The Angel Seafood Holdings Ltd (ASX: AS1) share price is charging ahead today amid news of a potential sell-off.

Shares in the company are swapping hands at 18 cents at the time of writing, up 44%. They reached an intraday high of 19 cents about an hour after market open.

Angel Seafood is a South Australian producer of fresh oysters in the town of Coffin Bay.

What may be impacting the share price?

Angel Seafood received an offer from Laguna Bay Group Pty Ltd to buy all of its shares at 20 cents apiece.

That’s a 60% boost to Angel’s last closing share price of 12.5 cents a share on Friday.

It’s also a 50% gain on the company’s average share price in the 30 days leading up to it.

Laguna Bay Group Pty Ltd manages the valuation, development, and acquisition of agricultural assets for institutional investors.

Angel informed investors there is no guarantee the proposal will lead to a binding offer or share agreement.

However, the company believes it to be in the interest of shareholders to consult with Laguna Bay on the potential deal.

Angel has entered into an exclusivity deed and a cost letter with Laguna Bay to provide it with the opportunity to conduct due diligence and receive regulatory and investor approval.

In a statement approved by the company board, Angel Seafood said:

Following careful consideration, and consultation with its advisers, the board of Angel considers that it is in the best interests of Angel’s shareholders to engage further with Laguna Bay on the indicative proposal.

Angel Seafood share price snap shot

The Angel Seafood share price has surged nearly 9% in the past 12 months.

This has been boosted by a 32% lift in the past month and a 42% rise in the past week.

The seafood producer and seller has a market capitalisation of nearly $30 million.

The post Angel Seafood (ASX:AS1) share price rockets 44% on takeover news 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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The Bardoc Gold Limited (ASX: BDC) share price is roaring higher following the announcement of a takeover offer and spinout plan.

Fellow ASX gold producer St Barbara Ltd (ASX: SBM) has posed an all scrip offer, valuing the company’s stock at 53 cents apiece. The companies have also agreed to spinout Bardoc Gold’s manganese project.

At the time of writing, the Bardoc Gold share price is 46.5 cents, 13.4% higher than its previous close.

On top of that, the news sent the company’s stock to a new 52-week high of 49 cents earlier today, representing a 19.5% gain.

While the Bardoc Gold share price is revelling in the acquisition proposition, Saint Barbara’s has slid 6.8% to trade at $1.37 at the time of writing.

Let’s take a closer look at the proposed takeover and spinout.

Bardoc Gold share price surges on takeover offer

Monday is proving to be a brilliant day for the Bardoc Gold share price. It’s rocketing on the back of a $157 million takeover offer.

If accepted, the offer will see Bardoc Gold shareholders receiving 0.3604 St Barbara shares for each Bardoc Gold security they hold.

The offer represents a 29.2% premium on Bardoc Gold’s previous close and a 34.7% premium on its 30-day volume-weighted average price.

The acquisition would see St Barbara shareholders owning around 87% of the resulting entity.

A spinout of Bardoc Gold’s South Woodie Woodie Manganese Project has also been proposed. Under the proposition, Bardoc Gold shareholders will wholly own the spun-out entity.

The spinout is subject to shareholder approval.

Meanwhile, the acquisition is conditional on several provisos, including shareholder and court approval.

Right now, the Bardoc Gold share price is around 6% lower than it was at the start of 2021.

What did management say?

Bardoc Gold chair Tony Leibowitz commented on the news driving the company’s share price today, saying:

In addition to creating a liquidity event, the transaction delivers a healthy premium and will give our shareholders approximately 13% per cent ownership of an enlarged St Barbara – providing exposure to a much larger, diversified international gold producer with operating assets and a strong development pipeline in Australia, PNG, and Canada. We believe there is excellent potential for a future market re-rating and value uplift.

At the same time, we have reached agreement with St Barbara to proceed with a spinout of our South Woodie Woodie manganese assets. This represents an exciting opportunity for Bardoc shareholders to receive shares via an in-specie distribution in a new battery metals-focused company led by one of the most experienced corporate teams in Australia with a proven track record in value-creation.  

The post Here’s why the Bardoc Gold (ASX:BDC) share price is rocketing 12% 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 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 Neometals Ltd (ASX: NMT) share price is heading north today following the commissioning of its battery recycling plant.

At the time of writing, the advanced materials company’s shares are up 1.46% to $1.05 apiece. In comparison, the All Ordinaries (ASX: XAO) is down 0.525 to 7,586.6 points.

Neometals edges closer to battery disposal recycling service

Investors appear pleased with the company’s latest update, sending the Neometals share price into positive territory.

In the release, Neometals advised its joint venture company, Primobius has successfully commissioned its commercial shredding plant in Hilchenbach, Germany.

Primobius is 50% owned by Neometals, with the remaining interest held by plant construction and mechanical engineering services company, SMS group.

The newly expanded shredding plant enables commercial operations to commence in the first quarter of 2022, subject to board approvals. This will see up to 10 tonnes per day of battery-grade metal sulphate chemicals safely recycled into new battery production.

Nonetheless, Primobius is continuing its operational readiness activities ahead of the receipt of its Federal environmental (emissions) licence. In addition, commercial battery disposal agreements are advancing. Primobius is focusing on potential partners and customers with direct access to large volumes of production scrap and end-of-life feedstocks.

Neometals managing director, Chris Reed commented:

Firstly, I’d like to congratulate SMS for delivering this showcase of German engineering, it heralds the entry of Primobius into the European battery supply chain.

Our solutions for the safe disposal and sustainable recycling of lithium-ion batteries coupled with our flexible business models make Primobius a compelling value proposition for potential customers and a formidable competitor to the incumbent recyclers.

Neometals share price snapshot

Over the past 12 months, the Neometals share price has rocketed 400%. Year to date has been just as impressive, up 300% over the period.

The company’s shares hit an all-time high of $1.19 this month, before slightly treading lower thereafter.

Based on today’s price, Neometals presides a market capitalisation of roughly $573.05 million, with approximately 548.38 million shares on issue.

The post Neometals (ASX:NMT) share price jumps on battery recycling update 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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As we’ve documented extensively here at The Motley Fool, 2021 has turned out to be a year of enormous success for the exchange-traded fund (ETF) sector. Last month, the BetaShares Crypto Innovators ETF (ASX: CRYP) broke ETF trading volume records on its first day of trading. We have seen record inflows and funds under management (FUM) several times this year. But we have also seen the ASX debut of many new ETFs. Just last week, the ASX welcomed the BetaShares Electric Vehicles and Future Mobility ETF (ASX: DRIV).

But could 2022 be even better for the ETF sector? ETF provider BetaShares certainly thinks so.

The fund manager has just released a new industry report into the ETF sector. It shows that “the Australian ETF market is set to continue to grow strongly next year”. The BetaShares/Investment Trends ETF Report 2021 found that the number of Australian investors who now hold one or more ETFs in their investment portfolios, ballooned in 2021. It rose 33% over 2020’s numbers. More than 1.73 million Aussies now hold an ETF in their portfolios.

2 million ETF holders in Australia…

However, the report finds that another 275,000 Aussies want to start using ETFs in the next 12 months or so. That would push the number of Australian investors holding an ETF to more than 2 million. That would be yet another record high if realised. Here’s some of what BetaShares CEO Alex Vynokur had to say on the report’s findings:

The data confirms that ETFs are increasingly the investment vehicle of choice for both experienced and first-time Australian investors seeking to build their wealth. A growing number of investors continue to be drawn to ETFs as a way of building their wealth and achieving their financial goals.

We’re also seeing that ETFs have reached mainstream adoption in Australia, with a notable rise in younger and increasingly female investors, who see value in a simple-to-access, transparent and cost-effective way of building their investment portfolios… 

2022 is shaping up for another strong year of growth, and I believe the industry is on track to hit $180 billion in FUM by the end of next year. [That’s] up from approximately $130 billion today.

Reportedly, the number of investors using ETFs as a ‘core’ of their portfolios was only 4% in 2019. But as of 2021, this has increased to 27%. Diversification has been a primary driver here, with ‘avoiding individual stock exposure risk’ and ‘saving time’ also contributing to ETF demand, particularly for newer investors.

So it looks as though ETFs are set to continue to blow the lights out on all fronts next year. If this report’s predictions come to pass, anyway. So make sure to keep an eye on the ETF sector next year. It looks like ETFs will remain one of the hottest trends on the ASX boards in 2022 as well.

The post Think 2021 was the ASX year of the ETF? 2022 might blow it out of the water appeared first on The Motley Fool Australia.

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• ASX 200 (ASX:XJO) midday update: Magellan shares crash 28%, CIMIC tumbles
• 5 unstoppable trends to invest $5,000 in for 2022
• Here’s why the Antipa Minerals (ASX:AZY) share price is sliding today
• Here’s why the Province Resources (ASX:PRL) share price is up 7% today
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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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At lunch on Monday, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. The benchmark index is currently down 0.4% to 7,276.8 points.

Here’s what is happening on the ASX 200 today:

Magellan shares crash lower

The Magellan Financial Group Ltd (ASX: MFG) share price has crashed to a multi-year low on Monday after announcing the termination of the St James’s Place mandate. The release notes that the mandate represents approximately 12% of the company’s current annual revenues. As a result, the termination of the mandate at this point in the financial year is anticipated to impact its FY 2022 revenues by 6%.

CIMIC shares tumble

The CIMIC Group Ltd (ASX: CIM) share price is also sinking on Monday. This follows allegations reported in the AFR of broken promises, extreme personal and financial hardship, and millions of dollars in unpaid wages from Australia’s biggest construction company. The CIMIC share price is trading at a 52-week low at lunch.

Energy shares drop

It has been a tough start to the week for energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL). Both energy shares have come under pressure after oil prices ended the week deep in the red. According to Bloomberg, on Friday night the WTI crude oil price dropped 2.1% to US$70.86 a barrel and the Brent crude oil price fell 2% to US$73.52 a barrel. The weakness in oil prices was caused by demand concerns relating to rising Omicron cases and lockdowns.

Best and worst ASX 200 performers

The Viva Energy Group Ltd (ASX: VEA) share price is the best performer on the ASX 200 on Monday with a 3% gain. This morning the fuel retailer revealed that it expects its earnings to almost double in FY 2021. The worst performer by some distance has been the Magellan share price with a 28% decline following its announcement.

The post ASX 200 (ASX:XJO) midday update: Magellan shares crash 28%, CIMIC tumbles appeared first on The Motley Fool Australia.

More reading

• Magellan (ASX:MFG) share price crashes 23% after losing major contract
• Is the Santos (ASX:STO) share price well oiled and gassed up for 2022?
• 5 things to watch on the ASX 200 on Monday
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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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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.

Think about personal computers in the early 1980s. The internet in the 1990s. Smartphones in the first decade of this century. All of them represented investing opportunities with tremendous potential.

You can’t travel back in time to buy the top stocks in these areas. However, there are still some areas that could be massive opportunities that you can invest in with a new year right around the corner. Here are five unstoppable trends to invest $5,000 in for 2022.

1. Artificial intelligence

Artificial intelligence (AI) has already become commonplace in our lives. Some of the ways are easy to spot, such as the virtual AI assistants on phones and home devices. Others aren’t as obvious — for example, many websites use AI to improve their product recommendations. But you can bet that AI is going to play an even bigger role in the future.

There are plenty of AI stocks that you could buy. I’d put Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) near the top of that list.

Data provides the fuel for AI apps — and Alphabet arguably has more data than any other company. Alphabet uses AI extensively in its apps. Its Waymo business is a leader in self-driving-car technology. And its DeepMind ranks as one of the leading researchers in advancing AI. 

2. Digital payments

Cash isn’t king anymore — at least not the physical kind. The adoption of digital payments is rapidly pushing cash or cheques to the side. Maybe these physical forms of payment won’t totally disappear anytime soon, but their use will almost certainly continue to decline.

PayPal (NASDAQ: PYPL) ranks as a top leader in digital payments. Its shares are down quite a bit from their highs this year. However, the long-term prospects for the company remain strong. PayPal has the most widely accepted online digital wallet. Its Venmo app is gaining momentum, especially with Amazon.com (NASDAQ: AMZN) beginning to accept it as a payment in 2022. 

The company should have plenty of growth opportunities ahead as digital payments are used more frequently in brick-and-mortar stores. In the war on cash, PayPal appears to be a five-star general.

3. E-commerce

E-commerce stands as one of the top growth drivers for the increased use of digital payments. But while people have been shopping online for more than two decades, e-commerce is still only in its early stages. That’s especially the case in emerging markets.

You won’t find many better e-commerce stocks to buy than MercadoLibre (NASDAQ: MELI) in serving emerging markets. The company is the e-commerce leader in Latin America. The e-commerce market share penetration in the region is expected to double within the next four years. MercadoLibre will probably be the biggest winner as this happens.

The company is also pioneering digital payments in Latin America with its Mercado Pago platform. It offers fulfilment services including logistics and warehousing for merchants as well. With its e-commerce dominance and other products and services, MercadoLibre could make investors a lot of money over the next decade and beyond.

4. Genomics

A genomics revolution is underway. The ability to unravel the secrets of DNA is changing healthcare. Diseases can be diagnosed more accurately and quickly. Therapies are being developed that harness the power of genomics to treat and even cure diseases.

You won’t have any problem finding stocks that could soar in this category. Vertex Pharmaceuticals (NASDAQ: VRTX), though, stands out as a top pick. The company currently enjoys a monopoly in treating the underlying genetic cause of cystic fibrosis. Its success in CF has enabled Vertex to build a promising pipeline.

Vertex and its partner, CRISPR Therapeutics, plan to file for regulatory approvals by the end of 2022 for a gene-editing therapy that effectively cures blood diseases beta-thalassemia and sickle cell disease. The big biotech is advancing a drug that targets the treatment of genetic kidney diseases into pivotal testing next year. And Vertex could even have a potential cure for type 1 diabetes in clinical development. 

5. Metaverse

It seems like nearly everyone is talking about the metaverse after Facebook changed its name to Meta Platforms and unveiled an ambitious strategy for building the virtual universe. Estimates vary on how much money might be made in the metaverse, but several analysts project the amount will be in the trillions of dollars annually.

Nvidia (NASDAQ: NVDA) should be front and centre as the metaverse market explodes. The company has already launched its Omniverse platform for 3D simulation and design collaboration. Nvidia CEO Jensen Huang thinks that one component of this platform — Omniverse Avatar — could have an addressable market of $40 billion per year.

But perhaps the biggest opportunity for Nvidia is in supplying the graphics chips that will be needed to power metaverse apps. The company’s graphics processing units (GPUs) are considered by many as the gold standard for gaming systems today. The metaverse seems likely to boost the demand for Nvidia’s GPUs in a huge way. Nvidia could look like a no-brainer stock to buy in retrospect as the metaverse becomes a reality.

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

The post 5 unstoppable trends to invest $5,000 in for 2022 appeared first on The Motley Fool Australia.

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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Keith Speights owns Alphabet (A shares), Amazon, MercadoLibre, Meta Platforms, Nvidia, PayPal Holdings, and Vertex Pharmaceuticals. The Motley Fool owns and recommends Alphabet (A shares), Alphabet (C shares), Amazon, CRISPR Therapeutics, MercadoLibre, Meta Platforms, Nvidia, PayPal Holdings, and Vertex Pharmaceuticals. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon, long January 2022 $75 calls on PayPal Holdings, and short January 2022 $1,940 calls on Amazon. 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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Shares in mining exploration company Antipa Minerals Ltd (ASX: AZY) are struggling to find range today and are now 4% in the red at 4.8 cents. That’s after reaching as low as 4.2 cents soon after open.

Antipa’s share price has been on the move as investors respond to a company announcement on its Wilki Farm‐in Project and Paterson Farm‐in Project exploration programmes. For reference, Newcrest Operations Limited and IGO Limited (ASX: IGO) respectively are fully-funding ongoing exploration activities at these sites.

With that in mind, let’s what Antipa advised on its exploration activities today.

What did Antipa Minerals announce?

The company gave an overview of its Wilki Newcrest Farm-in Project 2021 Exploration Programme Results Summary.

A total of 43 drill holes (7,422m awaiting assay results for 610m) testing 12 greenfield and 2 brownfield targets and fixed‐loop ground electromagnetic (FLEM) surveys were completed at 6 targets.

Reverse circulation (RC) drilling intersected narrow zones of gold/copper mineralisation. Several holes failed to achieve target depth due to abnormally high volumes of groundwater in conjunction with very deep oxidation profiles extending down up to 200m below the surface.

36 RC holes and diamond core — one diamond tail for 283m — (DD) drill testing of 12 greenfields SkyTEM aerial electromagnetic (AEM), magnetic and geochemical targets intersected minor zones of anomalous copper/zinc/lead and other pathfinder elements. However, no ore grade mineralisation was identified.

The company completed a programme of FLEM surveys (a total of 15 FLEM loops each generally between 200 to 300m in size) over 6 greenfield targets. It aimed to identify bedrock massive sulphide-related electromagnetic conductivity anomalies. The company identified Bedrock conductors at 3 sites with modelling ongoing.

The review and interpretation of the 2021 drill hole and geophysical exploration data will be considered in conjunction with historic data to enhance geological modelling. It’s hoped it will potentially identify further target areas for gold‐copper mineralisation. The review is ongoing.

Furthermore, the release notes the success of Antipa’s Exploration Incentive Scheme (EIS) application for diamond core testing of a “Havieron look‐alike partially co‐incident magnetic and gravity target”.

The Western Australian government subsequently awarded the company an EIS funding grant of $190,000.

With respect to the Paterson IGO Farm-in Project 2021 Exploration Programme, results are pending for the two major components of this year’s programme. These included a regional /project scale stratigraphic and geochemical air core drill programme, covering an area of approximately 350km2 – 168 holes for 11,346m. It’s also undertaking a soil geochemical sampling programme covering an area of approximately 650km2 from 2,589 samples.

Antipa says during the first quarter of next year, it will analyse the 2021 results in conjunction with other data sets to “define a tectono‐stratigraphic framework and identify and rank new greenfield exploration targets for direct drill testing in the CY 2022”.

Antipa Minerals share price summary

In the past 12 months, the Antipa Minerals share price has gained almost 14% after rallying more than 8% this year to date.

Over the last month, however, it has reversed course and is down almost 27% in that time.

The post Here’s why the Antipa Minerals (ASX:AZY) share price is sliding today appeared first on The Motley Fool Australia.

More reading

• Think 2021 was the ASX year of the ETF? 2022 might blow it out of the water
• ASX 200 (ASX:XJO) midday update: Magellan shares crash 28%, CIMIC tumbles
• 5 unstoppable trends to invest $5,000 in for 2022
• Here’s why the Province Resources (ASX:PRL) share price is up 7% today
• Up 20% in a month: Is the Fortescue (ASX:FMG) share price a buy?

The author has no positions 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 Province Resources Ltd (ASX: PRL) share price is on the move after the company provided a positive update today.

During market open, the minerals producer’s shares were fetching for an intraday high of 15 cents, up 7.14%. They have since given up some of those gains and now trade for 14.8 cents, up 5.36%.

What did Province announce?

Investors appear excited by the company’s latest announcement, sending the Province Resources share price higher.

In its announcement, the company advised its HyEnergy Project has been awarded lead agency status by the Western Australian government.

The official status enables a higher level of collaboration between a state agency and the company. As such, the Department of Jobs, Tourism, Science and Innovation (JTSI) will lead the facilitation on the project.

This will see more coordinated and streamlined support to assist the HyEnergy Project through the government approvals processes.

Recently, Province Resources lodged a Project Definition Document with the JTSI department, outlining key details of the project.

Earlier in the year, the company entered into a memorandum of understanding (MoU) with global renewable energy leader, Total Eren.

The framework paved the way for a feasibility study on potentially developing the proposed HyEnergy Zero Carbon Hydrogen project. This included installing up to an 8-gigawatt renewable power facility, and creating an integrated hybrid renewable energy capacity.

Province managing director, David Frances commented:

The formal appointment of the Department of Jobs, Tourism, Science and Innovation as lead agency will provide significant assistance in obtaining government approvals.

The decision also elevates the status of the HyEnergy Project as a significant development for the State, and one which will make a major economic contribution to the Gascoyne region and beyond.

We are thrilled with the support the HyEnergy Project is receiving from our major stakeholders as we progress this important green energy development.

About the Province Resources share price

It’s been an outstanding 12 months for Province Resources shares, delivering astronomical gains of 1,035% to investors.

On valuation metrics, Province Resources has a market capitalisation of $166.62 million, with about 1.13 billion shares on issue.

The post Here’s why the Province Resources (ASX:PRL) share price is up 7% 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 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 Fortescue Metals Group Limited (ASX: FMG) share price has gone up by 20% over the last month. But what about now, is the business worth buying?

Fortescue’s outgoing CEO, Elizabeth Gaines, has partly attributed the strength of the performance of Fortescue shares down to its expansion into green energy and other initiatives.

Fortescue CEO Elizabeth Gaines recently said according to The Australian:

If you track our share price over the last three, four years or longer, it will just match the benchmark. But more recently, in the last two to three months, we’ve seen that decoupling. We’ve actually outperformed the fall in the iron ore price and we outperform the peers.

What do analysts think of the Fortescue share price?

Different brokers have various ratings on the company.

Morgan Stanley currently rates the iron ore miner as a sell, with a price target of $14.05, suggesting a possible drop of the shares by around 25%. This broker is concerned about the direction of the iron ore price, leaving Fortescue vulnerable.

However, in the exact opposite of those thoughts, the broker Macquarie Group Ltd (ASX: MQG) believes that Fortescue is a buy because China could enact policies that help the iron ore price. The price target is $21 – around 10% higher than where it is today.

Morgans’ current rating on the business is a ‘hold’. However, whilst it did recently significantly lift its price target to $16.90, the broker is not a fan of the shift to renewables by the company. There are opportunities in other resources, or at least focusing on its core competency of iron.

Expectations of a big dividend

There may be questions about what direction the Fortescue share price is headed, but brokers are expecting a big dividend in FY22.

Morgans thinks that Fortescue’s grossed-up dividend yield this financial year is going to be 9.7%.

Macquarie has estimated that Fortescue’s grossed-up dividend yield for FY22 is going to be 14.9%.

That adds to the large dividends that Fortescue has already paid over the last couple of years.

Fortescue Future Industries (FFI) is making progress

FFI has been announcing some sizeable deals in recent months.

For example, it has announced with the Queensland Government the construction of the world’s largest electrolyser, renewable industry and equipment factory at Gladstone.

FFI said that the global green energy manufacturing centre (GEM) will be the first step in a series of projects. The GEM will be delivered in specialist production lines according to the requirements of FFI and its customers, including the manufacture of wind turbines, long-range electric cabling, solar photovoltaic cells, electrolysers and associated infrastructure.

Subject to customer demand, the total investment could be up to AU$1 billion, or more, as orders firm for electrolysers and other green industry equipment. The initial electrolyser investment is expected to be up to AU$114 million, with the first electrolysers scheduled for production in early 2023.

Another announcement that could be affecting the Fortescue share price was the announcement that FFI will become the largest supplier of green hydrogen to the United Kingdom after signing a multi-billion-pound deal with construction giant J C Bamford Excavators (JCB) and Ryze Hydrogen (Ryze).

Fortescue Future Industries said JCB and Ryze will purchase 10% of FFI’s global green hydrogen production. FFI’s green hydrogen production is expected to grow to 15 million tonnes of green hydrogen per year by 2030 and then to 50 million tonnes per year in the following decade.

The post Up 20% in a month: Is the Fortescue (ASX:FMG) share price a buy? appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison owns Fortescue Metals Group Limited. 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 Humm Group Ltd (ASX: HUM) share price is shooting higher on Monday morning.

At the time of writing, the financial services company’s shares are up 16% to 86 cents.

Why is the Humm share price shooting higher?

Investors have been bidding the Humm share price higher this morning after the release of a promising announcement.

While the initial purpose of the announcement was to reveal the exit of its Chair, Andrew Abercrombie, it included a piece of information that got investors excited.

In respect to the former, Mr Abercrombie has stepped down as Chair and will be replaced with Christine Christian AO.

What has got investors excited?

The Humm share price was given a major boost today after the company revealed that it has received approaches from third parties to acquire all or part of Humm Group.

No details on the approaches have been provided. However, the company intends to engage with these proposals to determine whether they are capable of becoming definitive offers that are in the best interests of the company and its shareholders.

The Humm Board has warned that there is no assurance that any transaction will occur. It also advised that it considers that the business is performing in line with expectations and that it has significant potential, both in Australia and overseas. Furthermore, the Board notes that the company remains profitable and has no corporate debt.

In light of this, it feels the company’s shares are undervalued by recent trading prices on the ASX and is keen to maximise value for all shareholders.

Humm’s Independent Chair, Christine Christian, commented: “On behalf of my fellow directors I thank Andrew for his service and his counsel as Chairman of the Group. Andrew was a founding shareholder of the original FlexiRent business some 20 years ago now and the Board continues to benefit from his insights and corporate knowledge. I look forward to working with my fellow directors to assess the proposals put before us and importantly, to support the management team as they implement the company’s strategy to grow the business profitably.”

The post Why is the Humm (ASX:HUM) share price jumping 16% 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 recommended Humm 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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