The Goodman Group (ASX: GMG) share price is storming higher on Tuesday morning.

At the time of writing, the global integrated property company’s shares are up 5.5% to $23.50.

Why is the Goodman share price rising?

Investors have been bidding the Goodman share price higher today following the release of its first quarter update.

According to the release, Goodman has made a strong start in FY 2022. This has been driven by the continuation of structural changes, significant customer demand, and intensification of use of sites in Goodman’s target markets.

Management notes that the consistent execution of its strategy has resulted in increased transactional activity and higher earnings certainty for the full year. This has led to Goodman upgrading its operating earnings per share growth guidance for FY 2022 to be in excess of 15%. This compares to prior guidance of 10% growth.

Other key metrics of note in Q1 include 3.2% like for like net property income (NPI) growth, 98.4% occupancy, $12.7 billion of development work in progress (WIP), and $62 billion of total assets under management (AUM).

Pleasingly, management notes that its outlook remains strong and expects its AUM to continue growing to around $70 billion by June 2022.

Digital economy drives strong growth

Goodman’s CEO, Greg Goodman, commented: “The results of the deliberate positioning of our portfolio over the last decade to adapt to and leverage the changes in the digital economy, are now being realised. Customer demand for high- quality properties close to consumers has never been greater.”

“This is resulting in rental growth, increased development activity, stronger than expected performance from our Partnerships and generally higher levels of profitability, leading to upgraded earnings guidance for FY22,” he concluded.

The Goodman share price is now up 22% in 2021.

The post Goodman (ASX:GMG) share price storms 5% higher on earnings guidance upgrade appeared first on The Motley Fool Australia.

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• 3 buy-rated blue chip ASX shares

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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As the market frets over persistent inflation and looming interest rate rises, it’s important to pick ASX shares to buy that can withstand macroeconomic shocks.

One expert is thus putting companies through 2 thematic filters to work out whether they’re worthy of stuffing into the Christmas stocking.

“Two themes we like right now are what we call Stable Compounders and Structural Winners,” said Montgomery Investment Management chief investment officer Roger Montgomery.

“And we have two preferred stocks – one in each theme – that we think will provide solid long-term returns.”

For the record, Montgomery personally believes inflation is not a huge threat to shares, as there will be counter-forces at play.

“The economy is cooling,” he said on the Montgomery blog.

“While investors may be more excited about the negative influence this potentially has on consumer demand and therefore consumer prices, a less obvious impact will come from these people gaining employment. An increase in labour supply will also place downward pressure on wages.”

Longer-term pre-COVID trends of decreasing unionised labour and automation will also conspire to keep a lid on inflation, added Montgomery.

Regardless, here are the 2 ASX shares Montgomery singled out as flag bearers for the ‘stable compounders‘ and ‘structural winners’ themes:

Australians still need petrol stations 

Stable compounders are businesses that offer “growth with a defensive element”.

“They tend to be in stable industries, are market leaders and are under-appreciated by the market.”

One example that Montgomery likes at the moment is Waypoint REIT Ltd (ASX: WPR), which is the landlord for many petrol station sites around Australia.

Its tenants include Coles Group Ltd (ASX: COL)/Shell, 7-Eleven and Liberty.

“Waypoint properties enjoy 100 per cent occupancy, a 10.5-year weighted average lease expiry (WALE) and 3 per cent weighted average rent reviews.”

The stability of its clientele provides for a very reliable income stream.

“Waypoint yields slightly more than 5%, which along with an estimated dividend per share growth equivalent to about 3%, offers a potential total shareholder return of 9%,” said Montgomery.

“Management also announced a $150 million capital return buyback on 30 July 2021 which is subject to the settlement from the sale of a portfolio of properties expected to occur this half.”

The icing on the cake is that Montgomery believes Waypoint is attractive as an acquisition target.

“Additionally, the potential for further revaluations exists with Waypoint’s book of properties appearing to be valued 20% below the prices similar properties are being transacted for in the open market.”

Waypoint shares are down 1.45% this year so far, although that’s only after losing 4.6% in the past 5 business days.

Australians will need more cloud

Structural winners are those ASX shares taking advantage of a long-term societal or consumer trend that is “agnostic” to economic health.

Montgomery named cloud computing and decarbonisation as two such structural trends, while declaring his fund owns shares in Macquarie Telecom Group Ltd. (ASX: MAQ).

“A data centre operator, it benefits from the trend toward cloud services, which is levelling the playing field for small businesses to compete globally and digitally,” he said.

“As the company expands its footprint, the market is also slowly understanding it can sell its last 10% of capacity for 10 times the price of its first 90%. And whether the economy grows or not probably matters little.”

Macquarie shares have risen an impressive 49.2% over the past 12 months.

ASX shares that are structural winners have rewarded investors with growth in the past 10 years, according to Montgomery, and “may continue to do likewise over the next decade”.

“We currently believe, notwithstanding the ever-present risk of a 10% to 15% setback, financial year 2022 will prove to be as lucrative as FY21.”

The post 2 ASX shares for the Christmas stocking appeared first on The Motley Fool Australia.

More reading

• Why this broker sees a 30% upside in the Macquarie Telecom (ASX:MAQ) share price

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 owns shares of and has recommended COLESGROUP DEF SET. 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 has been a difficult few months for the Fortescue Metals Group Limited (ASX: FMG) share price.

Since peaking at a record high of $26.58 in July, the mining giant’s shares have lost 46% of their value and are now trading at $14.33.

Is the Fortescue share price good value now?

While opinion remains divided on the Fortescue share price, one leading broker that appears to see it as dirt cheap is Bell Potter.

According to a note this morning, the broker has retained its buy rating but trimmed its price target to $19.75.

Based on the current Fortescue share price, this implies potential upside of 38% for investors over the next 12 months.

In addition, Bell Potter is forecasting a $2.25 per share fully franked dividend in FY 2022. This represents a 15.7% yield, extending the total potential return to almost 54% for investors.

What did the broker say?

Bell Potter was pleased with Fortescue’s recent first quarter shipments. It notes that the company’s record shipments of 45.6Mt at a C1 cost of US$15.25 per wet metric tonne (wmt) was in line with its estimate of 46Mt at US$15.36 per wmt.

However, taking some of the shine off the quarter was the increasing discount for its low grade ore.

Bell Potter commented: “If there was a negative from the result it was that price realisation in the September quarter dropped to 73% of the Platts 62% CFR index, from 84% qoq. This looks to have been driven by a combination of a lower grade product blend shipped by FMG and a qoq increase in pricing spread between the 62% Fe benchmark price and lower grade benchmarks.”

And while this and increasing Fortescue Future Industries costs have led to earnings estimate reductions, Bell Potter remains very positive on the Fortescue share price.

It explained: “Higher pricing discounts and increased costs expensed by Fortescue Future Industries (FFI) are the primary drivers of the changes to our earnings forecasts. Earnings for FY22, FY23 and FY24 are cut 8%, 1% and 6% respectively. Our FY22 dividend is lowered 8%, to A$2.25/sh and our NPV-based valuation is lowered 5%, to $19.75/sh. Strong free cash flows, good cost control and an ‘on-track’ production performance emphasise the quality of the business and we retain our Buy recommendation.”

The post This broker thinks the Fortescue (ASX:FMG) share price is dirt cheap 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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This month could be the perfect time to look at the two ASX shares in this article which may generate significant growth in FY22 and beyond.

Both of these companies are smaller than the ASX blue chips like Australia and New Zealand Banking Group Ltd (ASX: ANZ) and BHP Group Ltd (ASX: BHP). However, they may have the ability to produce more capital growth because of their smaller starting size.

Lovisa Holdings Ltd (ASX: LOV)

This is a business that sells affordable jewellery to customers.

It has over 500 stores across the world. Whilst the biggest number (153 at the end of FY21) is in Australia, it has growing store networks in Europe, Asia, the Middle East, South Africa, the UK and the USA. COVID-19 caused disruption to growth, but the company has plans to continue the rollout. The Beeline acquisition helped with the expansion into Europe, with 87 stores converted to Lovisa branding.

FY21 demonstrated rising profitability at various levels of the business. Revenue grew 18.9% to $288 million, pre AASB16 earnings before interest and tax (EBIT) increased 39.4% to $42.7 million and net profit after tax (NPAT) grew by 43.3% to $27.7 million. The company also returned to paying a dividend.

In the first eight weeks of FY22, the ASX share saw that total sales were up 56% year on year, despite lockdowns in some locations.

Whilst 2021 calendar year store opening growth is expected to be slowed due to logistics challenges, it’s focused on opportunities for increasing its store network and its digital presence. It currently has 551 stores.

The broker Morgan Stanley thinks that the company is a buy. It believes that the Lovisa share price is valued at 36x FY23’s estimated earnings.

Healthia Ltd (ASX: HLA)

As the name may suggest, Healthia is a healthcare business. It is aiming to build Australia’s leading diversified healthcare business across the divisions of ‘bodies and minds’, ‘feet and ankles’ and ‘eyes and ears’.

The company has a two-pronged approach to achieve growth.

The first is with its organic growth. It says its model has demonstrated the ability to accelerate organic growth as a result of a focus and investment in industry-leading education, tools and support for clinicians and team members. In FY20 it achieved organic revenue growth of 5.3% and in FY21 it was 9.1%.

The second area of growth is the ASX share’s acquisitions to expand and diversify its operations. Part of that strategy is to use ‘clinic class shares’ to retain and incentivise clinicians. These shares are non-voting, but entitle the holder to a share of any dividend declared.

One of the latest acquisitions has been Back in Motion (BIM) for a total cost of $88.4 million, being $64.6 million in cash and $16.1 million of clinic class shares, as well as $5.8 million of new shares and $1.9 cash payable after completion of the acquisition. BIM is one of the largest and fastest-growing physiotherapy businesses in Australia and New Zealand.

The BIM deal made Healthia the number one provider of physiotherapy services in Australia with a total of 122 physiotherapy clinics. In FY21, BIM generated underlying revenue of $62.9 million and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $12.3 million respectively.

In FY21, the Healthia business reported underlying revenue growth of 51.8% to $140.41 million and underlying EBITDA of $21.47 million (up 62.3%). Underlying net profit grew 91.4% to $8.86 million. The ASX share also paid a full year dividend of 4.5 cents per share.

The post 2 impressive ASX shares that could be buys in November 2021 appeared first on The Motley Fool Australia.

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• 2 compelling ASX shares that could be buys in October 2021

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The AMP Ltd (ASX: AMP) share price kicked up a notch in October. After hitting a multi-decade low of 88.5 cents the month before, it appears the company’s shares are bouncing back.

At Monday’s closing bell, the financial services company’s shares edged 1.85% higher to $1.10.

How did AMP shares fare in October?

Investors pushed the AMP share price higher last month. This came on the back of a positive third-quarter trading update from the company on 21 October. Its shares rose 4.02% that day to reach a 4-month high of $1.18.

For the month, AMP shares rose by just over 9%, which fared much better than the S&P/ASX 200 Index (ASX: XJO). The benchmark index fell by 0.12% in value over the period.

The company’s financial scorecard produced a largely positive performance.

The demerger program is scheduled for completion by the middle of FY22. This will see the transition of the Multi-Asset Group (MAG) from AMP Capital to AMP Australia, creating a superannuation and investment platform business.

AMP advised it will provide a further update on its progress regarding the demerger at an Investor Day on 30 November. In addition, the company will also lay out what’s ahead for the remaining financial year as well as FY22.

What do the brokers say?

Analysts at Citi last month reiterated their outlook to a neutral (high risk) rating for the AMP share price. The broker slapped a price target of $1.25 apiece, implying an upside of 13.6% on the current price.

However, the most recent note came from multinational investment bank, Macquarie Group Ltd (ASX: MQG). The firm put AMP shares on a neutral footing, with a price target of $1.10. Interestingly, investors seem to agree with Macquarie’s latest assessment based on the current AMP share price.

AMP share price review

Over the past 12 months, the AMP share price has fallen around 34% in value. It is also down by around 29% this year to date. When looking over a 5-year time frame, AMP shares are down by a sizable 75%.

AMP has a price-to-earnings (P/E) ratio of 33.90 and commands a market capitalisation of roughly $3.72 billion.

The post Why did the AMP (ASX:AMP) share price have such a great month in October? 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 owns shares of and 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 Westpac Banking Corp (ASX: WBC) share price was well and truly out of form on Monday.

The banking giant’s shares sank 7.5% to $23.78 following the release of its full year results.

Is the weakness in the Westpac share price a buying opportunity?

The team at Goldman Sachs aren’t convinced the Westpac share price weakness is a buying opportunity.

So much so, this morning the broker downgraded the bank’s shares to a neutral rating and cut the price target on them by 11.5% to $25.60.

While this still offers decent upside of 7.5% for investors, the broker sees better value on offer elsewhere.

What did the broker say?

According to the note, Goldman was very disappointed with Westpac’s weak net interest margin (NIM) outlook and its expenses. It feels the latter makes it hard for the bank to achieve its $8 billion cost target by FY 2024.

This led to Goldman downgrading its earnings estimates meaningfully for the coming years.

It explained: “We revise our FY22/23/24E EPS by -6.0%/-9.1%/-9.5% driven by: i) a weaker NIM trajectory, ii) lower other operating income from asset sales and weaker markets, partly offset by iii) better performance on BDDs.”

“We downgrade WBC from a Buy to a Neutral highlighting the following key drivers: i) the significant reset in the margin at the 2H21 result provides a weak platform for revenue growth in FY22E; ii) with expenses disappointing in 2H21, we believe the potential for WBC to reach its FY24 cost target of A$8.0 bn should be more heavily discounted than previously was the case and we note that our like-for-like FY24E cost forecast is c. A$8.6 bn; iii) the benefits to non-interest income from increased economic activity are set to be offset by a loss of income from divestments, and iv) our revised TP offers only 7.5% upside,” the broker concluded.

The post Why this top broker downgraded Westpac (ASX:WBC) shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. 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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Could the Pilbara Minerals Ltd (ASX: PLS) share price be worth considering at today’s value? One broker has had their say.

What is Pilbara Minerals?

Pilbara Minerals is one of the largest lithium miners on the ASX, owning one of the largest hard-rock lithium operations. The Pilgangoora Project in Western Australia’s Pilbara region produces a spodumene and tantalite concentrate.

The company says it is pursuing a growth and diversification strategy to become a sustainable, low-cost lithium product, and fully integrated lithium raw materials and chemicals supplier in the years to come. Pilbara Minerals believes it can become a major player in the lithium supply chain.

It believes there will be increasing demand for clean energy technologies such as electric vehicles and energy storage as the world pursues a sustainable energy future.

Is the Pilbara Materials share price worth buying?

The brokers at Macquarie Group Ltd (ASX: MQG) thinks so, with a price target of $2.80. That implies a potential increase of the share price of more than 20% over the next 12 months, if the broker is right.

A key reason for Macquarie’s optimism is the strong price that lithium is experiencing, which should help Pilbara Minerals’ cashflow as it reaps the rewards of the strong lithium market.

It was on 26 October 2021 that Pilbara Minerals released the results of its third Battery Material Exchange (BMX) auction for spodumene.

A cargo of 10,000 dry metric tonnes (dmt) at a target trade of 5.5% lithia was presented for sale on the digital platform, with a deferred delivery date in February 2022.

There was strong interest in both the participation and bidding, with a broad range of buyers.

Parties placed 25 bids online during the 45-minute auction window, with the company considering the bidding to be “very strong” in light of the deferred delivery date.

Pilbara Minerals said that it intends to accept the highest bid of US$2,350 per dry metric tonne, which on a pro rata basis for lithia content (including freight costs) equates to a cost of approximately US$2,629 per dmt.

How is the lithium miner performing operationally?

The company’s quarterly updates can have an impact on the Pilbara Minerals share price.

For the three months to September 2021, the business saw a “strong” operational performance, delivering record operating cashflow.

It achieved record production of 85,759 dmt of spodumene concentrate, up 11% quarter on quarter from the FY21 fourth quarter. Spodumene concentrate shipments were 91,549 dmt, exceeding guidance of 77,000 dmt to 90,000 dmt. It also sold 36,876 lbs of tantalite concentrate.

In terms of project development, Pilbara Minerals said that the commissioning of the Pilgan processing plant improvement projects have commenced, with the first concentrate production achieved through the new filter press subsequent to the quarter end.

It has also commenced commissioning of the coarse production circuit, with first spodumene concentrate produced from the Ngungaju processing plant subsequent to the quarter end.

Finally, earthworks have progressed for the construction of a 6MW solar farm for the Pilgangoora Project with a power purchase agreement signed with Contract Power Australia after the quarter end.

Based on Macquarie’s projection, the Pilbara Minerals share price is valued at 15x FY23’s estimated earnings.

The post Is the Pilbara Minerals (ASX:PLS) share price a buy today? 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 owns shares of and 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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With the ASX’s first cryptocurrency-themed exchange-traded fund (ETF) listing on Thursday, digital tokens have broken through a new barrier for mainstream acceptance.

But there are still plenty of sceptics who can’t believe assets with no intrinsic value, like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), can maintain their ballooning valuations.

But one prominent venture capitalist has declared his faith that cryptocurrencies will eventually take over the world.

‘Rorting by the powerful’: The injustices of the SWIFT network

According to MH Carnegie founding partner Mark Carnegie, the traditional global money transfer system SWIFT moves around $140 trillion each year.

And he reckons the institutions that run the SWIFT network charge extortionate fees as an international monopoly.

“It’s essentially a casino that is completely rigged by the incumbent banks and the central banks of the world to leg over consumers everywhere,” he told Switzer TV Investing.

“This is purely and simply rorting by the powerful.”

Moving money from A to B in the era of electronics should not cost as much — or take as long — as the SWIFT network does, according to Carnegie.

“If you’re trying to send money to your cousin or your aunt in another country, the money leaves your bank account, [then] arrives somewhere else 3 days later,” he said.

“You get charged fees you don’t understand for reasons which you can’t understand.”

And for many decades, you had no other choice.

But in the past 10 years or so, cryptocurrencies were developed to resolve exactly this injustice.

“Crypto said ‘that’s absolutely ridiculous’. There’s just a couple of entries in a computer file — costs you virtually nothing to do it,” Carnegie said.

“We can attack the [$140] trillion and do it for a fraction of the cost.”

Cryptocurrencies aren’t about those living a comfortable middle-class life

Carnegie pointed out that for the majority of people in developed nations, the choice between SWIFT and cryptocurrencies might not mean much.

But for the billions living in less developed countries priced out of traditional banking, cryptocurrencies could be “life changing”.

“For me, crypto moves from the outside in. It moves from the marginal economies of the world to the mainstream,” said Carnegie.

“I don’t think, given how efficient it is, it’s stoppable at this point… The run is on.”

Authoritarian states, like China, can try to ban cryptocurrencies to crack down on financial transactions they don’t have oversight on. 

But it doesn’t matter, said Carnegie.

“Truth be told… all the miners have moved to different countries. All the guys who understand this area have moved to Singapore.”

‘The world was willing to turn upside down for 30,000 really rich people’

For Carnegie, the global financial crisis 13 years ago really brought home how, ultimately, the regulators are perversely controlled by the giant finance institutions.

“There’s a phrase out there called ‘regulatory capture’ which is when the regulators get captured by the industry,” he said.

“What you saw in the 2008 GFC was that the world was willing to turn upside down for 30,000 really rich people at the same time as they weren’t willing to do anything about climate [change].”

And this triggered the rage the founders of cryptocurrencies felt in creating money that wasn’t controlled by central authorities.

“They just said: ‘This is rigged for the rich and we’re not going to cop it anymore’.”

Now there are 3 camps fighting for future supremacy, according to Carnegie.

“There are the people around Ethereum, with this guy Vitalik Buterin. There’s 2 brothers who run a business called Stripe out of San Francisco… And there’s the incumbent banking system.”

He knows which horse he’d be backing.

“You have 2 people who could be odds-on favourites for the Cox Plate, and one horse with 3 legs,” he said.

“Unfortunately, the incumbent bankers have not a chance in this fight.”

Carnegie has literally bet on the race, with his venture capital funds invested in a business named Crypto Gaming United.

That business is a cryptocurrency play-to-earn platform with the majority of its gamers based in the Philippines, according to Bloomberg.

The post Here’s why cryptocurrencies could take over the world: expert appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo owns shares of Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. 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 prospect of persistent inflation and rising interest rates has deflated enthusiasm for growth shares, especially in technology.

However, the ASX still offers up some gems if you know where to look (or who to ask).

Wilsons investment advisor Peter Moran this week nominated a couple of ASX tech shares that he likes the look of:

ASX share with ‘recurring revenue and strong margins’

ReadyTech Holdings Ltd (ASX: RDY) is a maker of people management software with clients in many industries, although it rakes in much of its revenue from the education sector.

Its shares have risen 82% this year and the business has a market capitalisation of more than $400 million.

But it doesn’t seem to attract much attention. The last we heard on The Motley Fool, the stock was charging higher back in September after a strategic acquisition.

Moran reckons the software maker deserves more kudos, according to The Bull.

“This software-as-a-service business is attractive for its high levels of recurring revenue and strong margins. Both are driven by the quality of its software.”

He is rating the stock as overweight while forecasting further growth.

“ReadyTech recently highlighted a potential opportunity to move existing payroll customers to a new superior product that’s more profitable.”

According to CMC Markets, 3 of 4 analysts rate ReadyTech as a strong buy, with the other broker labelling it as a moderate buy.

Tech business that’ll be cash flow positive this year

Shares for fintech Plenti Group Ltd (ASX: PLT) struggled initially after floating in September last year.

But in 2021, the stock has steadily headed up to show a return of 22% so far.

This is another ASX tech share that’s gone under the radar somewhat, with just 3 analysts covering the business.

According to CMC Markets, 2 of them rate Plenti as a strong buy with the third analyst rating it as a moderate buy.

Moran agrees that it’s a tempting purchase at the moment.

“We expect Plenti to reach a $1 billion loan book and become cash flow positive by the end of December this year,” he said.

“Our rating is overweight.”

Last month’s performance update for the second quarter showed encouraging signs, according to Moran. Plenti shares actually headed up 7% on the day.

“The second quarter update confirmed continuing strong loan origination across all three of its lending segments. Loan origination increased from $3.3 million a day in the first quarter to $3.9 million a day in the second quarter.”

The Sydney company now has a market capitalisation of $238.5 million.

The post 2 ASX tech shares I’d buy right now: expert appeared first on The Motley Fool Australia.

More reading

• Why the Plenti (ASX:PLT) share price is soaring 7% today

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Readytech Holdings Ltd. The Motley Fool Australia has recommended Readytech 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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If you’re wanting to add some ASX dividend shares to your portfolio, then the two listed below could be ones to consider.

Here’s why analysts are positive on these dividend shares:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is this footwear focused retail group behind popular store brands such as The Athlete’s Foot, HYPE DC, and Platypus. The company has also recently acquired Glue Store and has a number of fledgling store brands with the potential to grow their footprints materially in the future.

While FY 2022 will be a tricky year because of lockdowns and a strong comparable period a year earlier, the future remains very bright. This is due to the popularity of its brands and its expansion opportunities.

The team at Bell Potter are very positive on the company. The broker currently has a buy rating and $2.90 price target on its shares. Its analysts are also forecasting dividends per share of 9.3 cents in FY 2022 and 13.3 cents in FY 2023.

Based on the latest Accent share price of $2.46, this represents yields of 3.8% and 5.4%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another dividend share to consider is Australia’s largest telco, Telstra. After several disappointing years of earnings declines and dividend cuts, Telstra’s outlook is now the best it has been in over a decade.

This is due to the success of its T22 strategy and the recent announcement of the T25 strategy that will replace it. Telstra’s CEO, Andrew Penn, highlighted that T22 was based on transforming the company, whereas T25 will be about driving growth.

And the company certainly has some bold targets. Telstra is aiming for sustained growth and value by targeting mid-single digit underlying EBITDA and high-teens underlying earnings per share compound annual growth rates (CAGR) from FY 2021 to FY 2025.

Since then, it has announced a deal with the government to acquire Digicel Pacific. This is expected to boost its earnings further in the coming years.

The team at Goldman Sachs are very positive on the company. Goldman currently has a buy rating and $4.40 price target on its shares. The broker is also forecasting 16 cents per share dividends for FY 2022 and FY 2023, before an increase to 18 cents per share in FY 2024 and then 19 cents per share dividend in FY 2025.

Based on the current Telstra share price of $3.92, this will mean yields of 4.1% for the next couple of financial years.

The post 2 excellent ASX dividend shares named as buys appeared first on The Motley Fool Australia.

More reading

• 4 reasons the Telstra (ASX:TLS) share price could be in the buy zone
• Brokers rate these 2 ASX dividend shares as top buys today
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• 2 top ASX dividend shares with 4%+ yields
• These 3 ASX 200 shares are topping the volume charts this Thursday

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 owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Accent Group. 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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