Author: therawinformant

Once reliable S&P/ASX 200 Index (ASX: XJO) and All Ordinaries (ASX: XAO) dividend shares have come under fire, following uncertain earnings and challenging business conditions amidst the coronavirus pandemic. However, there are many dynamic businesses out there, surviving or even thriving in today’s unprecedented economic conditions.

Here are 3 ASX dividend shares that you could add to your income portfolio. 

1. Fortescue Metals Group Limited (ASX: FMG) 

Fortescue is positioned front and centre to benefit from the strong iron ore spot price and weak Australian dollar. This follows mounting supply concerns for Brazil, one of China’s biggest sources of iron ore. Brazil’s confirmed coronavirus cases have soared to more than 300,000, second only to the US. 

From a demand perspective, Chinese steel mills have been ramping up production since April. Exhausting iron ore inventories will place further pressure on the iron ore spot price. While the Fortescue share price might be near record all-time highs, the resilient iron ore spot price and China’s commodity intensive recovery should see this continue. Fortescue currently pays a whopping 7.19% dividend yield, which may make it one of the most desirable and resilient ASX dividend shares to watch out for. 

2. Money3 Corporation Limited (ASX: MNY) 

Money3 provides automotive finance for the purchase and maintenance of vehicles. It estimates that approximately one in every 500 vehicles in Australia have a current Money3 loan. One in every 800 vehicles in New Zealand have a current Go Car Finance loan (the New Zealand-based auto loan company Money3 acquired in 2019). 

In a recent conference presentation, the company provided unaudited financial results for YTD March 2020. It has so far seen a 44.4% increase in revenue and 43.6% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) compared to the prior corresponding period.

Despite the damage that COVID-19 has inflicted on the Australian economy, Money3 has seen minimal impact on cash collections. It believes that government stimulus will have a positive impact on customers’ ability to continue to make payments towards their loans. It confirmed that in its New Zealand market customers continued to seek loan pre-approval during lockdown, with digital signup and contactless delivery occurring.

The minimal impact that COVID-19 has had on Money3’s cash flows and the expected rebound in the vehicle market could make the company a very strong ASX dividend share to own. Money3 currently pays a market-leading dividend yield of 5.97%. 

3. People Infrastructure Ltd (ASX: PPE) 

People Infrastructure operates in the workforce management sector, providing support to 3 main industries: health and community services, information technology, and general staffing/specialist services. The company raised $17.6 million in April to provide additional balance sheet support for the period that the business impacted by COVID-19. The funds are also marked for potential future acquisition opportunities as a result of the current volatile economic situation. 

The company provided another update to the market in May. This highlighted an expected FY20 normalised EBITDA to be in the range of $24–25 million. This would represent an approximate 35% increase on FY19 figures. It also pointed to factors that may support or increase the company’s 2020 performance. This includes continued demand for staff services across its divisions, in particular, an increase in demand for staffing in its general staffing business, a recovery in its information technology and nursing businesses. With potential tailwinds in mind, PPE also pays a 2.91% dividend yield.

More reading

• 3 ASX 200 shares to watch this week
• Is the Woolworths share price cheap today?
• 5 ASX 200 winners and 3 losers from last week
• Why ASX iron ore miners may outperform this morning
• ASX 200 Weekly Wrap: Surging bank shares push ASX toward 6,000

Motley Fool contributor Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia has recommended People Infrastructure 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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ASX 200 shares enjoyed a bumper performance last week as the S&P/ASX 200 Index (ASX: XJO) jumped 4.71% higher. There’s growing optimism about the global economy in 2020 and investors have been pouring money into shares. 

Last week I was watching CSL Limited (ASX: CSL), A2 Milk Company Ltd (ASX: A2M) and Stockland Corporation Ltd (ASX: SGP).

It was a tough week for CSL shareholders as the biotech giant’s shares slumped 5.06% to $276.22. A2 Milk shares edged 0.85% higher last week while the Stockland share price surged 16.29% higher by Friday’s close.

After a big week for last week’s top picks, here are the 3 ASX 200 shares I’ll be keeping my eye on in the week ahead.

3 ASX 200 shares to watch this week

I think Bendigo and Adelaide Bank Ltd (ASX: BEN) shares are worth watching this week. The ASX 200 bank’s share price rocketed 10.41% last week after the company provided an update on COVID-19 impacts on Thursday. Bendigo reported a strong capital position, despite the pandemic, which looks to have boosted investors’ optimism. I think any share that rockets higher is worth watching to see if it continues to climb and outperform its peers or slump back to earth.

Flight Centre Travel Group Ltd (ASX: FLT) shares are also on my weekly watch list. The ASX 200 travel share rocketed 15.85% higher and could be climbing even further this week. Travel restrictions continue to ease which is good news for Flight Centre’s earnings. If the good news continues here in Australia, I think the Flight Centre share price could be heading higher in 2020.

Finally, the St Barbara Ltd (ASX: SBM) share price is one to watch this week. The Aussie gold miner’s shares fell 1.29% last week as many of its ASX 200 peers rocketed. Gold tends to underperform when investors are bullish which was the case last week. Despite some optimism about the current environment, however, I think there could be more volatility on the way. This could bode well for St Barbara and its gold mining compatriots.

More reading

• 3 top ASX dividend shares to buy now
• Is the Woolworths share price cheap today?
• 5 ASX 200 winners and 3 losers from last week
• Why ASX iron ore miners may outperform this morning
• ASX 200 Weekly Wrap: Surging bank shares push ASX toward 6,000

Ken Hall 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 A2 Milk. The Motley Fool Australia has recommended Flight Centre Travel 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 Woolworths Ltd (ASX: WOW) share price could be trading cheaply right now. Shares in the Aussie retailer are down 2.27% this year having hit a new 52-week high on 20 February. So, with all the volatility in the market right now, is the Aussie retailer in the buy zone?

Is the Woolworths share price cheap today?

I think there’s a lot to like about Woolworths right now. The group’s supermarket division is going strong as sales have surged in 2020. That continues to underpin a strong business model which is starting to look more strategically aligned by the year.

There is the ailing pubs business that is weighing on the Woolworths share price right now: ALH Group. ALH operates 323 licensed venues and over 537 retail liquor outlets across Australia. That encompasses restaurants, bistros and other establishments. However, the coronavirus pandemic has hit that business hard as restrictions have led to temporary closures.

However, restrictions are starting to ease and things could be looking up for Woolworths and its share price. I think it’s fair that Woolworths’ value has dropped in 2020 as the economic environment has changed. However, I think $35.34 may be a little low for a company that has traded as high as $43.96 per share in mid-February.

But Woolworths is trading roughly on par with the Coles Group Ltd (ASX: COL) share price in 2020. That indicates to me that its supermarket performance is being valued similarly to its peers. If we compare conglomerate to conglomerate, the Wesfarmers Ltd (ASX: WES) share price is down 2.49% this year. 

If we assume the market is correctly pricing in the current economy, then the Woolworths share price is trading in line with its peers. I think if restrictions continue to ease and Woolworths’ pubs business bounces back quickly, that could make the current $35.34 valuation look cheap.

Foolish takeaway

The Woolworths share price has been on a rollercoaster in 2020. I think the company could be undervalued right now but only if restrictions continue to beat expectations. I’m not willing to speculate at the current price given it’s trading roughly in line with its closest peers.

More reading

• 3 top ASX dividend shares to buy now
• 3 ASX 200 shares to watch this week
• 5 ASX 200 winners and 3 losers from last week
• Why ASX iron ore miners may outperform this morning
• ASX 200 Weekly Wrap: Surging bank shares push ASX toward 6,000

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of COLESGROUP DEF SET, Wesfarmers Limited, and 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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In morning trade on Monday the Qantas Airways Limited (ASX: QAN) share price has hit a bit of turbulence.

At the time of writing the airline operator’s shares are down almost 2% to $3.92.

Why is the Qantas share price dropping lower?

This morning the Australian Competition and Consumer Commission (ACCC) announced that it is continuing to investigate the airline’s acquisition of a 19.9% stake in Alliance Aviation Services Ltd (ASX: AQZ).

The competition watchdog notes that Qantas acquired the stake last year, becoming Alliance’s single biggest shareholder.

This led to the ACCC issuing a statement of issues, which set out its competition concerns with the minority stake.

In response to queries by various stakeholders, this morning the ACCC provided the market with an update on its investigation.

ACCC Chair Rod Sims commented: “Qantas’ decision to complete the acquisition of the 19.9 per cent stake in Alliance without first seeking ACCC clearance means this is an enforcement investigation rather than a standard merger review.”

“The Australian aviation industry remains highly concentrated and it is crucial that competition provided by smaller airlines is maintained long-term,” he added.

As such, the competition watchdog is looking very closely at Qantas’ shareholding.

Mr Sims explained: “The ACCC has been closely scrutinising the effects of the acquisition of this shareholding by Qantas. Acquiring a strategic stake in a close competitor in such a concentrated market raises clear competition concerns.”

What now?

The ACCC’s investigation will now focus on the competitive dynamics between Qantas and Alliance. It will examine whether the stake affects Alliance’s ability to raise funds, consider takeovers, or participate in commercial ventures.

It will also look to see whether Qantas is attempting to exert influence on Alliance’s decision-making or operations.

“We will consider enforcement action if there is evidence that the Qantas shareholding is compromising Alliance’s ability to be a strong competitor to Qantas, now and in the future,” Mr Sims added.

The ACCC also revealed that it isn’t keen on Qantas increasing its stake further, as it has suggested it plans to do.

 “Our current view is that any further increase in Qantas’ stake in Alliance is very likely to raise significant competition concerns under the Competition and Consumer Act,” Mr Sims concluded.

More reading

• Why ASX 200 travel shares are soaring higher today
• ASX 200 rallies hard, no longer in bear territory
• The ASX 200 just hit an 11-week high. Here are 3 reasons we might be in overvalued territory
• The one sector that could experience a V-shape COVID-19 recovery
• Could low oil prices and domestic flights make the Qantas share price a buy?

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 ASX is a great place to invest to boost your income with very reliable dividend shares.

Not every ASX share with a high dividend yield is going to be a very reliable dividend share to buy.

In my opinion, a quality dividend share is one that is able to maintain, and hopefully increase, the dividend every year including through economic issues. The coronavirus is a unique, horrible situation. Many dividend shares have cut their dividends like National Australia Bank Ltd (ASX: NAB) and Sydney Airport Holdings Pty Ltd (ASX: SYD).

Here are three very reliable dividend shares to buy for income:

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) 

I think that Soul Patts is the best option on the ASX for dividends.

It’s an investment conglomerate that’s invested in a variety of businesses in different industries such as TPG Telecom Ltd (ASX: TPM), Brickworks Limited (ASX: BKW), Australian Pharmaceutical Industries Ltd (ASX: API) and Clover Corporation Limited (ASX: CLV).

It has been going for over a century and is steadily increasing its diversification in its investments. Its latest forays include retirement living and perhaps data centres.

Soul Patts is a very reliable dividend share. It has grown its dividend every year since 2000. It has also paid a dividend every in its listing in the early 1900s. Soul Patts currently offers a grossed-up dividend yield of 4.5%.

APA Group (ASX: APA) 

APA is my favourite infrastructure dividend idea. Sydney Airport and Transurban Group (ASX: TCL) are more popular but I think APA is more defensive.

It owns a vast network of 15,000km of natural gas pipelines around Australia with a presence in every mainland state and the Northern Territory. It also owns or has interests in gas storage facilities, gas-fired power stations and renewable energy generation (wind and solar farms). APA owns, or manages and operates, a portfolio of assets worth more than $21 billion and delivers half the nation’s natural gas usage.

I think APA Group is a very reliable dividend share. The energy giant funds its distribution from its annual cashflow. It continues to invest in new opportunities, which will hopefully increase future cashflow and therefore fund even higher distributions.

APA has grown its distribution every year for a decade and a half. It currently offers a distribution yield of 4.3%.

Rural Funds Group (ASX: RFF)

Rural Funds is a real estate investment trust (REIT) which owns a variety of farm types including cattle, cotton, almonds, macadamias and vineyards.

All of its farms have rental indexation built into the contracts. Those increases are linked to either a fixed 2.5% increase, or CPI inflation, plus market reviews. This is a large reason why management think the distribution can keep growing by 4% per annum.

Currently the REIT is also investing in productivity improvements at its farms. This boosts the rental potential and value of the farm.

I think Rural Funds is a very reliable dividend share. It has increased its distribution each year since it started paying one several years ago. It currently offers a FY21 distribution yield of 5.6%.

Foolish takeaway

In my opinion, each of these income ideas are very reliable dividend shares. That’s why I already Rural Funds and Soul Patts in my portfolio. APA is a great option too, I just don’t think it looks as cheap as Soul Patts.

More reading

• Got $50,000 to invest for income? Pick these 5 ASX dividend shares
• Beat low interest rates with these ASX dividend shares
• How to make $1,000 a month in dividends
• 3 top ASX dividend shares to buy this June
• What would $50,000 invested in the ASX 200 a decade ago be worth today?

Motley Fool contributor Tristan Harrison owns shares of RURALFUNDS STAPLED and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of Transurban Group. 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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It has been a difficult time for the Australian retail industry and, ultimately, ASX retail shares over the past few months.

The closure of retail stores has hit bricks and mortar retailers hard with store foot traffic coming to an almost grinding halt.

Many people have temporarily lost their jobs due to the coronavirus lockdown restrictions. This has dramatically reduced consumer confidence, leading to a further slow in sales.

However, consumers are now beginning to feel a bit more optimistic, as lockdown restrictions begin to ease.

Retail stores are now opening and this has breathed more enthusiasm into the Australian retail industry. This has led to strong recent share price gains for ASX retail giants after many were heavily sold off.

Here are 3 ASX retail shares that have seen strong share price growth over the past two weeks.

Accent Group Ltd (ASX: AX1)

Accent Group is the footwear group behind store brands such as Hype DC and Platypus.

It has an impressive share price rise of 25.5% over the past two weeks.

The Group had previously announced plans to progressively reopen all its stores by early May.

Although it has suffered a significant loss of trade due to store closures during the pandemic, its online sales have surged.

In fact, online sales soared by nearly 350% during the last two weeks of April. Also, during April, stores were progressively opened to enable a click and collect service for customers, further boosting sales.

With lockdown restrictions now easing, and instore foot traffic looking to pick up soon, this could provide a further boost to sales in the months ahead.

I believe that this is a significant reason why investors have been buying Accent Group’s retail shares in recent weeks.

Baby Bunting Group Ltd (ASX: BBN)

The Baby Bunting share price has surged around 29.3% over the past two weeks, driven in a large way by a very positive business update on 19 May.

All its stores were able to remain open during the harsh coronavirus pandemic restrictions as its products are seen to provide an essential community service. Therefore, physical store sales were not hit as badly as many of the discretionary retailers.

Like the Accent Group, online sales have been a recent winner for Baby Bunting.

The company revealed that online sales for the period between 30 December 2019 and 17 May 2020, surged by a massive 66%.

Kogan.com Ltd (ASX: KGN)

As purely an online retailer, Kogan hasn’t had to deal with the issues faced by bricks and mortar retailers during the coronavirus crisis.

In fact, Kogan has seen a recent surge in online sales. Sales grew by more than 100% during the months of April.

Profits were even more impressive during April, with gross profit growing by more than 150%.

Consumers have been gravitating towards the online channel during the lockdown. This trend has helped to drive its retail share price higher over the past few months.

More reading

• 5 ASX 200 winners and 3 losers from last week
• 4 strong ASX mid cap shares to buy with $4,000
• 10 top ASX growth shares to buy in June for strong returns
• Why Afterpay, Austal, Kogan, & Northern Star shares are charging higher
• 10 quality ASX shares to buy in June

Motley Fool contributor Phil Harpur owns shares of Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended Accent Group. 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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Over the past week, the S&P/ASX 200 Index (ASX: XJO) rose 4.7%, making it one of the best weeks of the calendar year so far. There were several double-digit ASX 200 winners last week.

The market was led early in the week by optimism about the loosening of pandemic restrictions. ASX travel and tourism shares led early in the week. The major ASX bank shares led throughout the week with some minor profit-taking on Friday.

This is against a backdrop of continuing international tensions and warnings that Western Australia is headed into a recession. Unrest in Hong Kong likely worked to weigh the market down towards the end of the week.

5 ASX 200 winners

Overall, the market started to price in a return to normalcy across several sectors. While still fragile, I believe this trend is likely to continue over the coming weeks. Albeit with a few minor stumbles along the way.

Mid-cap ASX bank share Virgin Money UK (ASX: VUK) was one of the largest ASX 200 winners last week. The company’s share price rose by 20.73% across the week from Monday’s open, carried upwards by the rally in ASX banking shares across the board. Of the banking majors, the Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price rose the most at 16.17%. 

The Austal Limited (ASX: ASB) share price rose by 19.29% over the week. The shipbuilder announced on Friday that it was increasing its full-year earnings guidance. Austal is still trading below its 10-year average price-to-earnings ratio.

The Kogan.com Ltd (ASX: KGN) share price rose by 15.42% this week. Across the month of May, the Kogan share price shot up by an impressive 40.55%. On 15 May, the company announced it had purchased furniture outlet Matt Blatt. 

Finally, the Flight Centre Travel Group Ltd (ASX: FLT) share price rose by 13.74% over the course of the week. Over May, the company’s share price has jumped by 19.02%.

ASX decliners

Unlike the ASX 200 winners, large scale decliners were not common. The market appeared to decline generally across Thursday and Friday in response to global tensions. 

One of the few ASX shares to decline by double figures was Freedom Foods Group Ltd (ASX: FNP). The company’s share price fell by 11.64% from Monday’s open, predominantly on Friday. This was in response to an announcement of falls across its revenue channels during the COVID-19 lockdown.

Saracen Mineral Holdings Limited (ASX: SAR) fell by 7.43% over the week, likely due to profit-taking in the gold mining sector. Falls in the AUD gold price have been due to the rising Australian dollar. The US gold price remains at near record-high levels. 

Healthcare giant and the ASX’s reigning largest company, CSL Limited (ASX: CSL), saw its share price fall by 6.74% from Monday’s opening price. With a very well-received presentation on future strategic direction, the company slumped on profit-taking on Thursday and Friday.

More reading

• 3 top ASX dividend shares to buy now
• 3 ASX 200 shares to watch this week
• Is the Woolworths share price cheap today?
• Why these ASX retail shares surged over 25% in the past 2 weeks
• Why ASX iron ore miners may outperform this morning

Daryl Mather owns shares of Austal Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Austal Limited and CSL Ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Freedom Foods 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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Our market is likely to drop this morning but there’s one group of ASX stocks that are poised to buck the downtrend.

The futures market is predicting a 0.4% fall in the S&P/ASX 200 Index (Index:^AXJO) as unbridled  violence in the US, geopolitical tensions with China and the ongoing COVID-19 pandemic takes the wind out of our sails.

The thin silver lining to the global coronavirus outbreak is that it’s pushed the iron ore price to over US$100 a tonne on the weekend.

Can bulls fly?

This might be enough to see the BHP Group Ltd (ASX: BHP) share price, Rio Tinto Limited (ASX: RIO) share price and Fortescue Metals Group Limited (ASX: FMG) share price jumping higher when the market opens.

I say “might” because there are doubts that the commodity bull run may be very short lived and that prices could start correcting as soon as next month. I wonder what is the reverse analogy of a “dead cat bounce”? Maybe “bulls growing wings”?

But the uncertain outlook hasn’t stopped the iron ore benchmark from jumping to US$101.05, according to Bloomberg.

Why iron ore miners may outperform still

Our biggest iron ore rival, Brazil, is quickly becoming the epicentre of the COVID-19 crisis as it recorded another surge in new infections.

This is anticipated to cause major disruption to ore exports from that country with Vale SA downgrading its full year shipment forecast for the commodity in April.

At the same time, China’s industries are reopening as the country overcomes the pandemic. This is driving up demand for the steel-making ingredient.

Chinese stimulus

Chinese leaders have also announced a 3.6 trillion yuan ($760 billion) stimulus package to help pull its economy out of the coronavirus rut.

While the package was smaller than what the market was hoping for, it will still bolster infrastructure construction – a key driver for iron ore demand.

The Chinese government said expenditure on investment projects will rise by 22.4 billion yuan this calendar year to 600 billion yuan.

Is a market correction looming?

However, this isn’t enough to stop some experts from predicting a downturn in the iron ore price in the second half of 2020 after it hit its highest level since August last year.

Bloomberg Intelligence expects a 34-million-ton surplus in the second half on higher supply and stagnating demand, compared to a 25-million-ton deficit in the first half.

Other experts like Credit Suisse have also warned that we are currently in “peak tightness” and that rising output from Brazil and Australia will ease the shortage in July or August.

Foolish takeaway

On the other hand, it’s hard to predict what impact the COVID-19 fallout will have on Brazil over the coming weeks or months.

There’s also the belief that China will inject another round (or three) of stimulus if its economy starts to sputter – whether from the pandemic, the trade war with the US, or both.

More reading

• ASX 200 Weekly Wrap: Surging bank shares push ASX toward 6,000
• 5 things to watch on the ASX 200 on Monday
• ASX investors brace to ride the next wave of “irrational exuberance”
• These were the best performing ASX 200 shares in May
• Buy these quality ASX dividend shares next week

Motley Fool contributor Brendon Lau owns shares of BHP Billiton Limited and Rio Tinto Ltd. 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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