Category: Stock Market

Ask A Fund Manager

The Motley Fool chats with the best in the industry so that you can get an insight into how the professionals think. In this edition, Tribeca Investment Partners portfolio manager Simon Brown presents the three ASX shares he would buy right now.

Hottest ASX shares

The Motley Fool: What are the three best stock buys right now?

Simon Brown: Yeah, there’s a few names that we’ve been talking about recently. We’ve liked Champion Iron Ltd (ASX: CIA), which we felt is a green steel play. 

It’s had a little bit of press recently — we like the fact that the whole decarbonisation thematic is one that’s going to endure for a number of years. Green steel is a space that [isn’t] really talked about a great deal. There aren’t a huge amount of ways to play in that space. But steelmaking is a very carbon-intensive industry and, if we’re going to get to net zero, is going to need to be tackled. 

We feel like one way of doing that is by higher-grade iron ore and that’s what Champion has. It has 65% of its energy needs met by hydroelectric power, which we think is very good. It’s in its tier one jurisdiction in Canada. We think it’s very cheap, particularly given its trades in relation to some of the more mature and better-known iron ore players such as our Australian-based names in the Pilbara. We think it’s much faster growing than that. 

It has the environmental attributes that you want as we transition [to net zero] — there’ll be more demand for their product. 

You’ve got a play on the stimulation that’s going on in China with regards to infrastructure and property spend… [But] we like the stock on a fundamental basis, regardless of what China’s doing over the medium term. It’s obviously done well lately off the back of the headlines out of China.

MF: The Champion share price has rocketed almost 40% over the past month. That’s just because of those macro sentiments, is it?

SB: Yes, you’ve had the Chinese government come out with some measures to look to support the Chinese property market, which has been going through a very challenging period for 12, 18 months now. So they’ve released some measures to step in and support that sector. So it’s seen sentiment rebound and you’ve got infrastructure stimulus, which has been put in place to help guide the economy through their zero-COVID and lockdown period.

MF: It’s interesting to hear you talk about Champion Iron because we don’t hear very much about it. 

SB: No, it’s not particularly well covered by the market, despite being quite a large market cap. I think the market cap is over $3 billion.

MF: Yes, that’s right. What’s your second ASX share to buy?

SB: We really like PWR Holdings Ltd (ASX: PWH), which we’ve held for a long time, spoken about previously, and held since IPO. 

We really like the fact that this is an Australian-based company that developed a lot of IP in its area of advanced cooling solutions. They’ve displayed a really strong tendency to be able to leverage IP into new areas.

Historically they’ve had a very strong position in motorsport, from Formula One all the way down…, in terms of engine cooling technology. They’ve been able to take that now and go into aerospace and into the military side of things. That is fairly nascent at the moment but they do have a lot of potential customers they’re talking to and looking to provide solutions for. They’re proving capability to leverage this sort of IP and technology through the OEM [original equipment manufacturer] space.

They’ve got a reasonably strong aftermarket as well, which they’re looking to expand into more so in the US. They’ve got a reasonably strong business here in Australia for aftermarket sales but, obviously, a much larger US market there that they haven’t really started tapping yet. 

So it’s a growth company. It comes with those growth attributes in terms of premium valuations. Relative to some of the US stocks within the sectors it operates in, it does trade at a premium. But the return and margin metrics there we think fully justify the premium that it trades at to those other comparable names.

MF: The PWR share price has gone gangbusters in recent times, gaining 29% since the start of October.

And the last one?

SB: A more recent name that we’ve added to the portfolio has been NextDC Ltd (ASX: NXT). 

It’s a name that had fallen out of favour with the market and had a reasonably large pullback. [With] interest rates going up, cost of capital going up, and these long duration names within the tech space and seeing a reasonably large de-rate, that’s one that got caught up in that sell-off.

But we think it’s now down to a level below $10, where you can probably invest with more confidence, given that they have a relatively large installed base of capacity now. 

The cost of adding capacity in data centres has gone up quite materially. And these guys are invested well ahead of the curve and now have a fair bit of capacity able to be sold to their key clients at a [lower] cost base.

The market has been a bit impatient because they haven’t signed a great deal of new, large contracts recently, but we think that’s just the nature of the business. They can be quite lumpy with the large hyper-scale clients. That doesn’t mean that they haven’t been able to sign a lot of new clients in that government and corporate space. They don’t come with the same lengths or size of contracts, but they are quite lucrative. 

We expect these hyper scalers are going to need to come to market and sign deals for capacity and we expect at some stage NextDC to announce some of those. 

So we think [the share price]’s back to a level that’s reasonably good value, particularly in light of a lot of US names that have been historically taken private. We think the valuation stacks up pretty well against where some of those transactions have occurred.

MF: It’s a good industry to be in, isn’t it? Data centre demand is not something that’s going to wane anytime soon.

SB: No… There is potentially an element of data consumption that grew quite materially during lockdowns and during COVID. Even as you pull back to more normalised growth in data generation globally, there’s still a reasonably attractive level of growth and a good tailwind to have exposure to.

Read the first part of the interview with Tony here.

The post Buy these 3 ASX shares on the right side of global trends: fundie appeared first on The Motley Fool Australia.

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More reading

• These 3 ASX 200 dividend shares led the pack in November. Here’s why
• Growth is back: 3 ASX shares to buy now for a 2023 re-rate
• Here are the top 10 ASX 200 shares today
• These were the best performing ASX 200 shares in November
• Best of a bad bunch: The 3 best-performing ASX 200 tech shares in November

Motley Fool contributor Tony Yoo 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 Pwr. The Motley Fool Australia has positions in and has recommended Pwr. 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 Tuesday, the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red. The benchmark index fell 0.5% to 7,291.3 points.

Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

ASX 200 expected to fall again

The Australian share market looks set to fall again on Wednesday following another selloff on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 48 points or 0.65% lower this morning. In late trade on Wall Street, the Dow Jones is down 1.35%, the S&P 500 is down 1.8%, and the Nasdaq is down 2.3%.

Oil prices sink to 2022 low

It could be a tough day for energy producers Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) after oil prices sank overnight. According to Bloomberg, the WTI crude oil price is down 3.9% to US$73.96 a barrel and the Brent crude oil price has fallen 4.3% to US$79.14 a barrel. Oil prices hit their lowest levels since December 2021 on increasing economic uncertainty.

Beach downgraded

The Beach Energy share price could also come under pressure after being hit with a broker downgrade this morning. According to a note out of Morgans, its analysts have downgraded the energy producer’s shares to a hold rating with a $1.91 price target. It commented: “Despite the ongoing tight conditions in energy markets we feel that with the recent strong share price run and issues in WA that the stock is fairly priced.”

Gold price edges higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price edged higher overnight. According to CNBC, the spot gold price is up a fraction to US$1,782.2 an ounce. Investors appear to have been seeking safe haven options amid the market volatility.

Iron ore holds up

BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) could be relatively stable on Wednesday after the benchmark iron ore price creeped ever so slightly higher. The steel making ingredient is currently fetching US$109.70 a tonne. On Wall Street, BHP and Rio Tinto are trading flat.

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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More reading

• If I bought $10,000 Woodside shares at the start of the year, how much would they be worth now?
• What’s the outlook for the iron ore price in 2023?
• Here’s why the Beach Energy share price is diving 6% on Tuesday
• 5 popular ASX 200 stocks I’m avoiding, plus one that still looks dirt cheap
• Why Beach, Block, Magellan, and St Barbara shares are dropping

Motley Fool contributor James Mickleboro 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.

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Investors in Woodside Energy Group Ltd (ASX: WDS) shares have seen a significant return year to date.

The Woodside share price has risen 67.58% since the start of the year, closing Tuesday’s trade at $36.75.

So how much money would I have now if I had invested in this ASX energy share to kick off 2022?

What would this investment be worth?

Let’s imagine I had invested $10,000 in Woodside stock at $21.93 a share, its closing price on 31 December.

I would have received 455 Woodside shares with $21.85 left over.

At today’s closing price, my holding would be worth $16,721.25.

But wait, there’s more. Woodside also paid dividends this year. In fact, Woodside paid a dividend of US $1.09 (AU$1.60) per share in October. In addition, Woodside paid a dividend of US $1.05 (AU$1.46) in March.

My 455 Woodside shares would have, therefore, delivered me with a dividend payment of $1,392.80 during the year on top of my gains from the rising share price.

All up, including dividend payments, I would have made more than $8,100 before tax from my $10K investment in Woodside at the start of the year.

Looking at the bigger picture for Woodside, the company’s shares have experienced a few highs and lows but have not fallen below their 2021 closing price.

Woodside shares hit a yearly high of $39.16 on 7 November. On this day, my initial investment would have been worth $17,817.8 plus the $1,392.8 in dividend payment.

Overall, if I had invested $10,000 in Woodside at the start of this year, I would be very happy with my investment.

Woodside share price snapshot

Woodside shares have soared nearly 71% in the last year, but have fallen nearly 4% in the last month.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has gained 0.64% in the past year.

Woodside has a market capitalisation of about $69.8 billion based on the current share price.

The post If I bought $10,000 Woodside shares at the start of the year, how much would they be worth now? appeared first on The Motley Fool Australia.

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More reading

• 5 popular ASX 200 stocks I’m avoiding, plus one that still looks dirt cheap
• Leading brokers name 3 ASX shares to buy today
• Is the Woodside share price cheap following its recent dip?
• 5 things to watch on the ASX 200 on Monday
• What happened with the Woodside share price in November?

Motley Fool contributor Monica O’Shea 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.

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Some ASX dividend shares could pay strong enough dividend income that they could start building their investors a second income.

Certainly, there are more ways to benefit from owning shares than just capital growth. Dividends are also a great way to benefit from the profit growth that businesses are achieving in the form of attractive real cash returns.

Businesses that pay dividends or distributions quarterly can be a good source of regular income. Below are three examples I think could be good income contenders, spread across an investment of $5,000.

Charter Hall Long WALE REIT (ASX: CLW)

This is a real estate investment trust (REIT) that owns a diversified portfolio of properties across Australia including distribution centres, Bunnings Warehouse properties, service stations, telco exchanges, agri-logistics, offices for blue chip tenants, and so on.

What links all the properties is their tenants are signed on for long-term leases. This provides income security for the ASX dividend share. It has a weighted average lease expiry (WALE) of 12 years.

Around half of the leases are linked to CPI inflation, with the average forecast rent increase being 6.3%. The other half of the leases are fixed with an average increase of 3.1%.

After a 16% decline in the Charter Hall Long WALE REIT share price since the end of April, the guided distribution of 28 cents translates into a forecast distribution yield of 6.3%.

Rural Funds Group (ASX: RFF)

Rural Funds is a unique REIT in that its portfolio is farmland properties. They are spread across a number of sectors including almonds, macadamias, vineyards, cattle, and cropping (sugar and cotton).

The business aims to grow its distribution for investors by 4% per annum, which can compound nicely over the years.

I think farmland is a very useful asset because of how integral food is to humanity. Farms have been productive assets for centuries and I believe this will continue for many years to come.

Like Charter Hall Long WALE REIT, some of Rural Funds’ rental income is linked to inflation, while a large portion of the rest is a fixed 2.5% annual increase.

The business is also able to grow rental income by investing in productivity improvements at its farms. These can unlock more rental potential and improve the value of the farm. The company also makes the occasional acquisition.

The Rural Funds share price has dropped more than 20% since the beginning of 2022, so the guided distribution for FY23 amounts to a 5% yield from the ASX dividend share.

GQG Partners Inc (ASX: GQG)

I think that GQG is one of the most promising fund managers on the ASX. It offers a number of investment strategies including global shares, US shares, and dividend income. The fund manager is geographically expanding, which opens up more growth avenues.

A key investment focus for the GQG team is “forward-looking quality”. It aims to identify ongoing competitive advantages so that it can gain clarity on the durability of future earnings. It also looks to invest for at least five years.

During FY22, it was able to demonstrate that its investment strategies had outperformed their respective benchmarks over one, three, and five years.

Its funds under management (FUM) statistic continues to perform well, and the ASX dividend share is still experiencing solid FUM inflows. FUM at 31 October 2022 was US$83.8 billion, up from US$79.2 billion at the end of September.

The fund’s own investment team is among the largest investors in GQG shares, so they are very aligned with regular shareholders regarding its success.

GQG looks to pay out approximately 90% of the company’s quarterly distributable earnings as a dividend.

Commsec estimates suggest that GQG could pay an annual dividend of 11.6 cents per share in FY23. That translates into a forward dividend yield of 8.1% after a 20%-plus fall of the GQG share price since mid-January.

The post Here’s how I’d invest $5,000 in ASX dividend shares to earn a second income appeared first on The Motley Fool Australia.

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More reading

• Why I’m buying ASX shares in this once-in-a-lifetime market to try and retire early
• Experts name the ASX dividend shares for income investors to buy now
• These 2 ASX 200 shares could be a lifeline in a recession
• Experts name 2 ASX 200 dividend shares to buy
• Broker reveals 2 of the best under-the-radar ASX dividend shares to buy now

Motley Fool contributor Tristan Harrison has positions in Rural Funds Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Rural Funds Group. 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 S&P/ASX 200 Index (ASX: XJO) fell on Tuesday amid the Reserve Bank of Australia’s latest rate hike. The index closed the day 0.47% lower at 7,291.3 points.

The central bank put forward an eighth consecutive rate hike today in yet another bid to tackle inflation, which sat at 6.9% at last count. The benchmark interest rate is now 0.25% higher at 3.1%.

Weighing heaviest on the ASX today was the S&P/ASX 200 Information Technology Index (ASX: XIJ). It slumped 2%. That’s perhaps unsurprising given rate hikes are particularly hard on non-profitable companies – a brief many of the market’s favourite tech stocks fit.

The S&P/ASX 200 Energy Index (ASX: XEJ), meanwhile, lifted 0.1% despite falling oil prices.

The Brent crude oil price fell 3.4% to US$82.68 a barrel, while the US Nymex crude oil price dropped 3.8% to US$76.93 a barrel.

The S&P/ASX 200 Materials Index (ASX: XMJ) slipped 0.8% today, while the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) and the S&P/ASX 200 Utilities Index (ASX: XUJ) lifted 0.2% and 0.5% respectively.

All in all, four of the ASX 200’s 11 sectors closed higher today. But which stock took out today’s top spot? Keep reading to find out.

Top 10 ASX 200 shares countdown

Coal favourite Whitehaven Coal Ltd (ASX: WHC) led the way today, gaining 2.7%. That’s despite no news having been released by the company.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Whitehaven Coal Ltd (ASX: WHC)	$9.81	2.72%
Fletcher Building Limited (ASX: FBU)	$4.77	2.58%
Coronado Global Resources Inc (ASX: CRN)	$2	2.56%
Orica Ltd (ASX: ORI)	$14.92	2.33%
Nufarm Ltd (ASX: NUF)	$6.18	2.15%
New Hope Corporation Limited (ASX: NHC)	$5.77	2.12%
IPH Ltd (ASX: IPH)	$8.75	1.74%
Medibank Private Ltd (ASX: MPL)	$2.93	1.74%
A2 Milk Company Ltd (ASX: A2M)	$6.39	1.59%
Virgin Money UK CDA (ASX: VUK)	$3.23	1.57%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• 7% dividend yield! One ASX 200 share to buy in December and hold for 10 years
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Here’s why the Beach Energy share price is diving 6% on Tuesday
• Why Domino’s, New Hope, PolyNovo, and Telstra shares are pushing higher today
• What’s in store for the Woolworths share price in December?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Iph. The Motley Fool Australia has recommended A2 Milk and Iph. 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 iron ore price is currently US$109.50 per tonne after a 2.8% gain overnight. There has also been a 23.7% boost over the past month, according to Trading Economics data.

This has lifted the fortunes of many ASX mining shares, particularly the iron ore pure-play Fortescue Metals Group Limited (ASX: FMG).

The Fortescue share price is up 25.4% in a month — almost exactly the same increase as the iron ore price.

Other ASX iron ore shares are also up substantially over this period. The Rio Tinto Limited (ASX: RIO) share price is up 21% and the BHP Group Ltd (ASX: BHP) share price is up 16%.

Creating this new share price buoyancy is China finally easing restrictions under its COVID-zero policy.

This has meant some manufacturers have been able to resume work, thereby raising demand for iron ore.

Australian exports have increased this year but this is partly to do with Brazilian exports declining.

Brazil is our chief competitor in the global supply of iron ore. But the 2019 Vale mine disaster continues to impact the country’s production. That has meant more market share for Australia.

What happened to the iron ore price in 2022?

The iron ore price has fallen from a 2022 peak of about US$160 per tonne in March this year.

A big reason for this fall was China’s COVID-zero policy, which shut down many industries for lengthy periods during 2022. Lockdowns can obviously kill an economy pretty quickly.

Things are getting back to normal now as protests over continuing lockdowns put pressure on the Chinese Government to relax the rules.

But don’t expect the iron ore price to go flying much further. In the short term, ING commodities strategist Ewa Manthey expects iron ore prices to soften.

In a recent article, Manthey says:

There is more downside ahead for iron ore as there are fears that China’s strict zero-Covid policy is here to stay in the near term, despite the recent easing of Covid restrictions …

We believe the short-term outlook remains bearish with sluggish demand from China suggesting that prices should trend lower.

How much will the commodity be worth in 2023?

ING expects the iron ore 62% Fe price to slide to $US85 per tonne in the first quarter of 2023.

It expects a slight improvement to about US$90 per tonne throughout the second and third quarters. This is based on expectations that China will further ease its COVID-19 restrictions.

The iron ore price could rise to above US$95 per tonne in the final quarter of 2023.

Why is ING predicting a lower iron ore price next year?

There are a few factors on both the demand and supply sides of the equation that are likely to reduce the iron ore price in 2023.

On the supply side, the three biggest miners in Australia have built new mines in recent years and are now ramping up production.

The largest is BHP’s 80mtpa South Flank mine, which began operations in 2021.

There’s also Rio’s 43mtpa Gudai Darri mine, which commenced operations in June this year, and Fortescue’s 30mtpa Eliwana mine, which came online in 2020.

According to Manthey:

These new projects, along with some expansion projects, could add to the downside pressure on prices.

[Australian] exports are forecast to increase by 3.1% in 2022-23 to reach 903mt and rise by 3.8% to 937mt in 2023-24, according to Australian trade data (Department of Industry, Science and Resources).

Looking ahead, we should continue to see the ramping up of supply from new projects in Australia, along with Vale continuing to target an annual production capacity of 400mtpa.

On the demand side, Manthey says China may continue to cap crude steel output. Plus, it’s looking to replace older steel capacity with electric arc furnace capacity as part of its decarbonisation plans.

She says:

Growth in electric arc furnace (EAF) capacity at the expense of basic oxygen furnace (BOF) capacity will be a concern for the medium to long-term outlook for Chinese iron ore demand.

It also suggests that we have already seen China’s iron ore imports peak in 2020.

The post What’s the outlook for the iron ore price in 2023? appeared first on The Motley Fool Australia.

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More reading

• Fortescue share price dips despite green hydrogen milestone ‘worth celebrating’
• Up 20% in a month, can the BHP share price continue it’s run in December?
• I’d aim for a million by buying just a few ASX shares
• Up 30% in a month, is it time to cash in some chips on Fortescue shares?
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Bronwyn Allen has positions in BHP Group and Fortescue Metals Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Does a 7% dividend yield sound pretty good to you? How about one with full franking? That would help gross this 7% yield up to a whopping 10%. With savings accounts and term deposits offering (at best) yields of around 4% right now, I’m sure it sounds pretty good. So time to check out the ASX 200 share with this yield on the table today.

It is none other than JB Hi-Fi Ltd (ASX: JBH). Chances are you’d know JB. It’s one of the most dominant ASX 200 retailers in the country, selling everything from vinyl records, games and movies to TVs, fridges, and washing machines.

So is this 7%-yielder really an ASX share to buy this December and hold for 10 years? Can we even expect a 7% yield going forward?

Let’s dig in.

So yes, JB is offering a 7% fully franked dividend yield today. That figure comes from JB’s last two dividend payments. Those consisted of the interim dividend from March, worth $1.63 a share. And the September final dividend of $1.53 per share. The 2022 total of $3.16 in dividends per share is an all-time record for JB Hi-Fi.

But JB’s current 7% yield is also made possible by this share’s anaemic performance over 2022 thus far. Year to date, JB shares have lost 7.35% of their value, as you can see below:

That’s a fall worth around twice that of the broader S&P/ASX 200 Index (ASX: XJO). As any good dividend investor knows, a falling share price boosts a company’s trailing dividend yield.

So let’s dig a little deeper into this dividend. Over FY2022, JB Hi-Fi made $4.795 in earnings per share (EPS) over this financial year. The company paid out $2.70 of those earnings per share as dividends per share.

That gives JB a dividend payout ratio of 56.3%. That isn’t high at ASX standards (the major ASX banks regularly break 80%). But it isn’t particularly low either.

That means that for this dividend to be sustainable going forward, JB needs to keep its pedals to the metal.

All signs show that this is likely, at least in the next year or two.

Is ASX 200 retailer JB a long-term winner?

For FY2022, JB reported that its sales were up 3.5% to $9.2 billion. It also reported a 7.7% rise in net profit after tax (NPAT) to $545 million. The EPS of $4.795 was an 8.8% rise over FY21’s $4.41.

Back in FY18, JB only had sales worth $6.9 billion, NPAT of $233 million, and EPS of $2.03. So this is clearly a company that knows how to grow.

In October this year, JB gave investors a peek into its numbers for FY2023 so far. And they were impressive.

Between 1 July and 20 September 2022, the company reported that sales in its Australian stores were 14.6% higher than for the same quarter last year. For its New Zealand stores, it was 27.7% and for The Good Guys, 12.3%.

Now, there’s no guarantee JB will continue to grow at the same rate as it has done over the next decade. This is a company that will certainly feel the effects of a recession — if the next decade does bring one. But it certainly has a lot of runs on the board.

As such, I would feel very comfortable buying this ASX 200 retail share this December and holding it in my portfolio over the long term. That dividend would be fine company too.

The post 7% dividend yield! One ASX 200 share to buy in December and hold for 10 years appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Here’s why the Beach Energy share price is diving 6% on Tuesday
• What’s in store for the Woolworths share price in December?
• Is Core Lithium the hottest stock on the ASX 200 right now?
• The Sayona Mining share price went backwards in November. What now?

Motley Fool contributor Sebastian Bowen 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 recommended Jb Hi-Fi. 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’s been a disappointing Tuesday for the S&P/ASX 200 Index (ASX: XJO) so far this session. After reporting a nice gain yesterday, the ASX 200 has slipped today, with the index currently nursing a loss of 0.46%. That puts the ASX 200 at just over 7,290 points.

But let’s not dwell too long on those sobering numbers. It’s time now to take a look at the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Core Lithium Ltd (ASX: CXO)

As we went through this morning, ASX 200 lithium share Core Lithium is never far from the ASX 200’s most traded shares. So far today, a hefty 16.09 million Core Lithium shares have found their way to a new home. There’s been no fresh news out of Core itself that could explain this volume.

So what we are seeing is probably a consequence of what the company’s shares are doing. Core Lithium has taken a bit of a beating today, with its share price currently down 1% at $1.297. It fell more than 4% during intraday trading.

As my Fool colleague Monica covered this afternoon, most ASX lithium shares are being put in the firing line amid rumours coming out of the Chinese market that lithium demand could be cooling.

South32 Ltd (ASX: S32)

ASX 200 resources share South32 is the next stock worth taking a gander at. So far this Tuesday, a notable 16.33 million South32 shares have trekked to a new owner. We haven’t had any new developments out of this company either.

So again, it seems some share price action is to thank for the high volumes we are seeing. South32 shares have been a bit bouncy today. The company initially plunged down to $4.19 a share this morning, but recovered briefly by rising as high as $4.36 this afternoon.

However, the shares are presently trending lower again, and are going for $4.325 each at the time of writing.

Pilbar Minerals Ltd (ASX: PLS)

Another ASX 200 lithium stock in Pilbara Minerals is our final share of the day this Tuesday. At this point, a sizeable 26.42 million Pilbara shares have been bought and sold on the ASX today. Like South32, Pilbara’s shares have also been volatile.

The company has shuttled between $4.42 and $4.62 a share today with the share price currently just below the breakeven line at $4.605, down 0.11% for the day. This is the likely explanation for the elevated trading volumes on display.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Here’s why the Beach Energy share price is diving 6% on Tuesday
• Why are ASX 200 lithium shares taking a lashing today?
• What’s in store for the Woolworths share price in December?
• Is Core Lithium the hottest stock on the ASX 200 right now?
• The Sayona Mining share price went backwards in November. What now?

Motley Fool contributor Sebastian Bowen 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.

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Eagle-eyed market watchers have likely noticed the Bellevue Gold Ltd (ASX: BGL) share price’s sluggishness on Tuesday. The stock hasn’t gone anywhere today, and there’s a good reason why.

The S&P/ASX 300 Index (ASX: XKO) gold explorer entered a trading halt this morning as it undergoes a capital raise. It has also provided an update on its namesake project’s development.

The Bellevue Gold share price closed at $1.21 on Monday. And there it’s expected to stay until Thursday’s open.

Let’s take a closer look at what’s going on with the ASX gold stock today.

Bellevue stock halted amid capital raise

The Bellevue Gold share price is on ice today as the company undertakes a $60 million placement.

New shares in the gold developer are being offered for $1.05 apiece under the placement ­– a 13.2% discount to the stock’s previous close.

The company will also offer eligible shareholders the option to snap up new shares for the placement price under a $10 million share purchase plan (SPP). The SPP is expected to open next Wednesday.

The funds raised will go towards the Bellevue Gold Project’s underground development and additional exploration. It will also provide more financial flexibility during project construction and ramp-up.

Bellevue managing director Steve Parsons says “every aspect of the project is going to plan or better”, continuing:

Development rates, grade control drilling results, and exploration are all exceeding our expectations.

The success is providing us with an opportunity to unlock the value of the project sooner and to a greater extent than originally planned.

The project’s first production is targeted for the second half of 2023, with ramp-up expected two months later.

Construction activities are well advanced and mining development is ahead of schedule. Approvals and permitting remain on track, with the company expecting pre-commercial production costs to come in at around $219 million.

Bellevue share price snapshot

The Bellevue Gold share price has been on a run lately. It’s soared 53% over the last 30 days to sit 42% higher than it was at the start of 2022. It has also gained 53% since this time last year.

For comparison, the S&P/ASX All Ords Gold Index (ASX: XGD) has gained 16% in the last month. Though, it has fallen 9% year to date and 3% over the last 12 months.    

The post Why is the Bellevue Gold share price on ice today? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Here’s why the Beach Energy share price is diving 6% on Tuesday
• 5 popular ASX 200 stocks I’m avoiding, plus one that still looks dirt cheap
• ASX 200 slips as RBA lifts interest rates for the eighth month running
• Morgans names 2 more of the best ASX shares to buy in December

Motley Fool contributor Brooke Cooper 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.

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The Beach Energy Ltd (ASX: BPT) share price is in the red today.

Beach shares are currently down 4.49% at $1.81 a share, after recovering from a 6.59% fall earlier today. For perspective, the S&P/ASX 200 Index (ASX: XJO) is down 0.33% at the time of writing.

Let’s take a look at what is impacting the Beach Energy share price today.

What is going on?

Beach shares are falling more than other ASX oil and gas producers today. At present, Woodside Energy Group Ltd (ASX: WDS) is up 0.3% while Santos Ltd (ASX: STO) shares are down 1.29%.

Oil prices fell more than 3% overnight, as my Foolish colleague James reported this morning. However, WTI crude oil is now trading 0.9% higher at US$77.62 a barrel, while Brent Crude oil is also up 0.87% to US$83.40 a barrel, according to Bloomberg.

There has been some news impacting a key contractor for a Beach Energy gas project today. Clough Limited has been placed into voluntary administration with Deloitte as the administrator.

Clough is the engineering, procurement, and construction contractor for the Waitsia stage two project, a joint venture between Beach and Mitsui & Co Ltd, north of Perth.

Commenting on the news in a statement today, Beach said:

Beach and Mitsui E&P Australia (Mitsui), its joint venture partner and Waitsia operator, will work closely with the administrator, contractors, and stakeholders to ensure continued progress of the 250 TJ/day Waitsia Stage 2 gas plant.

Beach has been working with Mitsui in planning for various outcomes and will continue to work to deliver the best outcome for the project.

Meanwhile, Mitsui said it is too “early to speculate” on the impact on project. In a statement cited by Reuters, Mitsui said:

Given that an administrator has only just been appointed for Clough, it would be premature to speculate on the precise impacts for the Waitsia Gas Project Stage 2.

Share price snapshot

Beach Energy shares have soared nearly 53% in the past year, while they have gone up 42% in the year to date.

For perspective, the benchmark ASX 200 index has climbed 1% in a year.

Beach has a market capitalisation of more than $4 billion based on the current share price.

The post Here’s why the Beach Energy share price is diving 6% on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why Beach, Block, Magellan, and St Barbara shares are dropping
• What’s in store for the Woolworths share price in December?
• Is Core Lithium the hottest stock on the ASX 200 right now?
• The Sayona Mining share price went backwards in November. What now?
• 2 ASX 200 directors buying and selling their company shares in the past week

Motley Fool contributor Monica O’Shea 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.

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