• 2 excellent ASX 200 shares named as buys for September

    two women jumping into the air

    If you’re looking for shares to buy in September, then you may want to look at the two listed below.

    Here’s why these ASX 200 shares could be in the buy zone right now:

    Breville Group Ltd (ASX: BRG)

    The first ASX 200 share to look at is this appliance manufacturer. It is responsible for brands including Breville, Kambrook, and Sage.

    Breville was a very strong performer again in FY 2021, outperforming its guidance. Earlier this month, the company revealed a 24.7% increase in revenue to $1,187.7 million and a 39.6% jump in EBIT to $136.6 million.

    Driving this impressive growth was its ongoing international expansion and strong demand for whitegoods such as cooking equipment and coffee machines. The latter is being supported by trends including working from home.

    The team at UBS appear to believe this positive form can continue. As a result, this month the broker retained its buy rating and $35.70 price target on its shares.

    IDP Education Ltd (ASX: IEL)

    Another ASX 200 share to look at is this leading provider of international student placement and English language testing services.

    IDP Education has a strong market position across Australia and globally. It also recently bolstered its position in the key India market with an acquisition. It has acquired the British Council’s Indian International English Language Testing System for ~A$240 million. Positively, this deal is forecast to be significantly accretive to earnings both pre and post synergies.

    And while the pandemic is having a negative impact on the company’s operations, analysts are tipping it to bounce back strongly once trading conditions return to normal.

    For example, Goldman Sachs is very positive on IDP Education. So much so, earlier this month it put a buy rating and $34.00 price target on its shares. Its analysts are expecting strong earnings growth in the coming years.

    Goldman explained: “Our 3-yr EPS CAGR of 69% justifies our Buy rating in our view. The growth profile is likely to be enhanced by potential future acquisitions, which are not included in our earnings forecasts. These may include further consolidation of the IELTS market.”

    The post 2 excellent ASX 200 shares named as buys for September appeared first on The Motley Fool Australia.

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    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

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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 Idp Education Pty Ltd. 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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  • Top brokers name 3 ASX small cap shares to buy

    A clockface with the word 'Time to Buy'

    As well as covering large caps like Commonwealth Bank of Australia (ASX: CBA) and Telstra Corporation Ltd (ASX: TLS), many brokers also cover smaller companies.

    In light of this, I thought I would scour through a range of recent notes to see which small cap ASX shares are in favour with brokers at present.

    Three that have been given buy ratings are listed below. Here’s why brokers like them:

    Adore Beauty Group Ltd (ASX: ABY)

    According to a note out of UBS, its analysts have retained their buy rating and lifted their price target on this online beauty retailer’s shares to $6.00. This follows the release of a solid FY 2021 result, which saw the company beat its guidance. And while UBS notes that management is investing in its growth at the expense of profit margins, it appears to believe this will be worth it in the long run. UBS continues to see Adore Beauty as well-placed to benefit from structural tailwinds. The Adore Beauty share price was trading at $4.86 on Tuesday.

    Booktopia Group Ltd (ASX: BKG)

    A note out of Morgans reveals that its analysts have retained their add rating and lifted their price target on this online book retailer’s shares to $3.72. Morgans notes that Booktopia delivered a full year result largely in line with its expectations and ahead of its upgraded guidance. The broker sees Booktopia as well-placed to gain market share. This is thanks to its proven ability to attract and retain customers, coupled with current and future improvements to the consumer offering. In addition, Morgans sees its margin improvement in FY 2021 as a sign of things to come in the future. The Booktopia share price was fetching $2.85 on Tuesday.

    Silk Laser Australia Ltd (ASX: SLA)

    Analysts at Ord Minnett have retained their buy rating but trimmed their price target on this laser clinic company’s shares to $4.85. According to the note, Ord Minnett was pleased to see Silk Laser deliver a full year result ahead of its upgraded guidance in FY 2021. Overall, the broker remains positive on the company’s growth prospects and holds firms with its buy rating. The Silk Laser share price was trading at $3.84 on Tuesday.

    The post Top brokers name 3 ASX small cap shares to 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. has recommended Adore Beauty Group Limited, Booktopia Group Limited, and SILK Laser Australia Limited. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended SILK Laser Australia 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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  • Brokers think these 2 top ASX shares are buys in September 2021

    ASX shares Business man marking buy on board and underlining it

    Brokers have had their say about which ASX shares look like good value and could be worth looking at.

    These brokers are always on the lookout for opportunities to make good returns. Share prices are changing every day and every week, so they can suddenly become good value if they fall in price or their prospects improve.

    Some businesses are rated as buys by several brokers at once. These two ASX shares are heavily liked by brokers at the moment:

    Seven Group Holdings Ltd (ASX: SVW)

    Seven Group is currently rated as a buy by at least four brokers. Credit Suisse is one that rates Seven Group as a buy, with a price target of $26.25. That means the broker is suggesting the share price could rise more than 20% over the next 12 months.

    This is a diversified business which operates across several areas. In industrial services, WesTrac is the sole authorised Caterpillar dealer in Western Australia, New South Wales and the ACT. It also owns Coates High, the largest equipment hire in the business and AllightSykes, a supplier in lighting towers, generators and pumps. The ASX share also owns around 70% of Boral Limited (ASX: BLD).

    Seven Group has a growing presence in oil and gas in Australia and the US, as well as a 30% stake in Beach Energy Ltd (ASX: BPT). Finally, it owns around 40% of Seven West Media Ltd (ASX: SWM).

    Credit Suisse notes that both WesTrac and Coates are expected to deliver growth in FY22, with continuing growth which could increase in future financial years. This guidance assumes lockdowns and restrictions are not prolonged or too restrictive.

    In FY21, Seven Group saw trading revenue growth of 6.1% to $4.8 billion, underlying earnings before interest and tax (EBIT) growth of 7.3% to $792.1 million and operating cashflow growth of 15.6% to $622.4 million.

    Credit Suisse thinks Seven Group is valued at 9x FY23’s estimated earnings.

    Audinate Ltd (ASX: AD8)

    Audinate is the provider of the Dante audio over IP networking solution which is used in the professional live sound, commercial installation, broadcast, public address and recording industries.

    The company’s selling point is that Dante replaces traditional analogue audio cables by transmitting synchronised audio signals across large distances to multiple locations at once, using an ethernet cable.

    The ASX share is currently rated as a buy at least three brokers. One of those brokers is UBS, which has a price target on the business of $11.75, which implies the Audinate share price could rise by more than 15% over the next 12 months.

    UBS noted that Audinate thinks pre-COVID growth rates will return for the business, despite all of the COVID-19 impacts and logistics problems relating to the supply chain. Dante video could be an important factor for winning over more clients and growing revenue.

    In FY21, Audinate generated revenue growth of 22.5% to US$25 million. Gross profit grew by 23.1% to US$19.2 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) surged 50.1% to $3 million. The net loss after tax was $3.4 billion, 17% better than FY20. Its operating cashflow grew 40% to $6.7 million.

    The company is hoping to drive further design wins for Dante video and launching new products. It also wants to improve Dante adoption by non-English speakers, strengthen products against cyber issues and implement business scalability initiatives.

    UBS thinks Audinate will start making a bottom line net profit in FY23.

    The post Brokers think these 2 top ASX shares are buys in September 2021 appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Audinate right now?

    Before you consider Audinate, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Audinate wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

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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. owns shares of and has recommended AUDINATEGL FPO. The Motley Fool Australia owns shares of and has recommended AUDINATEGL FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Here’s what this top broker thinks of the Altium (ASX:ALU) share price

    Man thinking and scratching his beard as if asking whether the altium share price is a good buy

    The Altium Limited (ASX: ALU) share price has come under significant pressure this week.

    Since the start of the week, the electronic design software company’s shares are down almost 14%.

    This means the Altium share price is now down 18% over the last 12 months.

    Why is the Altium share price dropping this week?

    Investors have been selling the company’s shares this week following the release of its full year results.

    Although the company delivered revenue in line with its guidance, its earnings before interest, tax, depreciation and amortisation (EBITDA) was weaker than expected.

    In addition, the company pushed back its FY 2025 aspirational revenue target of US$500 million by a year because of COVID-19.

    Is this a buying opportunity?

    One leading broker that isn’t in a rush to invest just yet is Bell Potter.

    According to a note, the broker has retained its neutral rating and cut the price target on its shares by 7.1% to $32.50.

    Based on the current Altium share price of $29.90, this implies potential upside of 8.7% over the next 12 months.

    What did the broker say?

    Commenting on its result, Bell Potter said: “FY21 revenue from continuing operations of US$180.2m was slightly above our forecast of US$179.2m and in line with the low end of the guidance range which the company had guided to.”

    “EBITDA from continuing operations of $60.0m was, however, below our forecast of US$67.2m and the miss was partly driven by a number of one-off factors including M&A costs (US$2.3m), a write-back (US$1.4m) and restructuring costs (US$0.5m). The underlying EBITDA margin including TASKING of 36.1% was still, however, below the guidance of b/w 37-39% so there does appear to have been a negative impact from the shift to term licenses,” the broker added.

    In light of this margin weakness, Bell Potter has downgraded its earnings assumptions and price target accordingly.

    It explained: “We have modestly downgraded our EBITDA and NPAT forecasts by around 3% in both FY22 and FY23. The downgrades have been driven by reductions in our margin estimates which have more than offset increases in our revenue forecasts. We now forecast FY22 revenue and EBITDA of US$214.1m and US$76.5m respectively.”

    All in all, this leading broker appears to believe investors should hold out for further weakness in the Altium share price before considering an investment.

    The post Here’s what this top broker thinks of the Altium (ASX:ALU) share price appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Altium right now?

    Before you consider Altium, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Altium wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Altium. The Motley Fool Australia owns shares of and has recommended Altium. 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 reporting wrap-up: Harvey Norman, Cettire, PointsBet

    young boys open mouthed in front of shares graph

    As we near the end of the ASX reporting season, a handful of companies made waves on the market with their results today.

    We’ll quickly unpack today’s results and then wrap things back up for tomorrow.

    Those that reported on the ASX today

    Harvey Norman Holdings Limited (ASX: HVN)

    The Harvey Norman share price weakened today after the company reported its FY21 full-year results. This was despite a solid result from the retail giant for the 12 months ended June 30. It seems investors were more forward-looking and did not take a liking to the slow start to FY22 as a result of ongoing lockdowns.

    The takeaway points:

    The Harvey Norman share price finished the day down 3.2% trading at $5.38.

    Cettire Ltd (ASX: CTT)

    The Cettire share price was a more positive performer on the ASX after reporting its full-year results for FY21. Shares in the online luxury goods retailer climbed 2.8% to $2.60 after revenue rocketed higher YoY.

    The takeaway points:

    • Gross revenue of $124.5 million, up 333% YoY on a constant currency basis;
    • Sales revenue of $92.4 million, up 304% YoY on a constant currency basis;
    • Statutory net profit after tax swung from $1.53 million to a loss of $251,000;
    • Active customers increased 285% to 114,830;
    • Operating cash flow of $12.7 million, up 131% on FY20;
    • Cash position at the end of June 2021 of $47.1 million with no debt.

    Pointsbet Holdings Ltd (ASX: PBH)

    Lastly, the Pointsbet share price managed to add 1.7% on the ASX today after reporting a 159% increase in revenue in its FY21 result.

    However, the sports wagering company had a relatively tame day on the market compared to its past performances. Investors might have been more cautious of the company’s shares given the significant bottom-line loss reported.

    The takeaway points:

    • Turnover up 228% to $3,781.4 million;
    • Revenue increased 159% to $194.7 million;
    • Normalised EBITDA loss of $156.1 million;
    • Normalised loss after tax of $164.3 million compared to $39.7 million loss in FY 2020;
    • Statutory loss after tax of $187.1 million;
    • Cash balance of $276.2 million (including $30.6 million of client cash).

    ASX shares reporting tomorrow

    Well, the truth is, today has brought us to the conclusion of the ASX reporting season. While the annual reports might end here there is no doubt there will be other announcements rolling out from companies as always.

    If you want to revisit any results coverage from the reporting season it is all linked on our calendar — check out our ASX Reporting Season Calendar.

    The post ASX reporting wrap-up: Harvey Norman, Cettire, PointsBet appeared first on The Motley Fool Australia.

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    Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Cettire Limited and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Cettire Limited, Harvey Norman Holdings Ltd., and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Why the Galileo Mining (ASX:GAL) share price rocketed 10% today

    investor wearing a hard hat looking excitedly at a mobile phone representing rising boral share price

    The Galileo Mining Ltd (ASX: GAL) share price ended Tuesday’s trading session firmly in the green. With no announcements out of the resources company today, it appears yesterday’s news could be behind the gains.

    At the closing bell, Galileo shares finished 10.34% higher to 32 cents. In comparison, the All Ordinaries Index (ASX: XAO) closed 0.52% higher to 7,829 points.

    What did Galileo Mining update the ASX with?

    On Monday, Galileo released the results of its electromagnetic (EM) surveying in the Fraser Range region of Western Australia. The Galileo Mining share price seesawed on the news yesterday.

    The company highlighted a new nickel sulphate target less than 5 kilometres from drilled nickel sulphides in the Fraser Range.

    The shallow, large, and conductive target was near the Lantern South Prospect, where previous drilling intersected nickel-copper sulphides. The results included:

    • 41 metres at 0.19% nickel and 0.14% copper (LARC012)
    • 5 metres at 0.49% nickel and 0.46% copper, including 1 metre at 0.66% nickel and 0.75% copper (LARC003)

    Additionally, the company said it was continuing EM surveying within the project area to define other nickel-copper sulphide targets for drill testing.

    Managing director Brad Underwood touched on the activities that could be driving the Galileo Mining share price today:

    Our Fraser Range drilling earlier this year focused on the Lantern Prospects where the potential for discovery was demonstrated by the identification of nickel-copper sulphides. Since then, we have been aggressively exploring the area with EM surveys designed to look for buried sulphides.

    This work is beginning to show results with a new target identified just 5 kilometres along strike from Lantern South in a similar geological setting. Infill EM surveying and modelling will now be undertaken to refine the target prior to drill testing.

    Galileo Mining share price summary

    Over the past 12 months, the Galileo Mining share price has taken investors on a rollercoaster ride, with sharp downturns included. In that period, its shares have lost about 20% of their value, while they have gained 40% year to date.

    Galileo has a market capitalisation of roughly $45 million based on today’s closing price, with 143 million shares on hand.

    The post Why the Galileo Mining (ASX:GAL) share price rocketed 10% today appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Galileo Mining right now?

    Before you consider Galileo Mining, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Galileo Mining wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

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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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  • 3 ETFs for ASX investors in September

    businessman holding world globe in one hand, representing asx etfs

    If you don’t have sufficient funds to build a truly diverse portfolio, then exchange traded funds (ETFs) could be a quick fix.

    This is because ETFs give investors access to a large number of different shares through just a single investment.

    With that in mind, I have picked out three ETFs that could be good options in September. Here’s what you need to know about them:

    BetaShares NASDAQ 100 ETF (ASX: NDQ)

    If you’re interested in gaining exposure to the US tech sector, then the BetaShares NASDAQ 100 ETF could be one to consider. This ETF provides investors with access to the 100 largest non-financial shares on the NASDAQ index. Among the 100 shares included in the fund are some of the highest quality companies in the world. This includes giants such as Amazon, Apple, Facebook, Microsoft, Netflix, and Tesla.

    iShares Global Consumer Staples ETF (ASX: IXI)

    Another ETF to look at in September is the iShares Global Consumer Staples ETF. This fund provides investors with exposure to a large number of global consumer staples companies that produce essential products. These include food, tobacco, and household items. Because demand for these types of products is relatively consistent whatever happens in the economy, this ETF could be suitable for investors that are looking for low risk options. Among its largest holdings are giants such as Coca-Cola, Nestle, PepsiCo, Procter & Gamble, Unilever, and Walmart.

    Vanguard MSCI Index International Shares ETF (ASX: VGS)

    A final ETF to look at is the Vanguard MSCI Index International Shares ETF. This ETF provides investors with easy access to 1,505 of the world’s largest listed companies from major developed countries. Among the well-known companies you’ll be buying a slice of are Apple, Johnson & Johnson, JP Morgan, Nestle, Procter & Gamble, and Visa. Vanguard notes that this ETF allows investors to participate in the long-term growth potential of international economies outside Australia.

    The post 3 ETFs for ASX investors in September appeared first on The Motley Fool Australia.

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    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

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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 BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of and has recommended BETANASDAQ ETF UNITS and iShares Global Consumer Staples ETF. The Motley Fool Australia has recommended 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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  • These 3 ASX 200 shares are the most traded this Tuesday

    busy trader on the phone in front of board depicting asx share price risers and fallers

    The S&P/ASX 200 Index (ASX: XJO) is enjoying a pretty decent day on the markets this Tuesday. At market close, the ASX 200 finished the trading at 7,535 points, up 0.41%. So let’s dig into the ASX 200 shares that are topping the charts in terms of trading volume today.

    The 3 most traded ASX 200 shares on Tuesday

    Scentre Group (ASX: SCG)

    ASX 200 Real Estate Investment Trust (REIT) and Westfield owner Scentre is our first share to check out today. This Tuesday saw a substantial 14.04 million shares swap hands. That’s despite the absence of any major news or announcements out of this company today.

    As such, we can probably put this high trading volume down to what’s happened with the Scentre unit price today. At market close, Scentre units are down 0.35% to $2.85 after initially falling to $2.83 and rising to $2.87 a few hours later. It’s probably this volatility that is behind so many Scentre units trading today.

    South32 Ltd (ASX :S32)

    Diversified ASX 200 miner South32 is next up on our list. We saw 27.70 million South32 shares bought and sold today. Again, there are no major news or announcements out of the company today, so it’s probably all about that share price for South32.

    At market close, the miner is up a robust 1.95% this Tuesday to $3.14 a share. This week so far has sene South32 put on an impressive 9%. It’s likely this strong buying pressure is resulting in such a high volume of shares flying around the markets today.

    Mesoblast Limited (ASX: MSB)

    Our final ASX 200 share to look at today is medical company Mesoblast, with a whopping 20.85 million shares having changed hands. Unfortunately for investors, Mesoblast has a large share price fall to likely thank for all these shares zipping around. At market close, the company is down a nasty 15.91% today to $1.67 a share after falling more than 16% earlier today to a new 52-week low.

    This seems to be in response to the company’s FY21 earnings report which was released this morning. As my Fool colleague James covered at the time, the company had to front investors with a report card showing revenues down 77% year on year. It’s perhaps no surprise we are seeing a sell off then, which is almost certainly behind the large trading volumes we see today.

    The post These 3 ASX 200 shares are the most traded this Tuesday appeared first on The Motley Fool Australia.

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    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

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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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  • AGL (ASX:AGL) share price struggles amid major management shake-up

    Businesswoman organizing photo portraits of colleagues on touch screen

    The AGL Energy Limited (ASX: AGL) share price ended the day in the red amid news the company’s senior leadership team will be shrunk following its demerger.

    AGL will reduce its senior executive team from 9 members to just 5 after the company splits into AGL Australia and Accel Energy. Accel Energy’s leadership team will comprise of just 3 members.

    The AGL share price closed at $6.47, 0.92% lower than its previous close.

    Let’s take a closer look at the future upper management shake-up.

    AGL share price slides amid leadership shakeup

    The AGL share price struggled today amid planned cuts to its senior management team.

    The company’s executive of corporate affairs, Elizabeth McNamara, will be saying goodbye in the near future. Also exiting is executive general manager (EGM) of future business and technology, John Chambers, and its EGM of strategy and corporate development, Joao Segorbe.

    The company’s executive general counsel and secretary, John Fitzgerald, will take on the same role in the reimagined AGL Australia. However, he too will step away in December 2022.

    AGL has previously stated it hopes to have completed the demerger by the fourth quarter of FY22. The split will see AGL torn into the retail-focused AGL Australia and energy generating business Accel Energy.

    The AGL share price slid 9.99% on the back of the company’s demerger plan.

    Today, a spokesperson for AGL said both new companies will be headquartered in Melbourne. However, they will retain a strong presence in Sydney.

    AGL has also pinned who will make up its soon-to-be upper management teams.

    Accel Energy’s upper management

    Here’s the makeup of Accel Energy’s future leadership team:

    • AGL’s current general manager of people and culture, Amanda Lee, will step in as chief people officer.
    • AGL’s secretary, Melisa Hunter, will take on the same role at Accell.
    • Recruitment is underway for Accel Energy’s chief financial officer.

    Accel Energy’s leadership team will report to its CEO, Christine Corbett.

    AGL Australia’s leadership team

    Some of AGL Australia’s upper management team has also been finalised. Here’s who made the cut:

    • AGL’s EGM of people and culture, Jo Fox, will be the new company’s EGM of people and corporate affairs.
    • AGL’s general manager of commercial and industrial customers, Ryan Warburton, is to become AGL Australia’s EGM of business and commercial customers.
    • General manager of product and portfolio, Jo Egan, will become AGL Australia’s chief customer officer.
    • Finally, recruitment is underway for AGL Australia’s new EGM of trading, supply, and operations.

    AGL Australia’s leadership team will report to AGL’s current interim managing director and CEO, Graeme Hunt.

    AGL share price snapshot

    It hasn’t been a good year on the ASX for AGL.

    Its share price has slipped 46% year to date. It is also 56% lower than it was this time last year.

    The post AGL (ASX:AGL) share price struggles amid major management shake-up appeared first on The Motley Fool Australia.

    Should you invest $1,000 in AGL right now?

    Before you consider AGL, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and AGL wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

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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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  • Here are the top 10 ASX 200 shares on Tuesday

    top 10 asx shares today

    Today, the S&P/ASX 200 Index (ASX: XJO) pushed upwards to cement its second consecutive day of gains. The benchmark index finished 0.51% higher to 7,543 points. Tech shares did plenty of the heavy lifting, with strong performances from WiseTech Global Ltd (ASX: WTC), Xero Limited (ASX: XRO), and TechnologyOne Ltd (ASX: TNE).

    However, the question is: which shares from the top 200 delivered the most green on the ASX today? Here are the ten stocks that delivered the biggest gains while the market fell:

    Top 10 ASX 200 shares countdown today

    Looking at the top 200 listed companies, WiseTech was the biggest gainer today. Shares in the logistics software company increased 6.1% despite no news. Find out more about WiseTech here.

    The next best performing ASX share out of the top 200 today was Endeavour Group Ltd (ASX: EDV). The liquor retailer’s shares rallied 5.15% to $7.35 today, once again with no announcements. Uncover the latest Endeavour Group information here.

    Today’s top 10 biggest gains were made in these ASX 200 shares:

    ASX-listed company Share price Price change
    WiseTech Global Ltd (ASX: WTC) $48.64 6.39%
    Endeavour Group Ltd (ASX: EDV) $7.355 5.22%
    Healius Ltd (ASX: HLS) $4.885 4.60%
    Reliance Worldwide Corporation Ltd (ASX: RWC) $5.845 4.56%
    NextDC Ltd (ASX: NXT) $13.275 3.79%
    Resmed Inc (ASX: RMD) $40.36 3.75%
    Lynas Rare Earths Ltd (ASX: LYC) $6.90 3.60%
    Orocobre Ltd (ASX: ORE) $9.07 3.54%
    Premier Investments Ltd (ASX: PMV) $28.35 3.24%
    Atlas Arteria (ASX: ALX) $6.885 3.22%
    Data as at 3:42pm AEST

    Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

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    Motley Fool contributor Mitchell Lawler owns shares of Lynas Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Reliance Worldwide Corporation Limited, WiseTech Global, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited, WiseTech Global, and Xero. The Motley Fool Australia has recommended Reliance Worldwide Corporation Limited and ResMed Inc. 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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