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When it comes to founder-led companies, many ASX investors like to keep a close tab on whether that founder has been buying or selling shares in their own company. If a founder is indeed buying up shares, it can be a strong signal that it might be a good time to follow suit. Conversely, many investors don’t like to see their founder selling shares, as it can be perceived as a vote of no confidence. Luckily for ASX investors of WAM Capital Limited (ASX: WAM) shares, its founder has been going down the former path of late.

WAM Capital is one of the largest and most popular listed investment companies (LICs) on the ASX. It was founded by the eponymous Geoff Wilson’s Wilson Asset Management (the WAM in WAM Capital) back in 1999. Since then, its portfolio has returned an average of 15.8% per annum (before fees).

WAM Capital’s ASX founder is buying shares

But eagle-eyed investors might have picked up on a recent trend. According to a series of ASX notices, Wilson has been buying WAM Capital shares, and quite enthusiastically too. According to WAM’s ASX releases, Wilson (through subsidiaries) has bought six parcels of WAM Capital shares over May thus far (which works out to be one buy every two days on average).

These were all buys ranging from between $20,000 and $69,000.

It comes after Wilson did a similar rate of selling shares over March. The difference is that Wilson was selling WAM Capital shares when they were being priced at around $2.25. Most of the more-recent buys were instead revolving around the $2.05 mark. That’s your classic ‘buy low, sell high’ play. Wilson might continue his buying spree going forward too. At the current time, WAM Capital shares are worth $2.02.

WAM only releases the net tangible asset (NTA) value of its shares once every month. The last disclosed NTA of WAM Captial shares was $1.73 per share. But that was as of 31 March. Given the volatility we’ve seen on the ASX over April and now into May, this value has probably fluctuated quite a bit.

So Geoff Wilson clearly thinks his own WAM Capital is a buy right now. He’s certainly been buying at any rate. No doubt WAM Capital’s ASX investors will appreciate this show of confidence.

The post WAM Capital’s ASX founder has been buying shares. Here’s what we know appeared first on The Motley Fool Australia.

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• 2 ASX shares rated ‘buy’ by this top fund manager

Motley Fool contributor Sebastian Bowen 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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Since Fortescue Future Industries entered the fray as a subsidiary of Fortescue Metals Group Limited (ASX: FMG), there have been plenty of discussions about how it will bring its green hydrogen vision to reality.

From the outset, the green energy company’s goal of producing 15 million tonnes per year of green hydrogen by 2030 has been met with some scepticism. Given the current uneconomical structure for producing green hydrogen, these beliefs aren’t without some reason.

Last week, the Smart Energy Expo in Sydney provided some additional context to the hydrogen challenge. So, are the Fortescue Future Industries (FFI) aspirations really possible?

What does Fortescue Future Industries need to do?

Scaling a nascent ‘fuel’ is not something that can be done overnight. By the International Energy Agency’s (IEA) estimates, less than 0.1% of global hydrogen production is via water electrolysis. As such, going from zero to one will be a challenge for FFI — but, how much of a challenge?

Well, according to FFI New South Wales manager, Joshua Moran, there’s a lot of work to be done. For production to reach the target of 15 million tonnes per annum, Fortescue Future Industries will need 450 gigawatts of renewable electricity generation.

The above number may not have much meaning when listed by itself, but here’s the kicker. The International Renewable Energy Agency estimates that only 225 gigawatts of renewable energy were installed across the entire world last year.

Furthermore, Moran shared that 150 gigawatts worth of electrolysers will also be needed to make the operation a reality. Remarkably, this would be equivalent to roughly half of the entire electrolyser capacity in the world by 2030, according to Jefferies.

While this all seems pessimistic, it is important to keep in mind the potential for exponential ramping. Currently, the global rate of production of electrolyser capacity is 1 gigawatt to 2 gigawatts per year. There is a chance this rate could exponentially grow as renewables become cheaper.

According to IEA, the cost of green hydrogen production could fall by 30% by 2030. This is on the basis of realised economies of scale.

Progress so far

Already this year, Fortescue Future Industries have been busy pushing the needle forward on its new clean dream. A milestone moment for the company occurred with the commencement of construction of its first electrolyser facility in Gladstone, Queensland.

In March, FFI announced a partnership with Airbus to collaborate on developing green hydrogen for use in the aviation industry.

Meanwhile, the company has also earmarked Papua New Guinea and Argentina as potential locations for future green hydrogen projects.

However, Fortescue Future Industries is yet to produce any green hydrogen to date. FFI’s parent company, ASX-listed Fortescue Metals Group, is trading 21% below where it was a year ago.

The post Is the Fortescue Future Industries hydrogen dream more fantasy than feasible? appeared first on The Motley Fool Australia.

More reading

• Why is the Fortescue share price rebounding today?
• Why are ASX 200 mining shares in the green today?
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• Fortescue share price dives another 3%, down 12% in a week
• Could Fortescue Future Industries’ green hydrogen help Europe ditch Russian energy?

Motley Fool contributor Mitchell Lawler 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 National Australia Bank Ltd (ASX: NAB) share price is moving higher today amid news the big four ASX bank wants to buy the banking segment of Suncorp Group Ltd (ASX: SUN).

At the time of writing, NAB shares are trading up 0.69% at $30.74 apiece.

NAB is one of the largest banks alongside Australia and New Zealand Banking Group Ltd (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), and Westpac Banking Corp (ASX: WBC). Both ANZ and Westpac are in the red today, while CBA is 0.58% higher.

NAB seems interested in making bolt-on acquisitions to increase the size of its consumer division. It recently bought the Australian consumer division of Citigroup. The purchase price is the net assets of the business, plus a premium of $250 million. At the time of the announcement, the required equity was approximately $1.2 billion.

NAB’s interest in Suncorp Bank

According to reporting by the Australian Financial Review, if Suncorp decides to put up its banking division for sale then NAB would be interested in trying to buy it.

The newspaper reported that NAB’s leadership has “informally” told Suncorp’s management about the interest.

The approach was reportedly so that Suncorp’s board would know there was a large potential bidder that would be serious if a sale process were to proceed.

It’s possible that a potentially enlarged NAB is a reason that investors are sending the NAB share price higher.

How much would this add to the big four bank?

In its quarterly update for the three months to 31 March 2022, Suncorp reported that its total housing loans were $48 billion (up 1.7% over the quarter). It also had $11.3 billion of business loans, up 0.8% for the quarter.

The Suncorp Bank impairment expense was $1 million for the quarter. Suncorp Bank CEO Clive van Horen said its lending portfolio continued to be “high-quality and conservatively positioned”.

It was also noted that turnaround times were “consistently competitive” over that quarter, reflecting “continued delivery of a targeted program of work to improve customer and broker experiences”.

Wouldn’t other banks be interested?

It’s possible that banks other than just NAB would be interested in acquiring the Suncorp Bank business.

The AFR suggested that each of the big four ASX banks of NAB, CBA, Westpac, and ANZ would be interested. However, for varying reasons, NAB may be the best-placed candidate.

The newspaper noted that CBA may be too large to buy the business due to competition reasons. Therefore, CBA could attract the attention of the Australian Competition and Consumer Commission (ACCC). Westpac’s “painful” restructuring could mean it isn’t in a position to make an acquisition. The AFR said that ANZ is “in the doldrums”.

However, the newspaper did point out that Macquarie Group Ltd (ASX: MQG) could be a bit of a wildcard – the Macquarie banking division is looking to grow its mortgage book.

What would happen to Suncorp?

For starters, the company would have a few billion dollars to decide to return to shareholders and/or invest into its remaining business.

The company would then still have its insurance operations with multiple brands including AAMI, Bingle, Apia, Terri Scheer, Vero, and Asteron Life.

NAB share price snapshot

The NAB share price is up almost 7% this year to date and 16% over the past 12 months. However, it is down 6.5% over the past month and 5% over the past week.

The post NAB share price lifts amid Suncorp rumours appeared first on The Motley Fool Australia.

More reading

• Why GrainCorp, Link, NAB, and Pendal shares are sinking today
• The NAB share price is in reverse today. Here’s why
• What’s the outlook for ASX 200 bank shares amid rising interest rates?
• Looking to secure the latest NAB dividend. Here’s what you need to do
• Suncorp share price outperforms as home lending portfolio grows $800m

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 Macquarie Group Limited and 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is out of form again and tumbling lower. At the time of writing, the benchmark index is down 1.5% to 6,961 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price is up almost 1% to $102.31. This follows the release of the banking giant’s third-quarter update. For the three months ended 31 March, compared to the quarterly average during the first half, CBA reported a 1% decline in operating income to $6,103 million and flat cash earnings of $2,400 million. The latter was 9% ahead of the analyst consensus estimate.

Incannex Healthcare Ltd (ASX: IHL)

The Incannex Healthcare share price is up 11% to 40.5 cents. This morning the medicinal cannabis focused pharmaceutical company announced that it has entered into an agreement to acquire APIRx Pharmaceuticals. Based in the United States, APIRx is a leading pharmaceutical company specialising in cannabinoid active pharmaceutical ingredients and drug products.

Judo Capital Holdings Ltd (ASX: JDO)

The Judo Capital share price is up 7% to $1.74. This follows a positive reaction to the bank’s investor day update from a number of brokers. One of those brokers was Macquarie, which upgraded Judo Capital’s shares to an outperform rating with an improved price target of $2.15. Its analysts believe the company is well-placed to deliver above system growth over the coming years.

Orica Ltd (ASX: ORI)

The Orica share price is up 6% to $16.65. Investors have been buying this commercial explosives company’s shares following the release of its half-year results. Orica reported a 25% increase in revenue to $3,277 million. And while it posted a net loss after tax of $85 million, this was driven partly by a large tax expense. Underlying earnings before interest and tax was up 58% to $245 million.

The post Why CBA, Incannex, Judo Capital, and Orica shares are rising appeared first on The Motley Fool Australia.

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Shares of Tabcorp Holdings Ltd (ASX: TAH) are rangebound today and are currently less than 1% down at $5.03 apiece.

The Tabcorp share price has traded in a range of $4.975 –$5.065 to the point of writing in Thursday’s session.

What’s up with the Tabcorp share price today?

Shareholders had their chance to vote on the company’s decision to proceed to a demerger of The Lottery Corporation from Tabcorp.

Shortly after voting, it was revealed that Tabcorp shareholders have “overwhelmingly approved” the demerger.

Tabcorp Chairman, Steven Gregg was pleased on the result.

We are pleased to have received shareholder approval for the demerger of The Lottery Corporation from Tabcorp.

This is an important milestone in repositioning the Group’s portfolio and setting up Tabcorp and The Lottery Corporation for future success.

What now?

Tabcorp says that it will now seek orders from the Supreme Court of NSW for approval of the merger. The hearing is scheduled for Friday 20 May 2022.

“If the Scheme is approved by the Court,” Tabcorp says, “Tabcorp proposes to lodge a copy of the orders made by the Court with the Australian Securities and Investments Commission on Monday, 23 May 2022 and the Scheme will become effective on that date.”

“Subject to approval of the Scheme by the Court, The Lottery Corporation shares are expected
to begin trading on ASX on a deferred settlement basis on Tuesday 24 May 2022.”

Investors can determine their entitlements to The Lottery Corporation shares from 7pm (Sydney time) on Wednesday, 25 May 2022.

Tabcorp shares are less than 1% in the green for the last 12 months and are flat this year to date as well.

The post Tabcorp share price rangebound following lotto demerger vote appeared first on The Motley Fool Australia.

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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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Investors are punishing the CSR Ltd (ASX: CSR) share price in Thursday’s session having pushed prices 9% lower on the day.

CSR shares are currently swapping hands at $5.20 apiece as downward pressure continues on the company from traders exiting positions en masse.

Volume is also 625% of its 4-week average amid a slew of broker downgrades, despite the majority of analysts still advocating to buy.

CSR share price revised down

Jefferies and Macquarie both levelled of their view of CSR in recent notes, both downgrading the company to neutral.

Analysts at Jefferies reckon there “is a period of capex catch-up ahead” in correspondence to clients and “…forecasts, the prospect of the current pipeline of work falling sharply”.

The broker also mentioned that headwinds in the housing market, such as interest rates and softening prices will also weaken new housing approvals.

It cut CSR to a hold at a $5.90 per share valuation, just behind Macquarie who values the share at $6.05 each.

Analysts at UBS were less pessimistic on the outlook, baking in a strong buy call that’s been retained for some time now by the Swiss investment bank.

Still, these three brokers would be going against the grain, even after the company’s full year earnings release yesterday.

At present, 75% of coverage has CSR as a buy right now, according to Bloomberg data. Whereas the remaining 25% advocate it to hold CSR shares.

The consensus price target from this list is $6.35 per share, implying a 22% upside potential should the bull thesis play out.

CSR share price snapshot

In the last 12 months the CSR share price has booked a 15% loss after extending another 11% into the red this year to date.

In fact across all major time frames CSR shares are in the red.

The post Why is the CSR share price plunging 9% today? appeared first on The Motley Fool Australia.

More reading

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• Top broker warns this ASX 200 share may be next to issue a profit warning

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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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Macquarie, its analysts have retained their outperform rating and $44.00 price target on this gaming technology company’s shares. Macquarie is positive on Aristocrat due to its belief that the company is well-positioned to deliver solid growth in the coming years. This is thanks to strong performances from its existing businesses and potential M&A activity. The latter is supported by its cash balance of well over $1 billion. The Aristocrat share price is trading at $30.92 today.

Life360 Inc (ASX: 360)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating but slashed their price target on this location technology company’s shares to $5.50. Morgan Stanley continues to forecast strong recurring revenue growth from Life360. However, due to a de-rating in the tech sector, it has taken an axe to its valuation. But with price target this still offering material upside, it holds firm with its overweight rating. The Life360 share price is fetching $3.13 on Thursday.

Lifestyle Communities Limited (ASX: LIC)

Analysts at Goldman Sachs have retained their conviction buy rating and $24.50 price target on this retirement communities company’s shares. Goldman is very bullish on Lifestyle Communities due to Australia’s ageing population, structural growth in demand for land lease options, and fundamental valuation support for cap rates. The Lifestyle Communities share price is trading at $13.50 this afternoon.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Inc. 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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The Medibank Private Ltd (ASX: MPL) share price is heading south on Thursday following a broader market slump.

This comes amid the private health insurer announcing some key dates for its 2022 calendar this morning.

At the time of writing, Medibank shares are fetching at $3.165, down 0.47%. In comparison, the S&P/ASX 200 Index (ASX: XJO) is struggling throughout the day to trade at 6,977.9 points, down 1.23%.

What’s Medibank’s agenda for the remainder of 2022?

With the year almost halfway done, Australia’s premier health insurance provider, Medibank released its key dates for 2022.

The most important date in the near term is on 18 August, when the company will deliver its full year results.

In addition to its 12-month performance report, a 2022 final dividend will also be announced by the board.

The ex-dividend date is scheduled to occur the following month on 7 September. This is when investors must have purchased Medibank shares to be eligible for payment of the upcoming dividend.

The date for when shareholders will receive the final dividend payment is set for 29 September. 

For context, Medibank returned to shareholders a fully-franked final dividend payment of 6.9 cents per share for FY21.

Lastly, the company will hold its 2022 annual general meeting (AGM) on 16 November. This will likely recap the events over the last 12 months, as well as the near-term outlook for the private health insurer.

Medibank share price snapshot

Since this time last year, the Medibank share price has travelled in circles to post a gain of around 5%.

When looking at year to date, its shares have traversed the other way, down 5%.

Based on today’s price, Medibank commands a market capitalisation of roughly $8.73 billion.

The company currently has a trailing dividend yield of 4.10% and a price-to-earnings (P/E) ratio of 20.06.

The post Own Medibank shares? Here’s what to watch over the coming months appeared first on The Motley Fool Australia.

More reading

• How big will the Medibank dividend be in 2022?
• The Medibank share price has leapt 5% in a month. Could it be on the comeback trail in May?
• This ASX 200 healthcare share has a fully franked dividend yield over 4% right now
• Why is the Medibank share price trailing NIB over the past year?

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 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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ASX coal shares are outperforming on Thursday amid surging energy commodity prices.

In fact, the S&P/ASX 200 Energy Index (ASX: XEJ) is one of the best-performing sectors today. It’s recording a slump of just 0.8%.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) has dumped 1.23% on Thursday. The index is being weighed down by the tech sector’s whopping 7.8% tumble.

Let’s take a closer look at why most ASX coal shares are buoyed amid a sea of red today.

Why are ASX coal shares outperforming?

Shares in two of the biggest ASX-listed coal companies are doing better than the broader market today.

Right now, the Yancoal Australia Ltd (ASX: YAL) share price is leading. It’s recording a gain of 0.75% and trading at $5.38 apiece.

Meanwhile, shares in ASX 200 energy giant Whitehaven Coal Ltd (ASX: WHC) are flat after surging to 2.6% earlier today. At the time of writing, they’re trading at $4.98.

The coal producers’ shares are likely benefiting from the price of the energy commodity.

Newcastle coal futures are trading 1.99% higher at US$385 a tonne on Thursday afternoon. That’s the highest it’s been since it came off its all-time high of US$415 per tonne in March.

It comes as The Australian reports energy experts have noticed electricity generators are finding it harder to source coal in New South Wales lately.

That’s likely a sign of surging demand and, potentially, an ongoing result of sanctions placed on Russia – a major coal producer – following its invasion of Ukraine.

The price of coal could also be weighing on Australian energy prices.

The average energy spot price in Queensland has more than doubled in 2022 – averaging $144 per megawatt hour for the year so far – compared to 2021’s average of $61.81.

Victoria’s average energy spot price is fairing best this year, having risen around 37% compared to its 2021 average.

The post Why are these ASX coal shares having a top run today? appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
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• Why did ASX coal shares having such a stellar run on Thursday?
• Here are the top 10 ASX shares today
• How might the election outcome impact the outlook for ASX energy shares?

Motley Fool contributor Brooke Cooper 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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Despite sinking over the past month, the Pilbara Minerals Ltd (ASX: PLS) share price has returned unbelievable gains over the decade.

Arguably, investing your money in businesses that are either new to the market or emerging can make you seriously rich. Of course, there is an inherent risk, particularly given when a company is still finding its footing.

Nonetheless, we calculate how much you would have made if you’d bought $10,000 worth of Pilbara Minerals shares a decade ago.

How much would your initial investment be worth now?

If you’d invested $10,000 into Pilbara Minerals shares this time 10 years ago, you would have picked them up for approximately 2 cents apiece. This equates to about 500,000 shares without topping up along the way.

Fast-forward to today, Pilbara Minerals shares are exchanging hands at $2.56 at the time of writing. This means that those 500,000 shares would be now worth a staggering $1.28 million. That’s right! A $10,000 investment in Pilbara Minerals shares and letting time do the work would reap some serious rewards.

When factoring in percentage terms, this implies an incredible gain of 12,600% or an average yearly return of 62.45%.

In comparison, investing the same amount in an ASX 200 index-tracking fund would have given back 62.72% over 10 years. This equates to an average of 4.99% per year.

If you are wondering about the Pilbara Minerals dividends, the company has chosen not to pay a percentage of its profits to date. Instead, it has decided to invest in its business and keep the balance sheet healthy in times of commodity downturns.

And without doubt, that decision by management has paid off for long-term shareholders.

Pilbara Minerals share price summary

Regardless of the recent slump, the Pilbara Minerals share price has continued to accelerate by 114% over the past 12 months.

The company’s shares hit an all-time high of $3.89 in mid-January before treading lower in the following weeks. One can only imagine how much you’re initial $10,000 investment would be then.

Spoiler alert: It would have been close to $2 million at the peak!

Pilbara Minerals presides a market capitalisation of roughly $7.62 billion and has more than 2.97 billion shares on its registry.

The post If you’d bought $10,000 of Pilbara Minerals shares 10 years ago, congratulations! Here’s what you’d have now appeared first on The Motley Fool Australia.

More reading

• Down 20% in a month, is the Pilbara Minerals share price a buy?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• 2 ASX shares at ‘appealing’ buy prices right now
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Low charge: Is the party over for ASX lithium stocks?

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 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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