The Nearmap Ltd (ASX: NEA) share price is on fire on Tuesday morning.

At the time of writing, the aerial imagery and location data company’s shares are up 13% to $1.46.

Why is the Nearmap share price rocketing higher?

Investors have been bidding the Nearmap share price following the release of an annual contract value (ACV) update.

According to the release, Nearmap has reached another key financial milestone, achieving ACV of $150 million across its group portfolio for the first time. This means the company has already achieved the low end of its full year guidance range.

Management notes that this follows continued strong momentum across the business, which includes Nearmap signing its largest ever government annual contract in North America. It highlights that premium content was a key factor in the contract win.

It feels that the largest ever government annual contract win demonstrates the enormous value and benefits government organisations gain from Nearmap technology, data, content and analysis.

Management commentary

Nearmap’s chief executive officer and managing director, Dr Rob Newman, was pleased with the achievement. He said:

“Nearmap is in an incredible position where we continue to win new customers and retain existing customers due to our world-leading location intelligence offering.

In achieving for the first time the milestone of $150 million in Group annual contract value, we again show the strength of our technology and data, and expertise of our global team. To announce this ACV milestone in the same month we signed our largest ever government annual contract in North America shows our global growth engine continues to power ahead.”

In light of this strong start to the second half, Nearmap re-affirms that it expects its Group ACV portfolio to be at the upper end of the $150 million to $160 million guidance range in FY 2022. This will be up from $128.2 million in FY 2021.

The post Why is the Nearmap (ASX:NEA) share price rocketing 13% today? appeared first on The Motley Fool Australia.

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• 2 defensive ASX dividend shares offering reliable income
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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. owns and has recommended Nearmap Ltd. The Motley Fool Australia owns and has recommended Nearmap Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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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.

What happened 

The value of Bitcoin mining related stocks jumped on Monday as the price of Bitcoin itself shot higher. At 3:30 p.m. ET the value of Bitcoin was up 7.3% over the last 24 hours and 17.4% over the past week. 

That’s pushed shares of miners Riot Blockchain (NASDAQ: RIOT) as much as 15% higher and 10.3% up as of this writing. Competitor Hut 8 Mining (NASDAQ: HUT) was up as much as 13.6% and is now up 6.6%. And computing supplier Canaan (NASDAQ: CAN) was up 11.7% at its high and is currently 5.5% higher for the day. 

So what 

Miners are clearly set to make more money as the price of Bitcoin rises because their costs don’t go up significantly and their revenue will. This is much like the commodity of a physical materials miner going up. 

The other leverage they have is that miners tend to have significant Bitcoin assets on their balance sheet, which will also rise in value on a day like today. 

To put the assets they hold into perspective, at the end of 2021 Riot Blockchain had 4,884 bitcoins on the balance sheet and Hut 8 Mining was holding 5,518 bitcoins. These assets are appreciating with the price of Bitcoin and are certainly helping stock values today. 

Canaan is the one outlier from this list, holding just 70.5 bitcoins and generating its revenue from selling mining machines to operators. It may not have the same direct impact as miners do from the rise in Bitcoin, but this is a rising-tides-lift-all-boats kind of move for Canaan.

Now what 

Today’s move across the cryptocurrency market wasn’t driven by any specific piece of news, but rather a general uptick in bullishness for cryptocurrencies. There were reports that the U.K. is set to announce some cryptocurrency regulations soon and they’re expected to be relatively pro-crypto in nature. If that’s true, it’ll be good for crypto values and digital assets, continuing a positive executive order from the White House earlier this month. 

While volatility will continue to be the standard for the crypto industry, I think it’s clear that we’re heading to a more steady state for the industry. Investors and developers are getting more comfortable that crushing regulations won’t come from developed countries and that will likely lead to even more investment. 

I think long-term these trends are bullish for the crypto industry, but with that said I would expect extreme volatility to continue, so don’t expect values to go straight up like they have over the past week, because they can reverse course just as quickly. 

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

The post Why Bitcoin mining stocks just leapt higher appeared first on The Motley Fool Australia.

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• 3 ASX shares primed to bounce back: expert
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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Bitcoin. The Motley Fool Australia owns and has recommended Bitcoin. 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.

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ASX shares have rallied this past month as investors pile back into equities and exchange-traded funds (ETFs).

The S&P/ASX 200 Index (ASX: XJO) has jumped 162 basis points in the last week and was at 7,412 at the opening of trade on Tuesday.

Meanwhile, the S&P/ASX All Technology Index (ASX: XTX) has rallied more than 4% in the past month and is now leading the charge alongside financials and commodity stocks.

For instance, the S&P/ASX 200 Financials Index (XFJ) has climbed 7% since November last year while June futures on the Bloomberg Commodity Index has shot up 30%.

ASX shares rumble back

While the market has been filled with pockets of red in 2022, there are still plenty of ASX shares on sale, according to one expert.

Three of these names are REA Group Limited (ASX: REA), Seek Limited (ASX: SEK), and cloud accounting company Xero Limited (ASX: XRO), according to Ben Clark, portfolio manager at TMS Capital.

Each of these companies has performed well in terms of fundamentals lately, Clark says, citing a number of tailwinds for each name.

“So companies like REA grew their earnings 37% last half,” he said of the digital advertising company when speaking to Livewire.

“Every newspaper I pick up on Monday, a record number of auctions on Saturday. That’s great for REA.”

Whereas in Seek’s case, the macroeconomic landscape is generating a promising outlook for the online jobs marketplace.

“Companies like Seek, the job market is as tight as I’ve ever seen it,” Clark added. “Every headhunter that you speak to says, ‘Change this pricing dynamic model. We’re paying them more than we ever have. And we’ve just got to do it’.”

Finally, as tech regains strength again, ASX shares such as Xero could benefit investors greatly, he noted.

“Xero … is one that we own and has been one of our largest holdings, didn’t report in the reporting season,” Clark said, adding the company is almost flawless in terms of negative sentiment.

“It’s such a resilient, consistent business. I don’t think you’re going to get any bad news from it. It’s dropped 40% from its January 1 high.”

Clark also reckons the market will bounce back and that “when growth starts to run” companies that came in with strong earnings will be front and centre.

The post 3 ASX shares primed to bounce back: expert appeared first on The Motley Fool Australia.

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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. owns and has recommended Xero. The Motley Fool Australia owns and has recommended Xero. The Motley Fool Australia has recommended REA Group Limited and SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Lake Resources N.L. (ASX: LKE) share price is charging higher on Tuesday.

In morning trade, the lithium developer’s shares are up 8% to $1.81.

Why is the Lake Resources share price charging higher?

The catalyst for the rise in the Lake Resources share price on Tuesday has been the announcement of a deal with Japan’s Hanwa Co.

According to the release, Lake has signed a non-binding memorandum of understanding (MoU) with Hanwa Co for offtake of 15,000 to 25,000 tonnes per annum (tpa) of lithium carbonate over 10 years from its Kachi Project in Argentina. The lithium carbonate will be priced at average quarterly benchmark market prices.

The top end of the agreement represents half of Kachi’s planned production of 50,000 tpa.

The release also notes that the MoU allows for Hanwa to consider providing financial support mechanisms. This includes meaningful equity investment, a potential prepayment on offtake, and trade finance facilities in order to secure a long-term agreement and build up a sustainable partnership with Lake.

Management commentary

Lake’s chairman, Stu Crow, commented: “This MoU and finalisation of a binding offtake agreement with Hanwa will allow Lake to stay an independent supplier into global lithium supply chains and ensure security of supply to the market and potential customers.”

“Increasing customer and consumer scrutiny around the environmental credentials of lithium production; and concerns about security of supply has given us the confidence to enter into this partnership with Hanwa,” Mr. Crow added.

Lake intends to update the market on progress on the legally binding framework and other agreements as soon as it is able to do so.

Following today’s gain, the Lake Resources share price is now up over 500% since this time last year.

The post Lake Resources (ASX:LKE) share price charges 8% higher on major offtake deal 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 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.

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The ASX share market is seeing a lot more volatility this year. Reliable ASX dividend shares could be attractive to investors seeking stability.

There are some businesses that can have quite variable cash flows during economic cycles. However, there are also other options that share seeing consistent and growing cash flow, like these two:

APA Group (ASX: APA)

APA Group is one of the largest infrastructure businesses on the ASX, particularly with Sydney Airport’s recent departure from the ASX due to its takeover.

It is a large owner of energy infrastructure. APA says it is Australia’s leading gas transportation company with interests in more than 15,000 km of natural gas pipeline infrastructure across Australia, wind farms, gas-fired power generation, and gas storage facilities. It supplies half of Australia’s natural gas usage.

The business generates its annual cash flow from that portfolio of energy assets. As it completes more projects, its cash flow can grow. That rising cash flow is what funds the growing distribution.

The ASX dividend share’s distribution has grown every year for more than a decade and a half.

APA Group is expecting to grow its FY22 annual distribution by another 3.9% to 53 cents per security. That puts the FY22 dividend yield at 5.1% at the current APA share price.

Rural Funds Group (ASX: RFF)

Rural Funds is a real estate investment trust (REIT). It specialises in owning and leasing agricultural properties.

It owns a diversified portfolio spread across several sectors including cattle, vineyards, almonds, macadamias, and cropping (sugar and cotton).

The business benefits from organic rental income growth every year. Some of its contracts are based on fixed rental increases, while others are linked to CPI inflation. Some contracts also have periodic market reviews.

This ASX dividend share also invests in productivity at its farms for the benefit of its tenants, which aims to increase the value of the farms and also grow the rental potential.

It has a tenant base full of major operators including Select Harvests Limited (ASX: SHV), Treasury Wine Estates Ltd (ASX: TWE), Olam, JBS, and Australian Agricultural Company Ltd (ASX: AAC).

Rural Funds aims to grow its distribution by at least 4% per year for investors. It has been successful with this strategy since listing several years ago.

The REIT has guided that the FY22 distribution will be $11.73 per security, representing a 4% increase compared to FY21. That translates into a distribution yield of 4% at the current Rural Funds share price.

The post 2 defensive ASX dividend shares offering reliable income appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison owns RURALFUNDS STAPLED. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended APA Group and RURALFUNDS STAPLED. The Motley Fool Australia has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Many growth shares will make a comeback, one expert says, but don’t be tempted into thinking they all will.

That’s the message from TMS Capital portfolio manager Ben Clark, who said the ones that will rise again are businesses that are profitable or “on the cusp” of it.

“I’m sure everyone watching this has one or two stocks that they look at in their portfolio and think, ‘Why the hell did I buy that?’,” he said in a Livewire video.

“Maybe it was a tip on a golf course.”

So considering the need for selectivity in 2022, he urged investors to not hold onto ASX shares just with the vain hope that the price will come roaring back.

“Some things won’t come back,” he said.

“There was a lot of froth and excess — particularly in the second half of 2021 — which is being really washed out of the market at the moment.”

Clark named 7 growth ASX shares that are mature enough to be turning a profit or on the verge of it that he’s confident about a bounceback:

The magnificent seven

The companies he nominated all reported positive numbers during the February financials season:

• REA Group Limited (ASX: REA)
• Seek Limited (ASX: SEK)
• Resmed CDI (ASX: RMD)
• Macquarie Group Ltd (ASX: MQG)
• Pro Medicus Limited (ASX: PME)
• IDP Education Ltd (ASX: IEL)
• Xero Limited (ASX: XRO)

Backing businesses that are turning a profit and reporting bright financials sounds obvious, but they’re the growth shares that will surge again, according to Clark.

“The market will come back,” he said.

“When growth starts to run, the businesses that reported really strongly in February, and it was just completely ignored, will be the first businesses to roar back.”

Accounting software provider Xero has been one of Clark’s largest holdings.

“It’s dropped 40% from its January 1 high,” he said.

“It’s such a resilient, consistent business. I don’t think you’re going to get any bad news from it.”

Two online classifieds businesses also make Clark’s list.

“REA grew their earnings 37% last half. Every newspaper I pick up on Monday, there’s a record number of auctions on Saturday,” he said.

“Companies like Seek, the job market is as tight as I’ve ever seen it.”

Macquarie reported “its best quarter on record” and Resmed is still enjoying the effects of competitor Koninklijke Philips NV (AMS: PHIA)’s product recall.

“These are still 20%, 30% off their January 1, two-month prices. The businesses are continuing to trade extremely well,” said Clark.

“IDP is another one that I listened to the result and I thought was excellent.”

Pro Medicus is the very long-term bet out of the seven picks.

“Very high PE feels like the thing you shouldn’t be buying at the moment, but I suspect that’s the time you want to be getting really interested.”

The post Growth will be back! Expert picks 7 ASX shares to buy now appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo owns Macquarie Group Limited, ResMed Inc., and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Idp Education Pty Ltd, Pro Medicus Ltd., and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia owns and has recommended Pro Medicus Ltd. and Xero. The Motley Fool Australia has recommended Macquarie Group Limited, REA Group Limited, ResMed Inc., and SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It’s nearly April 2022. With the first quarter of 2022 almost out of the way, some opportunities may be opening up.

Plenty of ASX shares with growth potential have been sold off since the start of the year. Just look at two of the biggest and most globally focused S&P/ASX 200 Index (ASX: XJO) shares. In 2022, the Xero Limited (ASX: XRO) share price is down over 30% and the Aristocrat Leisure Limited (ASX: ALL) share price is down 20%.

But there are other ASX shares that may be compelling after recent declines:

Australian Ethical Investment Limited (ASX: AEF)

Australian Ethical is a fund manager with a focus on businesses that display a higher level of ethics and don’t come from specific industries, such as fossil fuel or gambling.

The company is experiencing a high level of fund inflows every reporting period.

In the recent FY22 half-year result, it reported that funds under management (FUM) had grown by 38% to $6.9 billion. This helped underlying net profit after tax (NPAT) increase by 12% to $5.4 million.

The company is seeing long-term growth for its managed fund and superannuation investment options. As readers are probably aware, employees receive regular contributions into their superannuation account, helping Australian Ethical’s FUM flows. Australian Ethical boasts of industry-leading superannuation retention rates.

Commenting on the fund manager’s outlook, the Australian Ethical CEO John McMurdo said:

As Australia’s original and leading ethical investor, this puts us in an enviable position to capture our natural and achievable share of a rapidly growing addressable market.

In our [FY21] full year results, we outlined our ambitious high growth strategy which is already yielding meaningful results. We’ve successfully launched new products, won multiple awards and fast-tracked our strategic plans by acquiring a minority stake in Sentient Impact Group. We’re making progress towards digitising the customer experience, supported by the transformation of back-office systems to scalable technologies. All while delivering strong financial returns for our growing customer base and advocating for a better world.

Baby Bunting Group Ltd (ASX: BBN)

This ASX share is a leading retailer of baby products such as prams, toys, clothes, furniture and so on.

The company has a national network of stores which continues to slowly but steadily grow in number. It had 64 when it released its FY22 half-year result, with a long-term plan for over 100 in Australia.

But the company continues to experience elevated demand for its online shopping offering as well. In the recent FY22 half-year report, it said that online sales grew by 32.6% to $56.8 million.

The company’s margins continue to improve as well. Baby Bunting’s gross profit margin improved by 192 basis points to 39.3%. Part of this improvement came from the increase of sales that were from exclusive or private brands – these sales accounted for 44.5% of total HY22 sales. It has a long-term goal of 50% of sales coming from private label and exclusive products.

The business has also started expanding into New Zealand. This represents a larger addressable market for the company.

According to Commsec, the Baby Bunting share price is valued at 21x FY22’s estimated earnings.

The post Are these 2 compelling ASX shares buys in April 2022? appeared first on The Motley Fool Australia.

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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. owns and has recommended Australian Ethical Investment Ltd. and Xero. The Motley Fool Australia owns and has recommended Xero. The Motley Fool Australia has recommended Australian Ethical Investment Ltd. and Baby Bunting. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Northern Star Resources Ltd (ASX: NST) shareholders could be in for a good day on Tuesday as the company pays out its biggest routine dividend ever.

That’s right, the gold miner’s record 10 cents per share fully franked interim dividend will be landing in investors’ pockets from today.

At Monday’s close, the Northern Star share price was $10.78.

That gives the S&P/ASX 200 Index (ASX: XJO) company a trailing dividend yield (considering its most recently announced full-year and half-year dividends) of 1.8%.

Let’s take a closer look at the Northern Star dividend set to drop today.

All the details on Northern Star’s record dividend

It’s payday for Northern Star investors, with the company’s landmark dividend set to leave its vaults on Tuesday.

The company declared the 10-cent per share dividend within its half-year earnings, released in February.

It represents 27% of Northern Star’s cash earnings for the period and marks its biggest routine dividend ever.

The dividend set to be paid out today is also equal to the company’s largest dividend yet –­ a special dividend handed to investors alongside a 9.5 cent final dividend in 2020.

For the first half of financial year 2022, the gold miner reported around $1.8 billion of revenue –­ 63% more than it did for the prior corresponding period.

Its net profit after tax (NPAT) and earnings before interest, tax, depreciation, and amortisation (EBITDA) also rose 43% and 47% respectively.

Its cash earnings came to $430 million – representing a 69% gain.

Investors have undoubtedly been excited about the release of Northern Star’s interim payout in recent weeks. Particularly, as the stock traded ex-dividend more than three weeks ago.

Interestingly, while most stocks tend to see their value fall when they trade ex-dividend, the Northern Star share price surged 6% on its latest ex-dividend date. That likely had something to do with soaring gold prices.

Right now, the Northern Star share price is 14% higher than it was at the start of 2022. It has also gained 6% since this time last year.

The post The Northern Star (ASX:NST) dividend is being paid today. Here’s the lowdown appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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The National Australia Bank Ltd. (ASX: NAB) share price has zipped higher throughout the month of March.

The banking giant’s shares ascended 10% over the period despite a relatively quiet few weeks from the company.

In contrast, the S&P/ASX 200 Financials (ASX: XFJ) is also in the green, climbing 7.49% over the same time frame.

And NAB wasn’t the only ASX 200 financial share to surge lately.

The Commonwealth Bank of Australia (ASX: CBA) share price has lifted around 13% in a month, while Westpac Banking Corp (ASX: WBC) and Australia and New Zealand Banking Group Ltd (ASX: ANZ) have risen 5% and 6%, respectively.

Let’s take a look at what might have pushed the NAB share price higher recently.

What’s driving NAB shares to multi-year highs?

The NAB share price touched a multi-year high of $32.17 yesterday, supported by upbeat investor sentiment.

While there hasn’t been any major news this week, the company did announce a further $2.5 billion buyback.

It appears the market has reacted positively as this will reduce the number of shares on NAB’s registry. In turn, this increases shareholder value as each share is worth more.

Previously, NAB completed a $2.5 billion on-market buyback, which resulted in roughly 87 million ordinary shares being bought back.

The banking giant expects to commence the further buyback following its half year results release on 5 May 2022.

In addition, NAB’s common equity tier 1 (CET1) capital ratio will fall by approximately 58 basis points following the second buyback.

Along with other adjustments made by the company, on a pro forma basis, its CET1 capital ratio would be 11.3%.

Notably, this is much higher than the Australian Prudential Regulation Authority’s (APRA) required benchmark of 10.50%.

NAB share price summary

Adding to its impressive gains, the NAB share price has accelerated by 20% in the past year.

It’s worth noting that at today’s prices, the company’s shares are trading above pre-COVID-19 levels.

NAB commands a market capitalisation of roughly $102.69 billion, making it the fourth largest company on the ASX.

The post Why has the NAB share price surged 10% in the past month? appeared first on The Motley Fool Australia.

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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 recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It is fair to say that 2022 has not been kind to growth shares. But every cloud has a silver lining.

On this occasion, that silver lining is that a number of quality shares are trading at a significant discount to where they traded just three months ago.

Here’s why these beaten down ASX growth shares could be in the buy zone now:

Life360 Inc (ASX: 360)

The first ASX share to look at is Life360. It is a location-based services provider based in San Francisco, United States with 33 million+ monthly active users. Its shares have lost almost half of their value since the start of the year after investors abandoned growth shares and particularly those that were not yet profitable.

The team at Bell Potter believe this is a buying opportunity and remain very positive on its long term outlook. Particularly given its opportunity to monetise is massive user base and its robust balance sheet. The broker believes the latter is more than sufficient to see Life360 through to profitability.

Bell Potter currently has a buy rating and $10.00 price target on its shares. This is almost double where its shares trade at today.

Xero Limited (ASX: XRO)

Another ASX growth share that could be in the buy zone is Xero. It is a leading cloud-based business and accounting software provider which boasts over 3 million subscribers globally.

Xero’s shares have also fallen heavily in 2022 and are now down by approximately a third since the turn of the year.

Analysts at Goldman Sachs see this as a buying opportunity for investors, noting that its shares are trading close to pre-COVID levels. This is despite the cloud accounting company being in a much stronger position now and the broker expecting a 24% compound annual growth rate for Xero’s gross profit between FY 2021 and FY 2025

As a result, Goldman recently retained its buy rating with a trimmed price target of $135.00.

The post 2 beaten down ASX growth shares analysts believe are great value appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. and Xero. The Motley Fool Australia owns and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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