the last 12 months, there could be a rebound coming for S&P/ASX 200 Index (ASX: XJO) stocks Light & Wonder Inc (ASX: LNW) and HUB24 Ltd (ASX: HUB). 

Both have fallen by more than 20% over the last year; however, new analysis from Bell Potter suggests they could offer value right now. 

Here’s what the broker had to say. 

Light & Wonder a monster discount

Light & Wonder develops technology-based products and services, along with associated content.

In yesterday’s report, the team at Bell Potter highlighted that conditions may be favourable for the company over the next 12 months. 

The American Gaming Association reported an overall improvement in conditions for gaming operators and suppliers. Notably, 63% of the surveyed gaming executives expected growth in capital investment over the next 6-12 months, a substantial increase on prior surveys. Further, a net positive of 60% and 20% of Suppliers expected growth in replacement and expansion sales, respectively. Overall, these results leave us less concerned with operator capex spend in CY26.

The broker believes the ASX 200 stock offers compelling value at 9 times EV/EBIT(A), given its growth metrics.

Hub24 a compelling option 

Hub24 is a diversified financial services business. The company’s core platform segment develops and provides an administrative services platform to financial advisers, stockbrokers, accountants, and their clients.

Bell Potter provided fresh guidance on the company after it released quarterly results yesterday. 

As reported by The Motley Fool team, the company announced record net inflows of $18.9 billion in FY26, up 20% on the prior comparable period (pcp), and total funds under administration (FUA) hitting $164.3 billion, up 20% on pcp.

Overall, Bell Potter said HUB24 delivered a solid quarter, even though growth slowed a little.

The underlying business remains healthy, superannuation growth is improving, and Bell Potter still sees HUB24 as being on track for solid long-term growth.

Class is improving, with superannuation net inflows growing as a share, and boosting the result. The addition of retirement income streams (TAL) should support this trend and the result leaves FY27 target parts intact.

How much upside is there for these ASX 200 stocks?

In yesterday’s reports, the team at Bell Potter retained its buy recommendations for both ASX 200 stocks. 

The broker has a price target of $110 for Hub24 shares. 

This indicates an upside potential of just over 35% for the ASX 200 stock. 

Meanwhile, it has a price target of $190 on Light & Wonder shares. 

This indicates an upside of nearly 72% for the gaming company. 

The post These ASX 200 stocks are tipped to rise up to 71% – Expert appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to buy today
• 5 things to watch on the ASX 200 on Wednesday
• This ASX financial services company has just reported a 20% jump in funds under management
• HUB24 earnings: Record $18.9bn net inflows lift FUA
• 4 ASX share tips from 4 brokers, for returns better than 40%

Motley Fool contributor Aaron Bell 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 Hub24 and Light & Wonder Inc. The Motley Fool Australia has recommended Hub24 and Light & Wonder Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Brazilian Rare Earths Ltd (ASX: BRE) share price is in focus after announcing Alurion Resources’ IPO successfully raised $50 million, exceeding maximum subscription, with Brazilian Rare Earths retaining a 16% stake in the newly listed company.

What did Brazilian Rare Earths report?

• Alurion Resources IPO raised the maximum A$50 million, issuing 47,619,048 new shares at A$1.05 each
• Alurion’s implied equity value post-IPO is A$256 million
• Brazilian Rare Earths retains a strategic holding of 39 million Alurion shares, or roughly 16%, valued at A$41 million
• Alurion directors and management subscribed for over A$4.5 million worth of shares
• Admission to the ASX is expected on 30 July 2026, trading from 3 August 2026 under code ‘ALU’

What else do investors need to know?

Alurion’s strong IPO demand included priority access for eligible Brazilian Rare Earths shareholders, and capped the offer at its maximum subscription. This financial boost allows Alurion to pursue an expanded two-year development program at the Amargosa Bauxite-Gallium Project, funding activities like land procurement, environmental work, and exploration.

Following shareholder approval for the Demerger, Brazilian Rare Earths can now narrow its focus to advancing its core rare earth and critical minerals assets. The upcoming Monte Alto Scoping Study in August 2026 is cited as Brazilian Rare Earths’ next key milestone.

What did Brazilian Rare Earths management say?

Managing Director and CEO Bernardo da Veiga said:

Investor demand exceeding the A$50 million maximum, following 99.94% shareholder approval, highlights the strong market and shareholder support for the Alurion Resources demerger… For BRE, this successful outcome sharpens our own focus. We can now direct our full attention and capital toward advancing our important rare earth and critical mineral province, with the Monte Alto Scoping Study due in August 2026 standing as our next major catalyst.

What’s next for Brazilian Rare Earths?

With the Alurion IPO completed, Brazilian Rare Earths plans to concentrate on advancing its flagship Monte Alto project and the broader Brazilian rare earths province. The company now enjoys a stronger financial position and a strategic holding in Alurion, keeping exposure to the bauxite-gallium sector without funding dilution.

Investors can expect further operational updates from Brazilian Rare Earths as it progresses its project pipeline, with upcoming news anticipated from the Monte Alto Scoping Study.

Brazilian Rare Earths share price snapshot

Over the past 12 months, Brazilian Rare Earths shares have risen 38%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

View Original Announcement

The post Brazilian Rare Earths share price rises as Alurion IPO raises $50 million appeared first on The Motley Fool Australia.

More reading

• How many Cochlear shares do I need to buy for $10,000 of passive income?
• Why this top expert thinks Qantas shares can fly 20% higher
• Why NAB’s business banking edge makes it a buy at $39.30
• Meeka Metals June 2026 quarter: Production edges up, strong outlook with underground focus
• How much do I need in superannuation to receive $5000 per month in passive income?

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 Regal Partners Ltd (ASX: REG) share price is in focus today after the company reported preliminary 1H26 results, with normalised NPAT expected to double to at least $90 million and record net FUM inflows of over $1.3 billion for the half.

What did Regal Partners report?

• Normalised NPAT for 1H26 expected to be at least $90 million, up about 100% on 1H25
• Management fees for 1H26 anticipated at least $110 million
• Performance fees estimated to reach at least $115 million for 1H26
• Funds under management (FUM) grew 6% in the June quarter to approximately $21.4 billion
• Net FUM inflows hit a record $0.9 billion for the quarter, over $1.3 billion for the half

What else do investors need to know?

Regal Partners attributed strong performance fees to its PM Capital global strategy and robust flows across hedge funds, resources, and royalty strategies. The June quarter included the first close of the Taurus Mining Finance Fund III, raising around US$0.7 billion, contributing significantly to net inflows.

Partially offsetting these gains was the reduction in water entitlement assets under management, relating to the Commonwealth Government’s water buy-back program, which saw about $0.5 billion realised for institutional investors. Preliminary figures remain subject to final reviews and audit.

What’s next for Regal Partners?

The company will release its full 1H26 results on 24 August 2026 and remains focused on growing assets across its diverse investment strategies. Management flagged continued innovation in alternative investments and ongoing commitment to expanding Regal’s offering for institutional, family office, and private investors.

Investors can expect more details on outlook and strategy, as well as further updates on FUM and performance, at the official half-year results presentation.

Regal Partners share price snapshot

Over the past 12 months, Regal Partners shares have risen 7%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

View Original Announcement

The post Regal Partners: Profit doubles and FUM hits record high appeared first on The Motley Fool Australia.

More reading

• How much do I need in my superannuation to get $1000 per week in passive income?
• 3 companies to own for a dividend yield above 5%
• Could this be the best ASX dividend share to buy now?

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.

Telix Pharmaceuticals Ltd (ASX: TLX) shares received a nice boost yesterday after the company released Q2 2026 results.

Telix Pharmaceuticals is a pharmaceutical group specialising in the development and commercialisation of radio pharmaceuticals for the imaging and treatment of certain cancers.

What did the company report yesterday?

As The Motley Fool’s Bernd Struben reported, the company announced: 

• 21% year-on-year revenue boost to US$247 million (AU$353 million). 
• Second-quarter revenue rise of 7% from the prior quarter.
• The company’s Precision Medicine segment brought in US$202 million of that quarterly revenue, a 30% increase from Q2 2025 and up 9% from last quarter.

The company said it expects FY 2026 revenue and other income to be in excess of US$1 billion, with revenue tracking in line with the upper end of FY 2026 guidance of US$950 million to US$970 million.

Speaking on the results, Dr Christian Behrenbruch, Managing Director and Group CEO, said: 

We delivered another quarter of growth with U.S. dose volumes increasing 7% during the quarter, driven by growing demand for Gozellix and continued strength across our PSMA7 imaging portfolio. This performance underscores the strength of our differentiated two-product PSMA imaging strategy and reinforces Telix’s market leadership, built on clinical differentiation, supply chain resilience and commercial execution.

Following these results, Bell Potter released updated guidance on Telix shares. 

Solid growth 

Bell Potter’s report yesterday shows the broker sees the results largely as positive. 

Telix is growing faster than expected and appears to be gaining market share in PSMA imaging; it is confident enough to invest more in research and still expects strong underlying sales even without the one-off Regeneron payment.

Other than the half year result in August, the major upcoming catalyst is the FDA decision on approval of Pixclara for brain cancer imaging, due 11 September 2026. 

This pending approval represents a pivotal moment. Approval would likely generate a welcome re-rating. A second Complete Response Letter (CRL), depending on the nature of the contents, could be highly damaging as there are no other near to revenue pipeline products. 

In the clinic, we expect the FDA should clear the amended IND for TLX591 in the coming weeks, finally allowing recruitment of the Part 2 of this trial to commence recruitment in the US.

Healthy upside for Telix shares 

Based on this guidance, the team at Bell Potter has retained its buy recommendation for Telix shares. 

The broker has maintained its 12-month price target of $19. 

Based on yesterday’s closing price, this indicates upside potential of almost 26%. 

The post Are Telix shares a buy, hold or sell following results? appeared first on The Motley Fool Australia.

More reading

• Up 79% since February, why are Telix shares jumping higher again on Tuesday?
• Top 3 ASX healthcare stocks to watch
• Telix Pharmaceuticals: Q2 2026 revenue jumps 21%
• These are the 10 most shorted ASX shares
• Down 9%: Is the rebound over for Telix shares?

Motley Fool contributor Aaron Bell has positions in Telix Pharmaceuticals. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Telix Pharmaceuticals. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Cleanaway Waste Management Ltd (ASX: CWY) share price is in focus today as the company announced a CFO transition and reaffirmed its FY26 earnings outlook, with underlying EBIT expected around $470 million.

What did Cleanaway Waste Management report?

• Appointment of Nigel Simonsz as incoming Chief Financial Officer, starting 27 July 2026
• Current CFO Paul Binfield stepping down, supporting transition through H1 FY27
• FY26 underlying EBIT expected to be approximately $470 million (midpoint of prior guidance)
• FY26 full year results set for release on 20 August 2026

What else do investors need to know?

Nigel Simonsz brings broad financial leadership experience from listed companies such as United Petroleum, Sigma Healthcare, and Australian Agricultural Company. The appointment follows an internal and external search, with an emphasis on continuity during Cleanaway’s reporting and strategy cycle.

Outgoing CFO Paul Binfield has served over five years, during which he guided the company through strategic acquisitions and helped shape Cleanaway’s Blueprint 2030 strategy. The board acknowledged his contribution and commitment to a smooth leadership handover.

What’s next for Cleanaway Waste Management?

Cleanaway will continue its focus on delivering Blueprint 2030, which centres on long-term sustainable growth and capital discipline. The company plans a structured CFO transition, maintaining stability while progressing its growth and operational strategies.

Further details on full-year financial performance and forward outlook are expected at the FY26 results announcement in August.

Cleanaway Waste Management share price snapshot

Over the past 12 months, Cleanaway shares have declined 20%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

View Original Announcement

The post Cleanaway Waste Management appoints new CFO and reaffirms FY26 earnings guidance appeared first on The Motley Fool Australia.

More reading

• Are Telix shares a buy, hold or sell following results?
• 3 reasons CBA shares are a screaming buy right now
• 8 things Aussies at age 58 need to know about the Age Pension asset test before they retire
• Beach Energy posts steady Q4 production and a resilient outlook
• Getting started with ASX ETFs? These 3 might be worth a look

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.