Author: therawinformant

Whether you’re retired or still working, shares that produce dividend yields are a great way to generate a regular income stream.

Here we look at 3 ASX dividend shares to potentially buy this month: Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), Carsales.Com Ltd (ASX: CAR) and Bapcor Ltd (ASX: BAP). All 3 are high quality ASX 200 companies that pay strong and regular fully franked dividends.

Soul Patts

Soul Patts is an investment conglomerate that invests in a wide range of industries, from pharmacies and telecommunications to building products and mining. It has a solid long-term track record of outperforming the ASX index. The company is also a strong and consistent dividend-paying share. It currently pays a fully franked forward dividend yield of 3.01%.

Soul Patts has been listed on the ASX for over a century, and it has managed to pay a dividend every year in that time, and has increased that dividend every year since 2000.

The Soul Patts share price is currently well below pre-COVID-19 levels, making it a good buying opportunity right now, in my mind.

Carsales

Carsales has been the undisputed king of the local online automotive classifieds market in Australia for over 1o years. During that time, its share price has risen from $4.89 to now be trading at $18.78 at the time of writing. That’s an increase of over 280%. On top of that, Carsales pays a very attractive fully franked dividend. The company’s forward dividend yield is currently 2.46%. 

I believe that Carsales is well positioned for more strong growth over the next decade. This growth will be driven in particular from its expanding overseas operations, which includes South Korea and Brazil. Growth will also come from a strong entrenched local position, driven by a growing local population.

Bapcor

Bapcor has evolved to become the leading second-hand auto parts distributor in Australia and New Zealand. Beyond these markets, expansion into the Thailand will hopefully provide Bapcor with a launching pad to make inroads into the wider Asian market.

Bapcor recently revealed that the impact of the  pandemic has been less severe than it had originally predicted. In particular, Bapcor’s retail and Burson Trade businesses in Australia have experienced strong recent demand.

The Bapcor share price is still down from the level it was at before the pandemic began. This in my mind, offers investors a reasonably good buying opportunity right now. Bapcor currently offers a fully franked forward dividend yield of 2.85%.

Foolish Takeaway

Soul Patts, Carsales are Bapcor are 3 high quality ASX dividend shares that all pay a handy fully franked  dividend. All 3 companies have strong market positions in their respective industries, and all are in my buy zone right now.

More reading

• Why Afterpay, Bapcor, NRW, & Super Retail shares are climbing higher today
• 3 top ASX dividend shares for income investors in August
• A dirt-cheap ASX dividend share to add to your portfolio today
• These 2 cheap Warren Buffett shares could be top picks right now
• Why you should buy into this booming ASX retail sector today

Motley Fool contributor Phil Harpur owns shares of carsales.com Limited. The Motley Fool Australia owns shares of and has recommended Bapcor and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended carsales.com 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 2020 coronavirus pandemic has brought a lot of sudden and sharp changes to the way we used to live our lives. Many of these changes, such as social distancing, will probably turn out to be mostly temporary, once the pandemic passes into history. But many other trends, such as more of us working from home and using the internet to do our shopping will probably be here to stay. One of the most profound trends we have seen is the move away from cash payments towards electronic, ‘cashless’ payment methods.

According to reporting from the ABC, cash now makes up less than 25% of the total proportion of payments in the economy, down from nearly 40% just 4 years ago.

No wonder shares of companies providing cashless payment solutions are among some of the biggest winners over the past few months. That’s got to be why Afterpay Ltd (ASX: APT) is up more than 670% since 23 March. Or why Pushpay Holdings Ltd (ASX: PPH) is up nearly 150% and Zip Co Ltd (ASX: Z1P) up nearly 390%. It’s a similar story with United States payments shares like PayPal, Visa, Mastercard and Square.

Cash is as good as dead, right?

The death of cash? Not so fast

According to separate reporting in the Australian Financial Review (AFR), the reports of the death of cash might be greatly exaggerated. According to the AFR, the levels of cash in circulation is actually on the rise across many advanced economies. Apparently, there are 8% more banknotes in circulation across the US today than there were in 2019. It’s a similar situation in Europe. In fact, the AFR states that “of the largest economies, only China has begun to see an absolute decline in the ratio of physical currency to GDP.”

The ABC report backs this up, noting that in Australia, the proportion of $50 and $100 notes in circulation has ballooned since the 1980s. The report tells us that there was around $10 billion worth of $50 notes in circulation across the Australian economy in the year 2000. Today, in ‘cashless’ 2020, the number is close to $80 billion. It also notes that there are still around 500,000 bank accounts in Australia that are not tied to a debit card, instead linked to cash-only passbook accounts.

My conclusion? Cash isn’t going anywhere anytime soon.

Foolish takeaway

I certainly think cash will continue to decline as a major form of day-to-day payments. But I’m not betting the house that cash will be going extinct anytime soon. So by all means, invest in ASX payments shares that facilitate cashless payments. But don’t count on the death of cash just yet.

More reading

• Why Afterpay, Bapcor, NRW, & Super Retail shares are climbing higher today
• Want to start investing? Here’s how
• Is the Fortescue share price too expensive?
• 3 top ASX shares to buy for growth investors in August
• Why these ASX mid cap shares could smash the market over the next 5 years

Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX and ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended PUSHPAY FPO NZX. 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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On Wednesday I penned an article warning you not to get caught up in the gold fever sweeping through global investment markets. 

Rather than invest in historically volatile gold shares, I recommended you consider adding some healthy dividend shares to your portfolio. As a long-term investor, you’ll almost certainly find better value there over time, in my opinion.

There are a good number of quality income shares listed on the All Ordinaries (INDEXASX: XAO). Many have reduced or suspended their most recent dividend payments due to the economic fallout from COVID-19. But that’s a short-term issue. Once the economy regains traction, and it will, the dividends should flow again.

I specifically pointed to Collins Foods Ltd (ASX: CKF) as a yield stock you might want to look into further. In trading today, the Collins Foods share price is $9.53 per share. That’s right around where it was mid-day Wednesday.

But that’s fine. Unless you’re day trading — in which case, I hope you have a good supply of antacids — you shouldn’t get overly caught up in the daily price swings. Instead, look for quality shares with a track record of regular and growing dividend payments. And consider adding to your holdings when the share price falls for non-company specific reasons.

Some eye-popping gains fuelling FOMO

With that said, the fear of missing out (FOMO) can be a powerful driver.

When your friends are talking about the 80% gains they’ve made from Aussie gold miner Silver Lake Resources Limited (ASX: SLR) since the start of 2020, it’s easy to take your eyes off your 20 to 30 year investment horizon and want a ‘piece of the action’.

And Silver Lake isn’t alone. Saracen Mineral Holdings Limited (ASX: SAR) has seen its share price rocket 78% year-to-date. And the Evolution Mining Ltd (ASX: EVN) share price is up 58%.

Ironically, the same virus that’s dragging on many companies’ share prices is helping fuel gold’s rise, and supporting the companies that dig it up. In times of uncertainty, investors historically flock to haven assets like gold. And the insecurities thrown up by the coronavirus have seen the yellow metal reach record highs in US dollars. It’s currently worth US$1965 per troy ounce at the time of writing.

Which brings me to an important point…

We don’t use the greenback in Australia

Gold is right near its record highs in US dollars. But we don’t get paid in US dollars here in Oz. And we can’t spend them.

The US looks set for a period of inflation, while the Australian Bureau of Statistics just reported the Consumer Price Index (CPI) fell 1.9% in the June 2020 quarter. Australia’s annual inflation rate fell to -0.3% (or +0.3% deflation) for the year through the end of June

This is clearly visible in the exchange rate between the 2 currencies. On 20 March, 1 Aussie dollar only fetched 57 US cents. Today it’s worth 72 US cents.

You can see the same trend playing out in the gold price. Year-to-date, the gold price in US dollars is up 29.2% while in Aussie dollars it’s up a more subdued 25.8%. Still a big gain, but something to keep in mind when you hear the gold price quoted.

Should you buy ASX gold shares?

If you want to take a punt on a specific gold miner, best of luck. As we saw above, some miners have returned fantastic gains so far this year. Just don’t invest more than you can afford to lose.

If you’re looking for exposure to a wide range of gold shares with a single investment, you may want to look into the ASX-listed VanEck Gold Miners ETF (ASX: GDX).

The VanEck Gold Miners ETF holds a basket of diversified companies involved in the gold mining sector. Management costs run 0.53% per year.

According to the company website, the fund “provides exposure to publicly traded companies worldwide involved primarily in gold mining, representing a diversified blend of small-, mid- and large-capitalisation stocks.”

As at 30 June, the fund’s top 3 country weightings are 54% to Canada, 18% to the US, with Australia coming in at number 3 with 15% weighting.

Year to date, the VanEck Gold Miners ETF share price has gained 38.8%.

More reading

• Telstra and 2 more ASX shares I’d like to buy with $5,000
• 5 things to watch on the ASX 200 on Friday
• 5 things to watch on the ASX 200 on Thursday
• Is it too late to buy ASX gold shares like St Barbara?
• Musgrave Minerals share price climbs 7% on ‘bonanza’ drill results

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Collins Foods 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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Australia’s top brokers have been busy adjusting their estimates and recommendations again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX 200 shares are in the buy zone:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

According to a note out of Morgans, its analysts have retained their add rating and $21.00 price target on this banking giant’s shares. The broker has been looking at the big four bank’s dividends after APRA eased restrictions to allow them to pay out up to 50% of earnings to shareholders. As a result, the broker has pencilled in the declaration of a 25 cents per share deferred interim dividend next month by ANZ with its third quarter update. In light of this and its attractive valuation, Morgans remains positive on the investment opportunity with ANZ’s shares. I agree with the broker and would be a buyer right now.

CSL Limited (ASX: CSL)

Analysts at UBS have retained their buy rating and $331.00 price target on this biotherapeutics company’s shares. According to the note, the broker believes that demand for CSL’s flu vaccines in the northern hemisphere flu season will be strong because of the coronavirus pandemic. It feels this could underpin a strong performance for its Seqirus business in FY 2021. This could potentially offset any weakness from plasma collections. I agree with UBS and feel the recent weakness in the CSL share price is a buying opportunity for investors.

Macquarie Group Ltd (ASX: MQG)

Another note out of Morgans reveals that its analysts have retained their add rating and lifted the price target on this investment bank’s shares to $133.40. The broker was reasonably pleased with Macquarie’s first quarter update and notes that its key Banking and Financial Service business continues to perform strongly. In addition to this, it notes that the bank is very well-positioned to take advantage of opportunities that develop because of COVID-19 disruptions. I think Morgans makes some great points and Macquarie shares could be worth considering.

More reading

• ASX 200 sinks 1.5%: AMP disappoints, big four tumble, Super Retail surprises
• What’s dragging the CBA, Westpac and AMP share prices lower today?
• Telstra and 2 more ASX shares I’d like to buy with $5,000
• A top ‘coronavirus share’ to buy this August
• Why I would buy ANZ and this ASX share for dividends

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 CSL Ltd. The Motley Fool Australia owns shares of and has recommended Macquarie Group 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 Phoslock Environmental Technologies Ltd (ASX: PET) share price has fallen by more than 20% today, at the time of writing. The company released a business update after trading on Thursday, which has been badly received in the market. Phoslock sells a range of products for water management. Among them is its patented technology to clear polluted waterways of algal blooms.

What moved the Phoslock share price?

The company’s business update disclosed a number of issues likely to continue impacting it in FY21. On the one hand, the company has logistical difficulties executing awarded projects. On the other hand, it has very high receivables due to coronavirus impacts. Combined with the lower sales activity, this has resulted in a negative cash flow position for the period.

Operations

Unusually high rainfall during June and July has resulted in flooding and deterioration in water quality in several regions of China. This delayed projects underway at Shilongba, Xingyun Lake, Wuhan, Jiangsu, Zhejiang and Shanghai. In addition, the second wave of coronavirus in Beijing has caused problems due to travel restrictions. The company does, however, still have many ongoing projects that are continuing unaffected.

In Europe, authorities have suspended several projects to prioritise spending into more urgent public health issues. Projects progressing to plan are in the Netherlands, Belgium, Denmark and Italy. 

The company’s projects in Brazil are continuing as planned, despite the challenging situation that has arisen from the pandemic. Phoslock expects Brazil to achieve forecast by financial year end. Moreover, all current projects are continuing in North America.

All of these operational issues are continuing to weigh heavily on the Phoslock share price.

Management commentary

Managing Director and CEO, Lachlan McKinnon said “The first half of 2020 has been a challenging period for the business. Events outside the control of the Company have resulted in project delays, lower than anticipated revenues and a working capital and cash flow that is currently weaker than expected.

It is important to stress however, that we have had no project cancellations and all of our announced contracts are expected to be fulfilled in due course.”

Company performance

The Company’s pipeline remains strong with a current high confidence contract value of $380 million. Phoslock’s balance sheet also remains strong, with $35 million in cash, $15 million in receivables and no debt at the end of the period. The company has also recently received an indicative term sheet for short-term working capital debt facilities with HSBC. The Phoslock share price has fallen by 20.37% today, at the time of writing. 

More reading

• 3 unloved ASX growth shares that could make you rich
• Phoslock share price rockets 30% yesterday
• ASX stock of the day: Phoslock share price surges 21% on business update

Motley Fool contributor Daryl Mather 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 Qantas Airways Limited (ASX: QAN) share price has fallen nearly 35% since 10 June. With no end in sight to the coronavirus pandemic, it appears turbulence has well and truly set in. Here we look at what is continuing to drive the Qantas share price lower.

Flights severely impacted

Yesterday, as reported by News.com.au, the International Air Transport Association (IATA) predicted that international travel will not return to pre-COVID-19 levels until 2024. This is one year later than originally forecast by IATA and is obviously bad news for Qantas.

Additionally, in Qantas’ 2019 Annual Report, the company reported that its international segment contributed $285 million to its underlying earnings before interest and tax (EBIT). Underlying EBIT from all segments was $1.487 billion. As a result, the significant reduction in international travel is material to the financial results of Qantas. 

Similarly, its domestic segment contributed $740 million to EBIT. Due to continuing restrictions on travel within Australia, the company’s domestic segment has also been significantly impacted by the pandemic.

Qantas loyalty

The Qantas loyalty program is one segment that delivered positive EBIT growth in its 2019 Annual Report. As a result, $374 million EBIT was reported in FY 2019 compared to $345 million in FY 2018. This is represented by an 8.4% increase.

In addition, Afterpay Ltd (ASX: APT) recently announced a partnership with Qantas. This involves giving boosted Qantas Frequent Flyer points to customers when they use the buy now, pay later platform.

ACCC announcement

On 30 July 2020, in recognition of the difficult period being experienced by airlines, the ACCC proposed to continue to allow airlines to cooperate on regional routes. 

Deputy Chair of the ACCC, Mick Keogh, said “The ACCC recognises that airlines are still facing significant challenges, including exceptionally low demand, due to the ongoing impacts of the COVID-19 pandemic”.

The authorisation will extend until 30 June 2021. 

Share purchase plan

A share purchase plan (SPP) was announced to the market on 2 July 2020. The announcement followed the completion of a $1.36 billion institutional placement. Qantas is hoping to raise an additional $500 million before 5 August 2020 which is an extension to the original estimated closing date of 22 July 2020. 

Currently, at time of writing, the Qantas share price is trading at $3.23 which is 11.5% less than the $3.65 share purchase plan offer price. As a result, investors could be better off buying in the open market rather than participating in the plan, assuming the price is still trading at a discount to the SPP price next month. 

The purpose of the SPP is to support Qantas’ recovery plan, strengthen its balance sheet, improve financial flexibility, and position it to capitalise on opportunities in line with its strategy. 

Foolish takeaway

The continuing effects of the pandemic point to ongoing turbulence for the Qantas share price over the next year or two. Personally, I would avoid buying shares in Qantas in the short term as investing now appears to be a purely speculative play given all the uncertainties. I also feel the company’s capital raise only serves to reinforce the fact that Qantas is a company bleeding cash. 

More reading

• Why IOOF, IGO, Janus Henderson, & Qantas shares are dropping lower
• Is the oOh!Media share price set to run higher?
• How are 2019’s tech IPOs performing?
• Is the Qantas share price in the buy zone?
• 4 trends to invest in before August earnings season

Motley Fool contributor Matthew Donald has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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 OceanaGold Corp (ASX: OGC) share price is down 6.02% to $3.59 at the time of writing, after the company released its quarterly statement after market close yesterday afternoon.

What was in the announcement?

OceanaGold reported production of 139,385 ounces of gold in the first half of 2020. This was a 45% drop in production compared to the same period in 2019. The company reported that this was mainly due to a temporary suspension of operations at its Didipio mine. During the first half of 2020, OceanaGold had an all in sustaining cost of $1,237 on 153,343 ounces of gold sold. 

During the quarter ending June 2020, the company produced 58,678 ounces of gold. It sold 61,955 ounces of gold at an all in sustaining cost of $1,265 per ounce.

The company had revenue in the first half of 2020 of $234 million with earnings before interest, tax, depreciation and amortisation of $54.8 million.

OceanaGold reported that production guidance for 2020 would be lowered from 360,000–380,000 ounces of gold down to 340,000–360,000 ounces of gold. It attributed this to the 5-week coronavirus lockdown in New Zealand, which affected the company’s Macraes site. The lockdown was lifted on 27 April.

The company reported that guidance for all in sustaining costs on a gold sold basis for 2020 would be reduced from $1,075–$1,125 down to $1,050–$1,100 per ounce of gold.  

President and CEO of OceanaGold Michael Holmes commented on the result and the company’s plans for the rest of 2020, stating:

We look forward to the second half where we continue to expect a material increase in production at both Haile and Macraes at lower AISC plus continued advancement of our key organic growth projects including those recently outlined in the Waihi District Study.

The second quarter was expected to be our weakest in terms of production, but the results also demonstrate the impact the global COVID-19 pandemic has had on our business. We have worked hard to safeguard the health and safety of our employees through the implementation of rigorous protocols including health screening, physical distancing and disinfecting throughout our operations.

About the OceanaGold share price

OceanaGold in a multinational gold explorer and producer. The company has operations in the United States, New Zealand, and the Phillipines.

In July, the company revealed that it had completed a study for its Waihi district site. OceanaGold announced that the site had a net present value of US$931 million with a life of mine estimated to last until 2036 and beyond.

The OceanaGold share price is up 145.89% since its 52-week low of $1.46. It has returned 29.14% since the beginning of the year. The OceanaGold share price is down 13.29% since this time last year.

More reading

• UBS picks the best ASX gold miners to buy today
• Leading brokers name 3 ASX shares to buy today
• Why Domain, OceanaGold, Praemium, & TechnologyOne are tumbling lower

Motley Fool contributor Chris Chitty 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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Are you looking for some ASX share suggestions for your share portfolio?

I believe the following three companies are all excellent candidates. Here’s why all three are on my buy list right now.

3 quality ASX shares to buy right now

Ansell Limited (ASX: ANN)

Ansell develops and manufactures gloves and other personal protective equipment (PPE) in the industrial and medical markets. The sales of the company’s hand and body protection products in particular have surged during the coronavirus pandemic. This strong demand has assisted in pushing the company’s share price higher in recent months. The Ansell share price has risen more than 80% from $21.43 in late March to now be trading $38.72.

I believe that Ansell is well positioned for long-term growth driven by its strong competitive position, broad customer base and geographic diversity.

Nanosonics Ltd. (ASX: NAN)

Nanosonics manufactures and distributes disinfection system for ultrasound probes. Its core product is named the ‘trophon EPR’ disinfection system. It has achieved widespread industry recognition as the market leader in its particular niche.

Nanosonics has experienced strong revenue growth over the past few years. This revenue growth has also been reflected in a rising share price. From the beginning of 2019, the Nanosonics share price has risen more than 125% from $2.79 to now be trading at $6.28.

More recently, revenue growth for Nanosonics has continued to rise strongly, despite the challenges of the pandemic. Total revenue for the first half of FY20 amounted to $48.5 million. This was a healthy increase of 19% on the prior corresponding period (pcp).

I believe that Nanosonics’ long-term future looks bright due to the growing global demand for stricter disinfection control in hospitals.

Dicker Data Ltd (ASX: DDR)

Dicker Data is Australia’s largest value added distributor of hardware, software, cloud and other emerging technologies.

The company achieved another strong set of financial numbers for the six months ending 30 June 2020. Total half year revenue from ordinary activities was up by 18.1% to $1,006 million.

The Dicker Data share price has risen nearly 84% from a low of $4.10 on 23 March to currently be trading at $7.54.

Strong recent demand has been driven by a surge in the requirement for additional remote and virtual work solutions during the pandemic. 

Dicker also pays an attractive dividend yield of 4.04%, fully franked.

Foolish takeaway

Ansell, Nanosonics and Dicker Data are three ASX shares that I would be happy to own as part of my share portfolio. All three companies have strong market positions in their respective industries and strong growth prospects over the next three years.

More reading

• 3 underloved ASX healthcare shares with strong comeback potential
• Why I would buy Telstra and this ASX dividend share
• Nanosonics and 2 other ASX healthcare shares to buy
• Why PolyNovo and these ASX healthcare shares could be long term market beaters
• Does the second wave of COVID-19 make these ASX 200 healthcare shares a buy?

Phil Harpur owns shares of Nanosonics Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Nanosonics Limited. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia has recommended Ansell Ltd. and Nanosonics 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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