• Top brokers name 3 ASX shares to buy today

    Man presses green buy button and red sell button on a graph.

    Man presses green buy button and red sell button on a graph.Man presses green buy button and red sell button on a graph.

    Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

    Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

    Ansell Limited (ASX: ANN)

    According to a note out of Citi, its analysts have retained their buy rating and $36.50 price target on this health and safety products company’s shares. While Citi acknowledges that Ansell’s earnings will fall heavily in FY 2022 due to easing COVID tailwinds, it feels that its shares have overcorrected. So with the company’s shares now trading at under 15x FY 2023 earnings, the broker believes this has created a buying opportunity for investors. The Ansell share price is trading at $25.15 this afternoon.

    Breville Group Ltd (ASX: BRG)

    A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $36.00 price target on this appliance manufacturer’s shares. Morgan Stanley notes that Breville’s shares have pulled back meaningfully since the release of its half year results. This is despite the company delivering stellar growth during the half. Morgan Stanley sees this as a buying opportunity, particularly given Breville’s global expansion. The broker expects this to support its growth as industry tailwinds fade. The Breville share price is fetching $26.21 today.

    Sonic Healthcare Limited (ASX: SHL)

    Analysts at Ord Minnett have upgraded this healthcare company’s shares to a buy rating with a $37.30 price target. According to the note, the broker made the move on valuation grounds following recent weakness in its share price. And while the broker accepts that COVID testing volumes are likely to reduce and impact Sonic’s earnings, Ord Minnett expects a recovery in its core diagnostic operations to offset some of this. In addition, it highlights its strong balance sheet which gives the company M&A optionality. The Sonic share price is trading at $32.95 on Wednesday afternoon.

    The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

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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 Ansell Ltd. and Sonic Healthcare 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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  • Here’s why the BHP (ASX:BHP) boss is still optimistic about China

    Two businesspeople walk together in an office, smiling as they enjoy a good business relationship.Two businesspeople walk together in an office, smiling as they enjoy a good business relationship.Two businesspeople walk together in an office, smiling as they enjoy a good business relationship.

    The BHP Group Ltd (ASX: BHP) share price has spent most of the day in the green amid CEO Mike Henry expressing confidence in the company’s business relationship with China.

    At the time of writing, the BHP share price is up 0.09% at $48.58.

    Let’s take a look at what the boss of this ASX mining giant had to say about China.

    Positive on China

    BHP’s boss has expressed confidence that tensions are not impacting the company’s business relationship with China.

    Speaking at the Australian Financial Review Business Summit in Sydney, Henry said:

    Clear geopolitical tensions in the near term, are not yet manifesting in terms of the business-to-business relationship.

    Over the sorts of timeframes that BHP thinks about… we’re pretty confident that there will be a constructive relationship there not just at a business level but also a political level.

    One has to believe that in the fullness of time, things recalibrate back into a more constructive footing.

    BHP’s share price has climbed just 1.46% over the past 12 months.

    In the same speech, Henry also touched on the impact of rising commodity prices:

    We have seen hundreds of percentage increases of prices on a range of commodities.

    That is going to have a spillover economic effect on inflation, potentially on global growth.

    As my Foolish colleague Tristan Harrison reported on Monday, BHP is looking for growth in future-facing commodities, including copper, nickel and potash. Henry foresees the world will need more copper and nickel as it progresses towards decarbonisation.

    BHP delivered a 57% boost in profit in 1H FY22 results and a 27% boost in revenue.

    BHP share price recap

    The BHP share price is up just 0.5% this week, though it has surged 17% since the start of the year.

    For perspective, the benchmark S&P/ASX 200 Index (ASX: XJO) has descended 5.2% year to date.

    BHP has a market capitalisation of $245.8 billion based on the current share price.

    The post Here’s why the BHP (ASX:BHP) boss is still optimistic about China appeared first on The Motley Fool Australia.

    Should you invest $1,000 in BHP right now?

    Before you consider BHP, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BHP wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    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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  • Beach (ASX:BPT) share price up: Oil prices predicted to stay higher for longer

    a man in a business suit looks at a map of the world above a line up of oil barrels with a red arrow heading upwards above them, indicting rising oil prices.

    a man in a business suit looks at a map of the world above a line up of oil barrels with a red arrow heading upwards above them, indicting rising oil prices.a man in a business suit looks at a map of the world above a line up of oil barrels with a red arrow heading upwards above them, indicting rising oil prices.

    The Beach Energy Ltd (ASX: BPT) share price is up 0.6% at the time of writing, reaching $1.71.

    Over the last month alone, Beach shares have gone up by 13%. In the last six months it has surged 69%.

    The oil price has jumped in recent weeks amid the Russian invasion of Ukraine.

    But there could be more rises as the US and UK are banning Russian oil. The BBC reported that about 8% of US oil and refined product imports come from Russia, while Russia makes up about 6% of the UK’s oil imports.

    The US President Joe Biden indicated this decision is to hurt “the main artery of Russia’s economy”. Russia is one of the world’s biggest exporters of oil, along with the US and Saudi Arabia.

    However, President Biden acknowledged that the move could lead to higher oil prices for consumers.

    This may be having an impact on the Beach Energy share price considering it’s an oil resource business.

    Oil prices to remain higher for longer?

    The Santos Ltd (ASX: STO) boss Kevin Gallagher has suggested that the banning of Russian oil could lead to very high oil prices for a while. Mr Gallagher said at the Australian Financial Review Business Summit:

    Supply’s struggling, it’s struggling right now for a number of reasons. Projects are now taking twice as long to get up and get approved.

    We could be stuck with very high prices, unhealthily high prices for some time.

    He suggested this could remain the case because the supply gap can’t be filled, unless there is a change in government policies globally.

    Beach Energy share price snapshot

    Since the start of the year, Beach shares have risen around 30%.

    The post Beach (ASX:BPT) share price up: Oil prices predicted to stay higher for longer appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Beach Energy right now?

    Before you consider Beach Energy, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Beach Energy wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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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 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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  • Why Aurelia Metals, Brambles, GQG, and Nickel Mines shares are falling

    5 arrows going down with a red background.

    5 arrows going down with a red background.5 arrows going down with a red background.

    It has been a much-needed positive day for the S&P/ASX 200 Index (ASX: XJO). In afternoon trade, the benchmark index is back on form and up 0.9% to 7,045.1 points.

    Four ASX shares that have failed to follow its lead today are listed below. Here’s why they are falling:

    Aurelia Metals Ltd (ASX: AMI)

    The Aurelia Metals share price is down over 3% to 45.5 cents. Investors have been selling this gold miner’s shares after it revealed that it has suspended production at its Dargues Gold Mine in southern New South Wales. This was done as a precaution following the significant rain event that is currently impacting the east coast of Australia.

    Brambles Limited (ASX: BXB)

    The Brambles share price is down 2% to $9.69. This decline is almost entirely attributable to the logistics solutions company’s shares trading ex-dividend for its interim dividend this morning. Eligible shareholders can now look forward to receiving Brambles’ 15.1 cents per share partially franked dividend next month on 14 April.

    GQG Partners Inc (ASX: GQG)

    The GQG share price has continued its slide and is down a further 3.5% to $1.15. This means the fund manager’s shares have now lost 43% of their value since the completion of its IPO at $2.00 per share in October. GQG’s shares have come under pressure this week following the release of its latest funds under management update.

    Nickel Mines Ltd (ASX: NIC)

    The Nickel Mines share price is down 11% to $1.30. Investors have been selling down this nickel producer’s shares today after one of its largest customers and shareholders, Tsingshan, getting caught up in a massive short squeeze. However, this afternoon Nickel Mines responded to the decline by stating that it has spoken with Tsingshan. The steel producer has told the company that it does not plan to sell shares. It also advised that Tsingshan continues to support its operations and will be buying its nickel as planned.

    The post Why Aurelia Metals, Brambles, GQG, and Nickel Mines shares are falling appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

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  • Will soaring commodity prices hold back the Bitcoin price in 2022?

    Man sitting at a desk facing his computer screen and holding a coin representing discussion by the RBA Governor about cryptocurrency and digital tokens

    Man sitting at a desk facing his computer screen and holding a coin representing discussion by the RBA Governor about cryptocurrency and digital tokensMan sitting at a desk facing his computer screen and holding a coin representing discussion by the RBA Governor about cryptocurrency and digital tokens

    The Bitcoin (CRYPTO: BTC) price is up 5% since this time yesterday.

    One Bitcoin is currently trading for US$40,616 (AU$52,207).

    In a sign of the ongoing volatility of the world’s top crypto. Over the past 24 hours, it’s traded as high as US$$40,240 and as low as US$38,107.

    Commenting on the Bitcoin price gains, OANDA Americas senior markets analyst, Edward Moya said (quoted by CoinDesk), “Bitcoin is higher on the day as risk appetite showed signs of life after U.S. stocks had the worst rout in a few years.”

    Are soaring commodity prices holding back the Bitcoin price?

    Many crypto bulls had been expecting the Bitcoin price to rebound past US$50,000 by now.

    Some have been pointing to cryptos’ usefulness to ordinary Russians locked out of Visa and Mastercard, even as the value of the ruble tumbles.

    However, it may be that the massive rise in commodity prices we’re seeing is diverting some would-be crypto investors’ money into these fast rising hard assets.

    According to Moya:

    Bitcoin’s fundamentals are still sound, but many active traders are putting the crypto trade on hold and focusing on a handful of commodity supercycle trades. Bitcoin is forming a trading range and over the next few weeks it could trade between the US$35,000 and $45,000 trading range.

    What’s going on with commodities?

    It’s not every day we hear the Bitcoin price linked to commodity prices.

    But then the incredibly rally we’re seeing across a wide range of commodities, including crude oil, gas, coal, and nickel, is unprecedented.

    Indeed, Brent crude oil is trading at 14-year highs. While coal recently broke into new all-time highs.

    Commenting on the surging commodity prices, AJ Bell investment director Russ Mould said (quoted by The Australian):

    The prospect of fresh sanctions on Russia, and moves to ban the purchase of commodities supplied by that country, is driving up prices of oil, gas, wheat, nickel, copper… Russia is a top-5 producer of palladium, diamonds, gas, oil, platinum, potash, aluminium, gold, nickel and steel.

    That’s some list.

    And don’t forget that Ukraine is also a major commodity producer. One whose exports will be hugely impacted by Russia’s on-going invasion.

    How will this all play out for the Bitcoin price in 2022?

    Time will tell.

    The post Will soaring commodity prices hold back the Bitcoin price in 2022? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

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    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.

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  • Mesoblast (ASX:MSB) share price rebounds 15%, what’s been happening?

    Three Archer Materials scientists wearing white coats and blue gloves dance together in their lab after making a discoveryThree Archer Materials scientists wearing white coats and blue gloves dance together in their lab after making a discoveryThree Archer Materials scientists wearing white coats and blue gloves dance together in their lab after making a discovery

    The Mesoblast Limited (ASX: MSB) share price has been regaining some of its recent losses today.

    In afternoon trade, shares in the regenerative medicines company are fetching $1.20, up 16.5%. Despite the gain, shareholders are still a distant 52% below Mesoblast’s 52-week high of $2.52.

    Could the shorts be covering?

    While the market is throwing support behind the Mesoblast share price today, the shifting sentiment is not a result of a positive announcement.

    In fact, the ASX-listed drug developer hasn’t released any news since 25 February. Aside from that release, the only other news to arise is the company’s removal from the S&P/ASX 200 Index (ASX: XJO) — which was revealed on Friday.

    However, thanks to my Foolish colleague, James, we know that Mesoblast made the top 10 most shorted ASX shares last week. From the ASIC data, the recent weakness in the Mesoblast share price coincided with a 9.8% short interest last week.

    This might suggest shorters might be taking some of their profits off the table today after a prolonged downward run in Mesoblast shares.

    Between 11 December 2020 and today, the unprofitable biotech has suffered a 74% fall in its share price. Given this, the far majority of short-sellers were likely in profit leading up to today.

    How does the Mesoblast share price compare to its peers?

    Looking at the company on a year-to-date (YTD) basis, the performance of the Mesoblast share price is roughly in line, if not better in some cases, than its ASX-listed pharmaceutical peers.

    Since the year kicked off, Mesoblast shares have fallen 15.2%. For comparison, let’s look at the performance of other similar companies.

    Finally, based on the current Mesoblast share price, the company holds a market capitalisation of $772 million.

    The post Mesoblast (ASX:MSB) share price rebounds 15%, what’s been happening? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Mesoblast right now?

    Before you consider Mesoblast, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Mesoblast wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. 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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  • Want the dividends from these 5 ASX shares? You’d better be quick!

    a man holds his hand out and yells for a train to wait for him on a train platform with the train in the background.a man holds his hand out and yells for a train to wait for him on a train platform with the train in the background.

    a man holds his hand out and yells for a train to wait for him on a train platform with the train in the background.Today is a rather big day for more than a few dividend investors. That’s because we have a plethora of ASX shares that are scheduled to trade ex-dividend tomorrow. And that means that if you want the dividends from those companies to arrive in your bank account, rather than someone else’s, today is the last day you can buy the shares with that benefit attached. Remember, companies going ex-dividend will normally see a share price drop on their ex-div date.

    So here are 5 such ASX dividend shares that are scheduled to trade ex-dividend tomorrow.

    5 ASX dividend shares going ex-dividend tomorrow

    South32 Ltd (ASX: S32)

    Mining company South32 is about to cut off access to its upcoming interim dividend. The diversified miner will be paying out a fully franked dividend worth 8.7 US cents (AUD value to be determined) on 7 April.

    Rio Tinto Limited (ASX: RIO)

    Rio is another mining giant that is set to trade ex-div tomorrow. In this iron ore giant’s case, we know that investors will receive $6.6284 in fully franked dividends per share on 21 April. That’s the largest interim dividend Rio has ever paid.

    G8 Education Ltd (ASX: GEM)

    A company in a slightly different sector, G8 Education shares will also be going ex-dividend tomorrow. Investors can look forward to a fully franked payment of 3 cents per share on 1 April (no April Fool’s here). But get in quick if that takes your fancy.

    Michael Hill International Ltd (ASX: MHJ)

    Jewellery company Michael hill is next up. Michael Hill shares are also fast closing the window to receive this company’s upcoming dividend. The jeweller will be forking out 3.5 cents per share, this one unfranked, later this month on 25 March.

    Regis Healthcare Ltd (ASX: REG)

    Regis is last on our list, but not necessarily least. Investors who own the shares before tomorrow can expect to receive a partially franked at 50% dividend of 3.52 cents per share on 8 April next month.

    The post Want the dividends from these 5 ASX shares? You’d better be quick! appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Rio Tinto right now?

    Before you consider Rio Tinto, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Rio Tinto wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    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 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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  • What a Boss! Why the Boss Energy (ASX:BOE) share price is soaring 13% today

    a man in a business suit sits happily leaning back into his hands behind his head with his feet on his desk and smiles broadly.

    a man in a business suit sits happily leaning back into his hands behind his head with his feet on his desk and smiles broadly.a man in a business suit sits happily leaning back into his hands behind his head with his feet on his desk and smiles broadly.

    ASX shares are enjoying a rather pleasant Wednesday so far after the nasty selloffs we saw earlier in the week. At the time of writing, the All Ordinaries Index (ASX: XAO) is up a healthy 0.92% at just over 7,300 points. But that’s nothing compared to the Boss Energy Ltd (ASX: BOE) share price.

    At the time of writing, Boss shares are currently up by a very pleasing 11.9% at $2.54 each. That’s a pretty convincing trounce of the broader market. So what’s going on with this ASX uranium share today?

    Well, it’s not the result of anything the company itself has said, so rule that one out.

    Instead, this dramatic share price jump could be the result of some news that came out yesterday from S&P Global. S&P Global is the company responsible for running major share market indexes around the world. Two of those happen to be the All Ords and the ASX 200 – the flagship indexes for the ASX share market.

    Boss Energy share price rises amid All Ords entry ticket

    Last week, S&P announced that Boss Energy would be in amongst dozens of companies that will join the All Ordinaries Index as of March 21. This is part of S&P’s quarterly index rebalancing. Indexes like the All Ords reflect the largest ASX shares by market capitalisation. In the All Ords’ case, it consists of 500 ASX shares. But market caps move around all the time (in line with share prices), so a list of the ASX’s ‘largest 500 shares’ is ever-changing.

    Well, Boss makes the cut this time around. Thus, it will soon be a proud card-carrying member of the All Ords. This can have large benefits for a company since many managed funds or index funds can only select All Ords shares as part of their mandates. This might be why we are seeing renewed interest in Boss shares today, perhaps helped by the market being back in the green today.

    But, as my Fool colleague Brooke covered yesterday, a government announcement of the construction of a new nuclear submarine base could also be assisting. This has no direct impact on Boss Energy at this stage. But, as covered yesterday, it’s possible that an announcement of this kind shifts attention to uranium shares like Boss.

    Whatever the reasons for Boss shares’ stellar performance today, it has no doubt pleased many shareholders.

    At the current Boss Energy share price, this ASX uranium share has a market capitalisation of $722 million.

    The post What a Boss! Why the Boss Energy (ASX:BOE) share price is soaring 13% today appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Boss Energy right now?

    Before you consider Boss Energy, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Boss Energy wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    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 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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  • Aussie Broadband (ASX:ABB) share price advances amid directors offloading shares

    three businessmen stand in silhouette against a window of an office with papers displaying graphs and office documents on a desk in the foreground.three businessmen stand in silhouette against a window of an office with papers displaying graphs and office documents on a desk in the foreground.three businessmen stand in silhouette against a window of an office with papers displaying graphs and office documents on a desk in the foreground.

    The Aussie Broadband Ltd (ASX: ABB) share price is climbing during Wednesday mid-afternoon. This follows the broadband company’s announcement that a number of co-founders and directors have offloaded their shares. 

    At the time of writing, Aussie Broadband shares are up 3.09% to $5.01.

    Director sale of shares

    In a statement to the ASX, Aussie Broadband revealed a number of its co-founders and directors, Phillip Britt, John Reisinger and Patrick Greene, have each sold a portion of their shares.

    Executive director and managing director Britt dispensed 2 million Aussie Broadband shares through an on-market trade at $4.95 apiece.

    Britt still has almost 16,000 ordinary Aussie Broadband shares, along with approximately 1.17 million options.

    In addition, executive director and chief technology officer Reisinger also sold 2 million Aussie Broadband shares via an on-market trade at $4.95.

    He has around 15.95 million ordinary Aussie Broadband shares and roughly 282,000 options.

    Both transactions equate to a value of $9.9 million and represent 11.1% of Britt’s and Reisinger’s shareholdings.

    Lastly, non-executive director Greene offloaded a slightly lower number of shares compared to the other two directors. He sold about 1.91 million Aussie Broadband shares through an on-market trade at $4.95, which is 15.7% of his holdings.

    Following the divestment, Greene owns 10.24 million ordinary Aussie Broadband shares.

    The reason given for each of the directors selling their shares was to “fund tax and personal obligations”.

    All of the shares sold were acquired by Australian institutional investors.

    Aussie Broadband share price snapshot

    Over the past 12 months, the Aussie Broadband share price has surged almost 80%, with year-to-date gains above 6%.

    The company’s share price has been moving along an upwards trajectory since 2020.

    Aussie Broadband has a price-to-earnings (P/E) ratio of 46.82 and commands a market capitalisation of roughly $1.12 billion.

    The post Aussie Broadband (ASX:ABB) share price advances amid directors offloading shares appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Aussie Broadband right now?

    Before you consider Aussie Broadband, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Aussie Broadband wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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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 Aussie Broadband Limited. The Motley Fool Australia has recommended Aussie Broadband 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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  • Why Argosy Minerals, Block, Core Lithium, and Mineral Resources are storming higher

    A young women pumps her fists in excitement after seeing some good news on her laptop regarding the NRW share price

    A young women pumps her fists in excitement after seeing some good news on her laptop regarding the NRW share priceA young women pumps her fists in excitement after seeing some good news on her laptop regarding the NRW share price

    In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has returned to form and is racing higher. At the time of writing, the benchmark index is up 0.9% to 7,043.6 points.

    Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher:

    Argosy Minerals Limited (ASX: AGY)

    The Argosy Minerals share price is up 3% to 32.5 cents. This morning the lithium developer released its second update on its Rincon project in Argentina in as many days. Yesterday it revealed that it has completed the brine systems work, whereas today it has taken delivery of German manufactured dryer/evaporator and vibrator equipment. This is the third update of its kind this month.

    Block Inc (ASX: SQ2)

    The Block share price is up 5% to $140.53. This follows a positive day of trade in the tech sector after a solid night on the tech focused Nasdaq index. It isn’t just Block’s shares that are rising today. The S&P ASX All Technology index is up by 2% at the time of writing.

    Core Lithium Ltd (ASX: CXO)

    The Core Lithium share price is up 6% to 93.5 cents. This morning the lithium developer released an update on its drilling activities at the Carlton deposit of the Finniss Lithium Project near Darwin. The release notes that eight of the nine holes intersected spodumene bearing pegmatite mineralisation. Management expects this to underpin an upgrade to the mineral resource of the project.

    Mineral Resources Limited (ASX: MIN)

    The Mineral Resources share price is up 3.5% to $47.45. Investors have been buying this mining and mining services company’s shares following a positive broker note out of Citi. According to the note, the broker has upgraded the company’s shares to a buy rating with a $58.00 price target. This follows an upgrade to Citi’s near term commodity price forecasts.

    The post Why Argosy Minerals, Block, Core Lithium, and Mineral Resources are storming higher 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. owns and has recommended Block, Inc. The Motley Fool Australia owns and has recommended Block, Inc. 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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