The Charter Hall Group (ASX: CHC) share price remains flat today despite the company announcing an upgraded earnings guidance.

During late-afternoon trade, the property company’s shares are unchanged from yesterday’s closing price of $14.13.

What did Charter Hall announce?

Investors are indecisive by the company’s market update, leaving Charter Hall shares unmoved for the day.

According to its release, Charter Hall advised that it expects post-tax operating earnings security to increase more than 57 cents. This represents a 6% growth on distribution per security when compared against FY20.

The group noted that the upgraded guidance is provided that there is no material change in current trading conditions. Furthermore, the projected result assumes its operating environment is not heavily affected by COVID-19.

Charter Hall noted that the guidance does not take into account any accrual for performance fees that may be realised.

Previously, the group’s FY21 guidance estimated post-tax operating earnings security to come at 55 cents per security.

Charter Hall managing director and group CEO, David Harrison touched on the company’s progress, saying:

Our Direct business has continued to enjoy strong inflows reflecting the quality of these portfolios and the attractive returns they offer. This has resulted in capital deployment that exceeded our previous expectations.

Mr Harrison also commented on Charter Hall’s outlook, adding:

As we look towards FY22, we have significant investment capacity across the platform, a strong pipeline of deployment opportunities both off-market and from our development book, as well as uncrystallised performance fees embedded in many of our funds.

About the Charter Hall share price

Over the past 12 months, the Charter Hall share price has gained above 80%, however, year-to-date performance is 4% down. The group’s shares reached an all-time high of $15.29 in late December 2020 and could break that feat again.

On valuation grounds, Charter Hall presides a market capitalisation of around $6.5 billion, with 465.7 million shares outstanding.

More reading

• Charter Hall (ASX:CHC) share price slips despite positive update
• This beaten-down ASX sector could soon be turning the corner

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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There are a handful of quality S&P/ASX 200 Index (ASX: XJO) tech shares that could be worth looking at.

Businesses with good margins, large addressable markets and long-term growth plans may have the potential to make good returns:

Altium Limited (ASX: ALU)

The Altium share price is down 24% since 9 November 2020 with COVID-19 impacts continuing to hurt the electronics PCB software business.

However, a lower share price gives investors the opportunity to buy at a cheaper level for the long-term.

Despite the shorter-term issues relating to pricing and China, the ASX 200 tech share has plans to reach market domination in the coming years.

A key part of those plans is Altium 365, its cloud offering. There is strong adoption of Altium 365 as it continues to add clients. At the time of the release of the half-year result a couple of months, it had 9,300 active monthly users and 4,400 monthly active accounts.

The Altium CEO Aram Mirkazemi said:

Altium 365 is key to our future success through indirect monetisation from our CAD software tools and, in time, direct monetsation from the broader ecosystem. I am most heartened by the strong adoption of Altium 365, and with our Netflix organisational changes behind us, I am confident of a much stronger second half. Early signs are positive for this.

Over the longer-term, Altium is expecting to generate a higher earnings before interest, depreciation and amortisation (EBITDA) margin in the coming years which will help grow the bottom line. 

At the current Altium share price, it’s trading at 48x FY23’s estimated earnings.  

Technology One Ltd (ASX: TNE)

Technology One is currently rated as a buy by Morgans with a price target of $9.99.

The ASX 200 tech share is currently shifting to a software as a service (SaaS) model which should lead to higher-quality revenue as well as good margins. In FY20 its churn was below 1%.

Technology One says that its global SaaS enterprise resource planning (ERP) solution is delivering a compelling value proposition for customers, providing them any device, any time access from anywhere around the globe as well as a cost-effective way to run their enterprise.

It continues to win new, large enterprise customers from competitors. It has added 104 enterprise customers to its global SaaS ERP solution. Technology One now has 539 large scale enterprise customers, with hundreds of thousands of users. It’s the largest provider in Australia.

FY20 saw its total annual recurring revenue (ARR) hit $222 million and is set to exceed $500 million in the coming years. The ARR stands at 86% of total revenue which means the majority of revenue is locked-in at the start of the financial year which positions it well to achieve growth in FY21.

Despite all the impacts of COVID-19, Technology One achieved growth in the 12 months to 30 September 2020. Underlying profit before tax went up 13% to $86.1 million and SaaS ARR rose 32% to $134.6 million. Cashflow generation from the ASX 200 tech share increased 49% to $66.4 million.

According to Commsec, the Technology One share price is valued at 32x FY23’s estimated earnings.

More reading

• Nufarm (ASX:NUF) share price rises ahead of next month’s profit results
• How to find the best ASX shares on the share market
• Why supply and demand is the enemy of ASX resources shares
• ASX 200 down 0.6%: ResMed lower on Q3 update, Beach Energy crashes 23%
• Why ASX lithium shares like Orocobre (ASX:ORE) soared in April

Tristan Harrison owns shares of Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Altium. The Motley Fool Australia owns shares of 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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The PPK Group Limited (ASX: PPK) share price is climbing high today. As of writing, shares in the technology and mining equipment company are trading for $8.47 – up 15.55%. By comparison, the S&P/ASX 200 Index (ASX: XJO) is down 0.95%.

Today’s massive price rise comes as the company made a major breakthrough in an exciting new technology.

Let’s take a closer look at today’s news.

PPK Group share price rockets

In a statement to the ASX, PPK Group advised it has had a positive development surrounding the “equipment design and production methods” of its “high purity” Boron Nitride Nanotubes (BNNT). The company says the result means it has been able to greatly expand its BNNT production capacity.

According to Deakin University (which is a 50/50 partner with PPK Group in the company that develops the technology), BNNTs are flexible fibres that are “100 times stronger than steel but as light as carbon fibre.” The technology has the potential to be used in a range of industries, including “mining, medicine, and space travel.”

In the statement, PPK Group says it and Deakin University have been able to triple production of BNNT.

“This means annual BNNT production capacity per module could be in the order of 50kg which is more than three times the original BNNT production estimate of 15kg p/a per module as previously reported,” the company said. It also highlighted the fact the product still achieves 95% purity levels.

Due to the developments, the cost of production has increased from $700,000 to $850,000. However, this is a fraction of the increase in output. The company claims its subsidiary is “now the lowest cost pure BNNT producer in the world.” The potential for greater margins is clearly enticing investors, judging by today’s PPK Group share price action.

Management commentary

PPK Group executive chair Robert Levinson said:

Only 2 years ago when PPK acquired its 50% stake in BNNTTL, the company was producing only 3 grams per day (732 grams per year). The progress in developing Deakin’s patented technology to now produce 50 kg per year from a single module with a total capital cost of $850,000AUD, is nothing short of amazing.

He added:

This achievement confirms that BNNT Technology Limited is well advanced in terms of producing BNNT in pure grade and in commercial quantities which places us in an excellent position to advance upstream applications in partnership with Deakin University.

PPK Group share price snapshot

Over the past 12 months, the PPK Group share price has increased by around 170%. Just over the past few days, the company saw sustained share price rises after receiving a $750,000 government grant and appointing a new executive to its senior management team.

PPK Group has a market capitalisation of $730.2 million.

More reading

• Here’s why the PPK (ASX:PPK) share price reached a record high today

Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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As the end of quarterly reporting season approaches, here are the S&P/ASX 200 Index (ASX: XJO) shares brokers are eyeing after they reported their quarterly results. 

Buy rated ASX 200 shares 

Champion Iron Ltd (ASX: CIA) 

Champion Iron’s March quarter production has exceeded Macquarie’s expectations, with the miner producing above its nameplate capacity despite COVID-19 related interruptions. 

The broker highlighted Champion’s Bloom Lake Phase II expansion project which should double its nameplate capacity to 15Mtpa upon its scheduled completion by mid-2022 and the finalisation of its Kami acquisition. 

Current iron ore prices are well above Macquarie’s forecast which may translate into substantial earnings upside. The broker retained its outperform rating and increased its target price from $7.00 to $8.00. The Champion Iron share price is currently sitting around record highs of $6.82. 

Credit Corp Group Ltd (ASX: CCP) 

The Credit Corp share price has dipped lower after its trading update confirmed that sales volumes remain ~50% below pre-COVID levels in ANZ and the United States. Macquarie notes that there are some early indicators of a volume recovery for the receivables management business.

The broker believes Credit Corp’s dominant position in the ANZ market and growth in the United States should position it to outperform in the medium term. Despite the near-term weakness in sales, the company reiterated its earnings and dividend guidance. 

Macquarie retained its outperform rating with a $34.80 target price. The Credit Corp share price was trading around the low $30s range for most of February through to early April. Its shave have shed 10% this month to $29.19. 

IOOF Holdings Ltd (ASX: IFL) 

IOOF’s March quarter funds under management/administration of $203.9 billion was in line with Credit Suisse estimates. The result was driven by a positive performance from the financial markets, but offset by $4 billion in outflows. 

The broker comments that the outflows was worse than expected and impacted by product restructurings or departing advisors. However, the broker observed that outflows are slowing and positive momentum is building for IOOF’s platform and investment management. Credit Suisse believes there is a significant demand for advice and a large opportunity for companies such as IOOF to capitalise. An outperform rating was retained with a $5.00 target price. The current IOOF share price is sitting at $3.66.

More reading

• Not too late to buy these small ASX mining shares for the commodities boom
• What’s happening with the IOOF (ASX:IFL) share price today?
• Credit Corp (ASX:CCP) share price on watch following market update
• Why the IOOF (ASX:IFL) share price is on watch today
• These were the best performers on the ASX 200 last week

Motley Fool contributor Kerry Sun 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 BikeExchange Ltd (ASX: BEX) share price has jumped 9.5% higher today as investors react to Wednesday’s strong quarterly result.

Why is the BikeExchange share price rocketing higher?

On Wednesday, BikeExchange provided its March quarterly update for the period ended 31 March 2021 (Q3 2021).

The Aussie online cycling marketplace reported net cash of $18.9 million following a successful $20 million initial public offering (IPO). The BikeExchange share price surged 23% higher upon listing after listing at $0.26 per share.

BikeExchange reported “solid growth” across all sources of revenue in the March quarter highlighted by total transaction value (TTV) up 220% compared to the prior corresponding period (pcp).

A record number of consumer transactions helped spark 142% growth in transaction volume compared to Q3 2020. Notably, active retail accounts were also up from December 2020 numbers.

BikeExchange recorded 7.0 million traffic sessions for the March quarter – an 87% increase on pcp. Yet another highlight was annualised sales enquiry value of over $1.6 billion delivered to retailers. The BikeExchange share price has today rocketed 9.5% higher after also gaining 5% on Thursday.

Global CEO Mark Watkin said, “The Q3 growth has been achieved to date without real deployment of the capital raised”. “We’re now looking forward to further growth, helping us realise our purpose of making it easy for customers to buy and sell all things bike”, he added.

BikeExchange reported look through revenue up 54 to $1.4 million with look through e-commerce commission up 847% versus Q3 2020. Subscription revenue grew month on month with March 2021 revenue up 6% on December 2020 figures.

Foolish takeaway

The BikeExchange share price has been on fire today on the back of the high growth figures. It follows a strategic partnership agreement with Auteco, a Colombian motorcycle assembler and electric vehicle distributor.

The Aussie marketplace also added 5 new employees to the company in line with strong growth. BikeExchange shares remain down from the $0.26 per share listing price despite Friday’s gains.

More reading

• AMP (ASX:AMP) narrowly avoids second strike on remuneration
• Estia Health (ASX:EHE) share price jumps 7% to new 52-week high
• 2 buy-rated ASX dividend shares to snap up in May
• Novonix (ASX:NVX) share price takes a 5% hit despite quarterly results
• 2 quality ETFs for ASX investors in May

Motley Fool contributor Ken Hall 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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If there’s one thing shareholders hate, it’s seeing leadership dish out big dollars while the company underperforms. AMP Ltd (ASX: AMP) has been in the firing line for this very issue for years, with today’s annual general meeting (AGM) bringing it front and centre.

At the time of writing, the AMP share price is 2% lower to $1.11 a share. 

Aside from discussing turnaround plans, the main focus of the AGM was whether the remuneration report would pass on shareholder’s votes.

A win for AMP, kind of

We reported on the potential for AMP to face a shareholder revolt earlier in the week. As the AMP share price continues to decline on less-than-optimal performance, the Australian Shareholders’ Association (ASA), along with other proxies and shareholders, looked to vote against the remuneration report.

The reason for a no vote is centred around the lack of long-term incentives. Only 25% of the proposed payments were built around longer-term milestones. On top of that, there was pushback on retention-based schemes that essentially involve paying leadership just for ‘showing up’.

Now, that might float the boat for companies that have been delivering exceptional performance, but AMP doesn’t fit that description in the minds of many shareholders. Hence, the expectation was that the 25% vote against had a high chance of being hit. Which would have meant further modifications to the report.

Luckily (arguably unlucky for some) the no vote narrowly missed the 25% required, at 23.82%. That means the remuneration will stay as it is, allowing leadership to collect their retention awards.

The vote is a win for AMP in a way, enabling it to avoid the embarrassment of receiving a second strike. However, it does little to rebuild the relationship between shareholders and the company.

AMP looking for a share price reprieve

AMP is no doubt hoping for better things to come under the guide of chair Debra Hazelton and new CEO Alexis George. The disrupted incumbent is undertaking a major transformation to reinvigorate what was once a beaming financial services business.

However, as Hazelton states, “Transformations of this scale are difficult. They take time to get right, and it is often hard to see progress in the earlier stages.”

Progress is exactly what AMP shareholders will be looking for in the near future. From some of the questions in the AGM, it’s not hard to tell some are nearing the end of their patience. Considering the 72% AMP share price erosion in the last 3 years, it’s not hard to see why.

More reading

• Why the AMP (ASX:AMP) slumped to a new 52-week low
• AMP (ASX:AMP) share price down, facing shareholder revolt this week
• Could value finally be emerging for the embattled AMP (ASX:AMP) share price?
• History is on the side of the battered AMP (ASX:AMP) share price as it plans its demerger
• AMP (ASX:AMP) is the most traded ASX 200 share today

Motley Fool contributor Mitchell Lawler 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 Estia Health Ltd (ASX: EHE) share price has jumped 7.5% higher in today’s trade. Shares in the Aussie aged care operator have finished the week on a good note by climbing to a new 52-week high.

Why is the Estia Health share price surging?

Shares in the Aussie aged care operator have surged 7.5% higher despite no new announcements from the ASX company since February.

One factor that could be driving the aged care operator is actually what’s happening to a rival, Japara Healthcare Ltd (ASX: JHC). The Japara share price shot 25% higher today after receiving a takeover proposal valued at $1.04 per share.

Not-for-profit group Cavalry Health Care has today lobbed a takeover offer at Japara. Cavalry is proposing to acquire all Japara shares under a scheme of arrangement which would value it at $277.9 million

Japara shares have rocketed to $1.00 per share on the news and hit a new 52-week high of their own. It looks like that’s causing a ripple effect through the aged care sector as investors wonder about other potential takeover targets.

That has sparked a surge in the Estia Health share price on Friday. The company’s shares have rocketed to a new 52-week high as we approach the end of the trading week.

Foolish takeaway

Aged care operators saw their valuations get smashed in 2020. The coronavirus pandemic and subsequent outbreaks and lockdowns put pressure on ASX shares like Japara and Estia.

The Estia Health share price has recovered in 2021 and currently sits at $2.50 per share. That gives the company a $653 million market capitalisation ahead of Friday’s close.

Conditions such as these are prime for potential takeovers. A struggling sector with depressed valuations could mean others such as Cavalry sniff an opportunity for a good buy.

Investors seem to think that may be the case, with the Estia Health share price shooting higher following the Japara news.

More reading

• Why the Japara (ASX:JHC) share price is rocketing 23% in morning trade

Motley Fool contributor Ken Hall 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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With interest rates likely to remain low for some time to come, the dividend shares listed below could be top options for anyone seeking a passive income stream.

Here’s why these dividend shares are rated as buys:

Coles Group Ltd (ASX: COL)

This supermarket operator could be a good option for investors. Particularly given the weakness in the Coles share price in 2021.

Since the start of the year, the company’s shares have lost 12% of their value. This compares to a 5% gain by the ASX 200 over the same period.

One broker that sees this as a buying opportunity is Goldman Sachs. Earlier this week the broker responded to Coles’ third quarter update by retaining its buy rating and trimming its price target slightly to $20.50.

Goldman is also forecasting dividends per share of 62 cents in FY 2021 and 66 cents in FY 2021. Based on the current Coles share price of $16.34, this will mean fully franked yields of 3.8% and 4%, respectively, over the next two years.

Sonic Healthcare Limited (ASX: SHL)

Another ASX dividend share to look at is Sonic Healthcare. It is a global healthcare provider with specialist operations in laboratory medicine, pathology, diagnostic imaging, radiology, general practice medicine, and corporate medical services.

Sonic has been performing very positively in FY 2021. While this has been driven largely by COVID testing globally, the rest of the business has been on form as well.

Positively, COVID testing isn’t going anywhere soon, even with vaccines rolling out. As a result, Sonic looks well-placed to continue its strong growth into FY 2022.

Credit Suisse expects this to be the case and has put an outperform rating and $40.00 price target on its shares.

It is also forecasting partially franked dividends of 93 cents per share in FY 2021 and 97 cents per share dividend in FY 2022. Based on the current Sonic Healthcare share price of $35.77, this will mean yields of 2.6% and 2.7%, respectively.

More reading

• What happened to the Coles (ASX:COL) share price over April?
• Is the Woolworths (ASX:WOW) share price a buy after its Q3 update?
• Are Woolworths (ASX:WOW) shares too expensive?
• What are brokers saying about the Coles (ASX:COL) share price?
• Brokers name 3 ASX shares to buy now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool Australia has recommended Sonic Healthcare 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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Novonix Ltd (ASX: NVX) shares are plummeting today and (so far) news of the company’s quarterly results hasn’t boosted its share price back into the green. At the time of writing, the Novonix share price is down 5%, trading for $2.31.

So, what has the graphite miner and battery maker been up to over the last quarter? Let’s take a look.

Novonix’s third quarter

Novonix released both its cash flow report and its activities report for the quarter ended 31 March early this afternoon.

While they contained mostly positive news, it hasn’t been enough to bring the Novonix share price out of its slump just yet. 

The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) was a loss of around $2.4 million.

During the quarter, it completed director placements worth a total of approximately $16.5 million. It also completed an oversubscribed institutional placement worth $115 million. The funds will go towards Novonix’s anode material productions and the commercialisation of its cathode materials.

At the end of the quarter, the company had around $131 million in the bank.

Novonix also made a number of positive announcements over the third quarter. The company entered into a five-year research sponsorship agreement with Dalhousie University and partnered with Emera Technologies to innovate residential energy storage technology.

It was awarded around US$5.5 million from U.S. Department of Energy for its furnace technology development with Harper International. This quarter Novonix has continued working with Harper to create specialised furnace technology, which allows it to enhance its synthetic graphite manufacturing process.

As a result of this process, Novonix has been able to begin production of material, leading it to the next steps of customer qualification programs for Samsung Electronics Co Ltd, Sanyo and other cell and automotive manufacturers.

Finally, it listed on the OTCQX International Index. Novonix is now listed on the ASX, the OTCQX and the Frankfurt Stock Exchange.

Novonix share price snapshot

Despite a poor day on the ASX, the Novonix share price has had a brilliant year so far.

Currently, the Novonix share price is up 86% year to date. It’s also up a whopping 824% over the last 12 months.

The company has a market capitalisation of around $970 million, with approximately 396 million shares outstanding.

More reading

• What’s happening with the Novonix (ASX:NVX) share price today?
• Why is the Novonix (ASX:NVX) share price up 8% this morning?

Motley Fool contributor Brooke Cooper 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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If you don’t have the funds to build a truly diverse portfolio, then exchange traded funds (ETFs) could be worth considering. 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 two ETFs that trade on the ASX that could be good options. They are as follows:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The BetaShares Asia Technology Tigers ETF provides investors with exposure to many of the biggest tech shares in the Asia market.

Among the companies included in the fund are Alibaba, Baidu, JD.com, Meituan Dianping, NetEase, and Tencent.

Tencent is a multinational technology conglomerate and one of the largest companies in the world. Its communication and social platforms, Weixin (WeChat) and QQ, connect over a billion users with each other and with digital content and services. It also has a rapidly growing games business.

Another company in the fund is Alibaba. It is often referred to as the Amazon of China. It has close to a billion customers across its Alibaba, Taobao, and Tmall brands. From these platforms, the company is estimated to control a sizeable 56% of China’s e-commerce market.

A third company in the fund is Meituan Dianping. It is a bit of a hybrid of Uber Eats and Expedia. Its apps connect consumers with local businesses for food deliveries, hotel bookings, movie tickets, and many other services. During FY 2020 the company was making 24.5 million food deliveries per day and reached almost 500 million active customers.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

The VanEck Vectors Morningstar Wide Moat ETF gives investors easy access to a diversified portfolio of fairly priced US companies with sustainable competitive advantages.

At present there are a total of 49 shares included in the fund. These includes well-known companies such as Amazon, Bank of America, Berkshire Hathaway, Constellation Brands, Intel, McDonalds, and Microsoft.

Warren Buffett looks for moats (sustainable competitive advantages) when he’s picking shares to invest in and it’s not hard to see why. This ETF has smashed the market over the last five and ten years.

In respect to the last five years, the ETF has generated an average return of 19.3% per annum. This compares to a 16.4% per annum return by the S&P 500.

More reading

• 2 outstanding ETFs for ASX growth investors to buy
• 2 outstanding tech ETFs for ASX investors to buy this month
• 3 high quality ETFs for ASX investors to buy
• 2 highly rated ASX tech shares to buy this month
• Love tech shares? This ASX ETF is a great buy today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended VanEck Vectors Morningstar Wide Moat 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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