During a volatile 2022, the Lovisa Holdings Ltd (ASX: LOV) share price has seen its fair share of wild swings.

Just yesterday, the fashion jewellery retailer’s shares plummeted by almost 10% on the back of weak investor sentiment. This has likely been caused by the recent downturn across the entire ASX market. In particular, the S&P/ASX 300 Retailing index (AXRTKD) fell another 1.11% on Monday.

Today, the company’s shares are again in the red. However, this is likely due to trading ex-dividend today.

At the time of writing, Lovisa shares are down 5.03% to $16.81.

Let’s take a closer look at what this means for the company’s shareholders.

Shareholders set eyes on Lovisa’s interim dividend

With investors having locked in the company’s latest dividend, the Lovisa share price is tumbling.

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

In the half-year report, Lovisa reported double-digit growth across key metrics and increased its interim dividend by 85%.

Management noted this was due to the strong cash outcome and balance sheet position for the first half.

Lovisa ended the calendar year with $52.7 million of net cash and no debt.

Overall, net profit after tax (NPAT) rose to $36.7 million, a lift of 70.3% compared to $21.5 million in the prior year.

When can shareholders expect to be paid?

For those eligible for Lovisa’s interim dividend, shareholders will receive a payment of 37 cents per share on 24 April. The dividend is 30% franked, which means investors can expect to receive some tax credits from this.

And, in case you are wondering, the company is not offering a dividend reinvestment plan (DRP) to shareholders.

Lovisa share price summary

Since the beginning of 2022, Lovisa shares have lost 15%. The ASX 300 Retailing Index has also fallen by around 17% from its former highs on 4 January. 

Lovisa shares reached an all-time high of $23.07 in November, before backtracking.

Based on today’s price, Lovisa commands a market capitalisation of roughly $1.9 billion.

The post Here’s why the Lovisa (ASX:LOV) share price is sliding 5% today 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 Lovisa Holdings 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 Calix Ltd (ASX: CXL) share price has been a positive performer on Tuesday.

In morning trade, the environmental technology company’s shares are up 4% to $6.51.

This means the Calix share price is now up approximately 225% since this time last year.

Why is the Calix share price storming higher?

Investors have been bidding the Calix share price higher today following the release of a positive announcement.

According to the release, Calix has received Australian Pesticides and Veterinary Medicines Authority (APVMA) approval for its safe, environmentally friendly crop protection product, Booster-Mag. This comes just over two years after it first submitted an application for Booster-Mag as a non-lethal insecticide for the suppression of two-spotted mite in tomatoes and field and protected crops.

Though, its journey started long before that. Management advised that the registration of Booster-Mag is the culmination of six years of scientifically rigorous product and application development.

Furthermore, it highlights that Booster-Mag is the first registration of a magnesium hydroxide insecticide in the world, which opens it up to a sizeable market opportunity.

What’s next?

Management will initially focus on the suppression of two spotted mite in tomato and cucurbit crops, which present an addressable market opportunity estimated at 16,000 hectares in Australia. It notes that both tomato and cucurbit crops are vulnerable to insect pests and disease and, as such, conventional pesticides are critical.

But it doesn’t stop there. The company is part of several larger field trials overseas where other types of crops and applications, such as anti-fungi, are being evaluated. These could extend its addressable market to an estimated 500,000 hectares.

In order to reach these markets, Calix is now developing commercial relationships with specialist global crop protection companies with the expertise and capability to fully utilise Calix’s material bioactivity.

The post Here’s why the Calix (ASX:CXL) share price is storming higher today 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 Endeavour Group Ltd (ASX: EDV) share price has managed to handily outperform the S&P/ASX 200 Index (ASX: XJO) since listing on 24 June last year.

While the ASX 200 is down 3.3% since 24 June, the Endeavour share price has leapt more than 15% higher. It’s also up 10% in the past month.

Why have investors been rewarding the company?

Endeavour, as you’re likely aware, is a spin-off from the supermarket giant Woolworths Group Ltd (ASX: WOW).

The company has a market cap of $12.5 billion. Its portfolio includes well-known alcohol businesses like Dan Murphy’s, BWS, Cellarmasters and more. It also owns numerous licensed hospitality venues and manages more than 330 licensed venues.

ASX investors rewarded the company after it released strong financial results in its maiden reporting season as a listed company.

Some highlights included a 15.6% leap in group net profit after tax (NPAT), which reached $311 million. Earnings per share (EPS) were up 16% from the prior corresponding period to 17.4 cents per share (cps). And Endeavour declared an interim dividend of 12.5 cents per share, fully franked.

The Endeavour share price gained 10% on the day.

But after such a strong run of outperformance, can the company continue to deliver?

Why the Endeavour share price has still ‘got legs’

For some insight into what investors might expect in the year ahead for the Endeavour share price, we defer to Michelle Lopez, Head of Australian Equities at abrdn.

Asked by Live Wire which single share “stood out as a great result in reporting season”, Lopez said:

For us, Endeavour was one of those. And Endeavour was the spinoff from Woolies. They had the retail side, which is your Dan Murphy’s and BWS, and then you had the pubs and hotels. So they own a portfolio nationwide. And really that stood out, particularly the margins within the retail business, they were significantly higher than expectations. So it drove a 20% beat at the earnings line.

Among the strengths supporting the Endeavour share price, Lopez highlighted the company’s broadly diverse portfolio:

Endeavour’s one of these stocks that almost there’s a natural hedge within the business itself. So yes, they’ve got the retail side. But they’ve also got the pubs and the hotels. And it’s the largest portfolio from a listed company. They get the reopening trade. They’ve done really well, up until now, from consumption at home, and now pivoting into the hotels, which is three times the margin of the in-home. So I think that one did really well.

Lopez noted that the Endeavour share price gained 10% on 21 February, the day it reported those results.

“But I still think it’s got legs from here,” she added.

The post Up 10% in a month, why the Endeavour (ASX:EDV) share price has still ‘got legs’: fundie appeared first on The Motley Fool Australia.

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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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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

Shares of EV truck and technology company Cenntro Electric (NASDAQ: CENN) gained as much as 56.7% in mid-day trading Monday. Shares of the small-cap stock lost some of those gains but still ended the day up 20.8%.

So what

Cenntro makes commercial electric utility vehicles, including box and flat bed trucks, vans, and terrain vehicles. Shares soared after Cenntro announced an acquisition today that will expand its capabilities in Europe. While a relatively small purchase valued at about $16.5 million, that amount represented more than 5% of Cenntro’s total market capitalisation heading into today’s trading.

Now what

Relative to Cenntro’s market cap, an acquisition that size would be like Tesla making an investment worth about $45 billion. That would be meaningful, and investors believe this could be meaningful for Cenntro’s growth plans.

Cenntro chairman and CEO Peter Wang said in a statement:

Through this acquisition, we gain a significant geographical advantage and the addition of key management personnel within the European region, unlocking significant global growth opportunities for the company.

The purchase of Tropos Motors Europe will allow Cenntro to offer more light-to-medium-duty commercial vehicles by adding a European customer base, as well as expand its assembly capabilities and distribution network. Commercial delivery and work vehicles are a niche for EV manufacturers that should continue to grow as companies work to lower their carbon footprint. With oil prices spiking at the same time today, investors are putting money in many EV manufacturers, like Cenntro, they think will have plenty of market demand to satisfy.

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

The post Why 1 small EV stock soared more than 20% today appeared first on The Motley Fool Australia.

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Howard Smith has no position in any of the stocks mentioned. The Motley Fool owns and recommends Tesla. The Motley Fool has a disclosure policy.

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

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The REA Group Limited (ASX: REA) share price is falling again with the market on Tuesday.

In morning trade, the property listings company’s shares are down 2.5% to a new 52-week low of $124.51.

Is the REA share price weakness a buying opportunity?

While the weakness in the REA share price in 2022 has been disappointing, it could be a buying opportunity for investors.

According to a recent note out of Goldman Sachs, its analysts have a buy rating and $167.00 price target on the company’s shares.

Based on the current REA share price, this implies potential upside of 34% for investors over the next 12 months.

Why is the broker positive on REA?

Goldman Sachs was pleased with the company’s performance during the first half of FY 2022.

It commented: “REA also delivered strong 1H22 earnings growth which was broadly in-line with our expectations, but was weaker in the core Australia business. With a strong start to 2H (i.e. listings +14% in Jan), and continued pricing/depth residential tailwinds, we expect solid 2H momentum.”

And while the broker suspects that investors may have concerns over REA’s ability to build on this next year, its analysts continue to forecast earnings growth in FY 2023.

Goldman explained: “We believe investor focus will now be on the outlook into FY23, given slowing price/depth contributions and a very tough listings comparable. We forecast FY23 EBITDA growth of +7%, assuming (1) -5% listings headwinds (-7% adj. for non-repeat of Fed Election) offset by +6% price and +3% depth/new products (such as Audience Max/Connect) (2) Improving trends in Commercial/Developer given strong expected project commencements; (3) Continued growth at Hometrack; (4) Improved MOC earnings; and (5) International momentum, particularly with smaller India losses.”

Goldman is forecasting EBITDA of $682 million in FY 2022, then $729 million in FY 2023 and $818 million in FY 2024.

Based on these forecasts, the broker clearly believes the REA share price is good value at the current level.

The post 52-week low: Broker says the REA (ASX:REA) share price has 30% upside 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 REA 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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March could be a big month for these ASX uranium shares – they’ve been recognised as two of the exchange’s largest companies.

Boss Energy Ltd (ASX: BOE) and Deep Yellow Limited (ASX: DYL) will join the All Ordinaries Index (ASX: XAO) on 21 March.

Right now, the Boss Energy share price is $2.36. That of Deep Yellow is 85 cents.

Interest in the companies might also be boosted by news of Australia’s future nuclear-powered fleet, released this week.

Let’s take a closer look at what all this could mean for these ASX uranium shares.

Could these ASX uranium shares be in for a big month?

Boss Energy and Deep Yellow shares could be boosted when the ASX uranium companies are added to the All Ords.

Their addition to the All Ords could see trading of their stock intensify for a period. That’s because funds tracking the All Ords will need to buy in to continue reflecting the index.

Additionally, fund managers mandated to trade only in All Ords constituents might turn their attention to the ASX uranium shares.

The index tracks the 500 largest companies on the ASX, representing nearly 90% of the exchange’s value.

According to the ASX, Boss Energy has a market capitalisation of around $673 million.

Meanwhile, Deep Yellow’s valuation is approximately $329 million.

The companies might also be in the spotlight this week amid news of Australia’s planned nuclear-powered submarine fleet.

Neither company is publicly involved with the fleet. However, news on the nuclear-powered vessels tends to draw attention to the ASX uranium sector.

Prime Minister Scott Morrison announced yesterday a new submarine base will be built on Australia’s east coast.

The cost of the new base – to be located in Brisbane, Newcastle, or Port Kembla – is unclear.

However, the Department of Defence estimates more than $10 billion will be needed to support the shift to nuclear-powered submarines.

On top of that, the ASX uranium shares might be in the spotlight on news Australia could acquire nuclear-powered submarines earlier than expected.

Defence Minister Peter Dutton signalled the government’s decision on which submarines to acquire under the AUKUS alliance could be finalised within months, according to reporting by the ABC.

The minister also noted the fleet could be in operation before 2040 – as is currently expected.

The post Why these 2 ASX uranium shares could be set for a boost this month 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 Boral Limited (ASX: BLD) share price has been by far one of the worst performers on the S&P/ASX 200 Index (ASX: XJO) in recent times.

The building materials company’s shares hit a 20-month low of $3.43 yesterday despite not releasing any news to the ASX.

The fall represents a decline of 43% since the start of February – a little more than a month ago.

Why are Boral shares in freefall?

The Boral share price has been heavily sold off since the massive capital return to shareholders was announced on 2 February.

Management advised that following a string of asset sales, it would be returning $3 billion of surplus capital to shareholders.

Each eligible shareholder will receive a total cash distribution of $2.72 per share. This consists of a $2.65 per share equal capital reduction, totalling $2,923 million and an unfranked dividend of 7 cents per share, totalling $77 million.

This will be paid next week on Monday 14 March.

In 2021, Boral offloaded its North American Building Products, 50% owned Meridian Brick businesses, and Australian Building Products businesses.

The company has been busy with its divestment strategy, focusing on strengthening core assets and delivering improved returns.

The decision to distribute the proceeds follows the vote in favour at the company’s annual general meeting in late October.

Boral recently engaged with the Australian Taxation Office (ATO) in regards to the tax implications of the capital reduction.

As such, the ATO published a class ruling that stated no part of the return of capital will be assessable as a dividend for Australian taxation purposes.

Boral share price snapshot

After a month of heavy losses, the Boral share price is down 35% over the last 12 months. In comparison, the S&P/ASX 200 Materials (ASX: XMJ) sector is up 13% over the same timeframe.

Based on valuation grounds, Boral presides a market capitalisation of around $3.79 billion, with over 1.1 billion shares on its books.

The post Why is the Boral (ASX:BLD) share price trading at 20-month lows? 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 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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It’s not often that you see an ASX share skyrocket 36% in one month but is still considered undervalued.

It’s an especially rare scenario during a year when most ASX shares have dipped, if not crashed.

But that’s the situation investors face with mining contractor NRW Holdings Limited (ASX: NWH).

NRW shares rose 36% in the month of February, making it Celeste Funds Management’s star performer during a volatile time of inflation, war and floods.

In a memo to clients, the Celeste team attributed the returns to favourable half-year financials.

“The company delivered strong headline numbers and improved margins, which restored sentiment around contract claims and labour constraints – previously an area of contention during the peak of COVID.”

Investing in the new resources boom, without buying a mining stock

Despite the spectacular explosion in share price, Celeste analysts reckon this is just the beginning.

“We suspect the market’s view of this stock will continue to improve, with NRW trading cheaply in the meantime,” their memo read. 

“As a quality operator with a breadth of capability, we expect the company will further bolster its growing order book.”

Just last week, Fairmont Equities founder Michael Gable agreed, saying “the valuation remains cheap”.

“The earnings outlook is strong for this mining services company,” Fairmont Equities founder Michael Gable told The Bull.

“The share price had been consolidating for the past few months before breaking higher after its half-year results. We now expect the shares to trend higher from here.”

Multiple experts have mentioned how the current inflationary conditions favour the mining sector.

Even though NRW is not a resources producer itself, Celeste Funds is confident it will ride that wave.

“It is also a beneficiary of the commodity environment, with a tender pipeline of $19.5 billion in the next 12 months, providing resources exposure with an asymmetric risk-reward skew.”

NRW shares closed Monday at $2.12.

The company is now headquartered in Perth, but it was established in Kalgoorlie in 1994. 

The post This ASX share just rocketed 36% but is still CHEAP: expert 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. 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 could be good value.

That’s the view of analysts at Bell Potter, who have spoken positively about the travel agent giant this morning.

Why is the Flight Centre share price good value?

According to a note out of Bell Potter, its analysts have retained their buy rating and lifted their price target on the travel agent’s shares to $20.50.

Based on the current Flight Centre share price of $17.05, this implies potential upside of 20% for investors over the next 12 months.

Following a change of analyst, the broker has retained its “positive view on FLT’s outlook and competitive position as global travel recovers in CY22e.”

What is the broker saying?

Bell Potter is positive on the company due to its growing corporate business and the restructuring of its leisure operations.

It explained: “[its positive view is] supported by strong organic growth in the Corporate business and a restructured Leisure business that is highly leverage to the return of International outbound Australian travel. While there is still some uncertainty to recovery pathway, we believe sustained reopening’s on milder COVID variants and increased global vaccinations is the base case, with consensus estimates on forward TTV and PBT/TTV margins not onerous in our view.”

The broker also highlights its belief that the market is underestimating the strength of its corporate business.

Its analysts said: “FLT’s corporate business continues to win market share in key markets, while maintaining ‘excellent’ customer retention, and should emerge from COVID with a structurally larger business despite near-term headwinds. We believe the market continues to underestimate the strong organic structural growth exhibited by the corporate business, given the current COVID headwinds, which are rapidly dissipating.”

All in all, Bell Potter appears to believe this could make the Flight Centre share price a top option for patient long-term focused investors.

The post Why this broker thinks the Flight Centre (ASX:FLT) share price is great value 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 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 Medibank Private Limited (ASX: MPL) share price has been rated as a buying opportunity according to one investment expert.

Credit Suisse is the broker that currently rates the business as a buy.

Why? It still thinks the company is a buy after having a look at the company’s result and guidance.

Let’s have a look at how Medibank performed in the first six months of the financial year.

Medibank’s half-year result

Australia’s largest private health insurance business reported that for the six months to December 2021 it saw its net residential policyholders grow by 28,100, or 1.5% in percentage terms. Over 12 months, its policyholder growth was 3.3%. In January it added another 4,500 in what it described as an “extremely competitive” market.

The company put a lot of this growth down to younger people and those who hadn’t had private health insurance before. The Medibank brand has seen six consecutive quarters of growth, the first time in almost nine years.

Total premium revenue was up 3.8% to $2.45 billion, whilst the management expense ratio was down 30 basis points to 7.2%. This helped group operating profit rise by 12.3% to $286.5 million. Profitability can have an important influence on the Medibank share price.

However, group net profit after tax (NPAT) declined 2.7%, with the net investment income coming in at $30.9 million (down from $71.8 million in the prior corresponding period).

The company also decided to declare an interim dividend of 6.1 cents per share, representing 79.1% of underlying net profit.

FY22 outlook

The guidance can have an impact on the Medibank share price as investors factor in changes to their expectations for the rest of the financial year.

In FY22, Medibank is aiming to achieve policyholder growth of between 3.1% to 3.3%, with continuing growth of the Medibank brand.

Turning to claims, the business is expecting the underlying average net claims expense per policy unit to be around 2.3% among resident policyholders.

The FY22 health insurance management expenses are expected to be around $530 million. It’s targeting $15 million of productivity when it comes to the health insurance management expenses.

Management is also looking at possible ‘inorganic’ growth for Medibank Health and the health insurance segment.

Medibank share price target and valuation

Credit Suisse’s price target on the private health insurance giant is $3.50. That suggests a potential rise of 14% over the next 12 months, if reality meets the price target.

The broker liked the recent result which included an increase in profitability and a rise in market share.

Based on the latest Credit Suisse estimates, the Medibank share price is valued at 19x FY22’s estimated earnings with a projected grossed-up dividend yield of 6.5%.

The post Healthy upside: Expert rates Medibank (ASX:MPL) share price as a good buy 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 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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