The Vmoto Ltd (ASX: VMT) share price has rocketed to a 9-month high today. This comes after the company announced profit guidance for the 2021 financial year.

At market close, the electric-powered scooter manufacturer’s shares were up 9.52% to 46 cents apiece. That’s after hitting an intraday high of 49 cents this morning.

Vmoto continues to accelerate sales growth at a rapid pace

The Vmoto share price pushed higher after investors digested the company’s latest announcement.

According to its release, Vmoto advised it has sped up its international strategy, delivering record sales units to key markets.

In total, more than 30,000 units were sold in FY21, representing a significant 27.4% increase on the prior corresponding period.

As a result, the company expects to achieve FY21 net profit after tax (NPAT) between $7.5 million and $7.8 million. Notably, this will be the largest net profit ever recorded in Vmoto’s history. To put this into perspective, NPAT stood at $3.7 million for the 2020 financial year.

The company highlighted that it had completed a number of operational and commercial milestones in FY21. This included generating positive operational cash flows leading to a strong cash positive with no bank debt.

Furthermore, Vmoto’s presence also expanded as more international B2C (business to consumer) distributors were secured, bringing the total to 58 across 62 countries. Its B2B (business to business) operations also grew through the use of increased popularity in delivery and ride-sharing services.

Vmoto managing director, Charles Chen commented:

I am delighted to announce we will deliver a significant increase in NPAT for this financial year when compared to 2020.

We remain confident the underlying fundamentals of the business will continue to deliver strong growth throughout key international markets. We are also extremely excited to have launched the new Vmoto premium brand and products having worked alongside a number of top industrial design partners in Europe to bring a wider range of products to the international markets.

Quick take on Vmoto

Vmoto Limited is a leading global scooter manufacturer and distribution group specialising in electric powered two-wheel vehicles. Vmoto’s electric-powered two-wheel vehicle products have chic European design and German engineering.

Last year, Vmoto undertook an extensive strategic review of operations with the intention of simplifying the company’s structure. This allowed management to focus on international sales and marketing of electric two-wheel vehicle products.

Vmoto share price summary

It’s been a sound year for Vmoto shareholders, having gained around 15% in the last 12 months of trading. However, the company’s shares have started 2022 on a positive note and are up more than 8% to date.

In the last month, the Vmoto share price regained support and climbed by more than 17%, despite no new updates from the company.

Based on today’s price, Vmoto has a market capitalisation of around $130 million and a price-to-earnings (P/E) ratio of 22.14.

The post Here’s why the Vmoto (ASX:VMT) share price is powering ahead by 10% today appeared first on The Motley Fool Australia.

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• When did AMP (ASX:AMP) last pay a dividend and when might the next one be?
• Why is the Core Lithium (ASX:CXO) share price hitting all-time highs today?
• Why did the Syrah (ASX:SYR) share price jump 12% to a multi-year high today?
• Medibank (ASX:MPL) share price shrugs off further questions over profit paybacks
• What made the NAB (ASX:NAB) share price so appealing in 2021?

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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Over the years, the AMP Ltd (ASX: AMP) dividend has been a favourite of income investors across Australia.

However, that cannot be said about the financial services company today.

What’s happened to the AMP dividend?

Prior to the Royal Commission, AMP regularly shared a large portion of its bountiful earnings with investors in the form of dividends.

However, since paying a dividend of 28 cents per share in both FY 2015 and FY 2016 and then 29 cents per share in FY 2017, AMP’s dividends have collapsed along with its earnings.

For example, in FY 2018 AMP cut its dividend to 14 cents per share, didn’t pay a dividend in FY 2019, and then paid a dividend of 10 cents in FY 2020. Though, it is important to highlight that the latter dividend was a special one relating to the AMP Life asset divestment. Had that sale not been made, AMP would most likely not have paid a dividend.

Unfortunately, things are likely to remain tough for income investors in FY 2021, with the AMP board deciding against paying an interim dividend during the first half and looking unlikely to pay a final dividend with its full year results.

Management explained: “The board continues to maintain a conservative approach to capital management to support the transformation of the business. In line with this approach, the board has resolved to not declare an interim 2021 dividend. The capital management strategy and payment of dividends will be reviewed following the completion of the demerger in 1H 22.”

When will AMP pay one again?

According to a recent note out of Citi, its analysts aren’t recommending AMP shareholders hold their breath for a dividend in the near term.

Its analysts aren’t expecting a dividend to be paid in FY 2022 or FY 2023. The broker feels FY 2024 is when dividends will resume and is forecasting a 6 cents per share partially franked dividend.

Citi currently has a high risk neutral rating and $1.25 price target on the company’s shares.

It commented: “While the [investor day] material provides welcome further transparency and on FY23 earnings the stock looks inexpensive, there remain a lot of moving parts. So, for now, we retain our Neutral, High Risk call and A$1.25 TP.”

The post When did AMP (ASX:AMP) last pay a dividend and when might the next one be? 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 Core Lithium Ltd (ASX: CXO) share price is surging on Tuesday, hitting a new all-time high in the process.

The gains have come about despite no news having been released by the company. However, sentiment for lithium seems to be having a moment, with brokers bearish on stocks in the segment.

At the time of writing, the Core Lithium share price is 69.7 cents, 8.9% higher than its previous close.

That’s slightly lower than its intraday high, and new record high of 70 cents.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently down 0.7%.

Let’s take a look at what might be bolstering the lithium explorer’s stock today.

Has this sent the Core Lithium share price to new heights?

The Core Lithium share price is roaring higher today, just weeks after a top broker updated its forecasts for the lithium sector.

As my Foolish colleague Zach Bristow reported last week, JP Morgan is expecting big things from lithium in 2022.

The broker is among many believing lithium will see more demand than supply in coming years. It’s also predicting the commodity’s market will see a compound annual growth rate of 24% between now and 2030.

S&P Global Platts is also optimistic about lithium. It’s predicting a supply shortfall of around 5,000 megatons of lithium carbonate equivalent in 2022.

As per the law of supply and demand, the price of lithium should increase alongside any deficit.  

Meanwhile, Core Lithium’s other leg, its uranium assets, might also be helping to boost its share price.

On top of the company’s Finniss Lithium Project, it also owns the Napperby Advanced Uranium Project and the Fitton Uranium Project.

Macquarie analysts have recently upped their outlook for the uranium spot price.

Such sentiment could be helping to buoy sentiment in the company’s stock today.

The post Why is the Core Lithium (ASX:CXO) share price hitting all-time highs today? 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 recommended Macquarie 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 Syrah Resources Ltd (ASX: SYR) share price has been a very strong performer on Tuesday.

At one stage today, the graphite producer’s shares were up 12% to a multi-year high of $2.10.

The Syrah share price has since given back some of these gains but remains up 8% at $2.01.

Why is the Syrah share price surging higher?

Today’s rise in the Syrah share price comes despite there being no news out of the company today.

However, it is worth noting that the company’s shares have been on fire over the last few weeks thanks to the release of a very positive announcement before Christmas that revealed that Syrah has signed a deal with electric vehicle giant Tesla.

According to the release, the company has signed an offtake agreement with Tesla for the supply natural graphite Active Anode Material (AAM) from its vertically integrated AAM production facility in Vidalia, USA.

The release explains that Tesla will offtake the majority of the proposed initial expansion of AAM production capacity (8kt pa of 10kt pa) at Vidalia at a fixed price for an initial term of four years. This will commence from the achievement of a commercial production rate, subject to final qualification.

The offtake obligation is conditional on the parties agreeing the final specifications of AAM by no later than 31 December 2022 and achieving final qualification of AAM to Tesla’s satisfaction by no later than 31 May 2025. The agreement may also be terminated if production has not started by 31 May 2024.

Why is this a big deal?

Management commented on the deal, explaining why it has big consequences for the company’s future.

It said: “The importance and materiality to Syrah of the agreement with Tesla is that it provides a foundation to proceed with the initial expansion of Vidalia’s production capacity, as stated in the announcement of 23 December 2021.”

“The terms of the Agreement including volume, pricing and term will assist Syrah in finalising its investment decision in relation to Vidalia. Syrah plans to make a final investment decision for construction of this expanded facility in January 2022, subject to financing commitments,” it added.

Following today’s gain, the Syrah share price is now up almost 80% over the last 12 months.

The post Why did the Syrah (ASX:SYR) share price jump 12% to a multi-year high 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 Medibank Private Ltd (ASX: MPL) share price hit a 52-week high today. This comes despite calls for the government to provide greater oversight of how health funds return COVID-19 savings to members.

At the time of writing, Medibank shares are up 0.42% from yesterday’s close, currently swapping hands at $3.56.

Let’s take a look at what may be impacting the health insurer’s shares today.

What’s happening at Medibank?

In early trading today, the Medibank share price surged to $3.74, a 52-week high, before retreating to its current level.

Investors appear to be unphased by calls for more government oversight on health insurance payouts to members. The pandemic fuelled a rise in net profits in the private health insurance sector of $1.8 billion last year.

In late December, Medibank returned $135 million in COVID-19 net claims savings to customers by holding off its premium increase for five months.

However, The Australian reported Private Hospitals Association chief executive Michael Roff questioned the transparency of how funds returned COVID-­related savings. He commented:

There needs to be some formal government monitoring of health fund balance sheets to determine how much money they’re collecting that they thought they’d pay out – and how do we actually ensure that that gets back to members.

To date, there’s been no process and it’s been less than transparent.

The Medibank share price gained 11% throughout the course of 2021, despite the uncertainty caused by the pandemic.

As my Foolish colleague Aaron reported yesterday, the company recently released its calendar for the 2022 financial year.

Medibank is expected to reveal its half-year results for FY22 on 25 February.

Share price snap shot

The Medibank share price has gained almost 20% in the past year.

Shares in Medibank are up around 6% in the past week, while they are up more than 5% in the past month.

The company has a market capitalisation of about $9.8 billion based on the current share price.

The post Medibank (ASX:MPL) share price shrugs off further questions over profit paybacks appeared first on The Motley Fool Australia.

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• ASX 200 (ASX:XJO): Woolworths withdraws API proposal, tech shares rebound

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The National Australia Bank Ltd. (ASX: NAB) share price shot the lights out last year, cementing one of its best performances since 2013.

Shares in the big four banking constituent surged 27.6% to $28.84 by the end of 2021. For comparison, the S&P/ASX 200 Index (ASX: XJO) gained 13%. Based on this information, shareholders of the 40-year-old enjoyed a substantial outperformance of the benchmark even before dividends.

So, what transpired in 2021 to give NAB shares an extra boost above the rest?

Earnings rebound puts NAB share price back on the menu

NAB shares bounced back strongly early into last year as economies kicked back into action. The National Australia Bank wasn’t alone in witnessing this economic trend, other major banks also caught the wave of economic improvement.

The first quarter of FY21 provided the initial indication of better times for the NAB share price. In its release, NAB posted a $1.7 billion unaudited statutory net profit. Additionally, credit impairment charges fell 98% compared to the second half of FY20. This removed a large, lingering, and gloomy cloud over the major bank — helping improve sentiment towards NAB shares.

Yet, the rebound in earnings did not end with the first quarter. Instead, each of the succeeding quarters in 2021 resulted in NAB’s 12-month trailing earnings rising. By the time the 2021 full-year results came around in November, NAB was back to pre-pandemic revenue and profits.

In specific terms, the second-largest major bank reported cash earnings of $6,558 million in FY21. Impressively, this represented a 76.8% increase on the previous year.

Banking on a bigger future

Last year also involved a couple of notable acquisitions for ASX-listed NAB. In January, the NAB share price was in focus after the bank announced its agreement to acquire Australian neobank 86 400. The move is in line with the bank’s mission to develop a leading digital bank.

The 86 400 acquisition received approvals from the courts and regulatory bodies in May. From there, the scheme became effective from 12 May 2021, with implementation on 19 May. For reference, NAB paid $220 million for the digital banking land grab.

Backing this up was another acquisition announced in August last year. This time it was the Australian consumer business of Citigroup. The deal valued at $1.2 billion sent the NAB share price higher upon release to the share market.

The post What made the NAB (ASX:NAB) share price so appealing in 2021? appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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. 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 SDI Limited (ASX: SDI) share price is having a rocky day on the market despite the company announcing record sales in a trading update today.

Despite the sales boost, shares in the dental manufacturer dropped as low as 16% before rebounding in early afternoon trade

At the time of writing, the SDI share price is down 10.19% at 92.5 cents apiece.

Resumption in dental work a key driver of sales

Today’s trading update announced a 26% increase in unaudited global sales for the six months ending 31 December 2021 to $46.2 million.

That compares to $36.8 million in sales for the same period last year and represents a record first-half performance for the company.

SDI believes the resumption of normal trading conditions last year were a key driver of the sales increase, with the exception of the New South Wales and Victorian markets due to their extended COVID-19 lockdowns.

But the company reported it has been affected by higher logistics costs in the first six months of FY22 due to the disruption in global freight activities. SDI says this has impacted gross product margins by 7%.

Despite strong sales in its Australian direct exports and in Brazil, up 65% and 66% respectively, these are lower margin regions for the company.

Overall, total gross product margins for the first half of FY22 fell by 12% to 53%, compared to 65% for the prior corresponding period.

It seems investors reacted negatively to news of an expected fall in net profit. SDI reported its net profit (after tax) for the period will be between $2.5 to $3 million, compared to $4.6 million for the same time the year prior.

The company’s half-year results will be released on 17 February.

SDI is a Victorian-based manufacturer of specialised dental equipment sold in more than 100 countries.

SDI share price snapshot

Over the last 12 months, the SDI share price has increased by 26% although it has dropped almost 10% in the past month.

The company has a market capitalisation of $112 million and a price-to-earnings ratio (P/E) of 21.11.

The post Why the SDI (ASX:SDI) share price is falling 10% today appeared first on The Motley Fool Australia.

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Motley Fool contributor Alice de Bruin 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 SDI 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 S&P/ASX 200 Index (ASX: XJO) is having a tough day on Tuesday. In afternoon trade, the benchmark index is down 0.6% to 7,400.9 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

ARB Corporation Limited (ASX: ARB)

The ARB share price is down 12% to $46.61. Investors have been selling the 4×4 parts company’s shares after it was downgraded by analysts at Credit Suisse. According to the note, Credit Suisse has downgraded its rating to underperform with a price target of $38.00. While the broker is predicting a strong result in February, it expects margin pressure and slower growth thereafter.

Inghams Group Ltd (ASX: ING)

The Inghams share price is down 6% to $3.31. This follows the release of a disappointing trading update this morning. According to the release, the poultry producer revealed that COVID-19 and elevated feed costs are impacting its performance. Management also warned that it is not currently possible to predict how long this disruption will continue.

James Hardie Industries plc (ASX: JHX)

The James Hardie share price is down 3% to $49.37. This decline may have been driven by a broker note out of Morgan Stanley. Its analysts have downgraded the company’s shares to an equal weight rating and cut the price target on them to $58.00. The broker made the move in response to the surprise exit of its CEO and slowing US housing.

SDI Limited (ASX: SDI)

The SDI share price has tumbled 10% to 92.5 cents following the release of a trading update out of the dental products company. While SDI expects to report a 26% increase in half year revenue to $46.2 million, it warned that its margins have been impacted by supply chain issues. As a result, first half net profit is only expected to be between $2.5 million and $3 million. This is down from $4.6 million a year earlier.

The post Why ARB, Inghams, James Hardie, and SDI shares are sinking 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 ARB Corporation Limited and SDI 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing, the benchmark index is down 0.5% to 7,406.9 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

BrainChip Holdings Ltd (ASX: BRN)

The BrainChip share price is up 7% to $1.10. This morning the artificial intelligence technology company responded to a speeding ticket from the ASX. BrainChip suggested that its incredible rise in 2022 may have been driven by recent media coverage. This includes the reports that the company’s Akida chip has been used in a Mercedes concept car.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price is up 5% to $6.51. Investors have been buying the sports betting company’s shares after it announced a deal with the NHL Alumni Association (NHLAA). PointsBet Canada has become the exclusive sports betting partner of the NHLAA in Canada and also an official partner of the association in the United States.

PolyNovo Ltd (ASX: PNV)

The PolyNovo share price has rocketed 25% higher to $1.79. This follows the release of a first half sales update from the medical device company. According to the release, following a strong second quarter, PolyNovo expects to report first half group sales growth of 45% to A$16.28 million (excluding Barda revenue). A strong performance in the US underpinned this growth.

Syrah Resources Ltd (ASX: SYR)

The Syrah share price has jumped 11% to $2.06. This is despite there being no news out of the graphite producer. However, investors have been buying the company’s shares in recent weeks after it announced a deal with electric car giant Tesla. The Syrah share price hit a multi-year high just after lunch.

The post Why BrainChip, PointsBet, PolyNovo, and Syrah shares are pushing 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 POLYNOVO FPO and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet 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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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:

A2 Milk Company Ltd (ASX: A2M)

According to a note out of Citi, its analysts have retained their buy rating and $7.30 price target on this infant formula company’s shares. The broker remains positive on A2 Milk due to its strong brand health in China and improved inventory position. Citi is also optimistic that management’s new strategy will support its performance in the coming years. Particularly if other struggling foreign brands decide to exit China. The A2 Milk share price is trading at $5.51 on Tuesday.

Costa Group Holdings Ltd (ASX: CGC)

A note out of Macquarie reveals that its analysts have retained their outperform rating but trimmed their price target on this horticulture company’s shares to $3.41. While the broker has reduced its earnings estimates to reflect new leases, it isn’t enough to change its positive view. Macquarie continues to believe that weakness in the Costa share price in 2021 is a buying opportunity this year. The Costa share price is fetching $2.97.

Incitec Pivot Ltd (ASX: IPL)

Analysts at Morgan Stanley have retained their overweight rating and $4.30 price target on this agricultural chemicals company’s shares. This follows news that the company is acquiring European rival Titanobel. Morgan Stanley believes this is a good move by management. And while the European market is not a quick-growing one, the broker expects the synergies to boost its earnings. The Incitec Pivot share price is trading at $3.43 this afternoon.

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

More reading

• Why you shouldn’t expect the A2 Milk (ASX:A2M) share price to bounce back in 2022
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• Analysts tip A2 Milk (ASX:A2M) and this share as buys
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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 A2 Milk and COSTA GRP FPO. 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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