In September 2019, FDH Bank pledged MK450 million in sponsorship for Malawian football in a five-year deal. The sponsorship will fund a national league cup at a cost of MK90 million per year, providing an MK53.6 million prize fund. Under the new deal, the competition winners will receive MK25 million, a record sum in domestic Read More…
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I think there are only a few ASX shares that are going to be able deliver very strong returns over the rest of the decade. If I were going to buy one share and hold it through the 2020s it’d be Pushpay Holdings Ltd (ASX: PPH).
Pushpay is a digital donation business. It facilitates electronic giving to the large and medium US church sector.
Cash used to be the clear leader in how people donated to churches. Pushpay is at the leading edge of enabling donations these days with its technology. It offers an app for the church to connect with the congregation. Not only does it allow people to donate through the app, but there are various other community things that can be done in the app including livestreaming services.
Pushpay’s technology is very useful in this period with COVID-19 impacting the US. Social distancing and restrictions have significantly brought forward adoption of Pushpay.
I think a lot of shares are going to produce better returns than cash over the next five to ten years.
However, there are only a certain number of ASX shares that are going to end up outperforming the market by a lot.
I believe Pushpay could be one of those to do very well. On the revenue side of things, it was already doing well – in FY19 it grew revenue by 40%. In FY20 it grew revenue by 32%.
For me, one of the most attractive things about Pushpay is that it’s rapidly growing its profit margins. In FY20 the ASX share managed to increase its gross profit margin from 60% to 65%. Even more importantly, its earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) margin also rose by five percentage points from 17% to 22%.
This rising profitability means that new revenue adds more to Pushpay’s bottom line than in previous years. It shows that Pushpay is a very scalable business.
Whilst the company is aiming for US$1 billion of revenue, which represents huge growth from where Pushpay’s revenue is at the moment (it generated US$129.8 million of revenue in FY20), I think it’s the increase in profitability that is the most exciting thing about the ASX share.
Pushpay is steadily growing its market share of a sector that is likely to keep seeing regular yearly donations for a very long time. Plus, I think people would keep donating even during tough times – as they are right now. To me, Pushpay is a pretty defensive business on top its growth potential.
At the current Pushpay share price it’s priced at 41x FY21’s estimated earnings. This is the current year, where Pushpay is expecting to double its EBITDAF to a range of US$50 million to US$54 million.
I think there’s a lot of growth potential from just the core Pushpay business.
However, I believe that there is a lot of other growth avenues that Pushpay could target along the road. For starters, there are other countries with churches that it would be pretty easy for Pushpay to just shift its software across to.
There are obviously other religions that the ASX share could target in the US and abroad.
Outside of religious donations, there is a huge amount of global donations for other charities and causes that are processed by other providers that Pushpay could try to organically grow into, or acquire a bolt-on acquisition to kickstart that diversification.
This additional growth may not be at the front of Pushpay’s plans, but I think it shows there is long-term growth potential with this business.
I think Pushpay is one of the most exciting shares on the ASX. I’d be very happy to buy some shares today.
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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 PUSHPAY FPO NZX. The Motley Fool Australia has recommended PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.
To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.
This time around I have picked out the three ASX shares that are listed below:
It certainly hasn’t been a smooth ride, but this electronic products company’s shares have been strong performers over the last decade. The majority of its gains have come in the last few years after low interest rates sent the gold price hurtling higher, underpinning very strong demand for its leading metal detectors. Overall, the Codan share price has generated an average total return of 18.6% per annum during the last 10 years. This would have turned a $20,000 investment into $164,000.
Domino’s has been growing its sales and earnings at an above-average rate over the last decade. This has been driven by the pizza chain operator’s highly successful focus on technology, such as mobile ordering, and its expansion across Australia, Japan, and several European countries. This has led to Domino’s shares delivering investors an average total return of 33% per annum. This means that if you had invested $20,000 into its shares 10 years ago, your investment would now be worth just under $350,000.
This leading private healthcare company has successfully expanded its operations over the last 10 years via acquisitions and developments. It now has a total of 480 facilities across 11 countries, making it one of the largest and most diverse private healthcare companies in the world. Combined with growing demand for healthcare services due to ageing populations and increasing chronic disease, this has underpinned solid earnings growth over the last decade. Which has led to its shares generating a market-beating average total return of 17% per annum. This would have turned a $20,000 investment in 2010 into over $96,000 today.
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.*
In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Domino’s Pizza Enterprises Limited and Ramsay Health Care Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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U.S. COVID-19 stimulus uncertainty weighed on sentiment last week and led to the S&P/ASX 200 Index (ASX: XJO) dropping lower. The benchmark index lost 9.8 points or 0.2% of its value to end at 6,167 points.
Fortunately, not all shares dropped lower with the market. Here’s why these were the best performers on the ASX 200 last week:
The Pro Medicus share price was the best performer on the ASX 200 last week with a 12% gain. This appears to have been a delayed reaction to an announcement a week earlier which revealed that the healthcare imaging software provider has signed a milestone contract in Germany. Pro Medicus has signed a seven-year deal with LMU Klinikum worth a total of A$10 million. The contract will see its Visage 7 technology deployed throughout LMU Klinikum’s radiology and subspecialty imaging departments.
The BlueScope share price was on form and charged 9.2% higher over the five days. All of this gain came on the final day of the week after the steel producer released its guidance for the first half of FY 2021. According to the release, BlueScope expects to report underlying earnings before interest and tax (EBIT) of $340 million for the first half. This represents a 30% increase on the second half of FY 2020 and a 12.4% lift on the prior corresponding period.
The Qantas share price wasn’t far behind with a gain of 8.1% last week. A reduction in COVID-19 cases in Australia and its annual general meeting presentation appear to have helped drive its shares higher. The latter revealed significant cost cutting plans and management’s belief that it will win a greater share of the domestic market due to Virgin Australia’s new strategy.
The Challenger share price was a positive performer last week and rose 7.9%. This latest gain stretched the annuities company’s month to date gain to a sizeable 25%. A week earlier Challenger released its first quarter update and reaffirmed its guidance for FY 2021. It continues to expect normalised net profit before tax in the range of $390 million and $440 million.
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Challenger Limited and Pro Medicus Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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The S&P/ASX 200 Index (ASX: XJO) wasn’t able to repeat the heroics of the previous week and dropped lower last week amid U.S. COVID-19 stimulus uncertainty. The benchmark index fell 9.8 points or 0.2% to 6,167 points.
Four shares that fell more than most last week are listed below. Here’s why they were the worst performers on the ASX 200:
The Iluka share price was the worst performer on the ASX 200 last week with a massive 47.2% decline. However, this decline relates to the demerger of its Deterra Royalties (ASX: DRR) business and nothing untoward. Eligible shareholders received 1 Deterra Royalties share for every Iluka share they own. The Deterra Royalties share price ended the week at $4.60, which offset most of the $4.78 decline in the Iluka share price.
The Resolute share price was out of form and sank 11.5% lower last week. Investors were selling the gold miner’s shares after the release of a disappointing third quarter update. Resolute’s production was down notably quarter on quarter and its costs jumped meaningfully higher. In light of this, management expects its full year production to be at the low end of its guidance range and its costs to be at the high end.
The Megaport share price wasn’t far behind with an 11.2% decline over the five days. The catalyst for this decline was the elastic interconnection services provider’s first quarter update. Investors appear to have been disappointed with its slower than normal revenue growth. However, the company did report strong growth port numbers during the quarter. This is a leading indicator for growth, which could mean Megaport bounces back in the second quarter.
The GrainCorp share price was a poor performer and dropped 10% last week. This was despite there being no news out of the grain producer. However, its shares were up 8% month to date prior to the start of the week. Some investors may have decided to take a bit of profit off the table.
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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 recommends MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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I think that Rural Funds Group (ASX: RFF) is a great ASX dividend share for both its income growth and diversification for investors.
Rural Funds is a farmland real estate investment trust (REIT). It owns a variety farms including cattle, almonds, vineyards, macadamias and cropping (cotton and sugar).
It’s good to see this level of diversification because it’s hard to say which farm type will deliver the best returns over the coming years.
These farms aren’t just diversified by farm type, but they are also diversified because they’re located across different states and different climates. It’s good that risk is lowered with this diversification.
Not only are the farms themselves diverse and strong, but most of the tenants are large and quality as well. That means they’re likely to keep paying their rent, even if times get tough. Many of them are listed either on the ASX or elsewhere. Some tenants include: JBS, Olam, Treasury Wine Estates Ltd (ASX: TWE), Select Harvests Limited (ASX: SHV) and Australian Agricultural Company Ltd (ASX: AAC).
It’s important to remember that Rural Funds doesn’t take on the operational risks that the tenants do. But Rural Funds does own a large amount of water entitlements that are leased to tenants for them to use. I think that’s a good strategy considering the recent drought issues that the agricultural sector has faced.
The REIT has been adding to its diversification over the years and I think it will become even better over time.
A key part of any business delivering market-beating returns these days is the ability to deliver growth. Some ASX tech shares are priced highly, whilst ASX dividend shares are looking a bit wobbly because of their impacted earnings.
Rural Funds is proving that it can continue to deliver rental earnings growth thanks to the way it’s set up.
Its rental contracts have rental indexation growth built into them. That growth is linked to CPI inflation or it’s a fixed 2.5% annual increase, with some contracts having market reviews. These rental increases are a big reason that the ASX dividend share can target an annual 4% increase to the distribution.
Another pillar to the growth of Rural Funds is its investing in productivity improvements. Rural Funds regularly retains some of its rental profit to invest in its farms to improve their productivity. This is particularly useful in a sector like cattle. The improvements can increase the rental income and capital value of the farms.
The final area of growth for Rural Funds is acquisitions. The ASX dividend share can make accretive acquisitions to grow its portfolio and then invest in those acquisitions to be more productive or change the farm type to a better use.
Rural Funds is certainly not cheap after rising 15% since the start of August. It offers a FY21 distribution yield of 4.8%. I think that’s a solid starting yield which is projected to grow by 4% per annum for the foreseeable future.
It’s currently trading at a 21% premium to the adjusted net asset value (NAV). But the quality ASX shares with good assets like Goodman Group (ASX: GMG) are trading expensively at the moment because of the ultra low interest rates. I don’t think the premium should put off investors who are more focused on dividend income.
Rural Funds is one of the few ASX dividend shares that kept growing its dividend/distribution during the difficult COVID-19 crash period. For strong income, I think Rural Funds is one of the best options out there. But there are a few other ASX dividend shares I’m also looking at.
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Motley Fool contributor Tristan Harrison owns shares of RURALFUNDS STAPLED. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Treasury Wine Estates Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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The Laneway Resources Ltd (ASX: LNY) share closed up 14% today. This comes following the company’s announcement on the completion of its first blast at the high grade Sherwood deposit at its 100% owned Agate Creek gold mine in North Queensland.
The emerging miner, with a market cap of $30 million, is no stranger to wild share price swings. Despite today’s 14.3% gains, the share price is down 20% year-to-date. Over that same time the All Ordinaries Index (ASX: XAO) is down 6%.
Laneway Resources is an emerging Australian resource development and mining company. Most of its projects are gold-focused in Queensland and New Zealand. The company also has a coking coal resource project in New South Wales.
Laneway revealed that the first blast, completed yesterday at Agate Creek, exposed the first ore as mining starts. It expects approximately 9,000 ounces of gold will be mined in 2 stages the Sherwood Open Pit in the current campaign.
The company plans to mine 43,000 tonnes @ 6.5g/t from Sherwood and that the initial 18,000 will be processed this quarter at the Lorena Gold Mine CIL processing plant. That will occur at a fixed price over 3 weeks starting around mid-November. It forecasts gold recoveries will be approximately 90%.
Laneway expects to stockpile the remaining 25,000 tonnes for transporting and processing after the wet season. It also expects to see significant positive near-term cash flow and to receive the majority of the payment for the gold it produces in the first stage before the end of the year.
Commenting on the results, Laneway chair Stephen Bizzell said:
Commencement of mining activities at Sherwood on time is a great outcome for Laneway shareholders and we will be processing ore very soon through Lorena’s mill.
This means that significant revenue will be flowing to the company. The processing deal we have struck with Lorena enables payment by year end for the majority of the gold produced during this campaign.
This sets the company up well for a busy 2021 as we focus in parallel on the planning, approvals and development of the larger volume of high grade ore encompassed by the larger Whittle pit shell and then turn our attention to options for onsite processing of the almost half a million ounces identified at Agate Creek.
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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The Finbar Group Limited (ASX: FRI) share price had the wobbles today after the company announced completion of its Riverena apartments.
The news initially dropped the property developer’s share price down to 72.5 cents before lifting higher to 75.5 cents, up 3.4% in mid afternoon trade. However, the Finbar share price later again retreated, sliding back down to close at 72 cents, down 1.37%.
Let’s take a closer look.
Located in Western Australia, Finbar is engaged in property development. The company focuses on developing medium-to-high density residential buildings and commercial offices. Finbar operates in apartments, commercial, retail, and leasing.
Finbar advised today that its Riverena development in Rivervale, Western Australia, had reached practical completion. The end value across all residential lots is estimated to be $52 million.
Despite the impact of COVID-19, the project has secured $22.2 million in pre-sales with 56 apartments under contract. Owner occupiers make up the majority of buyers, accounting for 70% of sales to day. About 20% of the apartments under contract were attributed to first homebuyers.
Settlement on the pre-sold units at Riverena is expected to start in November, with revenue to contribute to FY21’s earnings.
Commenting on the achievement, Finbar managing director Darren Pateman said:
The Riverena project is part of a significant investment in the growing Rivervale precinct which will benefit local residents and businesses in the area, and will lead on to the continuation of our developments in the precinct on other land in which we have an interest.
The sales secured at the project to date indicate a growing confidence in the market which can be attributed in part to recent government stimulus measures and the strength of the WA economy in relation to other states and countries.
This improvement in sentiment has resulted in October 2020 on track to be the largest sales month in two years, which again points to a gradual recovery in the Perth residential market.
Mr Pateman called on the Western Australia government to remove the foreign buyers’ surcharge, saying he believed the added cost had stopped overseas investor activity and could prevent sustained growth in the housing market. He added:
Confidence in the WA market is improving and it is important to keep that momentum moving in the right direction by encouraging investors back into the market, and we believe removing the foreign buyers’ surcharge will contribute significantly to that whilst further boosting employment for the construction sector generally.
The Finbar share price has skyrocketed over the past week, jumping more than 17%. At a current market capitalisation of $197 million, the Finbar share price looks to be recovering some lost ground. Shares in the property developer fell to 52 cents in March after achieving a 52-week high of $1.01 in February.
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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The S&P/ASX 200 Index (ASX: XJO) was mixed today. It finished down 0.1% to 6,167 points.
Here are some of the highlights from the ASX today:
NAB announced some more costs for FY20 today.
The bank said that its profit will be reduced by a net increase in provisions for customer-related remediation matters amounting to $380 million before tax, or $266 million after tax. Of this, $245 million before tax ($172 million after tax) is for wealth-related matters which are now included in NAB’s discontinued operations. The other $135 million before tax ($94 million after tax) is for banking-related matters.
There is also going to be a net increase in payroll remediation provisions of $128 million before tax ($90 million after tax). The ASX 200 bank said that it has identified a range of potential incorrect payments dating back to October 2012.
In addition to the above, there is an impairment of property-related assets of $134 million before tax ($94 million after tax).
NAB said that the above provisions and impairment is expected to reduce the bank’s common equity tier 1 (CET1) capital ratio by approximately 15 basis points (0.15%).
The impairment of the property assets relates to the fact that more of NAB’s employees are expected to adopt a flexible and hybrid approach to working over the longer term. This is expected to include a mix of working remotely and in offices for the purposes of collaboration, planning and creating the right culture.
In reaction to today’s update, the NAB share price went up by 0.6%.
The ASX 200 airline company held its annual general meeting (AGM) today.
Whilst delivering his speech, CEO Alan Joyce spoke about a number of points.
He blamed the closed borders for negatively impacting the FY21 first quarter earnings by $100 million. The border closure impact is expected to continue into the second quarter.
If the borders had stayed open, Qantas thought its domestic operations would be operating at about 60% of pre-COVID levels by now. But it’s currently operating below 30%.
Assuming Queensland opens to New South Wales in the coming weeks, Qantas expects domestic capacity to reach up to 50% by Christmas.
Qantas also revealed that when South Australia opened to New South Wales, 20,000 seats were sold across Qantas and Jetstar in just 36 hours.
With most international travel off limits for a while, the airline is expecting to see a boom in domestic tourism once more borders open up.
Mr Joyce said that Qantas has identified $15 billion in cost savings over the next three years, mostly through reduced flying activity. It’s also targeting $1 billion of ongoing cost improvements from FY23.
Qantas said that its cashflow from continuing operations is positive before one-offs like redundancies. Mr Joyce boasted that Qantas could continue keep flying at this level for a very long time if it had to.
Loyalty and Qantas Freight are the two reasons why the ASX 200 company continues to be cashflow positive.
The Qantas share price went up by 2.7% in reaction to this news.
Steel business BlueScope announced an update today.
It advised today that it expects that its underlying earnings before interest and tax (EBIT) will be around $340 million for the first half of FY21. This would be a 30% increase compared to the second half of FY20.
All of its divisions are performing well with a segment result that will be similar or better compared to the previous half.
BlueScope managing director and CEO Mark Vassella said: “Despite the global disruption caused by COVID-19, we’ve had a solid performance from all our operating segments for the three months to 30 September. This is a clear demonstration of the effectiveness of BlueScope’s strategy and the resilience of our asset portfolio.
“Benchmark steel spreads have improved and demand in most of our markets is robust and the balance sheet is in excellent condition.”
The BlueScope share price went up 11%. It was the best performer in the ASX 200.
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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I think one of the best ways for investors to grow their wealth is to make long term investments in quality shares with strong business models and equally strong growth prospects.
Three growth shares that I think could provide outsized returns for investors are listed below. Here’s why I like them:
One of my favourite growth shares is this fresh milk and infant formula company. I think its shares could generate strong returns for investors over the next few years thanks largely to the increasing demand for its infant formula products in the massive China market. I expect this growing demand and its strong pricing power to underpin above-average earnings growth once the pandemic passes and trading conditions normalise.
I believe this leading printed circuit board (PCB) design software provider could be a great option for investors. It has been growing at a very strong rate over the last few years and looks well-positioned for more of the same in the coming years. This is thanks to its leading software and its exposure to the booming artificial intelligence and Internet of Things markets. Management certainly is confident in its growth trajectory and is targeting revenue of US$500 million by 2025-26. This will be a 150% increase on FY 2020’s revenue and I believe Altium is in a position to achieve it.
A final growth share to consider buying is Cochlear. I think the global developer, manufacturer, and distributor of cochlear implantable devices for the hearing impaired has very strong long-term growth potential. This is thanks to its leading position in a market with high barriers to entry and increasingly positive tailwinds. In respect to the latter, I expect Cochlear to benefit from ageing populations across the globe. After all, hearing loss is a part of growing old. So a growing number of over 65s globally can only be a good thing for the company in my opinion.
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.*
In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.
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*Returns as of 6/8/2020
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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 recommends Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. The Motley Fool Australia owns shares of and has recommended A2 Milk. The Motley Fool Australia has recommended Cochlear Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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