The Latin Resources Ltd (ASX: LRS) share price won’t be going anywhere on Tuesday.

This comes as the company requested that its shares be placed in a trading halt.

As such, the lithium explorer’s shares are frozen at 18.5 cents apiece.

Why is the Latin Resources share price halted?

Prior to the market opening, management requested that the Latin Resources share price be halted while it prepares an announcement.

According to the release, the company is planning to make an announcement in relation to a capital raising.

It’s worth noting that Latin Resources shares have powered ahead to astonishing levels. In a month, its shares are up 340%. It appears that the company is looking to take advantage of the share price acceleration to fund its lithium projects.

Latin Resources has requested that the trading halt remain in place until Thursday 14 April or following the release of the announcement, whichever comes first.

More on Latin Resources and lithium

Australian-based mineral exploration company, Latin Resources has projects in both Australia and South America.

In Australia, Latin Resources operates the Cloud Nine Halloysite-Kaolin deposit located 300 kilometres east of Perth in Western Australia.

On the other hand, the company is developing two lithium projects situated in Brazil and the other in Argentina.

Almost all everyday technology such as mobile phones, laptops, cameras, toys, and clocks are widely used from lithium.

However, one of the biggest markets for the battery making ingredient is electric vehicles. The reason for this is the huge difference in battery sizes. As an example, a Tesla car is fuelled by up to 90 kWh of lithium-ion compared to 5-6 kWh for an iPhone 11 that would last an entire year.

Lithium is mainly sourced from either spodumene or brine. Australia is home to the majority of the hard rock (spodumene) mines, while brine production is concentrated mainly in South America, particularly Chile and Argentina.

In contrast, it’s about 3-5 years for spodumene mines to go into production, whereas brine can take up to 7 years.

With the lithium revolution continuing to keep pace, Latin Resources is looking to get in on the action.

About the Latin Resources share price

Over the past 12 months, Latin Resources shares have surged by 260% following strong investor hype in the lithium space.

Although, when looking since the start of the year, its shares have recorded a wild uptrend, gaining more than 530%.

Based on valuation grounds, Latin Resources has a market capitalisation of roughly $305.1 million, with approximately 1.65 billion shares outstanding.

The post Here’s why the Latin Resources share price is on ice today appeared first on The Motley Fool Australia.

More reading

• Latin Resources share price surges 11% on ‘very positive’ lithium news
• Why did this ASX lithium share soar 18% today?
• Why Eagers Automotive, Firefinch, Latin Resources, and Piedmont Lithium are rising today
• Latin Resources (ASX:LRS) share price shoots 28% higher on potential ‘major new lithium discovery’

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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/e1Oj0Ui

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.

What happened

Shiba Inu (CRYPTO: SHIB) is sinking in today’s trading. The cryptocurrency’s token price was down roughly 6.9% over the previous 24-hour period at 11:30 a.m. ET Monday.

The cryptocurrency space is getting hit with a wave of bearish momentum as investor appetite for risk appears to be wavering, and SHIB is no exception. Its token price is now down roughly 11.8% over the last week of trading. 

So what

There don’t appear to be any major new developments driving sell-offs for Shiba Inu and the the crypto market at large today, but risk-off sentiment has generally been shaping trading lately. With hawkish Federal Reserve police, high inflation, Russia’s invasion of Ukraine, and other factors, investors are weighing a bevy of bearish catalysts and opting to liquidate positions in cryptocurrencies and stocks.

Now what

Shiba Inu now has a market capitalization of roughly $12.75 billion, and it ranks as the 15th-largest cryptocurrency by valuation. 

In recent months, SHIB has traded largely in line with the broader cryptocurrency market, and it looks as if market momentum will continue to be the main pricing driver in the near term. While the team behind Shiba Inu is rolling out expanded compatibility features and a metaverse themed around the token’s meme mascot, the extent to which these initiatives will create bullish catalysts for the token is hard to predict. 

If the broader crypto space sees another major bullish swing, it’s reasonable to think that Shiba Inu’s token could enjoy a substantial rally. However, investors should understand that forecasting crypto cycles is difficult, and the potential for big returns is counterbalanced by high risk. 

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

The post Why Shiba Inu is plummeting today appeared first on The Motley Fool Australia.

More reading

• Why Bitcoin, Ethereum, Dogecoin, and Shiba Inu are down today
• Shiba Inu’s ride higher accelerates as the token surges 18%
• Is Shiba Inu ready for a bull run?

Keith Noonan 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 Bruce Jackson.

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

from The Motley Fool Australia https://ift.tt/DNmpbgf

One broker thinks the Zip Co Ltd (ASX: Z1P) share price can deliver an enormous amount of growth.

The buy now, pay later business has seen a lot of difficulty over the last year. In 2022 alone, it has fallen by 69%. Over the last 12 months, the Zip share price has dropped by 84%.

But the broker Ord Minnett has a price target on the company that implies a significant upside.

Optimism for the Zip share price

The broker has a price target of $4 on Zip shares. That implies a potential upside of more than 180% over the next 12 months.

One of the positives for the broker is the planned acquisition of Zip’s BNPL competitor Sezzle Inc (ASX: SZL).

According to the merger presentation, if the two combined, Zip would have 13.3 million global customers and 8.8 million US customers. It would also have 128,800 global merchants, with 60,500 of those being in the US.

When announcing the acquisition, Zip said that the proposed transaction is expected to be accretive to revenue per share and accretive to earnings before tax, depreciation and amortisation (EBTDA) in FY24, including the full impact of potential synergies.

Zip suggested that EBTDA could benefit from up to approximately A$130 million EBTDA in FY24, of which $60 million to $80 million would be cost synergies.

Zip expects to be EBTDA and cash flow positive during FY24, including the full impact of potential synergies.

The company also conducted a capital raising to support sustainable growth. It raised $148.7 million in an institutional placement.

Ord Minnett thinks that the business now has enough money to see it through to being cash flow positive with EBTDA.

Is the core business still growing?

The Zip share price has fallen despite the company continuing to report growth.

Since the beginning of March, Zip shares have fallen 37%. But in the February reporting season, it reported plenty of growth.

Its FY22 first-half revenue rose 89% to $302.2 million, transaction volume grew 93% to $4.5 billion, and customer numbers rose 74% to 9.9 million. The revenue margin was 6.7%.

Its Australian division delivered the 14^th consecutive quarter of positive cash flow.

However, during the period, the cash transaction margin declined to 2.1% (from 3.7% in HY21), reflecting rising bad debt costs reflective of current credit headwinds as well as increasing weighting towards the rest of the world.

To combat the lower margin, Zip said it’s addressing its risk decisioning policies and its collections and recoveries processes to immediately address the credit performance.

In the medium-term, Zip said that it’s expecting to deliver a cash transaction margin of between 2.5% to 3%.

The post The Zip share price is a buy with 180% upside: broker appeared first on The Motley Fool Australia.

More reading

• These were the worst 3 ASX All Ordinaries shares to hold during the March quarter
• These are the 10 most shorted ASX shares
• 16 million new Zip shares just hit the ASX. Here’s the deal
• 16 million new Zip shares will hit the ASX on Monday. What does this mean?
• March was a lousy month for ASX BNPL shares. Here’s why

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. owns 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/x8oR6u1

The Firefinch Ltd (ASX: FFX) share price is falling today despite a seemingly positive production update from the company.

Firefinch shares are currently trading at $1.035, a 3.27% fall.

For perspective, the S&P/ASX 200 Resources Index (ASX: XJR) is down 0.79% today. Additionally, the gold price has fallen 0.15% in a day, Trading Economics data reveals.

Let’s take a look at what this gold producer and lithium developer announced today.

Gold production update

Firefinch advised the company achieved production of 10,874 ounces of gold in the first quarter of 2022 at the Morila gold project in Mali, West Africa.

This was within the company’s guidance of 10,000 to 11,500 ounces of gold. However, this does not seem to have impressed investors, judging by the Firefinch share price.

The company’s guidance of 100,000 ounces of gold in 2022 remains unchanged. Forecast production for the rest of the year is:

• 17,000 to 20,000 ounces of gold in quarter 2
• 30,000 to 35,000 ounces of gold in quarter 3
• 36,000 to 40,000 ounces of gold in quarter 4

Commenting on the production, Firefinch managing director Dr Michael Anderson said:

After a year in the role as managing director, I am very pleased to report we have delivered on our plan of transitioning from tailings reprocessing to hard rock mining. Our Q1 2022 gold production of 10,874 ounces comfortably met guidance and pleasingly was delivered injury free.

We are on the brink of benefitting from the mining of the Morila Super Pit and N’Tiola, both of which have commenced ahead of schedule.

The higher production forecast in the second half of the year will be driven by production at the Morila super pit.

The company is now mining at the N’Tiola project six weeks earlier than planned. This is taking place together with Malian company EGTF Group.

Firefinch share price snapshot

The Firefinch share price is soaring 21% year to date while it has surged 338% in a year.

In the past month, the company’s shares have returned 32%, while they are down 16% in the past week.

In contrast, the S&P/ASX 200 Index (ASX: XJO) has returned about 7% in the past year.

Firefinch has a market capitalisation of about $748.6 million based on its current share price

The post What’s with the Firefinch share price today? appeared first on The Motley Fool Australia.

More reading

• Is a bubble forming for ASX green metals shares?
• 3 ASX All Ords commodities shares smashing new highs today
• Why Allkem, Argosy Minerals, Firefinch, and Tabcorp shares are charging higher
• Why is the Firefinch (ASX:FFX) share price charging higher again?
• 5 ASX lithium and green metals shares hitting new 52-week highs today

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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/mZA2esH

The Fortescue Metals Group Limited (ASX: FMG) share price is rallying on Tuesday morning even after Shell PLC (LON: SHEL) cast doubts on the miner’s green hydrogen plans.

Shell’s head of hydrogen, Paul Bogers, believes that it will be more difficult than anticipated for Fortescue’s chairman Andrew Twiggy Forrest to deliver on his ambitious agenda, The Australian reported.

“We like the enthusiasm for the venture…. But I think the reality is it’s still some time away before we can build these really large-scale ammonia-based import-export plays,” said Bogers.

“We’re not convinced that that is the best way of shipping hydrogen over longer distances, because of how much energy you have to put in creating it.”

Fortescue’s green hydrogen plans under a capex cloud

Several of Fortescue’s major shareholders and analysts have already expressed concern about the costs involved to bring Twiggy’s green hydrogen dream to life. The iron ore miner is committing 10% of its net profit to its green energy business, Fortescue Future Industries.

An analysis by The Australian found that Fortescue will need around $195 billion to make good on Twiggy’s promises.

Fortescue’s share price unaffected by doubters

But investors don’t seem perturbed. The Fortescue share price jumped 1% to $21.41 in early trade. At the time of writing, it is 0.73% in the green at $21.345.

In comparison, the BHP Group Ltd (ASX: BHP) share price is down 0.48% at $51.43 while the Rio Tinto Limited (ASX: RIO) share price is 0.38% higher to $117.95 at the time of writing.

Mind you, Shell isn’t pouring cold water on green hydrogen. It’s only concerned about the speed that Twiggy wants to execute.

Keeping the dream alive

The billionaire businessman is also not put off by Shell’s comments. If anything, he said that Bogers’ remarks show action was needed now.

“It’s good to see Shell is acknowledging it’s going to happen, it’s now just a discussion on timing,” Twiggy said.

“We strongly encourage these massive fossil fuel companies to use their huge infrastructure, very talented people and massive renewable resources from our environment, as that is the only way to save our environment.

“They can create the energy the world needs, leaving their fossil fuel in the ground, because time will run out, long before oil does.”

Fortescue’s green hydrogen ambition

Twiggy wants to use renewable power, such as solar, to split hydrogen from water. Hydrogen can then be transported as ammonia.

Shell sees a future for green hydrogen, but it also wants to use other technologies such as carbon capture and storage.

Interestingly, Bogers acknowledged the role that Twiggy is playing as a green hydrogen evangelist. It is influential voices like his that will help bring change and accelerate the great energy transition, he said.

The post Fortescue share price jumps as Shell exec “not convinced” on Twiggy’s green hydrogen plans appeared first on The Motley Fool Australia.

More reading

• Up 20% in a month: Is the Fortescue share price a buy?
• ASX 200 midday update: Magellan jumps, tech shares tumble
• Fortescue share price lifts amid $2b cap raise
• Iron ore just passed US$160 per tonne. So why is the Fortescue share price slipping?
• What’s the outlook for the Fortescue (ASX:FMG) share price in April?

Motley Fool contributor Brendon Lau owns BHP Billiton Limited, Fortescue Metals Group Limited, and Rio Tinto Ltd. 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/g2oyMHt

Later this week, all eyes will be on Bank of Queensland Limited (ASX: BOQ) shares when the regional bank releases its half year results.

Ahead of the release on Thursday, let’s take a look at what the market is expecting from the bank.

What is the market expecting from Bank of Queensland?

According to a note out of Goldman Sachs, for the six months ended February 28, its analysts are expecting Bank of Queensland to report cash earnings of $222 million.

This will be a 16.5% decline from the $266 million reported for the prior corresponding period.

The broker expects this to be driven by bad and doubtful debts and tax expense increases, offsetting a 1.1% increase in revenue to $835 million.

Despite this reduction in cash earnings, Goldman is forecasting an increase in Bank of Queensland’s interim dividend. It has pencilled in a 22 cents per share fully franked dividend, up 29.4% from 17 cents per share a year earlier.

What else should you look out for?

Goldman is looking for Bank of Queensland to deliver on its target of positive jaws in FY 2022. This is where revenue grows quicker than costs, which supports margin expansion.

It commented: “BOQ is expecting at least 2% jaws (GSe 2.9%) in FY22, driven by above system volumes in conjunction with expenses to be c. 1% lower than FY21 (consistent with GSe).”

“We will be keen to see how BOQ is tracking on this front particularly on the expense side of things and note the following drivers highlighted by BOQ management: i) +3% FY22 underlying expense growth target comprised of 2% from amortization uplift, and 1% to support ongoing business growth, and ii) benefits from synergies should get BOQ’s FY22 expected expenses to slightly lower versus FY21. BOQ further noted FY23 will have a similar profile, while in FY24 BOQ could see an acceleration in the fall in its CTI,” the broker added.

Are Bank of Queensland shares in the buy zone?

Goldman is positive on the bank and sees a lot of value in Bank of Queensland shares. It currently has a buy rating and $9.84 price target on them.

Based on its current share price of $8.45, this implies potential upside of 16.6% over the next 12 months.

In addition, Goldman expects fully franked dividends per share of 45 cents in FY 2022 and 49 cents in FY 2023. This represents yields of 5.3% and 5.8%, respectively.

The post Own Bank of Queensland shares? Here’s what to watch when the company reports this week appeared first on The Motley Fool Australia.

More reading

• Here are the 5 best performing ASX 200 bank shares of the March quarter
• What’s the outlook for the Bank of Queensland share price in April?
• 5 things to watch on the ASX 200 on Thursday
• Why is the Bank of Queensland share price climbing today?
• Why is the Bank of Queensland (ASX:BOQ) share price slipping today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/Up9mOCv

The Bitcoin (CRYPTO: BTC) price fell hard overnight, down more than 7% at one point.

At the time of writing, one Bitcoin is worth US$39,546 (AU$53,221), down 6% from this time yesterday.

And it’s not just the Bitcoin price that’s sliding.

Ethereum (CRYPTO: ETH), the world’s No. 2 crypto by market cap, is down 7% over the past 24 hours, currently trading for US$2,986.

Those losses now see both the Bitcoin price and Ethereum down more than 15% over the past week.

So, what’s going on?

Why is the Bitcoin price tumbling?

The Bitcoin price – indeed, almost the entirety of the crypto market, save stablecoins – is taking a thrashing alongside global risk assets.

The tech-heavy Nasdaq Composite (NASDAQ: .IXIC), as one example, fell 2.2% yesterday (overnight Aussie time), taking its five-day losses to 7.2%.

Commenting on Bitcoin’s recent woes, eToro’s market analyst and crypto expert Simon Peters said:

The moves down underpin what has emerged as a significant trend in 2022 – that cryptoassets don’t appear immune to rate hike environments. Moving to a similar beat to traditional stock markets such as the Nasdaq 100, crypto appears to be struggling under an increasing rate environment.

Teong Hng, CEO of Satori Research, pointed to hawkish moves by the world’s most-watched central bank, the US Federal Reserve, throwing up headwinds for cryptos and the Bitcoin price.

According to Teong (quoted by Bloomberg): “Fed tightening by 0.5 percentage point steps at upcoming meetings as well as $95 billion per month balance sheet run-off sent crypto markets spiraling lower.”

Addressing why most of the altcoins (which are any tokens aside from Bitcoin) are down significantly more than the Bitcoin price, Josh Olszewicz, head of research at crypto investment firm Valkyrie, added: “Historically, altcoins have a tendency to overperform bitcoin to the downside in strong bearish trading environments. Altcoin trading participants often have less longer-term conviction.”

What can turn things around?

Crypto investors had been hoping that the Bitcoin 2022 conference in the US state of Florida last week would help boost the Bitcoin price.

But that didn’t eventuate.

“The Bitcoin 2022 conference held in Miami last week saw a slew of pronouncements on the crypto asset and the space more broadly, but unlike in past years, nothing of serious note seems to have buoyed the price this time around,” Peters said.

If you’re looking for a signal as to when the Bitcoin price might run hot again, Antoni Trenchev, managing partner of crypto lender Nexo, says to keep an eye on the US$45,000 level.

According to Trenchev (quoted by Bloomberg): “The Nasdaq 100 closed below its 50-day moving average on Friday, so now wouldn’t be a bad time for Bitcoin to break its correlation with the tech-laden index. Close above $45,000 again and we’re back in the game.”

The post Here’s why the Bitcoin price is falling hard today appeared first on The Motley Fool Australia.

More reading

• Why Ethereum and Dogecoin are down today
• Missed out on Ethereum? Here’s what to consider buying instead
• Fancy buying a Porsche with Bitcoin or Ethereum? Here’s how you can
• Why Bitcoin, Ethereum, and Dogecoin are singing the blues today
• Bitcoin price tumbles overnight. What can crypto investors expect next in 2022?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Bitcoin and Ethereum. The Motley Fool Australia owns and has recommended Bitcoin and Ethereum. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/A0kqt2C

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.

What happened

After a decent rally in recent months, the crypto market is coming off a tough weekend as macro concerns continue to spark fear in the broader market.

Over the last 24 hours, the world’s largest cryptocurrency, Bitcoin (CRYPTO: BTC), traded more than 4% lower as of 11:05 a.m. ET. The price of the world’s second-largest cryptocurrency, Ethereum (CRYPTO: ETH), traded nearly 6.6% lower and the price of Dogecoin (CRYPTO: DOGE) traded nearly 10% down. Dogecoin is also dealing with the evolving situation regarding Tesla founder Elon Musk and his position at Twitter.

So what

Bond yields continued to rise this morning as investors mulled the macro outlook, which is being impacted by several factors including rising inflation, Russia’s ongoing invasion of Ukraine, and the Federal Reserve’s monetary plans.

The yield on the closely-watched US 10-year Treasury bill rose to around 2.75%. We now know the Fed is planning to raise its benchmark overnight lending rate, the federal funds rate, numerous times this year and also begin shrinking its massive balance sheet by as much as $95 billion per month later this year. The Fed may also raise the federal funds rate by a half a percentage point all at once this year, a deviation from its normal 0.25% rate hikes.

“Bitcoin is down again as institutional investors grow nervous over the upcoming pace of tightening by the Fed,” Edward Moya, an analyst at Oanda, told Barron’s. “Bitcoin’s cage is the $38,000 to $48,000 range and that could hold over the next week or two.”

“Bitcoin and Ether are highly correlated to the Nasdaq-100. If the NDX tanks, it will take crypto down with it,” Arthur Hayes, co-founder of BitMEX, wrote in a blog post yesterday.

In addition to the volatile markets, Dogecoin is dealing with its own set of issues related to Musk and Twitter. Securities and Exchange Commission (SEC) filings last week revealed that Musk had taken a 9.2% stake in Twitter. It was also announced that Musk, who has been critical of the social media giant over free speech issues, would join Twitter’s board of directors. The news sparked a rally in Dogecoin. But over the weekend, Musk told Twitter he had decided not to join the board, throwing into question what kind of role Musk might play in the company’s future.

Many believed Musk joining Twitter’s board was not only good for the company, but also for Dogecoin, one of three cryptocurrencies Musk owns and has been very vocal about. Recently, Musk suggested users should be able to pay for Twitter’s new subscription service with Dogecoin.

But with Musk opting not to join the board, his role at Twitter may end up being a lot less supportive and influential than people thought initially following the announcement he would join the board.

Now what

I think macro headwinds are going to continue to impact the broader crypto market. Especially with inflation so high and the Fed likely pulling liquidity out of the market, there could be less room and appetite for the speculative crypto market.

That said, cryptocurrencies have wedged their way into the traditional financial system and all over the world, so I continue to view the most influential and useful cryptocurrencies like Bitcoin and Ethereum as long-term buys.

I am less bullish on meme-inspired ones like Dogecoin, but with influential people like Musk behind it and already a large market cap, you never know. I just don’t see any technical or fundamental reason to invest in the token.

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

The post Why Ethereum and Dogecoin are down today appeared first on The Motley Fool Australia.

More reading

• Here’s why the Bitcoin price is falling hard today
• Why Tesla stock keeps falling
• Missed out on Ethereum? Here’s what to consider buying instead
• Why Dogecoin is soaring today
• Fancy buying a Porsche with Bitcoin or Ethereum? Here’s how you can

Bram Berkowitz owns Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Bitcoin, Ethereum, Tesla, and Twitter. 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 Bruce Jackson.

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

from The Motley Fool Australia https://ift.tt/DlBOsed

The Seven Group Holdings Ltd (ASX: SVW) share price is heading south on Tuesday as it trades ex-dividend.

At the time of writing, the investment company’s shares are swapping hands for $20.64, down 1.39%.

Below we take a closer look at Seven Group’s latest dividend and when shareholders can expect payment.

Shareholders set eyes on the Seven Group interim dividend

Following the company’s half year results, investors are eyeing Seven Group shares as they trade ex-dividend today.

Typically, one business day before the record date, the ex-dividend date is when investors must have purchased shares. If the investor did not buy Seven Group shares before this date, the dividend will go to the seller.

Historically, when a company reaches its ex-dividend day, its shares tend to fall in proportion to the dividend paid out. This is because investors tend to sell off the company’s shares after securing the dividend.

When can shareholders expect to be paid?

For those eligible for Seven Group’s interim dividend, shareholders will receive a payment of 23 cents per share on 6 May. The dividend is fully franked which means investors will receive tax credits to go toward their next tax bill.

The board opted to maintain the interim dividend to possibly preserve cash for investment opportunities.

Seven Group share price summary

Since the beginning of 2022, Seven Group shares are around 4.4% in the red.

The company’s shares reached a 52-week high of $24.55 in August 2021, before plummeting over the following weeks. From there, its shares have continued to move in circles.

Based on today’s price, Seven Group commands a market capitalisation of roughly $7.5 billion and has a trailing dividend yield of 2.23%.

The post Why is the Seven Group share price sliding today? appeared first on The Motley Fool Australia.

More reading

• If you’re keen to bag the Seven Group dividend, read this
• This lagging ASX sector could be next to outperform
• Here’s a look at some ASX shares with ex-dividend dates coming up in April
• Is this the secret behind ASX shares that outperform?

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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/hGPRfV6

The Lynas Rare Earths Ltd (ASX: LYC) share price is back in view on Tuesday. This follows the release of the company’s quarterly report for the period ending 31 March 2022.

Following the opening bell, shares in the rare earths producer are up 0.5% to $9.88. Prior to this morning, the Lynas share price had tumbled nearly 15% over the past five trading sessions.

Record numbers bring home the bacon for the Lynas share price

• Record quarterly sales revenue up 61.7% year on year to $327.7 million
• Sales receipts up 73.5% to $262 million
• Total rare-earth-oxide (REO) production increased to 4,945 tonnes, up 17.5%
• Record Neodymium-Praseodymium (NdPr) production of 1,687 tonnes, up 24.1%
• Average selling price of $64.7 per kilogram, compared to $35.5 per kilogram
• Closing cash and short-term deposits of $768.4 million, up from $674.2 million

What else happened during the quarter?

Pushing through the challenges posed by COVID-19 and logistics issues, Lynas Rare Earths solidified another record result in its third quarter of FY22.

According to the quarterly report, solid growth in the rare earths market (particularly in sintered Neodymium iron boron) helped push increased sales for Lynas’ LdPr products. In turn, investors are bidding up the Lynas share price today.

The mining company was able to meet this elevated demand by ramping up production. Notably, March witnessed the first time Lynas surpassed 600 tonnes in NdPr production since the beginning of the pandemic.

Furthermore, construction of the Kalgoorlie Rare Earth Processing Facility commenced during the quarter after the company received all the necessary approvals under the Environmental Protection Act.

On an operational level, Lynas’ Mt Weld site continued to undergo debottlenecking initiatives throughout the quarter. The purpose of these activities is to be prepared for higher production rates at Lynas Malaysia.

Importantly, the miner revealed to the market on 1 March that it had discovered rare earth element mineralisation below the current Mt Weld pit. Although, the Lynas share price sank over the proceeding days.

What’s next?

The company’s 2025 projects are a predominant focus for the rare earths producer. With the Kalgoorlie project progressing, the focus may turn towards Lynas’ other 2025 projects. This includes the Unites States Rare Earths Separation Facility.

Currently, Lynas is in the planning phase for this proposed project. From here, the Department of Defence and Lynas have moved forward to detailed discussions on future phases.

Lynas share price snapshot

While the price for rare earth elements has continued to climb this year, the exuberance hasn’t translated into a better share price for Lynas. In fact, shares are down nearly 11% since the beginning of the year.

Though, on a longer time scale, it begins to look more positive. In the past year, shares in the company have gained 57%. Comparatively, the S&P/ASX 200 Index (ASX: XJO) is up only 7% during that time.

The post Lynas share price lifts amid record quarterly result appeared first on The Motley Fool Australia.

More reading

• The Lynas share price has rocketed 50% in six months. Can it keep rising?
• These were the worst performers on the ASX 200 last week
• Why is the Lynas share price backtracking 5% today?
• Why A2 Milk, IGO, Lynas, and Sayona shares are dropping
• ASX 200 (ASX:XJO) midday update: IGO dealt blow, Block’s data breach, Xero jumps

Motley Fool contributor Mitchell Lawler owns Lynas Corporation 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/OxQhkwc