After a poor showing yesterday, S&P/ASX 200 Index (ASX: XJO) mining shares are staging a comeback today.

At the time of writing the ASX 200 is up 0.2% while the S&P/ASX 200 Materials Index (ASX: XMJ) is up 1%.

Atop from some likely bargain hunting among the big miners, which offer some juicy trailing dividend yields at current share prices, the ASX 200 miners look to be getting a lift from a 1.8% boost in iron ore prices overnight. The industrial metal, pressured lately by fears of a slowing Chinese economy hamstrung by COVID mitigation efforts, is trading for US$112 per tonne.

Which ASX 200 mining shares are lifting?

Some of the biggest names in the sector are helping propel the index higher.

Leading the charge is Mineral Resources Limited (ASX: MIN), up 4.2% to $1.78 per share.

BHP Group Ltd (ASX: BHP), among the world’s biggest miners, is also marching higher. Shares in the mining giant are up 1.4% to $38.28.

Meanwhile, the Fortescue Metals Group Limited (ASX: FMG) is up 2.3% while rival iron ore miner Rio Tinto Limited (ASX: RIO) has gained 3.2%.

Despite today’s welcome reprieve, all four of the ASX 200 mining shares are down more than 20% over the past 12 months as commodity prices have slipped from historic highs.

The post These ASX 200 mining shares are bouncing back on Thursday appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: Chalice Mining jumps, Zip sinks on bearish broker note
• 5 things to watch on the ASX 200 on Thursday
• The Woolworths share price outperformed the ASX 200 in FY22. Here’s why
• Here are the top 10 ASX shares today
• Should investors dig the BHP share price in July?

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

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The Pinnacle Investment Management Group Ltd (ASX: PNI) share price is in the green today following a market update from the company.

At the time of writing, the investment company’s shares are up 6.05% to $8.06 apiece.

Let’s take a look at what Pinnacle released to the ASX this morning.

What was in Pinnacle’s announcement?

Investors are sending the Pinnacle share price north during midday trade after digesting the company’s latest news.

In the release, Pinnacle advised that 10 of its affiliates have crystallised performance fees for the 12 months ending 30 June.

This totalled approximately $57.1 million, of which $38.3 million came from the second half of FY22.

The net share of these performance fees, after tax payable by the affiliates on this revenue, is around $16.4 million. Again, about $10 million of this was earned in the second half of the 2022 financial year.

As a result, Pinnacle is forecasting a net return on its principal investments to be roughly $0.1 million.

This amount comprises $3.9 million in ‘dividends and distributions’ but with a net negative $3.8 million of investment returns (fair value gains/losses on financial assets at fair value through profit and loss).

Pinnacle noted that the figures are preliminary estimates and still need to be audited.

Audited statements are scheduled to be released on 3 August, along with further information regarding the company’s funds under management and net inflows.

About the Pinnacle share price

Despite soaring higher today, the Pinnacle share price has lost 50% since the beginning of the year. It is also down more than 28% since this time last year.

The company’s shares have been on a gradual decline, hitting a 52-week low of $6.49 in late June. However, they are up 13% over the past week.

On valuation grounds, Pinnacle presides a market capitalisation of around $1.49 billion.

The post Here’s why the Pinnacle Investments share price is climbing 6% today appeared first on The Motley Fool Australia.

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More reading

• 9 ASX 200 shares now trading at ‘significant discounts’: broker
• 2 cheap ASX 200 shares to buy that no one talks about: Glenmore
• Are these 2 compelling ASX shares buys in June 2022?

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 PINNACLE FPO. The Motley Fool Australia has positions in and has recommended PINNACLE 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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The Aristocrat Leisure Limited (ASX: ALL) share price is rangebound today and is currently trading around 1% higher at $36.20.

This brings gains to almost 7% over the past month for Aristocrat.

In broad market moves, the S&P/ASX 200 Index (ASX: XJO) is rangebound today and is flat at 6,609.

More upside in the Aristocrat share price?

Analysts at Morgans are constructive on the share and reckon Aristocrat makes a good investment case.

It values the company at $43 per share and notes a strong history of sales growth over the past 5-years to date.

This suggests another 19% return potential at the current Aristocrat share price.

“[Aristrocrat] has delivered revenue growth of 17% pa over the past five years and 80% of revenue in FY21 was recurring,” Morgans said.

“We expect Aristocrat to continue to take market share in all its product segments,” it added.

Another factor Morgans notes is that gaming machines are typically more resilient during economic downturn.

For the $24 billion company by market value this could spell further revenue growth, the broker said, backed by its $3.3 billion in available liquidity.

“Aristocrat has a stated ambition to build a meaningful presence in the rapidly growing online real money gaming segment, which we believe may be achieved both through organic investment and inorganic acquisitions,” it mentioned.

In the past 12 months, the Aristocrat share price has collapsed more than 14% into the red and trades down 17% this year to date.

The post Could there be another 19% upside to the Aristocrat Leisure share price? appeared first on The Motley Fool Australia.

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More reading

• Analysts name 2 ASX growth shares to buy this week
• Broker names 3 of the best ASX shares to buy in July
• Here are the top 10 ASX shares today
• Analysts tip big returns from these ASX growth shares
• 9 ASX 200 shares now trading at ‘significant discounts’: broker

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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The EML Payments Ltd (ASX: EML) share price is tumbling on Thursday amid reports of a broker downgrade.

At the time of writing, the EML Payments share price is $1.29, 9.15% lower than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is in the green right now, having gained 0.18%. Meanwhile, the S&P/ASX 200 Information Technology Index (ASX: XIJ) is slipping 1.27%.

Let’s take a closer look at what might be weighing on the ASX 200 financial services company.

What’s dragging on EML Payments today?

The EML Payments share price is handing back most of its Wednesday gains amid reports that RBC Capital has cut its outlook on the stock.

The broker has downgraded EML Payments to ‘sector perform’, The Australian reports.

Though, it still has a $1.80 price target on the company’s shares, representing a 27% upside on the company’s previous close.

The reported downgrade follows yesterday’s news that the company is working with the operator of Spain’s post office network to roll out a national stimulus program.

It will be loading approximately half a million prepaid virtual cards with 400 euros each. The cards will be issued to eligible 18-year-olds who will be able to spend the funds on cultural products and activities.

The company’s stock launched 10.5% higher on the back of Wednesday’s announcement. Thus, some of today’s fall could be attributed to profit-taking.

EML Payments share price snapshot

Today’s tumble is just the latest for EML Payments this year.

The company’s share price has fallen more than 60% since the start of 2022.

It’s also 65% lower than it was this time last year.

The post Why is the EML Payments share price sinking 9% today? appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: Chalice Mining jumps, Zip sinks on bearish broker note
• Why Domino’s, EML, Talga, and Woolworths shares are pushing higher
• These 3 ASX 200 tech shares are on fire today
• EML share price leaps 16% on Spanish government stimulus contract
• ASX 200 midday update: BHP and Fortescue sink, EML and ZIP jump

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 EML Payments. The Motley Fool Australia has positions in and has recommended EML 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 is cratering in morning trade on Thursday and now sits 7% lower at 53.5 cents.

Investors have pushed Zip lower today on no news. However, noteworthy is a bearish research note out of UBS today, highlighting growing concerns for the company.

In broad market moves, the S&P/ASX 200 Index (ASX: XJO) is rangebound today and is flat on the day at 6,597.

Sell now, sell later for the Zip share price

In contrast to its buy now, pay later (BNPL) business model, investors have adopted a sell at all costs mentality with Zip these past 12 months.

The share has been on a downward glide in that time and has shown no signs of reversing out of the downtrend.

It reached 52-week lows on 30 June and has been wiggling sideways up until today’s trading.

Analysts at UBS have taken note of this and other risks in Zip’s profile. The team have rated the share a sell and reduced its price target to 45 cents.

UBS has chosen to look at gross receivables to rate Zip’s credit performance and estimate that the BNPL player’s bad and doubtful debt (BDD) provisions are set to increase.

It reckons Zip has an annualised BDD expense of around 12.4% for this first half, up from 7.4% a year ago.

With Zip’s arrears making up more of its receivables, the broker said it expects “credit quality to remain soft this half”.

“In order for Zip to achieve profitability…[t]his will involve growing its receivables – which in our view means taking on more risk,” it said.

“[Zip] needs to achieve revenue and cost synergies with Sezzle, an improvement in credit performance, and organic growth,” it added.

The post Zip share price cops 6% slashing as analyst fears grow appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: Chalice Mining jumps, Zip sinks on bearish broker note
• ASX 200 midday update: BHP and Fortescue sink, EML and ZIP jump
• Zip share price reignites with a 19% rally amid tech bounce
• Up and back down: Why is the Zip share price volatile today?
• The Zip share price lost 94% of its value in FY22

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 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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At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. The benchmark index is currently up 0.3% to 6,615.7 points.

Here’s what is happening on the ASX 200 today:

Bendigo and Adelaide Bank’s acquisition

The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price is trading lower at lunch despite the announcement of an earnings accretive acquisition. The company has agreed to acquire the investment lending portfolio of Australia and New Zealand Banking Group Ltd (ASX: ANZ). Bendigo and Adelaide Bank will pay an “immaterial premium over book value” for the $715 million investment lending portfolio.

Chalice Mining jumps

The Chalice Mining Ltd (ASX: CHN) share price is surging higher today after the release of a drilling update. According to the release, a new nickel-copper-PGE sulphide zone has been intersected in initial drilling at the Dampier target, ~10km north of the Gonneville Deposit. Management notes that this is the first significant indication of orthomagmatic sulphide mineralisation outside of the Gonneville Deposit and is considered an exciting result.

Zip shares sink on bearish broker note

The Zip Co Ltd (ASX: ZIP) share price is sinking on Thursday. This appears to have been driven by a broker note out of UBS this morning. According to the note, the broker has retained its sell rating on the buy now pay later provider’s shares and cut its price target by 50% to 45 cents. UBS is concerned that Zip could inadvertently worsen its credit performance if it raises fees in an effort to improve profitability.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Thursday has been the Chalice Mining share price with a 10% gain following the company’s drilling update. Going the other way, the EML Payments Ltd (ASX: EML) share price is the worst performer with a 9% decline. This may have been driven by a combination of weakness in the payments industry and potential profit taking after a strong gain yesterday.

The post ASX 200 midday update: Chalice Mining jumps, Zip sinks on bearish broker note appeared first on The Motley Fool Australia.

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More reading

• Why is the EML Payments share price sinking 9% today?
• Zip share price cops 6% slashing as analyst fears grow
• Bendigo Bank shares rise after going long on leverage with ANZ lending acquisition
• Chalice Mining share price leaps 13% on new exploration results
• 5 things to watch on the ASX 200 on Thursday

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 EML Payments and ZIPCOLTD FPO. The Motley Fool Australia has positions in and has recommended Bendigo and Adelaide Bank Limited and EML 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 Santos Ltd (ASX: STO) share price had a tough June, but some analysts are tipping better times ahead.

Santos shares plunged 9.51% in the month of June. In today’s trade, the company’s share price is falling again, by 1.57% to $6.91. For comparison, the S&P/ASX 200 Energy Index (ASX: XEJ) is currently dropping by 0.38% today.

Let’s take a look at the outlook for this oil and gas share in July.

Can the Santos share price go higher?

Santos shares dropped in June amid falling oil and gas prices. The crude oil price fell 5.5% from US $111.91 a barrel to US$105.76 a barrel in June, Trading Economics data shows. Natural gas prices also dropped dramatically by 33% from US$8.1380 per million British thermal units (MMBtu) to US$5.4240 MMBtu.

However, looking ahead to July, Luke Smith from Ausbil Investment Management is positive on the Santos share price and said the company is a buy. He added:

We’re bullish on both oil and gas. Santos, for us, is the preferred way to play that in the Australian space. [It] has lagged the commodity for some time.

Also sharing his view was Tom Richardson from Paradice Investment Management. He predicts the Santos share price will reflect cash coming back to shareholders in the future. He said:

I think that’s inevitable with Santos. As much as development optionality they’ve got, there’s going to be a lot of cash coming back to shareholders and the share price will reflect it.

Oil and gas outlook

Santos is a major oil and gas producer. Looking at gas, UBS analysts have recently predicted east coast gas prices will jump 10% a year up to 2025.

The closure of coal-fired power stations could lead to more reliance on gas-fired power, according to UBS. It said: “While it may take some time for electricity prices to normalise, we expect the role of gas-fired power generation to lift as coal continues to exit the market.”

Oil prices fell more than 10% in US markets on Tuesday. Overnight, oil prices dropped a further 2% on global recession fears, Reuters reported.

Yesterday, the team at Citi put out a note warning this decline could continue in a recession scenario. Citi said:

In a recession scenario with rising unemployment, household and corporate bankruptcies, commodities would chase a falling cost curve as costs deflate and margins turn negative to drive supply curtailments.

Share price snapshot

Santos shares have lost nearly 4% over the past 12 months, but they have risen more than 9% this year to date.

For perspective, the S&P/ASX 200 Energy Index has rocketed nearly 21% year to date and close to 15% in a year.

Santos has a market capitalisation of about $23.3 billion based on the current share price.

The post Down nearly 10% in June, can the Santos share price recover in July? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• How did the Santos share price perform in FY22?
• How is the oil price plunge impacting ASX 200 oil shares today?
• Leaking oil price sends Santos shares into the red
• ASX 200 midday update: BHP and Fortescue sink, EML and ZIP jump

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Link Administration Holdings Ltd (ASX: LNK) share price is up 6.6% in morning trade to $4.08.

The big lift in the administration services company’s shares comes after it received an improved takeover offer from Dye & Durham Corporation.

What is the new takeover offer?

It’s been a bit of a seesaw when it comes to the value that Dye & Durham places on the Link share price. Dye & Durham’s proposed acquisition of Link by way of a scheme of arrangement was first reported to the market on 22 December.

At the time the takeover offer was for $5.50 per share. But last week Monday 27 July, that figure was slashed by 22% to $4.30 per share.

The reduced Link share price offer came after the ACCC expressed concerns over the deal, apparently due to Link’s ownership in PEXA Group Ltd (ASX: PXA). Dye & Durham told Link management it may need to provide an undertaking to the ACCC to obtain approval for its acquisition.

Atop that undertaking, Dye & Durham also cited “the current state of the financial markets” for its reduced offer.

This Monday 4 July, the Link board reported it could not recommend the takeover for $4.30 per share while stating they’re continuing to negotiate the deal. The Link share price sank on the news.

But those negotiations look to have made some progress, as this morning Link reported Dye & Durham had increased its reduced offer by 6% to $4.57 per share.

The board said it will consider the revised offer. Link has opted to postpone the shareholders’ meeting scheduled for next Wednesday 13 July for a date yet to be determined.

Link share price snapshot

Despite the nice lift today, the Link share price remains down 27% in 2022. That compares to a year-to-date loss of 13% posted by the S&P/ASX 200 Index (ASX: XJO).

Link has a market cap of $2 billion.

The post Link share price jumps 7% on beefed up takeover bid appeared first on The Motley Fool Australia.

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• Why Audio Pixels, Lake Resources, Link, and Magellan shares are dropping
• Link share price drops on takeover rejection
• Why Imugene, Link, Metcash, and Sayona shares are racing higher
• Link share price pushes higher despite revised takeover offer
• Down 20% this week, why is the Link share price outperforming 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 positions in and has recommended Link Administration Holdings Ltd and PEXA Group Limited. 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 healthcare shares were a mixed basket this past financial year.

After a healthy first half of FY22, the sector took a massive plunge from the restart of trade in January.

The S&P/ASX 200 Health Care Index (ASX: XHJ) fell around 5% into the red for the 12 months to June 30. It traded in sideways territory from January to June.

These three healthcare shares are worthy of note. Let’s take a look at each one.

CSL Limited (ASX: CSL)

The biotech giant is a natural on this list. It suffered a similar fate to the wider sector on the charts in FY22.

After soaring to a 52-week high price of $318 on 24 November, ASX investors sold CSL down to a 52-week low of $243 per share by February.

CSL announced its acquisition offer for Vifor Pharma in December last year. It issued US$4 billion of bonds in the US debt capital markets to finance the transaction.

The six issued notes pay a coupon ranging from 3.85% to 4.95% per annum and range from five years to 40 years in tenor.

The CSL share price finished FY22 in a bullish uptrend that has continued into the new financial year. It is down 3.5% in 2022 so far and trading at $285.66 at the time of writing.

ResMed CDI (ASX: RMD)

Sleep treatment company ResMed recognised a series of losses in FY22.

ResMed reversed out of a bullish uptrend in late 2021. The ResMed share price fell from a high of $40.28 on 13 September to a 52-week low of $27.63 in May.

Despite its struggles, several analysts rate the ResMed share price a buy. Fundamentally, they say, the company is strong, and its long-term outlook is attractive.

Morgans is bullish on ResMed and says “nothing changes our medium/longer term view that the company remains well-placed as it builds a unique, patient-centric, connected-care digital platform.”

Meanwhile, analysts at HB Insights are also bullish. They reckon a product recall by ResMed’s competitor is a boon for the company.

“RMD is well positioned to deal with demand supply mechanics and now faces more demand than it can fulfil [with the competitor removed]” the broker said.

“This, along with new product launches as a catalyst, provides the economic pillars for top line expansion over the coming years,” it added.

“We are seeking … a price objective of $245 in the next 6-12 months, and are bullish in the near term amid catalysts described above,” HB Insights concluded.

This ASX healthcare share is trading down 0.92% today at $32.20.

Immutep Ltd (ASX: IMM)

Finally, Immutep is worth a mention in this list. The developer of LAG-3 immunotherapy cancer treatments had a choppy year and landed deep in the red.

Nevertheless, it released several updates across the 12 months regarding its flagship label, known as etfi.

Etfi gained more clinical trial momentum in FY22. It was most recently recognised at the American Society of Clinical Oncology 2022 special edition.

However, ASX investors appear to have overlooked this clinical progress, and have traded the Immutep share price down to a 52-week low of 29 cents on 30 June.

It has now levelled back up to trade at 32 cents.

The post Here’s how ASX healthcare shares performed in FY22 appeared first on The Motley Fool Australia.

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More reading

• Why this broker is tipping the ResMed share price to rise 17%
• Beating the benchmark: Why this broker is betting on the CSL share price for outperformance
• Here’s what happened to the CSL share price in June
• How did the Vanguard Australian Shares Index ETF perform in June?
• Pricing power: 2 ASX shares that can fight stagflation

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 positions in and has recommended CSL Ltd. and ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Janison Education Group Ltd (ASX: JAN) share price is racing higher on Thursday.

In morning trade, the education software provider’s shares are up 13% to 51 cents.

Why is the Janison share price rocketing higher?

Investors have been bidding the Janison share price higher today following the release of a trading update.

According to the release, the company expects to report revenue of $36 million in FY 2022, which represents a 20% or $6 million increase over the prior corresponding period.

While this was driven by growth across all strategic business units, a key highlight was its Assessments business. It reported a 35% increase in delivered tests to 8.7 million for the year.

Janison’s annualised recurring revenue (ARR) continues to grow, albeit at a slower rate. The company’s ARR grew 9% or $2 million to $25 million in FY 2022.

And thanks partly to an 8-percentage points improvement in its gross margin to 64%, Janison is expecting to report positive earnings before interest, tax, depreciation and amortisation (EBITDA) for the full year.

Outlook

Looking ahead, management is very positive on its prospects in FY 2023. Particularly given its streamlined operating model, which is expected to deliver material cost savings this year.

Combined with its positive growth outlook thanks partly to its robust pipeline of new assessment platform clients, management expects to be cash flow positive in FY 2023.

The release concludes:

Management remains confident in the medium-long term outlook for digital assessments (products and solutions) and the Company’s leading position in the market for powering high volume, highly secure and scalable assessments for schools and accreditation customers.

The impact of COVID over the past two years has increased the market size and rate of digital adoption but has pushed out the timing of customers’ willingness to commit to large-scale transformations or deployments due to the extent of disruption in the market and resourcing constraints.

The post Janison share price jumps 13% on FY22 trading update appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Janison Education Group Limited. The Motley Fool Australia has positions in and has recommended Janison Education 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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