Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Wednesday night to discuss Australia’s strong GDP numbers, the crash in ASX lithium stocks, and a big price fall for Origin Energy.

The post A crash for ASX lithium stocks, and GDP keeps growing. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia.

More reading

• Pro Medicus share price falls despite major contract win
• Pilbara Minerals share price higher on CEO appointment
• Where is the Northern Star share price headed in June?
• The Beach Energy share price zipped higher in May. Here’s why
• Top broker tips BHP share price to jump 12%

Motley Fool contributor Scott Phillips 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 Pro Medicus Limited (ASX: PME) share price is falling on Thursday.

In morning trade, the health imaging technology company’s shares are down over 1% to $40.78.

This appears to have been driven by broad weakness in the tech sector, which has offset some positive news.

Pro Medicus share price falls despite contract win

The Pro Medicus share price is falling today despite the announcement of another major contract win.

According to the release, Pro Medicus has signed a $28 million, seven-year contract with Allina Health.

Allina Health is a not-for-profit health care system based in Minneapolis, Minnesota. It has 28,000 employees and 6,000 associated and employed physicians and operates 11 hospitals and more than 90 clinics.

The release explains that the contract is based on a transactional licensing model and will see the company’s Visage 7 Enterprise Imaging Platform and Visage 7 Workflow module implemented throughout Allina Health. This will provide it with a unified diagnostic imaging platform across the network.

Pro Medicus will now commence with the planning of the rollout, with an initial go-live date targeted for the second half of the calendar year.

‘Strong momentum’

Pro Medicus’ CEO, Dr Sam Hupert, was pleased with the news and notes that its strong momentum is continuing to build in the integrated delivery network space. He said:

This is our fifth major contract in the North American integrated delivery network (IDN) space in 18 months, underpinning the strong momentum we continue to build in this important segment of the market.

IDN’s are growing because of the trend towards value-based medicine coupled with industry consolidation. Our Visage 7 platform is ideally suited to meet their needs with its unparalleled speed, scalability, and proven cloud capability.

The good news for shareholders is that this may not be the last contract win. Dr Hupert commented:

Our pipeline remains strong and spans a growing number of market segments, including academic institutions, the IDN space, independent radiology groups, and the for-profit sector. Our proven cloud-engineered technology provides us with a very significant strategic advantage with the last six of our major contracts being cloud-based — a trend we think will continue.

The post Pro Medicus share price falls despite major contract win 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 Pro Medicus Ltd. The Motley Fool Australia has positions in and has recommended Pro Medicus 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 Pilbara Minerals Ltd (ASX: PLS) share price is rising on Thursday morning.

In morning trade, the lithium miner’s shares are up 3% to $2.38.

Pilbara Minerals share price higher on CEO appointment

The Pilbara Minerals share price is rising on Thursday after the company announced the appointment of its new CEO.

According to the release, the company has appointed Dale Henderson as its new managing director and CEO. He will replace the long-serving Ken Brinsden, who will be stepping down from the role on 30 July.

Mr Henderson is currently Pilbara Minerals’ chief operating officer and has been with the company since 2017. Prior to that, he worked in senior roles for companies including Fortescue Metals Group Limited (ASX: FMG), Chevron, and Occidental Petroleum.

The release explains that he was selected from a field of outstanding candidates because of his strong lithium industry experience, outstanding leadership skills, strong cultural values, and work ethic.

Mr Henderson’s clear understanding of the future of the lithium raw materials industry and Pilbara Minerals’ vision to become a major long-term player in the rapidly growing lithium industry supply chain also played a role in his selection.

Management commentary

Pilbara Minerals’ Chairman, Tony Kiernan, said he is delighted with the appointment and believes the company is in safe hands. He commented:

We are delighted that Dale has accepted the Board’s offer to become Pilbara Minerals’ next Managing Director and CEO, following an exhaustive international search process that yielded some outstanding candidates. Dale is an exceptional, high-calibre individual who has already made his mark at Pilbara Minerals over the past five years as COO.

I have every confidence that Dale is going to be an exceptional Managing Director and CEO. He is a very strong, capable and inclusive leader and has the industry experience, leadership skills and cultural values to take Pilbara Minerals forward into its next exciting growth chapter.

The post Pilbara Minerals share price higher on CEO appointment appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Thursday
• What’s dragging the Lynas share price 6% lower today?
• Why is the Pilbara Minerals share price cratering 17% today?
• Why are ASX lithium shares tanking on Wednesday?
• ASX 200 midday update: NAB completes acquisition, lithium miners sink, Origin tumbles

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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Shares of Northern Star Resources Ltd (ASX: NST) have lagged key benchmarks in 2022 and now trade 7% down this year to date.

After nudging past 52-week highs in April, traders unloaded shares from a peak of $11.48 with prices levelling to $8.50 by 12 May. They currently fetch $8.72 apiece.

Similarly, gold and gold bullion has endured a similar path after blowing off highs of more than US$2,052 per troy ounce in March.

Sentiment tilted bullish with Northern Star

Coverage of Northern Star from analysts is tilted to the bulls according to Bloomberg data. However, analysts at Argonaut Securities urge clients to sell their position, valuing the company at $7.60 per share.

The consensus price target is $12.59 from this list, with Canaccord Genuity holding the highest valuation at $15.15 per share.

In its assessment, the team at JP Morgan was constructive on the company’s balance sheet and noted it “is generating solid FCF at current gold prices”.

“The company is focused on three production hubs – Kalgoorlie and Yandal in Australia, and Pogo in Alaska,” the JP Morgan team wrote.

“The company has a track record of project delivery and strong production growth. We have an Overweight rating, based on valuation [$11 per share].”

Meanwhile, gold appears to remain under pressure amid a strengthening US Dollar and the curling up of US Treasury yields.

Moreover, the outlook for interest rates and the dollar still present major headwinds for gold bullion, per Trading Economics, “as investors continue to speculate on how aggressive monetary tightening will need to be to fight inflation.”

The dispersion in performance from key assets traditionally viewed to fight inflation in investor portfolios are plotted below. Curiously, gold and gold miners like Northern Star are down over the last few months, with a key divergence in late April. Whereas the US Dollar index (DXY) has climbed steadily. Even more curious, is the performance of the Russian Ruble against the US Dollar (RUB/USD).

Northern Star share price snapshot

In the last 12 months the Northern Star share price has slipped more than 23% into the red and is down more than 7% this year to date.

Losses have extended into the past month of trade with shares sliding another 11% in that time.

The post Where is the Northern Star share price headed in June? appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Wednesday
• Why has the Northern Star share price fallen 10% in a month
• 5 things to watch on the ASX 200 on Monday
• What’s the outlook for ASX 200 gold shares in June?
• Why I think these 3 ASX shares are top-quality buying at today’s prices

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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While the S&P/ASX 200 Index (ASX: XJO) fell 2.7% in May, the Beach Energy Ltd (ASX: BPT) share price surged 7%.

This comes after the company announced a couple of announcements to the ASX throughout last month.

At Wednesday’s market close, the energy producer’s shares added to its strong gains by 1.16% to $1.745.

What happened with Beach Energy?

At the start of May, Beach Energy delivered its Macquarie Conference presentation which highlighted its growth strategy.

Management stated that its FY22 guidance is on track for production of 21 – 23 million barrels of oil equivalent (Mmboe). The majority of the supply will come from the company’s East Coast Gas market.

In addition, Beach Energy reaffirmed its plan to achieve production of 28 Mmboe by FY24. In contrast, it recorded production of 25.6 Mmboe in FY21 – down 4% on the previous year.

Looking at the near-term, management expects to have 8 gas plants producing from 5 basins by the end of 2023. The plants will deliver gas to 4 markets including the East Coast gas market and the global LNG market.

The news sent the company’s shares 1.54% higher on the release, followed by a 3.94% gain the following day.

During mid-month, Beach Energy announced the appointment of Morné Engelbrecht as its new CEO with immediate effect.

A day later, the company provided an update in relation to its Bass Basin acreage.

However, the two releases above weren’t enough to rally the share price due to market volatility in the sector. As such, Beach Energy shares fell around 7% from 18 May to 20 May.

Nonetheless, at the end of May, the company’s shares recovered lost ground with a 5.18% gain. This came off the back of strengthening oil prices and the EU agreeing to a partial ban on Russian oil imports.

Beach Energy share price summary

Over the last 12 months, the Beach Energy share price has lifted by 36%, with year-to-date up 38%.

Its shares hit a 52-week high of $1.77 in March before trading sideways for the following months.

Beach Energy presides a market capitalisation of roughly $3.94 billion.

The post The Beach Energy share price zipped higher in May. Here’s why appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• Here are the 3 most traded ASX 200 shares on Tuesday
• Why Argosy, Arafura, Beach, and De Grey Mining shares are rising
• Why is the Beach Energy share price having such a cracking Tuesday?
• ASX 200 midday update: Beach, Santos rise but EML, Zip tumble

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

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The BHP Group Ltd (ASX: BHP) share price could be great value at the current level.

That’s the view of analysts at one leading broker.

What is being said about the BHP share price?

According to a note out of Goldman Sachs this morning, its analysts have reinstated coverage on the mining giant’s shares with a buy rating and $51.20 price target.

Based on the current BHP share price of $45.65, this implies potential upside of 12% for investors over the next 12 months.

In addition, the broker is forecasting fully franked dividend yields of ~11% in FY 2022 and ~9% in FY 2023. This brings the total potential 12-month return to greater than 20%.

What did the broker say?

Goldman Sachs revealed that it reinstated its buy rating due to the Big Australian’s attractive valuation and free cash flow, as well as upside from its ~US$20bn copper growth pipeline.

In respect to its valuation, the broker acknowledges that the BHP share price trades at a premium to peers but believes this is justified and will continue despite the petroleum demerger. It explained:

BHP has traded at a ~0.5x EV/EBITDA premium to global mining peers over the past decade, which we put down partly to the benefits of the higher margin oil business. […] We believe this premium vs. peers can be maintained due to ongoing superior margins and operating performance (particularly in Pilbara iron ore), high returning copper growth, and lower iron ore replacement & decarb capex, and jurisdiction risk.

As for its copper growth potential, Goldman Sachs highlights:

[We] continue to believe BHP’s major opportunity (and challenge) is offsetting copper reserve depletion and grade decline in Chile from 2023 through investing in BHP’s copper reserves/resources (40Mt/200Mt) which are the largest globally. We now include US$6bn of copper projects out of the ~US$20bn we have identified, delivering 400-500ktpa of copper out of potential ~0.9Mtpa total. If BHP develops all copper options, we forecast modest Cu Eq production (CAGR) of around ~1% over the decade, broadly in line with global peers.

All in all, the broker sees a lot of value in the BHP share price, which could make it one to consider if you’re looking for exposure to the resources sector.

The post Top broker tips BHP share price to jump 12% appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Thursday
• Top brokers name 3 ASX shares to buy today
• UBS warns of more downgrades for ASX 200 shares… but not all
• The BHP special dividend is being paid today. Here’s the lowdown

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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Fund manager Wilson Asset Management (WAM) has identified two top small-cap ASX shares in one of the portfolios it manages that could be investment ideas.

WAM operates several listed investment companies (LICs). Some focus on larger companies like WAM Leaders Ltd (ASX: WLE) and WAM Capital Limited (ASX: WAM).

There’s also one called WAM Microcap Limited (ASX: WMI) which focuses on small-cap ASX shares with a market capitalisation under $300 million at acquisition.

WAM says WAM Microcap targets “the most exciting undervalued growth opportunities in the Australian microcap market”.

These are the two small-cap ASX shares the fund manager outlined in its most recent monthly update:

Generation Development Group Ltd (ASX: GDG)

WAM says that Generation Development operates as a registered pooled development fund (PDF) specialising in providing development capital to financial sector businesses.

In April, the business revealed a stronger-than-expected quarter for the three months to March 2022. It reported a 33% increase in inflows into investment bonds. This made its FY22 year-to-date result the highest annual recorded sales result since the start of the business.

The small cap ASX share also revealed a 36% increase in total funds under management (FUM) year on year. This growth was supported by “significant” investment bond sale inflows.

Why does WAM like this business? The investment team believes that the company’s suite of new and existing products are continuing to gain market share in the adviser community. WAM pointed to the 56% market share of quarterly inflows into investment bonds in the three months to December 2021.

The fund manager also said that the growth underpins its view that the business has a long growth runway which is why it’s still positive on the outlook for the company.

Reject Shop Ltd (ASX: TRS)

Reject Shop is the other small-cap ASX share. The discount retailer has been around for more than 40 years. Some of the categories of products that it sells include homewares, kitchenware, hardware, petcare, household cleaning products, toiletries, and cosmetics.

WAM noted that in April, the resignation announcement of CEO Andre Reich, after two years in the role, saw the Reject Shop share price fall 24% on the day.

However, the fund manager thinks the business can keep up its momentum, maintain profitability with a lower cost base, keep its strong balance sheet and expand its store network.

The company continues to trade in line with its earnings guidance outlined in the company’s FY22 first half, according to WAM. The fund manager is also positive on the company’s next growth phase.

The post 2 buy-rated small cap ASX shares that this fund manager likes appeared first on The Motley Fool Australia.

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• Experts pick 2 ASX shares to buy that move wealth around
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• This is when the pain will end: expert
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Tristan Harrison has positions in WAM MICRO FPO. 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 Fortescue Metals Group Limited (ASX: FMG) share price has seen quite a lot of volatility in 2022. But could the business see gains in June?

The company’s shares have been on an upward trajectory over the last week and have seen a rise of approximately 20% over the past six months.

But what’s next?

End of FY22

June 2022 marks the end of the current financial year. This is the last month for the business to make a difference to its operational and financial results.

The ASX mining share giant recently upgraded its iron ore shipment guidance for FY22 to be between 185Mt (million tonnes) to 188Mmt. This was up from previous guidance of between 180Mt to 185Mt.

However, the company also increased its expectations of C1 costs (mining costs) to a range of US$15.75 to US$16 per wet metric tonne (wmt), up from the previous guidance of US$15 to US$15.50 per wmt.

The final bit of guidance that Fortescue provided was that it would be spending between US$3 billion to US$3.2 billion on capital expenditure, excluding Fortescue Future Industries (FFI). That was a decrease from previous expectations of between US$3 billion to US$3.2 billion.

What are the prospects for the Fortescue share price?

Sentiment about Fortescue shares can change quite quickly as the iron ore price changes.

There are brokers that have put price targets on the Fortescue share price – that’s where the broker thinks the Fortescue share price will be in 12 months. But no one has a working crystal ball that will tell what the iron ore price or Fortescue share price will do this month or this year.

Ord Minnett recently said in a note that it thinks Fortescue shares are a ‘hold’, with a price target of $19. That implies a high single-digit decline over the next year.

Another recent rating from the broker Macquarie is ‘neutral’, with a price rating of $20. That also suggests a slight decline over the next year.

But one of the things Macquarie liked was the ongoing strength of the iron ore price. Considering Fortescue is allocating 10% of its net profit after tax (NPAT) to the green industrial business called FFI, the strong iron ore price will help Fortescue with its decarbonisation efforts.

Fortescue has appointed a number of people for the FFI business to give it a strong management team.

How big is the Fortescue FY22 dividend expected to be?

Ord Minnett has predicted that the Fortescue grossed-up dividend yield could be 14.2% for FY22.

Meanwhile, Macquarie has projected that the Fortescue grossed-up dividend yield might be 14.1%.

However, both brokers are expecting a dividend reduction in FY23.

Ord Minnett has pencilled in a grossed-up dividend yield of 12.3% in the next financial year.

However, Macquarie isn’t sure whether Fortescue will be able to maintain such a high dividend ratio while investing in its green efforts.

That’s why Macquarie is only expecting a grossed-up dividend yield of 8% from Fortescue in FY23.

Fortescue share price snapshot

Since the start of 2022, Fortescue shares have risen by 8%.

The post Is the Fortescue share price predicted to rise in June? appeared first on The Motley Fool Australia.

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• Iron ore price to fall 27% by end of 2022: CBA
• Why did the Fortescue share price lag the ASX 200 in May?

Motley Fool contributor Tristan Harrison has positions in Fortescue Metals Group Limited. 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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If you’re uncertain about what will happen with inflation and the economy, maybe it’s time to get “meta”.

That is, take a look at ASX companies that handle money as their business.

After all, even if the economy comes under pressure from rising interest rates, wealth still has to move around one way or another.

A couple of experts this week recommended investors buy two such ASX shares:

Moving money overseas

Spotee Connect founder Elio D’Amato likes the look of foreign exchange services provider OFX Group Ltd (ASX: OFX).

“In its latest full-year result, it achieved 25% record growth in NOI [net operating income] to $147 million, which beat expectations by an additional 10%,” he told The Bull.

“All divisions generated growth, in particular the lucrative corporate and high-value consumer divisions.”

The cross-border payments facilitator is forecasting net operating income between $200 million and $212 million for the 2023 financial year.

It banked plenty of cash during the current period too.

“Net cash grew over the period by 39% to $84.2 million.”

The OFX share price has grown 5.7% so far this year.

Other professionals are somewhat divided over this stock, with three out of five analysts surveyed on CMC Markets rating it as a buy.

Moving money out of wallets

Medallion Financial Group advisor Jean-Claude Perrottet is currently a fan of Aristocrat Leisure Limited (ASX: ALL) shares.

“The gaming giant recently posted operating revenue of $2.745 billion in its half-year result, up 23.1% in reported terms on the prior corresponding period.”

Perrottet added Aristocrat’s earnings beearnings before interest, tax, depreciation, and amortisation (EBITDA) also saw a 30% boost, to hit $970.3 million.

“Normalised profit after tax and before amortisation of acquired tangibles rose 40.9% to $580.1 million,” he said.

“A strong recovery in North American gaming operations contributed to the result. We expect digital revenue to grow in future years.”

Aristocrat shares have plunged more than 25% year-to-date.

The stock is an absolute darling among the fund manager community at the moment. According to CMC Markets, 11 out of 15 rate Aristocrat shares as a strong buy, while another two label it a moderate buy.

The post Experts pick 2 ASX shares to buy that move wealth around appeared first on The Motley Fool Australia.

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• ASX shares paid out a record $98b in dividends in the 12 months to March. Which are the star performers?
• Buy these ASX growth shares in May: experts
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Motley Fool contributor Tony Yoo 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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Ask A Fund Manager

The Motley Fool chats with the best in the industry so that you can get an insight into how the professionals think. In this edition, Shaw and Partners senior investment advisor Adam Dawes expresses his fear for a world in which the stock market closed for four years.

The ASX share for a comfortable night’s sleep

The Motley Fool: If the market closed tomorrow for four years, which stock would you want to hold?

Adam Dawes: If the stock market’s shut down for four years? I’d be out of the job! I don’t like any of that scenario.

Okay, so one stock… Look, we’re in Australia, we’re a commodity-based market. So BHP Group Ltd (ASX: BHP) would be the one stock. 

[It’s] just sold its oil and gas assets to Woodside [Woodside Energy Group Limited (ASX: WDS)]. They’ve got a lot of cash sitting on their balance sheet. That means that would continue to pay out dividends… As a private business that would continue to pay out shareholders going forward. 

I think that’s certainly something that I would look to hold for four years but, mate, that means I wouldn’t be able to pay the mortgage and we would all be in a lot of trouble.

So BHP would be that one that you would hold for those times, definitely that time.

MF: The BHP stock price has been relatively stable for a company that’s in a cyclical industry, isn’t it?

AD: Very much so. It is in the top 10 dividend-paying stocks globally.

Now you never buy a resource stock for a dividend, but Rio Tinto Limited (ASX: RIO), Fortescue Metals Group Limited (ASX: FMG), and BHP are in the top 10 dividend-paying stocks globally. 

So [that] alone, we know that there’s enough cash there to wait out any kind of commodity cycle. Albeit we’re in a good commodity cycle at the moment, but it is a cycle and that will always turn. But at the moment, there’s cash there to sit on the balance sheet to keep everything moving in the right direction.

The post Cashed up with massive dividends: Advisor reveals ASX share to hold for 4 years appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Thursday
• Top brokers name 3 ASX shares to buy today
• UBS warns of more downgrades for ASX 200 shares… but not all
• The BHP special dividend is being paid today. Here’s the lowdown
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Tony Yoo 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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