Computershare Limited (ASX: CPU) shareholders, rejoice – the ASX 200 tech stock’s share price has surpassed its all-time high three times this week.

Making its latest moves even more impressive, the financial services company has been silent for more than a month.

The Computershare share price blew past the $24 mark for the first time ever on Tuesday, hitting $24.05 in intraday trade.

It surpassed that point on Wednesday when it reached $24.20. And, finally, it broke its still-shiny record once more during yesterday’s session, hitting $24.35 before slipping into the red.

As of Thursday’s close, the Computershare share price was $24.05, 5.5% higher than it was at the end of last week.

So, what’s been driving the share registry provider’s stock lately? Let’s take a look.

What’s boosting this ASX 200 tech share to new heights?

The Computershare share price is launching higher this week despite the company’s silence. However, it’s not alone in its gains.

Over the course of this week so far, the S&P/ASX 200 Information Technology Index (ASX: XIJ) has been outperforming the broader S&P/ASX 200 Index (ASX: XJO).

The former has gained 3.89% since last Friday’s close, while the latter is up 1.27%.

Fortunately, Computershare dodged much of the tech sector’s struggles earlier this year.

While the ASX 200 Info Tech index tumbled around 21% between the start of 2022 and the end of February, the Computershare share price recorded a 6% gain.

Its strong performance could have been due to expectations the company could benefit from rising interest rates, unlike most tech stocks.

T. Rowe Price head of Australian equities, Randal Janneke, noted his belief that the company would perform well in a high inflationary environment last month.

Additionally, the company’s first-half results, released in February, detailed a 4.6% increase in revenue and a 16.7% boost to earnings before interest and tax, excluding margin income.

Computershare share price snapshot

It likely goes without saying that 2022 has been good to the Computershare share price.

So far this year the company’s stock has gained 18%. It’s also 61% higher than it was this time last year.

The post This ASX 200 tech share has inked 3 all-time highs this week 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 Flight Centre Travel Group Ltd (ASX: FLT) share price is in focus after the company gave an update to investors and outlined how it expects the corporate travel market to perform.

Flight Centre is more than just the leisure segment of its business. In-fact, in the first half of FY22, its corporate segment produced more total transaction value (TTV) and revenue ($2 billion and $192 million, respectively) than the leisure segment ($950 million and $112 million).

Flight Centre noted that the corporate segment experienced a continued strong sales recovery, with almost 150% TTV growth year on year.

The corporate business generated about 60% of Flight Centre’s total TTV, this is up from 40% in pre-COVID times.

The corporate travel underlying earnings before interest, tax, depreciation and amortisation (EBITDA) loss of $30 million was better than the leisure’s half-year EBITDA loss of $155 million.

Flight Centre corporate travel operational update

The ASX travel share just gave a corporate travel update. Flight Centre said that there had been a “strong rebound” from February. The corporate travel segment is targeting a return to monthly profitability in March or April 2022. It was close to breakeven in February 2022.

Management said that the company is maintaining cost discipline while continuing to invest in key drivers. Large customers are reinstating travel programs as COVID-19 concerns subside.

Flight Centre continues to monitor the effects of the Russian invasion of Ukraine, but it reported no noticeable impact on the corporate or leisure sector recovery to date.

The ASX travel share said that it’s increasing its market share organically, fed by a multi-billion dollar pipeline of new account wins, and that it’s maintaining a high retention rate.

Its wins are expected to drive TTV growth globally, but especially in the Americas and EMEA (Europe, Middle East and Africa) where around 70% of new business captured during the pandemic is set to trade.

Flight Centre now has greater exposure to government accounts after major wins in France, Singapore and the UK.

Corporate travel outlook

The ASX travel share said that there is pent-up demand for face-to-face meetings. It noted that government restrictions are easing, with the UK and Europe leading the way.

Flight Centre said that ‘external travel’ continues, while ‘internal travel’, meetings and events have picked up in the past six months.

Flight Centre expects a return to 60% to 75% of pre-COVID corporate travel in FY23.

It also said that customer needs are changing. There is increased demand for services, with a shift from supplier direct channels to managed travel. The ASX travel share also said there is less ‘leakage’, with safety and compliance driving higher adoption of travel programs.

In terms of the competitive landscape, Flight Centre said that large corporations have less choice and are seeking an alternative. Legacy travel management companies are reportedly struggling to adapt to new needs.

The ASX travel share also claimed that small and medium enterprise (SME) customers see limitations in technology-only companies.

Is the Flight Centre share price a buy?

Morgans is not convinced yet. It has a ‘hold’ rating on the business, with a price target of $19.56 after the FY22 half-year loss was worse than expected. The broker noted the improving situation in February. According to Morgans, Flight Centre may start generating a net profit again in the 2023 financial year.

The post Own Flight Centre (ASX:FLT) shares? Here’s the company’s outlook on corporate travel 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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group 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 Cochlear Limited (ASX: COH) share price has been a standout performer since the company released its first-half results in February.

The hearing solutions company’s shares surged to a year-to-date high of $231.97 in early March. This represents a 22% increase from the $190.25 recorded on the day prior to the company delivering its financial results.

At Thursday’s market close, Cochlear shares finished 0.80% lower to $221.53.

Below we take a look at how the company performed in H1 FY22 and the interim dividend declared for investors.

H1 FY22 performance sends the Cochlear dividend higher

In the half-year report for the 2022 financial year, Cochlear reported double-digit growth across key metrics.

In summary, sales revenue increased by 10% to $815.3 million over the previous corresponding period. This was predominantly underpinned by Cochlear implants (units), up 7% to 18,598 units. Services came next in line, up 19% to $256.5 million for the six months ending 31 December.

Following the above result, underlying net profit after tax (NPAT) soared 26% to $157.5 million.

In addition, underlying earnings per share (EPS) also improved to $2.40 per share, up 26% from $1.90 in H1 FY21.

Based on Cochlear’s performance, the board declared an unfranked interim dividend of $1.55 per share. This reflects a 35% lift from the $1.15 declared in the prior comparable period.

The payout ratio is 65% of the company’s underlying net profit.

When can Cochlear shareholders expect payment?

Cochlear will pay the interim dividend to eligible shareholders next month on 21 April.

However, to be eligible you’ll need to own Cochlear shares before the ex-dividend date which falls on Monday 28 March. This means if you want to secure the dividend, you will need to purchase Cochlear shares by today at the latest.

It is worth noting that on the ex-dividend day, the share price traditionally falls in proportion to the dividend amount.

The post Keen to bank the Cochlear (ASX:COH) dividend? Here’s what you need to know 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. owns and has recommended Cochlear Ltd. The Motley Fool Australia has recommended Cochlear 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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The Premier Investments Limited (ASX: PMV) share price will be one to watch on Friday.

This follows the release of the retail conglomerate’s first half results.

Premier Investments share price on watch after outperforming guidance

• Premier Retail global sales up 0.6% to $769.9 million
• Online sales up 27.3% to $195.4 million
• Online sales now represent 25.4% of Premier Retail sales
• Premier Retail earnings before interest and tax (EBIT) up 5.5% to $212 million
• Group net profit after tax down 13% to $163.6 million
• Interim dividend up 35.3% to a record 46 cents per share fully franked

What happened during the first half?

For the six months ended 29 January, Premier reported a modest 0.6% increase in global sales to $769.9 million. This was driven by its online businesses, which delivered a 27.3% increase in sales to $195.4 million and helped offset the loss of 42,675 trading days. This means that online sales now account for a total of 25.4% of Premier Retail sales.

Key drivers of its sales growth were Peter Alexander sales of $227.4 million (up 11.4%) and positive momentum from its Smiggle business, which reported a 5.6% improvement in sales.

As for earnings, a 119 basis point lift in Premier Retail’s EBIT margin underpinned a 5.5% increase in its EBIT to $212 million. This was a touch ahead of management’s guidance of $209.5 million and $211.5 million.

Premier is also a major shareholder of Breville Group Ltd (ASX: BRG). The company’s share of profit after tax of its associate for the period was $20.35 million, up from $16.85 million a year earlier. It also received dividends from Breville totalling $4.9 million for the six months.

This ultimately led to group net profit after tax of $163.6 million. And while this is down 13% over the prior corresponding period, it didn’t stop the company from increasing its fully franked interim dividend by 35.3% to a record 46 cents per share.

Management commentary

Premier’s Chairman, Solomon Lew, commented: “1H22 was one of the most challenging and unpredictable halves of the pandemic. Under government mandates, stores in our largest markets were shut for most of the first quarter equating to 42,675 trading days during the period. In the final two months of 1H22, we managed the impacts of the Omicron variant across our entire global business. Despite these challenges, Premier has once again delivered outstanding results, reflecting the high calibre of our Board, our talented senior management team, and the commitment and dedication of our team members across the globe.”

This sentiment was echoed by Premier Retail’s CEO, Mr Richard Murray.

He said: “We are delighted with Premier Retail’s strong 1H22 result which was achieved despite the volatile trading environment. The Group has had to pivot rapidly during 1H22 to combat numerous logistical challenges in the face of lengthy government mandated lockdowns and the emergence of the Omicron variant during the latter part of the half. This result has been delivered through rigorous planning and execution across all areas of our business. It was particularly pleasing to see the record results from Peter Alexander, Portmans and Online. Further, the Smiggle business has shown positive momentum during the half as children have returned to school and COVID-19 restrictions have eased.”

Outlook

No guidance was given for the full year due to the volatile operating environment. Though, management revealed that the second half has started positively. It advised that Premier Retail global sales were up 6.2% during the first five weeks of the half.

In addition, due to the strength of its balance sheet, the company appeared to hint that it could be on the lookout for acquisitions.

It said: “The Premier Board remains optimistic about the Group’s ability to continue to deliver, however also recognises the Group is operating in highly uncertain times. The Board notes that the environment, whilst challenging for many businesses, may present new opportunities for the Group given the strength of its Balance Sheet.”

The post Premier (ASX:PMV) share price on watch after earnings beat and record dividend 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 recommended Premier Investments 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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Have you invested in cryptos like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) or any of the wide range of altcoins over the course of the 2021-2022 financial year?

If so, the Australian Taxation Office will want the details come tax filing time.

Here’s this guidepost from the ATO website:

If you are involved in acquiring or disposing of cryptocurrency, you need to be aware of the tax consequences. These vary depending on the nature of your circumstances.

Everybody involved in acquiring or disposing of cryptocurrency needs to keep records in relation to their cryptocurrency transactions.

If you have transacted with a foreign cryptocurrency exchange you may have tax responsibilities in another country.

With more than a million Aussies estimated to have invested in cryptos over the past year, The Motley Fool reached out to Mark Chapman, director of tax communications at H&R Block Australia, for some handy tips in how to sort out your crypto related tax details.

How to pay taxes on your investments in cryptos

“Capital Gains Tax (CGT) applies on gains arising from investment in crypto currency,” Chapman informed us.

This is calculated based on the difference between the amount you paid for the cryptocurrency and the amount you disposed of it for. Any profit is subject to CGT, which can potentially be discounted by 50% if you hold your crypto asset for more than 12 months.

He said that the ATO considers disposal of your crypto investment to occur when:

• selling cryptocurrency for Australian dollars
• exchanging one cryptocurrency for another
• gifting cryptocurrency
• trading cryptocurrency
• using cryptocurrency to pay for goods or services

“In some cases, such as when you gift it, market value is substituted for proceeds,” he added.

Are you a crypto investor or trader?

Chapman said that it makes a difference to the ATO whether you’re classified as an investor in cryptos or a crypto trader:

If you buy and sell cryptocurrency on a regular basis with a view to making a profit, then the profits on disposal of the cryptocurrency will not be subject to CGT but will be assessable income since you will be regarded as a trader rather than an investor. In effect, you’ll be regarded as being in business as a buyer/seller of cryptocurrency.

He admitted the distinction between the two can “be a fine line”:

Broadly speaking if you are turning over your cryptocurrency every few days chasing profits, you have many transactions and you are running a business-like structure (with for example a business plan, accounts and records of trading stock, business premises, licences or qualifications, a registered business name and an Australian business number), you will be a trader.

If you are holding the cryptocurrency with a view to long term gain, you are likely to be an investor.

He said that for people classified as traders, the sales and purchases of cryptos are converted to Aussie dollars at the date the transactions are paid. “You must also apply the trading stock rules to determine if there is any income or deduction due to the changing value of your trading stock.”

Is there a way to sell without paying taxes?

We’d never advocate any kind of tax avoidance. But we had to ask about any legal means to avoid or minimise taxes on crypto sales.

Chapman largely threw cold water on that idea.

“In most cases, no,” he said. Chapman continued:

Some taxpayers mistakenly think that you can buy up to $10,000 of cryptocurrency and avoid CGT by taking advantage of the personal use exemption.

This exemption only applies where the cost of the cryptocurrency does not exceed $10,000 and you can demonstrate that the cryptocurrency was to fund genuine personal consumption, such as paying for a holiday, a car, your wedding, etc.

Mistakenly relying on this exemption is one of the biggest reasons people fall foul of the ATO. Expect to be asked to provide proof that you either did – or intended to – use your cryptocurrency to fund personal spending on goods and services.

Where the cost of your cryptocurrency assets exceeds $10,000, the personal use exemption will not be available and CGT will apply, whether the asset was for personal use or not.

What should you do before the end of the financial year?

With the end of the financial year closing in, we asked Chapman how crypto investors should prepare themselves today. According to Chapman:

Usually, you must pay tax on any profits/gains arising in a tax year after you lodge your tax return for that year. If you lodge yourself, your tax return must be sent to the ATO by 31 October 2022. If you use a tax agent, the lodgement date may be as late as 15 May 2023.

When it comes to your crypto investments, he advised that you keep good records regarding:

• the date of the transactions
• the value of the cryptocurrency in Australian dollars at the time of the transaction
• what the transaction was for and who the other party was (even if it’s just their cryptocurrency address).

He advised keeping records, including:

• receipts of purchase or transfer of cryptocurrency
• exchange records
• records of agent, accountants and legal costs
• digital wallet records and keys
• software costs related to managing your tax affairs.

And you’ll want to hold onto these records for 5 years from the time you lodge your tax return.

Unless you’re a tax whiz and understand all the complexities involved around cryptos, you’ll want to strongly consider getting with a tax agent who’s atop digital assets.

H&R Block, for example, uses CryptoTaxCalculator.

Chapman told us this software program “is able to consolidate all digital transactions across multiple wallets, to calculate capital gains and losses of the previous year, and what your tax on each trade may be”.

Happy crypto investing!

The post Investing in cryptos? Here’s what you need to know come tax time: expert appeared first on The Motley Fool Australia.

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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.

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With interest rates almost guaranteed to head upwards this year, multiple experts are emphasising profitability, or at least positive cash flow, as essential for investment.

“As interest rates rise, if you don’t have any profit or cash flow coming through then your valuation is going to deteriorate very rapidly,” Burman Invest chief investment officer Julia Lee told Switzer TV Investing this week.

“So it is important to back those more mature companies… that do have a stable growth outlook as well as profit coming in through the door.”

On top of this, the team at Wilsons reckon small cap ASX shares are especially due for a revival.

“On a valuation basis, small cap PE ratio multiples have compressed almost 20% since the peak in 2020 and now sit in line with the 5-year average,” read its memo to clients.

“This suggests Australian small caps are now approaching an oversold level.”

So combining the need for cash flow and small-cap potential, Wilsons analysts named 5 ASX shares from its Australian Equity Focus List that are worth considering at the moment.

Small caps that are also profitable

All of Wilson’s picks are currently profitable except for Telix, which is scheduled to head into the black in the 2024 financial year:

• Pinnacle Investment Management Group Ltd (ASX: PNI)
• Healthco Healthcare and Wellness REIT (ASX: HCW)
• Judo Capital Holdings Ltd (ASX: JDO)
• Silk Laser Australia Ltd (ASX: SLA)
• Telix Pharmaceuticals Ltd (ASX: TLX)

Out of the group, the analysts rate Silk Laser and Telix as the highest conviction buys.

“Silk Laser offers laser hair removal and other non-surgical aesthetic products and services,” read the Wilsons memo.

“Operational performance remains encouraging, leveraged to COVID reopening.”

The team added that the stock price might be depressed due to “a perceived overhang” from private equity firm Advent International’s shares recently coming out of escrow.

Wilsons isn’t the only advisory firm bullish on the stock. Morgans investment advisor Jabin Hallihan also rated Laser Silk shares as a buy last week.

“The full-year outlook is for solid growth,” he told The Bull.

“The company generated revenue of $182.5 million in the 2022 first half — an 18.5% increase on the prior corresponding period.”

Telix, meanwhile, has just received clearance from the US Food and Drug Administration (FDA).

“We look for news flow on sales and revenue success beginning later this half,” stated Wilsons.

“Large capital raising in 4Q21, with cash break-even still 12-24 months away.”

The post 5 profitable small-cap ASX shares to buy right now: Wilsons appeared first on The Motley Fool Australia.

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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. owns and has recommended Judo Capital Holdings Limited and PINNACLE FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended SILK Laser Australia Limited. The Motley Fool Australia owns and has recommended PINNACLE FPO. The Motley Fool Australia has recommended SILK Laser Australia 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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If you’re looking for ASX 200 dividend shares to buy, then the two listed below could be worth considering. Both have been named as buys by top brokers and tipped to provide investors with attractive yields.

Here’s what you need to know about these ASX 200 dividend shares:

Collins Foods Ltd (ASX: CKF)

The first ASX 200 dividend share to look at is quick service restaurant operator Collins Foods.

It is one of the largest operators of KFC restaurants in Australia, has a growing presence in Europe, and a smaller but growing network of Taco Bell restaurants across Australia.

The good news is that management still sees plenty of room for growth in both the Australian and European markets. Late last year, it highlighted that it has a significant organic growth pipeline and attractive opportunities to reach scale in KFC Netherlands and Taco Bell Australia, while adding to its core KFC Australia footprint.

Macquarie is fan of the company and currently has an outperform rating and $14.80 price target on its shares. As for dividends, it is forecasting fully franked dividends per share of 33.4 cents in FY 2022 and 37.7 cents in FY 2023.

Based on the current Collins Foods share price of $10.24, this will mean yields of 3.3% and 3.7%, respectively.

Wesfarmers Ltd (ASX: WES)

Another ASX 200 dividend share to look at is Wesfarmers.

It is the conglomerate behind a high quality portfolio of retail assets as well as a collection of industrial businesses and even a lithium miner.

Among its retail assets are some of the most popular brands in the country. These include Bunnings, Kmart, Officeworks, and Priceline Pharmacy.

Morgans is a fan of the conglomerate and notes that it is run by a highly regarded management team and has a strong balance sheet. The latter could be supportive of further M&A activity in the future. The broker has an add rating and $58.50 price target on its shares.

In respect to dividends, Morgans is forecasting fully franked dividends per share of $1.62 in FY 2022 and $1.81 in FY 2023. Based on the current Wesfarmers share price of $50.34, this will mean yields of 3.2% and 3.6%, respectively.

The post Analysts name 2 ASX 200 dividend shares to buy right now appeared first on The Motley Fool Australia.

More reading

• 3 high-yield ASX dividend shares trading near 52-week lows
• If you were smart enough to buy $10,000 of Wesfarmers (ASX:WES) shares a decade ago, here’s how much you’d have now
• Broker: The Coles (ASX:COL) dividend will keep rising
• Today is the last hurrah for API. What does this mean for Wesfarmers (ASX:WES) shares?
• Wesfarmers (ASX:WES) now has control of API, but is the real fight just beginning?

Motley Fool contributor James Mickleboro owns Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Collins Foods Limited. The Motley Fool Australia owns and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Collins Foods 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 ASX has enjoyed a very positive week so far. Since last Friday, the All Ordinaries Index (ASX: XAO) has gained a healthy 1.8%, which is a solid result for four days of trading. But even though many ASX shares are recovering of late, many are still close to new 52-week lows. That includes some ASX high-yield dividend shares too.

But, as income investors would be well aware, a falling dividend share price raises a company’s running dividend yield. This can often entice investors to take a second look.

So let’s check out three ASX dividend shares that have seen new 52-week lows in the past month, and check out their new dividend yields. Remember, just because an ASX dividend share has a high trailing yield, it doesn’t mean the company will keep its dividends consistent going forward.

3 high-yield ASX dividend shares near 52-week lows

Magellan Financial Group Ltd (ASX: MFG)

Fund manager Magellan has had a shocker of a year over the past 12 months. This once-venerated fund manager has seen its valuation taken out by 68.3% over the past year. That includes a 32.3% haircut in 2022 alone. Magellan hit a new 52-week low of $13.22 earlier this month. But this unfortunate performance has also resulted in a stupendous trailing dividend yield.

On recent pricing, this ASX dividend share has a trailing yield of 15.49%. What’s interesting about Magellan is that during its half-year results that were reported in February, the company paid out its highest interim dividend on record. However, the recent exodus we have seen with Magellan’s funds under management might mean the company will struggle to fund high dividends in the future.

Wesfarmers Ltd (ASX :WES)

ASX 200 blue chip and dividend share Wesfarmers is next up. Prior to 2022, the phrase ’52-week low’ wasn’t uttered too often next to the Wesfarmers share price. But investor sentiment seems to have cooled off over this company of late.

Wesfarmers is now down more than 20% from the all-time high of $67.20 a share that we saw back in August last year. The company’s recent acquisition of API might have something to do with this.

It was around a month ago that we saw Wesfarmers hit a new 52-week low of $47.44 a share. The conglomerate has only bounced off that low by a few dollars and closed yesterday at $50.34. However, this has pushed the Wesfarmers dividend yield up to 3.38% at this pricing. With the company’s typical full franking credits, that gives Wesfarmers a grossed-up yield of 4.83%.

Platinum Asset Management Ltd (ASX: PTM)

Another fund manager in Platinum is our last dividend share to check out today. Platinum made a new 52-week low of $2.05 a share earlier this month, and even at the latest pricing, is only a whisker off that low base at $2.10. But again, this has resulted in a massive stretch of the company’s trailing dividend yield. Platinum shares now have a yield of 10.48% in front of them.

Like Magellan, Platinium has been struggling in recent years with fund underperformance. This may have led to a loss of confidence from investors in this ASX dividend share. Unlike Magellan though, Platinum’s most recent dividend represented a cut from last year’s equivalent payment.

The post 3 high-yield ASX dividend shares trading near 52-week lows appeared first on The Motley Fool Australia.

More reading

• Analysts name 2 ASX 200 dividend shares to buy right now
• If you were smart enough to buy $10,000 of Wesfarmers (ASX:WES) shares a decade ago, here’s how much you’d have now
• Broker: The Coles (ASX:COL) dividend will keep rising
• Today is the last hurrah for API. What does this mean for Wesfarmers (ASX:WES) shares?
• Wesfarmers (ASX:WES) now has control of API, but is the real fight just beginning?

Motley Fool contributor Sebastian Bowen 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 owns and has recommended Wesfarmers 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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On Thursday, the S&P/ASX 200 Index (ASX: XJO) fought hard to continue its positive run and carved out a small gain. The benchmark index rose 0.1% to 7,387.1 points.

Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

ASX 200 expected to rise again

The Australian share market looks set to end the week on a positive note following a strong night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 26 points or 0.35% higher this morning. In late trade in the US, the Dow Jones is up 0.85%, the S&P 500 is up 1.2%, and the Nasdaq is up 1.6%.

Oil prices ease

Energy producers including Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could have a poor finish to the week after oil prices eased. According to Bloomberg, the WTI crude oil price is down 3.1% to US$111.34 a barrel and the Brent crude oil price is down 3% to US$117.88 a barrel. Traders were selling oil amid hopes that Iranian oil will boost supply.

Premier Investments half year results

The Premier Investments Limited (ASX: PMV) share price will be on watch today when the retail giant releases its half year results. The Smiggle and Peter Alexander owner has previously guided to half year EBIT in the range of $209.5 million and $211.5 million on revenue of $769 million.

Gold price rises

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a good finish to the week after the gold price pushed higher. According to CNBC, the spot gold price is up 1.3% to US$1,962.40 an ounce. Demand for safe haven assets amid the Ukraine-Russia conflict and inflation concerns boosted the precious metal.

NAB shares rated as a buy

The National Australia Bank Ltd (ASX: NAB) share price remains in the buy zone according to analysts at Bell Potter. This morning the broker retained its buy rating and lifted its price target on the banking giant’s shares to $34.50. This follows news that NAB is undertaking another $2.5 billion on-market share buy-back.

The post 5 things to watch on the ASX 200 on Friday 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 recommended Premier Investments 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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Small-cap ASX shares have suffered over the past few months, plunging more than their bigger cousins.

Even after a mini-revival over the last few trading days, the S&P/ASX Small Ordinaries (ASX: XSO) index is still down 7.4% for the year, compared to just 2.8% for the S&P/ASX 200 Index (ASX: XJO).

But of course, not all small-cap businesses are the same. 

Sure, some might be feeling the effects of supply chain delays, inflation, or the war in Europe — but every company is different in the way such external factors impact current and future performance.

And if small caps have been faring worse than large caps in recent weeks, this could be a contrarian opportunity to buy in.

This is why Wilsons nominated a bunch of ASX shares that it thinks have been oversold, even though the businesses remain the same as before the correction.

7 businesses that haven’t changed, except for share price

The Wilsons team named seven small-cap ASX shares:

• Accent Group Ltd (ASX: AX1)
• Super Retail Group Ltd (ASX: SUL)
• Temple & Webster Group Ltd (ASX: TPW)
• Integral Diagnostics Ltd (ASX: IDX)
• Netwealth Group Ltd (ASX: NWL)
• Home Consortium Ltd (ASX: HMC)
• Domain Holdings Australia Ltd (ASX: DHG)

“We screen for profitable small caps that in our view have been [disproportionately] sold down this year, and where the outlook in our view has not significantly changed,” stated Wilsons in a memo to clients.

Out of the group, the analysts held a marginally higher conviction for Super Retail, Temple & Webster, and Integral Diagnostics compared to the rest.

After a 30% share price correction, Super Retail is looking good in the immediate future as COVID impacts diminish.

“Our expectations around a strong Easter performance and potential benefit from next week’s Federal Budget are not yet reflected in the share price.”

Integral Diagnostics will be another post-pandemic recovery story, according to Wilsons.

“The radiology operator was hit by COVID closures over the new year, stalling the reopening benefits,” the memo read.

“Recent $90 million equity raising now leaves the stock digesting this additional capital.”

The Wilsons team reckons Temple & Webster shares are simply cheap now after the company was caught up in the general sell-off of high-growth names.

Domain also plunged from the same fate, although some of it was its own doing.

“In the HY22 result, management warned [of] higher costs and an easing property market in Sydney and Melbourne, which hit the share price.”

The two retail stocks had the most economical 12-month forward price-to-earnings ratio, with Accent at 13.3 and Super Retail trading on 11.6.

The post 7 small-cap ASX shares that have been oversold: Wilsons appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo owns Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Netwealth, Super Retail Group Limited, and Temple & Webster Group Ltd. The Motley Fool Australia owns and has recommended Netwealth and Super Retail Group Limited. The Motley Fool Australia has recommended Accent Group, Integral Diagnostics Ltd, and Temple & Webster Group 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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