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Owners of Woodside Energy Group Ltd (ASX: WDS) shares will want to know about the latest on potential deals. The ASX energy share has not given up on the idea of making an acquisition after the failed attempt to merge with Santos Ltd (ASX: STO).

There would be some great benefits to becoming a bigger business, namely relating to scale and synergy benefits. After buying the BHP Group Ltd (ASX: BHP) petroleum business, Woodside has already increased its scale.

What is Woodside considering?

According to reporting by the Australian Financial Review, Woodside is looking to expand its liquified natural gas (LNG) business. The Woodside CEO Meg O’Neill was quoted as saying:

We will keep the door open to a variety of ways to potentially grow our LNG business.

This could include buying assets and expanding existing projects, as long as they are the “right” deals.

If a LNG deal is to go ahead, any deal would need to reflect “low premiums in recent oil and gas transactions.”

While Woodside has no plans to revive talks with Santos, it is looking for deals in Australia and North America. Another potential deal could excite investors about Woodside shares.

It’s reportedly interested in buying LNG in the US from several export terminals and has been interested in taking a stake in the Energy Transfer LP Lake Charles project in Louisiana, according to people who are familiar with the plans.

CEO O’Neill confirmed to the AFR that Woodside is in discussions with a number of LNG developers in America.

The US recently decided to pause approvals for new LNG export projects, though O’Neill believes a review could lead to more US LNG going to the global market. But for now, O’Neill said the move is causing a “grave concern” and is “highly detrimental to investment”. She suggested not all of the ripples have been felt.

Woodside is also looking at potential partnerships with the Middle East, possibly with oil giant Aramco. The Saudi Arabian giant is looking at expanding into gas, including LNG, and other related sectors like chemicals. O’Neill said:

At this point we’re really just building relationships and getting to know one another. We’re certainly not averse to the Middle East.

Woodside share price snapshot

Shareholders could do with a bit of a boost, with Woodside shares down around 20% over the last six months as energy prices drifted lower.

If the business can make a deal work, then increased scale could help with margins and this could be a boost for profit. Many investors like to judge a business based on how much profit they think a business is going to make.

The post How another acquisition could boost Woodside shares following the collapse of the Santos deal appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• Up 53% and 10.5% yield: 2 ASX 200 shares with signs of ‘high potential growth’
• 5 things to watch on the ASX 200 on Monday
• How to build a bulletproof ASX 200 passive income portfolio with just $10,000
• What this Warren Buffett-linked CEO’s prediction could mean for Woodside shares

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 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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Today, I want to talk about an ASX dividend stock that offers investors a 7.2% yield, and that also pays those same investors dividend cash every single month.

Monthly ASX dividend stocks are rare on the ASX. But they do exist. Whilst the BetaShares Dividend Harvester (ASX: HVST) isn’t technically a stock, that’s what we’ll be diving into today.

The BetaShares Dividend Harvester is an exchange-traded fund (ETF) that, as you may have guessed, specialises in providing investors with a healthy stream of dividend income, paid out monthly.

It is able to do so using a rather unconventional method.

The Betashares Dividend Harvester ETF isn’t into ‘buy-and-hold’ investing. The ASX dividend stocks that are in its portfolio are selected ahead of time based on the expectation that they will soon pay out a dividend. Here’s how the fund explains it:

In general, the Securities Portfolio will provide exposure to 40 – 60 shares which will be rebalanced approximately every three months. The rebalancing (or ‘harvesting’) process aims to include in the portfolio the shares that are expected, within the next rebalance period, to provide the highest gross yield outcome.

So put another way, this ETF buys a share that its management thinks will pay out a dividend within the next three months. After the fund secures the dividend, the ASX dividend stock is sold to make way for another company with an upcoming payout.

The most recent data tells us that the largest of these ASX dividend stocks are Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP), CSL Ltd (ASX: CSL), Fortescue Ltd (ASX: FMG) and Wesfarmers Ltd (ASX: WES).

So it’s by using this harvesting strategy that the BetaShares Dividend Harvester ETF is able to pay out monthly dividends.

An ASX dividend stock with a 6.65% yield?

Over the past 12 months, HVST units have paid out a monthly dividend distribution worth between 6.5 and 7.3 cents per unit. Including February’s distribution (scheduled for this Friday), the Betashares Dividend Harvester ETF has paid out a total of 83.8 cents per unit over the past 12 months.

At today’s unit price of $12.60, this equates to a yield of 6.65%. That breaks down to a monthly dividend yield of approximately 0.55%.

Before you rush out and secure some HVST units for this sizeable dividend yield though, there’s a caveat you should be aware of. The Betashares Dividend Harvester ETF’s unconventional ASX dividend stock ‘harvesting’ strategy may give its units supercharged income. But it comes with a cost too. That cost is overall returns.

As of 31 January, the HVST ETF has delivered a total return (dividends plus share price performance) of 5.94% per the preceding 12 months. However, the BetaShares Australia 200 ETF (ASX: A200), which is a simple ASX 200 index fund, has delivered a return of 7.12% over the same period.

This tells us that the Betashares Dividend Harvester ETF is sacrificing overall returns for higher dividend income. That might suit some investors who just want as much income as possible. For others, it might not be the best approach for your portfolio.

The Betashares Dividend Harvester ETF charges a management fee of 0.72% per annum. In contrast, the Betashares Australia 200 ETF charges 0.04% per annum.

The post This 6.7% ASX dividend stock pays cash every month appeared first on The Motley Fool Australia.

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More reading

• How I’d aim to build a bullet-proof ASX passive income portfolio with just $7,000 in 2024

Motley Fool contributor Sebastian Bowen has positions in CSL and Wesfarmers. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Wesfarmers. The Motley Fool Australia has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended CSL. 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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Owners of CSL Ltd (ASX: CSL) shares may not be overjoyed by the CSL share price’s fall in reaction to the FY24 first-half result, but the bigger dividend may be a very pleasing silver lining.

For readers that haven’t read my colleague James Mickleboro’s coverage yet, revenue rose 11% in constant currency terms to US$8.05 billion and net profit after tax (NPAT) jumped 17% to US$1.9 billion. The underlying net profit after tax (NPATA) rose by 11% to US$2.02 billion, while NPATA earnings per share (EPS) went up 11% to US$4.18.

CSL dividend

That profit growth has given the board enough confidence to declare an interim dividend per share of US$1.19. When converted into Australian dollars, the interim dividend is approximately A$1.81 per share, an increase of 12%

If we look at the dividend payout ratio, CSL has decided to pay out 28.5% of underlying net profit and 30.3% of statutory EPS.

The dividend is going to be unfranked, meaning there are no franking credits.

When will this dividend be paid?

Before we get to the dividend payment date, investors need to know about the ex-dividend date. If an investor wants to receive the dividend, they need to own shares before the ex-dividend date – buying on that date means missing out.

The CSL ex-dividend date is 11 March 2024, so investors need to own CSL shares by 10 March 2024 (which is a Sunday) if they want to receive this payment. Therefore, 8 March 2024 (a Friday) is the last trading day to invest.

This upcoming dividend will be paid on 3 April 2024, which is less than two months away.

What’s the outlook for more payout growth?

CSL said it’s expecting underlying net profit to be between US$2.9 billion to US$3 billion in constant currency terms, which would be annual growth of between 13% to 17%.

Management said the company is “in a strong position to deliver annualised double-digit earnings growth over the medium term”.

This profit growth may be promising for the CSL dividend in the coming reporting periods.

The post Everything you need to know about the supersized CSL dividend appeared first on The Motley Fool Australia.

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More reading

• CSL shares tumble despite first-half earnings beat
• CSL share price on watch amid 20% profit jump
• 5 things to watch on the ASX 200 on Tuesday
• CSL shares could pop 9% on surprising results if history repeats itself
• Why CSL, Fletcher Building, Skycity, and Wildcat shares are falling today

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 CSL. The Motley Fool Australia has recommended CSL. 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) is fighting hard to stay in positive territory. In afternoon trade, the benchmark index is up a fraction to 7,615.3 points.

Four ASX shares that are rising more than most today are listed below. Here’s why they are surging:

Challenger Ltd (ASX: CGF)

The Challenger share price is up 7% to $7.05. This follows the release of the annuities company’s half-year results. Challenger posted a 16% increase in normalised net profit before tax of $290 million and an 80% jump in statutory net profit after tax to $56 million.

Hansen Technologies Limited (ASX: HSN)

The Hansen share price is up almost 6% to $5.39. This morning, the billing software provider announced the acquisition of Powercloud GmbH for an equity value of ~A$49 million. Powercloud is a leading provider of mission-critical billing and customer management software products to utility companies and regional municipalities across Germany. It is expected to add FY 2025 revenues of approximately A$40 million to A$46 million and is anticipated to become EBITDA accretive within the financial year ending June 2025.

JB Hi-Fi Limited (ASX: JBH)

The JB Hi-Fi share price is up a further 5% to $63.57. Investors have been buying the retailer’s shares since the release of its half year results on Monday. Although JB Hi-Fi’s total sales were down 2.3% to $5.16 billion and its earnings before interest and tax (EBIT) fell 20% to $386.7 million, this was still comfortably ahead of the market’s expectations.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is up almost 11% to $11.09. This follows the release of the online furniture and homewares retailer’s half-year results. Temple & Webster reported a 23% increase in revenue to a record of $254 million and a 3% lift in EBITDA to $7.5 million. The latter meant an EBITDA margin at the top end of its guidance range.

The post Why Challenger, Hansen, JB Hi-Fi, and Temple & Webster shares are surging today appeared first on The Motley Fool Australia.

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More reading

• Challenger share price rockets 10% on half-year earnings
• Up 115% in a year, Temple & Webster share price soars again today on record revenue
• Here are the top 10 ASX 200 shares today
• Why Audinate, Beach Energy, Calix, and JB Hi-Fi shares are charging higher
• Everything you need to know about the reduced JB Hi-Fi dividend

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 positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Challenger, Jb Hi-Fi, and Temple & Webster Group. 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 bloody lucky. I have, I’m pretty sure, the best job in the world.

I love business and investing.

I love analysis, and working out the relationship between different factors.

I love writing (and, as they say, it forces you to work out what you really think, which is a wonderful benefit).

And I love helping people get the most from their finances.

It might not surprise you that at one point I considered becoming a teacher (the kids are probably glad I didn’t!).

And why am I lucky?

Well, I have a job, and an employer, that lets me do all of that.

Sometimes, I write about investing. Sometimes about business. Sometimes about the economy. And sometimes about economic policy.

That’s a very broad remit. 

And when I do, my aim is to improve things – for our members and readers, obviously, but also for our broader society.

Why?

Well, selfishly on behalf of those people, a better society is better for all of us, including investors.

But also because I think we have a moral responsibility to do so.

Now, it’s impossible to divorce those two things, of course.

If I help people grasp the power of investing, of course some are going to join The Motley Fool.

And, I think we can help them, so I’m good with that.

But also, many won’t. Many will find other ways to use the insights I try to provide. And that’s totally fine with me.

Which is all preamble. Hopefully useful context, too.

Because I’m really pleased to let you know that The Motley Fool has decided to run a free week of live webinars, on YouTube, that we’re calling Financial Literacy Week.

Our aim?

To help people get their financial lives in order.

To give them (you?) the information and tools they need to wrest back control, and to set themselves on the right path.

Why?

I mean, it’s good for our brand. It exposes more people to our business. Those things are undoubtedly true. We might eventually get some of those people to become members of one of our services.

But if it was just about making a sale, we’d find some ‘shorter putts’. We’d throw more resources into getting current investors to use us. Or potential investors to start investing with us.

But we’re doing it, primarily, because we think we can help people who want to take control of their finances, but don’t know where to start.

And if we can, we think we should.

So we are.

Maybe you could benefit from rebooting your finances. Or maybe you know someone else who could. Or someone who needs to know what healthy financial habits look like.

That’s what we’re aiming to do.

Here’s what you need to know:

• Financial Literacy Week is free.

• It runs from February 26 to March 1.

• Each day that week, we’ll be live on YouTube.

• I’ll give you some actionable insights to help you get your financial life (back) on track.

• And we’ll answer as many of your questions as we can!

No, there are no silver bullets. And there’s no secret strategy.

You will have heard most of it before, too.

But our aim is to give it to you straight, in an easy-to-follow format.

Because, sometimes all we need is a bit of a push, and a few simple steps to follow.

That’s how you get the financial snowball rolling. And once it does, the results can be astounding.

I’m really excited we’re doing this – and proud that The Motley Fool is behind it.

I hope you’ll join us (and please let your friends and family know if you think they might benefit from it, too!)

Did I mention it’s free?

Click here to RSVP and get all of the details!

The post Announcing Motley Fool's Financial Literacy Week Event appeared first on The Motley Fool Australia.

More reading

• Why Breville, James Hardie, Seek, and Strike Energy shares are sinking like stones today
• BHP share price resilient ahead of Friday’s strike action
• 2 ASX All Ords shares getting crushed on earnings results
• Seek share price sinks 10% as hiring slowdown hits earnings
• How high could the ResMed share price climb?

Motley Fool contributor Scott Phillips 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is out of form and edging lower. At the time of writing, the benchmark index is down 0.1% to 7,605.6 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Breville Group Ltd (ASX: BRG)

The Breville share price is down 12% to $24.02. Investors have been selling the appliance manufacturer’s shares after its FY 2024 guidance fell short of expectations. Although Breville’s first-half earnings were in line with estimates, its guidance missed by around 4%.

James Hardie Industries plc (ASX: JHX)

The James Hardie share price is down 5% to $56.22. This is despite the release of the building materials company’s quarterly update, which revealed strong revenue and profit growth. James Hardie reported a 14% increase in global net sales to US$978.3 million and a 34% jump in adjusted EBITDA to US$280.4 million.

Seek Ltd (ASX: SEK)

The Seek share price is down 9% to $24.42. Investors have been selling the job listings company’s shares on Tuesday after it posted a 5% decline in revenue and a 24% drop in adjusted net profits after tax for the first half. Management advised that this reflects Australian and New Zealand paid job ads falling 20%.

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is down 24% to 32 cents. This follows the release of an update on well testing activities at South Erregulla. Management believes it has encountered a possible gas-water contact in the SE-3 well. Managing Director & Chief Executive Officer, Stuart Nicholls, said: “The SE-3 flow test has not matched its petrophysical interpretation, which is disappointing. Further analysis and data collection is ongoing and Strike is reviewing the potential to return to the well.”

The post Why Breville, James Hardie, Seek, and Strike Energy shares are sinking like stones today appeared first on The Motley Fool Australia.

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More reading

• 2 ASX All Ords shares getting crushed on earnings results
• Seek share price sinks 10% as hiring slowdown hits earnings
• Guess why this ASX 200 energy stock is crashing 30% today
• Breville share price crashes 13% on guidance miss
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has positions in Seek. 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 Seek. 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’s a little-known ASX mining stock that has handed investors absolutely stunning gains over the week gone by.

Last Monday, 5 February, the rare earths miner closed trading for 13 cents a share. At the time of writing, those same shares are swapping hands for 31 cents apiece, up an eye-popping 138% in a week.

Meaning, if I’d invested $5,000 in this ASX mining stock a week ago, I’d be sitting on $11,923 right now!

Any guesses?

If you said American Rare Earths Ltd (ASX: ARR), go to the head of the virtual class.

Here’s why investors have been sending this ASX mining stock rocketing.

What’s boosting the American Rare Earths share price?

A lot’s been happening with American Rare Earths over the past trading week.

This appears to have been spurred by last Wednesday’s announcement of an increase in the resource estimate at the company’s Halleck Creek project, located in the US state of Wyoming.

The ASX mining stock reported that its resource estimate had increased by 64% to 2.34 billion tonnes at 3,166 parts per million (ppm) Total Rare Earth Oxides (TREO). Shares closed up 3.9% on Wednesday and 3.7% on Thursday before really going meteoric following Friday’s investor presentation.

The ASX mining stock closed up 14% on Friday and gained another 50% on Monday. Shares are up 29% at the time of writing today.

Investor enthusiasm looks to have spiked after the company noted it has the largest ASX-listed portfolio of strategic rare earth element assets in the US. And with the upgraded resource estimated at its 100% owned flagship Halleck Creek Project, management reported the asset has the potential “to be the largest rare earths deposit in the US”.

With the Western world eager to secure rare earths elements from sources outside of China, American Rare Earths looks to be well-placed to deliver the technology crucial elements.

How has this ASX mining stock performed longer term?

Most of the recent big gains for American Rare Earths shares have come over the past week.

The ASX mining stock is up 26% since this time last year and up 1,425% over five years.

The post If I’d invested $5,000 in this ASX mining stock a week ago I’d have $11,923 today! appeared first on The Motley Fool Australia.

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More reading

• Announcing Motley Fool’s Financial Literacy Week Event
• Why Breville, James Hardie, Seek, and Strike Energy shares are sinking like stones today
• BHP share price resilient ahead of Friday’s strike action
• 2 ASX All Ords shares getting crushed on earnings results
• Seek share price sinks 10% as hiring slowdown hits earnings

Motley Fool contributor Bernd Struben 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 BHP Group Ltd (ASX: BHP) share price is in the green today.

Shares in the S&P/ASX 200 Index (ASX: XJO) iron ore miner closed yesterday trading for $46.07. Shares are currently changing hands for $46.36 apiece, up 0.6%.

For some context, the ASX 200 is essentially flat at this same time.

A rebounding iron ore price, up 1.2% to US$128.10 per tonne, looks to be negating any headwinds the BHP share price may be getting ahead of Friday’s looming rail workers’ strike action.

Here’s what’s happening on the labour front.

Rail workers set to halt trains

Ongoing enterprise agreement negotiations between the ASX 200 mining giant and its train drivers and rail workers in Western Australia have, as yet, failed to reach a mutually acceptable conclusion.

In an escalation that doesn’t appear to be hindering the BHP share price today, this will likely see the workers in the Pilbara engage in a 24-hour stoppage on Friday, impacting the miner’s iron ore export shipments to Port Hedland.

According to the Mining and Energy Union (MEU), 97% of its members voted in favour of the industrial actions.

MEU WA secretary Greg Busson said (quoted by The Australian Financial Review), “These drivers are simply seeking guaranteed conditions in a range of areas that will make a big difference to them and their families.”

Busson added:

They’ve been very patient and given BHP every opportunity to address their concerns. Stopping the trains this Friday sends a strong message to BHP about their unity and determination.

Warren Wellbeloved, BHP general manager of rail, noted the “valued contribution” the rail workers make to BHP.

And he indicated an agreement may be within reach.

According to Wellbeloved:

We made a fair and generous offer in December 2023, but the majority of employees voted to continue bargaining. We have been listening to employee feedback on that offer and are currently reviewing a revised set of claims provided by union representatives.

BHP share price snapshot

The BHP share price is down 3% since this time last year.

Shares in the ASX 200 miner have gained 7% since the recent lows on 23 October.

The post BHP share price resilient ahead of Friday’s strike action appeared first on The Motley Fool Australia.

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More reading

• 3 things about BHP stock every smart investor knows
• 7 must-see results this ASX reporting season before buying or selling
• Which major ASX mining share will pay the biggest dividend this year?
• Are investors underestimating ASX iron ore big-wigs this earnings season?
• Why is the BHP share price starting the week with a whimper?

Motley Fool contributor Bernd Struben 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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I’m bloody lucky. I have, I’m pretty sure, the best job in the world.

I love business and investing.

I love analysis, and working out the relationship between different factors.

I love writing (and, as they say, it forces you to work out what you really think, which is a wonderful benefit).

And I love helping people get the most from their finances.

It might not surprise you that at one point I considered becoming a teacher (the kids are probably glad I didn’t!).

And why am I lucky?

Well, I have a job, and an employer, that lets me do all of that.

Sometimes, I write about investing. Sometimes about business. Sometimes about the economy. And sometimes about economic policy.

That’s a very broad remit. 

And when I do, my aim is to improve things – for our members and readers, obviously, but also for our broader society.

Why?

Well, selfishly on behalf of those people, a better society is better for all of us, including investors.

But also because I think we have a moral responsibility to do so.

Now, it’s impossible to divorce those two things, of course.

If I help people grasp the power of investing, of course some are going to join The Motley Fool.

And, I think we can help them, so I’m good with that.

But also, many won’t. Many will find other ways to use the insights I try to provide. And that’s totally fine with me.

Which is all preamble. Hopefully useful context, too.

Because I’m really pleased to let you know that The Motley Fool has decided to run a free week of live webinars, on YouTube, that we’re calling Financial Literacy Week.

Our aim?

To help people get their financial lives in order.

To give them (you?) the information and tools they need to wrest back control, and to set themselves on the right path.

Why?

I mean, it’s good for our brand. It exposes more people to our business. Those things are undoubtedly true. We might eventually get some of those people to become members of one of our services.

But if it was just about making a sale, we’d find some ‘shorter putts’. We’d throw more resources into getting current investors to use us. Or potential investors to start investing with us.

But we’re doing it, primarily, because we think we can help people who want to take control of their finances, but don’t know where to start.

And if we can, we think we should.

So we are.

Maybe you could benefit from rebooting your finances. Or maybe you know someone else who could. Or someone who needs to know what healthy financial habits look like.

That’s what we’re aiming to do.

Here’s what you need to know:

• Financial Literacy Week is free.

• It runs from February 26 to March 1.

• Each day that week, we’ll be live on YouTube.

• I’ll give you some actionable insights to help you get your financial life (back) on track.

• And we’ll answer as many of your questions as we can!

No, there are no silver bullets. And there’s no secret strategy.

You will have heard most of it before, too.

But our aim is to give it to you straight, in an easy-to-follow format.

Because, sometimes all we need is a bit of a push, and a few simple steps to follow.

That’s how you get the financial snowball rolling. And once it does, the results can be astounding.

I’m really excited we’re doing this – and proud that The Motley Fool is behind it.

I hope you’ll join us (and please let your friends and family know if you think they might benefit from it, too!)

Did I mention it’s free?

Click here to RSVP and get all of the details!

The post Announcing Motley Fool's Financial Literacy Week Event appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips 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 All Ords is slightly higher on Tuesday as earnings season rolls on and some stocks take a beating.

Cases in point today: Seven West Media Ltd (ASX: SWM) and James Hardie Industries plc (ASX: JHX).

The Seven West Media share price is currently down a whopping 10.91% at 24.5 cents after the group released its 1H FY24 earnings.

Building materials supplier James Hardie is also down, with the share price 5.41% lower at $55.99. The company released its 3Q FY23 update today.

Let’s find out why these ASX All Ords stocks are taking a tumble.

What’s killing this ASX All Ords media player?

Seven West Media said it was successfully executing its plan to grow audience and revenue share, however weaker advertising sales in 1H FY24 led to a 40% collapse in its earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $124 million.

The ASX All Ords media company reported group revenue of $775 million, down 5% on the previous corresponding period (pcp).

Underlying net profit after tax (NPAT) (excluding significant items) came in at $63 million, down 49% pcp.

SWM CEO James Warburton said:

SWM successfully executed on our strategy during the period to deliver consistent and engaging content to drive audience growth and revenue share across the total TV market.

Despite this progress and our disciplined management of costs, our financial performance reflects the weakness in advertising markets, particularly as the second quarter progressed.

We continue to believe in the power of television and firmly believe that the total TV industry is set to regain market share. Total TV is now growing, and Seven is leading that growth.

The ASX All Ords media stock has fallen 45.6% over the past 12 months.

Investors hit the sell button on ASX All Ords building stock

ASX All Ords building materials supplier, James Hardie has also disappointed investors today.

This is despite the company reporting growth in the third quarter of FY23 on all financial metrics.

The company reported global net sales of US$978.3 million in 3Q FY24, up 14% on the pcp of 3Q FY23.

Adjusted EBITDA came in at US$280.4 million, up 34%. The adjusted EBITDA margin was 28.7%, up 4.4%.

James Hardie CEO Aaron Erter said the company had delivered four strong consecutive quarters demonstrating rising market share.

We have a superior value proposition that helps our customers grow and be successful.

Our team is focused on maintaining this momentum and consistency to deliver strong financial results again in the fourth quarter.

The ASX All Ords building materials stock has lifted 76.7% over the past 12 months.

The post 2 ASX All Ords shares getting crushed on earnings results appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has positions in James Hardie Industries Plc. 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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