Author: therawinformant

There are a lot of great dividend shares an investor could buy now for a good price. Many have been selling at low prices since the 23 March market rout. Furthermore, others have seen their share prices fall in the past week. Yet, there has been no fundamental change to any of these companies. In fact, some of them are in better shape now than they were at the start of the year. Following are 4 ASX shares I think currently represent great dividend buys to hold for the long term.

Fortescue Metals Group Limited (ASX: FMG) 

I believe the current Fortescue share price is definitely a great opportunity to buy now. The iron ore miner saw its share price fall by 6.8% last week for no apparent reason. At this price, it is selling at a price-to-earnings (P/E) ratio of 7.8 and has a trailing 12 month dividend yield of 10.74%. I think this is an absolute steal. 

Fortescue is pressing ahead with the development of two high grade iron ore mines due to come in over the next 18 to 24 months. The iron ore market is struggling to keep up with Chinese demand and re-entry of Brazilian miner, Vale, or any new iron ore mines in Africa, should not dent demand for Fortescue ore. 

Centuria Office REIT (ASX: COF)

The Centuria Capital Group (ASX: CNI) manages a number of great real estate investment trusts (REITs). Nevertheless, I think the Centuria Office REIT is the best one to buy now. This is Australia’s largest pure-play office REIT. During FY20, in the middle of the pandemic, the company managed to increase funds from operation by 39.5%, while maintaining an occupancy rate of 98.1%.

Commercial office real estate is protected by a relatively long weighted average lease expiry (WALE). For example, Centuria Office REIT has a WALE of 4.7 years. In addition, many of this REIT’s tenants are government departments. The REIT is selling at a P/E of 12.6 and pays a trailing 12 month dividend yield of 8.44%. Another company I think is an absolute bargain.

2 investment companies to buy now

With a market capitalisation of $1.5 billion, WAM Capital Limited (ASX: WAM) has a deserved reputation as one of the country’s leading capital managers. During FY20, the company still outperformed the All Ordinaries Index (ASX: XAO) by 4.4% whilst delivering a full year loss of $47 million due to cratering in investment values in a very volatile market.

WAM Capital executed a rapid sell off in less liquid small caps during the COVID-19 crash. Nonetheless, it later returned to take advantage of mispricing opportunities with companies like Temple & Webster Group Ltd (ASX: TPW), City Chic Collective Ltd (ASX: CCX), and Fisher & Paykel Healthcare Corp Ltd (ASX: FPH). It is currently expanding its value via a takeover.

If you you were planning to buy now, WAM Capital has a trailing 12 month dividend yield of 7.24% after declaring full year dividends of 15.5 cents. I believe the repositioning of the portfolio, in reaction to the pandemic, places the company in a great position to benefit from the move to online shopping. 

Pendal Group Ltd (ASX: PDL) is another investment company on the ASX, though not strictly a listed investment company (LIC). With a large array of managed funds, the company delivered a 21% reduction in statutory net profit after tax of $54.8 million. I think this is an exemplary result given the volatility caused by COVID-19.  

At the time of writing, Pendal Group has a P/E of 12.08, which I consider to be a good ratio, and a trailing 12 month dividend of 7.4%. 

More reading

• Why I like Saracen (ASX:SAR) and these ASX mining shares today
• Iron ore slumps: Does this make the BHP (ASX:BHP) share price and other miners a buy? 
• Buy Fortescue and this ASX dividend share for a source of income
• ASX 200 drops 1.2%, Mineral Resources (ASX:MIN) fell 9%
• Why City Chic, Fortescue, Nearmap, & Zip shares are dropping lower today

Daryl Mather owns shares of Coffey International Limited and Fortescue Metals Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking to add some growth shares to your portfolio this week, then I would suggest you consider the ones listed below.

I believe these growth shares have the potential to provide strong returns for investors over the next decade. Here’s why I would buy them:

Aristocrat Leisure Limited (ASX: ALL)

It has been a difficult year for this gaming technology company because of the pandemic. With most casinos closing during the height of the crisis, demand for its poker machines fell off a cliff. Thankfully, the company’s Digital business offset some of this decline after closures and lockdowns sent more gamblers online. The good news is that most casinos around the globe are now open again. I expect this to lead to a resurgence in demand for its machines in 2021 and for its earnings growth to accelerate again.

ELMO Software Ltd (ASX: ELO)

One of my favourite growth shares at the smaller end of the market is ELMO. It is a cloud-based human resources and payroll software company providing businesses with a unified platform to streamline a range of processes. These include employee administration, recruitment, training, and payroll. Demand for its offering has been growing strongly in recent years, even during the pandemic. Pleasingly, this looks set to continue in FY 2021, with management forecasting further strong organic growth. This growth should be boosted by earnings accretive acquisitions in the near future. ELMO finished FY 2020 with a cash balance of approximately $140 million.

IDP Education Ltd (ASX: IEL)

IDP Education is a leading provider of international student placement services and English language testing services. Despite the pandemic bringing parts of its business to a halt this year, it was still able to deliver strong profit growth in FY 2020. While FY 2021 will be tough and trading conditions are likely to remain subdued until the crisis passes, I believe its market position is strengthening and expect IDP Education to come out the other side as a stronger business. Looking further ahead, I believe it is well-placed for long term growth thanks to its sizeable market opportunity and growing software business.

More reading

• These exciting small cap ASX shares could be stars of the future
• 5 quality ASX shares to buy in September
• Can IDP Education bounce back stronger after COVID-19?
• Top brokers name 3 ASX shares to buy next week
• Could these exciting small cap tech shares be the next Afterpay (ASX:APT) and Altium (ASX:ALU)?

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Elmo Software. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Idp Education Pty Ltd. The Motley Fool Australia has recommended Elmo Software. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Harvey Norman Holdings Limited (ASX: HVN) share price is surging higher on Monday after the release of a sales and profit update.

At the time of writing, the retail giant’s shares are up a sizeable 4% to $4.53.

What did Harvey Norman announce?

Harvey Norman’s trading update reveals that business has continued to boom in FY 2021 for its international businesses and Harvey Norman, Domayne, and Joyce Mayne businesses in Australia.

According to the release, comparable aggregated sales for the period 1 July 2020 to 17 September are up a massive 30.3% compared to the prior corresponding period.

Pleasingly, the good news doesn’t stop there. Harvey Norman is currently benefiting from higher margins, leading to its earnings growing at an even quicker rate over the period.

Management advised that unaudited preliminary accounts for the period 1 July 2020 to 31 August 2020 indicate a profit before tax of $178.1 million. This is an increase of 185.8% on its profit before tax of $62.3 million during the same period last year.

This profit before tax excludes the net impact of AASB 16 Leases and net property revaluation adjustments.

How are its Melbourne stores performing?

Harvey Norman also provided the market with commentary on how its stores in Melbourne have been performing following stage four lockdowns.

It explained: “Franchised complexes in greater Melbourne, Victoria were closed to the public from 6th August 2020 to date as a direct result of the Stage 4 Restrictions mandated by the State Government of Victoria.”

And while its “franchisees quickly moved to service their customers via Click & Collect and contactless deliveries”, this wasn’t enough to stop the sales turnover of its affected franchisees from being “adversely affected by these mandated closures.”

Given the disruption that these stores have faced, Harvey Norman’s overall sales and profit growth early in FY 2021 is arguably even more impressive than it first appears.

More reading

• 3 ASX shares with high-flying dividend yields
• Can the Harvey Norman (ASX:HVN) share price push higher in 2021?
• Top ASX dividend shares to buy in September 2020
• Why a recession shouldn’t matter for the ASX share market
• Some ASX winners and losers from a high Aussie dollar

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Tesla Inc (NASDAQ: TSLA) share price has been one of the great gravity defying shares of 2020. Tesla is at the vanguard of electric cars, which is impressive enough, but also in the field of power transmission and distribution. Accordingly, there is an incoming wave of predominantly lithium batteries designed to be used for multiple purposes. These require materials produced by some ASX shares. 

Building batteries is not going to be possible without a steady, high quality supply of the necessary materials. Lithium battery production will need the continuous supply of mining companies operating at scale. Companies like the many ASX shares producing these materials. 

Tesla needs ASX shares

In a a conference by BenchMark Mineral Intelligence in Perth in 2018, BenchMark Managing Director, Mr Simon Moores, said that by 2028, “…the the giga-factories being built by Elon Musk’s Tesla would need 840,000 tonnes per year of lithium, 193,000 tonnes per year of cobalt, 1.1 million tonnes per year of graphite anode, and 480,000 tonnes of nickel chemical.”

Nonferrous metals and minerals featuring highly in lithium-ion batteries are lithium, cobalt, nickel, manganese, graphite, copper and aluminium. The first four are used in cathodes, although lithium is also used in electrolyte. The last three are used in the anode. In particular, graphite wrapped in an alloy of copper or aluminium.

Cathode materials

A range of ASX shares produce lithium. For example, companies like Galaxy Resources Limited (ASX: GXY), Orocobre Limited (ASX: ORE) and Pilbara Minerals Ltd (ASX: PLS). Orocobre is building an industrial chemicals and minerals business in Argentina through the construction and operation of lithium brine, potash and boron projects. It has also built a lithium processing facility in the north of Argentina.

South32 Ltd (ASX: S32) is a leading miner of manganese. Moreover, in FY20 the company produced 854,000 wet metric tonnes of manganese ore in the June quarter. South32 has a 60% interest in its Australian manganese operations. These are the Groote Eylandt Mining Company Operation (GEMCO) and the Tasmanian Electro Metallurgical Company Operation (TEMCO).

Anode materials

Ecograf Ltd (ASX: EGR)  has two bases of operation. First, in Tanzania it is developing the Epanko Graphite Project. This is a long life, highly profitable graphite project. The forecast for this plant is 60,000 tonnes per year of graphite products. Second, the company is developing a processing plant in Kwinana, Western Australia. This will aim to produce spherical graphite using a new eco-friendly process to sell directly to lithium-ion battery manufacturers. The plant will draw both from recycled battery materials as well as graphite flak products from the Americas, Asia and Australia. 

More reading

• EcoGraf (ASX:EGR) shares up 72% in a week
• These are the 10 most shorted ASX shares
• Why the Pilbara Minerals (ASX:PLS) share price is up 12% from Wednesday
• Why Galaxy (ASX:GXY) and these ASX shares just hit new highs
• Leading fund managers name Tesla (NASDAQ: TSLA) and these shares as buys

Daryl Mather has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Tesla. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Openpay Group Ltd (ASX: OPY) share price is on the move on Monday after the release of a business update.

At the time of writing the buy now pay later provider’s shares are up 1.5% to $3.03.

Why is the Openpay share price pushing higher?

Investors have been buying the shares of the Afterpay Ltd (ASX: APT) rival after it provided an update on its performance in August.

According to the release, Openpay delivered record growth across a number of leading indicators during the month.

Openpay’s active plans increased by a record 237% compared to the prior corresponding period to 986,000. This was underpinned by a 40% increase in active merchants and a record 147% increase in active customers to 359,000. Among its new merchants was sports and footwear giant JD Sports Australia.

Combined, this led to Openpay recording total transaction value (TTV) of $22.7 million in August, up 88% on the prior corresponding period. Also growing strongly was its revenue, albeit from a very small base. Openpay’s monthly revenue grew 63% to $2 million.

Another positive was that the company’s net bad debts as a percentage of TTV remained stable in August. They came in at 1.53% during the month.

Strong surge in demand.

Openpay’s CEO, Michael Eidel, commented: “Openpay has continued its robust start to FY21 with strong growth across leading indicators again in August, despite ongoing macroeconomic uncertainty and continued stage 4 restrictions in Victoria. […] As consumers continued to seek better ways to structure purchases across their lifestyle needs, we again saw a strong surge in new customers and plans during August.”

Mr Eidel also appeared to comment on the arrival of PayPal in the buy now pay later market.

He said: “We have seen strong competitive dynamics in major retail and consumer markets around the globe over the last few months. Openpay welcomes new competition as it demonstrates the global potential of BNPL as a preferred new payment option.”

“Building on our strongly differentiated approach, there continues to be significant growth potential for Openpay, with our flexible payment plans, our focus on specialised verticals, and our finance savvy customer demographic. In FY20, we saw very strong usage of Active Plans by Active Customers in our ‘sweet spot’ of longer-term and higher-value plans: 3- to 5-month plans contributed 54% of TTV and 6+ month plans 37% of TTV. Only 9% of TTV has come from our 2-month plans in the highly competitive area of plans with up to two months duration,” he added.

Woolworths deal starts.

Openpay’s performance could be a given a boost this month following the commencement of its deal with Woolworths Group Ltd (ASX: WOW).

Woolworths is exclusively offering Openpay’s SaaS solution across its payments and digital platform, as part of its Woolworths at Work solution.

Openpay for Business will be accessible to trade and business customers including not-for-profit organisations, charities, government agencies, schools, and businesses.

The company believes this platform will enable these organisations to gain operational efficiencies by making purchasing simpler and easier. It notes that it will allow them to focus on their core business activities, whilst allowing Woolworths at Work to deliver consumables and essential products.

More reading

• ASX 200 Weekly Wrap: ASX 200 snaps 4 week losing streak… just
• Is the Openpay (ASX:OPY) share price a bargain?
• BNPL shares like Afterpay (ASX:APT) and Zip (ASX:Z1P) are soaring today. Here’s why
• Are higher P/E ratios really here to stay?
• 2 top notch ASX shares for beginners

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO. The Motley Fool Australia owns shares of Woolworths Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Magellan Financial Group Ltd (ASX: MFG) share price is dropping lower today following the release of an announcement.

At the time of writing, the fund manager’s shares are down slightly to $56.79.

What did Magellan announce?

This morning Magellan announced that it has become a foundation investor in Barrenjoey Capital Partners.

Barrenjoey is a newly established Australian-based full-service financial services company. It will provide corporate and strategic advisory, equity and debt capital market underwritings, cash equities, research, prime brokerage, and traditional fixed income services to Australian and international clients.

The financial services company will be led by a team of experienced executives. This includes Guy Fowler as Executive Chairman and the former Challenger Ltd (ASX: CGF) leader, Brian Benari, as Chief Executive. They will be supported by John Cincotta, Matt Hanning, and Chris Williams as founding partners.

The Chairman of BHP Group Ltd (ASX: BHP), Ken MacKenzie, is due to join in early 2021 as Barrenjoey’s Senior Strategy Partner. Mr MacKenzie will be available to provide strategic advice and senior counsel to CEOs, chairpersons, boards, executive teams and business owners in developing and executing their long-term strategies.

Former Telstra Corporation Ltd (ASX: TLS) executive, Cynthia Whelan, will join as a Senior Adviser.

Partnership model returns.

Magellan’s CEO, Brett Cairns, was very pleased to be a founding partner in Barrenjoey and sees a lot of potential in its offering.

He said “Magellan is delighted to be a founding partner of Barrenjoey. We believe the partnership model that leaves control, equity ownership and core decision making with the executives is proven and powerful.”

“This partnership model was adopted historically by many investment banks but unfortunately seems to have disappeared over the last 20 years. By offering true ownership and autonomy to staff, we believe that Barrenjoey will be able to attract the best and brightest talent in the country providing clients with the best possible service and outcomes,” he added.

What has Magellan invested?

Magellan has made an investment of both cash and scrip for a stake in Barrenjoey.

Its investment comprises the issue of approximately 1.2 million Magellan shares and $90 million of cash, to take a 40% economic ownership interest in Barrenjoey. Though, it will only have a 4.99% voting interest.

The fund manager is also providing Barrenjoey with a $50 million working capital facility to support the growth of the business.

Mr Cairns said “This investment represents a rare opportunity to generate attractive financial returns together with meaningful optionality and diversification prospects for Magellan and its stakeholders over the long term. I look forward to joining the Board of Barrenjoey.”

More reading

• Why the Telstra (ASX:TLS) share price looks cheap today
• ASX 200 Weekly Wrap: ASX 200 snaps 4 week losing streak… just
• Goldman Sachs names 4 reasons to buy Telstra shares
• Brokers name 3 ASX shares to buy right now
• Telstra (ASX:TLS) share price hits a 52-week low: Is this a buying opportunity for investors?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Challenger Limited and Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Insurance Australia Group Ltd (ASX: IAG) share price is edging lower today after making a major announcement.

At the time of writing the insurance company’s shares are down 0.2% to $4.52.

What did Insurance Australia Group announce?

This morning Insurance Australia Group announced that it has found a replacement for its retiring Managing Director and Chief Executive Officer, Peter Harmer.

According to the release, the insurance giant has appointed Nick Hawkins as its new Managing Director and Chief Executive Officer following a comprehensive internal and external search. Mr Hawkins will replace Mr Harmer in the role on 2 November.

This is likely to be a very smooth transition, given that Mr Hawkins has been the company’s deputy CEO since April this year. In that role he was accountable for the management and performance of day-to-day operations.

Prior to this appointment, Mr Hawkins spent 12 years as Insurance Australia Group’s Chief Financial Officer with responsibility for the overall financial risk profile of the company.

The company’s Chair, Ms Elizabeth Bryan, believes the appointment reflects the strength of its leadership team and expects it to support continuity and stability.

She commented: “Nick has a deep understanding of both global and domestic general insurance along with operational and financial experience, and this will ensure a smooth transition for IAG.”

The next phase of growth.

Insurance Australia Group’s new CEO appears up for the challenge of leading the company through its next phase of growth.

Mr Hawkins said: “I am excited to lead IAG during its next phase of growth and ensure the company emerges from the economic downturn as a strong, resilient organisation. Insurance plays a fundamental role in our society and I’m proud to work for and lead a company that is truly purpose-led and customer-focused.”

“Our purpose – to make your world a safer place – has never been more important than now as we continue to help our customers and communities recover from the devastating natural disasters of late 2019 and 2020, and the ongoing challenges resulting from climate change and the pandemic. I look forward to working with our people and our partners to continue to grow IAG and build on our work to meet the evolving needs of our customers and their communities,” Mr Hawkins added.

More reading

• Why AGL Energy (ASX:AGL) and these ASX shares just hit new lows
• Should you buy Telstra and these beaten down ASX shares?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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October will be yet another pivotal moment in 2020 for Australian investors. Victoria is likely to open up further, enabling more people to get closer to normal life. And some state borders will reopen.

On the business front, banks are likely to start renegotiating loans and calling in bad debts. In addition, several states have already extended the Government’s Commercial Tenancy Code of Conduct.

The result is a unique chance for investors to choose which ASX shares to buy for medium to long-term profits.

Retail companies

Premier Investments Limited (ASX: PMV) is a great retail share to buy. It is already starting to see revenues return after openings in most of Australia. With Victoria representing a large percentage of its annual sales, it is likely to see a fast recovery from its physical shops. The company achieved an increase in online sales by 50% in 2H20 against the previous corresponding period. This resulted in 25.5% of total sales for the half.  The company still expects its earnings before interest and taxes to be 9.7% – 11.7% when compared with 2H19.

Premier owns 100 of The Just Group, who’s brands include Smiggle, Just Jeans, Jay Jays, and Dotti. It also owns 28.06% of Breville Group Ltd (ASX: BRG) which is performing very well. 

Premier Investments is currently selling at a price to earnings ratio (P/E) of 25.61, with a trailing 12-month dividend yield of 3.75%.

Bank shares to buy

National Australia Bank Ltd. (ASX: NAB), like all banks, has carried much of the economic burden of the coronavirus. Primarily this has been due to demands from banking regulator, APRA. The treasurer has indicated that temporary insolvency and bankruptcy protections will be extended a further three months to December 31. Nevertheless, banks are already contacting more than 450,000 borrowers to see if they can restart payments, or if they require further assistance. 

All care has been taken by banks and government to ensure that borrowers impacted by COVID-19 are not tipped into insolvency early. Nonetheless, they will be moving to normalise financing terms. Those unable to restart payments may be offered restructuring, such as interest-only loans. But, if borrowers are judged as unable to repay, there may be a need for  “tailored assistance”, according to the Australia Banking Association.

National Australia Bank is currently trading at a P/E of 15.52 with a trailing 12-month dividend yield of 6.5%. This is a solid ASX share to buy at a good price. 

Entertainment shares

Right now, South Australia is talking about opening borders with NSW. In addition Victoria appears to be moving faster than anybody thought it would. The likelihood of further border opening is high, and already there is a 50km bubble around the NSW/Victorian border. 

One of the companies able to take advantage of this is Ingenia Communities Group (ASX: INA). It develops, operates and sells residential housing in retirement, lifestyle and holiday communities. Despite the pandemic, the company still managed to increase earnings per share (EPS) by 5%, and increased operating cash flow by 13%. I think Ingenia is a great share to buy for short term gains as well as strong performance over the medium to long-term.

More reading

• ASX 200 Weekly Wrap: ASX 200 snaps 4 week losing streak… just
• 3 ASX 200 growth shares to buy right now
• 5 things to watch on the ASX 200 next week
• Negative rates may be coming to a big four ASX bank near you
• ASX 200 down 0.1%: Tech shares push higher, AMP (ASX:AMP) sinks lower

Motley Fool contributor Daryl Mather has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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