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The Northern Star Resources Ltd (ASX: NST) share price is moving higher in morning trade.

Northern Star shares closed yesterday at $8.60 and are currently trading for $8.68, up 0.9%.

This comes as the S&P/ASX 200 Index (ASX: XJO) gold miner released its investor presentation at the Bank of America Conference.

What did the company report at the BofA Conference?

Northern Star is one of the largest gold miners in the world. The company has producing mines in the US state of Alaska (Pogo) and Western Australia (Yandal and Kalgoorlie). The Aussie operations account for 85% of its total production.

All told, the miner reports it can sustainably produce some two million ounces of gold per year, citing continuing cost improvements and higher quality grades to increase profitability.

Investors may be bidding up the Northern Star share price on the report of its assets’ long mine life. The company forecasts at least 20 years of sustainable production, targeting a 20 million ounce reserve and a 60 million ounce resource.

On the environmental front, the gold miner is aiming for a 35% reduction in its emissions by 2030 with an end goal of net zero by 2050.

As for risk management, the miner has a three-year hedge book of 1.1 million ounces of gold at AU$2,446 per ounce. This represents around 20% of its gold production over the next three years.

The company also highlighted its previously reported results for the first half of the 2022 financial year (1H FY22). These included an underlying net profit after tax (NPAT) of $108 million and underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) of $699 million.

The forecast that its fourth-quarter performance will be better than its third-quarter performance could also be helping lift the Northern Star share price today.

And the updated dividend policy was discussed, which will see 20% to 30% of cash earnings (EBITDA less net interest and tax paid and sustaining capital) returned to investors as dividend payouts.

Northern Star share price snapshot

The Northern Star share price has struggled this year with gold prices currently down about 1% since 1 January.

Northern Star shares are down 8% in 2022, compared to a loss of 5% posted by the ASX 200.

The post What’s sending the Northern Star share price higher today? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Monday
• Why are brokers so bullish on the Northern Star share price?
• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Monday

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 Scott Phillips.

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The Tabcorp Holdings Ltd (ASX: TAH) share price is lifting from the open today and is currently trading 1.16% higher at $5.24.

It’s roughly in line with the S&P/ASX 200 Index (ASX: XJO) which is also trading 1.2% higher from the open today.

The Tabcorp share price might be on the move today following a company announcement yesterday regarding its spinoff of The Lottery Corporation Ltd (XASX: TLC).

What did Tabcorp announce?

Tabcorp advised that S&P Dow Jones Indices has announced it will make changes as a result of Tabcorp’s planned demerger from The Lottery Corporation.

Specifically, the ratings agency will make changes to the benchmark S&P/ASX 200 Index to reflect the separately formed entities.

Tabcorp said:

[A]s a result of the scheme of arrangement under which [Tabcorp] will spin-off [TLC] Tabcorp Holdings Limited, Tabcorp Holdings Limited will spin-off 1 share of The Lottery Corporation Limited for every 1 Tabcorp Holdings Limited share held. The Lottery Corporation Limited will be added to the S&P/ASX 200 Index effective prior to the open of trading on May 24, 2022 at a zero price.

There will be no removal from the S&P/ASX 200 Index as a result of the inclusion of The Lottery Corporation Limited.

Last week, Tabcorp shareholders “overwhelmingly approved ” the demerger following a shareholder vote, throwing their full support behind the move.

Subject to Supreme Court approval, Tabcorp says TLC shares should begin trading “on a deferred settlement basis” on Tuesday 24 May 2022, the same day as TLC’s inclusion into the ASX 200.

Tabcorp share price snapshot

In the last 12 months, the Tabcorp share price has clipped a 3.5% gain and has gained around 4% this year to date. Prices have compressed in the last month of trade and are down 2.6% in that time.

The company has a current market capitalisation of $11.6 billion.

The post Here’s why the Tabcorp share price is lifting on Wednesday appeared first on The Motley Fool Australia.

More reading

• Tabcorp share price rangebound following lotto demerger vote
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• ‘Hidden value’: The ASX share with a major catalyst coming
• Gambling & explosives: fund reveals 2 ASX shares to buy right now

Motley Fool contributor Zach Bristow 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 Scott Phillips.

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The Firefinch Ltd (ASX: FFX) share price is having a strong start to the day.

In early trade, the gold and lithium explorer’s shares are up 10% to $1.00.

Why is the Firefinch share price charging higher?

Investors have been bidding the Firefinch share price higher today after the company provided an update on the Morila Gold Mine in Mali.

According to the release, the Government of Mali has agreed to extend the establishment convention for the Morila Gold Mine for three years until 16 May 2025. The terms and conditions of the convention remain unchanged to allow the ramp-up of activities and gold production at Morila.

The release notes that the purpose of the convention is to lay down the general, economic, legal, administrative, financial, tax, customs and social terms and conditions as they relate to the Societe des Mines de Morila, the owner and operator of Morila.

The convention sits alongside the mining exploitation licence for Morila, which is valid until 4 August 2029. In due course, Firefinch will seek the further renewal of the convention to align with the term of the mining exploitation licence.

‘Morila the Gorilla’

Firefinch highlights that the agreement demonstrates the Government of Mali’s support of its activities at Morila, as well as the company’s efforts in supporting local communities through the revival of “Morila the Gorilla.”

The company’s Managing Director, Dr Michael Anderson, commented:

It is fantastic to have a strong relationship with the Malian Government who have shown tremendous support of Firefinch as we ramp up our activities at Morila. Since taking over ownership of the mine, we have worked to deliver on our “Mali first” motto and are pleased to employ a workforce that is 97% Malian. We are very focused on continuing the production ramp-up and look forward to building on our good working relationship with the Malian Government in doing so.

The post Why is the Firefinch share price shooting 10% higher today? appeared first on The Motley Fool Australia.

More reading

• Why has the Firefinch share price tumbled 22% in a week?
• Firefinch share price leaps 16% on Leo Lithium demerger
• These 3 ASX mining shares leapt more than 10% on Friday
• Firefinch share price tumbles 6% despite meeting gold production guidance

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has 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 Scott Phillips.

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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.

What happened

It’s been a bloodbath in the crypto market of late. For the past two weeks, crypto investors have seen impressive selling pressure, taking the likes of top tokens such as Cardano (CRYPTO: ADA), Solana (CRYPTO: SOL), and Chainlink (CRYPTO: LINK) lower on a near-daily basis. 

However, these three top tokens have seen some buying pressure today, increasing 1.1%, 1.3%, and 0.5%, respectively, over the past 24 hours as of 3:30 p.m. ET. Interestingly, at the day’s highs this morning, these three tokens actually accelerated 6.9%, 7.5%, and 7.3%, respectively, since yesterday.

Today’s volatility in the crypto market has once again followed the price action seen in equity markets. All the major indexes have surged higher, with the Nasdaq leading the way with 2.76% gains at today’s close over yesterday.

Notably, recent reports have suggested that the correlation between cryptocurrencies and tech stocks has reached its highest level ever. Thus, the moves we’re seeing in some of the largest cryptocurrencies appear to be mirroring the movements in the largest tech stocks to a great degree.

So what

The whole argument behind cryptocurrencies representing an alternative asset class to equities and bonds appears to be falling apart. The market is now viewing digital assets much in the same what as tech stocks, for better or worse.

Given the tech sell-off we’ve seen of late, this has certainly been to the detriment of crypto investors. That said, on days when tech is rallying, these sorts of upside moves are possible. Thus, cryptocurrencies such as Cardano, Solana, and Chainlink are seemingly being viewed by investors as a higher-beta way to play already risky tech growth. 

Now what

I can understand the reason why the market is increasingly pricing cryptocurrencies and tech stocks in tandem. After all, the blockchain technology crypto tokens support is, in and of itself, a nascent high-growth technology. There’s plenty of upside for such tokens in times of accommodative monetary policy. However, with the punch bowl being taken away by the Federal Reserve, the future growth path for many digital assets is more uncertain than it’s been in a long time.

It should be noted as well that Cardano, Solana, and Chainlink investors have never been through a recessionary environment. With a greater recession risk being priced into all markets right now, it’s unclear what that means for these top tokens. Many investors appear to be taking the view that it’s better to wait on the sidelines than “HODL” right now. 

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

The post Don’t look now, but Cardano and Solana are recovering today appeared first on The Motley Fool Australia.

More reading

• 2 cryptocurrencies that could dwarf Shiba Inu
• Crypto market crash: Cardano, XRP, and Solana all take big hits again today
• Why Ethereum, Solana, and Cardano all plunged today
• Why should I buy Bitcoin ETF shares instead of just buying Bitcoin?
• Why Cardano is rising today

Chris MacDonald has positions in Solana. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Solana. The Motley Fool Australia owns and has recommended Solana. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. 

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

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In my opinion, National Australia Bank Ltd (ASX: NAB) could be the smartest choice out of the big four ASX banks.

NAB’s other big four ASX bank peers include Commonwealth Bank of Australia (ASX: CBA), Australia and New Zealand Banking Group Ltd (ASX: ANZ,) and Westpac Banking Group (ASX: WBC).

I think that NAB can tick the boxes of what some investors might be looking for.

Dividend

Plenty of investors may look at big four bank shares for their dividend yields, so let’s start there.

The broker Citi thinks that NAB is going to pay an annual dividend of $1.50 per share in FY22 and $1.75 per share in FY23. At the current NAB share price, that translates into grossed-up dividend yields of 6.8% in FY22 and almost 8% in FY23.

While the above yields may not be the highest in the sector – for example, Citi thinks ANZ will pay higher dividend yields – it is still predicted to be a large dividend yield.

Dividends (and the dividend yield) alone aren’t likely to be enough to sway an investor into buying shares in a particular bank. There is normally more to an investment than just dividends.

Dividend growth can also be an important factor.

In the recent FY22 half-year result, NAB grew its interim dividend by 21.7% year on year to 73 cents per share. However, ANZ only grew its interim dividend by 2.9% to 72 cents per share and Westpac’s interim dividend was increased by 5.2%.

If NAB’s dividend keeps growing faster than ANZ and Westpac, its dividend yield could become the largest (at the current share prices).

Leadership and growth

Since the appointment of NAB CEO Ross McEwan in 2019, NAB has improved its performance. McEwan has more than 30 years of experience in the finance, insurance, and investment industries.

NAB notes that McEwan also has extensive experience in leading organisations through significant change and recovery. Before joining NAB, McEwan was Group CEO of Royal Bank of Scotland from 2013 to 2019 where he led a turnaround of the bank after the GFC.

NAB is generating profit growth. In HY22, cash earnings rose by 4.1% year on year to $3.48 billion. Westpac’s HY22 cash earnings were down 12% year on year to $3.1 billion.

ANZ’s cash earnings increased by 4% year on year to $3.1 billion. However, compared to the second half of FY21, ANZ’s cash profit declined 3%. NAB’s HY22 cash profit rose 8.2% compared to the second half of FY21.

NAB share price valuation

For me, NAB has a good dividend yield. The dividend is projected to keep rising at a good pace, while ANZ and Westpac dividends are growing more slowly.

CBA is often seen as the highest-quality bank. But I think that NAB’s valuation makes it a more attractive choice.

Using Citi’s estimates, the NAB share price is valued at 15 times FY22’s estimated earnings and 13 times FY23’s estimated earnings.

Compare that to the valuation on the CBA share price – it’s priced at 20 times FY22’s estimated earnings and 18 times FY23’s estimated earnings.

For growth and quality reasons, I think NAB is a better pick than ANZ and Westpac. It also seems much better value to me than buying CBA shares.

It’s worth keeping in mind too that the rising interest rate environment can help grow the profit of banks.

The post Why I think NAB shares could be the smartest big four ASX bank to buy appeared first on The Motley Fool Australia.

More reading

• Is the NAB share price cheap with its recent pullback?
• This is the best ASX bank share to buy in a rising rate environment: Citi
• Brokers name 2 ASX 200 dividend shares to buy now
• NAB share price lifts amid Suncorp rumours
• Why GrainCorp, Link, NAB, and Pendal shares are sinking today

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. 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 Boral Limited (ASX: BLD) share price is under pressure on Wednesday.

In morning trade, the building products company’s shares are down 3% to $3.12.

Why is the Boral share price sinking?

Investors have been selling down the Boral share price today after the company revealed that its earnings have taken a hit from recent inclement weather and higher energy prices.

According to the release, the company no longer expects to achieve the earnings guidance it provided in late March. It was previously expecting underlying earnings before interest and tax (EBIT) for its continuing operations (excluding Property) in FY 2022 to be between $145 million and $155 million.

Though, that guidance came with a proviso. It assumed no further extraordinary rain events. Unfortunately, that has not been the case, with New South Wales and Queensland continuing to face heavy rainfall in April and May.

As a result, the company expects this inclement weather and inflationary cost pressures to adversely impacts its underlying earnings in FY 2022 by ~$45 million.

This comprises a ∼$30 million adverse impact from exceptional rainfall on volumes and costs and a ~$15 million impact from inflation. The latter is primarily due to higher energy costs, which are assumed to continue to be elevated until the end of FY 2022.

Transformation plan falls short

Boral also provided an update on product price increases and its transformation program.

In respect to the former, Boral advised that the product price increases implemented in January and February are having a positive impact. However, they have been insufficient to offset the impact of more recent increases in energy prices.

And while its transformation program is expected to deliver a benefit of $45 million to $50 million in FY 2022, this has fallen short of its target range of $60 million to $75 million.

Management commentary

Boral’s CEO & Managing Director, Zlatko Todorcevski, said:

Ongoing rainfall in many parts of the east coast, particularly in New South Wales and Queensland, has continued to significantly impact our sales volumes, while also resulting in additional costs.

This has coincided with further sharp increases in energy prices, particularly in coal and electricity, impacting our production and logistics costs.

We are responding to this challenging operating environment by implementing additional measures to mitigate the impact of transport and fuel inflation alongside the already announced out of cycle price increases, and accelerating our focus on costs.

The post Boral share price down 3% on earnings hit appeared first on The Motley Fool Australia.

More reading

• Boral share price climbs amid ‘game changing’ carbon project
• The Boral share price has been smashed 10% so far in May. What’s happening?
• What’s happening to the Boral share price today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has 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 Scott Phillips.

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The ASX market has been heavily sold off this month and has presented some lucrative buying opportunities.

Particularly now that the earnings season for a majority of the companies including the banks is past us.

Trawling through financial reports will give you a good financial snapshot of the company you may be looking to buy in. 

As Warren Buffet once said, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

Below, are two dividend shares that I would be happy to pick up today.

Dicker Data Limited (ASX: DDR)

This leading Australian wholesale and distributor of computer hardware and software could be a great option for investors.

Dicker shares have been beaten down in 2022 despite the company recording impressive growth in its first quarter trading update.

Since late March, the Dicker Data share price has fallen by 18% to finish at yesterday’s closing price of $12.52.

Management highlighted that it expects to see gross margin lift to 9% for the full year. This is an improvement over the 8.6% achieved in the first half.

Furthermore, the board noted that it intends to pay a fully-franked quarterly dividend of 13 cents per share for FY22. Notably, this will bring the full-year dividend to 54 cents per share, which represents a 44% increase year on year.

I think that Dicker Data is trading at bargain levels and would class it as a buy for income investors.

Fortescue Metals Group Limited (ASX: FMG)

Regardless of being one of the world’s largest iron ore producers, the Fortescue share price has tumbled in recent times.

In mid-March, the company’s shares hit a year to date low of $16.87 following a slump in global iron ore prices.

However, it wasn’t long after before that the price of the steel making ingredient soared above US$160 per tonne.

Since then, Fortescue shares have recovered some ground but remain well below its year to date high of $22.99.

At Tuesday’s market close, the company’s shares closed at $19.39. When comparing with the above 2022 high, this reflects a decline of around 15%.

In Fortescue’s trading update for the three months ending 31 March, management highlighted a record third quarter operating performance.

The company said that it expects this to “contribute to strong cash flow generation and upgraded guidance for full year shipments”.

When looking at its dividends, the board paid an interim dividend of 86 cents per share in March.

While considerably lower than the $1.47 per share distributed to shareholders in H1 FY21, Fortescue could make inroads again.

This is due to the company anticipating shipment guidance of between 185 to 188 million tonnes for FY22. This compares to its previous guidance of 180 to 185 million tonnes.

With higher shipments in the midst of firm iron ore prices, this could amplify revenue realisation for the company.

In summary, I believe that the iron ore miner still has a lot of runway left given its attractive share price.

In my opinion, Fortescue is a solid buy for investors seeking shareholder value and dividend growth.

The post Why I think these are the best ASX dividend shares to buy right now appeared first on The Motley Fool Australia.

More reading

• Fortescue share price on watch after Twiggy returns to top job
• Analysts rate these ASX growth shares as buys this month
• Which ASX 200 mining share has the highest dividend yield in May?
• Woodside share price lifts despite Twiggy’s latest ‘greenwashing’ accusations
• Is the Fortescue share price cheap after dropping 10% in a month?

Motley Fool contributor Aaron Teboneras has positions in Dicker Data Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Dicker Data Limited. The Motley Fool Australia has positions in and has recommended Dicker Data Limited. 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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Investing your money in businesses that are either new to the market or emerging can make you seriously rich.

Of course, it is easier said than done.

This is why it pays off to research a company’s products/services, financial statements, projections, competitive moat and market trends before investing.

Nonetheless, we take a look at three companies that would have made you a millionaire if you’d invested $10,000 a decade ago.

Altium Ltd (ASX: ALU)

Despite sinking almost 17% in the past month, the former market darling’s shares have returned unbelievable gains across the decade.

If you’d invested $10,000 into Altium shares this time 10 years ago, you would have picked them up for approximately 36 cents apiece. This equates to an astonishing 27,777 shares without topping up along the way.

Fast-forward to today and the electronic design software company’s shares are exchanging hands at $27.57.

This means that those 27,777 shares would be now worth a staggering $765,811.89. While it falls short of the $1 million, bear in mind that Altium shares have tumbled lately. If the price returns to pre-2022 levels such as when it hit $45.30 in December, you’d be sitting on $1.25 million.

Pilbara Minerals Ltd (ASX: PLS)

Another stellar performer on the ASX has been Pilbara Minerals.

This Australian lithium-tantalum producer has seen its shares accelerate over the decade thanks to the growing global lithium industry.

And while the Pilbara Minerals share price has also tumbled by 7% in a month, investors wouldn’t be fretting.

Over the last 12 months, its shares have risen more than 150% alone.

When taking a glance at this time in 2012, Pilbara shares were trading at 2 cents apiece.

Currently, those shares can now be bought for $2.73 at yesterday’s market close.

That means that a $10,000 investment would have reaped $1.36 million.

Not a bad reward for patient long-term shareholders.

Vulcan Energy Resources Ltd (ASX: VUL)

Last but not least, the Vulcan Energy shares haven’t been around for the decade but nonetheless, have powered ahead.

Listed on the ASX in 2018, the clean lithium developer floated at a price of 20 cents per share.

At the last traded price on Tuesday, Vulcan Energy shares closed at $7.32.

This means your $10,000 buy in would be valued at an incredible $3.66 million.

It is worth noting that the Vulcan Energy share price is more than 50% off its all-time high of $16.65 reached last September.

One can only imagine how much you’d have if its shares regain composure.

Spoiler alert: It would have been over $8.32 million at the peak! A comfortable nest egg for your retirement one could say.

The post Who wants to be a millionaire? If only you’d invested $10,000 in these ASX shares 10 years ago appeared first on The Motley Fool Australia.

More reading

• Lighting up the market: ASX lithium stocks surge again on Tuesday
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why BlueScope, OFX, Pilbara Minerals, and Step One shares are pushing higher
• Why is the Pilbara Minerals share price climbing today?
• 2 sold-off ASX shares essential for electric cars

Motley Fool contributor Aaron Teboneras has positions in Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium. 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 Scott Phillips.

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It has been an interesting year for shareholders in all industries. Market shocks and rebounds have become the norm in 2022.

The Macquarie Group Ltd (ASX: MQG) share price has been no different. It fell as low as $173 in March and is now slightly recovered to $180.49 at yesterday’s market close.

A question I was asked recently was, can the Macquarie share price hit the $200 mark again this year?

Macquarie at a glance

Valued at around $69 billion, Macquarie is Australia’s fifth-largest company on the ASX by market capitalisation.

The company specialises in global banking, financial, advisory, investment, and fund management services.

Over the past few years, Macquarie has further diversified its business model, providing protection against future recessions. Its strong capital position and robust risk management framework has contributed to the company’s 53-year record of unbroken profitability.

Economic outlook

The uncertain economic environment has certainly cast a pall over the Australian banking industry. What were once deemed safe blue-chip shares with reliable dividends have been marred with share price volatility.

Banks tend to do well in times of market hysteria, cashing in on wild price swings. Macquarie has been no different.

In its most recent update to the market earlier this month, Macquarie CEO Shemara Wickramanayake commented:

While many of the regions and markets in which Macquarie operates saw heightened levels of volatility this year, our longstanding strategy to address key areas of unmet need in the community is unchanged.

Over time, this has seen us build deep and differentiated franchises in each of our areas of activity, all of which delivered sound outcomes and strong performance in FY22.

The global powerhouse has continued to maintain a conservative approach to capital, funding, and liquidity. This positions the group to respond to the current environment.

As at 31 March, Macquarie’s cash surplus position stood at $10.7 billion, well above the Australian Prudential Regulation Authority’s strict capital requirements. Macquarie’s CET1 Level 2 ratio stood at 11.5%.

Macquarie’s share price rise?

The global powerhouse has been on the road to recovery following the broader market slump.

The Macquarie share price is up 4.3% since it bottomed out in March, but is sitting below its all-time high of $217.32 achieved in early January.

Interestingly, Macquarie has been steadily growing its earnings per share (EPS) by up to 25% over the last few years. Earnings per share is considered an important tool in understanding the value of a business. It is widely used to track a company’s performance.

Should the company be able to continue this trend, the increased value of the business and the profitability reported should send Macquarie shares higher.

It is a growth trajectory in the works for this banking giant.

Foolish Takeaway

I do believe that the Macquarie share price will reach the $200 mark in 2022.

With the business being so resilient in the face of such challenging conditions and strong capital to back it up, it is just a question of timing.

With more than six months remaining of the calendar year, I believe this milestone will be achieved again soon.

The post Can the Macquarie share price reach $200 again in 2022? appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to sell next week
• Top ASX dividend shares to buy in May 2022
• 2 ASX 200 dividend shares to buy according to a top broker
• Hoping to bag the next Macquarie dividend, here’s what you need to do
• Time is running out to secure dividends from these 3 ASX 200 shares

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. 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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There is a group of ASX-listed companies that has delivered a lot of financial growth in recent times, yet the share prices of those businesses have dropped heavily in 2022.

A business may not necessarily be better value if it has fallen a lot. However, if the company is still growing then investors may simply be valuing the business more cheaply after the volatility seen in 2022.

With that in mind, here are two ASX shares that continue to grow their operations quickly.

Pointsbet Holdings Ltd (ASX: PBH)

It has been a painful year for the Pointsbet share price, which has fallen around 65% in the 2022 year to date.

Pointsbet describes itself as a corporate bookmaker with operations in Australia, the United States, Canada and Ireland. It has developed a cloud-based wagering platform through which it offers clients sports and racing wagering products, advance deposit wagering on racing, and iGaming.

The ASX share is still seeing double-digit growth. It reported that for the three months to 31 March 2022, total turnover increased by 54% to $1.4 billion. The sports betting net win increased by 10% to $71.4 million, with an additional net win of $5.5 million from iGaming. That meant the total net win was up 18% to $76.9 million.

However, the US total net win declined 8% to $24.6 million after a 3.2 percentage point decline in the net win percentage.

In terms of cash active clients at the end of the quarter, Australian clients were up 47% year on year to 232,763 while North American cash active clients were 96% higher at 249,497.

Management continues to expect the Australian trading business to generate positive earnings before interest, tax, depreciation and amortisation (EBITDA) in FY22.

The Ontario market in Canada was scheduled to open on 4 April 2022. It had a market share of 4.3% of total sports betting app downloads.

Volpara Health Technologies Ltd (ASX: VHT)

Volpara is another ASX share that has experienced a heavy drop in 2022. In the calendar year to date, the Volpara share price has declined by around 30%.

The business describes itself as a health technology company. It has clinical functions that are used by screening clinics to provide “feedback on breast density, compression, dose and quality, while its enterprise-wide practice-management software helps with productivity, compliance, reimbursement and patient tracking”.

Volpara is growing at a fast rate. In its quarterly update for the three months to 31 March 2022, it said that it achieved record quarterly cash receipts from customers of NZ$8 million (AU$7,237 million), up approximately 48% year on year.

Its annual recurring revenue (ARR) has now reached around US$22.2 million (AU$31.5 million) and its market coverage has reached over 35.5% of US women being screened.

The ASX healthcare share also says that its software as a service (SaaS) churn remains “low”.

The post 2 ASX-listed companies that are growing rapidly appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pointsbet Holdings Ltd and VOLPARA FPO NZ. The Motley Fool Australia has positions in and has recommended VOLPARA FPO NZ. 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 Scott Phillips.

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