• I moved back to the US after 25 years in the UK. People abroad were more polite than Americans, but I never quite fit in there.

    Woman wearing a hat is standing with UK nature in the background
    Dana Mayer moved back to the US after 25 years in the UK.

    • Dana Mayer moved back to the US after living in the UK for 25 years.
    • She used to get frustrated by the British tendency to accept mediocrity.
    • Now, she cringes when Americans demand a free meal because their drinks arrive five minutes late.

    I wasn't prepared for how much the US had changed when I moved back. I'd been living in the UK for 25 years, but when the pandemic kicked off in March 2020, I decided it was time to go home.

    It wasn't until returning that I realized how British I'd become and that "home" was more difficult to define. Now, after having lived almost half my life in each country, I feel equally in love with both, although for very different reasons.

    I struggled with the lack of personal space in the UK — some of that stems from the UK's population density being almost eight times that of the US per square mile, per World Bank Open Data.

    This translated into tiny homes with common walls even in the countryside and jostling for sidewalk space in the cities. It also seemed to result in a populace adverse to talking to or making eye contact with strangers in order to protect their perceived sanity.

    Size and space struck me when I returned to the US

    Fresh out of COVID quarantine, I was visiting a friend in a New York City suburb, looking around their giant kitchen with its oversized fridge. I didn't even have to go outside to their huge lawn or the wooded roads surrounding the property to feel my energy expand into what was simply more space per person.

    This is also when I spotted an enormous orange pepper on the kitchen counter that looked like a mutant interloper. Was this actually food? Was it a pepper crossed with some kind of alien Godzilla? It was so big that I took a picture. I spent the rest of the day laughing at its size.

    Although actually, the pepper was funny/not funny, just like when you first meet someone and what you initially find endearing turns out to be the most annoying thing about them.

    In keeping with the American freewheeling mentality, expansive personal space, and a business mindset that allows for growth and experimentation, the pepper was massive due to the genetic engineering of crops. This is something that until last year was banned outright in the UK, per BBC.

    In the UK, the small peppers fit into small houses, and the food was closer to its natural form due to strict food laws. Their relatively closed mindset of "we've always done it this way" actually kept their food closer to the source. However, we'll see how big their peppers get in the years ahead.

    The pandemic gave me time to reflect on a lot of things I missed about the UK — the National Health Service, the intelligent level of public discourse, and the newscasters without plastic hair. There was also the quiet dignity of the seemingly closed people who would keep you out of their inner circle until, finally, they let you in in a grounded, loyal way.

    In contrast, folks in the US often unravel their whole life story to me while standing in the Target checkout line.

    But I never quite fit in while living in the UK

    In the UK, I always felt like an outsider in some ways, especially when doing things like playing Trivial Pursuit. No matter how long I lived there, I never got most of the cultural references, because it's not where I'd grown up. I'm glad now that in the US I don't have to explain to anyone of my generation what candy corn is or who Magilla Gorilla, a 1960s cartoon, is.

    Still, I'm torn between the American expectation of excellence which can be over-the-top and relentless, and the British tendency to accept mediocrity, brush problems under the carpet, and sometimes have a more peaceful life as a result.

    When I first came to the UK, I waited tables at a tourist-trap restaurant where the food was overpriced and microwaved rubbish. When I went to the table and asked about the meal, almost every British customer replied, "It was lovely," in a shy, sheepish way.

    Years later, my British ex-boyfriend, who held a high-level management position and told people what to do all day at work, used to get embarrassed when I asked restaurant staff to please wipe the table because it was dirty. As an American I'd grown up feeling entitled to a clean table when paying for service in a restaurant. Now, I cringe when I see Americans in restaurants demanding a free meal because their drinks arrive five minutes late.

    Four years after moving back to the US, I'm grateful for the personal space, the "yes!" mentality, and the abundance of nature. But I do miss the cultivated hedgerows of the UK and the quiet, more reserved style of its people.

    And no matter how much affinity I felt with the land there, there is also some knowing and grounding with the land here, which feels like it cannot be replicated anywhere else. Perhaps because this is where I was originally rooted.

    Got a personal essay about relocating that you want to share? Get in touch with the editor: akarplus@businessinsider.com.

    Read the original article on Business Insider
  • Why are Ansell shares on investors’ radars today?

    Health professional putting on gloves.

    Ansell Ltd (ASX: ANN) shares are in focus today after the company announced it finalised a major acquisition.

    The purchase was made for all of the assets in US-listed entity Kimberly-Clark Corporation (NYSE: KMB)’s personal protective equipment (PPE) business – a deal Ansell initially announced on 8 April 2024.

    Despite the completion of this major acquisition, Ansell shares remain steady at $25.90 per share at the time of writing, flat with the previous close of $25.91 apiece. Here’s a closer look.

    Ansell shares on radar after transaction

    Kimberly-Clark is a US consumer goods giant, holding over 175 brands under its banner. Many are household names – Kleenex tissues and Huggies diapers are two examples.

    It has a market capitalisation of US$47.8 billion at the time of writing.

    The rationale behind the deal was to expand Ansell’s product portfolio and market position. The $970 million transaction will see it acquire brands like Kimtech and KleenGuard – both used for anti-contamination against bacteria and viruses.

    It also includes several manufacturing assets used in the production of gloves, masks, apparel, and eyewear.

    Financial implications

    The deal was finalised today after Ansell secured long-term debt financing to settle the balance.

    It raised US$377 million via the United States Private Placement (USPP) market. The other portion of the deal was funded through a fully underwritten institutional placement of approximately 17.8 million new Ansell shares on 8 April, where it raised $400 million at $22.45 per share.

    Since that date, these investors have made a 15% return on their money as I write.

    The new debt facility announced today will replace previous instruments Ansell was using to fund its growth. As such, management noted this should provide Ansell with financial stability going into FY 2025:

    The USPP proceeds replace the previously announced fully committed bridge facility which will no longer need to be drawn, with maturities on the notes issued ranging from 5 to 12 years and providing Ansell with long term funding certainty going into FY25.

    Outlook for Ansell shares

    Despite the size and potential impact of the acquisition, Ansell shares have not seen immediate movement in early trade on Tuesday.

    Investors might be taking a wait-and-see approach, considering the complexities and integration efforts associated with such a significant purchase.

    But analysts appear to be optimistic about the deal’s long-term benefits. According to CommSec, Anshell shares are rated as a moderate buy, with 6 buy and 6 hold recommendations, respectively.

    Ansell’s management also expects the acquisition to be beneficial. It expects revenues and earnings per share (EPS) to grow directly as a result of the move. We will just have to wait and see if this is positive for Ansell shares or not.

    The company’s full-year results for FY 2024 are set to be released on 20 August, per the announcement.

    In the last 12 months, Ansell shares have slipped over 4.5% into the red. This year to date, the stock has lifted into the green following a 6% return in the past month of trade.

    The post Why are Ansell shares on investors’ radars today? appeared first on The Motley Fool Australia.

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

    Before you buy Ansell 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 Ansell 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 Zach Bristow 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 Ansell. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • How ASX shares vs. property performed in June

    A red house cut out leaning on a piggy bank.

    Comparing shares vs. property in the final month of FY24, we saw ASX 200 shares outperform bricks and mortar in terms of asset price appreciation.

    The S&P/ASX 200 Index (ASX: XJO) rose 0.85% in June. Meantime, the national median home value rose by 0.7%, according to CoreLogic data.

    That was the 17th consecutive month of growth for the national median price.

    The median house price rose 0.5%, and the median apartment price lifted 0.7% over the month. On the share market, some stocks outperformed by a mile, including an ASX energy share that skyrocketed 40%.

    CoreLogic research director Tim Lawless said the national median had lifted between 0.5% and 0.8% every month since February.

    Lawless commented:

    The persistent growth comes despite an array of downside risks including high rates, cost of living pressures, affordability challenges and tight credit policy.

    The housing market resilience comes back to tight supply levels which are keeping upwards pressure on values.

    Last month, we saw the same growth patterns and the same dominant markets as we saw in May.

    Perth, Adelaide, and Brisbane delivered the highest home value growth. Home price medians rose in June at 2%, 1.7%, and 2%, respectively.

    Among the regional markets, regional Western Australia led the pack with 1.5% growth. Regional South Australia followed with 1.1% growth, then regional Queensland with 1%.

    Shares vs. property price growth in June

    Here’s how shares vs. property performed in terms of house price and share price gains last month.

    Property market Median house price Price growth 12-month price growth
    Sydney $1,466,475 0.5% 6.8%
    Melbourne $948,879 -0.3% 1.2%
    Brisbane $953,028 1.1% 15.2%
    Adelaide $824,669 16% 15.1%
    Perth $791,926 2% 23.7%
    Hobart $691,339 -0.2% -0.3%
    Darwin $589,166 0.6% 3.1%
    Canberra $986,414 0.5% 3.2%
    Regional New South Wales $763,364 0.3% 4%
    Regional Victoria $596,580 -0.3% -0.4%
    Regional Queensland $644,987 1.1% 12.3%
    Regional South Australia $437,854 1.2% 11.4%
    Regional Western Australia $532,116 1.6% 16.9%
    Regional Tasmania $537,285 0.7% 0.2%
    Regional Northern Territory $442,837 -0.5% -2.9%
    Source: CoreLogic

    Top 5 risers of the ASX 200 last month

    The ASX 200 lifted 0.85% in June.

    According to CommSec data, these 5 ASX 200 shares were the top-performing stocks.

    ASX 200 share Share price growth
    Strike Energy Ltd (ASX: STX) 40%
    Bapcor Ltd (ASX: BAP) 21%
    Pro Medicus Limited (ASX: PME) 19.3%
    Healius Ltd (ASX: HLS) 18%
    Insurance Australia Group Ltd (ASX: IAG) 15.2%
    Source: CommSec

    Why did Strike Energy shares spark 40% higher?

    Strike Energy released seven price-sensitive announcements in June.

    Based on share price gains, the updates that most excited Strike Energy investors included a flow test update regarding the Walyering-7 well in the Perth Basin.

    The company advised they’d commenced a production testing program, and moveable gas and condensate had been recovered from the completed zones within the well.

    Investors also liked the news of a five-year $153 million development financing package.

    The post How ASX shares vs. property performed in June appeared first on The Motley Fool Australia.

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

    Before you buy Bapcor 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 Bapcor 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 Bronwyn Allen 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 Pro Medicus. The Motley Fool Australia has recommended Bapcor and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • 2 ASX All Ords shares smashing new multi-year highs on big news

    The ASX All Ordinaries index may be having a subdued session, but that hasn’t stopped two shares from scaling new heights.

    Here’s why these shares are rising today:

    Altium Ltd (ASX: ALU)

    The Altium share price has hit a new record high of $68.20 on Tuesday.

    Investors have been buying the electronic design software company’s shares after its takeover by Japan’s Renesas took another big step towards completion.

    The ASX All Ords share advised that the Committee on Foreign Investment in the United States (CFIUS) has approved the deal after concluding that there are no unresolved national security concerns with respect to the transaction.

    This approval by CFIUS was the last outstanding regulatory authorisation required to complete the transaction. Shareholders will now vote on the deal at a meeting on 12 July. If everything goes to plan, the $68.50 per share takeover will complete on 1 August.

    Superloop Ltd (ASX: SLC)

    The Superloop share price has hit a multi-year high of $1.65.

    The catalyst for this has been the release of a trading update from the telco this morning.

    Superloop advised that it has continued to perform very strongly in the high value segment of the residential broadband market. It notes that its high-speed plans (100Mbps or greater) now exceed 50% of its base.

    The good news is that it expects this trend to continue, driven by consumer demand for higher internet speeds, reliability, and value.

    In light of its strong performance, management expects its underlying EBITDA for FY 2024 to be at or above the top end of the $51 million to $53 million guidance range.

    It also advised that FY 2024 cash capex remains on track for the $25 million to $27 million range previously guided. This includes $5 million in additional capex associated with the recent Origin Energy Ltd (ASX: ORG) and AGL Energy Limited (ASX: AGL) contract wins, together with the accelerated customer growth in the Consumer segment.

    Speaking of Origin, the energy retailer has reached “go live” with Superloop. This means that from today, Superloop’s white label offering will underpin new sign-ups for Origin home broadband services.

    The ASX All Ords share highlights that this milestone has been reached in under four months. It believes the speed of this achievement is testament to the capability of the Superloop platform and the strong collaboration between project teams.

    The post 2 ASX All Ords shares smashing new multi-year highs on big news appeared first on The Motley Fool Australia.

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

    Before you buy Altium 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 Altium 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 Altium. 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.

  • Malaysia’s $100 billion ghost town is good for at least one thing: filming documentaries and shows like Netflix’s ‘The Mole’

    a mall without people in malaysia
    Forest City's mall was empty when Business Insider visited last year.

    • Forest City, Malaysia was used as a set for a Netflix reality show, "The Mole."
    • Planned as a $100 billion mega-complex, Forest City has become a ghost town with few residents.
    • Developers face financial issues, because less than 15% of the project is completed.

    Malaysia's $100 billion ghost city was meant to house 700,000 people. After few people moved in, developers tried in vain to make it into a tourist hub.

    Now, the mega-development is serving as a set for a handful of reality shows and documentaries.

    The empty city, just over Singapore's western border, was used for an episode on the second season of Netflix reality show "The Mole," which debuted last week.

    The competition-style reality series follows 12 contestants completing challenges while one of them secretly sabotages the other players. They race to grow a money pot prize and uncover who the traitor is among them.

    The show's 10-episode second season was filmed entirely in Malaysia and features Forest City, Kuala Lumpur, and Tioman Island. Filming started in July 2023 and lasted for six weeks, according to local media.

    The contestants, who come from various professional backgrounds, complete treasure hunts, free dive, and abseil down a 38-story building in Forest City.

    In the third episode of the season, show host and former NPR journalist Ari Shapiro introduced Forest City: "A perfect spot for a glamorous holiday home, for those who can afford it. And most of the year, they lie empty."

    The city was also featured in recent shows.

    South Korea's KBS filmed an episode of the travel reality series "Battle Trip," while German ProSieben TV filmed a short documentary about Forest City. An Austrian documentary titled "Hungry: Tipping the Scales" shot there.

    Announced in 2006, the luxury housing project was meant to feature apartments, a waterpark, and hotels. The whole project cost its developers $100 billion.

    But, eight years after construction began, only a few thousand people live there. The project has turned into a ghost town — and a major liability for its developer, Country Garden, which is facing sizable financial issues elsewhere.

    As of last year, only about 15% of the planned property had been completed, while most finished apartments appear never to have been lived in.

    Netflix and Forest City did not respond to requests for comment.

    Read the original article on Business Insider
  • A millennial couple moved to Bali 2 years ago. Making friends was one of the hardest parts.

    A man and a woman sitting together at an outdoor table in front of a pool.
    Nadia Rose and Steve Willis moved to Bali in 2022.

    • Nadia Rose and her partner, Steve Willis, moved from Kuala Lumpur, Malaysia, to Bali in July 2022.
    • The couple say that adjusting to their new lives on the island was more challenging than they had expected.
    • Here are three things they've learned about life as expats in Bali.

    Thanks to its beautiful beaches, lush rainforests, and rich heritage, Bali is a popular vacation destination that draws tourists from all around the world.

    In recent years, the Indonesian island has even become a choice location for expats, especially digital nomads and those who want to escape the city.

    Nadia Rose and her partner, Steve Willis, moved from Kuala Lumpur, Malaysia's capital, to Bali in July 2022.

    It took them some time to adjust to their new lives on the island, and the experience was more challenging than they had expected. Here are three things they've learned as expats in Bali so far.

    1. Things in Bali take time

    Unlike in Kuala Lumpur, the capital of Malaysia — and other bustling cities around the world — the pace of life in Bali is much slower.

    Expect to wait for things to get done, especially for bureaucratic processes and even getting around in traffic, Rose told Business Insider.

    "Because I was so used to living in a city, I was so used to efficiency," Rose said. "Here, you just have to lean back and allow things to unravel, and it will unravel in its own time."

    2. Friendships can be hard to forge

    It might be harder to form lasting friendships in Bali than you think. The island can feel like a very transient place, with all the people who come and go from Bali, especially within the expat community, Rose said.

    "Many friends that I've made six months ago are no longer here, so you feel like you have to build new friendships over and over again," she said.

    Because of that, she had to constantly put herself out there to meet new people, she added.

    For almost a year after they arrived in Bali, Rose said they were so caught up in trying to settle down into their new lives that they weren't able to make any new friends.

    "I was like, 'Oh, it's too hard. I tried three times, and it just didn't work out.' I could have given up on it, but I didn't. It takes time," Rose said. "Without being vulnerable and open, it's just going to be difficult."

    The couple says that Facebook Groups have been a great way to meet new people.

    "I sometimes put up a post saying 'Hey, if you have similar interests, I'd love to meet up at this restaurant.' People turn up, and we'll all have lunch together," Rose said.

    The couple also attends events, which they find through Nomeo, an online platform that allows people to set up events for activities they're passionate about.

    "It could be a meet-up for female entrepreneurs, or even for a day of fun at the beach. There are multiple events happening daily, and you just show up," Rose said.

    3. Things in Bali can be as cheap or as expensive as you'd like

    There's a common refrain that things in Bali are cheap — and that's not necessarily true, Rose said.

    "Coming from Malaysia, it is extremely expensive," she said. "Especially for rent, if you haven't got a budget in mind, it can balloon, and you'll end up spending more than you think." The budget the couple had originally set had to be raised by a few hundred dollars after they realized it was too low.

    Real estate prices have spiked in Bali ever since Bali's borders reopened after the pandemic. According to the latest April data from the Indonesian real-estate platform Rumah123, Denpasar — the capital city of Bali — saw a 17% increase in housing prices year-on-year.

    While rent still forms the largest portion of their expenditures, Rose says that there are still many affordable food options, especially if they eat local fare.

    A plate of nasi goreng — a traditional fried rice dish — can cost less than $2 at local shops. But with the influx of high-end restaurants, even the price of that dish has been spotted on a menu for over $150, per The Bali Sun.

    "So, lifestyle-wise, depending on what you choose, the beauty of Bali is that you have options to meet every budget," she said.

    Areas popular with tourists, such as Seminyak and Canggu tend to be pricier than other parts of the island.

    "It depends on where you're living on the island and what you expect out of it, and this applies to gyms and even homes. You can get all the amenities you desire, but you have to be ready to pay for it," she said.

    Read the original article on Business Insider
  • These 2 ASX 200 stocks just scored substantial broker upgrades

    Broker looking at the share price.

    Two S&P/ASX 200 Index (ASX: XJO) stocks just scored substantial broker upgrades.

    One of the companies has already been on a tear over the past year, while the other has struggled.

    But according to top brokers, the next 12 months could see them deliver share price gains of 11% and 16%, respectively. And that doesn’t include the dividends they both pay.

    Which ASX 200 stocks are we talking about?

    Read on!

    (Broker data courtesy of The Australian.)

    Two ASX 200 stocks to buy

    The first ASX 200 stock just earning a broker upgrade is financial technology company Hub24 Ltd (ASX: HUB).

    The Hub24 share price is down 0.2% in late morning trade today, at $45.98. Shares are up a whopping 76% in a year, making it the third-best-performing ASX 200 share in FY 2024. Hub24 shares also trade on a fully franked trailing dividend yield of 0.8%.

    Despite the recent share price surge, Bell Potter foresees more outperformance ahead. The broker gave the ASX 200 stock a buy rating with a $53.20 price target. That’s almost 16% above current levels.

    At its most recent half-year results, Hub24 reported a 14% year on year increase in total revenue, which came in at $156.7 million for the six months.

    Which brings us to the second ASX 200 stock that just scored a broker upgrade, property and infrastructure group Lendlease Group (ASX: LLC).

    The Lendlease share price is up 0.9% today at $5.68 a share. Lendlease shares are down 28% in a year. The stock also trades on a partly franked trailing dividend yield of 3.1%.

    Citi believes that the sell-off has run its course. The broker raised Lendlease to a buy rating, while maintaining its $6.30 price target. That represents an 11% potential upside from the current share price.

    Citi is upbeat about Lendlease’s ongoing international asset sales, expected to bring in some $4.5 billion.

    The broker said this week’s AU$480 million (US$320 million) sale of the ASX 200 stock’s US Military Housing business came in ahead of expectations.

    According to Citi analyst Suraj Nebhani (quoted by The Australian):

    While there is uncertainty around the future capital receipts from Lendlease’s asset sale program, we see the shares as sufficiently discounted here and providing strong value upside.

    Moreover, the progress on asset sales and capital received to date has been encouraging, and we therefore see upside to Lendlease shares from current pricing.

    The post These 2 ASX 200 stocks just scored substantial broker upgrades 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

    Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Hub24. 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.

  • Why is the RPM Global share price crashing 22% today?

    A woman screams and holds her hands up in frustration.

    The RPMGlobal Holdings Ltd (ASX: RUL) share price is having a difficult time on Tuesday.

    In early trade, the mining software solutions provider’s shares were down as much as 22% to $2.17.

    Its shares have recovered a touch since then but remain down 16% to $2.33.

    Why is the RPM Global share price crashing?

    Investors have been hitting the sell button today after the company released a trading update.

    According to the release, RPM Global sold $50.4 million in software Total Contracted Value (TCV) in the second half of FY 2024. This brings its expected full year TCV to $77 million, which represents a 9.2% increase year on year.

    This TCV comprises $75.4 million in subscription licenses (FY 2023: $65.8 million), $1.3 million in perpetual licenses (FY 2023: $2.9 million), and new maintenance of $0.3 million (FY 2023: $1.8 million).

    Management notes that the $75.4 million in TCV software subscription sales will deliver annually recurring revenue (ARR) of $9.2 million. As of 1 July, the total value of ARR is $62 million, comprising $50.7 million from subscriptions and $11.3 million from maintenance.

    It also highlights that as its software becomes more and more mission critical, mining companies are asking for longer subscription terms to ensure certainty of supply. For example, in the second half of FY 2024, the company sold $18.4 million in software subscriptions with a committed term of eight years and $6.4 million with a committed term of ten years.

    Given how the above reads very positively, investors may be wondering why the RPM Global share price is sinking today.

    Well, this appears to have been driven by softer than expected profitability during the year.

    Softer profits

    The release reveals that gross revenue for FY 2024 is expected to finish between $113 million and $114 million. This is up from $98.4 million in FY 2023.

    EBITDA (before management incentives) is expected to be in the range of $18.7 million to $19.3 million, which is up from $15 million last year.

    And finally, profit before tax (pre management incentives) is forecast to be in the range of $14 million to $14.5 million. This is up 52% to 58% year on year from $9.2 million.

    This was lower than forecast, which is weighing on the company’s shares today. Management commented:

    The lower than forecasted profitability is due to reduced perpetual license sales and the timing of subscription licenses signed during the second half of FY2024.

    It is also worth noting that not all of these profits will be retained, with the company intending to reward its employees handsomely. It advised:

    Given the growth in TCV, revenue and profitability in FY2024, the Company expects incentives (shared across an increased number of employees) to be in the range of $3.5 million to $3.9 million for the FY2024 year (FY2023: $3.0 million).

    Despite today’s weakness, the RPM Global share price remains up over 60% since this time last year.

    The post Why is the RPM Global share price crashing 22% today? appeared first on The Motley Fool Australia.

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

    Before you buy Rpmglobal Holdings 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 Rpmglobal Holdings 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 RPMGlobal. The Motley Fool Australia has recommended RPMGlobal. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Can ASX 200 tech shares produce another strong performance in FY25?

    two computer geeks sit across from each other with their laptop computers touching as they look confused and confounded by what they are seeing on their screens.

    S&P/ASX 200 Index (ASX: XJO) tech shares delivered strong returns in FY24. There are multiple quality names within the ASX 200 that have created value for shareholders.

    Some of the biggest names in the tech sector include Wisetech Global Ltd (ASX: WTC), REA Group Ltd (ASX: REA), Xero Ltd (ASX: XRO), CAR Group Limited (ASX: CAR), SEEK Ltd (ASX: SEK) and TechnologyOne Ltd (ASX: TNE).

    The performance of each individual company’s operational growth and financials will obviously have an impact on how the share prices of the ASX 200 tech shares track in FY25. Aside from that, I think there could be two (foreseeable) important factors.

    Interest rates

    Interest rates usually greatly impact valuations because if investors can get a good return from safe assets like bank accounts and bonds, then ‘risk’ assets like shares should be priced at a lower level. For example, high interest rates, in theory, should mean a lower price/earnings (P/E) ratio than if interest rates were lower.

    One of the world’s greatest investors, Warren Buffett, once said:

    The value of every business, the value of a farm, the value of an apartment house, the value of any economic asset, is 100% sensitive to interest rates because all you are doing in investing is transferring some money to somebody now in exchange for what you expect the stream of money to be, to come in over a period of time, and the higher interest rates are the less that present value is going to be. So every business by its nature…its intrinsic valuation is 100% sensitive to interest rates.

    Some investors may have already ‘priced in’ interest rate cuts from the US Federal Reserve or the Reserve Bank of Australia (RBA) which is likely partly why we saw such a strong rally of ASX 200 tech shares during FY24.

    Based on Australia’s latest inflation numbers and RBA commentary, it could be a while yet before there’s a rate cut.

    Valuations too high?

    Interestingly, some high-profile, high-performing investors have started reducing their exposure to technology.

    The Australian Financial Review recently reported that fund manager GQG Partners Inc (ASX: GQG) has made some “aggressive moves” to produce the next stage of strong returns (in FY25).

    The newspaper reported that tech stocks were a major factor in GQG’s recent investment fund performance. However, in the last few months, the fund has reduced its exposure to the tech sector by more than half – from 43% in the portfolio to 21%. This decision was made because it seemed that the significant market interest in AI stocks was not spreading to other sectors as widely as expected.

    GQG’s Brian Kersmanc said:

    From the semiconductor standpoint, things weren’t broadening out as much –
    spending was really isolated to that cluster around AI and data centres.

    Markets also started pricing in some really blue sky scenarios for these stocks, so
    although optically they looked cheap on a price-to-earnings basis, to get to the
    estimates that were prevailing in the market, you had to get to some pretty
    aggressive assumptions.

    The last time GQG significantly cut its tech exposure was when it rotated into energy stocks, according to the AFR. After that, the NASDAQ plunged 33%, and commodity prices soared after Russia invaded Ukraine. The ASX 200 tech shares also had a bad time in 2022.

    It’s an interesting sign that GQG has decided to take profits from its tech exposure. Even if tech stocks don’t crash in FY25, this could suggest that the ASX 200 tech shares may not see the same level of returns in FY25 as FY24 because we’ve already seen the expansion of their valuations (such as the P/E ratios).

    Better-than-expected earnings growth and/or reducing interest rates could be necessary for another good year.

    The post Can ASX 200 tech shares produce another strong performance in FY25? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Carsales.com right now?

    Before you buy Carsales.com 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 Carsales.com wasn’t one of them.

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    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 REA Group, Technology One, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended WiseTech Global and Xero. The Motley Fool Australia has recommended Car Group, REA Group, Seek, and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Trump is already testing the limits of the SCOTUS immunity ruling and is trying to get his Manhattan conviction thrown out

    Republican presidential candidate, former U.S. President Donald Trump participates in the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia.
    Republican presidential candidate, former U.S. President Donald Trump participates in the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia.

    • Former President Donald Trump is trying to capitalize on the SCOTUS presidential immunity ruling.
    • His lawyers asked a Manhattan judge if they can move to toss his recent criminal conviction.
    • Trump's sentencing for the hush-money trial is set for July 11.

    It took less than a day for former President Donald Trump's attorneys to test the Monday Supreme Court ruling on presidential immunity.

    Trump's lawyers sent a letter to the judge who oversaw the New York hush-money trial in which the former president was found guilty of 34 felony counts, according to The New York Times, which obtained the letter. The Associated Press later confirmed The Times' reporting.

    The attorneys asked the judge if they could move to have the former president's criminal conviction thrown out, citing the Supreme Court's decision issued Monday morning that found presidents are largely immune from prosecution over official actions taken while in office.

    An attorney for Trump did not immediately respond to requests for comment from Business Insider.

    A spokesperson for Manhattan District Attorney Alvin Bragg, whose office prosecuted the hush-money trial, declined to comment.

    The letter sent by Trump's lawyers was not set to be made public until Tuesday, The Times reported.

    Trump's sentencing for his hush-money trial is set for July 11.

    It's unclear how successful Trump's efforts to overturn his conviction will be. The Times reported that the deadline for filing motions after the trial passed in June.

    Neama Rahmani, a former federal prosecutor and president of West Coast Trial Lawyers, told Business Insider that Trump's attempt to overturn his conviction is "a long shot."

    The Manhattan trial dealt primarily with actions Trump took before he was president, centering on hush-money payments made to porn actor Stormy Daniels ahead of the 2016 election.

    "These were payments made from Trump's personal account, and the Trump Organization employees involved — Michael Cohen, was his personal attorney," Rahmani said.

    Rahmani predicted that Judge Juan Merchan, who presided over the hush-money case, would deny a motion to overturn Trump's conviction. Trump's attorneys would likely then ask for a pause on sentencing while the motion works its way through appeals. Merchan could stay the entire case while the motion is litigated or opt to move forward with sentencing regardless, Rahmani said.

    "Even if he substantially doesn't have a good argument, Trump's approach has always been to delay," Rahmani said.

    Read the original article on Business Insider