The Hawsons Iron Ltd (ASX: HIO) share price spiked in early trade on Monday after the company announced a major land deal.

The iron ore developer and producer has entered a two-year option agreement that could see it snapping up land suitable for an export facility.

At the opening bell on Monday, Hawsons Iron shares shot up to 49.5 cents – representing a 12.5% gain. However, they have since given back those gains, and some. At the time of writing, the Hawsons Iron share price is 42 cents, down 4.55%.

Let’s take a closer look at today’s news from Hawsons Iron.

What boosted the Hawsons Iron share price today?

Hawsons Iron stock surged in morning trade following news of a deal that could see it buying 1,000 acres suitable for developing a deep-water export facility for $14 million.

The land spans three plots and is located at Myponie Point on South Australia’s eastern Spencer Gulf.

Under the agreement, Hawsons Iron will have the option to buy the land for two years after the execution date. The agreement brings the company closer to its goal of supplying high-grade iron ore products.  

It comes on the back of a memorandum of understanding between the company and Flinders Ports. This sees the pair agreeing to work together to design, construct, and operate the Myponie Point Port. The end goal is the export of 20 million tonnes of magnetite concentrate each year.

The port is expected to be able to export Hawsons’ 70% iron magnetite concentrate by the second half of 2024.

Hawsons Iron managing director Bryan Granzien commented on the news driving the company’s share price today:

This agreement secures a crucial export site required for the planning and development of our 20 million tonnes per annum project and importantly provides significant additional space to accommodate expansion of the Myponie Point Port into a multi-user, bulk commodity export facility.

Now that we have identified our port location, planning and detailed design work can continue on the deep-water port facility and the underground slurry pipeline from Broken Hill, including all approvals and land access agreements along the 392-kilometre pipeline route.

The Hawsons Iron share price is currently 180% higher than it was at the start of 2021. It has gained 167% since this time last year.

The post Here’s why the Hawsons Iron share price spiked 12.5% on Monday appeared first on The Motley Fool Australia.

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More reading

• Here’s why the Hawsons Iron share price is rocketing 25% today
• Is the party over for the Hawsons Iron share price?

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

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At lunch on Monday, the S&P/ASX 200 Index (ASX: XJO) has given back its early gains and dropped deep into the red. The benchmark index is currently down 0.8% to 6,424.6 points.

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

PointsBet’s strategic investment

The PointsBet Holdings Ltd (ASX: PBH) share price is surging higher today. This follows news that the sports betting company has received a major strategy investment. SIG Sports Investment Corp has invested $94.16 million into PointsBet via a placement of shares at a 13% premium to its last close price. This makes SIG Sports Investment Corp the company’s largest shareholder with a 12.8% stake.

Energy shares tumble

One area of the market that is struggling today is the energy sector. The likes of Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) are taking a tumble after oil prices sank on Friday night. Traders were selling down oil prices amid concerns that a potential global recession could weigh on demand.

Vicinity upgrades guidance

The Vicinity Centres (ASX: VCX) share price is charging higher today after the shopping centre operator upgraded its guidance. Vicinity now expects funds from operations to be at or above 12.6 cents per security in FY 2022. This compares to its previous guidance of 11.8 cents to 12.6 cents. Management stated that this “reflects the sustained strength of retail sales and improved negotiation outcomes with retailers.”

Best and worst ASX 200 performers

The best performer on the ASX 200 on Monday has been the PointsBet share price with an 11% gain. This follows SIG’s major investment in the sports betting company. Going the other way, the worst performer has been the Silver Lake Resources Limited (ASX: SLR) share price with an 8.5% decline. This follows heavy declines in the gold sector.

The post ASX 200 midday update: PointsBet jumps, energy shares sink, Vicinity’s upgrade appeared first on The Motley Fool Australia.

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More reading

• Transurban share price jumps as dividends hit pre-pandemic highs
• PointsBet share price jumps 15% on SIG investment and bonus options news
• 5 things to watch on the ASX 200 on Monday
• Have ASX 200 shares bottomed? Experts weigh in
• These were the worst performing ASX 200 shares last week

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 Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet 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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It wasn’t too long ago that we were reporting on a 36% price increase in Tritium DCFC Ltd (NASDAQ: DCFC) shares during March.

Two months later, investors in the electric vehicle (EV) fast-charging outfit hailing from Brisbane are less ecstatic with the company’s performance. Since 9 February this year, shares in the EV charger company have deflated 60%.

Much like other pre-profitable listed companies, the Tritium share price has been sold down amid a shift in market mood. The changing economic environment appears to have added more resistance to Tritium’s metaphorical electric current.

In light of this, let’s recap what’s been happening under the hood at Tritium recently. Following this, we’ll take a look at an opportunity that could potentially amp up the voltage for this company.

Doing deals

Looking at how the share price has performed, you probably wouldn’t think Tritium has released any good news in months. Yet, the last few months have been jam-packed with developments for the company.

In April, shareholders were informed of a multi-year contract with London-based oil and gas heavyweight BP Plc (NYSE: BP). The deal is part of BP’s plans to establish a global EV charging network. Initially, Tritium will be tasked with delivering an order of just under 1,000 chargers across the UK, Australia, and New Zealand.

Additionally, an announcement landed in May revealing an additional 250 chargers ordered by Osprey. This marks the second order from the United Kingdom EV charging network operator with the region expected to require between 280,000 to 480,000 charging points by 2030.

Speaking on behalf of Osprey, CEO Ian Johnston stated:

As an independent charge point operator, we have the freedom to work with the very best hardware companies so that we can provide the very best experience for our customers… Tritium is an instrumental partner in helping Osprey deliver on our goal of creating a high-quality, inclusive, reliable charging network that’s worry-free and accessible for all.

In spite of these announcements, Tritium shares have suffered as sentiment wanes on the more speculative end of markets. For the 12 months ending 30 June 2021, Tritium lost US$63.1 million on the bottom line.

A jolt of momentum for Tritium shares ahead?

Regulation is playing a role in fuelling the rollout of EV chargers amid a world more conscious of carbon emissions. As such, the Tritium share price can be influenced by regulatory changes that aid or block the electric trend.

Recently, the European Parliament has thrown its support behind an EU-wide ban on new fossil fuel-powered vehicles from 2035.

While the law is not yet final, it hints at a potential future where vehicle manufacturers will need to focus their attention on EVs. In such a world, Tritium shares might be positioned to benefit from heightened demand for charging stations.

The post Shares in Aussie EV charging station company Tritium have plunged 60% since February. What’s next? appeared first on The Motley Fool Australia.

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More reading

• Transurban share price jumps as dividends hit pre-pandemic highs
• Beginners: Investing in ASX shares for the first time? Here’s what you should know
• Should You Pull Your Money Out of the Stock Market Right Now?
• Buy these good value ASX dividend shares: brokers
• What I love about these 2 ASX growth shares

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has 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 Transurban Group (ASX: TCL) share price is outperforming the market this morning after it announced an increase in its final dividend.

The toll road operator said it will pay a distribution of 26 cents a security for the six months ending 30 June 2022.

This is the highest final dividend that the group has paid since 2019, just before the COVID-19 mayhem.

Increase in dividends lifts Transurban’s share price

The final dividend also represents a 21% increase over the 21.5 cents a security payment it made this time last year.

The news sent the Transurban share price revving up 2.2% to $13.93 in early trade. This compares to a flat open for the S&P/ASX 200 Index (ASX: XJO).

Distribution details

The final dividend is made up of a 24 cent a security payment from the Transurban Holding Trust and its controlled entities. The balance is paid from Transurban Holdings Limited.

This takes the full-year dividend to 41 cents a security which gives a net yield of 3% using the current Transurban share price.

Of the total FY22 distribution, 2 cents of this are fully franked. The distribution may also be tax-deferred and more details will be released in August.

The distribution also includes the circa 2.5 cents per security in capital releases. This is related to Transurban’s increased stake in WestConnex where the capital releases are used to minimise the dilutive impact of the deal.

Other tailwinds for the Transurban share price

The increase in distributions may not be the only factor driving interest in the Transurban share price.

Some experts believe that ASX infrastructure shares are likely takeover targets in this volatile environment.

Such shares, including Transurban, generate a relatively stable earnings stream. Their contracts also typically provide an inflation adjustment too.

Do ASX infrastructure shares make good targets?

These are desirable qualities given the high inflation outlook with rising costs threatening to erode corporate profits.

Fears of a sharp economic slowdown in the form of stagflation or a recession only make defensive ASX shares like Transurban more desirable.

Other ASX shares with similar qualities to the Transurban include APA Group (ASX: APA) and Atlas Arteria Group (ASX: ALX) with the latter facing a potential takeover.

The Transurban share price has fallen around 5.6% over the past year, even with today’s rally. In contrast, the ASX 200 has lost more than 12% during the period.

The post Transurban share price jumps as dividends hit pre-pandemic highs appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Monday
• Have ASX 200 shares bottomed? Experts weigh in
• These were the worst performing ASX 200 shares last week
• These were the best performing ASX 200 shares last week
• Novonix share price loses 20% in dire week for ASX 200 tech stocks

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended APA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Beginner investors that are considering investing in ASX shares are choosing a monumental time to do it amid the declines and interest rate rises.

There is a lot to know about investing. Picking the right investment is an important part of it, sure. But, investing can also be about patience, bravery and knowledge.

ASX shares are not like term deposits. There is more risk involved, in a number of different ways. But there is good growth potential as well.

It’s important not to be side-tracked from building wealth. Hence, keeping these things in mind for beginners could help:

Compounding takes time

ASX shares are not get rich-quick schemes, though it is possible for some investments to rise quickly.

If people treat investing in ASX shares like betting at the casino, then I don’t think that’s the right way to go about things.

Looking over history, ASX shares have returned an average of 10% per annum. But that doesn’t mean the market returns a consistent 10% each year. One year the return could be 15%, the next year it could be 5%. But the annual return takes a whole year to be achieved, it’s not just what happens in January, February or June.

There aren’t many other things in life that we have to wait for like shares. Compounding takes time and patience.

If $1,000 were invested in shares and it returned an average of 10% per annum, it would take less than eight years to double to more than $2,000. But, like the disclaimer says, past performance is not a reliable indicator of future performance.

Large declines are unpredictable…sort of

Sometimes the value of shares can go backwards in one year. Sometimes by quite a lot.

When the share market is open, prices are changing all the time. While we hope that share prices go up over time, I think it’s important to acknowledge and keep in mind that share prices do go down heavily occasionally. By keeping that in mind, it will mean the declines are less of a shock for beginners (and all investors). We just don’t know when that next crash is going to happen, or how long share valuations will stay ‘crashed’.

The average return per annum of 10% includes all the crashes of the past like the GFC.

I don’t sell my shares just because the prices of my investments have gone down. Indeed, I try to invest in ASX shares that I think have good long-term potential and I’d want to buy more of if their price dropped. I’m using the current drop as an opportunity to buy discounted businesses.

Investors don’t know when the next crash is coming. The GFC was largely unexpected beforehand and there was a lot of fear during it. Prices can drop a lot when there’s uncertainty. Right now, there’s a lot of market uncertainty surrounding inflation and potential interest rates.

Bonus tip: Australia is only a small part of the global share market

A beginner investor may also want to know that ASX shares are only a small part of the global share market.

There are plenty of businesses listed in the US, Europe, Japan and so on.

I’m not saying that beginner investors should ignore ASX shares.

But, it could be worth knowing about investments that can give easy access to global share markets such as iShares S&P 500 ETF (ASX: IVV), Vanguard Msci Index International Shares ETF (ASX: VGS) and VanEck Morningstar Wide Moat ETF (ASX: MOAT). Diversification is a very useful tactic for investing because it lowers risks.

The post Beginners: Investing in ASX shares for the first time? Here’s what you should know appeared first on The Motley Fool Australia.

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More reading

• Transurban share price jumps as dividends hit pre-pandemic highs
• Should You Pull Your Money Out of the Stock Market Right Now?
• Buy these good value ASX dividend shares: brokers
• What I love about these 2 ASX growth shares
• Infomedia share price surges 9% following third takeover approach

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 Vanguard MSCI Index International Shares ETF. The Motley Fool Australia has recommended VanEck Vectors Morningstar Wide Moat ETF, Vanguard MSCI Index International Shares ETF, and iShares Trust – iShares Core S&P 500 ETF. 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

To say that this is a difficult time to be an investor would be an understatement. With major market indexes being down significantly, a lot of people are seeing losses in their portfolios. And if you’re one of them, you may be inclined to ditch your stocks before more damage ensues. But pulling your money out of the stock market right now is a move you might sorely regret.

Why you need to stay the course

At this point, your portfolio may be down 25% or 30% year to date. If that’s the case, your logic might be that liquidating your stocks now means avoiding a scenario where you’re looking at a 40% or 50% loss.

It’s easy to understand that line of thinking. But one thing you must remember is that any loss you’re seeing in your portfolio right now is a hypothetical one, not an actual one. However, if you go out and sell stocks while they’re down, you’ll convert a potential loss to an actual loss — and that’s a move that could hurt you financially for many years to come.

That’s why now’s really not the time to pull any money out of the stock market. The only exception is if you have a stock in your portfolio that was performing poorly before this recent downturn. If you don’t have a lot of faith in its ability to recover, you may be better off taking a loss on that individual stock and using it to your advantage. But broadly speaking, you should not be dumping stocks right now.

Keep the faith

This certainly isn’t the first time the stock market has tanked, and it likely won’t be the last. But do keep in mind that the stock market has a long history of recovering from downturns. If you keep your portfolio intact, you may find that in a year from now, your balance will be back to where it was before this recent decline. Or you may find that you’re up from where you were at the start of 2022.

Furthermore, if the money in your portfolio is earmarked for a goal like retirement, and you have another 15 to 25 years in the workforce ahead of you, then there’s no reason to assume this current downturn will hurt your long-term plans. It may make for some temporary uneasiness, but if you leave your portfolio alone, you’ll set yourself up to get through this downturn unscathed. If you sell investments out of panic, you might lock in losses you never quite manage to fully recover from.

While this may seem counterintuitive, now is actually a pretty good time to add to your portfolio if you happen to have the cash lying around (or the ability to use part of your paycheck for investing purposes). The fact that the broad market is down means you might scoop up quality stocks at a discount. And if you hold those for a long time, you could profit quite nicely.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Should You Pull Your Money Out of the Stock Market Right Now? appeared first on The Motley Fool Australia.

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More reading

• Buy these good value ASX dividend shares: brokers
• What I love about these 2 ASX growth shares
• Infomedia share price surges 9% following third takeover approach
• Qantas share price lifts amid new sustainability partnership
• These are the 10 most shorted ASX shares

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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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There are two main ways that the ASX share market can deliver returns for investors – capital growth and dividends. What if there are some ASX dividend shares that are expected to deliver dividends and potentially grow in value?

Experts sometimes provide dividend estimates for what they think businesses are going to pay to shareholders. Some businesses are expected to pay low dividend yields, while others can be quite large. Sometimes the predicted grossed-up dividend yield can be above 10%.

Despite the recent volatility, these two ASX dividend shares have experts predicting attractive total returns.

Perpetual Limited (ASX: PPT)

This business is a fund manager. Perpetual’s total assets under management (AUM) was $97.9 billion at 31 March 2022. It also had $1.05 trillion of funds under administration (FUA) with its Perpetual Corporate Trust.

The business boasts that its funds are generating strong investment performance with 92% of Barrow Hanley strategies and 75% of Australian equity strategies outperforming their benchmarks over three years.

Perpetual is currently rated as a buy by the broker Citi, with a price target of $40.80. That implies a potential rise of more than 40% over the next year.

The ASX dividend share says that it’s going to continue to take a “disciplined focus on both organic and complementary inorganic investment opportunities… supported by a strong balance sheet, and a track record of positive execution and improvement in net flows”.

Based on Citi’s estimates, the broker values the Perpetual share price at 10x FY23’s estimated earnings. Citi suggests it has a potential grossed-up dividend yield of 11% in FY23.

Monash IVF Group Ltd (ASX: MVF)

This ASX dividend share describes itself as a leading provider of assisted reproductive and specialist women’s imaging and diagnostic services in Australia and South-East Asia. It says it’s a driving force in developing assisted reproductive technologies.

Monash IVF’s latest update showed why the company believes that “underlying IVF demand is growing and its strategic initiatives will enable it to take advantage of this demand”.

The company said that new IVF patient registrations in the financial year to April were “strong”. It had growth of 5.2% compared to the prior corresponding period. Monash IVF says this provides a “solid platform” for growth in FY23.

However, the business said that the current environment has negatively impacted stimulated cycle activity and profitability between January 2022 and April 2022. That’s as patients defer treatment due to contracting COVID-19 or being a close contact. Further, the company has a medical policy delaying treatment for patients who have contracted COVID-19 for eight weeks after recovery. This has created pent-up demand, which Monash IVF expects to service in the future.

The company expects the FY22 adjusted net profit after tax (NPAT) before certain non-regular items to be approximately $22 million subject to any further COVID-19 impacts.

The broker Macquarie currently rates it as a buy with a price target of $1.20. That implies a possible rise of more than 20%.

Based on an expected improvement of profit in FY23, Macquarie values the Monash IVF share price at 15x FY23’s estimated earnings and a potential grossed-up dividend yield of 6.8%.

The post Buy these good value ASX dividend shares: brokers appeared first on The Motley Fool Australia.

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More reading

• What I love about these 2 ASX growth shares
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• Qantas share price lifts amid new sustainability partnership
• These are the 10 most shorted ASX shares
• Own AGL shares? Here’s what to know about the company’s latest green hydrogen push  

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended 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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There has been much volatility on the ASX share market in recent weeks and months. But this could be an opportunity to find some good ASX growth shares at cheaper prices.

Companies that are growing internationally are attractive to me because their businesses open up much larger total addressable markets.

I think that a business is attractive if it’s growing and has a long growth runway because it means there is the theoretical potential for years of possible compounding ahead — if the business is successful.

For me, the below two ideas tick the boxes.

RPMGlobal Holdings Ltd (ASX: RUL)

This ASX growth share describes itself as a global leader in the provision and development of mining software solutions, advisory services, and professional development for the mining industry.

It aims to support mining clients to extract more value at every stage of the mining lifecycle. According to the company, it has helped deliver “safer, cleaner and more efficient operations in over 125 countries”.

RPMGlobal Holdings is quickly increasing its recurring revenue base. The latest update, from last week, showed that its annual recurring revenue (ARR) from software subscriptions (excluding annually recurring maintenance and support revenue from past perpetual software licenses) increased by $1.1 million from 10 May 2022 and had reached $31.1 million.

The company also has $89 million of pre-contracted noncancellable software subscription revenue which will be recognised in future years. This is attractive in my opinion because it means the company has already booked revenue growth.

This ASX growth share has also launched a share buyback to buy up to 5% of the company’s current shares on issue. It had $36.9 million of cash in the bank as at 30 April 2022. Based on the closing RPMGlobal share price on 26 May 2022, the cash cost would have reportedly been around $18.6 million.

I think the business is attractive because of its growing ARR, its expanding client base, an increase in the number of services it can offer clients, and the bolt-on acquisition strategy.

Treasury Wine Estates Ltd (ASX: TWE)

This business is a winemaker with a number of different brands including Penfolds, Wolf Blass, Yellowglen, T’Gallant, Jamieson’s Run, Blossom Hill, and Beringer Vineyards. The company boasts that Penfolds is a global luxury icon.

I like that the business has built a portfolio of different brands for different customers and price points.

The company generates sales in more than 70 countries across multiple distribution channels. It also boasts of having a “world-class asset base in internationally acclaimed wine-making regions”.

Treasury Wine Estates says that there are a number of key elements that support its through-the-cycle growth ambitions, including attractive category fundamentals.

In terms of the outlook, the ASX growth share says that consumers are ‘trading up’, driven by younger age groups and the continued emergence of the ‘buy better’ trend. Management says that its portfolio structure and premiumisation strategy are an “excellent platform” from which to harness the “powerful trend”.

The company says it’s the global leader in premium and luxury still wine, with a 5% market share. The company’s management also says the business has an “excellent” foundation to grow.

I’m also attracted to the fact that it can grow nicely in the fast-growing Asian wine market.

The ASX growth share said that “the growing popularity of wine in the region, particularly with younger consumers, is reflected in an attractive five-year forecast compound annual growth rate (CAGR) of 4%”.

The post What I love about these 2 ASX growth shares appeared first on The Motley Fool Australia.

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More reading

• Experts name 2 ASX growth shares to buy with major upside potential
• 2 blue chip ASX 200 shares Morgans rates as buys
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended RPMGlobal Holdings. The Motley Fool Australia has recommended RPMGlobal Holdings and Treasury Wine Estates 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 Infomedia Limited (ASX: IFM) share price has started the week strongly.

In morning trade, the automotive industry software provider’s shares are up 9% to $1.62.

Why is the Infomedia share price charging higher?

The Infomedia share price is rising this morning amid optimism that a bidding war to acquire the software company could be about to ensue. This follows news that a third bidder has tabled a takeover offer this morning.

According to the release, Infomedia has received a further conditional non-binding indicative proposal from Solera Holdings to acquire it for a price of $1.70 per share payable in cash.

Solera is a portfolio company of US based Vista Equity Partners, which is a technology focused investment firm.

The release notes that Solera’s proposal is subject to a number of conditions. These include the completion of due diligence, final approvals, finalisation of financing arrangements, and entry into a scheme implementation deed.

How does this compare to other proposals?

Solera’s offer is in line with the offer made by the TA Consortium and just short of the $1.75 per share offer from Battery Ventures.

The Infomedia board has carefully considered the three proposals and has formed the view that it is in the interests of shareholders to engage further with all three parties. As a result, it has granted the three suitors with due diligence access.

The board also advised that it will continue to act in the best interests of all shareholders and will consider any further proposals that support this objective. It also continues to hold on-going discussions with other interested parties in this regard.

For now, though, it has advised shareholders that they do not need to take any action in response to the indicative proposals. It also warned that there is no certainty that any of the proposals will result in a transaction.

The post Infomedia share price surges 9% following third takeover approach appeared first on The Motley Fool Australia.

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More reading

• Why Infomedia, Pilbara Minerals, PointsBet, and Talga shares are racing higher
• Infomedia share price leaps higher on new unsolicited takeover proposal 

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 Infomedia. The Motley Fool Australia has recommended Infomedia. 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 Qantas Airways Ltd (ASX: QAN) share price is lifting off in early trade, up 2.41%.

Qantas shares closed on Friday at $4.36 apiece and are currently trading for $4.465.

This comes as the S&P/ASX 200 Index (ASX: XJO) is just about flat in early trade.

It also comes amid a new $200 million sustainability initiative announced over the weekend.

Today’s morning boost will be welcome news for shareholders following a horror week for the airline last week, which saw the Qantas share price tumble 16% amid the wider market rout.

What new sustainability initiative was announced?

Qantas announced it will partner with Airbus to invest up to US$200 million to help establish a domestic sustainable aviation fuel (SAF) industry.

Qantas CEO Alan Joyce and Airbus CEO Guillaume Faury signed the Australian Sustainable Aviation Fuel Partnership in Doha yesterday.

Australia currently does not produce commercial quantities of SAF. That sees the nation exporting millions of tonnes of canola and animal tallow, which are then processed overseas into SAF.

The partners will invest in carefully selected, locally developed and produced SAF initiatives.

Qantas has previously committed to using 10% SAF in its overall fuel mix by 2030 to reduce its carbon emissions.

Joyce said the investment would speed up SAF development in Australia and create value for Qantas shareholders.

Commenting on the partnership with Airbus, Joyce added:

Aviation is an irreplaceable industry, especially for a country the size of Australia, and one that’s located so far away from so much of the world. Future generations are relying on us to get this right so they too can benefit from air travel.

This investment will help kickstart a local biofuels industry in Australia and hopefully encourage additional investment from governments and other business and build more momentum for the industry as a whole.

It makes a lot of sense for us to put equity into an industry that we will be the biggest customer of. We’re calling on other companies and producers to come forward with their biofuel projects. In many cases, this funding will be the difference between some of these projects getting off the ground.

The partnership is initially for five years with options to extend.

Qantas’ investment in the Australian Sustainable Aviation Fuel Partnership includes A$50 million it has already committed to research and development of domestic SAF.

Qantas share price snapshot

The Qantas share price has seen its share of ups and downs over the past year amid oft-changing sentiment around the domestic and global travel industry.

Following last week’s share selloff, the Qantas share price remains down 8% over the past 12 months. That compares to a full year loss of 12% posted by the ASX 200.

The post Qantas share price lifts amid new sustainability partnership appeared first on The Motley Fool Australia.

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More reading

• What happened to the Qantas share price today?
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• How did ASX 200 travel shares perform amid today’s sell-off?
• Why did the Qantas share price nosedive 6% today?
• Virgin Australia eyes upcoming ASX IPO: ‘Doing at least as well’ as Qantas

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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