The S&P/ASX 200 Materials Index (ASX: XMJ) finished 0.37% in the red today, but one ASX mining share certainly bucked the trend.

The Caspin Resources Ltd (ASX: CPN) share price soared 46% today to 95 cents during afternoon trade before finishing at a closing price of 89 cents. That’s 37% higher than yesterday’s close.

So why did this ASX mining share have such a good day?

New discovery

Caspin Resources advised of a major rhodium find at the company’s Yarawindah Brook Project in Western Australia.

Multiple drill holes showed significant rhodium mineralisation at the new Serradella discovery and the Central Yarabrook Prospect.

Highlights include:

• 17m at 2.33 grams per tonne (g/t) 4E (palladium, platinum, rhodium and gold), 0.17% nickel from 131m including:
• 3m at 4.60g/t platinum, 0.87g/t palladium, 0.56g/t rhodium, 0.01g/t gold, 0.17% nickel from 144m

Caspin said the rhodium mineralisation adds more value to the Serradella discovery.

Commenting on the news, chief executive officer Greg Miles said:

When we discovered rhodium in our initial discovery hole, YARC0022, we commenced a large re-assay program in the hope that further mineralisation would be found.

This exercise has surpassed our expectations and with such high-grade results, clearly differentiates Yarawindah Brook from other PGE projects.

Assay results from further drill holes are still pending. A six-month multi-rig drilling campaign at Serradella will start in late October.

Share price snapshot

The Caspin Resources share price has leapt 20% in the past year, but it has fallen around 27% year to date.

For perspective, the ASX 200 Materials Index has shed 5% in the year to date and 1% in the past year.

Caspin has a market capitalisation of about $62 million based on the current share price.

The post Guess which ASX mining share soared 46% today appeared first on The Motley Fool Australia.

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More reading

• 3 ASX mining shares going bananas today

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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The S&P/ASX 200 Index (ASX: XJO) posted a partial recovery today, led by energy shares. The index closed 0.21% higher at 6,842.90 points.

The market’s day in the green came on the back of its worst session in three months which saw the ASX 200 tumble 2.58% yesterday.

Wall Street – which weighed heavily on the Aussie bourse yesterday – lifted overnight. The Dow Jones Industrial Average Index (DJX: .DJI) rose 0.1% and the S&P 500 Index (SP: .INX) increased 0.3%.  The Nasdaq Composite Index (NASDAQ: .IXIC), meanwhile, gained 0.7%.

Today, the S&P/ASX 200 Energy Index (ASX: XEJ) rallied, posting a 3.7% increase, with coal miners leading the way.

The S&P/ASX 200 Financials Index (ASX: XFJ) and the S&P/ASX 200 Industrials Index (ASX: XNJ) also gained 1.1% and 0.3% respectively.

Sadly, all other sectors closed lower, with the S&P/ASX 200 Real Estate Index (ASX: XRE) weighing heaviest, falling 0.9%.

But which share outperformed all others on Thursday? Let’s take a look.

Top 10 ASX 200 shares countdown

The index’s top performer on Wednesday was coal producer Coronado Global Resources Inc (ASX: CRN).

It’s been on a roll lately amid rising coal prices and bullish brokers. Find out more about the company and what it’s been up to here.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Coronado Global Resources Inc (ASX: CRN)	$1.85	9.14%
New Hope Corporation Limited (ASX: NHC)	$5.82	6.01%
Whitehaven Coal Ltd (ASX: WHC)	$8.87	4.6%
Woodside Energy Group Ltd (ASX: WDS)	$33.73	4.3%
Worley Ltd (ASX: WOR)	$14.38	3.68%
Santos Ltd (ASX: STO)	$7.96	3.51%
Australia and New Zealand Banking Group Ltd (ASX: ANZ)	$23.74	3.44%
Beach Energy Ltd (ASX: BPT)	$1.705	3.33%
Star Entertainment Group Ltd (ASX: SGR)	$2.76	2.99%
Aurizon Holdings Ltd (ASX: AZJ)	$3.74	2.47%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why are ASX 200 coal shares breaking records yet again?
• Whitehaven share price rallies to new all-time high on Thursday
• Why Clover, Select Harvests, Whitehaven Coal, and Woodside shares are storming higher
• How this fundie is beating the ASX 300 without fossil fuels
• Why is the Coronado share price leaping 9% on Thursday?

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 recommended Aurizon Holdings Limited. 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 Pushpay Holdings Ltd (ASX: PPH) share price fell around 10% today on news the donation and church management software business is now unlikely to be taken over.

Shares in the ASX tech company closed the day 9.77% lower at 97 cents a share.

For months, there has been a question over whether Pushpay was going to be acquired.

Takeover not likely to happen

According to reporting by The Australian, private equity group BGH Capital and “at least one other party” have been interested in buying the business.

Goldman Sachs has been advising Pushpay through this process, though it was certainly not guaranteed that a takeover was going to happen.

There has been hefty volatility on share markets in recent months as investors get used to higher interest rates while central banks try to control the strong inflation being experienced around the world.

Lower earnings and multiples

Not only are businesses now having challenges in relation to their costs – such as wages and rent – but investors are now seemingly offering a lower multiple for the earnings. This is also called the price/earnings (P/E) ratio.

The Australian reported: “BGH Capital, advised by Craigs, and global fund Sixth Street have an interest in 20.3% of Pushpay shares. The likely scenario is that BGH Capital and Sixth Street have returned to the negotiating table with a lower price, which is not to the liking of Pushpay’s board.”

With the likely end of a potential takeover, the Pushpay share price has dropped 23% this year and it’s down 27% from the end of May 2022.

Why do interest rates and inflation matter?

As Warren Buffett once said about interest rates:

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.

Latest Pushpay result

For the year ended 31 March 2022, Pushpay reported that its operating revenue rose by 13% to US$202.8 million. Excluding Resi Media, Pushpay increased operating revenue by 6% to US$190.6 million. Net profit after tax (NPAT) went up 7% to US$33.4 million.

In FY23, the company is expecting operating revenue growth of between 10% to 15%. It’s also expecting a “strong growth outlook from FY24 onward”.

The post Pushpay share price dives 10% as takeover validity questioned appeared first on The Motley Fool Australia.

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• Why Lake, Pushpay, South32, and Tyro shares are dropping
• I think these 2 ASX shares are buys due to exciting growth potential
• Does the bull beat the bear for this ASX tech share?

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 PUSHPAY FPO NZX. The Motley Fool Australia has positions in and has recommended PUSHPAY FPO NZX. 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 Bitcoin (CRYPTO: BTC) price slipped back below the psychologically important US$20,000 level as most Aussies were just starting their day.

As the sun peaked over eastern shores, the world’s number one crypto was trading for US$19,793.

The Bitcoin price briefly managed to break back above US$20,000 but in the afternoon, it has dipped back to US$19,995.

Though still commanding an impressive market cap of some US$384 billion, BTC is down a painful 71% since hitting its all-time highs of US$68,790 on 10 November last year.

Why is the Bitcoin price again under pressure?

Bitcoin came under renewed pressure on Wednesday night following an unexpected uptick in inflation figures out of the United States.

Investors had been hoping to see inflation in the world’s top economy easing. Instead, it went the other direction. Consumer price inflation notched 0.1% higher in August month on month. Core inflation, which takes out food and energy prices, increased a sharp 0.6% from July.

This, of course, bodes poorly for risk assets like the Bitcoin price and most all cryptos. August’s higher inflation figures virtually lock in further aggressive tightening by the US Fed, the world’s most influential central bank.

Commenting on the outlook for rates in the US, head of US economic research at Renaissance Macro Research Neil Dutta said (courtesy of Bloomberg):

The CPI report increases the odds that the Fed hikes by at least another 100 basis points over the November-to-December time frame. This takes the federal funds rate above 4% by year end.

Chief economist at KPMG Diane Swonk agreed, adding, “The CPI puts a 1% hike on the table, and given the hawkish tone the Fed has delivered, ups the ante they will do it.”

The tech-heavy NASDAQ, a solid proxy for investor risk appetite, shed almost 5% on the news.

The Bitcoin price, which stood at US$22,674 before the inflation figures were released, has lost 12% since then.

The post Why did the Bitcoin price just dip below US$20,000? appeared first on The Motley Fool Australia.

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More reading

• Why you should buy Block stock (and it’s not Bitcoin)
• As stocks swoon, can crypto get its mojo back?
• Why Bitcoin and Solana are sinking today
• Why Bitcoin plunged on Tuesday
• The Bitcoin price has tumbled 50% in 2022 but this expert says crypto ‘is here to stay’

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 Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. 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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For most investors of ASX-listed tech shares, 2022 has been a year you’d prefer to erase from the memory bank. However, I believe the heavy-handed selling has produced a number of opportunities in the process.

The information technology sector has been hit the hardest by a flurry of headwinds this year. It’s understandable that investors might take the foot off the gas of loss-making investments as liquidity dries up and the cost of capital surges.

Though, it seems high-quality and profitable businesses have also been tossed to the wayside amid the panic to exit anything tech-related. In my eyes, one such ASX tech share that has succumbed to this situation is Objective Corporation Limited (ASX: OCL).

Here’s why I believe this company could be a beast in a decade’s time.

Like buying TechnologyOne more than a decade ago

When I look at Objective Corp, I see many similarities to enterprise software giant TechnologyOne Ltd (ASX: TNE). Both companies were founded in 1987, both offer a suite of software solutions for government and private enterprises, and both have long been committed to reinvesting 20% of annual revenue into research and development.

Where the two begin to differ is the scale of their respective businesses today. Objective Corp currently holds a market capitalisation of $1.36 billion, whereas TechnologyOne touts a valuation of $3.78 billion.

Likewise, the financials of Objective Corp are dwarfed by those of TechnologyOne. In FY22, the smaller ASX tech share achieved revenue of $107 million and net profit after tax (NPAT) of $21 million. Meanwhile, its larger peer recorded $339 million in revenue and $78 million in NPAT in the latest trailing 12-month period.

However, if we flick back to a full-year report from TechnologyOne in 2010, the financials look very similar to the current day Objective Corp:

Metric	FY2010 TechnologyOne	FY2022 Objective Corp
Revenue	$135.8 million	$107 million
% growth	11%	12%
NPAT	$17.8 million	$21 million
% growth	14%	30%
R&D investment	$27.2 million	$25 million
Subscription-based revenue %	48%	73%

I suspect that Objective Corp is replicating the strategy that paved the way to TechnologyOne’s major software-as-a-service success. Since 2010, the Brisbane-based software company has returned more than 1,200% for shareholders.

Why this ASX tech share has been sold down

The reality is that the Objective Corp share price has been pummelled to the tune of 28% in 2022. Despite the sell-off, the company’s price-to-earnings (P/E) ratio remains at an above-average 70 times earnings. By comparison, TechnologyOne currently trades on a P/E of around 49 times.

In my opinion, the increased transition to cloud-based products and recurring revenue will gradually reduce Objective Corp’s operating expenses. In turn, earnings could experience strong growth and begin to make the company’s valuation much more attractive.

For those reasons, this is an ASX tech share I personally believe makes for a compelling investment.

The post Why I reckon the market has it totally wrong about this ASX tech share in 2022 appeared first on The Motley Fool Australia.

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• Experts say investors should buy these ASX 200 shares
• 2 profitable ASX tech shares analysts say are buys with 20%+ upside
• Here’s why analysts have slapped buy ratings on these ASX shares
• Experts name 3 ASX growth shares to buy in September
• 3 ASX All Ords shares tumbling lower following full-year results

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Objective Corporation Limited. The Motley Fool Australia has recommended TechnologyOne Limited. 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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These ASX 200 coal shares are firing up again to hit record highs today despite the broader market keeping afloat.

At the time of writing, the S&P/ASX 200 Index (ASX: XJO) is up 0.26% after $60 billion was wiped off during yesterday’s market rout.

Global stocks too plunged following the release of the downbeat US inflation report for the month of August.

The Dow Jones Industrial Average Index (DJX: .DJI) recorded its worst day since June 2020 to fall 3.94% on Tuesday, while the NASDAQ-100 (NASDAQ: NDX) tanked 5.54%.

Nonetheless, despite the doom and gloom, the ASX’s coal miners are steaming ahead on the back of the current energy crisis.

The Whitehaven Coal Ltd (ASX: WHC) share price touched an all-time high of $5.96 earlier today.

However, some profit takers have caused the share to slightly retrace to $5.92, up 5.19%.

On the other hand, the New Hope Corporation Limited (ASX: NHC) share price rocketed to a record $5.85 just after midday.

At the time of writing, its shares are 6.01% higher to $5.82.

And lastly, the Coronado Global Resources Inc (ASX: CRN) share price is also pushing higher by 9.14% to $1.85. Although it isn’t moving into unchartered territory today, it is still worth mentioning given its strong ascent.

For the record, Coronado shares hit an all-time high of $2.49 on 5 May 2022.

Let’s take a look at what’s fuelling these top ASX 200 coal shares to such levels.

What’s fuelling these ASX 200 coal shares?

The price of coal is close to returning to its record high as global demand ramps up for sources of reliable energy.

According to Trading Economics, Newcastle coal futures are fetching at US$444 a tonne, up 1.1% from its previous close.

The all-time high reached for the price of coal was US$457.80 per tonne, earlier this month.

With the Russian war in Ukraine dragging on, European nations are scrambling to secure coal reserves for the upcoming winter.

In addition, India has increased imports as coal inventories have hit their lowest pre-summer levels since 2013.

The world’s second-largest coal importer wants enough coal to meet demand for the next three years.

India receives more than 90% of coal imports from Australia, Indonesia, and South Africa.

The post Why are ASX 200 coal shares breaking records yet again? appeared first on The Motley Fool Australia.

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More reading

• Whitehaven share price rallies to new all-time high on Thursday
• Why Clover, Select Harvests, Whitehaven Coal, and Woodside shares are storming higher
• How this fundie is beating the ASX 300 without fossil fuels
• Why is the Coronado share price leaping 9% on Thursday?
• Here are the top 10 ASX 200 shares today

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

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The Zip Co Ltd (ASX: ZIP) share price has been largely unmoved by news the company has handed over 2.5 million new shares to the vendors of Quadpay.

The embattled ASX buy now, pay later (BNPL) share issued the new shares as part of its acquisition of the US BNPL.

The handover was approved by Zip’s shareholders at an extraordinary general meeting back on 31 August 2020.

New share issue doesn’t faze shareholders

The Zip share price is currently down 1.71% in afteroon trade to 86 cents. This puts the value of the new share consideration at $2.15 million.

But the takeover could be the last one Zip does for a while with its expansion plans largely derailed. The BNPL world has dramatically changed with surging inflation forcing central banks to aggressively hike rates.

When money was cheap, interest-free type offerings could generate good profits. But with rates rising quickly and government regulators tightening oversight of the sector, the next few years could be challenging.

Zip shares on the retreat as interest rates advance

In this new environment, Zip has retreated from the UK and Singapore markets and is focusing on the US and Australia-New Zealand (ANZ).

The company is putting on a brave face, even with the Zip share price shedding 87% of its value over the past year.

Last month, Zip reported a 51% increase in FY22 total transaction volumes to $5.7 billion as customer numbers lifted 64% to 7.3 million.

Still aiming for growth

Management also added that customer arrears are improving as it stepped up its screening and risk management.

Further, Zip is reassuring investors that its takeover of Quadpay is paying off. It reported strong growth in that market.

Zip allows users to split the cost of purchases over four interest-free payments, much like its competitors.

The company has a medium-term target to grow revenue by 7% to 7.5% and increase cash earnings before tax, depreciation and amortisation by 1-2%.

Zip share price snapshot

The Zip share price isn’t the only one on the nose. Fellow BNPL company Block Inc CDI (ASX: SQ2) is also nursing losses of more than 40% in the past year.

In contrast, the All Ordinaries (ASX: XAO) has surrendered around 8% of its value over the period.

The post Look who just landed more than $2 million worth of Zip shares appeared first on The Motley Fool Australia.

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More reading

• Smashed! Why is the Block share price down 4% today?
• Why are ASX 200 tech shares being hit the hardest on Wednesday?
• Why is the Zip share price plummeting 7% on Wall Street woes
• Why are ASX 200 shares tumbling like dominos on Wednesday?
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Brendon Lau has positions in Block, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc. and ZIPCOLTD FPO. The Motley Fool Australia has positions in and has recommended Block, Inc. 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 Galileo Mining Ltd (ASX: GAL) share price has exploded in recent times, but could it keep going higher?

Since market close on 6 May, the company’s share price has exploded 510%. Today alone, Galileo shares are rising 11%.

Let’s take a look at the outlook for the Galileo Mining share price.

Can Galileo go higher?

Galileo Mining is exploring metals for an electric future in Western Australia. These include nickel, copper, cobalt, palladium, nickel, platinum and rhodium.

Seneca investment advisor Arthur Garipoli is optimistic Galileo can keep rising into the future.

Garipoli highlighted that the company’s significant palladium and platinum discovery in May “resulted in a soaring share price”. He said.

We believe the company is set up for an extended, uninterrupted period of drilling, assays and results.

Recently, Galileo shared news of massive sulphides discovered at the Callisto palladium project. Further assay results from the project are due in mid to late September.

Galileo, in a recent presentation, highlighted a strong cash position of $7 million. Major shareholders include investor Mark Creasy and IGO Ltd (ASX: IGO).

Galileo share price snapshot

The Galileo share price has soared 442% in the year to date, while it has risen 275% in the past year.

For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has fallen nearly 5% in the year to date.

Galileo has a market capitalisation of more than $240 million based on the current share price.

The post Up 500% since May, can the Galileo Mining share price keep shooting for the stars? appeared first on The Motley Fool Australia.

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More reading

• Expert names 2 ASX shares to buy for ‘extended, uninterrupted’ good times

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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After the wipeout we saw on the Australian share market yesterday, today’s performance has been far kinder to ASX investors. At the time of writing, the S&P/ASX 200 Index (ASX: XJO) has regained a tentative 0.26% and is back to around 6,850 points so far.

So let’s delve a little deeper into this recovery and have a look at the ASX shares that are presently coming in at the top of the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

Pilbara Minerals Ltd (ASX: PLS)

First up today is the ASX 200 lithium producer Pilbara Minerals. This Thursday has seen a notable 24.5 million Pilbara shares exchanged on the markets.

There’s been nothing of note out of the company itself. But we can say with relative certainty that this volume is probably the consequence of the new record high Pilbara has hit today. The lithium share has been on fire for at least the past month, and has been racking up new highs what seems like every few days.

Today is no different, with the company touching a new high watermark of $4.80 around lunchtime. Pilbara is presently up a pleasing 2.72% at $4.71 a share.

Core Lithium Ltd (ASX: CXO)

Another ASX 200 lithium share in Core Lithium is next up today. So far this Thursday, a hefty 23.87 million Core shares have been bought and sold on the ASX boards. There hasn’t been any news out of Core Lithium either.

Unfortunately, the company’s shares have gone the other way from Pilbara today, and have notched up a big loss. Core Lithium is presently down by a nasty 5.33% at $1.51 a share. It’s this sizeable sell-off that has probably prompted the high volumes we are seeing.

South32 Ltd (ASX:S32)

Changing pace somewhat, our final share today is none other than diversified ASX 200 miner South32. This Thursday has seen a significant 32.19 million South32 shares traded on the markets thus far. Again, we have another big share price drop to cover here.

South32 is currently nursing a seemingly nasty 7.06% drop today, putting the miner down at $4.02 a share. However, it’s not as bad as it seems, with South32 going ex-dividend today for its upcoming final dividend payment. This is the likely catalyst behind this company’s presence at the top of the volume charts for this session.

The post Here are the 3 most heavily traded ASX 200 shares on Thursday appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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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One S&P/ASX 300 Index (ASX: XKO) insider seemingly couldn’t go past snapping up more shares in their embattled company earlier this week.

Rural Funds Group (ASX: RFF) managing director David Bryant indirectly purchased close to $1 million worth of shares in the real estate investment trust (REIT) on Monday.

At the time of writing, the Rural Funds share price is $2.59. That’s 1.15% lower than its previous close and 17% lower than it was at the start of 2022.

For context, the ASX 300 is lifting 0.27% today but has slumped 10% year to date.

Let’s take a closer look at the ASX 300 insider’s latest investment.

ASX 300 boss snaps up nearly $1m worth of shares

The Rural Funds share price has underperformed the ASX 300 by 7% so far this year, but that hasn’t deterred one of the company’s directors from snapping up its shares.

David Bryant seemingly took advantage of the stock’s recent weakness, indirectly buying 389,000 shares on the market earlier this week for close to $2.57 apiece.

The transaction was worth approximately $998,400 in total and left the Rural Funds boss with 16.7 million shares in the company.

Bryant established the REIT 25 years ago and has continued to lead it since.

The company manages a $1.5 billion portfolio of 68 Australian agricultural properties cultivating all kinds of commodities from almonds and macadamias to poultry and cattle. 

Its property revenue lifted 10% to nearly $74 million in financial year 2022 while its dividends rose 4% to 11.73 cents per share. That leaves the company trading with a 4.5% dividend yield right now.

This week’s purchase marks the third time Bryant has upped stake investment in the company this year.

He indirectly snapped up 188,000 shares for $2.77 apiece on 22 February and another 185,000 stocks for $2.68 apiece on 24 February.

And while the REIT has underperformed the ASX 300 so far this year, its longer-term performance is far more optimistic.

The Rural Funds share price has fallen 2% to the ASX 300’s 8% tumble over the past 12 months.

Looking even further back, the stock has gained 19% over the last five years while the index has lifted 21%.

The post Guess which ASX 300 director loaded up on almost $1m of their company’s shares this week 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 positions in and has recommended RURALFUNDS STAPLED. 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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