Some former top ASX dividend shares could be trading at a good value to deliver market-leading returns from here.

I like to be able to buy businesses that pay dividends at lower prices because it boosts the dividend yield. However, I’d only invest in a business if I thought its earnings could grow over the longer term.

Higher earnings can translate into a rising share price and bigger dividend payments.

Baby Bunting Group Ltd (ASX: BBN)

Baby Bunting is one of the leading retailers of baby and toddler products. It sells a variety of things like prams, car seats, furniture, toys, blankets and so on.

The Baby Bunting share price is down by around 45% over the past year. It faced difficulties with its profit margins in the first half of FY23. The company has spent money on establishing its New Zealand business and opening new stores while also targeting efficiency improvements.

A growing store network and New Zealand expansion may enable Baby Bunting to keep growing earnings in the years ahead. It expects to open a total of eight stores in FY23. It has a long-term target of 120 stores in Australia and New Zealand.

Commsec estimates put the current Baby Bunting share price at 16x FY23’s estimated earnings with a grossed-up dividend yield of 6.1%. Looking ahead to the early FY25 projections, the ASX retail share is valued at 11x FY25’s estimated earnings with a possible 8.9% grossed-up dividend yield.

Challenger Group Ltd (ASX: CGF)

Challenger is the largest annuity provider in Australia. An annuity is where a customer can turn their capital into a source of regular income over a set period or the rest of their life.

I don’t think the previous record low interest rate environment benefited Challenger. A higher interest rate appears to be better for the business as it delivers better returns for customers.

After all, a retiree is more likely to want an annuity with an interest return of more than 4%, for example, than the lower rate being offered in mid-2021.

This is reflected in results from the first quarter of FY23, where annuity sales increased by 50% to $1.8 billion.

Challenger recently explained at its annual general meeting (AGM) some of the tailwinds it is benefiting from:

Successive governments have implemented significant regulatory reforms across the financial services sector, such as the Retirement Income Covenant. These reforms are expected to provide retirees with the confidence of a secure retirement and have also created tailwinds for our business.

We have reached an exciting point in Australia’s retirement system with a definitive shift in industry focus towards the decumulation phase. And Challenger – as Australia’s leading retirement income brand – is well positioned to benefit.

Our unique competitive advantages combined with supportive long-term tailwinds see us well-placed to capture opportunities and drive strong business growth. We are leaders and innovators in our respective markets – with a broad offering and strong distribution footprint.

Australia’s world-class superannuation system continues to grow rapidly. Assets are set to triple over the next 20 years.

Using the Commsec estimates, the Challenger share price is valued at under 17x FY23’s estimated earnings. This, with a grossed-up dividend yield of 4.8%.

The post Why I think these 2 ASX dividend shares offer great buying right now appeared first on The Motley Fool Australia.

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

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The share price of ASX newbie Patriot Battery Metals Inc (ASX: PMT) is taking off again, this time on the company’s latest lithium finds.

It announced assay results for the final 10 drill holes completed at its CV5 Pegmatite system last year – which has significantly expanded the known lithium mineralisation at the target.

Right now, the Patriot Battery Metals share price is up 13.41%, trading at $1.565.

That’s also 161% more than the company offered its shares for under its initial public offering (IPO) late last year.

Let’s take a closer look at the find driving the ASX lithium share sky-high on Monday.

ASX lithium share soars on assay results

The Patriot Battery Metals share price is roaring on the final assays from the 2022 drill campaign conducted at the company’s Corvette Property

The latest finds have further delineated the high-grade zone – now named the Nova Zone. Additionally, the easternmost drill hole conducted at CV5 Pegmatite returned assays of:

• 52.2 metres at 3.34% lithium oxide (219.1 metres to 271.2 metres), including 15 metres at 5.1% lithium oxide

That drill hole has extended mineralisation eastwardly and appears to have intersected part of the Nova Zone, which has so far been found to boast a strike length of at least 350 metres.

Commenting on the news driving the ASX lithium share higher today, Patriot Battery Metals president, CEO, and director Blair Way said the company “could not be more thrilled with the results” from the drill campaign, continuing:

We have exceeded all of our program objectives, expanding the known mineralised system from a few hundred metres along-strike in 2021, to at least 2.2 kilometres in 2022, remaining open and demonstrating high-grades at both ends.

We have just recently commenced our 2023 drill campaign and will continue to aggressively delineate what we believe will be a top tier lithium asset globally when fully defined.

The company kicked off the 2023 campaign in early January. Way previously tipped this year to be “transformative” for Patriot Battery Metals.

No doubt, plenty of eyes will be watching its share price in the coming weeks and months.

The post Guess which ASX lithium share is rocketing 13% on new finds appeared first on The Motley Fool Australia.

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• Guess which ASX lithium share is soaring another 12% today
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you have room for some new portfolio additions, then it could be worth considering the two ASX growth shares listed below.

Here’s what you need to know about these buy-rated shares:

NextDC Ltd (ASX: NXT)

The first ASX growth share that has been tipped as a buy is data centre operator NextDC.

Goldman Sachs is positive on the company and has just reiterated its buy rating with a $13.60 price target. It believes NextDC is well-placed for strong growth over the next decade.

This morning, the broker commented:

We continue to believe NXT hybrid model puts the company in a strong position to continue gaining share in Enterprise while winning its fair share of hyperscale contracts, supporting a strong earning trajectory over the next decade. This is consistent with its recent bullish AGM commentary expecting to convert its record backlog within the next 6-12 months (i.e. May – Nov 2023). We also expect a detailed update on NXT Asia ambitions in 2023, which although riskier, is well flagged by the company

ResMed Inc. (ASX: RMD)

Another ASX growth share that has just been tipped as a buy is ResMed. It is a medical device company with a focus on sleep treatment solutions.

Morgans is a fan of ResMed and has put an add rating and $37.24 price target on its shares. The broker likes the company due to its strong position in the sleep treatment market and its huge potential in the out of hospital care market.

It commented:

We continue to believe the overall fundamentals remain sound and the company is well positioned, with margin headwinds expected to abate slowly. […] We view RMD as increasingly well positioned as a leading SaaS provider of out of hospital care, with strong underlying sales momentum (+7%) expected to continue, and integration of German-based Medifox Dan (only 6 weeks in 2Q; EPS neutral) offering end-to-end software for nursing and HME customers in Germany.

The post Add some oomph to your portfolio with these ASX growth shares: analysts 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 positions in and has recommended Lovisa Holdings Ltd and ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. The Motley Fool Australia has recommended Lovisa Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Pilbara Minerals Ltd (ASX: PLS) share price has already surged nearly 32% year to date, but could it even go higher?

Pilbara shares are climbing 2.45% in today’s trade to $5.02 apiece. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) is 0.76% in the red today.

Let’s take a look at the outlook for the Pilbara Minerals share price.

Could Pilbara go higher?

Pilbara produces lithium from Pilgangoora Project, near Port Headland in Western Australia.

Pilbara Minerals shares are a “buy” according to Seneca investment advisor Arthur Garipoli.

Commenting on Pilbara on The Bull, Garipoli highlighted Pilbara’s higher production, lower operating costs, and improved cash balance in the December quarter. He added:

In our view, the company offers strong growth potential. It may announce a maiden interim dividend.

Pilbara delivered a 10% lift in spodumene concentration production in the December quarter to 162,151 dry metric tonnes (dmt). The company’s cash balance grew 60% from $1.375 billion to $2.226 billion. Operating costs fell 5% to $579 per dry metric tonne.

Pilbara announced an “inaugural dividend policy” in November. The company is targeting a dividend payout ratio at 20 to 30% of free cash flow.

Meanwhile, the team at Morgans has also recently recommended Pilbara Minerals as a buy. The broker retained an add rating and lifted the price target on Pilbara to $5.40. This implies an upside of about 9% based on the current share price. Morgans was also impressed with Pilbara’s quarterly update.

Share price snapshot

Pilbara Minerals shares have soared 53% in the last year.

Pilbara has a market capitalisation of nearly $15 billion based on the current share price.

The post Pilbara Minerals share price ‘offers strong growth potential’: expert appeared first on The Motley Fool Australia.

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Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Telstra Group Ltd (ASX: TLS) shares could be great value at the current level.

That’s the view of the team at Goldman Sachs, which have just upgraded the telco giant’s shares.

What is Goldman saying about Telstra shares?

According to the note, the broker has upgraded Telstra’s shares to a buy rating with an improved price target of $4.60.

Based on the current Telstra share price of $4.08, this implies potential upside of approximately 13% for investors.

Goldman has also revealed its dividend expectations for Telstra in the coming years. It is forecasting fully franked dividends per share of 17 cents in FY 2023, 18 cents in FY 2024, and then 20 cents in FY 2025.

The former equates to a 4.15% dividend yield, which brings the total potential return to 17% for investors over the next 12 months.

Why did it upgrade Telstra?

There were a number of reasons for Goldman’s upgrade. These include the company’s defensive qualities, its positive growth outlook, and the potential monetisation of its InfraCo Fixed assets. It explained:

Given the defensive nature of telecoms into an uncertain 2023, we believe the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned by its mobile business, is attractive.

We believe FY23 earnings will be robust, benefiting from challenges that the competitors are currently facing (Optus hacking, TPG MOCN) offsetting the near-term cost pressures (call centre on shoring, retail stores & staff inflation), and we are incrementally more positive on the medium term mobile outlook, supported by the recent TPG price rises.

Finally the other key reason for our positive view is that 2023 presents a meaningful opportunity for Telstra to crystallise value through commencing the process to monetize its InfraCo Fixed assets – which we estimate could be worth between A$22-30bn.

The post Buy Telstra shares for its defensive earnings and dividend growth: Goldman Sachs 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 positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The BHP Group Ltd (ASX: BHP) share price is down 0.83% in early trade.

Shares in the S&P/ASX 200 Index (ASX: XJO) mining stock are currently trading for $49.13 apiece.

Today’s slide in the BHP share price comes as the company appears to be upping the ante in its stoush with the New South Wales government over the state’s planned domestic coal reserve legislation.

What’s happening in NSW?

In case you’re not aware, New South Wales is proposing that thermal coal miners (the kind of coal used to generate electricity) set aside up to 10% of their annual production for use by coal-fired power stations within the state.

That proposal doesn’t sit well with BHP’s management.

In an internal memo, reported by The Australian, the miner has revealed the state’s coal reserve plans may lead to the closure of Mt Arthur coal mine four years earlier than currently planned.

Mt Arthur, which employs some 2,000 people within NSW, was previously planned to continue operations through to 2030. That’s if BHP seeks and receives approval to extend its life by four years from 2026 to 2030 in its ‘Pathway to 2030’ plan.

But, in a revelation that could be throwing up some headwinds for the BHP share price today, the miner may not be seeking that approval after all.

According to BHP’s NSW energy coal vice-president, Adam Lancey:

In light of these directions, we are actively reviewing operational plans and existing commitments to understand their implications. And, while I would like to avoid this scenario, the findings of this review may lead to a reassessment of our Pathway to 2030 plan.

The miner said it believes it may cost more than the $125 per tonne price cap on domestic coal to cap soaring electricity costs for it to provide coal to the state’s power plants.

“Our primary concerns relate to the potential impacts on Mt Arthur Coal’s operations and business model, including what to do if our production costs are above the price cap,” Lancey said.

“BHP is opposed to market interventions because short-term measures can have negative long-term impacts: in this case businesses may think twice about investing in NSW,” he added.

BHP share price snapshot

Despite today’s dip, the BHP share price has been on a tear so far in 2023. Shares are up 7.8% since the closing bell on 30 December.

The post Why is the BHP share price slipping on Monday? appeared first on The Motley Fool Australia.

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• The BHP share price has had a stellar start to 2023. Is it too late to buy?

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.

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The Lynas Rare Earths Ltd (ASX: LYC) share price is gaining this morning on the back of the company’s report for the December quarter.

After opening 0.5% higher at $9.13, stock in the S&P/ASX 200 Index (ASX: XJO) rare earths producer has lifted further to reach $9.36 – a 3.08% increase at the time of writing.

Lynas share price lifts as NdPr production jumps 44%

Here are the key takeaways from the company’s latest quarterly update:

• Sales revenue reached $232.7 million – up 42% quarter on quarter and 15% on the prior comparable period (pcp)
• Sales receipts came to $168.4 million – down 28% quarter on quarter but up 11% on the pcp
• Produced 4,457 tonnes of rare earth oxide – up 27% quarter on quarter and 6% on the pcp
• Neodymium and praseodymium (NdPr) production came to 1,508 tonnes – up 44% quarter on quarter and 11% on the pcp
• Ended the period with $934.2 million of cash and short-term deposits

What else happened last quarter?

The Lynas share price had a good run in the December quarter, gaining around 4% over the three-month period.

Meanwhile, the company continued its mining campaign at Mt Weld. Ore processing efficiencies also saw the project delivering a record volume of rare earth oxides in concentrate.

It continued building a lanthanide concentrate stockpile for the Kalgoorlie Rare Earth processing facility start-up. Finally, capital works are underway at Lynas Malaysia to receive and process Kalgoorlie-made mixed rare earth carbonate feedstock.

All that means the company’s capital expenditure cash outflow increased 31% quarter on quarter and 73% year on year to $141.9 million last quarter.

What did management say?

Within Lynas’ quarterly CEO review, Amanda Lacaze appears to comment:

Production and sales outcomes in the December quarter recovered following the water supply disruptions experienced in the prior quarter.

Sales receipts, at $168.4 million, were a reflection of timing of deliveries which occurred later in the quarter. A higher sales price was achieved for SEG and new La-Ce speciality products which improved our average selling price despite flat market pricing with an average China Domestic Price for NdPr of US$83 per kilo during the quarter.

Market prices started to increase again from December in anticipation of the late January Lunar New Year holidays and an expected rebound of the consumption in China. Future pricing trends will depend on China’s economic recovery.

What’s next?

The company is still working on developments at its Mt Weld, Kalgoorlie, and Malaysian operations. It’s also developing a rare earths separation plant in the United States.

It previously forecast capital expenditure of $600 million in both financial year 2023 and financial year 2024.

Lynas share price snapshot

This year so far has been good to the rare earths giant’s shares. The Lynas share price is up 18% year to date while the ASX 200 has lifted around 8%.

Over the last 12 months, however, the stock has risen just 1.4% while the index is up 7.5%.

The post Lynas share price rises on 42% jump in sales revenue appeared first on The Motley Fool Australia.

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

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The Brainchip Holdings Ltd (ASX: BRN) share price is tumbling on Monday.

In morning trade, the semiconductor company’s shares are down 3% to 63.5 cents.

Brainchip share price tumbles on quarterly update

Investors have been selling down the Brainchip share price again on Monday following the release of another disappointing quarterly update.

For the three months ended 31 December, the $1.2 billion company reported cash receipts from customers of only US$1.164 million. This brought its cash receipts for the 12 months to US$2.7 million.

This is despite its CEO, Sean Hehir, stating that Brainchip was “seeing the greatest amount of sales activity and engagement in the Company’s history” at the end of the third quarter.

It is also worth noting that in its half year update, Brainchip reported trade receivables of US$2.5 million. It highlighted that these funds were expected to be received between 30 to 90 days. However, seven months later, the company has reported cash receipts of approximately half of this sum. No explanation has been provided for this discrepancy.

Brainchip also continues to operate at a loss, reporting a cash outflow of US$1.9 million for the quarter and US$13.7 million for the 12 months. It ended the period with a cash balance of US$23.1 million.

Management commentary

Hehir revealed that Brainchip has been boosting its sales team and remains optimistic on the future. He said:

BrainChip added two North American and one Korean sales executive towards the tail end of the quarter and has launched formal searches for sales talent in Germany and Japan as we aggressively pursue engagements globally. BrainChip also appointed a new Chief Marketing Officer, Mr Nandan Nayampally, to lead our marketing efforts.

In the coming quarter, the Company will focus on key sales targets and converting technical evaluations into paid licenses. In addition, the Company is accelerating development of nextgeneration Akida IP and products to extend our technological lead and market opportunity. We remain positive on future market penetration and broad adoption of BrainChip’s technology.

The Brainchip share price is now down over 55% since this time last year.

The post Here’s why the Brainchip share price is being sold down again today 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 Scott Phillips.

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A wide range of ASX shares are down significantly over the last year or so. As such, value investors may be able to find some very cheap ASX shares in the current environment.

Inflation and higher interest rates have hit both valuations and investor confidence about where earnings are headed for many businesses.

While some businesses are going to see a bit of an earnings dip, the level of share price pain may be too much when considering the long-term potential of these businesses.

In my view, here are two very cheap ASX shares.

Dusk Group Ltd (ASX: DSK)

Dusk is an ASX retail share with a market capitalisation of more than $120 million according to the ASX. The company describes itself as an Australian specialty retailer of home fragrance products.

It sells Dusk-branded products from its physical stores and through its website. The products are designed in-house and exclusive to the company. Some of the products the business sells include candles, ultrasonic diffusers, reed diffusers, and essential oils, as well as fragrance-related homewares.

Since July 2021, the Dusk share price has dropped around 50%. In the first 19 weeks of FY23, the business saw total sales growth of 23.9%, though this was put down to store closures in the first half of FY22 due to COVID-19. The gross profit margin was “in line” with the prior year.

It opened five new stores in Australia in time for Christmas, with another three or four expected to open in the second half.

Using the estimates on Commsec, the Dusk share price is valued at nine times FY23’s estimated earnings with a possible grossed-up dividend yield of 12.3%. That makes it seem like a cheap ASX share to me. The current projections suggest the business could grow its earnings and dividend in FY24.

City Chic Collective Ltd (ASX: CCX)

City Chic is a former market darling that has fallen very hard. It’s down close to 90% since September 2021.

The business is a retailer of clothing, footwear, and accessories to plus-size women.

It has a growing global presence. The company has the City Chic brand in Australia, Evans in the UK, and Avenue in the US.

The business is currently having a rough time. In the 26 weeks to 1 January 2023, the company saw global sales revenue of $168.6 million. This would represent a decline of 8% year over year, up 38% over FY21.

Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to be a loss of $2.5 million to $4 million.

The company has had to discount products, hurting the gross profit margin, to “stimulate demand”. It’s also resulting in a higher cost of doing business (CODB) as a percentage of sales for the first half of FY23 compared to the prior corresponding period.

The one positive was that inventory is expected to be between $163 million to $164 million at the end of the half, ahead of target. By the end of FY23, it’s aiming for between $125 million to $135 million.

Profitability is expected to return in FY24 according to Commsec, with the City Chic share price valued at 20 times FY24’s estimated earnings and 14 times FY25’s estimated earnings. I think this makes the business a cheap ASX share after its heavy fall.

While the last several months have been tricky, I think the business will be able to turn it around and achieve good growth in the northern hemisphere as long as it keeps investing in the business.

The post I think these 2 cheap ASX shares are buys for value investors appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dusk Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Fortescue Metals Group Limited (ASX: FMG) share price has been on an incredible run since the end of October 2022, rising by around 50%. But, will the iron ore ASX share be able to keep it going?

Last week the company hit a 52-week high. This came after the miner announced a record quarter, delivering its best-ever half-year operating performance.

Iron ore shipments were 49.4 million tonnes in the second quarter of FY23, with 96.9mt of iron ore shipments in the first half of FY23. This was 4% higher than the first half of FY22.

It experienced average revenue of US$87 per dry metric tonne (dmt), compared to C1 costs of US$17.17 per wet metric tonne (wmt).

Can the Fortescue share price keep rising?

Some analysts don’t think so. The Australian reported on a recent broker change on the business, Credit Suisse reduced its rating to underperform with a price target of $17.20. That suggests the Fortescue share price could fall by more than 20% over the next year.

One of the main things that Fortescue is working on is its green energy plans to produce large quantities of green hydrogen, as well as becoming a leader of high-performance batteries through its WAE division.

However, It was reported by the Australian Financial Review that Plug Power is no longer going to be the 50% partner in the Gladstone project where Fortescue Future Industries (FFI) wants to make electrolysers. This means FFI will have to make the factory alone, and use technology FFI has invented.

Electrolysers are used to split water into oxygen and hydrogen.

Management unfazed

But, Fortescue is still very confident about the future.

The AFR reported that the boss of FFI, Mark Hutchinson, said that Plug’s withdrawal would not affect the delivery schedule, with the first electrolysers planned for this year. The newspaper quoted Hutchinson, who said:

The feeling really was that we were advanced on our own technology and the IP [intellectual property] was ours and we can do it at scale.

We want to control our own destiny. Our demand is going to be huge, we think there is enormous value in owning the technology and it is going to develop very, very quickly.

I believe we can get the best economics out of our electrolyser facility, Andy [Marsh] has a different view, that is fine, so bring it on.

We have learnt a lot since the discussions with Plug Power, we love Andy [Marsh], we have a relationship ongoing with Plug Power, they will still supply us with electrolysers on some of our projects.

We are going to need all the OEMs [original equipment manufacturers] to chip in at some stage.

The exciting thing is it’s going to be Australian technology.

Fortescue share price snapshot

After the strength of the share price movement, the Fortescue market capitalisation has reached almost $70 billion.

The post Has the Fortescue share price topped out? appeared first on The Motley Fool Australia.

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More reading

• Fortescue share price hits 52-week high on record half
• 5 things to watch on the ASX 200 on Friday
• How much profit could Fortescue shares make in 2023?
• ASX passive income: My game plan to reach $30,000 per year
• Why a merger between Fortescue and this major-league miner could make sense: expert

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

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