ASX lithium shares have been getting their fair share of media attention in 2022.

And for good reason.

Lithium is a core ingredient in the lithium-ion batteries that power the world’s ever-growing fleet of EVs. Most grid storage batteries also require large amounts of lithium.

With the world transitioning away from fossil fuels, lithium prices have gone ballistic since July 2021, hitting all-time highs in March this year. Prices dipped briefly in July but the lightweight, highly conductive metal is back to within 0.5% of its record price at the time of writing.

As you’d expect, rocketing prices for the metal have been a boon to ASX lithium shares.

These four ASX lithium shares are up more than 100% in 2022

It has been a tough year for many ASX stocks.

Since the opening bell on 4 January, the All Ordinaries Index (ASX: XAO) is down 10.1%.

Yet here’s how these top ASX lithium shares have performed:

• Sayona Mining Ltd (ASX: SYA) shares are up 128.6%
• Anson Resources Ltd (ASX: ASN) shares are up 182.1%
• Core Lithium Ltd (ASX: CXO) shares are up 150%
• Latin Resources Ltd (ASX: LRS) shares are up 300%

What’s piquing ASX investor interest?

Investors have clearly been drawn to the rising lithium price alongside the regular media coverage ASX lithium shares have enjoyed this year.

In Core Lithium’s most recent quarterly update, the miner reported that its Finniss Lithium Project in the Northern Territory is on track to export its first lithium by the end of 2022.

The stock also likely received a boost from its admission into the S&P/ASX 200 Index (ASX: XJO). That will enable more fund managers, restricted to trading the biggest stocks, to add Core Lithium shares to their portfolios.

There’s been a steady stream of good news coming from Anson Resources as well.

In its latest release yesterday, the ASX lithium share updated the market on its Paradox Lithium project, located in the US state of Utah. Anson’s definitive feasibility study showed “outstanding economics” for the project. The company hopes to become a major supplier for the US EV market.

Anson shares closed up 42.4% yesterday on the news.

Sayona Mining also notched up its fair share of successes recently.

In August, the ASX lithium share reported it had restarted its North American Lithium (NAL) operations, located in the Canadian province of Quebec. Sayona is forecasting its first spodumene production from NAL in the first quarter of 2023.

Then there’s Latin Resources, the biggest year-to-date gainer among the ASX lithium shares.

In its most recent update on Wednesday, the miner reported that drilling had intersected more high-grade lithium at its Colina prospect, located in Brazil. Latin Resources stated it’s on schedule to deliver its maiden JORC resource in December.

The post 4 ASX lithium shares that have rocketed more than 100% in 2022 appeared first on The Motley Fool Australia.

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More reading

• 5 ASX 200 lithium shares with the lowest levels of debt
• Do Sayona Mining shares pay dividends?
• Why has the Core Lithium share price gained 13% in the past week?
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• 4 ASX lithium shares hitting all-time highs on Thursday

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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ASX uranium shares have been shooting the lights out over the past month.

With nations around the world gripped by an unprecedented energy crisis and largely intent on moving away from fossil fuels, nuclear energy is back on the agenda to provide reliable baseload power.

To name a few examples… India is planning a series of new nuclear plants. France is working to restart plants closed for maintenance with plans for 14 new plants.

Japan is reopening nuclear power stations shuttered since the Fukushima disaster in 2011. The Japanese government is also investigating developing next-generation modular reactors.

With news of nations’ expanded nuclear power ambitions hitting the headlines regularly this past month, ASX uranium shares have trounced the index.

How have ASX uranium shares been performing?

Since this time last month, the All Ordinaries Index (ASX: XAO) is down 2.2%. Meanwhile, leading ASX uranium shares have all charged higher.

The Paladin Energy Ltd (ASX: PDN) share price, for example, is up 21.2% over the month.

Over that same time, Boss Energy Ltd (ASX: BOE) shares are up 16.1%, and the Deep Yellow Ltd (ASX: DYL) share price has surged 48.2%.

With those gains already in the bag, is there more growth to come?

Demand expected to ramp up

For some expert insight into the outlook for ASX uranium shares, we defer to the analysts at Macquarie Equities.

According to Macquarie analyst Jon Scholtz (courtesy of The Australian):

A ramp-up in demand is expected with recent news that Japan ordered the development of new nuclear reactors, and 17 existing reactors to be reactivated and that France stated its nuclear will be at full capacity by the winter. Germany also appears to be rethinking reactor decommissioning in light of energy security.

Scholtz said that both Boss Energy and Paladin were “fully licensed in known uranium jurisdictions and have a near-term path to market buoyed by a positive uranium outlook”.

With the resurgent global interest in nuclear power, Macquarie Equities raised its price forecast for uranium by 17% for the 2024 financial year and by 21% for FY25.

With those higher prices in mind, the broker also increased its price targets for the leading ASX uranium shares.

Macquarie has a new target for the Paladin share price of $1.10. That’s 15.8% above the current price of 95 cents.

The new target for the Boss Energy share price is $3.30, 14.2% above the current price of $2.89 per share.

The post ASX uranium shares have had a stellar month. Are they just getting started? appeared first on The Motley Fool Australia.

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More reading

• Why Macquarie is tipping 15% upside for the Paladin Energy share price
• Why has the Paladin Energy share price rocketed 20% in a month?
• What’s the outlook for ASX uranium shares in September?
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

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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AGL Energy Limited (ASX: AGL) and Origin Energy Ltd (ASX: ORG) will both pay a final dividend this month, but which one is higher?

The AGL share price is down 1.36% today, while Origin Energy shares are falling 0.51%. For perspective, the S&P/ASX 200 Index (ASX: XJO) is rising by 0.44%.

However, let’s focus on the dividend these energy giants will be paying to shareholders later this month.

How do the AGL and Origin Energy dividends compare?

AGL’s final dividend for FY22 is, in fact, less than Origin Energy’s final dividend per share.

AGL is paying a final unfranked dividend of 10 cents per share in 2022, 70.6% less than the 34 cents paid in the prior corresponding period.

This follows AGL’s underlying profit after tax dropping 58% to $225 million in FY22.

AGL said the final dividend in FY22 was consistent with the company’s policy to target a payout ratio of 75% of underlying profit after tax.

AGL paid an interim dividend of 16 cents per share in FY22, unfranked. AGL’s total dividend of 26 cents per share in FY22 is 65% less than the 75 cents per share paid out in FY21.

Origin Energy is paying a 16.5 cents per share final dividend, 75% franked. This is 120% more than the 7.5 cents per share Origin paid in the prior corresponding period.

Origin paid a 12.5 cents per share interim dividend in FY22, taking its total dividend payout for the financial year to 29 cents.

Origin reported an underlying profit of $407 million in FY22, 30% more than FY21. Total revenue jumped 20% to $14.46 billion.

AGL will pay its final dividend to eligible shareholders on 27 September, while Origin investors will receive the dividend on 30 September.

Share price snapshot

AGL shares have risen 12% in the past year, while Origin Energy shares have gained nearly 34%

For perspective, the ASX 200 has shed nearly 7% in the past year.

AGL has a market capitalisation of $4.6 billion, while Origin Energy’s market cap is $9.9 billion

The post Are AGL shares offering a bigger final dividend than Origin this year? appeared first on The Motley Fool Australia.

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More reading

• Could you be holding onto ‘zombie’ ASX shares hoping for new life?
• Broker tips 22% upside for the AGL share price
• ‘We would like to see faster progress’: ASX 200 energy shares on notice
• 5 ASX 200 shares turning ex-dividend tomorrow
• Down 15% in a month – is the AGL share price good value yet?

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 Tyro Payments Ltd (ASX: TYR) share price is climbing above the takeover offer price today as the market weights up the prospect of a higher bid.

Morgan Stanley is one that reckons yesterday’s takeover proposal from Potentia Capital will be a “catalyst for other strategic bidders to consider”.

The Tyro share price is currently up 9.7% to $1.32. This is on top of the 27.9% surge on Thursday when the $1.27 a share takeover offer was announced.

Why the Tyro share price could attract another bidder

If Morgan Stanley is right, it will validate the decision by Tyro’s board to reject Potentia’s offer as being too low.

The broker lists three reasons why another bidder for the payments services provider may emerge.

Firstly, there is a global trend of consolidation in Tyro’s industry. With interest rates going up and capital getting more expensive, building scale to reach profitability is suddenly a more pressing priority.

Another reason is that large global players are taking advantage of the fall in share prices. This means would-be buyers won’t have to pay as much to buy smaller and faster-growing ASX companies.

This leads to the third point. Tyro’s share price is inexpensive to a potential suitor. Morgan Stanley noted that the ASX fintech is trading at two-to-three times enterprise value to gross profit (based on the broker’s FY23 forecast). That’s lower than other transactions in this space.

High price to play

But any competing bidder will have to cough up at least $1.52 if it wants Tyro’s largest shareholder to switch horses.

Potentia has the backing of Grok, which owns 12.5% of Tyro’s shares. Grok is the head trust owned by Atlassian Corporation’s (NASDAQ: TEAM) co-founder Mike Cannon-Brooks.

It’s hard to see how a competing bid can be successful without Grok’s support.

Details on the initial takeover of Tyro

Potentia’s offer allows shareholders the option of getting their payment in cash, half-cash and half-scrip in a privatised Tyro, or 100% scrip in the private company.

The offer is also subject to a few conditions, such as a six-week due diligence and getting regulatory approvals.

Potentia is leading a consortium that is behind the takeover bid for the Tyro share price. Other members of the group include HarbourVest Partners LLC, MLC Investments Limited and The Construction and Building Unions Superannuation Fund.

Tyro share price snapshot

Even with the excitement from the takeover offer, longer-term shareholders are likely to still be nursing a big loss.

The Tyro share price has crashed 65% over the past year while the All Ordinaries (ASX: XAO) has shed 7%.

Embattled shareholders will be keeping their fingers crossed that a higher bid will soon emerge.

The post Tyro share price climbs another 10%. Could a fresh takeover bid be on the horizon? appeared first on The Motley Fool Australia.

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More reading

• Nitro now Tyro: Could there be ‘Potentia-l’ for other ASX tech shares?
• Tyro share price rallies 31% following rejected takeover bid
• 2 heart-breaking ASX shares finally turning it around: Morgans
• 3 ASX All Ords shares that leapt over 10% today
• Why did the Tyro share price surge 12% today?

Motley Fool contributor Brendon Lau 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 Atlassian and Tyro Payments. 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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Are the dividends from Macquarie Group Ltd (ASX: MQG) shares going to beat a savings account here as we stand in September 2022?

That is a very good question. For years now, dividends were almost always going to give an investor a higher yield than what could be achieved through a savings account. That’s what record low interest rates, which got down to a paltry 0.1%, result in.

But in 2022, times have changed, and rapidly at that. This week saw the Reserve Bank of Australia (RBA) increase the cash rate for the fifth consecutive month in a row. The cash rate was 0.1% at the start of the year. Now it stands at 2.35%. That changes the game when it comes to cash investments like savings accounts and term deposits.

So let’s circle to the Macquarie dividend. July saw Macquarie fork out its last dividend, a final payment worth $1.40 a share. Unusually for Macquarie, this came fully franked. This was a substantial drawdown from FY21’s final dividend. This was worth a whopping $3.35 per share, partially franked at 40%.

Together with Macquarie’s December interim dividend of $2.72 per share (also partially franked at 40%), Macquarie shares today have a dividend yield of 3.49%.

So how does this dividend yield compare to what an investor can expect from a savings account or term deposit today?

How do Macquarie’s dividends stack up to cash today?

Well, it’s certainly competitive. As we covered earlier this week, the highest savings accounts in Australia currently offer interest rates of just over 3%. The highest of these is presently 3.6%.

Saying that, accounts offering these kinds of interest rates usually come with conditions. These include minimum transaction thresholds, regular deposits, and requirements that no funds are withdrawn if investors are to receive the top rates.

When it comes to term deposits, higher rates still are available to investors. If savers are willing to lock their money away for more than 12 months, rates up to 4.4% are currently available. Macquarie’s own term deposits currently go up to a maximum interest rate of 3.65%. That’s slightly above its present dividend yield.

Something else to consider as well. Rates have just been hiked by another 0.5% as of this week. As is often the case with the ASX banks, this latest hike has yet to fully flow through to banks’ savings products.

So even if the RBA doesn’t raise rates next month, we could see even higher rates still on Australian savings accounts and term deposits in the next few weeks and months.

For years, dividends had the upper hand on cash investments. But it looks like the tide may finally be turning.

The post Is the Macquarie dividend going to beat a bank savings account? appeared first on The Motley Fool Australia.

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More reading

• Morgans names 3 of the best ASX shares to buy in September
• August’s RBA rate hike saw investors favour Macquarie and BHP shares. Here’s what to expect in September: expert
• Top brokers name 3 ASX shares to buy next week
• Is this why the Macquarie share price was ‘steaming ahead’ on Friday?
• Brokers name 3 ASX shares to buy today

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 recommended Macquarie 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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The Yancoal Australia Ltd (ASX: YAL) share price is pushing higher into the green on Friday after a good start to the day.

At the time of writing, the Yancoal share price is up 6% at $6.94 following a company announcement. Shares earlier touched $7.15 — their highest mark in 12 months.

What’s up with the Yancoal share price?

The company posted a price-sensitive update informing investors that Yankuang Energy had terminated a potential deal to buy the remaining shares it didn’t already own in Yancoal.

Yankuang already holds a 62.3% stake in the coal player. The offer it made was made based on historical performance of the Yancoal share price.

“Yankuang Energy wishes to update the respective shareholders and potential investors…that, in light of the recent market conditions, it will terminate the potential transactions,” the Chinese company said in a statement.

Following the decision, it was stated that no person or entity, including Yangkuan, can announce an offer or possible offer for Yancoal within six months of today’s announcement.

Investors don’t appear concerned and have, in fact, rewarded Yancoal on the back of the news.

Shares jumped like a mare from the gates at Randwick in early trade today and have held the line since. Trading volume is within 95% of the four-week trading average at nearly 3 million shares.

Today’s lift extends an impressive run for Yancoal these past 12 months, bringing its gains to 186% during that time.

The company hasn’t looked like slowing down either, as seen in the chart above, and neither has the price of coal.

The price of the black rock just recently shot to 52-week highs itself and has turned sharply to trade at US$440/Tonne, just off its all-time high of US$460/Tonne yesterday.

The post Why is the Yancoal share price surging 6% on Friday? appeared first on The Motley Fool Australia.

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More reading

• 2 ASX All Ordinaries shares that defied today’s sell-off to crack new highs
• Why has this ASX energy share surged 196% since the start of the week
• Why are ASX 200 coal shares having another cracker of a day?
• Yancoal share price lifts on 677% earnings boost
• Why India can’t get enough of Aussie coking coal and which ASX shares have exposure

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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1) Sad news today with the death of The Queen. As the UK’s longest-serving monarch, Queen Elizabeth II was a constant in almost all our lives. The UK begins a 10-day mourning period.  Excerpt from Bloomberg…

“Queen Elizabeth II, whose reign took Britain from the age of steam to the era of the smartphone, and who oversaw the largely peaceful breakup of an empire that once spanned the globe, has died. She was 96.

“Ascending the throne in 1952, Elizabeth led the UK through a time of political upheaval.

“Her eldest son, Charles, succeeds her on the throne as King Charles III.”

“We mourn profoundly the passing of a cherished sovereign and a much-loved mother,” Charles said in a statement. “I know her loss will be deeply felt throughout the country.”

According to the Australian Financial Review, there are no immediate plans in Australia to change banknote and coin designs that feature Queen Elizabeth II. 

“Government officials said King Charles III will begin appearing on Australian coins from 2023. It is unclear whether his face will replace Queen Elizabeth on the $5 note.”

2) You perhaps may not realise it – given the high petrol prices at the bowser, the ongoing war in Ukraine, the European energy crisis, and the bumper interim dividend recently declared by Woodside Energy Group Ltd (ASX: WDS) – but the oil price is this week hitting its lowest level since January, falling below $US83 a barrel. Excerpt from Bloomberg…

“Oil headed for a back-to-back weekly loss, burdened by demand concerns, rising stockpiles, and the possibility the Biden administration may make a fresh release from emergency reserves.

“Crude has declined by more than 30% since its June highs as concerns over a global slowdown have gathered strength, overturning the rally triggered by Moscow’s invasion of Ukraine. On Thursday, Federal Reserve Chair Jerome Powell said that the US central bank was determined to curb price pressures, while the European Central Bank delivered a jumbo interest rate rise.”

ASX-listed energy stocks have been largely immune from the falling oil price. Year to date, the Woodside Energy share price is up 47%, the Beach Energy Ltd (ASX: BPT) share price is up 31% and the Santos Ltd (ASX: STO) share price is up 22%.

And Warren Buffett clearly is a long-term fan of oil, with his Berkshire Hathaway having recently been given approval to buy as much as 50% of the shares of US giant Occidental Petroleum. According to Bloomberg, the attraction for Buffett is with inflation looking to be the mega-trend for the first half of the 2020s, crude oil is one of the best natural hedges out there.

3) The S&P/ASX 200 Index (ASX: XJO) jumped higher yesterday after Reserve Bank of Australia (RBA) governor Philip Lowe said, in relation to the current cash rate of 2.35%, “we are closer to estimates of neutral”.

While acknowledging more interest rate rises would be necessary to bring inflation under control, the market is now expecting/hoping the RBA will ease the pace of tightening.

According to the AFR, Su-Lin Ong, chief economist at RBC Capital Markets, expects the RBA to lift interest rates by 0.25 percentage points in October and November. 

The same publication quotes ANZ as still expecting a 0.5 percentage point rise in October, but 0.25 percentage point rises in November and December. 

The bank is still projecting a peak cash rate of 3.35%, meaning he thinks the RBA will be done raising interest rates before the end of this year

4) Could that set things up for a rally in the ASX 200, potentially starting sooner than we might otherwise think?

One fund manager that’s not sitting on the sidelines waiting for markets to steady, or inflation to be tamed, or interest rates to peak, is Airlie Funds Management. Excerpt from the AFR…

“’It sounds counterintuitive, but you’ve got a better chance of making good money when markets are down. So, we welcome volatility, we welcome short-termism because it increases the chance that you’re going to be able to buy mispriced assets,’ says Emma Fisher, portfolio manager at Airlie Funds Management.

“Fisher says corporate balance sheets in Australia are ‘in better shape than they’ve been in any other downturn that we’ve seen’, providing local firms with no shortage of flexibility to navigate any downturn.

“We think if we are heading into a tougher period, that the Australian economy will probably do relatively quite well… we do a good job of talking ourselves into recession.”

Stocks Airlie like include retailers Nick Scali Limited (ASX: NCK) and Premier Investments Limited (ASX: PMV). The Premier Investments share price has fallen 22% in the past 12 months and now trades on a fully franked dividend yield of 4.3%.

The post Here’s why the ASX 200 could be set up for an almighty rally before the end of this horrible year for stocks appeared first on The Motley Fool Australia.

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More reading

• The Woodside share price is trading near multi-year highs. Will the green energy transition spoil the party?
• 5 things to watch on the ASX 200 on Friday
• Here’s why ASX 200 energy shares are diving lower today
• The Santos share price is under pressure today. Here’s why
• Why is the Beach Energy share price sinking on Thursday?

Motley Fool contributor Bruce Jackson has a position in Berkshire Hathaway. 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 Premier Investments 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 De Grey Mining Limited (ASX: DEG) share price is having a very strong day.

In afternoon trade, the gold developer’s shares are up 13% to $1.10.

This means the De Grey share price is now up almost 20% over the last two trading sessions.

Why is the De Grey share price rocketing higher?

Investors have been buying the company’s shares since the release of the pre-feasibility study for its Mallina gold project in Western Australia.

That study revealed upgrades across the board to previous estimates. De Grey expects a life of mine (LOM) of up to 13.6 years, average processed grade up to 1.6 g/t Au, recovered gold of up to 6.4 million ounces, LOM EBITDA of $7.1 billion, and total pre-production costs of up to $1.05 billion.

De Grey managing director and CEO Glenn Jardine said:

Total production has increased by nearly 50% from the scoping study to 6.4Moz with the annual gold production rate increasing by around 25% to 540,0000zpa over the first ten years.

Also getting investors excited were comments relating to its Hemi deposit. Management revealed that its maiden Hemi reserve has 5.1 million ounces of gold at a grade of 1.5g/t Au. It highlights that this is “one of the largest and highest grade maiden reserves in recent decades.”

Positive broker response

It wasn’t just investors that responded positively to the news.

According to a note out of Macquarie, its analysts have responded to the update by retaining their outperform rating with an improved price target of $1.65.

Even after rising strongly this week, this implies potential upside of 50% for the De Grey share price over the next 12 months.

Macquarie was pleased with the material increase to the pre-feasibility study and appears optimistic ahead of the final investment decision next year.

The post Why is the De Grey share price rocketing another 13% on Friday? appeared first on The Motley Fool Australia.

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• Why is the De Grey share price rushing higher on Thursday?
• Here are the top 10 ASX 200 shares today
• These are the 10 most shorted ASX shares
• Here are the top 10 ASX 200 shares today
• Guess which ASX 200 company bought over $65 million of De Grey shares in August

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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The S&P/ASX 300 Index (ASX: XKO) is in the green today, and the share prices of some market favourites are surfing its gains. In fact, many are leaping to long-forgotten or never-before-seen heights.

The ASX 300 is up 0.49% right now.

Let’s take a look at three ASX 300 shares reaching record or multi-year highs on Friday.  

3 ASX 300 shares reaching new highs today

Lovisa Holdings Ltd (ASX: LOV)

ASX 300 share Lovisa has been on a good run lately. It’s gained 34% over the last 30 days to reach a new all-time high of $24.43 today.

And fans of the jewellery company are likely counting down the days until the stock experiences a notable upgrade. It’s set to be added to the S&P/ASX 200 Index (ASX: XJO) later this month.

It’s likely Lovisa’s addition to the iconic index will further boost its share price. That’s because funds tracking the index will be forced to snap up its securities, thereby increasing demand for the stock and, likely as a result, its value.

Leo Lithium Ltd (ASX: LLL)

Leo Lithium is another ASX 300 share rising to a record high on Friday. The lithium stock lifted 6.6% to 64.5 cents at its intraday high – the highest it’s been since it listed on the ASX.

The company was spun out from Firefinch Ltd (ASX: FFX) in June, with shareholders of the parent company receiving one Leo Lithium stock for every 1.4 Firefinch shares held.

On top of that, another parcel of Leo Lithium shares was offered for 70 cents apiece, raising $100 million as part of its initial public offering (IPO).

Monadelphous Group Limited (ASX: MND)

The final ASX 300 share lifting to long-forgotten highs today is Monadelphous. Stock in the engineering group lifted 5.3% to a high of $13.74 today. That marks its highest point in more than 18 months.

That’s despite no news having been released by the company in more than a fortnight.

The last time the market heard from the ASX 300 share was on 23 August. That was when it released its full-year earnings.

The post 3 ASX 300 shares hitting new highs on Friday appeared first on The Motley Fool Australia.

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More reading

• 4 ASX lithium shares hitting all-time highs on Thursday
• Guess which soon-to-be-ASX 200 share doubled its dividend in August
• Morgans names 2 of the best ASX growth shares to buy
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• Analysts say these exciting ASX growth shares have at least 20% upside

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 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 Woolworths Group Ltd (ASX: WOW) share price has fallen in the past month, but could it turn around in the future?

Woolworths shares have lost almost 6% since market close on 9 August and are currently trading at $35.93. In today’s trade, they are down 1.75%.

Let’s take a look at the outlook for this supermarket giant.

What do the brokers say?

Woolworths’ net profit and sales lifted in FY22, and one leading broker is tipping its shares to move higher.

Goldman Sachs recommends investors buy the Woolworths share price and have placed a $44.10 target on the company’s shares, a potential upside of 22.7%.

Goldman was impressed with Woolworths’ financial results and is optimistic the company will continue to grow.

Commenting on these results, Goldman analysts said:

Results were of high quality with AU supermarket comp store growth of 5.2% in 4Q22 driven by strong price and positive mix.

Woolworths reported a net profit after tax (NPAT) of $1.5 billion in FY22, a 0.7% gain on the previous year.

Group sales lifted 9.2% on the previous financial year to $61 billion. The company’s retail e-commerce sales grew 33.6% in FY22.

Goldman is also optimistic about Woolworths’ digital and omni-channel advantage and sees it boosting market share and providing margin gains in the future.

Analysts are predicting Woolworths will deliver a fully franked dividend of $1.07 per share in FY23 and $1.16 in FY24. The company paid a final dividend of 92 cents per share in FY22.

Woolworths share price snapshot

The Woolworths share price has fallen nearly 10% in the past year and 5% year to date.

Woolworths has a market capitalisation of about $43.7 billion based on the current share price.

The post Why this top broker is tipping 23% upside for the Woolworths share price appeared first on The Motley Fool Australia.

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More reading

• How do Endeavour’s dividends stack up against its old parent Woolworths?
• Brokers name 2 ASX 200 shares to buy for a retirement portfolio
• Should all ASX investors be buying defensive shares right now?
• Woolworths share price edges higher as shareholders green light MyDeal takeover
• Are Woolworths shares good value in September?

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 positions in and has recommended Goldman Sachs. 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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