This week, we bid farewell to winter… and another tumultuous ASX earnings season. So now, looking ahead to the brighter days of spring, hopefully the stock market can also deliver some healthy new growth.

Armed with a barrow full of info on which listed companies have been flourishing and floundering, we asked our Foolish contributors to let us know which ASX shares they reckon are worth planting some cash in right now.

Here’s what the team came up with:

8 best ASX shares for September 2022 (smallest to largest)

• DroneShield Ltd (ASX: DRO), $88.67 million
• Airtasker Ltd (ASX: ART), $184.92 million
• Alcidion Group Ltd (ASX: ALC), $196.55 million
• Lovisa Holdings Ltd (ASX: LOV), $2.31 billion
• Core Lithium Ltd (ASX: CXO), $2.39 billion
• Lynas Rare Earths Ltd (ASX: LYC), $7.78 billion
• South32 Ltd (ASX: S32), $19.21 billion
• CSL Limited (ASX: CSL), $141.57 billion 

(Market capitalisations as of 31 August 2022)

Why our Foolish writers love these ASX shares

DroneShield Ltd

What it does: DroneShield specialises in designing and developing products to detect and disable threats from unmanned drones.

By Aaron Teboneras: The DroneShield share price sank by more than 19% on Wednesday, and I believe the stock is now trading at a bargain.

The substantial fall came on the heels of DroneShield’s half-year results, which were released after market close on Tuesday. In its release, the company advised it had achieved revenue of $3.6 million, down 6% on the prior period ($3.9 million was delivered in the second half of 2021).

However, taking a closer look at some other key metrics, the company recorded cash receipts of $5.2 million in the first half of 2022. This represents a growth of 21% when compared to the $4.3 million recognised in the second half of 2021.

DroneShield said the difference between the revenue and cash receipts received in H1 2022 related to payments received in advance.

The counter-drone market is growing rapidly with a forecast total addressable market of around $5.9 billion by 2026.

In its 2022 second-quarter update, DroneShield also noted the highly favourable macro environment arising from the Russian war in Ukraine, with both sides demonstrating extensive use of small drones.

With this in mind, defence budgets globally, including that of the Australian Government, have been rapidly increasing.

Motley Fool contributor Aaron Teboneras owns shares in DroneShield Ltd.

Airtasker Ltd

What it does: Airtasker operates an online local services platform that helps people who want a task completed connect with those who want to do the work. Furniture assembly, removalist services, website design, handyman services and photography are just some examples of the categories on offer.

By Tristan Harrison: I’m looking for compelling ASX growth shares that are attractively valued.

The Airtasker share price has dropped by around 50% in 2022, but the company is generating solid double-digit growth. In FY22, its gross marketplace volume rose 23.8% to $189.6 million, while revenue increased 18.4% to $31.5 million.

Airtasker also reported that, excluding research and development (R&D) costs, it made positive earnings before interest, tax, depreciation and amortisation (EBITDA) of $1.3 million at the ‘Australian marketplace and head office operations’ EBITDA level.

I’m also excited by the company’s international potential. In the United States, in the FY22 fourth quarter, the number of posted tasks grew 49% quarter-on-quarter.

Motley Fool contributor Tristan Harrison does not own shares in Airtasker Ltd.

Alcidion Group Ltd

What it does: Alcidion provides software solutions to the healthcare industry to improve patient outcomes. The company’s flagship product is known as Miya Precision, which incorporates everything from bed management to patient monitoring.

By Mitchell Lawler: Alcidion released its full-year FY22 report earlier this week, showing a continuation of the company’s tremendous growth momentum.

For the 12 months, the software provider achieved record revenue of $34.4 million, an increase of 33% from the year prior. Notably, the time frame included one entire half’s worth of contribution from Alcidion’s Silverlink acquisition.

Ultimately, the two most promising indicators for me from the recent results are the company’s lessening dependence on revenue from Australia and New Zealand, reducing geographic risk, and the further improvement in recurring revenue composition, which reached around 68%.

The current valuation could be attractive if management continues to deliver on geographic and client expansion at this pace.

Motley Fool contributor Mitchell Lawler does not own shares in Alcidion Group Ltd.

Lovisa Holdings Ltd

What it does: Jewellery and accessories retailer Lovisa is a staple in many shopping centres around Australia and the world. In addition to its extensive network of brick-and-mortar stores, Lovisa operates a successful e-commerce business.

By Brooke Cooper: Last financial year was a ripper for Lovisa. Its revenue surged 59%, it posted a $59.9 million profit and entered four new markets. It also more than doubled its final dividend to 37 cents per share.

And it’s not expected to slow down soon. Morgans analyst Andrew Tang dubbed the company’s earnings a “goldmine”, saying:

“What was even more remarkable than the result itself was the phenomenal scale of [Lovisa’s] ambition.

“The momentum of growth is expected to increase in FY23, and the addition of further new markets … appears more than likely. In our opinion, it won’t stop there.”

Motley Fool contributor Brooke Cooper does not own shares in Lovisa Holdings Ltd.

Core Lithium Ltd

What it does: Core Lithium is a resource explorer with a key focus on lithium. Its Finniss Lithium Project, located just south of Darwin Port in the Northern Territory, is under development.

By Bernd Struben: Core Lithium has been a stellar performer over almost any longer-term time frame you choose. Shares reached an all-time high of $1.62 on 15 August. At the time of publication, Core Lithium shares are up by around 122% in 2022 and 288% over 12 months. But I don’t think the ship’s sailed on the good times just yet.

In July, Core Lithium reported that its Finniss construction was progressing on track to export the first lithium by the end of 2022. This comes in an environment where lithium demand and prices are soaring amid the global shift to EVs and battery grid storage.

UBS recently upgraded its lithium price forecasts by 37%. UBS expects global demand for the critical battery metal to rocket 700% by 2030.

Motley Fool contributor Bernd Struben does not own shares in Core Lithium Ltd.

Lynas Rare Earths Ltd

What it does: Lynas has expertise in integrating rare earths metals from mine to metal. It has a portfolio of assets concentrated in the exploration and production of rare earths.

By Zach Bristow: China currently supplies around 80% of the world’s rare earths. But recently, growing geopolitical tensions have highlighted the world’s need to diversify its supply chain. According to its website, Lynas “holds a unique position as the only significant producer of scale of separated rare earths outside of China”.

It also has a considerable first-mover advantage over its ASX competitors. I believe this places the company in a prime position to capitalise on industry tailwinds that could see demand for Australian rare earths soar in the coming few years. This optimism was echoed in research from Jevons Global in a recent note. 

Lynas shares are also rated as a buy by four out of seven brokers, with a consensus price target of $9.89 per share, according to Refinitiv Eikon data. At the time of writing, Lynas trades on a 14.4x trailing price-to-earnings (P/E) ratio and presents with a 3.5% free cash flow yield and 6.7% earnings yield. 

The Lynas share price closed Wednesday’s session around 3% higher at $8.88.

Motley Fool contributor Zach Bristow does not own shares in Lynas Rare Earths Ltd.

South32 Ltd

What it does: South32 is a diversified mining company with extensive global operations in base metals such as lead, aluminium, copper, zinc, and nickel.

By Sebastian Bowen: ASX 200 mining company South32 could well be worth a look this September, even though the company has already had quite a stellar run in 2022 thus far. South32’s earnings last month contained a bumper 362% increase in annual dividends to 22.7 US cents per share. That’s in addition to the special dividends worth another 3 US cents.

But ASX broker Morgans reckons the shares could climb to $5.50 over the next 12 months, which would give investors around 30% upside from today’s price of $4.15. The broker also expects the company to deliver even higher dividends for FY23. As such, I believe South32 shares are well worth considering as we enter spring.

Motley Fool contributor Sebastian Bowen does not own shares in South32 Ltd.

CSL Limited

What it does: CSL is a global biotechnology company that develops and delivers innovative therapies and vaccines that save lives, protect public health, and help people with life-threatening medical conditions to live full lives.

By James Mickleboro: I think CSL shares could be a quality option for investors in September.

The last couple of years have been tough for the company due to COVID-19 impacting plasma collections. Since plasma is a key ingredient in CSL’s therapies, the lack of supply meant the company was paying over the odds to donors, putting pressure on margins.

The good news is that plasma collections are now at pre-COVID levels. And with its new collection technology expected to result in greater yields, CSL’s margins look likely to start improving again in the near term.

Combined with strong demand for its immunoglobulins, the acquisition of Vifor Pharma, and new product launches on the horizon, I believe the future looks very bright for the company.

The CSL share price closed Wednesday at $293.54, down by around 5% over the past year.

Motley Fool contributor James Mickleboro does not own shares in CSL Limited.

The post Top ASX shares to buy in September 2022 appeared first on The Motley Fool Australia.

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More reading

• Droneshield share price plunges 19% on revenue slump
• Top brokers name 3 ASX shares to buy today
• Here’s why analysts have slapped buy ratings on these ASX shares
• Could this new piece of legislation be a boost for ASX lithium shares?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alcidion Group Ltd, CSL Ltd., and DroneShield Ltd. The Motley Fool Australia has recommended Alcidion Group Ltd, DroneShield Ltd, and 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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Are you looking for more dividend shares to buy? If you are, you may want to check out the two listed below that have been rated as buys by brokers.

Here’s what you need to know about these top ASX dividend shares:

Harvey Norman Holdings Limited (ASX: HVN)

The first ASX dividend share that has been tipped as a buy by brokers is Harvey Norman.

According to a note out of Goldman Sachs, its analysts have retained their buy rating and lifted their price target on the retail giant’s shares to $4.80.

Its analysts believe the company is well-placed to defend its strong market position from online disruption thanks to its favourable customer demographics. It is partly for this reason that the broker is forecasting profits ahead of consensus estimates in FY 2023. It explained:

Despite a slowing macro and housing market dragging FY23/24E earnings, we believe this is sufficiently factored into consensus and is more defensive on competition due to its regional, premium boomer exposure and higher % of bulky items (not shipped by Amazon yet). Our FY23 NPAT is +7% vs FactSet consensus and our TP implied ex-property FY24E P/E of ~5x with dividend yield of 8%. We believe that HVN offers 21% TSR at an attractive valuation; reiterate buy

As for dividends, the broker is forecasting fully franked dividends per share of 38 cents in FY 2023 and 32 cents in FY 2024. Based on the current Harvey Norman share price of $4.23, this will mean yields of 9% and 7.5%, respectively.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share that has been tipped as a buy is Super Retail.

According to a note out of Morgans, its analysts have recently retained their add rating with an improved price target of $13.00.

Morgans was pleased with Super Retail’s full year results and believes that it should have a strong first half to FY 2023. This is expected to underpin another generous dividend payment for the full year. The broker commented:

SUL surprised the market by reporting much more resilient earnings in FY22 than had been forecast. EBIT of $397m was 15% higher than our estimate due to 4% higher sales and 110 bp higher margins.

With no signs yet that the consumer is pulling back in Australia, it looks likely that 1H23 earnings will be resilient, especially against lockdown-affected comps. We still model a 17% y/y decline in PBT in FY23, but we have pulled that number up by 6% after today’s strong result.

Morgans is forecasting fully franked dividends per share of 56 cents in FY 2023 and 58 cents in FY 2024. Based on the latest Super Retail share price of $10.58, this will mean yields of 5.3% and 5.5%, respectively.

The post Brokers name 2 top ASX dividend shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Harvey Norman share price slips despite FY22 sales nearing $10b
• 5 things to watch on the ASX 200 on Wednesday
• ‘Stronger-than-expected sales to drive a re-rating’ of this ASX 200 share: Goldman
• Morgans names 2 ASX shares to buy today
• Here are the top 10 ASX 200 shares today

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 Harvey Norman Holdings Ltd. and Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. and Super Retail Group 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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On Wednesday, the S&P/ASX 200 Index (ASX: XJO) fought hard but ultimately fell a touch short of ending in positive territory. The benchmark index edged 0.15% lower to 6,986.8 points.

Will the market be able to bounce back from this on Thursday? Here are five things to watch:

ASX 200 expected to fall again

The Australian share market looks set to tumble on Thursday after another poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 64 points or 0.9% lower this morning. On Wall Street, the Dow Jones fell 0.9%, the S&P 500 dropped 0.8%, and the NASDAQ edged 0.55% lower. This was the fourth consecutive day of declines for the Dow and S&P 500.

BHP shares trade ex-dividend

The BHP Group Ltd (ASX: BHP) share price is likely to trade lower again on Thursday. This is because the mining giant’s shares are going ex-dividend this morning for its monster fully franked final dividend of $2.471 per share. This represents a yield of 6.1% based on the latest BHP share price. Eligible shareholders can look forward to receiving this dividend later this month on 29 September.

Oil prices continue to slide

Energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have another tough day after oil prices dropped again on Wednesday night. According to Bloomberg, the WTI crude oil price is down 2.7% to US$89.15 a barrel and the Brent crude oil price is down 2.8% to US$96.50 a barrel. Recession fears continue to weigh on sentiment.

Webjet rated as a buy

The Webjet Ltd (ASX: WEB) share price could be great value according to the team at Goldman Sachs. In response to the online travel agent’s trading update, the broker has retained its buy rating with a slightly trimmed price target of $6.80. Goldman said: “We believe WEB remains well positioned to capitalise on the recovery through their online OTA offer and more importantly the strengthening position in the Bedbanks market.”

Gold price falls again

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could come under pressure after the gold price dropped overnight. According to CNBC, the spot gold price is down 0.85% to US$1,721.40 an ounce. This meant that gold recorded its fifth monthly decline in a row.

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

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More reading

• How does the Rio Tinto dividend stack up against what BHP is offering?
• 3 ASX All Ords shares that leapt over 10% today
• Here are the top 10 ASX 200 shares today
• Why Deep Yellow, Nitro, Tyro, and Webjet shares are storming higher
• Why DGL, PointsBet, Tabcorp, and Woodside shares are dropping today

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 recommended Webjet 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 All Ordinaries Index (ASX: XAO) closed 0.06% lower today as the ASX reporting season wraps up for another year.

The following ASX All Ords shares spent a day in the red as well, after releasing FY22 and half-yearly results today. However, a late rally saw two of the companies return to base. Let’s take a look.

Healthia Ltd (ASX: HLA)

The Healthia share price dropped 4% today after the ASX-listed healthcare company brought in some subdued results for FY22.

The top line did quite well with revenue growth of 44.4% to $202.8 million, but Healthia recorded a net loss of $3.3 million.

Healthia attributes the loss to flooding events across Southeast Queensland and New South Wales, staff absenteeism and cancellations stemming from COVID-19. On top of this, there were one-off non-recurring acquisition, integration and restructuring costs.

Across the year, Healthia deployed $111.3 million in capital towards acquiring 95 new businesses. This includes the 63 Back In Motion physiotherapy clinics, enabling Healthia to become one of the largest health providers in Australia and New Zealand.

However, these acquisitions stretched Healthia’s balance sheet. It increased borrowing to around $77 million and managed to negotiate an extension of its finance facility from $70 million to $100 million.

Management advised that it expected to record underlying earnings before interest, taxation, depreciation and amortisation of more than $40 million in FY23.

Healthia also plans to spend at least $20 million on acquisitions in FY23.

The company’s current market capitalisation is around $231 million.

Family Zone Cyber Safety Ltd (ASX: FZO)

The Family Zone share price spent all day in the red on the back of a poor set of financial results for FY22 before returning to its previous closing price of 40 cents apiece in the final moments of trading. The company is focused on developing a cyber safety and parental control platform.

Revenue increased 399% from $8.96 million in FY21 to $44.73 million in FY22, but this couldn’t curtail the hefty jump in its net loss. Family Zone recorded a 243% increase in its net loss from $21.98 million in FY21 to $75.38 million in FY22.

The significant change in results is due to the company’s acquisition of Smoothwall and Cipafilter during the year.

Family Zone currently holds $32.75 million in cash and $0.2 million in long-term borrowings.

Operating cash outflow jumped from negative $15.48 million in FY21 to negative $37.32 million in FY22.

Family Zone’s market capitalisation is around $352.23 million.

Audio Pixels Holdings Ltd (ASX: AKP)

The Audio Pixels share price fell by as much as 3% today on the back of soft results for HY22. However, shares in the ASX All Ords company also rallied back to their previous closing price of $14.47 in the final moments of trading.

Revenue went up from $58.3 million in HY21 to $78.6 million in HY22. Audio Pixels’ net loss also went in the right direction, improving from $1.6 million to $0.68 million. However, when you account for foreign exchange differences, net loss rose from $2.66 million in HY21 to $2.98 million in HY22.

Operating cash outflow improved slightly from $2.64 million in HY21 to $2.50 million in HY22.

It appears Audio Pixels needs to raise more capital or rely on more debt given it holds $0.59 million in current assets and $1.40 million in current trade payables.

Audio Pixels relied heavily on unsecured borrowings of $2.39 million in HY22.

The current market capitalisation of Audio Pixels is around $415 million.

The post 3 ASX All Ords shares beaten up on results appeared first on The Motley Fool Australia.

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More reading

• Why Audio Pixels, Coles, EML, and Nanosonics shares are sinking today

Motley Fool contributor Raymond Jang 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 HEALTHIA FPO. The Motley Fool Australia has recommended HEALTHIA FPO. 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 of the blockbuster reports this earnings season was from the ‘big dog’ of the ASX, BHP Group Ltd (ASX: BHP). But BHP’s fellow ASX 200 miner Rio Tinto Limited (ASX: RIO)? Not so much.

BHP revealed its full-year results for FY22 back on 16 August, and they certainly caused quite a stir. The BHP share price leapt more than 4% that day and was almost 10% higher by the end of last week. The savage selling we have seen over this week has brought the mining giant back to earth somewhat, but we can still come to the conclusion that investors loved what the miner had to say.

No doubt this was assisted by BHP’s dividend announcement. The Big Australian declared a final dividend of US$1.75 per share. That’s 12.5% lower than the monstrous final dividend of US$2 per share that we saw last year, but it still makes BHP’s previous payouts before that pale in comparison.

But how does this stack up against Rio Tinto, BHP’s largest mining rival on the ASX? Rio was one of the first ASX 200 shares out of the gate this reporting season, delivering its half-year results back on 27 July.

So what did Rio have to say in the dividend department last month?

How do Rio’s dividends stack up against BHP?

Well, this might be the reason why investors were talking about the BHP dividend, and not Rio’s.

Rio Tinto announced an interim dividend of US$2.67 per share. Unlike last year, the company did not declare a special dividend to go along with it. This dividend represents a nasty 24.7% drop from last year’s payout, or around 50% if you include the special dividends.

So where does this leave the Rio Tinto dividend today compared to BHP?

Well, If we take Rio’s last final dividend and special dividend with this latest interim dividend, we get a total of $10.47 per share in dividend payouts. This works out to represent a dividend yield of 11.05% on current pricing. That’s 10.14% without including the special dividend.

In contrast, BHP’s last two dividends (including the latest final dividend) give the miner a dividend yield of 11.34% at current pricing.

So in terms of raw yield, BHP shares are pipping BHP at the present share pricing. But take this with a grain of salt, given the number of moving parts here. It can be fairly concluded that both of these mining giants have a lot to offer investors when it comes to dividend income right now.

The post How does the Rio Tinto dividend stack up against what BHP is offering? appeared first on The Motley Fool Australia.

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More reading

• What’s going wrong for ASX 200 iron ore shares on Wednesday?
• Time is running out to secure the next BHP dividend. Here’s the lowdown
• 3 popular ASX 200 shares going ex-dividend tomorrow
• Woodside dividend tripled: Here’s everything you need to know
• Woodside share price lifts on 400% profit surge

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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The Hawsons Iron Ltd (ASX: HIO) share price had a day to remember on Wednesday, closing up almost 24%.

Shares of the iron ore producer finished the day at 42 cents each after opening the day at 32.5 cents a share.

The Hawsons Iron share price outstripped its sector peers by a wide margin with the S&P/ASX 200 Materials Index (ASX: XMJ) recording a 1.4% loss today.

Hawsons outperformed BHP Group Limited (ASX: BHP), which finished down 2.75% at $40.60 a share, and Fortescue Metals Group (ASX: FMG). Fortescue closed 2.06% lower at $18.42 per share.

Meanwhile, the spot price for iron ore is also down considerably today, trading 4.71% lower at $US104.92 per dry metric tonne, according to MarketsInsider.

There was also no news posted by the company today to justify the steep climb in its shares. So what’s going on? Let’s investigate by recapping some recent coverage about the company.

What’s going on with Hawsons Iron lately

Most recently, on 17 August, the Hawsons Iron share price slumped 7% amid lower iron ore prices and the company rejecting court claims against it from Pure Metals.

Hawsons acquired Pure Metals’ 24.15% interest in the Hawsons Iron project, completing its acquisition in May 2021.

On 5 August, there was more bullish news about the company. It was announced US investment firm LDA Holdings would finance Hawsons Iron to the tune of $200 million. The company’s shares lifted from 30 cents to 31 cents per share on the day.

In light of these events and the price action of the broader market today, it seems the Hawsons Iron share price has decoupled from fears surrounding iron ore. These include pessimism surrounding the economic slowdown in China, the major customer for Australian iron ore.

It seems the emerging iron ore producer was writing its own script today.

Hawsons Iron share price snapshot

The Hawsons Iron share price is up 180% year to date. At the same time, the S&P/ASX 200 Index (ASX: XJO) is down 8% over the same period.

The company’s current market capitalisation is approximately $311 million.

The post Why did the Hawsons Iron share price shoot 24% higher today? appeared first on The Motley Fool Australia.

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More reading

• Why is the Hawsons Iron share price slumping 9% today?
• This US investment house has made tens of millions from Brainchip. Guess which other ASX share it’s backing

Motley Fool contributor Matthew Farley 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 All Ordinaries Index (ASX: XAO) had a fairly disappointing day of trading on Wednesday. At market close, the All Ords had slipped by 0.06% to 7,226.1 points. But that doesn’t mean all All Ords shares are following suit.

So let’s check out three ASX All Ords shares that had had a cracker of a day today, each rising over 10% at one point.

3 All Ords shares that leapt over 10%

Webjet Limited (ASX: WEB)

ASX travel share Webjet is our first All Ords company to take stock of today. Webjet shares fiished up a healthy 8.02% at $5.52 each. But the travel company rose as high as $5.70 after lunchtime, a gain worth more than 11% at the time.

This seems to be a response to the trading update the company put out this morning alongside its annual general meeting. This informed investors that Webjet has had a great and profitable start to FY23.

The company expects cash flow to exceed $100 million over the first half of the financial year. Investors have obviously liked what they heard there.

Tyro Payments Ltd (ASX: TYR)

Tyro Payments is another ASX All Ords share that had a day to remember this Wednesday. At the close, the Tyro share price finished 11.93% higher at $1.22 after climbing as high as $1.23 this morning.

In this case, it seems investors are continuing to flood into Tyro shares following the company’s full-year earnings for FY22 that were delivered on Monday.

Tyro announced a 34% rise in payments statutory gross profit to $147.7 million. But it also reported a statutory loss after tax of $29.6 million, slightly down from the $29.8 million loss of FY21. Even so, investors seem to approve, with Tyro shares now up almost 20% this week.

Clinuvel Pharmaceuticals Limited (ASX: CUV)

Finally today we have All Ords pharma company Clinuvel. Clinuvel shares gained an impressive 16.19% to $20.17 at market close today. Earlier, the Clinuvel share price reached as high as $20.43.

This company also delivered its FY22 numbers yesterday. But the reaction at the time was far more muted than the gains we saw today. Perhaps the investor webinar that was released to investors this morning got some more blood flowing.

This highlighted Clinuvel’s 37% rise in revenues, the 33% increase in net profit before tax to $34.2 million and the 60% spike in the annual dividend to 4 cents per share. Investors evidently liked what the company had to say.

The post 3 ASX All Ords shares that leapt over 10% today appeared first on The Motley Fool Australia.

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More reading

• Why did the Tyro share price surge 12% today?
• Here are the top 10 ASX 200 shares today
• Why did this ASX 200 healthcare share rocket 16% today?
• Why Deep Yellow, Nitro, Tyro, and Webjet shares are storming higher
• Why is the Qantas share price beating the ASX 200 on Wednesday?

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 positions in and has recommended Tyro Payments. The Motley Fool Australia has recommended Tyro Payments and Webjet 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 Tyro Payments Ltd (ASX: TYR) share price was on a tear on Wednesday, closing 12% higher at $1.22.

2022 has been a volatile year for the payments business. While the Tyro share price is still down by around 60% year to date, it has more than doubled since the start of July 2022.

The company didn’t announce any news today. However, it was only a couple of days ago that Tyro released its FY22 result.

But it was not just Tyro shares in the green on Wednesday. Today was a positive day for technology shares and financial shares. The Zip Co Ltd (ASX: ZIP) share price rose 11.7%, the Commonwealth Bank of Australia (ASX: CBA) share price closed 0.95% higher, and the Xero Limited (ASX: XRO) share price finished up 3.72%.

Let’s have a closer look at what’s been happening with Tyro lately.

Experts are optimistic about the Tyro share price

Brokers and analysts have been giving their opinions on the business, and some price targets are pretty bullish.

For example, after looking at the FY22 result, Morgans rates Tyro as a buy with a price target of $1.70. That implies a rise of almost 40% over the next 12 months. The result and earnings guidance were better than the market had been expecting. Morgans thinks that the outlook for FY23 demonstrates the strengthening operating leverage of the business.

Ord Minnett is another broker that rates Tyro as a buy, with a price target of $1.40. The FY22 result was stronger than the broker had been expecting. It also liked the FY23 guidance. It thinks the ASX payments business can grow its market share thanks to new products.

What did the company report in FY22?

Tyro said that the number of merchants using Tyro increased by 10% to 63,770, while the value of transactions increased 34% to $34.2 billion.

The company reported payments revenue of $318.8 million, up 39%, and gross profit of $147.7 million, up 34%. E-commerce now represents 1.5% of total transaction value, which increased 640% to $519.9 million during the year.

It generated earnings before interest, tax, depreciation and amortisation (EBITDA) of $10.7 million, down from $14.2 million in FY21 but better than expected. Profitability may be important to investors when evaluating the Tyro share price.

Tyro said that the alliance with Bendigo and Adelaide Bank Ltd (ASX: BEN) is “tracking ahead of expectations”. It was also appointed as the exclusive partner of Telstra Corporation Ltd (ASX: TLS), offering merchant acquiring solutions to Telstra’s business customers.

In FY23, July transaction values increased 46% to $3.4 billion, while August saw growth of 70% to $2.9 billion (up to 26 August).

Looking at the guidance, Tyro said it forecast the FY23 transaction value to be between $40 billion to $42 billion, normalised gross profit to be between $175 million to $181 million, and it’s targeting ‘operating leverage’ at around 85%. The ASX share is aiming to be free cash flow positive “on exiting FY23”.

Tyro share price snapshot

Over the last month, Tyro shares have jumped almost 50%.

The post Why did the Tyro share price surge 12% today? appeared first on The Motley Fool Australia.

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More reading

• Why Deep Yellow, Nitro, Tyro, and Webjet shares are storming higher
• Why A2 Milk, Lovisa, McMillan Shakespeare, and Tyro are storming higher
• Tyro Payments shares surge as gross profit lifts 34% in FY22

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 Tyro Payments, Xero, and ZIPCOLTD FPO. The Motley Fool Australia has positions in and has recommended Bendigo and Adelaide Bank Limited, Telstra Corporation Limited, and Xero. The Motley Fool Australia has recommended Tyro Payments. 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 continues to take investors on a wild ride this week.

After tumbling 8.89% on Monday, the buy now, pay later (BNPL) company’s shares are rebounding strongly of late.

Yesterday, Zip shares recovered 4.27% at Tuesday’s market close despite no announcements from the group.

And today, its shares zoomed skyward 11.7% to finish at 95.5 cents at the final bell – just pipping last week’s closing price of 95 cents per share.

Let’s take a look at what could be driving these recent gains.

What’s driving Zip shares upwards today?

The Zip share price is on the move following an uptick across the S&P/ASX 200 Financials Index (ASX: XFJ).

At the end of Wednesday, the sector finished up 1.11% at 6,219.3 points.

It appears the financial industry is reeling from the heavy beating it took on Monday when investors fled the market.

Fears reemerged about an aggressive rate hike from the United States Federal Reserve after hawkish comments by its chair Jerome Powell.

However, it seems the financial market is recovering for now with a knock-on effect for Zip shares.

No doubt, this will bring some relief to Zip shareholders after seeing the company’s shares drop in value in 2022.

In its full-year results, Zip reported record revenue of $620 million, but posted a $1 billion loss on the bottom line.

Furthermore, net bad debts continued to increase, in which Zip has made a priority to tidy up.

Zip share price summary

Over the past 12 months, the Zip share price has plummeted 86%, with year to date currently down 78%.

Based on today’s price, Zip presides a market capitalisation of around $588.22 million.

The post Why did the Zip share price zoom 11% higher today? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why is the Zip share price slipping 10% on Monday?
• These are the 10 most shorted ASX shares
• Here’s why UBS tips the Zip share price to halve
• Zip’s FY22 loss is 165% of its market cap. So why did its shares go up?

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 positions in and has recommended ZIPCOLTD FPO. 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) put out a wobbly performance on Wednesday, opening and closing in the red despite gaining for much of the session. The index closed 0.16% lower at 6,986.80 points.

Sadly, today marks the unofficial end of earnings season. While the month of August always brings a rollercoaster of emotions for ASX investors, we’ll be sad to see it go.

As always, readers can catch up on all this season’s major earnings here.

The S&P/ASX 200 Energy Index (ASX: XEJ) weighed on the market today, closing 2.9% lower, likely on the back of falling energy commodities.

The Brent crude oil price fell 5.5% to US$99.31 a barrel overnight while the US Nymex crude oil price tumbled 5.5% to US$91.64 a barrel. To top it off, the price of thermal coal slipped 1.9% to US$414.55.

On the other end of the market, the S&P/ASX 200 Information Technology Index (ASX: XIJ) posted a 1.7% gain today. Despite lifting for a second consecutive day, it still hasn’t recovered its Monday losses.

Five of the ASX 200’s 11 sectors were in the green at the end of Wednesday’s trade. But which share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s biggest gain was posted by the Clinuvel Pharmaceuticals Limited (ASX: CUV) share price. It lifted 16%, potentially driven by the company’s earnings that were released on Tuesday afternoon.

Find out more about the healthcare stock and what it’s been up to here.

Today’s biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Clinuvel Pharmaceuticals Limited (ASX: CUV)	$20.17	16.19%
Zip Co Ltd (ASX: Z1P)	$0.955	11.7%
Imugene Limited (ASX: IMU)	$0.26	8.33%
Webjet Limited (ASX: WEB)	$5.52	8.02%
De Grey Mining Limited (ASX: DEG)	$0.98	7.1%
Chalice Mining Ltd (ASX: CHN)	$4.58	5.29%
Megaport Ltd (ASX: MP1)	$7.26	5.22%
Idp Education Ltd (ASX: IEL)	$29.01	4.84%
Lake Resources N.L. (ASX: LKE)	$1.17	4.46%
Credit Corp Group Limited (ASX: CCP)	$20.44	4.39%

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 did this ASX 200 healthcare share rocket 16% today?
• Why Deep Yellow, Nitro, Tyro, and Webjet shares are storming higher
• Why is the Qantas share price beating the ASX 200 on Wednesday?
• Net loss doubles in FY22, so what’s with the Imugene share price today?
• Webjet share price ascends 11% amid profitable start to FY23

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 positions in and has recommended Idp Education Pty Ltd, MEGAPORT FPO, and ZIPCOLTD FPO. The Motley Fool Australia has recommended MEGAPORT FPO and Webjet 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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