The Kogan.com Ltd (ASX: KGN) share price is out of form and trading lower on Monday.

In afternoon trade, the ecommerce company’s shares are down 1% to $10.46.

This means the Kogan share price is down 46% since the start of the year.

Why is the Kogan share down 46% in 2021?

Investors have been selling down the Kogan share price this year after its strong performance during the early stages of the pandemic reversed.

This was driven by management failing to predict a sharp slowdown in sales after bricks and mortar stores reopened.

This ultimately led to the company having a significant inventory excess and, at times, nowhere to put it. The latter resulted in the company incurring millions of dollars in demurrage costs for stock that was stuck at ports.

In light of this, Kogan reported a net profit after tax of just $3.5 million for FY 2021, down 86.8% year on year, and decided to suspend its dividend.

Is this a buying opportunity?

One leading broker that believes the Kogan share price has fallen to an attractive level is Credit Suisse.

In response to its full year results last month, the broker retained its outperform rating but cut its price target down to $14.06.

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

According to the note, the broker acknowledges that its elevated cost case could take a bit of time to normalise. However, it believes it is worth sticking with the company.

Credit Suisse remains positive on the company due to its private label business and its long term growth potential thanks to its strong market position and the shift to online shopping.

All in all, while the Kogan share price performance has been very disappointing over the last 12 months, the broker appears optimistic the next 12 months will be much more positive.

The post The Kogan (ASX:KGN) share price has shed 46% this year. Is it a buy? 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 shares of and has recommended Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com 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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ASX investors looking to diversify their portfolio might turn to exchange-traded funds (EFTs) such as those offered by Vanguard.

And for Australians interested in benefitting from global markets but not sure where to start, the Vanguard MSCI Index International Shares ETF (ASX: VGS) could be seen to be a great option.

As with all EFTs, Vanguard’s International Shares ETF is a collection of securities that can be traded like a share. However, this one is focused on international markets, housing a whopping 1505 stocks.

Right now, an investor can get their hands on a piece of the EFT for $101.69. Also worth noting is the fund’s 1.58% dividend.

So, what companies are holders of Vanguard’s International Shares ETF backing? Let’s take a look.

What stocks make up the Vanguard International Shares EFT?

There are 5 stocks that each make up more than 1% of the Vanguard International Shares EFT. Interestingly but not surprisingly, they’re all housed on the NASDAQ exchange and need no introduction.

They are Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. Common Stock (NASDAQ: FB), Alphabet Inc Class C (NASDAQ: GOOG), and Alphabet Inc Class A (NASDAQ: GOOGL).

They make up around 4.6%, 3.5%, 2.4%, 1.4%, 1.4%, and 1.3% of the EFT respectively.

Tesla Inc (NYSE: TSLA) comes in just short, making up 0.9% of the EFT’s holdings.

Other recognisable stocks held by the Vanguard International Shares EFT are Johnson & Johnson (NYSE: JNJ), Visa Inc (NYSE: V), PayPal Holdings Inc (NASDAQ: PYPL), and the currently renown Pfizer Inc. (NYSE: PFE).

Further down the EFT’s holdings rank are companies from the United Kingdom, Canada, Japan, the Netherlands, France and Switzerland, among others.

Those interested can find the list of the EFT’s 1505 holdings here.

Now, perhaps the most important question…

How has the EFT performed lately?

The Vanguard MSCI Index International Shares EFT has been doing well on the ASX lately.

It is currently trading for 21% higher than it was at the start of 2021 and 28% more than it was this time last year.

The post Own the Vanguard MSCI Index International Shares ETF (ASX:VGS)? Here’s what you’re invested in 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.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, 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 its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Facebook, Microsoft, PayPal Holdings, Tesla, and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson and has recommended the following options: long January 2022 $1,920 calls on Amazon, long January 2022 $75 calls on PayPal Holdings, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Facebook, PayPal Holdings, and Vanguard MSCI Index International Shares ETF. 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 Liontown Resources Limited (ASX: LTR) share price is soaring to new heights despite no news having been released by the company.

However, the mineral exploration and development company has been busy lately.

Its spin-off’s Initial Public Offering (IPO) is just weeks away and it’s enjoying its new spot on the S&P/ASX 300 Index (ASX: XKO).

Right now, the Liontown share price is $1.34, 18.14% higher than its previous close. That also represents a new all-time high for Liontown’s stock.

Let’s take a closer look at what Liontown has been up to lately.

What’s Liontown been up to lately?

The Liontown share price is taking off today despite the company’s silence. Here’s what it’s been up to lately.

Anticipation is continuing to build for the company’s planned spin-off’s ASX debut.

Liontown is spinning off its non-lithium assets into Minerals 260 Limited. As part of the spin-off, Liontown shareholders will receive 1 share in Minerals 260 for every 11.91 Liontown shares they hold.

Following the demerger, Minerals 260 will own the Moora Gold-Nickel-Copper-PGE Project and will have an option to earn a 51% interest in the Koojan Gold-Nickel-Copper-PGE Project, the Dingo Rocks Project, and tenement applications at Yalwest.

Minerals 260 is also waiting to float on the ASX on 11 October. Under Minerals 260’s prospectus, 60 million shares of the company were offered for 50 cents apiece.

Additionally, the Liontown share price might have been strengthened recently by its recognition as one of the ASX’s top 300 companies.

The company was one of 13 that made their way onto the ASX 300 Index as part of S&P Dow Jones Indices’ quarterly rebalance.

Liontown share price snapshot

It’s been a good year for the Liontown share price, which has gained 217% since the start of 2021.

It is also currently 685% higher than it was this time last year.

The post The Liontown (ASX:LTR) share price is leaping 18% to a new all-time high 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 Veem Ltd (ASX: VEE) share price is in freefall today following the company’s update on its capital raise.

During early afternoon trade, the marine technology company’s shares are down a sizeable 11.51% to $1.23. This means that since 3 September, its share price has lost close to 15%, hitting early August lows.

Veem completes capital raise

A catalyst to the falling Veem share price could be new shares coming onto the company’s registry.

According to the company announcement, Veem advised it has successfully raised $6 million before costs by a way of placement.

The offer received strong support from both institutional and sophisticated investors, subscribing for 5.1 million shares at $1.18 apiece. This represents a 15.1% discount to the last traded price on 8 September and a 10.3% discount to the 15-day volume-weighted average price.

Concurrent with the placement and investor demand, the company’s founders, the Miocevich family, have offloaded 11.9 million shares. The partial sell-down is expected to improve liquidity and the free float of Veem shares in the market.

Once the transaction is fulfilled, the Miocevich family will hold a controlling 50.4% interest in the company. No intention has been stated to sell any more shares in the near-term future.

In addition to the placement, Veem announced it will open a Share Purchase Plan (SPP) on 22 September. The pricing terms will be the same as the placement, with the intention to raise approximately a further $2 million.

Both proceeds will be directed towards a number of initiatives. These include funding research and development, sales and marketing to drive gyro sales growth and working capital.

Veem chair Brad Miocevich commented:

We are particularly excited about the very high demand from investors leading to a successful capital raising which will allow us to further invest in the gyrostabilizer business which is at the leading edge of the industry. The market is significant and over the past few years we have truly started to become recognised as the global leader. We now have the opportunity to ensure we deliver on this mission as well as the broader base of the business.

About the Veem share price

Over the last 12 months, Veem shares have climbed by more than 166% and, year-to-date, are up 51%. Despite today’s drop, the company’s shares have gradually increased over the long term to provide fruitful returns for investors.

Veem presides a market capitalisation of roughly $161 million and has 130 million shares on its registry.

The post Why the Veem (ASX:VEE) share price is sinking 11% 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 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 Australian Strategic Materials Ltd (ASX: ASM) share price is firmly in the red during early afternoon trade on Monday.

Australian Strategic shares are now exchanging hands at $10.88 apiece, a 9.41% drop from the open.

Despite this, Australian Strategic has been on a run of fundamental momentum lately that has weighed in on its share price.

Let’s investigate further.

What’s been driving the Australian Strategic Materials share price lately?

Australian Strategic Materials has aspirations to be a top level rare earths and critical metals supplier. As such, it has exposure to these assets already, which have been fetching a premium in the commodities markets lately.

Strengths in the broader commodity markets for metals to which the company has exposure is no doubt a key driving force for the Australian Strategic Materials share price lately.

Aside from this, the company advised it had entered into an exclusive framework with a consortium of South Korean investors. Under the agreement, the consortium has acquired an equity stake in the company.

Funds raised will be used to support the development of the company’s Dubbo project.

This is important because the Dubbo project is the major source of fuel in the company’s growth engine right now.

As a result, the Australian Strategic Materials share price soared to its all time high on the day of this announcement.

Adding to the momentum is that Australian Strategic Materials was added to the S&P/ASX 300 Index (ASX: XKO) after its quarterly rebalance.

The inclusion is no doubt a big move for the company’s shares, which would have met a number of tests.

Australian Strategic Materials share price snapshot

The Australian Strategic Materials share price has climbed 74% this year to date, extending the gain over the last 12 months to 457%.

Both of these results have outpaced the S&P/ASX 200 index (ASX: XJO)’s return of around 25% over the past year.

The post The Australian Strategic Materials (ASX:ASM) share price is sliding 7% on Monday appeared first on The Motley Fool Australia.

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The author Zach Bristow 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 Deep Yellow Limited (ASX: DYL) share price has surged more than 24% in today’s session.

Shares in the uranium explorer have fired to record highs as the uranium sector heats up.

Let’s take a closer look at the Deep Yellow share price.  

What’s propelling the Deep Yellow share price higher?

Deep Yellow has not released any price-sensitive news to explain today’s eccentric price action.

Instead, shares in the uranium explorer have propelled higher thanks to a single catalyst.

The uranium sector as a whole has been on fire recently as spot uranium prices soar to 7-year highs.

Following a prolonged bear market, the uranium spot price has bolted in the past month to hit highs of approximately US$35/lb.  

A major driver has been the aggressive buying of the world’s largest uranium fund, Sprott Physical Uranium Trust.

As a result, the resurgence of spot prices has initiated a buying frenzy for ASX shares in the uranium sector such as Deep Yellow.

More Deep Yellow

Deep Yellow explores uranium mineral properties and has pre-development activities in Namibia and the states and territories of Australia. 

The company has various exploration prospects, in particular its cornerstone Tumas Project in Namibia.

Deep Yellow recently completed drilling at its Tumas 1 East site. The company reported an impressive conversion rate of inferred mineral resources to indicated mineral resources of 102%.

In addition, the company noted that the drilling program could see the project achieve its Life of Mine (LOM) object of 20 years.

Deep Yellow also noted that its robust resource base will help support its upcoming definitive feasibility study.

Snapshot of the Deep Yellow share price

The Deep Yellow share price has been bordering on vertical in the past month.

In addition to today’s stellar price action, shares in the uranium explorer have surged more than 50% since the start of September.

At the time of writing, shares in Deep Yellow are trading just shy of their intra-day and record high of $1.215.

The post Deep Yellow (ASX:DYL) share price surges 24% to record highs appeared first on The Motley Fool Australia.

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Motley Fool contributor Nikhil Gangaram 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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Motley Fool Australia Chief Investment Officer Scott Phillips joined Weekend Sunrise on Sunday to discuss the RBA’s confident and optimistic outlook for the Australian economy, despite lockdown job losses. And where we’ve been spending our money…

The post Job losses, but the RBA remains confident. Scott Phillips on Weekend Sunrise appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips 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 Sydney Airport Holdings Pty Ltd (ASX: SYD) share price has jumped 5% after the airport company received another takeover bid.

What is the new offer?

Readers may remember that roughly a month ago that a consortium, which included IFM Investors and QSuper, lobbed a revised bid for the company of $8.45 per share, which was an increase from the first offer of $8.25. Those bids were not high enough to get the Sydney Airport boards interested.

That consortium has come back with another bid of $8.75 for the business. This bid is also indicative, conditional and non-binding. The terms and conditions are consistent with the offer last month.

After taking advice and considering all the relevant factors, Sydney Airport said it intends to grant the investment consortium with the opportunity to conduct due diligence on a non-exclusive basis to enable it to put in a binding proposal.

This due diligence is expected to take approximately four weeks after entering into a non-disclosure agreement.

Will Sydney Airport accept this offer?

The company said that if the consortium makes a binding offer at a Sydney Airport share price of $8.75, then as long as the parties enter into an agreement acceptable to Sydney Airport (including the timeframe of the deal), then the boards said they currently intend to unanimously recommend that the takeover is approved by shareholders. However, that’s only if there are no better bids and an independent expert thinks it’s in the best interests of Sydney Airport investors.

The boards noted there is no certainty that there will be a binding offer from the consortium and investors don’t need to do anything at this stage.

Does the Sydney Airport share price fully reflect the offer?

Sydney shares are currently trading at $8.38, close to 5% higher than yesterday.

However, the Sydney Airport share price is still around 4% lower than the indicative offer price of the bid. But, a lot of things still need to happen before a potential takeover process is completed.

Passenger traffic continues to be impacted by COVID-19 effects. In July 2021, there were only 69,000 of domestic passengers (down 75.1% year on year) and 33,000 of international passengers (down 20.9%). That meant the total passengers were down 67.9% to 102,000. In 2021 year to date, total passengers were down 37.4% to 6 million.

The post Sydney Airport share price soars 5% on latest takeover news appeared first on The Motley Fool Australia.

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

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ASX uranium shares are surging on Monday as spot prices boom to above US$40/lb for the first time in 8-years.

ASX uranium shares deliver double-digit gains across the board

The largest ASX-listed uranium player, Paladin Energy Ltd (ASX: PDN) is up 15% to 98 cents. Paladin owns the “globally significant” Langer Heinrich Mine in Namibia and is currently working towards restarting its operations.

Deep Yellow Limited (ASX: DYL) is another Namibian based player focused on progressing its prospective Tumas project. The Deep Yellow share price is currently 25.65% higher to an 8-year high of $1.20.

Peninsula Energy Ltd (ASX: PEN) made a strategic move to raise $15 million in May to purchase 300,000 pounds of uranium at US$31.35/lb. In addition to holding physical uranium, the company is looking to fast-track its US-based Lance Uranium project into production. At the time of writing, the Peninsula share price is up 25% to 27.5 cents.

Other ASX uranium shares include newly listed explorer 92 Energy Ltd (ASX: 92E) and large cap producer Energy Resources of Australia Limited (ASX: ERA) which are up 31% and 30% respectively.

Why is the uranium sector suddenly booming?

In the world of S&P Global, “A Canadian investment fund almost singlehandedly launched uranium spot prices into orbit with a buying spree that has put the nuclear power industry on alert.”

The fund that S&P Global is referring to is Sprott Inc and its Physical Uranium Trust (SPUT).

SPUT is the world’s largest actively managed uranium fund focused on providing investors with exposure to physical uranium.

According to S&P Global, the fund’s thesis is quite simple, “If they were given funding, they would purchase material out of a spot market that was flooded with excess supply following the 2011 nuclear disaster at Fukushima Daiichi in Japan.”

SPUT’s aggressive move to buy uranium off the spot market has driven a sudden re-rate for both uranium spot prices and ASX uranium shares.

But Sprott says that this is just the beginning.

In an interview with Kitco News, Sprott director Rick Rule said:

Sprott is going to make an application to list that trust on the New York stock exchange, where the overwhelming majority of the volume that [investors] enjoy in their precious metals trusts occurs. If that happens in terms of inflows into the trust, if the material is available to buy in the spot market quote, then you ain’t see nothing yet.

The post ASX uranium shares are booming double digits across the board on Monday. Here’s why. appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun 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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ASX shares in the iron ore sector have sold off sharply in recent months following steel production constraints in China.

Iron ore prices have rapidly deteriorated from May record highs of US$230/t to just US$129/t.

This has, in turn, rattled iron ore majors. BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) share prices plunged 20.9%, 10.5% and 16.3% respectively in the past month.

Lower iron ore prices could impact the profitability of iron ore shares in FY22. But one ASX share has managed to lock in a portion of its production at an impressive A$230/dry metric tonne.

Which ASX share is it?

Fenix Resources Ltd (ASX: FEX) is a small cap iron ore producer with a market capitalisation of approximately $130 million.

The company began producing iron ore in December last year. It announced its maiden shipment of 37,157 wet metric tonne (wmt) in February.

On 22 July Fenix revealed it has entered into iron ore swap arrangements for 50,000 tonne per month for the next 12-month period. From October 2021 to September 2022 the company has secured a fixed price equivalent to $230.30/dmt. That’s US$169.3/dmt at today’s exchange rates.

In the announcement, the company said:

The swap arrangements were executed after the implementation of a Price Protection Policy designed to secure the medium-term future of the Iron Ridge project, whilst maintaining Fenix’s exposure to the iron ore price.

Commenting on the hedge, Fenix managing director Rob Brierley said:

The iron ore swap arrangements were foreshadowed in our … quarterly activities report for the June 2021 period. We are effectively locking in ~45% of our planned production during a 12-month period commencing October 2021, at a fixed price that is sufficient to cover the majority, if not the entirety, of our budgeted cost base.

The post Worried about iron ore prices? This ASX share has prices locked in at A$230/tonne appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun 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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