Category: Stock Market

The AGL Energy Limited (ASX: AGL) share price continued its downward trend in November, falling to a decade low of $5.10 last month. Investors dumped the energy company’s shares despite no price-sensitive announcements from AGL.

For the month of November, the company’s share price backtracked 5.6%.

In contrast, the S&P/ASX 200 Index (ASX: XJO) also ended November in the red, shedding around 1% over the same time frame.

At market close on Friday, AGL shares managed to claw back some of their losses, finishing up 1.46% to $5.55.

What’s the latest with AGL?

It’s been a relatively quiet couple of months for the company with its last market-sensitive news being its full-year results in August.

However, a catalyst dragging down the AGL share price might be tough conditions for the national electricity market along with unstable electricity prices.

The company previously noted that a sharp decline in wholesale prices for electricity and renewable energy certificates affected its financial performance. AGL regarded the 2021 financial year as one of the most difficult energy markets on record.

In addition, the increased demand to decarbonise its operations has impacted Australia’s largest carbon emitter. Nonetheless, management plans to turn around its fortunes for AGL to become a more agile business towards renewable energy.

At its annual general meeting (AGM) in September, AGL recognised the disappointing result and aimed to change its fortunes around.

As such, management has focused on reducing operating costs by $150 million by the end of FY22. Also, the sale of non-core assets for $400 million by the end of FY22 is expected to provide ample firepower to the company’s balance sheet. The AGL share price climbed amid the news.

More than half of shareholders voted in favour of AGL setting emission targets ahead of its demerger. This is in accordance with the Paris Agreement which sets out a global framework to limit climate change.

The soon-to-close Liddell coal-fired power station could be a sign of greener pastures. AGL plans to transform the site with a hydro and solar energy facility after Liddell’s shutdown in 2023.

The company is aiming to split into two separate businesses by June 2022. They are bulk power generator AGL Australia, and a carbon-neutral energy retailer, Accel Energy.

About the AGL share price

In 2021, the AGL share price has continued to plummet in value, losing more than 50% for investors. When looking at the last 12 months, its shares are down almost 60%.

Based on valuation metrics, AGL presides a market capitalisation of approximately $3.65 billion, with approximately 658.38 million shares outstanding.

The post What happened to the AGL (ASX:AGL) share price in November? appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Why is the AGL (ASX:AGL) share price having such a stellar day?
• Own AGL (ASX:AGL) shares? Here’s how the company could be set to raise $500m
• Why is the Origin (ASX:ORG) share price outperforming AGL in November?
• Here’s why this top broker is tipping 40% upside for the AGL (ASX:AGL) share price

Motley Fool contributor Aaron Teboneras 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 Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) was out of form again last week and recorded its fourth consecutive weekly decline. The benchmark index fell 0.5% to end the period at 7,241.2 points.

Fortunately, that couldn’t stop some ASX 200 shares from storming higher last week. Here’s why these were the best performing shares on the index over the period:

Worley Ltd (ASX: WOR)

The Worley share price was the best performer on the ASX 200 last week with a gain of 10%. This follows the release of its investor day presentation in the middle of the week. One broker that was pleased with what it heard at the event was Morgan Stanley. In response, the broker upgraded the engineering company’s shares to an overweight rating with an improved price target of $12.00. Morgan Stanley expects Worley to benefit from the clean energy transition.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas share price wasn’t far behind with a gain of 9.4%. This appears to have been driven by the rare earth producer’s annual general meeting update. At the meeting, management spoke positively about demand for rare earths. It notes that its volume forecast for NdPr demand has increased to an average 10% annual growth rate from 7.5% previously.

Collins Foods Ltd (ASX: CKF)

The Collins Foods share price was on form and climbed 7.9% over the five days. The quick service restaurant operator’s shares stormed higher after investors responded positively to its half year results. Collins Foods reported a 9.5% increase in revenue to a record of $534.2 million and a 31.6% jump in underlying net profit after tax to $28.9 million. A strong performance from the KFC Europe business helped drive its growth.

BHP Group Ltd (ASX: BHP)

The BHP share price was a positive performer and rose 5.9% last week. This follows a positive week for the resources sector and news that the mining giant plans to proceed with its unification. This will see BHP make its ASX listing the primary listing. The Big Australian’s Board believes unification is in the best interests of shareholders. It will result in a corporate structure that is simpler and more efficient, reduces duplication and streamlines BHP’s governance and internal processes.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• Here are the top 10 ASX shares today
• These 3 ASX 200 shares are topping the volume charts this Friday
• 5 best ASX 200 resource shares to hold in November
• ASX 200 (ASX:XJO) midday update: BHP higher on unification plans, TPG tumbles

Motley Fool contributor James Mickleboro owns shares of Collins Foods Limited. 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 Collins Foods Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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With the end of the year fast approaching, now could be a good time to look at your portfolio and see if there is room for any new additions for 2022.

To help you along your way, I have picked out 10 ASX shares that are highly rated and could offer strong returns next year. They are as follows:

Adore Beauty Group Limited (ASX: ABY)

Adore Beauty is a leading online retailer in the Australian beauty and personal care (BPC) market. It currently has almost 1 million active customers and generated revenue of $63.8 million from them during the first quarter. This is still only a small slice of the $11.2 billion BPC market. UBS is a fan of the company and currently has a buy rating and $6.00 price target on its shares.

Breville Group Ltd (ASX: BRG)

Breville is a leading appliance manufacturer responsible for a number of popular brands. These include Sage and the eponymous Breville brand. Thanks to its global expansion, burgeoning product pipeline, and favourable consumer trends, it has been tipped to grow strongly over the long term by the team at Macquarie. As a result, the broker has put an outperform rating and $34.37 price target on its shares.

Hipages Group Holdings Ltd (ASX: HPG)

Hipages is a leading Australian-based online platform and software as a service (SaaS) provider connecting consumers with trusted tradies. At the last count, there were over 31,000 tradies using the platform, underpinning strong revenue growth. Goldman Sachs expects this strong growth to continue as it grows into its huge market. The broker currently has a buy rating and $4.95 price target on its shares.

Life360 Inc (ASX: 360)

Life360 operates in the digital consumer subscription services market, with a focus on products and services for digitally native families. Its eponymous app currently has over 30 million active users across the globe. Bell Potter is very bullish on Life360’s future and sees a lot of value in its shares at the current level. The broker has a buy rating and $14.75 price target on them.

Lovisa Holdings Limited (ASX: LOV)

Lovisa is a fast-fashion jewellery retailer with a growing store network. It recently appointed Victor Herrero as its new CEO. Mr Herrero was previously the Head of Asia Pacific and Managing Director Greater China for Inditex (Zara, Pull & Bear and Massimo Dutti), the CEO of Guess, and the CEO of Clarks. Macquarie notes that Mr Herrero has experience in China and India, which will be a key focus for Lovisa. It sees scope for the company to open as many as 1,400 stores in these markets alone. Macquarie has an outperform rating and $25.00 price target on its shares.

Megaport Ltd (ASX: MP1)

Megaport is a technology company that offers scalable bandwidth for public and private cloud connections, metro ethernet, and data centre backhaul. It has networking equipment in hundreds of data centres around the world, creating a software layer that provides an easy way for users to create and manage network connections. Macquarie is a fan of the company. It recently put an outperform rating and $24.00 price target on its shares.

NEXTDC Ltd (ASX: NXT)

NEXTDC is a leading data centre operator with a collection of world class centres across key locations throughout Australia. Combined with its potential expansion into Asia, NEXTDC appears well-placed to benefit from the structural shift to the cloud. Citi is a fan and currently has a buy rating and $15.40 price target on NEXTDC’s shares.

Orocobre Limited (ASX: ORE)

Orocobre is a top five global lithium mining company with a collection of high-quality assets including Olaroz, Mt Cattlin, and the Sal de Vida brine project. Unlike many lithium explorers and developers, Orocobre is already benefiting from the sky high lithium prices being underpinned by the clean energy transition and the rapid adoption of electric vehicles. This bodes well for its growth in the coming years. Macquarie is bullish and has an outperform rating and $12.00 price target on its shares.

PointsBet Holdings Ltd (ASX: PBH)

PointsBet is a sports betting operator and iGaming provider. It offers innovative sports and racing betting products and services via a scalable cloud-based platform in the ANZ and US markets. While 2021 hasn’t been a good year for its shares, Goldman Sachs believes 2022 will be better. It notes “the significant upside opportunity ahead in what will likely be a transformational CY22 year as it expands its North American footprint as well as ongoing M&A attractiveness to peers.” Goldman has a buy rating and $12.79 price target on its shares.

South32 Ltd (ASX: S32)

South32 is a diversified mining and metals company producing bauxite, alumina, aluminium, copper (soon), energy and metallurgical coal, manganese, nickel, silver, lead, and zinc. Thanks largely to its exposure to a number of in-demand commodities such as aluminium, Goldman Sachs has a conviction buy rating and $4.40 price target on its shares. The broker is also expecting double digit dividend yields for a number of years.

The post 10 ASX shares to buy in 2022 appeared first on The Motley Fool Australia.

More reading

• Winning shares for 2022: the companies experts are backing revealed at Sohn
• Why this fundie thinks Megaport (ASX:MP1) shares are ‘the most exciting tech adventure of this decade’
• 2 ASX shares with strong long term growth potential
• Could South32 (ASX:S32) shares be poised to deliver monster dividends?
• Goldman sees “significant upside opportunity” for the PointsBet (ASX:PBH) share price

Motley Fool contributor James Mickleboro owns shares of Life360, Inc., NEXTDC Limited, and Orocobre Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Hipages Group Holdings Ltd., Life360, Inc., MEGAPORT FPO, and Pointsbet Holdings Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited, Hipages Group Holdings Ltd., Lovisa Holdings Ltd, MEGAPORT FPO, and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It was another disappointing week for the S&P/ASX 200 Index (ASX: XJO). The benchmark index recorded its fourth consecutive weekly decline after falling 0.5% over the period to 7,241.2 points.

While a good number of ASX 200 shares fell with the market, some fell more than most. Here’s why these were the worst performing shares on the index over the period:

Regis Resources Limited (ASX: RRL)

The Regis Resources share price was the worst performer on the ASX 200 last week with a 12.7% decline. Investors were selling its shares following a pullback in the gold price after the US Federal Reserve continued with its hawkish rhetoric despite the Omicron threat. For the same reasons, a host of other gold miners including Perseus Mining Limited (ASX: PRU) and Ramelius Resources Limited (ASX: RMS) fell heavily.

Afterpay Ltd (ASX: APT)

The Afterpay share price was out of form and tumbled 10% over the five days. This was driven by weakness in the Square share price, which the Afterpay share price is intrinsically linked to due to its takeover. Last week Afterpay advised that it would be delaying the shareholder vote on the takeover until early next year. It explained that this was due to regulatory delays.

IDP Education Ltd (ASX: IEL)

The IDP Education share price wasn’t far behind with an 8.9% decline last week. Investors were selling this language testing and student placement company’s shares following the emergence of the Omicron variant of COVID-19. Investors appear concerned that IDP Education’s performance could be negatively impacted by this latest development.

GUD Holdings Limited (ASX: GUD)

The GUD share price was out of form and dropped 8.6% over the period. This diversified products company’s shares tumbled lower after raising funds to acquire Auto Pacific Group for approximately $744.6 million. GUD raised gross proceeds of approximately $290 million through an institutional placement and institutional entitlement offer at $10.40 per new share. This represented a 13.5% discount to its last close price.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• These 3 ASX 200 shares are topping the volume charts this Friday
• ASX 200 (ASX:XJO) midday update: BHP higher on unification plans, TPG tumbles
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX shares today

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. owns shares of and has recommended AFTERPAY T FPO and Idp Education Pty Ltd. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The COVID-19 pandemic triggered some lifestyle changes that will stick with us permanently.

One of these revolutions is working from home. 

Already many companies have indicated they would adhere to a “hybrid” model going forward — come into the office one or two days a week and telecommute the rest.

It’s no wonder that residential internet connections have become even more critical than they already were before the coronavirus first arrived.

Wilson Asset Management equity analyst Sam Koch certainly thinks there’s huge growth potential in the telecommunications industry.

“The sector’s been on a tear recently,” he said in a Wilson video.

“We believe that investors are attracted to the organic and inorganic within the sector at the moment.”

Koch said there are 3 ways that ASX telco companies are growing, and named 5 shares that fit the bill for his team:

3 ways ASX telecommunications companies are growing

The first way telcos are growing is through “rapid organic expansion into new markets”.

Koch named Tuas Ltd (ASX: TUA) and MNF Group (now known as Symbio Holdings Ltd (ASX: SYM)) as two businesses exhibiting this growth.

Tuas is going gangbusters, with its stock price soaring 16.49% higher on Friday. The shares have now gained a stunning 201% for the year so far.

Symbio shares aren’t going so badly either, returning 60% for the year so far.

The second growth strategy is through mergers and acquisitions, according to Koch.

“These are companies that are rolling up a fragmented space, which is Swoop Holdings Ltd (ASX: SWP) and Aussie Broadband Ltd (ASX: ABB).”

Aussie Broadband has been one of the darlings of the ASX in 2021, returning around 150% since the start of the year.

It dropped 3.65% on Friday to close at $5.02, which could present a buying opportunity, according to Shaw and Partners portfolio manager James Gerrish.

“We think that’s a clear, outstanding ‘buy’ around that $5.20 mark,” he said in a Market Matters video.

“It’s certainly a stock that we like in the portfolio.”

The third way the Wilson team is investing in the telco sector is betting on turnaround stories like Superloop Ltd (ASX: SLC).

“Superloop is an interesting one. It’s backed by Bevan Slattery, who is a doyen in the telco sector,” said Koch.

“They’ve sold 2 of their underperforming assets in Hong Kong and Singapore at a 30% premium to the book value.”

He added the proceeds from that sale will be re-invested in a way that’ll be beneficial for investors, by way of “capital management or accretive acquisitions”.

Superloop shares have gained 20% for the year to date.

The post 5 ASX telco shares this expert loves right now appeared first on The Motley Fool Australia.

More reading

• Here’s why the Tuas (ASX:TUA) share price is leaping 10% to a record high on Friday
• 3 bargain ASX tech shares to buy right now: expert
• Aussie Broadband (ASX:ABB) share price slumps as it closes in on OTW
• Tuas (ASX:TUA) share price surges again, up almost 30% this week. Here’s why
• Why Bellevue Gold, South32, Starpharma, and Tuas shares are pushing higher

Motley Fool contributor Tony Yoo owns shares of Aussie Broadband Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Aussie Broadband Limited and SUPERLOOP FPO. The Motley Fool Australia has recommended Aussie Broadband Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Webjet Limited (ASX: WEB) share price is in the red in December 2021 so far.

Despite COVID-19 being a global issue for almost two years, it continues to feature heavily in investor thoughts about ASX travel shares.

Not only is the Webjet share price in the red this month to date, but it has dropped 18% since 8 November 2021.

Recent improvements for Webjet

One of the biggest difficulties for ASX travel shares over the last couple of years is that travellers have been blocked from travelling either regionally or even internationally. In the last few months, restrictions were finally easing.

Australia’s international borders were starting to open up, as was international travel between places like Europe and the US.

It was only a couple of weeks ago that Webjet released its FY22 first half result.

With that report, Webjet said that the business was turning around as global travel markets reopened, with positive working capital delivering $3.5 million per month of cash surplus.

Webjet revealed that WebBeds had been profitable since July, with costs down 31% compared to before COVID-19 times and on track to be 20% more cost efficient at scale. The Webjet online travel agency (OTA) business returned to profitability in October 2021.

The ASX travel share said that FY22 third quarter trading was ahead of the FY22 second quarter. November 2021 total transaction value (TTV) was 63% of pre-COVID volumes with many “key markets” yet to open.

Webjet said that based on its current trajectory, it said it was expecting to be back at pre-COVID booking volumes by the end of the second half of FY23, being October 2022 to March 2023.

Omicron-shaped spanner in the works?

A new COVID-19 variant called Omicron may be impacting investor thoughts about the Webjet share price.

The BBC has reported that the World Health Organization’s regional director for the western Pacific, Dr Takeshi Kasai, said the geographic distribution of the new Omicron variant is “likely already wider than currently reported”. The WHO also said that all countries must prepare for potential new surges from Omicron.

Certain travel rules are coming back. For example, from next week, all international arrivals into the USA must get a COVID test in the 24 hours before they depart.

There has been difficulties for other ASX travel shares in recent weeks.

Since 9 November 2021, the Corporate Travel Management Ltd (ASX: CTD) share price has fallen more than 12%, the Flight Centre Travel Group Ltd (ASX: FLT) share price has declined over 17% and the Qantas Airways Limited (ASX: QAN) share price has dropped 15%.

Time will tell how dangerous the Omicron variant is and how effective vaccines are against it.

Is the Webjet share price good value?

Morgans thinks so, with a buy rating and price target of $6.60 – this suggests a potential upside of more than 20% if the broker is right.

Citi has a pretty similar price target of $6.46, though the current rating is only ‘neutral’. The broker is expecting a return to profitability for Webjet in FY23, with its numbers suggesting that the Webjet share price is valued at 30x FY23’s estimated earnings.

The post Why has the Webjet (ASX:WEB) share price had such a lousy start to December? appeared first on The Motley Fool Australia.

More reading

• Winning shares for 2022: the companies experts are backing revealed at Sohn
• Flight Centre (ASX:FLT) share price falls again amid Sohn short pick
• Is the Qantas (ASX:QAN) share price at risk of a capital raise?
• Top brokers name 3 ASX shares to sell today
• Here’s what happened to the Webjet (ASX:WEB) share price in November and what could come next

Motley Fool contributor Tristan Harrison 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 Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Today, the S&P/ASX 200 Index (ASX: XJO) edged higher to finish the week slightly below where it started at the beginning of the week. At the closing bell, the benchmark index finished 0.22% higher at 7,241.2 points.

The majority of shares in the Aussie index finished higher today. However, an underwhelming performance from some of the market’s bigger companies prevented a better day more broadly. Leading the market higher were energy shares following a rise in oil prices overnight. At the other end of the ASX were healthcare shares, including a 2.5% fall in CSL Limited (ASX: CSL).

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Pro Medicus Ltd (ASX: PME) was the biggest gainer today. Shares in the imaging software company rose 3.79% despite there being no announcements. Accounting for today’s gain, Pro Medicus shares are still down 2% this past month. Find out more about Pro Medicus here.

The next biggest gaining ASX share today was Washinton H Soul Pattinson & Company Ltd (ASX: SOL). The diversified investment house witnessed a 3.34% uptick in its share price today. This might have been due in part to its exposure to energy investments. Uncover the latest Soul Patts details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Pro Medicus Ltd (ASX: PME)	$57.78	3.79%
Washington Soul Pattinson & Company Ltd (ASX: SOL)	$32.16	3.34%
Corporate Travel Management Ltd (ASX: CTD)	$22.36	3.09%
Zimplats Holdings Ltd (ASX: ZIM)	$22.20	3.02%
Whitehaven Coal Ltd (ASX: WHC)	$2.44	2.95%
ALS Ltd (ASX: ALQ)	$12.65	2.85%
Premier Investments Ltd (ASX: PMV)	$30.81	2.77%
QBE Insurance Group Ltd (ASX: QBE)	$12.01	2.74%
Oil Search Ltd (ASX: OSH)	$3.94	2.60%
Bluescope Steel Ltd (ASX: BSL)	$20.47	2.45%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

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

More reading

• These 3 ASX 200 shares are topping the volume charts this Friday
• ASX 200 (ASX:XJO) midday update: BHP higher on unification plans, TPG tumbles
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX shares today
• Why is the Vanguard Australian Shares Index ETF (ASX:VAS) the most successful Aussie ETF?

Motley Fool contributor Mitchell Lawler owns shares of Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. and Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Corporate Travel Management Limited and Premier Investments Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Envirosuite Ltd (ASX: EVS) share price finished in the red today after returning from its trading halt on Friday morning.

At the close of trading for the week, Envirosuite shares were down 2.22%, swapping hands at 22 cents a piece.

Trading was paused while the environmental management solutions company conducted a capital raise to drive growth in its water treatment technology segment.

What’s happening with Envirosuite?

The catalyst for the Envirosuite share price drop today may have been the capital raise, which dilutes the value of each share. A total of 52.3 million new shares were placed on the market at 20 cents a piece.

The shares were offered at a 15% discount on a share price high of 23.5 cents on 25 November.

As a result, Envirosuite achieved its goal of raising $10.5 million and hailed the capital raise a success.

Furthermore, the company will use proceeds of the capital raise to invest in growing the direct sales in its EVS Water product. This includes growing the sales team and forming new partnerships to achieve sales success.

EVS Water is a 3-product platform that links artificial intelligence with leading water modelling approaches. It helps companies reduce their operational risk and expenses while remaining compliant.

Management commentary

Envirosuite chief executive officer Jason Cooper said:

This capital raising is about growth. That we have been able to raise capital in a highly sought-after placement at a materially superior price than the previous tranche of growth funding is indicative of the trajectory of the business and investors’ appreciation of the opportunity that lies before us.

Envirosuite share price snapshot

Envirosuite shares have grown around 17% in the past 12 months. To put this in perspective, the S&P/ASX 200 Index (ASX: XJO) has climbed around 9% in that time. The Envirosuite share price is down 6.4% over the past month.

The post Here’s why the Envirosuite (ASX:EVS) share price fell today appeared first on The Motley Fool Australia.

More reading

• Halt! Why is the Envirosuite (ASX:EVS) share price paused?
• Envirosuite (ASX:EVS) share price jumps 5% on strategic splash with GHD
• This deal just caused the Envirosuite (ASX:EVS) share price to pop

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 Bruce Jackson.

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Another annual Sohn Hearts & Minds Investment Conference has come to pass today. Charlie Munger warned of bubbly valuations reminiscent of the dot-com era, a few ASX-listed shares received a shoutout, and attendees walked away with a lot of ideas to ponder.

While ASX investors only had a few Australian stock picks, the raft of ideas for international opportunities was extensive. Investing experts laid down investment opportunities situated in Hong Kong to London and everywhere in between.

What shares are the experts betting on?

Investors will be busy tonight trawling through annual reports and doing research after being bombarded with investment opportunities today. Although, out of the 13 speakers, only three mentioned ASX-listed shares as their highest conviction pick — and out of those three, one was a tip to short shares.

Shares in Flight Centre Travel Group Ltd (ASX: FLT) finished flat today despite Regal Funds chief investing officer Philip King placing a target on the company’s back. At the conference, King made his belief known that the company’s shares are overpriced considering the trouble it might have ahead of it still. Namely, the pressure it could face by more competitive online travel offerings.

On the other hand, both Megaport Ltd (ASX: MP1) and Pinnacle Investment Management Group Ltd (ASX: PNI) copped rave reviews by Eleanor Swanson and David Allingham respectively. Notably, Swanson named Megaport as “the most exciting tech adventure of this decade”. The shares in both ASX-listed companies finished the day higher.

Beyond these top picks for 2022, the industry experts delivered a long list of companies that local investors might not have heard of before. However, as we found out, these obscure investment opportunities might be more familiar than originally thought.

For instance, Qiao Ma’s pick of Techtronic Industries Co. Ltd. (HKG: 0669) is the seller of numerous power tool brands including Milwaukee and Ryobi.

All 13 investment opportunities for 2022 revealed

Every stock pick from the Sohn Hearts & Minds Investment Conference is listed below:

Share pick	Share price	Market Capitalisation	Speaker
Bengo4.com Inc (TYO: 6027)	$6,030	A$1.68 billion	Jay Kahn
Techtronic Industries Co Ltd (HKG: 0669)	$172.80	A$57.51 billion	Qiao Ma
Avalara Inc (NYSE: AVLR)	$132.99	A$16.34 billion	Babak Poushanchi
Megaport Ltd (ASX: MP1)	$20.99	A$3.31 billion	Eleanor Swanson
Spotify Technology (NYSE: SPOT)	$228.54	A$61.87 billion	Hamish Corlett
Delivery Hero (ETR: DHER)	$107.40	A$43.92 billion	Beeneet Kothari
GitLab Inc (NASDAQ: GTLB)	$91.23	A$18.39 billion	Yen Liow
Flight Centre Travel Group Ltd (ASX: FLT)	$17.24	A$3.44 billion	Phil King
ON Semiconductor Corp (NASDAQ: ON)	$62.54	A$38.07 billion	Nick Griffin
Wise PLC (LON: WISE)	$738.25	A$13.78 billion	Markus Bihler
Beauty Health Co (NASDAQ: SKIN)	$23.81	A$5.03 billion	Joyce Meng
Coinbase Global Inc (NASDAQ: COIN)	$284.71	A$86.58 billion	Gavin Baker
Pinnacle Investment Management Group Ltd (ASX: PNI)	$15.82	A$3.15 billion	David Allingham

Despite the enthusiasm from these stock pickers, a cloud of scepticism was cast by Berkshire Hathaway‘s Charlie Munger. The renowned longtime investor put some doubt on current market valuations with his commentary, saying:

Some of the valuations we saw in the dot-com era were higher. But overall I consider this even crazier than the dot.com era.

In addition, Munger handed down his grilling critique of cryptocurrency. Warren Buffett’s right-hand man said, “I wish they’d never been invented.”

All in all, it was an incredibly eventful day. But now, investors have a bigger bank of potential share ideas for the year ahead.

The post Winning shares for 2022: the companies experts are backing revealed at Sohn appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler owns shares of Spotify Technology. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended MEGAPORT FPO and PINNACLE FPO. The Motley Fool Australia owns shares of and has recommended PINNACLE FPO. The Motley Fool Australia has recommended Berkshire Hathaway (B shares), Flight Centre Travel Group Limited, and MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The CSL Limited (ASX: CSL) share price held the fort during November and finished just over 2% in the green for the month.

While it finished relatively flat, the biotech giant’s share price nudged past its previous 52-week highs. It closed as high as $318 and traded as low as $300 per share.

CSL outperforms broad sector in November

The CSL share price outpaced the S&P/ASX 200 Health Care Index (ASX: XHJ) which traded in an almost synchronised fashion to the Aussie biotech’s share price over the last month.

Near month’s end, the company advised its Seqirus business was granted approval from the US Food and Drug Administration to formulate a multi-dose vial (MDV) version of its Audenz label.  

The particular MDV is described as a cell-based influenza vaccine designed to help protect individuals in the event of an influenza pandemic.

Seqirus has a partnership with the Biomedical Advanced Research and Development Authority (BARDA) where it will be positioned to deliver up to 150 million influenza vaccine doses to the US to combat an influenza pandemic within six months. The CSL share price gained on the back of the news.

CSL vs S&P/ASX 200 Health Care Index: November returns in percentages

Source: Google Finance. Google and the Google logo are registered trademarks of Google LLC, used with permission

CSL also recently advised it had secured financing to develop an incubator and wet space lab to support clinical-stage biotechnology startups. The Victorian government is also set to chip in.

In the company’s words, incubators break down cost barriers and other barriers to entry for start-ups. Incubators offer a ‘one-stop shop’ by minimising cost-prohibitive expenditures that otherwise price small biotechs out of the market.

However, the CSL share price struggled on the day the news was announced.

Several investment firms weighed in with their opinion on CSL’s outlook during the month as well. Morgan Stanley notes competitor Haemonetics Corporation (NYSE: HAE)’s recent earnings update where it lowered its plasma collection guidance moving forwards.

The firm reckons this could be a challenge to CSL’s earnings, particularly with the ever-looming threat of another COVID-19 outbreak that would further diminish plasma donation volumes. Macquarie Group Ltd (ASX: MQG) is more constructive on CSL and values the company at $338 per share.

While it’s been a difficult year to date for CSL, it held onto gains earned from the month earlier, where it bounced off a low of $286.19 in line with the broad sector.

The CSL share price is up around 1% in the past 12 months and around 5% this year to date. In the past month, the company’s share price has slipped just over 3% and it closed the week down 6%.

The post CSL (ASX:CSL) share price holds the line in November appeared first on The Motley Fool Australia.

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The author has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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