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

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

For Apple (NASDAQ: AAPL), the future is about far more than our physical reality. The company is building tools for augmented reality (AR) that could be in common use by over 1 billion devices around the world, and virtual reality (VR) has been rumored to be on the way as well.

What’s become clear in the last few quarters is that Apple is building the foundation of its AR strategy right before our eyes. Lidar included in iPhones and iPads today increases the accuracy and fidelity of AR on the devices, and Apple is already creating an ecosystem of apps and tools for developers. At its Worldwide Developers Conference last week, Apple said it is bringing AR into maps and capture tools for third-party apps in an AR strategy that could keep this tech stock growing for the next decade.

Augmented reality is coming to maps

The most notable AR addition announced last week was AR for maps. In a news release, Apple described its mapping AR technology by saying, “With iOS 15, users can simply hold up iPhone, and Maps generates a highly accurate position to deliver detailed walking directions in augmented reality.”

For now, this technology will only be available on the iPhone, but it’s unlikely that’s the end game. AR glasses like Magic Leap have long envisioned maps as a high-value use for augmented reality technology. A Magic Leap app called Holomaps says you can “see 3D maps with live data, traffic, weather, and Twitter updates.” If and when Apple announces AR glasses, it could offer the same tools.

The combination of knowing a user’s location and being able to scan the surrounding area opens up a world of possibilities, especially if users are wearing Apple AR devices. And if Apple can use the user’s scan data to improve its maps, we could see that add value not only to maps but also to new technologies like self-driving vehicles.

Capturing AR assets just got a lot easier

Another notable addition to iOS is Object Capture. One of the challenges with building cost-effective AR tools is capturing 3D assets, and now that can be done with just a camera. Here’s what Apple said about Object Capture and RealityKit 2, part of ARKit, in a press release:

RealityKit 2 introduces Object Capture, a simple and powerful [Application Programming Interface] API on macOS Monterey [the codename for Apple’s latest OS] that enables developers — like Wayfair, Etsy, and more — to create high-quality, photo-realistic 3D models of real-world objects in minutes by taking photos shot on iPhone, iPad, or DSLR and transforming them into 3D models optimized for AR. These models can be viewed in AR Quick Look or added to AR scenes in [applications like] Reality Composer or Xcode, making it easier than ever to build amazing AR apps.

If capturing assets gets easier, it’ll make it easier for developers and companies to include AR assets in their apps. And more assets mean more app possibilities for current iOS devices and next-generation devices like AR or VR glasses or headsets.

AR is core to Apple’s future

Apple highlighted that it has over 1 billion AR devices in the world, and the company has slowly but surely been building a foundation in AR for years. It has hardware with AR technology integrated, tools for developers to build with, and billions of users already in the ecosystem. If Apple introduces AR glasses in the next few years, as rumored, it could expand its product lineup even further and continue growth into the next generation of technology devices. Don’t sleep on the importance of AR to Apple’s future.

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

The post Apple is already building an augmented reality future appeared first on The Motley Fool Australia.

More reading

• ASX investors couldn’t get enough of meme stocks last week
• Report: Apple planning upgrades, updates for Apple Watch
• 3 top tech stocks to buy during a recession
• Here are the US shares ASX investors were buying last week
• Apple employees don’t ever want to go back to the office

Travis Hoium owns shares of Apple. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Apple, Etsy, and Twitter. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Apple. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

from The Motley Fool Australia https://ift.tt/3xwcraS

The RPMGlobal Holdings Ltd (ASX: RUL) share price will be one to watch on Friday.

This follows the release of an update in relation to the mining software company’s sales for FY 2021.

What did RPMGlobal announce?

RPMGlobal shares will be in focus today after the company revealed its current trading conditions have been stronger than the previous year.

The company provided an update on total contracted value (TCV) and annual recurring revenue (ARR) for subscription software sales.

During FY 2021, RPMGlobal has achieved $40 million in TCV software subscriptions, with $40.4 million recorded year to date. This is an increase of $9 million from when the company reported $31.4 million in TCV sales early last month.

ARR from software subscriptions has also grown to $21.5 million, up from $20.1 million on 4 May 2021.

What does RPMGlobal do?

Founded in 1968, RPMGlobal provides advisory consulting, training and software for the mining and related services industries. The group operates across 3 segments, namely software, advisory, and GeoGAS.

The software division integrates planning and scheduling with maintenance and execution, and simulation and costings for mining companies.

Next up, the advisory division comprises consulting and advisory services, delivering expertise on technical mining papers. This provides insights into geology, engineering and environmental, social and governance factors, as well as mining logistics to resource companies.

And finally, the GeoGAS division provides services to coal mining customers such as gas content testing and relevant consulting services.

RPMGlobal share price summary

Over the last 12 months, the RPMGlobal share price has accelerated by almost 60%. In 2021, the company’s shares have lifted by nearly 30%.

Last Thursday, RPMGlobal shares hit a milestone all-time high of $1.735. It’s worth noting that at the current price of $1.66 before market open, they could break a new record today if investors respond positively to the company’s latest update.

RPMGlobal has a market capitalisation of roughly $380 million, with approximately 229 million shares on its registry.

The post Why the RPMGlobal (ASX:RUL) share price will be in the spotlight today appeared first on The Motley Fool Australia.

More reading

• RPMGlobal (ASX:RUL) share price dips despite ESG acquisition news
• This ASX tech share’s also a COVID-recovery stock: fund manager
• How to score a sneaky bargain: ASX fund manager

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

from The Motley Fool Australia https://ift.tt/3zzHtAu

For the second day in a row, the Immutep Ltd (ASX: IMM) share price will be frozen at market open.

Yesterday, Immutep entered a trading halt until Monday’s open, or until such time as the company releases further news regarding a capital raise, whichever comes first.

When Immutep shares closed on Wednesday ­– their latest active session ­– they were swapping hands for 62 cents apiece.

Let’s take a look at what we know so far of the biotechnology company’s capital raise.

New capital raise

According to Immutep, the capital raise will be an institutional placement. However, the company has not yet stated how much it hopes to raise during the activity.

Additionally, Immutep hasn’t yet disclosed why it will be conducting the capital raise.

Market watchers will be keeping an eye on the company today, as further details of its latest placement are likely to be announced before Monday’s open.

The last institutional placement completed by Immutep took place in August 2020. Through that placement, the company raised $29.6 million by issuing 123.3 million new shares at 24 cents per share to institutional investors.

Immutep’s previous capital raise was used to boost its clinical programs budget.

It mostly went towards the ongoing development of the company’s IMP123 – a drug that regulates the immune system. However, a portion of the capital raised went towards Immutep’s immunosuppressive agonist drug IMP761, which is still in preclinical stages.

Immutep share price snapshot

2021 has been a good year on the ASX so far for Immutep shares.

The Immutep share price is currently 48% higher than it was at the start of this year. It has also gained 305% since this time last year.

The company has a market capitalisation of around $444 million, with approximately 648 million shares outstanding.

The post Here’s why the Immutep (ASX:IMM) share price is frozen appeared first on The Motley Fool Australia.

More reading

• Why the Immutep (ASX:IMM) share price is marching higher today
• Immutep (ASX:IMM) share price backtracks despite patent approval
• Immutep (ASX:IMM) share price bounces on new supply deal
• Why the Immutep (ASX:IMM) share price rocketed 14% today

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.

from The Motley Fool Australia https://ift.tt/3xAr1yp

The Trajan Group Holdings (ASX: TRJ) share price has been a strong performer since its IPO earlier this month.

Since hitting the ASX boards on 7 June, the shares of the global developer and manufacturer of analytical science instruments, devices and solutions are up an impressive 38% from their listing price.

Based on the current Trajan share price, the company now has a market capitalisation of just over $300 million.

What is Trajan?

Trajan was established in 2011 and is a global participant in the analytical science instrument and device industry.

According to its prospectus, it is a purpose led business that aims to enrich human wellbeing through the design, manufacture and supply of products and solutions that enhance scientific measurement.

Trajan’s precision componentry and solutions are used in the analysis of biological, food, and environmental samples across a variety of segments that impact human wellbeing. They also have a broad range of life science applications including pharmaceutical, clinical diagnostics, and pathology.

In addition to this, the company has developed a portfolio of innovative technologies and devices which are expected to support the trend towards decentralised, personalised data‑based healthcare.

Why is the Trajan share price shooting higher?

One of the reasons investors have been bidding the Trajan share price higher might be its sizeable and growing market opportunity.

One segment of the global analytical science industry in which Trajan operates is the mass spectrometry market, which was valued at US$4.1 billion in 2020.

End‑user segments within this market include pharmaceutical applications which are projected to grow at a CAGR of 9.3% and environmental testing which is projected to have a CAGR of 6.5% from 2020 to 2025.

For now, it is forecasting revenue of $74.65 million and EBITDA of $9.5 million in FY 2021 and then revenue of $82.5 million and EBITDA of $10.7 million in FY 2022.

Trajan IPO

Trajan raised gross proceeds of $90 million at an offer price of $1.70 per share from its IPO.

Management notes that the proceeds raised will predominantly be used to execute the company’s growth strategy. This strategy encompasses both strategic acquisitions of complementary businesses, technologies and processes, and continued investment in its proprietary technology and device portfolio.

Some of the proceeds were also used to give existing shareholders the opportunity to realise a minority part of their investment in the company.

Given its bright prospects and high quality technology, it might be worth keeping an eye on the Trajan share price in 2021.

The post The Trajan (ASX:TRJ) share price is up 38% in under two weeks appeared first on The Motley Fool Australia.

More reading

• 3 excellent ETFs for ASX investors
• Here are the best performing ASX 200 shares so far in 2021
• Revealed: 5 sectors with worst gender pay gap
• Why analysts love Zip (ASX:Z1P) and these fantastic ASX growth shares
• 2 ASX shares that are growing rapidly

James Mickleboro does not own any shares 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.

from The Motley Fool Australia https://ift.tt/3q4UzS0

If you’re looking for an easy way to invest in international shares for diversification, then exchange traded funds (ETFs) could be the answer.

But which ETFs should you look at? Here are three excellent ETFs that could be worth getting better acquainted with:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The first ETF to look at is the hugely popular BetaShares NASDAQ 100 ETF. This fund gives investors exposure to the 100 largest non-financial shares on the famous NASDAQ index. Among the 100 companies included in the fund are household names such as Amazon, Apple, Facebook, and Microsoft. And while the fund does have a high weighting to the tech sector, there are also a number of outstanding non-tech companies included in it as well. These include Mondelez, Moderna, Pepsico, Starbucks, and Tesla.

The BetaShares NASDAQ 100 ETF has generated a return of 23.6% per annum over the last five years.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Another ASX ETF to look at is the BetaShares Global Cybersecurity ETF. As it names indicates, this ETF gives investors exposure to the leading companies in the global cybersecurity sector. This could be a great place to be right now, with demand for cybersecurity services increasing due to the growing threat of cyber attacks. Included in the fund are quality companies such as Accenture, Cisco, Cloudflare, Crowdstrike, Okta, and Splunk.

Over the last five years, the index the BetaShares Global Cybersecurity ETF tracks has delivered a return of 20.1% per annum.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF for ASX investors to look at is the VanEck Vectors Video Gaming and eSports ETF. It gives investors access to a portfolio of the largest companies involved in video game development, hardware, and esports. This means you’ll be buying a slice of companies such as Nvidia, Take-Two, and Electronic Arts. These companies are well-placed to benefit from the increasing popularity of video games and eSports.

The index the VanEck Vectors Video Gaming and eSports ETF tracks has generated an average return of 33.6% per annum over the last five years.

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

More reading

• 2 exciting tech ETFs for ASX investors this month
• Should investors be looking at tech shares right now?
• NAB and Zip were among the most traded ASX shares last week
• 2 fantastic ETFs for ASX growth investors
• 2 ETFs for ASX investors in June

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 BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/35y97Ak

Leading up to the midpoint of 2021, it might be time to take stock and see how your investments stack up against the best performing shares in the S&P/ASX 200 Index (ASX: XJO) so far this year.

While the arbitrary timeframe of performance holds little weight in the long term, it can be helpful to understand what a winning investment looks like. Whether it’s macro trends, business decisions, or speculation – there’s usually a reason behind strong performance.

So, let’s make like a rock and get rolling…

Top 5 ASX 200 shares, you might be surprised

We covered 2021’s top performers out of all the ASX-listed shares on Wednesday. But today is solely for those that are included in the benchmark index.

And here they are…

ARB Corporation Limited (ASX: ARB)

The Australia-based 4×4 accessories manufacturer has shot the lights out so far this year. This ASX 200 share has gained 48% year to date (YTD). Making its performance all the more impressive, this is on the back of a 64% gain in 2020.

The company has benefitted from a massive boom in vehicle sales, as savings and the desire to travel locally surged. For the half year ended December 2020, ARB reported revenue of $283.9 million, representing an increase of 21.6% on the prior corresponding period.

Other share price catalysts included the company’s acquisition of Truckman – a utility accessories manufacturer in the United Kingdom, and a strategic collaboration with Ford Motor Company for its new Ford Bronco.

Reece Ltd (ASX: REH)

Ultra-low interest rates, a rebounding economy, and money to spend – a recipe for a thriving property market. Whether it’s building brand new, or updating the bathroom, Reece has captured plenty of the property tailwinds. Reece is Australia’s largest supplier of all things bathroom, kitchen, plumbing and HVAC.

The company reported a 4% increase in revenue for the half-year. Meanwhile, earnings before interest, tax, depreciation, and amortisation (EBITDA) jumped 12% to $349 million. With the property trend continuing into 2021, investors have been buying up this ASX 200 share in their droves.

The Reece share price has gained almost 50% YTD.

Pilbara Minerals Ltd (ASX: PLS)

Lithium prices have flown higher this year, with carbonate and hydroxide pushing more than 50% off November 2020 lows. The upwards move in the electrifying commodity has boosted revenues and earnings margins for lithium mining companies, such as Pilbara Minerals.

As of December 2020, the company’s trailing 12-month revenue was $105.5 million, an increase of 59.4% from December 2019. Additionally, the company’s strategy and outlook announcement on 11 May showed plans to further increase production.

The Pilbara Minerals share price has surged 53% so far this year. Despite the jump in its share price, the company is still one of the smaller shares in the ASX 200 index with a market capitalisation of around $3.85 billion.

Pro Medicus Limited (ASX: PME)

Pro Medicus is a provider of healthcare imaging software, ranging across medical accounting, clinical reporting, appointment scheduling and more. The company runs on a software-as-a-service (SaaS) model, making it important for it to land new contracts.

So far in 2021, Pro Medicus has landed a few big contracts, instilling investor optimism. In January, the company signed a 7-year contract with Intermountain Healthcare for $40 million.

Then in February, another 7-year contract – this time with a major University Health System for $31 million. Lastly, an 8-year contract worth $14 million was signed with the University of Vermont Health Network in May.

The flurry of new customers has been met with a 58% share price increase YTD.

Codan Limited (ASX: CDA)

Finally, taking out the spot for best performing ASX 200 share so far in 2021 with a gain of almost 66% YTD is… Codan. A manufacturer of metal detectors, communications, and tracking solutions, Codan has enjoyed record sales – driven predominantly by metal detector and tracking solution sales.

Furthermore, the company has made two acquisitions already this year, the first being Domo Tactical Communications. Domo is a provider of high-bandwidth wireless communications to more than 20 key United States Government agencies.

The second acquisition involved Zetron Inc, a provider of mission-critical communication technologies. Codan anticipates that the acquired business will contribute roughly $67 million in sales during the next financial year.

The post Here are the best performing ASX 200 shares so far in 2021 appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• ASX 200 drops, Sonic acquires, Challenger down
• Could investing in the ASX 300 be better than the ASX 200?
• Investors warn ASX 200 boards to stamp out sexual harassment
• Are crashing ASX mining shares an opportunity or a disaster to run from?

Motley Fool contributor Mitchell Lawler owns shares of Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia has recommended ARB Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3wBnxv7

The Australian industries with the biggest gender pay gaps have been revealed, and it’s not pretty for investment market participants.

Analysis firm IBISWorld’s study released Thursday showed that, across all industries and jobs, full-time female workers in Australia earned 13.4% less than a male colleague in the same position.

“A driving factor of the gender pay gap is unequal representation of women in leadership positions and inflexible working arrangements that do not accommodate for the responsibility of unpaid caring and domestic work,” said IBISWorld senior industry analyst Victoria Baikie.

The gaps in the 5 worst performing sectors are damning, with 3 of the sectors involved in investment markets.

Financial brokerage came ‘first’ with a 48.9% pay discrepancy, and the money market dealer industry was the third-worst with 41.3%.

Aviation, which has companies like Qantas Airways Limited (ASX: QAN) and Air New Zealand Limited (ASX: AIZ) on the ASX, rounded out the worst 5 with a 38.2% wage gap.

The other two sectors with massive gaps were sport and recreation clubs (47.6%) and real estate services (39.8%).

Why do these sectors pay women so poorly?

The gender gap in the finance industry was caused by a lack of female representation in higher positions. The study found that last year just 18% of managers were women.

While the industry is trying hard to address the gap, this critical element is yet to be resolved.

“Strategies to address the gap have become more common, such as gender parity graduate programs that support women’s entry. However, a higher proportion of males were promoted to more senior roles than women in 2020, hindering improvement in the gender pay gap.”

But Baikie had hope that this problem would be rectified. 

“Firms within the financial asset broking services subdivision are increasingly likely to focus on the retention and promotion of women into leadership positions — especially CEO positions — in order to address the gender pay gap.”

As for the money market, the domination of the big four banks in Australia seems to be a significant hurdle.

“None of the 4 largest banks has equal gender representation in their executive leadership team and on their board of directors,” said Baikie.

Macquarie Group Ltd (ASX: MQG) does have a female chief executive and equal gender split on its board, but it only represents 5% of the sector revenue.

In aviation, the massive disparity in wages among pilots is letting down the entire industry.

Just 9% of pilots in Australia are female, earning $942.30 less than men per week.

The upheaval caused by the COVID-19 pandemic would only exacerbate the situation, according to IBISWorld.

“Airlines will likely bring back their most senior pilots first as flight numbers increase, limiting opportunities for newly trained female pilots,” said Baikie.

“The gender pay gap for the air transport subdivision will likely get worse before it gets better.”

The post Revealed: 5 sectors with worst gender pay gap appeared first on The Motley Fool Australia.

More reading

• A Super-bad idea
• Top brokers just upgraded these ASX shares to “buy”
• ASX 200 Weekly Wrap: ASX edges even higher, led by tech rebound
• BlueScope (ASX:BSL) share price jumps on broker upgrade today
• These ASX shares just got hit by broker downgrades

Tony Yoo owns shares of Macquarie Group Limited and Qantas. 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.

from The Motley Fool Australia https://ift.tt/3wxtTf8

Looking for growth shares to buy? Then you might want to consider the three listed below.

Here’s why they have been tipped as growth shares to buy:

NEXTDC Ltd (ASX: NXT)

The first ASX growth share to look at is NEXTDC. It is a leading data centre operator benefiting greatly from the structural shift to the cloud. This shift has led to growing demand for data centre capacity over the last few years, which has resulted in strong revenue and operating earnings growth.

Positively, this shift still has a long way to go, which should be supportive of further strong growth over the remainder of the 2020s. This could be boosted further by its plans to expand into the Asian market in the near future.

Morgan Stanley is positive on the company. It currently has an overweight rating and $14.60 price target on its shares.

PointsBet Holdings Ltd (ASX: PBH)

Another ASX growth share to look at is PointsBet. It is a leading sports betting company with operations in both the ANZ and US market. From these markets, the company is currently generating significant revenue. This is being driven by the growing popularity of mobile sports betting and innovative products like same game multis.

The good news is that the company is only scratching at the surface of its massive US market opportunity. For example, Goldman Sachs notes that the US sports betting market is forecast to grow at a compound annual growth rate of 40% out to 2033. It estimates that it will be worth US$39 billion a year at that point.

In light of this and its strong market position, the broker currently has a buy rating and $17.20 price target on its shares.

Zip Co Ltd (ASX: Z1P)

A final ASX growth share to look at is Zip. As with the others, this buy now pay later (BNPL) provider has been growing at a strong rate in recent years. This is being driven by its international expansion and the increasing popularity of the payment method with consumers and merchants.

And while its sales have been growing materially again in FY 2021, they are still only a tiny fraction of a $5 trillion market opportunity in just the United States. Add in the European and Asian markets, and Zip clearly has an extremely long runway for growth over the next decade.

Last week Citi put a buy rating and $10.90 price target on the company’s shares.

The post Why analysts love Zip (ASX:Z1P) and these fantastic ASX growth shares appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares that are growing rapidly
• 2 fantastic ASX 50 shares rated as buys
• Are Zip (ASX:Z1P) shares cheap enough to buy now?
• First time in 30 years! 6 ASX shares for crazy times: analyst
• NAB and Zip were among the most traded ASX shares last week

James Mickleboro owns NextDC shares. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointsbet Holdings Ltd and ZIPCOLTD FPO. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3gH0MiL

There are some ASX shares that are growing really rapidly and seeing high levels of double digit revenue growth.

Businesses that are growing revenue quickly might be able to grow profit at a fast pace over time as well.

These two ASX shares that are growing quickly:

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster describes itself as Australia’s leading pure play retailer of furniture and homewares. It has over 200,000 products on sale from hundreds of suppliers.

The business runs a drop-shipping model where products are sent directly to customers by suppliers, enabling faster delivery times and reducing the need to hold inventory, allowing for a larger product range.

Temple & Webster has a private label range which is sourced directly by the company from overseas suppliers.

The ASX share was growing quickly during 2020 as e-commerce replaced bricks and mortar retailing. However, trading has continued to exceed expectations despite the fact the comparable periods include the impact of the COVID-19 lockdowns.

FY21 third quarter revenue increased 112% year on year. Active customers reached around 750,000 at the end of the third quarter. April 2021 revenue was up more than 20% year on year, with April 2020 being the fastest growing month last year due to the nationwide lockdowns implemented during March 2020. Customers that joined up during the COVID-19 period continue to perform better than historical cohorts.

The ASX share believes there has been a permanent shift in consumer shopping behaviours, the business is looking to invest to capitalise on the once in a generation shift from offline to online shopping.

It’s going to invest heavily to capture this opportunity as more shoppers go online. The earnings before interest, tax, depreciation and amortisation (EBITDA) margin will be low during this period, though higher margins are expected in the longer-term.

Pointsbet Holdings Ltd (ASX: PBH)

Pointsbet is a corporate bookmaker with operations in Australia and the United States. It has developed a scalable cloud-based wagering platform where it offers its clients innovative sports and racing wagering products. Its offering includes fixed odds sports, fixed odds racing and ‘Pointsbetting’.

The business has continued to increase its market share and access in the US. This is translating into high levels of growth for the business.

In the third quarter of FY21, total turnover was up 236% to $905.2 million, with US turnover up 431% to $482 million.

The total gross win increased 275% to $100.5 million, with the US gross win rising 715% to $45.8 million. Pointsbet’s gross win margin improved by 1.1 percentage point to 11.1%.

The ASX share’s total net win improved 246% to $64.9 million, with the net win margin improving 0.2 percentage points to 7.2%.

Pointbet’s total number of active clients went up 169% to 285,500, with US clients rising 461% to 127,500.

Management said that the Australian trading business has seen improvement across a number of key KPIs as client behaviour shifts to the higher margin multi segment. Improvements in marketing tech tools also assisted with acquisition and retention compared to the prior corresponding period.

Pointsbet said that the performance of the Australian trading business remains an excellent blueprint for its aspirations in the US. It said that its ability to operate a growing, profitable business in the advanced and competitive Australian market, backed by continually improving product and growing brand recognition, provides confidence in the continued execution of its US strategy.

The post 2 ASX shares that are growing rapidly appeared first on The Motley Fool Australia.

More reading

• 2 explosive ASX growth shares rated as buys
• These are the 10 most shorted shares on the ASX
• Here are 3 ASX shares that are cashed up
• 3 exciting ASX growth shares rated as buys
• How high can the PointsBet (ASX:PBH) share price climb?

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 Pointsbet Holdings Ltd and Temple & Webster Group Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3vAkXnW

If you’re looking to overcome low interest rates, then you might want to look at the dividend shares listed below.

Both offer investors attractive yields that are vastly superior to anything you’ll find with term deposits and savings accounts. Here’s what you need to know about them:

Aventus Group (ASX: AVN)

The first ASX dividend share to look at is Aventus. It is a leading owner, manager, and developer of retail parks with a portfolio of 20 centres valued at $2.2 billion.

At the last count, the company had a diverse tenant base of 593 quality tenancies, with national retailers representing 87% of its total portfolio. This exposure to national retailers, and particularly household goods and everyday needs, has been a big positive over the last 12 months. These retailers have been performing positively, allowing Aventus to continue to grow its funds from operations.

One broker that expects this solid form to continue is Morgans. It currently has an add rating and $3.12 price target on its shares.

Morgans is also forecasting distributions of 17.4 cents per share in FY 2021 and then 17.7 cents per share in FY 2022. Based on the latest Aventus share price, this represents 5.7% and 5.8% yields, respectively.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share that has been tipped to provide investors with generous yields is Super Retail. It is the retail conglomerate behind brands including BCF, Rebel, and Supercheap Auto.

Super Retail has been a strong performer in FY 2021 thanks to a favourable redirection in consumer spending away from international travel onto cars, camping, and sportswear. And with international travel off the cards for some time to come, it appears well-placed to benefit from higher than normal demand across its brands in FY 2022 as well.

Goldman Sachs is positive on Super Retail. The broker currently has a buy rating and $15.00 price target on its shares. Goldman is forecasting an 84 cents per share fully franked dividend in FY 2021. Based on the current Super Retail share price, this represents a 6.5% yield.

The post These ASX dividend shares have generous yields appeared first on The Motley Fool Australia.

More reading

• 2 quality ASX dividend shares rated as buys
• 2 excellent ASX dividend shares for income investors
• 2 high yield ASX dividend shares rated as buys
• Could these ASX shares be dirt cheap right now?
• 2 high yield ASX dividend shares for income investors

James Mickleboro does not own any shares 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 Super Retail Group Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3xu9bNs