The e-commerce sector in Australia and New Zealand went from strength to strength in 2020.

According to the Salesforce Holiday Insights Hub and 2020 Holiday Predictions report, as reported by CMO, e-commerce sales increases in the region were the highest in the world, surging by 108% and 107% respectively in the second and third quarters of 2020.

The report reinforces the narrative that the coronavirus pandemic is continuing to impact shopping habits, with shoppers increasingly turning to online retailers. On that note, let’s take a closer look at the Redbubble Ltd (ASX: RBL) share price, one of the best performing ASX e-commerce shares of 2020. 

Redbubble share price outperforms in 2020 

Redbubble shares were among the top performing ASX shares of 2020, gaining nearly 400%.

Redbubble provides independent artists a platform to sell their creations and has enjoyed strong consumer demand for its unique and customised products. The company’s business model is powered by its loyal and growing artist community. New artists contribute to Redbubble’s marketplace growth, while more established artists provide sustained revenue for the platform. 

Changing retail landscape 

During its October 2020 annual general meeting, Redbubble highlighted several long-term retail trends that have emerged amidst COVID-19. The company quoted a number of consulting reports and publications including: 

• Forbes, which said that after this crisis consumers will be more discerning with discretionary purchasing and will seek meaningful purchases, particularly made-to-order.
• McKinsey, which highlighted the out-of-date sourcing model of the fashion industry which is characterised by long lead times, large order sizes and relatively low flexibility. It said that a transformation was needed, particularly in making sourcing more demand-driven and more sustainable on social and environmental dimensions.
• Which PLM, which sees on-demand manufacturing as a possible solution to overstocking risks as well as facilitating reductions in inventory costs and lead times.

According to Redbubble, it is in a strong position to leverage these trends by meeting consumer desire for customisation, delivering products created by independent artists and providing a large product range manufactured on-demand. 

Accelerating revenue growth 

Redbubble’s revenue accelerated through the second half of FY20. Its revenue for the month of July surged 132% on the prior corresponding period. The company’s growing scale and global footprint has translated into a 141% year-on-year increase in operating earnings before interest, tax, depreciation and amortisation (EBITDA) from $6.3 million in FY19 to $15.3 million in FY20. The company expects further profitable growth and recent macro shifts in online activity to accelerate its growth momentum.

Foolish takeaway

The Redbubble share price has started 2021 with a boom, jumping by almost 8% today so far. It will be interesting to see whether the above mentioned trends continue to benefit the company in 2021 and how this is reflected in the Redbubble share price. 

More reading

• Here are the best All Ordinaries performers of 2020
• Here’s how the S&P/ASX All Technology Index fared in 2020
• Why the Redbubble (ASX:RBL) share price has rocketed 415% in 2020
• 2 ASX shares to buy that are growing rapidly
• The most crazy ASX chart of 2020

Motley Fool contributor Lina Lim 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 Chalice Mining Ltd (ASX: CHN) share price has started 2021 in sensational form.

In afternoon trade the mineral exploration company’s shares are up 11% to $4.34.

Why is the Chalice Mining share price surging higher?

Investors have been fighting to get hold of the company’s shares on Monday following the release of an update on its Julimar operation.

This morning Chalice Mining announced that it has received a key access approval to additional exploration areas at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) project which is located ~70km north-east of Perth in Western Australia.

According to the release, the Minister for Environment has consent to initial non-ground disturbing activities within the Julimar State Forest under the approved Stage 1 Conservation Management Plan (CMP).

Management notes that this approval paves the way for the first ever Ni-Cu-PGE exploration activities within the State Forest. It also advised that its exploration activities will have negligible impact on vegetation, fauna, or recreational activities within the area, and will be governed by the approved CMP.

Why explore there?

The company has high hopes for this particular area. This follows the first-ever airborne electromagnetic (AEM) survey over the area in September, which identified several large-scale EM anomalies. These have been named Hartog, Baudin, and Jansz.

These were located directly along strike from the company’s “world-class” Gonneville PGE-Ni-Cu-Co-Au discovery.

Management believes the three targets represent high quality greenfield discovery opportunities over ~20km of strike length across the interpreted Julimar layered mafic-ultramafic intrusive complex.

The highest priority is the Hartog anomaly, given its similar EM signature to the Gonneville discovery.

What now?

Initial exploration activities within the Julimar State Forest will commence in the coming weeks and are anticipated to be completed in the first quarter of 2021.

Chalice’s Managing Director, Alex Dorsch, commented: “This access approval has been eagerly anticipated and is highly significant, as it allows us to finally start to understand the true scale of the Julimar discovery. The targets to the north of the world-class Gonneville discovery have the potential to add material value to the project and we are incredibly excited to be the first on the ground.”

More reading

• Here are the best All Ordinaries performers of 2020

Motley Fool contributor James Mickleboro 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 AGL Energy Limited (ASX: AGL) share price has climbed off a 52-week low today in a positive start to the new year. 

At the time of writing, the AGL share price is trading up 1.26% at $12.10.

Why was the AGL share price at a 52-week low?

Shares in the Aussie energy generator and retailer finished 2020 at a 52-week (and 5-year) low of $11.95 per share. 

The AGL Energy share price slumped 6% in December after downgrading its earnings guidance for FY2021.

That sharp share price move came after a serious injury at the company’s Liddell power station on 18 December. 

All of these events combined to send the AGL Energy share price tumbling to close out the year at a 52-week low.

That trend has reversed this morning with shares in the energy group climbing higher. 

There’s been no new announcement since the earnings guidance on 21 December to trigger a share price move.

However, broader market confidence could be a factor in today’s share price climbs. The S&P/ASX 200 Index (ASX: XJO) has started the year strongly, climbing 1.2% higher to 6,667 points.

The AGL share price has been one of the movers pushing the market higher. Other big names that are gaining include Fortescue Metals Group Limited (ASX: FMG) and Wesfarmers Ltd (ASX: WES).

Fortescue shares have jumped 3.4% in early trade while the Wesfarmers share price is up 1.6% at $51.20 per share.

What about the other ASX energy shares?

2020 was a tough year for the AGL share price and the company’s shareholders. However, it was a similar story for many of the ASX energy shares given a slump in oil prices amid the coronavirus pandemic.

AGL’s largest ASX-listed competitor, Origin Energy Ltd (ASX: ORG), also struggled to make gains.

The Origin share price fell 44% last year and closed out 2020 with an $8.4 billion market capitalisation. 

Origin shares are currently trading at a price to earnings (P/E) ratio of more than 100 while the AGL share price is trading at a 7.7 P/E ratio.

More reading

• Will the Fortescue (ASX:FMG) share price double again in 2021?
• ASX 200 up 0.8%: CBA storms higher, Link sinks, tech shares rise
• 5 things to watch on the ASX 200 on Monday
• Disappointments from the ASX 200’s best ever December quarter
• These were the worst performing ASX 200 shares last week

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Wesfarmers 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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The Credit Corp Group Limited (ASX: CCP) share price is pushing higher today after completing its acquisition of a purchased debt ledger (PDL) from Collection House Limited (ASX: CLH).

At the time of writing, the debt collection company’s shares are up over 1% to $30.06.

The same cannot be said for the Collection House share price. Its shares have returned to trade for the first time since February 2020 and are down 66% to 44 cents this afternoon.

What is happening?

Just before Christmas, Credit Corp announced that it would acquire the Australian PDL book of Collection House for approximately $160 million. This was the largest single PDL purchase in Credit Corp’s history according to its CEO, Thomas Beregi.

Under the terms of the agreement, Collection House can receive a portion of the collected funds that Credit Corp recovers. This is on the proviso that Credit Corp achieves above the level required to have a return on its investment.

This deal was made as part of the recapitalisation process for Collection House. The proceeds from the transaction were to be immediately applied to reduce its senior debt.

After which, Collection House’s existing lenders agreed to provide a new three-year senior debt facility of approximately $45 million on commercial terms and Credit Corp has provided it with a short term loan of $15 million for general corporate purposes.

What now?

While the deal with Credit Corp is technically complete, Collection House has revealed that it received an inquiry from the Australian Competition & Consumer Commission (ACCC).

The release explains that the ACCC has made an inquiry regarding the transaction and the company has responded to it.

No further details were given, but Collection House advised that it will continue to assist the ACCC with any further inquiries.

More reading

• These were the best performers on the ASX 200 last week
• ASX 200 up 0.5%: BHP Samarco update, A2 Milk’s acquisition, Credit Corp rockets
• Why the Credit Corp (ASX:CCP) share price is surging 19% higher today
• Why AVZ Minerals, BrainChip, BSA, & Credit Corp shares are storming higher

Motley Fool contributor James Mickleboro 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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Making a passive income from dividend stocks in 2021 could be a sound move. They offer high yields compared to other assets, as well as the potential to deliver impressive dividend growth in the long run.

However, with the economic outlook being uncertain, buying companies with defensive characteristics could be a logical move. So, too, could purchasing a diverse range of stocks with affordable dividends. The end result could be a more resilient income in 2021.

Making a passive income from defensive dividend stocks

Risks such as political instability in Europe and the coronavirus pandemic mean that passive income investors face an uncertain outlook in 2021. As such, it could be worth buying defensive stocks that offer a more resilient financial outlook.

Examples of industries that have historically been relatively defensive include utilities and consumer goods, such as tobacco. They may be less impacted by the performance of the economy, since their earnings may be less dependent on consumer confidence and GDP growth. The end result could be more stable dividend payouts that provide investors with a resilient income return.

Dividend affordability

Passive income investors may also wish to make sure that any potential purchases can afford their current level of dividends. After the stock market crash, some companies offer very high dividend yields at the present time. As such, it is easy for an income investor to become overly-focused on yields, rather than assessing the affordability of dividends. And, while a high yield is appealing, it is of little use if it cannot be paid.

Assessing the affordability of a company’s dividend can be undertaken through comparing shareholder payouts to net profit. If they are covered more than once by net profit then the company in question has headroom when making dividend payouts. Investors may wish to demand a figure above one at the present time due to the uncertain economic outlook. It may cause profit growth to stall, or even decline, for some businesses and sectors.

Diversifying among a number of dividend shares

Diversification is crucial for all passive income investors. They should avoid being reliant on a small number of companies for their dividends – especially if it is their main source of income.

Clearly, many sectors are facing difficult operating conditions at the present time. Therefore, holding a wider range of companies than is normally the case may be necessary in 2021. Although the economic outlook is due to improve, the first quarter or even half of the current year may prove to be a difficult period for many businesses.

Diversification can lead to a higher passive income in the long run. Through avoiding losses within a concentrated portfolio, an investor can enjoy a generous and rising income return in 2021 and in the coming years.

More reading

• Why the De Grey (ASX:DEG) share price is blasting 7% higher today
• Will the Fortescue (ASX:FMG) share price double again in 2021?
• Why BetMakers, Emerge Gaming, Infratil, & Tyro shares are pushing higher
• Why the Chesser (ASX:CHZ) share price is climbing higher today
• ASX 200 up 0.8%: CBA storms higher, Link sinks, tech shares rise

Motley Fool contributor Peter Stephens 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 De Grey Mining Limited (ASX: DEG) share price has been a positive performer on the first trading day of the new year. This comes after the company announced a change in its management team. During early afternoon trade, the De Grey share price is surging 6.87% to $1.09.

In comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is up 1.21% to 15,858 points.

What’s driving the De Grey share price higher?

The De Grey share price is on the rise today after the company advised it has appointed Mr Peter Canterbury as its new chief financial officer (CFO). The change in leadership follows the company’s ambitions to become a tier 1 gold producer from its Hemi Discovery in Western Australia.

According to the company, Mr Canterbury brings a wealth of knowledge to De Grey, as an experienced mining executive and certified practicing accountant. During his career, Mr Canterbury has developed competence in financial and corporate management, accounting, project financing, feasibility studies, contract negotiation, and mining operations.

For almost 20 years, Mr Canterbury has held several key positions within the mining sector. His most notable roles have included managing director of Triton Minerals Ltd (ASX: TON), CEO and executive director of Bauxite Resources Ltd and CFO and acting CEO of recently ASX-delisted company Sundance Resources Ltd.

Outgoing CFO Mr Craig Nelmes will continue to work as company secretary within the board.

Mr Canterbury is due to commence his role as the new company CFO in February 2021.

What did the managing director say?

Mr Glenn Jardine, De Grey managing director, commented on the CFO appointment. He said:

Peter is an important addition to the De Grey management team as we continue to increase our organisational capability across the business. His experience immediately enhances our capacity to progress the Hemi Gold Discovery from the resource definition phase through feasibility studies, financing, construction and into production.

In addition, Mr Jardine, went on to thank Mr Nelmes for his efforts, saying:

Craig Nelmes has been an integral part of the Company’s success through the last 7 years and is very accepting of the ongoing organizational transition of the Company towards Tier One production. We thank Craig for the energy and leadership he brought as CFO over the past seven years and are very pleased he will continue to have an important role in De Grey’s future.

De Grey share price summary

The De Grey share price has been one of the best performers on the ASX over the last 12 months, rocketing by more than 2,000%.

This time last year, the gold company’s share price was trading at around 5 cents, and went on to reach as high as $1.55 in September 2020. While many businesses suffered during COVID-19 lockdown restrictions, De Grey was busy drilling and providing strong results within the Hemi Discovery.

Based on the current De Grey share price, the company commands a market capitalisation of around $1.3 billion.

More reading

• Here are the best All Ordinaries performers of 2020
• Will ASX gold shares continue to shine in 2021?

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

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The Fortescue Metals Group Limited (ASX: FMG) share price has surged 3.54% higher this morning in a strong start to the year.

Today’s move continues the strong momentum we saw in 2020. Shares in the Aussie iron ore giant more than doubled last year in good news for shareholders.

So, what was the big driver for last year’s move and what’s the outlook for 2021?

Why the Fortescue share price surged in 2020

The major factor pushing Fortescue’s gains last year was a surging iron ore price.

Iron ore prices started 2020 at US$91.50 per tonne but finished the year at US$163.73 per tonne. Those are some impressive commodity price gains, especially in the midst of the coronavirus pandemic.

An infrastructure boom and sustained demand from China were big factors in pushing iron ore prices higher.

Strong iron ore demand has also boosted the Aussie dollar higher after underpinning Australia’s exports despite increasing geopolitical tensions.

How is iron ore looking this year?

No one has a crystal ball, but various sources are expecting iron ore gains to continue in 2021.

Global ratings agency S&P Global anticipates the high iron ore prices seen in recent months to continue in the first quarter of 2021.

The government’s mid-year economic and fiscal outlook (MYEFO) contained conservative forecasts for iron ore at US$55 per tonne. 

CBA senior economist Belinda Allen is predicting US$82 per tonne at the end of Q3 2021. That means a strong iron ore price could continue to support the Federal Budget and the Fortescue share price.

What about the other iron ore miners?

The Fortescue share price wasn’t the only mining share to experience strong gains in 2020.

Both the BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) share prices gained but nothing like the scale of Fortescue last year.

BHP shares climbed 9.0% while Rio Tinto jumped 13.4% as at year end versus a 1.5% loss for the S&P/ASX 200 Index (ASX: XJO).

More reading

• ASX 200 up 0.8%: CBA storms higher, Link sinks, tech shares rise
• 5 things to watch on the ASX 200 on Monday
• 2 ASX dividend shares with generous yields
• Disappointments from the ASX 200’s best ever December quarter
• Highlights from the ASX 200’s best ever December quarter

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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In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on track to start 2021 very positively. At the time of writing, the benchmark index is up a sizeable 1% to 6,653 points.

Four shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

BetMakers Technology Group Ltd (ASX: BET)

The BetMakers share price is up 3% to 69 cents. This morning the betting technology company revealed that its placement has completed successfully. BetMakers has raised $50 million (before costs) at $0.60 per new share from sophisticated and institutional investors. These funds are being used to acquire the racing and digital assets of UK-based sport betting company Sportech.

Emerge Gaming Ltd (ASX: EM1)

The Emerge Gaming share price has rocketed 18% higher to 9.3 cents. Investors have been buying the esports and gaming technology company’s shares following the release of an update on its MIGGSTER social gaming platform. According to the release, Emerge Gaming has banked its first cash receipts from the social gaming platform to the value of A$8.3 million. This covers the period 14 November to 31 December.

Infratil Ltd (ASX: IFT)

The Infratil share price is up 5% to $7.24 following an update on its data centres. According to the release, the investment company has experienced a significant increase in the value of its stake in CDC Data Centres. Infratil’s 48.1% investment in CDC is now valued at between A$2,039 million to A$2,334 million. This is up from A$1,597 million to A$1,807 million at 30 September 2020.

Tyro Payments Ltd (ASX: TYR)

The Tyro share price has climbed almost 5% to $3.34 following the release of its latest weekly update. According to the release, Tyro recorded transaction value of $2.626 billion during December. This is an increase of 19% on the same period a year earlier.

More reading

• Why the Infratil (ASX:IFT) share price is trading higher today
• Why the Emerge Gaming (ASX:EM1) share price is rocketing 33% higher today
• Why BetMakers, Flight Centre, Monash IVF, & Sydney Airport are dropping lower
• Here’s why the Betmakers (ASX:BET) share price is on watch today
• Here’s how ASX renewable energy shares have performed in 2020

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 Betmakers Technology Group Ltd and Tyro Payments. 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 Chesser Resources Limited (ASX: CHZ) share price is climbing higher today following a change in management.

In late-morning trade, the gold exploration company’s share price has risen 4.1% to 25 cents.

What did Chesser announce?

In today’s release, Chesser advised that it has appointed Andrew Grove as its new CEO. The change in the management comes as the company moves from its exploration activities to project development, in eastern Senegal.

Mr Grove’s technical, commercial and financial experience in the resources sector spans 30 years. This includes a 14-year tenure at Macquarie Group Ltd (ASX: MQG) mining finance and risk management groups.

Chesser said Mr Grove had a wealth of knowledge in operations across all phases of resources projects. Namely, the Sunrise Gold Dam project in Western Australia and his African gold mining experience at Perseus Mining Limited (ASX: PRU) as group general manager business development and investor relations.

The outgoing managing director, Michael Brown, will continue in an advisory role for the remaining time. Mr Brown’s duties will involve ensuring a smooth transition process for Mr Grove as head of the company.

Mr Grove’s position as Chesser CEO will come into effect on 1 February, 2021.

What did management say?

Commenting on the appointment, Chesser chair Mark Connelly said:

Having confirmed a significant gold discovery at the Diamba Sud project, the board of Chesser is transitioning the group’s focus from exploration to resource definition and project development.

Andrew’s unique blend of technical expertise, substantial project financing and capital markets experience, and exposure to African gold mining projects, makes him well suited to leading Chesser through the critical next phases of its development. Andrew will be based in Perth, Australia and will work closely with myself and the Australian-based directors.

How has the Chesser share price performed?

The Chesser share price has moved strongly over the past 12 months, gaining more than 226% for investors. The company’s shares hit a 52-week low of 4.5 cents last March, and reached a multi-year high of 32.5 cents in October.

Based on current share price levels, the company commands a market capitalisation of around $110 million.

More reading

• 3 mammoth IPOs of 2020
• ASX 200 Weekly Wrap: ASX hits new post-March high
• These were the best performing ASX 200 shares last week
• Why the Perseus Mining (ASX:PRU) share price is gaining today
• Why 2021 may be an even better year for ASX investors

Motley Fool contributor Aaron Teboneras 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.

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At lunch on Monday the S&P/ASX 200 Index (ASX: XJO) is on course to start the year with a strong gain. At the time of writing, the benchmark index is up 0.8% to 6,639.1 points.

Here’s what has been happening on the market today:

Bank shares higher.

The big four banks are on form today and are playing a key role in driving the ASX 200 index higher. While all the big four are recording solid gains, the best performer in the group has been the Commonwealth Bank of Australia (ASX: CBA) share price. At the time of writing, the shares of Australia’s largest bank are up a sizeable 1.4%.

Link share price sinks lower.

The Link Administration Holdings Ltd (ASX: LNK) share price is crashing lower today after the release of an update on a takeover approach by SS&C Technology Holdings. The NASDAQ listed global provider of investment and financial software made a conditional offer of $5.65 per share to acquire the company last month. Although the Link board stated that the offer undervalued Link, it still granted SS&C Technology due diligence. This was in the hope that a superior proposal would be made. Unfortunately, Link has revealed that SS&C Technology has now withdrawn its takeover proposal.

Tech shares rise.

It has been a positive start to the year for the Australian tech sector. Thanks to solid gains by tech shares such as electronic design software company Altium Limited (ASX: ALU) and artificial intelligence services company Appen Ltd (ASX: APX), the S&P ASX All Technology Index (ASX: XTX) is up 0.8% at lunch.

Best and worst ASX 200 performers.

The best performer on the ASX 200 on Monday has been the Pro Medicus Limited (ASX: PME) share price with a 4% gain. This is despite there being no news out of the health imaging software company. The worst performer has been the Link share price with a 15% decline. This follows the withdrawal of SS&C Technology’s takeover approach.

More reading

• Sonic Healthcare (ASX:SHL) share price gets fresh COVID boost
• Why Corporate Travel Management, Link, Strike Energy, & Sydney Airport are dropping lower
• Why the Link (ASX:LNK) share price is dropping 11% lower today
• 5 things to watch on the ASX 200 on Monday
• Disappointments from the ASX 200’s best ever December quarter

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 Appen Ltd and Link Administration Holdings Ltd. 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 Pro Medicus Ltd. The Motley Fool Australia has recommended Link Administration Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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