• Aegon’s fate on ‘House of the Dragon’ is left unclear — here’s how he dies in the books

    tom glynn-carney as aegon targaryen in house of the dragon, standing at the head of the small council table in dark clothes. he looks intent, with both hands resting on the table
    Tom Glynn-Carney as Aegon Targaryen in season two, episode four of "House of the Dragon."

    • Aegon suffers a pretty bad fall in the latest episode of "House of the Dragon."
    • It's unclear if Aegon is alive at the end of season 2, episode 4, but the book gives some clues.
    • Here's where Aegon stands in the show, and what happens to him in "Fire in Blood" — spoilers ahead, obviously.

    Warning: Spoilers ahead for season two, episode four of "House of the Dragon," and the book "Fire and Blood."

    "House of the Dragon" finally stopped pulling its punches in episode four, and it's time for all-out war.

    That's right: dragons are finally on the table in the war between Rhaenyra Targaryen and her half-brother, Aegon II, over the Iron Throne. The show reached the Battle of Rook's Rest, an event from source material "Fire and Blood" that exacts a heavy toll. Instead of predictably heading to seize Harrenhal from Prince Daemon, Ser Criston Cole leads his forces instead to Rook's Rest. It's seemingly a ploy to lure one of Rhaenyra's dragons out, and it works: Rhaenyra sends Princess Rhaenys and her dragon Meleys, the "Red Queen."

    Unfortunately for Criston Cole and Aemond, his partner in crime, Aegon chooses that moment to take charge, flying into the battle on his dragon Sunfyre. The episode leaves Aegon's fate ambiguous — but we can look to "Fire and Blood" for clues. If you care about book spoilers (and, in turn, potential show spoilers), turn back.

    tom glynn-carney as aegon in house of the dragon, wearing a black tunic, large gold chain necklace. his blonde hair is worn shoulder length, and he's illuminated from the back by a torch
    Tom Glynn-Carney as Aegon Targaryen in "House of the Dragon."

    Aegon chooses the wrong moment to play the hero

    All in all, Criston and Aemond had a pretty good plan: attack Rook's Rest, a castle close in proximity to Dragonstone, lure one of Rhaenyra's dragons out, and destroy them with Vhagar, Aemond's gigantic mount.

    But Aegon is far more spurned, and far more foolish, than either of them planned. And when he arrives on the battlefield with Sunfyre, it's immediately clear that Rhaenys and Meleys have him outmatched. Meleys grievously wounds Sunfyre before Vhagar even enters the battlefield.

    But Aemond isn't there to save his brother. In fact, this might even be an opportunity to take him out along with one of Rhaenyra's most powerful allies. While Meleys has Sunfyre pinned in the air, Aemond orders Vhagar to set fire to them all, and Sunfyre and Aegon plummet into the forest.

    After the battle's dismal conclusion, Ser Criston seeks Aegon out. Aemond has beat him to the crash site, and what they find isn't pretty: Aegon lies limp on the ground, surrounded by a smoking, groaning Sunfyre.

    But in episode three, Aegon dons a set of Valyrian steel armor that he says belonged to Aegon the Conqueror. It's this armor that he appears to wear to the battle.

    We know from "Fire and Blood" that "common fire" cannot melt Valyrian steel. In the book, Vhagar lights Aegon the Conqueror's funeral pyre, which incinerates his body but leaves his Valyrian steel blade, Blackfyre, unharmed. In turn, we'll have to see how it holds up to a full-on dragon blast.

    tom glynn-carney as aegon on house of the dragon, looking forlorn while wearing a dark metal armor. he's speaking with larys strong,
    Aegon, in Aegon the Conqueror's armor.

    Aegon and Sunfyre survive in the book… but they're pretty beat up

    In "Fire and Blood," Meleys, Vhagar, and Sunfyre all clash during the battle of Rook's Rest. The dragon fight ends when Vhagar fallls onto Meleys and Sunfyre from above, killing Meleys and Rhaenys. Sunfyre and Aegon, however, survive.

    They're not in great shape, though. One of Sunfyre's wings is half-ripped off his body, grounding him near the castle. According to the book, he remains there, consuming the corpses from the battle, and later livestock brought by Ser Criston.

    Aegon sustains a broken hip as well as broken ribs. His burns were also severe, and his armor melted into the skin of his left arm.

    Martin writes in "Fire and Blood" that Aegon's "burns brought him such pain that some say he prayed for death." His injuries force him into a yearlong bedrest, being attended to by the maesters and sleeping through the pain. Obviously, that means that he's unfit to rule, and Aemond assumes his duties as Prince Regent.

    tom glynn-carney as aegon targaryen in house of the dragon. he's sitting in a high backed chair, playing with a steel dagger, and looking across a table
    Tom Glynn-Carney as Aegon II Targaryen in "House of the Dragon" season two.

    Aegon and Sunfyre do eventually die, though

    Later in the war, a small force loyal to Rhaenyra takes back Rook's Rest and attempts to kill Sunfyre. They do not succeed, but shortly after, Sunfyre is nowhere to be found.

    When Rhaenyra takes King's Landing, Aegon is gone, as are his remaining children, Jaehara and Maelor. According to one historical record referenced in "Fire and Blood," Larys Strong smuggled them out of the city, setting Aegon aboard a fishing boat bound for Dragonstone.

    Aegon hides there until Sunfyre makes his way to the island after disappearing for half a year, his wing healed enough to barely allow him to fly. The two begin to fly together again, and eventually, a force loyal to Aegon takes over the island. Aegon and Sunfyre are forced to fight Baela, Daemon and Laena's daughter, and her dragon Moondancer. The clash leaves Moondancer dead, Sunfyre unable to fly again, Aegon with two broken legs after jumping out of the saddle, and Baela taken prisoner.

    But it also leaves Aegon in possession of Dragonstone. When Rhaenyra arrives, he promptly feeds her to his dragon, Sunfyre. Shortly after, Sunfyre dies.

    Aegon returns to King's Landing after his mother Alicent strikes an accord with Lord Corlys Velaryon, lifting the Velaryon blockade that prevented his return. There, he sits not on the Iron Throne but on a seat at its steps, as a result of his broken legs.

    The King then seeks revenge on those who acted against him during the war, forcing lords in the surrounding crownlands to submit to him. But while Aegon's council frets over how to quell the coming rebellion from across Westeros, Aegon is preoccupied with matters of succession: he wishes to marry Lady Cassandra Baratheon and produce new heirs. (In the book, Aegon's sister-wife Helaena dies by suicide after the death of their son Maelor.) Similarly, he wants to prevent the betrothal of his daughter Jaehaera to Rhaenyra's son, Aegon the younger, so as to finish off Rhaenyra's bloodline.

    Eventually, with armies encroaching on King's Landing, Aegon is poisoned while being carried in his litter to the Sept via a cup of laced wine.

    "House of the Dragon" season two airs Sundays at 9 p.m. ET on HBO and is streaming on Max.

    Read the original article on Business Insider
  • Paramount Global agrees to merge with Skydance: reports

    Shari Redstone
    Media heiress Shari Redstone has been in talks to sell her controlling stake in Paramount Global to Skydance Media since the beginning of the year, The New York Times reported.

    • Paramount Global's board approved a merger with Skydance on Sunday, multiple outlets reported.
    • This marks the end of a tumultuous deal process and a new era for the troubled media giant.
    • Paramount earlier this year announced layoffs, signaling troubling times in the media landscape.

    Paramount Global, the troubled media giant that owns CBS and Nickelodeon, has agreed to merge with David Ellison's Skydance Media production company, according to multiple reports.

    Two people familiar with the deal told The New York Times that Paramount's board agreed to the merger on Sunday.

    Spokespeople for Paramount and Skydance did not immediately return a request for comment from Business Insider.

    The merger marks the end of a shaky dealmaking process and a new chapter for Paramount, which has faced headwinds amid a shifting media landscape.

    Paramount has struggled in recent years to adapt to a generation of viewers going digital, as BI's Peter Kafka previously noted. Even amid the digital shift, Paramount continued to make all of its profit in 2023 solely from traditional TV networks, according to Bloomberg.

    In February, the company announced a layoff of 800 employees worldwide despite seeing record-number viewerships during Super Bowl LVIII across its networks and streaming platform, Paramount+.

    The layoffs occurred shortly after Paramount became an acquisition target late last year. The company had discussed potential mergers with Warner Bros. Discovery CEO David Zaslav, producer Byron Allen, and private equity firm Apollo, among others.

    But Shari Redstone, the media heiress who owns a controlling stake in Paramount Global through her holding company National Amusements, particularly preferred a deal with Skydance because the merger would keep Paramount intact, CNBC reported.

    Talks with the production studio — which helped make blockbuster hits like "Mission: Impossible — Ghost Protocol" and is owned by the son of Oracle cofounder Larry Ellison — have been ongoing since at least the beginning of the year, according to The Times.

    While Redstone was drawn to a merger with Skydance, negotiations took several turns in the following months, with a deal nearly killed in June by Redstone's lawyers, the Times reported.

    According to The Wall Street Journal, the deal was revived on Tuesday when the Redstone family made a preliminary agreement to sell National Amusements to Skydance.

    Read the original article on Business Insider
  • Are Macquarie or CBA shares a better buy?

    a couple consider the advice from a man with documents laid out on a table and the man holding a tablet in his hand.

    Investors who have owned Macquarie Group Ltd (ASX: MQG) and Commonwealth Bank of Australia (ASX: CBA) shares have enjoyed the benefits of positive long-term investments.

    CBA is known as the biggest bank in Australia, and it has an impressive position in the Australian home lending space.

    Macquarie’s business has four different segments: asset management, investment banking, commodities and global markets (CGM), and a retail bank providing banking and loans.

    But let’s compare the ASX bank shares in three different areas – valuation, dividend yield and potential growth — to find out which is a better buy right now.

    Macquarie and CBA share price valuation

    The price/earnings (P/E) ratio isn’t everything, but the earnings multiple can tell us if one business is trading more expensively than another within the same sector. Or, the change in a company’s own P/E ratio can tell us if it’s cheaper or more expensive than it used to be.

    Using the estimates from the broker UBS, the Macquarie share price is valued at 19x FY25’s estimated earnings and 18x FY26’s estimated earnings.

    In comparison, the CBA share price is valued at close to 22x FY25’s estimated earnings and 21x FY26’s estimated earnings.

    On the above numbers, Macquarie shares are trading more expensively than CBA shares.

    Potential growth

    CBA’s operational activities focus largely on lending to households and businesses in Australia and New Zealand. The bank has been pushing to grow its business lending, which was 1.1x the overall Australian system for the three months to March 2024. However, CBA’s home lending was only 0.7x the system.

    CBA and many of the domestic ASX bank shares are currently suffering from high levels of competition in the sector. This is impacting net interest margin (NIM) and limiting growth. CBA’s quarterly cash net profit was down 5% year over year to around $2.4 billion.

    In contrast, Macquarie is growing its market share and challenging the major players. I’ll also point out that Macquarie makes a significant amount of its earnings internationally. The company has the option to allocate attention and capital to whichever market it thinks it can make the best returns from.

    Macquarie has also been looking to tap into areas like renewable energy, which is a big area of potential investment in the coming years as the world looks to decarbonise.

    According to UBS, Macquarie’s earnings per share (EPS) are expected to grow by 33% between FY25 and FY28. However, CBA’s EPS is only expected to grow by 4% between FY25 and FY28.

    I think Macquarie shares offer much more earnings growth potential, so I’d buy shares of the investment bank over CBA shares.

    Dividend yield

    Capital growth could account for the majority of future returns for both businesses, but the dividend return is also an important part of the picture.

    According to the independent forecasts on Commsec, owners of CBA shares are expected to receive a fully franked dividend yield of just under 3.6% in FY25 and just over 3.6% in FY26.

    Owners of Macquarie shares are projected to receive a partially franked dividend yield of 3.4% in FY25 and 3.7% in FY26. Macquarie’s projected superior earnings growth could lead to a better dividend yield.

    The post Are Macquarie or CBA shares a better buy? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Commonwealth Bank Of Australia right now?

    Before you buy Commonwealth Bank Of Australia shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Commonwealth Bank Of Australia wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Why is the BHP share price starting the week with a whimper?

    a mine worker holds his phone in one hand and a tablet in the other as he stands in front of heavy machinery at a mine site.

    The BHP Group Ltd (ASX: BHP) share price is sliding today.

    Shares in the S&P/ASX 200 Index (ASX: XJO) mining giant closed Friday trading for $44.39. In late morning trade on Monday, shares are changing hands for $43.82 apiece, down 1.3%.

    That sees the big Aussie miner trailing the benchmark, with the ASX 200 down a lesser 0.4% at this same time.

    It’s not just the BHP share price that’s underperforming though. Fortescue Metals Group Ltd (ASX: FMG) shares are down 1.9%, while Rio Tinto Ltd (ASX: RIO) shares are down 1.5% at this same time.

    Here’s why the ASX 200 miners are battling headwinds today.

    Why is the BHP share price underperforming on Monday?

    Most of the selling pressure impacting BHP, Rio Tinto, and Fortescue today appears to be due to the 3% decline in the iron ore price over the weekend. After defying bearish expectations and climbing for most of the first week of July, the iron ore price dipped back to just over US$110 per tonne.

    The reason once more looks to be driven by concerns that China’s sluggish, steel-hungry property markets have yet to regain any solid growth traction. Coupled with news of growing iron ore stockpiles at China’s largest ports, iron ore traders have been favouring their sell buttons.

    With iron ore counting as BHP’s biggest revenue earner, the BHP share price is joining in that sell-down today.

    Indeed, over the half-year to 31 December, the miner reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$9.7 billion from its iron ore division alone.

    In its half-year report, released on 20 February, BHP estimated it will produce between 254 million and 264.5 million tonnes of iron ore in FY 2024.

    So any pull back in demand from China, the world’s biggest consumer of iron ore, is going to have an impact on the BHP share price.

    The miner addressed its own cautious outlook for Chinese iron ore and other commodity demand earlier this year, stating:

    The Chinese economy has been volatile since the zero-COVID policy was eased in December 2022…

    Throughout the year authorities have acknowledged that additional policies will be needed to support China’s economic recovery. For the balance of FY24 and into FY25, the key question remains how effective the policy push will be. Until we see greater coherence between the policies and their effective implementation, our outlook will remain cautious and conditional.

    With today’s intraday moves factored in, the BHP share price is down 13% in 2024 but remains up 3% over 12 months.

    The post Why is the BHP share price starting the week with a whimper? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bhp Group right now?

    Before you buy Bhp Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bhp Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Bernd Struben 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.

  • This ASX mining share is surging 26% on ‘high-grade’ drilling results

    Encounter Resources Ltd (ASX: ENR) shares are catching the eye of investors on Monday.

    At one stage, the ASX mining share was up as much as 26% to a new high of 92 cents.

    The niobium explorer’s shares have eased back a touch since then but remain up 16% to 85 cents at the time of writing.

    Why is this ASX mining share surging?

    The catalyst for today’s gain has been the release of drilling results from the Aileron project in Western Australia.

    According to the release, aircore drilling has intersected further shallow, high-grade mineralisation at the West Arunta-based project.

    At the Crean target, continuous near-surface carbonatite was intersected across the four aircore drill lines completed to the west of previous drilling. Previously reported assay results from the most western aircore drill line returned shallow high-grade niobium mineralisation.

    Management notes that mineralisation at Crean is strongest on the two western sections. Pleasingly, it remains open to the west. As a result, the aircore drill rig has now returned to Crean to complete 200m spaced drill lines to extend this high-grade, near surface mineralisation further to the west.

    Over at the Emily target, as a reminder, fifteen widely spaced reverse circulation holes were completed by the ASX mining share late last year. Emily is centred on a magnetic low on the Endurance Fault, which is northwest of the world class Luni discovery owned by WA1 Resources Ltd (ASX: WA1).

    Management advised that 10 of the 15 reconnaissance holes intersected carbonatite. The carbonatite at Emily is variably anomalous in niobium and rare earth elements (REE) with shallow, high-grade niobium-REE intersected in two adjacent holes 400m apart.

    Its latest aircore drilling tested the north-south extent mineralisation intersected previously. The good news is the first assays received from Emily returned shallow, high-grade niobium-REE mineralisation north and south of there. Additional aircore drilling at Emily will be completed in July/August to establish strike extent of the high-grade mineralisation identified.

    The ASX mining share’s executive chairman, Will Robinson, commented:

    Aircore drilling is defining new belts of shallow niobium-REE carbonatite hosted mineralisation in the West Arunta. Highly enriched, near surface mineralisation has now been intersected at both the Crean and Emily targets which are located on separate structures at Aileron, over 10km apart. The aircore rig is currently completing further drill sections at the western end of Crean and will then return to Emily and Green.

    The post This ASX mining share is surging 26% on ‘high-grade’ drilling results appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Encounter Resources Limited right now?

    Before you buy Encounter Resources Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Encounter Resources Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    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.

  • Is the FY25 outlook compelling for AMP shares?

    Modern accountant woman in a light business suit in modern green office with documents and laptop.

    AMP Ltd (ASX: AMP) shares have not performed well compared to the S&P/ASX 200 Index (ASX: XJO). In the 12 months to 30 June 2024, AMP shares fell by 2.6%, as shown on the chart below, while the ASX 200 rose by 7.8%. Therefore, the ASX financial share underperformed by over 10%.

    Of course, it’s important to note that AMP’s financial year follows the calendar year, so while the Australian 2024 tax year is over, AMP still has another six months of its FY24 to go.

    AMP has been facing headwinds in recent times from banking competition and a shifting environment in the financial advice space. Analysts are not expecting a spectacular recovery for the company, but have suggested it could see profit slowly climb.

    Before considering the outlook for the next 12 months or so, let’s review the latest financial updates from AMP.

    Earnings recap

    In the FY23 result, which was released in February 2024, AMP said its underlying net profit after tax (NPAT) grew by 6.5% to $196 million. It also paid a 2023 final dividend per share of 2 cents.

    AMP Bank said its underlying NPAT was $93 million, down from $103 million in FY22. The decline was due to a weaker net interest margin (NIM) compression and growth moderation. Its platforms’ underlying NPAT of $90 million was higher than FY22’s $65 million. The advice underlying net loss was $47 million, an improvement of 30.9%.

    In mid-April, the business revealed its quarterly update for the three months to March 2024.

    It said AMP Bank’s total loan book was $23.5 billion at March 2024, down from $24.4 billion in the fourth quarter of 2023. AMP Bank total deposits grew to $21.4 billion, up from $21.3 billion in the 2024 fourth quarter.

    Platforms net cash flows were $201 million, up 32% year over year. North inflows from independent financial advisers (IFAs) increased 22% year over year to $544 million. Platforms assets under management (AUM) increased to $74.3 billion, up from $71.1 billion in the fourth quarter of 2023.

    AMP also said its superannuation and investments AUM increased to $54.1 billion, up from $51.9 billion in the fourth quarter of 2023, with net cash outflows reducing to $371 million (down from $610 million of net cash outflows in the first quarter of 2023).

    Finally, New Zealand wealth management net cash outflows were $5 million, while AUM increased to $11.2 billion.

    Outlook for FY24 and FY25 for AMP shares

    At the time of the 2024 first quarter update, AMP Chief Executive Alexis George said:

    We are navigating the headwinds faced by AMP Bank by carefully managing our loan and deposit books, to help address margin pressures. We are making good progress on the development of our digital small business and consumer bank offer, launching in Q1 25, to lessen funding risks over the medium term by broadening the customer base and introducing a compelling transaction account offer that will help diversify and build deposits.

    Our wealth management businesses, Platforms, Superannuation & Investments and New Zealand, benefited from the positive investment markets, while in Australia pension payments increased as we continue to see the impact of the lifting of minimum drawdown limits that came into effect in July 2023.

    In terms of projections, UBS forecasts AMP to make a net profit of $220 million in FY24 and pay a dividend per share of 5 cents.

    The broker predicts AMP’s net profit can rise by 15% to $253 million in FY25. According to UBS, AMP shareholders are forecast to receive a dividend per share of 7 cents in FY25.

    UBS calls AMP shares a sell, with a price target of 98 cents.

    The post Is the FY25 outlook compelling for AMP shares? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Amp Limited right now?

    Before you buy Amp Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Amp Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    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 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.

  • Buy this ASX tech stock with a $600b opportunity

    If you’re wanting to invest in the tech sector, then you may want to consider Hub24 Ltd (ASX: HUB) shares.

    That’s the view of analysts at Bell Potter, which see value in the investment platform provider’s shares and a huge long-term growth opportunity.

    What is the broker saying about this ASX tech stock?

    Firstly, if you’re not familiar with the company, it is a specialist investment platform provider with over $100 billion in funds under administration (FUA). The vast majority of this relates to custodial services that provide financial intermediaries with a consolidated way to acquire, hold, and administer a broad range of investments.

    Last week, Bell Potter initiated coverage on the ASX tech stock with a buy rating and $53.20 price target.

    Based on its current share price of $46.88, this implies potential upside of approximately 13.5% for investors over the next 12 months.

    Commenting on its initiation, the broker said the following:

    We initiate on HUB with a Buy recommendation and a Target Price of $53.20 p/s. Our favourable investment view is supported by: (1) changes in advice, with investment professionals shifting away from institutionally owned platforms while seeking comprehensive technology solutions; (2) single digit market share and leading capital flows; and (3) increases to the super guarantee contribution and rollovers into self-managed super funds.

    $600 billion opportunity

    Bell Potter highlights that the area of the market that Hub24 operates is suffering from a lack of investment in technology. In light of this, it sees Hub24 as well-positioned to capture an estimated $600 billion in FUA from incumbents on legacy systems. It adds:

    Traditional Dealer Group attrition and a decade of underinvestment in technology has been a tailwind for specialist platform providers. Incumbents with legacy systems have ~$600bn in total FUA that could be redistributed in the medium-term. Adviser ratings recognised HUB as the best functional platform for the second consecutive year and we see this as an opportunity to upsell on capital flows.

    So, with this ASX tech stock having such a bright future and trading at a discount to rival Netwealth Group Ltd (ASX: NWL), it feels now is the time for investors to invest. Bell Potter concludes:

    Netwealth is trading on a blended 1 year forward EV/EBITDA of 32.9x with lower forecast FUA and mature EBIT margins. We don’t believe HUB’s trading discount of ~26% is justified and see the potential for it to rerate, predicated on superior technology, recurring revenue growth and operating leverage.

    The post Buy this ASX tech stock with a $600b opportunity appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Hub24 Limited right now?

    Before you buy Hub24 Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Hub24 Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    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 positions in and has recommended Hub24 and Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool Australia has recommended Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Core Lithium share price leaps 9% as results catch short sellers by surprise

    Female miner standing smiling in a mine.

    The Core Lithium Ltd (ASX: CXO) share price is soaring higher today.

    Shares in the All Ordinaries Index (ASX: XAO) lithium stock closed Friday trading for 9.1 cents. In morning trade on Monday, shares are swapping hands for 9.9 cents apiece, up 8.8%.

    For some context, the All Ordinaries Index (ASX: XAO) is down 0.2% at this time.

    This outperformance follows the release of the lithium miner’s preliminary results for FY 2024, which caught a raft of short sellers wrong-footed today.

    Here’s what the company just reported.

    Why is the Core Lithium share price surging?

    Investors are bidding up the Core Lithium share price on Monday after the company revealed it had exceeded its FY 2024 production guidance. Over the 12 months, Core produced 95,020 dry metric tonnes (dmt) of spodumene concentrate and shipped 97,423 dmt.

    That tops management’s revised guidance of 90,000dmt-95,000dmt of production. And the spodumene concentrate sales exceeded revised guidance of 80,000dmt-90,000dmt.

    This was aided by the quarter just past, which saw record shipments of spodumene concentrate of 33,027 dmt, atop of 19,771 dmt of lithium fines.

    Lithium fines sales in FY 2024 came in at 66,140 dmt.

    And the balance sheets took a turn for the better, with Core Lithium reporting an unaudited cash balance of $87.6 million at 30 June, up from $80.4 million at the end of March. The company has no debt.

    The miner said it will now pause its Finniss operations, with restart assessments currently underway. It will now prioritise the safe preservation of the Finniss assets in a restart ready state.

    Core is also preparing to commence drilling programs at Shoobridge, Finniss and Napperby. Results of that drilling campaign are expected in the coming months.

    What did management say?

    Commenting on the results sending the Core Lithium share price soaring today, CEO Paul Brown said, “I would like to commend the team on the operational performance in FY24, particularly the safe and orderly cessation of production activities at Finniss while achieving record production and shipments.”

    Brown added:

    Our commitment is to judiciously protect our balance sheet by reducing costs across the organisation and making prudent investments in our assets where we believe it can grow shareholder value.

    Central to this is putting Finniss in a position where operations can rapidly resume with minimal capital. This would only occur when we are confident the lithium market conditions support such a decision.

    Our strategic focus will be on making Finniss a more robust operation in the future, and exploration is a key enabler of this.

    In FY 2025, we will be drill testing priority targets around Finniss, potentially adding meaningful life to future lithium mining operations. We will also be advancing earlier stage, low multi-commodity exploration activities within our Northern Territory landholding to demonstrate the value in these projects.

    Our business will stay agile and prepared for future opportunities, both within the company and externally, as they arise.

    Core Lithium share price snapshot

    Despite today’s bounce, the Core Lithium share price remains down 89% over 12 months.

    The post Core Lithium share price leaps 9% as results catch short sellers by surprise appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Core Lithium Ltd right now?

    Before you buy Core Lithium Ltd shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Core Lithium Ltd wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Bernd Struben 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.

  • A 5-day vacation in Bali 13 years ago changed his entire career plan. Now, he’s married with 2 kids and calls the island home.

    A lounge chair is positioned in front of glass doors that overlook the pool.
    Glass doors let natural light into the home.

    • Simen Platou fell in love with Bali, Indonesia, during a 5-day vacation.
    • Those days stretched into 6 months, and eventually, he decided the island was where he wanted to live.
    • It's been 13 years since he left Norway, and he doesn't think he'll move back anytime soon.

    It's been 13 years since Simen Platou moved to Bali from Norway, and he remembers his first visit to the Indonesian island clearly.

    Back then, he was doing an internship in Vietnam, and a group of Indonesian couch surfers who were living with him planted the idea of visiting Bali in his head.

    Intrigued by their stories, Platou decided he wanted to see the island for himself. A week before he was due to depart for Bali, Platou realized he wasn't enjoying his internship at all.

    So he quit, hopped on the flight, and never looked back.

    A man, woman, and two kids smiling for the camera.
    Simen Platou with his wife Jennifer and their two kids.

    "It was before social media and everything, I didn't know anything about Bali at all. I had never seen a picture of Bali. I didn't know that Westerners even lived here," Platou, 38, told Business Insider. "But when I realized that it was a possibility, it just completely changed my whole outlook."

    What was meant to be a five-day vacation stretched into six months. Platou then returned to Norway to start his master's degree in finance, sticking to the original plan he had set for himself.

    But after six months in Norway, the allure of Bali was too hard to resist, and Platou never did complete his master's.

    "I decided I wanted to be here in Bali instead," he added.

    Finding a place in Bali

    A view of the pool and the exterior of a villa as viewed from the second floor.
    The exterior of the villa.

    When Platou first started living in Bali in 2011, he stayed in a communal home in Kuta, a region near the south of the island. Known for its surf scene, Kuta was also one of the first tourist developments in Bali.

    "I had a fan and a shared bathroom with four other people," Platou said. He said he paid 1 million Indonesian rupiah, or $60, a month for the room.

    In 2014, as other parts of Bali slowly developed, Platou moved further north to Kerobokan — an area sandwiched between Seminyak and Canggu — where he still lives, now with his wife and two kids.

    The sofa takes prime position in the living room.
    The sofa in the living area.

    His three-bedroom house is a leasehold property on a 20-year lease.

    He first leased it for two years at 170 million Indonesian rupiah, before renewing his lease for another two years at the same amount. He's since extended his lease for another 15 years — until 2034 — at 370 million Indonesian rupiah for every five years.

    This averages out to 6.04 million rupiah, or about $370, a month.

    Platou's two-story villa is tucked away in a quiet street, next to three other villas owned by the same landlord.

    The open-plan living and dining area.
    The open-plan living and dining area.

    On the first floor, there's an open-plan living and dining area, a kitchen, and a home office. Upstairs, there's a TV room and two bedrooms.

    "One is meant to be the kids' bedroom while the other is supposed to be my and my wife's room, but now I'm sleeping with my daughter, and my wife is sleeping with my son," Platou said.

    The wooden table sits six.
    The dining table.

    The property was brand new when he moved in, but it's been renovated twice over the past few years in order to accommodate his growing family.

    "When I moved in, I never thought that I was going to have a family here and everything, so we kind of done it as we've gone along," he said.

    The baby fence around the pool and the new doors that close in their first-floor living space are fairly new additions.

    A lounge chair by the kitchen counter.
    A lounge chair by the kitchen counter.

    "Before that, we had no AC in here," Platou added.

    The house wasn't built with the best materials, which caused things in the house to deteriorate quickly, he said.

    Even though he doesn't own the property, Platou says that he's paid for everything that he's changed — from the water pump to the kitchen — out of pocket.

    A white sofa sits in the living room on the upper floor of their villa.
    A sofa on the upper floor of their villa.

    "I am OK with that because I spend so much time here and because I've locked in the rent so early that it's relatively cheap, so it's still worth it," he said.

    Although he has another 10 years left on his lease, he's hoping to build a new house elsewhere for his family soon.

    Embracing a slower pace of life

    Platou's done a lot of different things since he moved to Bali, from starting his own clothing business to doing marketing for insurance companies.

    The kids' room is colorful and filled with murals.
    The kids' room.

    In the past couple of years, Platou's been investing in real estate. He's currently completing two holiday villa rentals in Pererenan, near Canggu.

    As an entrepreneur, Platou says he loves the flexibility in Bali.

    "I work for myself, and I can work whenever I want to, but the best thing about Bali is that everyone else does it too," Platou said. This is different from what life was like in Norway.

    A bed by the kids' sleeping area.
    Platou and his wife sleep with their kids.

    "With my work hours in Norway, I wouldn't have anyone to hang out with," Platou said. "Even when I go there in the summer, the friends that don't have vacation, we can't meet up — it doesn't matter that I have time off. But here, everyone has similar schedules so it's easy to gather."

    It's also easy for him to meet new people who have similar interests.

    "Moving here as an adult, I think it would be easy as long as you put yourself out there a little bit," Platou said. "I feel like here, if you want to meet people, you'll meet people."

    One of the bathrooms in the house.
    One of the bathrooms in the house.

    It also helps that the expat community in Bali is large, Platou said that many others he's met along the way have the same attitude toward making friends and letting new people in.

    Like many locals, Platou has a motorbike that he uses to get around the island quickly. And it's another contributor to his social life.

    "If I'm going to meet up with a friend, it's easy for me to go anywhere. In Norway, it's like I have to check what time the metro runs and how far the walk is on each side," he said.

    The pool.
    There's a child fence around the pool.

    But the best part of Bali has, by far, been the people, he said.

    "I've always experienced people's willingness to help," Platou said. "When I first started my clothing line here, I didn't know anything about production or design. But all the people I met were just so helpful. They took me to factories, showed me how to do it, and let me sell stuff in their stores. I think in other places people would probably be a bit more competitive."

    Bali is continuing to change

    Platou has a word of caution for those who want to move to Bali. Because of how quickly the island is developing, it may look and feel different from what people expect.

    "You have to be a little bit mindful of your long-term plans. So don't build a villa rice field view because it could be gone in six months.

    Lastly, the island has more to offer than popular tourist spots such as Canggu and Seminyak, he said.

    "I think a lot of people when they come here, expect the tropical life but end up moving to what is now a semi-city," Platou added.

    Have you recently built or renovated your dream home? If you've got a story to share, get in touch with me at agoh@businessinsider.com.

    Read the original article on Business Insider
  • Could this ASX dividend share offer a huge 11% yield in 2026?

    A strong female athlete powers up as she runs and leaps into the air.

    Accent Group Ltd (ASX: AX1) is a leading shoe retailer, but it’s also usually an impressive ASX dividend share. In 2026, it’s projected to have a very large dividend yield.

    This business acts as the distributor for a number of global shoe brands including Vans, Hoka, Kappa, Skechers, Herschel, Sebago, Merrell, CAT, Saucony, Dr Martens, Palladium, Ugg, Autry, Superga and Timberland.

    It also owns several businesses, including The Athlete’s Foot, Nude Lucy, Article One, Stylerunner, Lulu and Rose, Platypus, Glue Store, and Hype.

    Due to its retail nature, the business usually trades on a relatively low price/earnings (P/E) ratio, which can enable a fairly high dividend yield.

    Huge projected dividend yield

    Accent’s FY24 result may show some disappointing year-over-year profit numbers because of the weak consumer environment at the moment. Households don’t have as much to spend at the moment because of high interest rates, high rent and inflation of other costs.

    However, conditions could start improving in FY25 and rebound in FY26, according to the projections on Commsec.

    The ASX dividend share is predicted to pay an annual dividend per share of 12.2 cents in FY24. That’d be a grossed-up dividend yield of 9.4%.

    In 2025, owners of Accent shares could receive a dividend per share of 13.5 cents. If that projection comes true, it will equate to a grossed-up dividend yield of 10.4%.

    Then, in 2026, the company could pay an annual dividend per share of 15 cents. Incredibly, that implies a possible grossed-up dividend yield of 11.5%. There aren’t many S&P/ASX 300 Index (ASX: XKO) shares that are projected to pay a dividend yield of more than 10% in FY26.

    Can the ASX dividend share’s earnings grow?

    FY24 is likely to be a fairly weak report, but I think there could be positives to focus on regarding the future.

    Australian inflation has reduced compared to last year, which could mean that Accent’s costs, like rent and wages, stop increasing as fast in FY25 and FY26.

    One of the main drivers of Accent’s earnings for the foreseeable future is its ongoing store rollout. It reached 888 stores in the FY24 first half and planned to open at least 20 new stores in the second half of FY24.

    The company sees a continued store rollout opportunity “in both its core banners and new businesses.” The ASX dividend share also believes there is a “significant growth opportunity” with its online sales as well.

    Pleasingly, the underlying gross profit margin continues to improve, which can support the other profit margin levels.

    Another positive for Accent is that its total ‘owned’ sales in the year to date to the end of January were up 1.6%.

    According to the estimate on Commsec, the Accent share price is valued at just 11x FY26’s estimated earnings.

    The post Could this ASX dividend share offer a huge 11% yield in 2026? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Accent Group Limited right now?

    Before you buy Accent Group Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Accent Group Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Tristan Harrison has positions in Accent 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 recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.