Category: Stock Market

ASX tech shares could be the right place to look for opportunities in July 2021.

Technology companies can have a strong margin if the operating model is very scalable. A lot of software products can be replicated for a very low cost to the company, but the ASX tech share can still charge its full price.

Here are two ASX tech shares to consider:

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

This is an exchange-traded fund (ETF). It’s invested in large and smaller businesses that provide exposure to businesses involved in the video gaming world.

There are some businesses in the portfolio that are purely known for video games like Nintendo, Activision Blizzard, Take Two Interactive, Electronic Arts and Ubisoft.

Then there are others that produce a certain amount of earnings from video gaming-related activities such as Nvidia, Advanced Micro Devices, Tencent and Sea.

The video gaming sector has achieved revenue growth of 12% per annum since 2015. E-sports revenue has grown by an average of 28% per annum since 2015.

Competitive video gaming’s audience is expected to reach 646 million people globally in 2023, driven in part by a rising population of digital natives, according to the Newzoo Global Esports Market Report.

VanEck shared a number of impressive facts about the video gaming industry. There are now more than 2.7 billion active gamers worldwide. The video game business is now larger than both the movie and music industries combined, making it a major industry in entertainment.

E-sports is considered the world’s fastest-growing sport. The top e-sports tournaments are drawing crowds rivalling the World Cup (soccer) and the Olympic Games.

This ASX tech share has an annual management fee of 0.55%.

Kogan.com Ltd (ASX: KGN)

Kogan is an e-commerce business that sells a lot of different things through its website like appliances, electronic devices, clothes, drones and sporting goods. Some of the other things sold through the website includes insurance, superannuation and credit cards. The Mighty Ape acquisition in New Zealand gave it international growth potential and diversification.

The Kogan share price has fallen 41% over the last six months, meaning the price is now substantially cheaper.

Kogan has been working through excess inventory that was built up in response to its very quick growth. It’s getting through that inventory by increasing promotional activity, which is leading to lower near-term gross margins and higher near-term marketing costs.

In FY21 it’s expecting to report adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of between $58 million to $63 million.

But the ASX tech share’s leadership are confident about the future. Kogan said:

The board looks to the future with confidence as the business has invested in key strategic initiatives and has a strong level of in-demand inventory heading into the first half of FY22 while observing price inflation through global supply chains. The initiatives that the company has put in place to address the rapid scaling of a large e-commerce company are expected to drive continuous customer experience improvements in FY22.

According to Commsec, the Kogan share price is valued at 24x FY23’s estimated earnings.

The post 2 ASX tech shares that might be buys in July 2021 appeared first on The Motley Fool Australia.

More reading

• Why AGL, Collins Foods, Kogan, & Nuix shares are tumbling lower
• Why the Kogan (ASX:KGN) share price is sinking 5% today
• Got cash to invest? Here are 2 ASX shares that could be buys
• Why Afterpay (ASX:APT) and this ASX share could be top growth options
• ASX 200 flat, e-commerce ASX shares soar, Metcash rises

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. owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. 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 ASX is home to hundreds of mining and resource companies but, arguably, the cream of the crop can be found on the S&P/ASX 200 Index (ASX: XJO).

But which led the pack in the 2021 financial year? Luckily, The Motley Fool has scoured the ASX 200 to bring you this list of FY21’s best performers.

So, without further ado, we bring you the top performing mining and resource shares of the financial year just been.

Top 5 ASX 200 mining and resource shares of FY21

Shareholders of these companies, get ready to rejoice.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price topped all ASX 200 mining and resource shares in the 2021 financial year – gaining an epic 480% in the process.

At the beginning of the financial year, Pilbara shares were trading at 25 cents apiece. By its end, they were swapping hands for $1.45.

The Pilbara share price rallied this year alongside global demand for lithium.

Pilbara Minerals claims to be the ASX’s leading pure-play lithium producer, with operations in Western Australia. The company also produces tantalum, which is generally used in alloys and as a filament because of its strength and high melting point.

The company has a market capitalisation of around $4.2 billion, with approximately 2.9 billion shares outstanding.

Lynas Rare Earths Ltd (ASX: LYC)

The financial year that’s just been was a crazy time for Lynas Rare Earths shares, but they pulled through to gain a whopping 200%.

The Lynas share price closed at $1.90 on 30 June 2020. Exactly 12 months later, it finished the day at $5.71.

Lynas is the globe’s second largest producer of rare earths, and the only major producer outside of China. It has assets in Western Australia and a processing plant in Malaysia.

The company has a market capitalisation of around $5.1 billion, with approximately 901 million shares outstanding.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price increased by almost 154% during the 2021 financial year.

The company’s shares started FY21 at $21.17. By its end, they had grown to trade for $53.73.

Mineral Resources produces iron ore and lithium, and its business is booming.

The company has a market cap of around $10.4 billion, with approximately 188 million shares outstanding.

Champion Iron Ltd (ASX: CIA)

Champion Iron shares gained an impressive 124% over the 12 months ended 30 June 2021.

The Champion share price started the financial year at $2.86 and, by the time the year was over, it was trading at $6.38.

There is likely no need to tell you that Champion Iron is, indeed, an iron ore miner. It has operations in Québec, as well as one in Canada’s Newfoundland and Labrador.

Champion was perfectly positioned to take advantage of record-high iron ore prices earlier this year, and it’s announced some pretty impressive results lately.

It has a market cap of around $3.3 billion, with approximately 506 million shares outstanding.

Oz Minerals Limited (ASX: OZL)

Last, but certainly not least, is Oz Minerals. After starting the financial year at $10.96, the Oz Minerals share price gained 98% to end it at $22.48.

Oz Minerals is the ASX’s only pure-play copper producer, and its recent strong performance, together with the increasing price of copper, saw it reach a 13-year high in February.

Unfortunately for shareholders, the Oz Minerals share price slipped 11% in June, crowning it as one of the ASX 200’s worst performers that month.

Oz Minerals has a market cap of around $7.3 billion, with approximately 332 million shares outstanding.

The post 5 best ASX 200 mining and resource shares of financial year 2021 appeared first on The Motley Fool Australia.

More reading

• Here are the 5 best ASX telecom shares of the 2021 financial year
• These were the best performing ASX 200 shares last week
• ASX 200 up, Westpac caught in potential fraud, RPMGlobal rises
• Here are the 5 best performing ASX tech shares from FY21
• 3 ASX 200 shares moving on the market today

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 Bruce Jackson.

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With savings accounts and term deposits still offering very low interest rates, the share market arguably remains the best place to earn a passive income.

But which ASX dividend shares should you consider buying? Two to look closely at are listed below:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The Charter Hall Social Infrastructure REIT is a real estate investment trust focused on social infrastructure properties. These include properties such as childcare centres and government sites.

Demand has been very strong for its properties. So much so, at the end of the first half of FY 2021, the company had an occupancy rate of 99.7% and a weighted average lease expiry (WALE) of 14 years. A recent update reveals that its WALE has lengthened again following a series of renewals.

This underpinned solid earnings growth during the half, allowing the Charter Hall Social Infrastructure REIT board to increase its fully year distribution guidance to 15.7 cents per share for FY 2021.

Since then, it has reaffirmed this guidance and advised of plans to pay a special distribution of 4 cents per unit in FY 2021. This brings its full year distribution to 19.7 cents per unit.

Based on the current Charter Hall Social Infrastructure REIT share price, this will mean a yield of 5.4% for investors. Goldman Sachs currently has a buy rating and $3.60 price target on its shares, which is broadly where its shares trade today.

Transurban Group (ASX: TCL)

Another ASX dividend share for investors to look at is this leading toll road operator.

Transurban has a portfolio of 17 roads in Australia and four in North America. It also has a significant project pipeline across its networks that look set to underpin further growth in the coming years.

And while trading conditions are mixed at the moment due to the pandemic and putting pressure on distributions, it could be worth sticking with the company. Especially given how analysts believe that distributions will start to normalise again very soon.

Ord Minnett is positive on the company’s future. Its analysts currently have a buy rating and $16.00 price target on the company’s shares. This compares to the latest Transurban share price of $14.29.

As for dividends, Ord Minnett is forecasting dividends of 37 cents per share in FY 2021 and then 58 cents per share in FY 2022. This will mean yields of 2.7% and 4.1%, respectively, over the next two years.

The post 2 quality ASX dividend shares with very attractive yields appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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ASX telecom shares put in a mixed performance over the 2021 financial year (FY21).

During the 12 months from 1 July 2020 through to 30 June 2021, the All Ordinaries Index (ASX: XAO) gained 25%.

Only the top 3 performing ASX telecom shares beat the All Ords returns in FY21. And 1 of those 3 companies wasn’t even listed on the exchange when the financial year kicked off.

With that said, and another financial year fading in the rear-view, here are the 5 best performing telecom shares for the year gone by.

Uniti Group Ltd (ASX: UWL)

By far the best performing ASX telecom share is S&P/ASX 200 Index (ASX: XJO) listed Uniti, with shares up 133% in FY21.

Based in South Australia, the internet and telecommunications company is involved in the construction of communications infrastructure, including mobile towers and fibre cables.

Uniti closed the financial year at $3.30 per share. With just under 677 million shares outstanding, Uniti has a market cap of $2.24 billion.

Aussie Broadband Ltd (ASX: ABB)

The second best performing ASX telecom share is Aussie Broadband, with a share price gain of 57% for the financial year just past.

Aussie Broadband is a newcomer to the ASX, having only listed on 16 October. Meaning it wasn’t trading during the first three and a half months of FY21. But having posted more than double the gains of our number 3 ASX telecom share, it’s earned its place in this list.

Active across Australia, the company provides national broadband (NBN) subscriptions to residential properties and businesses large and small.

Aussie Broadband closed on 30 June at $2.95 per share. With some 190 million shares outstanding, it has a market cap of $562 million.

Tuas Ltd (ASX: TUA)

Coming in at number 3 is Tuas, with a financial year share price gain of 27%.

Tuas was incorporated in March 2020 as part of the TPG Telecom Ltd (ASX: TPG) group of companies. Tuas listed on the ASX on 30 June 2020, 1 day before FY21 kicked off.

Tuas finished off FY21 with a share price of 65 cents per share. With roughly 464 million shares outstanding, it has a market cap of $299 million.

Macquarie Telecom Group Ltd. (ASX: MAQ)

With a share price gain of 16%, Macquarie Telecom is the fourth best performing ASX telecom share in FY21.

The company listed on the ASX on 27 September 1999 and operates through 2 segments, telecom and hosting.

Macquarie Telecom closed at $52.91 per share on 30 June, giving it a market cap of $1.14 billion. The company pays a 1.1% dividend yield, fully franked.

Telstra Corp Ltd (ASX: TLS)

Rounding off our list of best performing ASX telecom shares at number 5 is industry powerhouse Telstra, with a share price gain of 13% in FY21.

Telstra is Australia’s largest and longest-running provider of telecommunications and information products and services. It’s also active internationally, with a presence in 20 countries across the globe. With a market cap of $44.72 billion, it’s one of the largest companies on the ASX.

Telstra finished the year at $3.76 per share. It pays an annual dividend yield of 2.8%, fully franked.

The post Here are the 5 best ASX telecom shares of the 2021 financial year appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares last week
• ASX 200 up, Westpac caught in potential fraud, RPMGlobal rises
• Here are the 5 best performing ASX tech shares from FY21
• 3 ASX 200 shares moving on the market today
• ASX blue chips set to unleash buybacks and dividends! But which is better?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Aussie Broadband Limited. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. 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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Thanks to a strong finish on Friday, the S&P/ASX 200 Index (ASX: XJO) was able to push ever so slightly higher last week to end at 7,308.6 points.

A number of ASX 200 shares recorded notably stronger gains over the period. Here’s why these were the best performers on the index:

IDP Education Ltd (ASX: IEL)

The IDP Education share price was the best performer on the ASX 200 last week with a gain of 17.8%. All of this gain occurred on Friday in response to the announcement of a major new acquisition. The language testing and student placement company is acquiring 100% of the British Council’s Indian International English Language Testing System operations for 130 million pounds (A$240 million). The deal will mean that IDP Education is the sole distributor of IELTS in the massive Indian market.

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price was some way behind as the next best performer with a 9.5% gain. This appears to have been driven by a bullish broker note from a week earlier. Thanks to rising commodity prices, Macquarie has put an outperform rating and $73.00 price target on the company’s shares. It likes the company due to its exposure to both iron ore and lithium. The Mineral Resources share price ended the week at $55.54.

Harvey Norman Holdings Limited (ASX: HVN)

The Harvey Norman share price wasn’t far behind with an 8.1% gain over the five days. This was despite there being no news out of the retail giant. However, investors may believe the recent outbreak of COVID-19 across several Australian states could be another boost to sales like this time last year.

Clinuvel Pharmaceuticals Limited (ASX: CUV)

The Clinuvel share price was a solid performer, rising 5.8% over the week. Once again, this was despite there being no news out of the biopharmaceutical company. Though, the company recently announced that its afamelanotide drug has been administered to a first patient diagnosed with an acute arterial ischaemic stroke (AIS). This patient was enrolled in a world’s first clinical trial (CUV801) after suffering an acute stroke and being admitted to a specialist neurological hospital in Australia to receive treatment. Investors may be optimistic that the result from this trial will be positive.

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

More reading

• ASX 200 up, Westpac caught in potential fraud, RPMGlobal rises
• Here are the 5 best performing ASX tech shares from FY21
• 3 ASX 200 shares moving on the market today
• The Afterpay (ASX:APT) share price is slipping today while the ASX 200 gains
• Why a2 Milk, Chalice Mining, IDP Education, & Imugene are charging higher

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 Idp Education Pty Ltd. 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) had a mixed five days last week. But thanks to a strong finish, the benchmark index was able to record a very small weekly gain to end at 7,308.6 points.

Unfortunately, not all ASX 200 shares were able to push higher with the market. Here’s why these were the worst performers on the index:

Collins Foods Ltd (ASX: CKF)

The Collins Foods share price was the worst performer on the ASX 200 with a 13.1% decline. The quick service restaurant operator’s shares actually stormed to a record high following the release of its full year results, before starting to sink. This may have been driven by a couple of broker downgrades. Largely on valuation grounds, UBS and Morgans downgraded the company’s shares to neutral/hold ratings.

AGL Energy Limited (ASX: AGL)

The AGL share price wasn’t far behind and sank 10% over the five days. Investors were selling the energy company’s shares following the release of an update on its demerger plans. AGL Energy is planning to become Accel Energy, an electricity generation business focused on the accelerating energy transition. It will then demerge a new entity, AGL Australia, which will be a multi-product energy-led retailing and flexible energy trading, storage and supply business. In order to conserve cash, Australia’s biggest polluter decided to terminate its special dividend program. It also warned of earnings declines in FY 2022.

Bega Cheese Ltd (ASX: BGA)

The Bega share price was out of form and dropped 9.7% last week. This was despite there being no news out of the diversified food company. In fact, not even a positive broker note out of Bell Potter could stop its shares from sinking. Bell Potter is a fan of its recent acquisition of Lion Dairy and Drinks. It has a buy rating and $7.35 price target on its shares.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price was a poor performer and tumbled 9.6% over the period. Once again, this was despite there being no news out of the sports betting company. Though, it is worth noting that rival BlueBet Holdings (ASX: BBT) completed its IPO on Friday. This could potentially mean that some investors sold out of PointsBet to take a position in BlueBet. The BlueBet share price rocketed higher following its listing.

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

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Motley Fool contributor James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Collins Foods Limited 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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The S&P/ASX 200 Index (ASX: XJO) went up 0.6% today to 7,309 points.

Here are some of the highlights from the ASX:

Westpac Banking Corp (ASX: WBC)

The Westpac share price was flat today – after the other big banks went up around 1% – with the bank telling investors it had uncovered potential fraud.

The potential fraud relates to a portfolio of equipment leases with Westpac customers arranged by Forum Finance, which were referred to Westpac’s institutional bank.

Westpac said that whilst investigations are ongoing and the NSW police, ASIC and APRA have been notified, at this stage it appears no Westpac customer has suffered a financial loss.

The bank has a potential exposure of around $200 million after tax, with the extent of any loss dependent on the outcome of its investigations and recovery actions underway.

Westpac has obtained certain asset freezing and search orders to preserve available assets and relevant information.

The big four ASX 200 bank is continuing to investigate how this occurred, including undertaking an external review.

Westpac CEO Peter King said:

Westpac takes fraud very seriously and will take all necessary actions to protect the interests of the bank and its customers.

This is a complex issue, and we are working at pace to address it, including engaging with the police and regulators. At this preliminary stage, the potential fraud is sophisticated and appears to have been perpetrated externally.

Our new chief executive of the institutional bank, Anthony Miller, is working with our customers to ensure no disruption to their operations.

RPMGlobal Holdings Ltd (ASX: RUL)

The RPMGlobal share price went up almost 5% today in response to its update.

The total contracted value (TCV) derived from software subscriptions sold and software revenue from perpetual license contracts concluded during FY21 which together totalled $52.9 million, $9.5 million of which has been sold since 18 June 2021.

RPMGlobal expects to finish FY21 with software subscription TCV of $47.7 million (up from $34.5 million in FY20), an increase of $7.3 million from 18 June 2021.

The company’s annual recurring revenue (ARR) from software subscription is $21.9 million per annum.

Perpetual software license sold during FY21 finished at $5.2 million (down from $6.9 million in FY20), $2.2 million has been sold since 18 June 2021.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price dropped 0.6% today after an announcement about some proceedings.

The ASX 200 global insurer was made aware that Strand Fitness and others have filed a representative proceeding against QBE in the Federal Court of Australia.

These proceedings allege that QBE wrongfully denied cover to certain policyholders during the COVID-19 pandemic for losses arising from business interruption.

QBE said the allegations will be defended.

The insurer said the issues raised in these proceedings appear to be substantially similar to those currently before the Australian courts in the second industry test case and QBE’s own Federal Court proceeding against Educational World Travel in liquidation and its liquidator.

QBE stated it’s committed to applying the rulings of the courts in the industry test cases when assessing claims. It’s satisfied that its reserving in respect of business interruption claims remain robust.

The post ASX 200 up, Westpac caught in potential fraud, RPMGlobal rises appeared first on The Motley Fool Australia.

More reading

• Here are the 5 best performing ASX tech shares from FY21
• 3 ASX 200 shares moving on the market today
• ASX blue chips set to unleash buybacks and dividends! But which is better?
• Why BWX, IPH, Novatti, & QBE shares are dropping
• The Afterpay (ASX:APT) share price is slipping today while the ASX 200 gains

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. owns shares of and has recommended RPMGlobal Holdings. The Motley Fool Australia has recommended RPMGlobal Holdings. 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) delivered its biggest year of gains since its creation in 2000. At the final bell for the 2021 financial year on Wednesday evening, the benchmark index had finished 24% higher than it was a year prior. Though, it was no match for the bountiful returns delivered by some ASX tech shares.

While we sometimes look at the best performers of a sector within the ASX 200, today we’re casting the net wider. Below are the 5 best performing tech shares from the broader All Ordinaries Index (ASX: XAO).

5 top-performing ASX tech shares in FY21

Praemium Ltd (ASX: PPS)

Praemium is a provider of portfolio administration, investment platforms, and financial planning tools to the wealth management industry. The company operates in close competition with other financial platform providers such as HUB24 Ltd (ASX: HUB), which took out the fourth spot in our ‘best performing ASX 200 shares’ list.

Looking at the one-year chart on this one, you will see the significant moves to the upside line up with each of the company’s quarterly reports. With each quarterly report, Praemium’s all-important funds under management (FUM) climbed. By its March 2021 update, FUM had reached $37.9 billion, an increase of 96% on the prior year. This was helped along by the acquisition of Powerwrap in October 2020.

Shares in this ASX tech company rose 195% in FY21. At the time of writing, the Praemium share price is fetching $1.03.

Life360 Inc (ASX: 360)

San Francisco-based tech company, Life360 offers a family-orientated mobile application. Through it, parents can have real-time location sharing, crash detection, and messaging with their kids.

The company has recently strengthened its offerings by adding Jiobit to its team for $37 million. Management believes the addition of this wearable location device provider opens up cross-selling opportunities and is supportive in meeting Life360’s growth strategy.

The Life360 share price delivered shareholders a paper profit of 206% in the last financial year.

Weebit Nano Ltd (ASX: WBT)

Weebit Nano is a developer of computer memory technology. The company’s market capitalisation has surged to $220 million in what has been a massive financial year for its shareholders.

Back in August 2020, the Weebit Nano excitement mounted following its success of achieving the “stabilisation” process of its oxide ReRam technology. This milestone indicated the company’s production process is repeatable and consistent. Building off that, further announcements regarding progress towards official production continued to push the share price higher.

Shareholders who managed to hold onto this ASX tech share enjoyed a return of 452% in FY21.

BrainChip Holdings Ltd (ASX: BRN)

Another chip developer, BrainChip holdings is working on producing an artificial intelligence processor for the “Internet of Things” market. Its AKD1000 processor, enabled with BrainChip’s Akida technology, is aimed at solving complex problems with low power usage.

An agreement with VORAGO to support development for a ‘neuromorphic’ processor that meets spaceflight requirements for NASA got investors excited in September of last year. Further catalysts took shape in NASA ordering an Akida Early Access Evaluation Kit and the announcement of volume production by Taiwan Semiconductor Manufacturing Company.

All that excitement translated to a share price return of 470% during the financial year.

Pointerra Ltd (ASX: 3DP)

Finally, taking out the number one spot for the best performing ASX tech share in FY21 is Pointerra. The Australian company offers unique 3D geospatial data technology to solve problems related with digital asset management workflows. This software allows very large, high resolution datasets from any part of the world for instant access.

The initial thrust in Pointerra’s share price followed a strategic investment in the company by serial tech entrepreneur, Bevan Slattery. This investment involved Mr Slattery purchasing 50 million shares for $2.5 million. Given Bevan’s track record with the likes of NextDC Ltd (ASX: NXT), Superloop Ltd (ASX: SLC), and Megaport Ltd (ASX: MP1) – other investors quickly followed suit. More recently, the company’s shares have weakened after announcing the acquisition of a drone-based digital asset management business Airovant LLC.

By the end of the financial year, Pointerra’s share price was far higher than the 5 cents that Mr Slattery snagged it at. Astonishingly, its shares climbed 1067% in FY21, making it a 10-bagger in the space of a year.

The post Here are the 5 best performing ASX tech shares from FY21 appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 shares moving on the market today
• The Afterpay (ASX:APT) share price is slipping today while the ASX 200 gains
• Why the Suncorp (ASX:SUN) share price is on the rise today
• Here are the 5 best performing ASX All Ords shares from FY21
• ASX 200 up 0.25%: IDP Education rockets, Westpac hit with $87m bill

Motley Fool contributor Mitchell Lawler 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 Hub24 Ltd, MEGAPORT FPO, Pointerra Limited, Praemium Limited, SUPERLOOP FPO, and Taiwan Semiconductor Manufacturing. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Life360, Inc. The Motley Fool Australia has recommended Hub24 Ltd, MEGAPORT FPO, Pointerra Limited, and Praemium 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 S&P/ASX 200 Index (ASX: XJO) finished the day up 0.59% to 7,308.6 points at the closing bell.

Let’s look at the biggest movers and shakers among ASX 200 shares today, based on trading volumes.

The ASX 200 shares that saw the most trading today

Alumina Limited (ASX: AWC)

Alumina was the most heavily traded ASX 200 share on the boards today, with a very heavy 19.96 million shares finding their way around the market.

This aluminium/alumina producer saw a fair level of volatility during today’s session.

Alumina shares opened strongly and were up more than 1.2% at one point. But by close of trade, the company had given up all of those gains to finish at $1.63 — the same closing price as yesterday.

Telstra Corporation Ltd (ASX: TLS)

Telstra was another top volume ASX 200 share today. A substantial 19.25 million shares traded hands but the price only moved 0.8% up to $3.79.

This ASX 200 share has had a heck of a week. Telstra shares rocketed 4.6% on Wednesday to hit a new 52-week high and remain up 5.42% over the past 5 trading days.

Telstra’s Wednesday announcement that it will be selling off half of its mobile towers business seemed to be the underlying catalyst here.

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price had a fantastic day, gaining a robust 5.16% to finish the session at $6.52. This is probably why 12.46 million shares were traded.

As my Fool colleague covered this morning, A2 has been the recipient of some broker love recently, which might have contributed to this large trading volume, too.

The A2 Milk share price is still down 43% year to date, but it’s also up more than 27% since its most recent low on 19 May.

A non-ASX 200 honourable mention

Although 88 Energy Ltd (ASX: 88E) is not an ASX 200 share, it is still worth mentioning today. Why? Well, because a mind-boggling 597.7 million 88 Energy shares were traded today.

This probably contributed to the 88 Energy share price shooting up by close to 40%, which I invite you to read all about!

The post 3 ASX 200 shares moving on the market today appeared first on The Motley Fool Australia.

More reading

• ASX blue chips set to unleash buybacks and dividends! But which is better?
• Brokers name 3 ASX shares to buy today
• The Afterpay (ASX:APT) share price is slipping today while the ASX 200 gains
• Why a2 Milk, Chalice Mining, IDP Education, & Imugene are charging higher
• Why the Suncorp (ASX:SUN) share price is on the rise today

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited and A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended A2 Milk. 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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One big positive in this low interest rate environment is that the share market is home to shares offering generous yields.

Two such shares are listed below. Here’s why they could be dividend shares to buy:

National Australia Bank Ltd (ASX: NAB)

If you’re looking for exposure to the banking sector, then you might want to look at NAB. While times have been hard for the big four banks in recent years, things are looking very different now.

Thanks to improving trading conditions, a booming housing market, and cost cutting, NAB’s outlook is arguably the most positive it has been in a long time.

It is for this reason that analysts at Goldman Sachs currently have a conviction buy rating and $29.97 price target on the bank’s shares. NAB remains the broker’s preferred sector exposure due to its cost management initiatives, its position as the largest business bank, and its strong capital position.

Combined, the broker believes NAB is in a position to grow its dividend at a solid rate over the coming years. It is forecasting fully franked dividends per share of 124 cents in FY 2021, 133 cents in FY 2022, and $1.38 in FY 2023.

Based on the current NAB share price of $26.23, this will mean yields of 4.7%, 5.1%, and 5.3%, respectively.

Sydney Airport Holdings Pty Ltd (ASX: SYD)

Goldman Sachs is also positive on Sydney Airport. Although the airport operator has been hit hard by the pandemic, the broker believes it is worth sticking with it.

The broker notes that the airport operator remains in an effective hibernation and expects it to be a major beneficiary of the Australian domestic inoculation strategy.

And while it isn’t expecting much by way of dividends this year, Goldman believes this will change in the years to come. The broker is forecasting dividends per share of 9 cents in FY 2021, 27 cents in FY 2022, and then 31 cents in FY 2023.

Based on the current Sydney Airport share price of $5.81, this will mean yields of 1.5%, 4.6%, and 5.3%, respectively, over the coming years. Goldman Sachs has a buy rating and $6.73 price target on the company’s shares.

The post Broker names 2 ASX dividend shares to buy appeared first on The Motley Fool Australia.

More reading

• 3 worst ASX travel shares of financial year 2021
• Why the NAB (ASX:NAB) share price remained flat in June
• Is your money safe in Commonwealth Bank (ASX:CBA) shares right now?
• ASX bank shares weigh up $34 billion dosh-dishing decision
• ASX 200 down 0.9%: Big four banks drop, Metcash charges higher

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 Bruce Jackson.

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