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The Downer EDI Ltd (ASX: DOW) share price is in fine form on Friday morning. This follows the company’s after-market announcement yesterday that it has been awarded a contract from the Department of Defence.

At the time of writing, the integrated services company’s shares are up 0.55%, trading at $5.52.

Downer awarded redevelopment contract

In its release, Downer advised it has been selected to deliver the planning phase of the Australian Defence Force’s proposed Riverina Redevelopment Program.

The planning phase is expected to generate $30 million in revenue for Downer, and will involve a number of works. This includes planning, standardising design, cost and time efficiencies in program approvals and construction packaging/delivery.

Downer advised that the planning phase would start this year and be completed by late-2023.

Furthermore, a delivery phase may follow through, subject to government and parliamentary approvals. This would involve an estimated $1.1 billion worth of works for the joint venture over five years.

The redevelopment program comprises of a 50/50 joint venture with CIMIC Group Ltd’s (ASX: CIM) construction group, CPB Contractors.

The Australian Defence Force is seeking to upgrade existing infrastructure and facilities across three military sites. Redevelopments include:

• Construction of new messing and live-in accommodation
• Construction of new training facilities
• Refurbishment and upgrading of existing buildings
• Construction of new car parks
• Remedial works and upgrades to infrastructure services.

This incorporates the RAAF Base in Wagga, the Albury-Wodonga military area, and the Kapooka military area.

What did management say?

Commenting on the award, Downer CEO Grant Fenn said:

This contract reflects Downer’s strong credentials that stem from an 80-plus-year relationship with the Department of Defence.

In that time, our Defence business has expanded to include the Department of Defence, the Australian Defence Force (ADF) and other Commonwealth national security agencies.

We look forward to working closely with the Department to develop these important Defence facilities, which is proposed to support Defence capability for the next 30 years.

About the Downer share price

A challenging couple of months led the Downer share price to touch a 52-week low of $4.79 in early March.

Nonetheless, its shares have since rebounded to trade around February levels between $5.00 and $5.60.

Year to date, the company’s shares are down 8%.

Downer commands a market capitalisation of around $3.71 billion, based on today’s price.

The post Downer share price edges higher on military contract win appeared first on The Motley Fool Australia.

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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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The PointsBet Holdings Ltd (ASX: PBH) share price is on course to end the week on a very positive note.

At the time of writing, the sports betting company’s shares are up 13% to $3.09 following the release of its quarterly update.

PointsBet share price higher after reporting strong growth

• Turnover up 54% to $1,398 million
• Gross win margin down 2.2 percentage points to 8.9%
• Gross win up 24% to $124.9 million
• Net win margin down 2.1 percentage points to 5.1%
• Net win (including iGaming) up 18% to $76.9 million
• Cash balance of $425 million

What happened during the quarter?

For the three months ended 31 March, PointsBet reported a 54% increase in turnover to $1,398 million. This was driven by a 37% increase in Australian turnover to $579.4 million and a 70% jump in US turnover to $818.6 million.

Things weren’t quite as positive for its gross and net win, which softened year on year due to its US business. Nevertheless, this couldn’t stop PointsBet from reporting a 24% increase in gross win to $124.9 million.

Whereas PointsBet’s third quarter net win increased 10% to $71.4 million, reflecting a 37% jump in Australian net win to $52.3 million and a 29% decline in US net win to $19.1 million. If you include the company’s iGaming operations, its net win rose 18% year on year to $76.9 million.

This ultimately led to cash receipts of $78 million. However, due partly to its $53.7 million spend on advertising and marketing, the company reported an operating cash outflow of $58.5 million for the period.

Nevertheless, PointsBet finished the period with a healthy cash balance of $425 million.

Outlook

No real guidance was provided for the remainder of the year. However, management advised that it continues to expect the Australian business to be EBITDA positive for FY 2022.

Whereas in North America, PointsBet USA’s CEO, Johnny Aitken, highlighted that the company had won another award and spoke positively about the opportunity in the key market.

He said: “Being recognized for the second consecutive year as the top sports betting operator at the EGR North America Awards is a tremendous honour the PointsBet team does not take lightly. We extend our sincere thanks to the judges, sponsors, industry colleagues, and entire EGR team for the recognition and validation of our hard work in the past year, which featured PointsBet extending its operations further across North America to jurisdictions like New York, Pennsylvania, and Ontario. Looking at the opportunity ahead, we are excited to continue proving our vision and ability to execute.”

The post PointsBet share price shoots 13% higher on strong Q3 growth appeared first on The Motley Fool Australia.

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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 Pointsbet Holdings Ltd. 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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One of the (few) good things to come out of the initial stages of the COVID-19 pandemic was a marked jump in interest in investing, especially in ASX shares.

Whether it was the lockdowns, stimulus payments or just the sheer volatility of the markets (or a combination), 2020 and 2021 were both years that saw a huge increase in interest in investing.

Last month, the Australian Financial Review (AFR) reported that “nearly 300,000 investors made their first trade in the 12 months to November 2021”. That brought the total of active online investors in 2021 to 1.52 million. That was up from 1.25 million in 2020, which itself saw a 66.6% increase over 2019’s numbers.

But could the picture be changing? For one, the last few months have brought more volatility and far less ASX share price appreciation than 2021 did. And most of us are out of house arrest and back to work, with JobKeeper and higher JobSeeker payments a fading memory.

Could investors still be keen to invest in ASX shares in 2022?

Plus, 2022 has brought us a new set of challenges. There has been an increase in market volatility, commodity prices and geopolitical instability. And inflation has also taken off. Just yesterday, we learned that the cost of living has risen an astonishing 5.1% over the 12 months to 31 March 2022. That was the biggest increase in more than 20 years.

Well, the early signs are still positive. According to another AFR report, ASX share trading platform Superhero estimates that “more than one in three Australians aged 18-24 began investing in the six months to February 2022”.

What’s more, a “similar proportion of overall investors planning to invest more than $20,000 in 2022”.

$20,000 is no small lump of change, so these estimates still indicate that the enthusiasm that Australians, particularly younger Australians, have found for investing in ASX shares since 2020 is still there.

But it will be interesting to see if the cost of living pressures impact the rest of 2022 and into 2023.

The post Is rising inflation reducing how much Aussies are investing in ASX shares? appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Friday
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• ASX 200 midday update: Coles, Fortescue, and Pilbara Minerals release quarterly updates

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 Bruce Jackson.

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The Kogan.com Ltd (ASX: KGN) share price has dropped to a new multi-year low on Friday following the release of a disappointing trading update.

In early trade, the struggling ecommerce company’s shares are down 12% to $3.98.

Kogan share price sinks after disappointing third quarter

• Kogan gross sales down 3.8% to $262.1 million
• Gross profit down 11.2% to $41 million
• Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) down 110.5% to a loss of $0.8 million
• Active customers up a modest 28,000 over the three months to 4,099,000
• Inventory levels broadly flat quarter on quarter at $193.9 million

What happened during the quarter?

For the three months ended 31 March, Kogan’s performance continued to weaken with the company reporting a 3.8% decline in gross sales to $262.1 million.

This was driven by weakness across its core Kogan Exclusive Brands and Third-Party Brands categories. They reported sales declines of 18.8% and 21.8%, respectively.

This offset a positive performance from the Kogan Marketplace business, which reported a 19.8% increase in gross sales for the quarter. Though, it is unclear if the growth of this side of the business is due to it cannibalising sales from other categories.

Once again, management failed to predict this softening of sales and positioned its inventory for elevated growth in gross sales. However, it concedes that consumer demand did not meet these expectations. This left it with inventories of $193.9 million at the end of the period.

Outlook

No guidance has been provided by the company for the remainder of the year.

However, it has advised that over the coming year the company will be recalibrating its operating costs in line with current growth levels to support a return to the historical operating margins previously generated.

Founder and CEO, Ruslan Kogan, commented: “While market conditions are challenging at present, the foundations laid over the last 16 years are holding us in good stead. Our current focus on recalibrating inventory levels and core operational costs is aimed at returning the Company to its historical margins and also to position the business for its next phase of growth.”

The post Kogan share price crashes 12% to multi-year low amid Q3 sales decline appeared first on The Motley Fool Australia.

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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 Kogan.com ltd. The Motley Fool Australia has positions in and has recommended Kogan.com 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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There are some ASX e-commerce shares that saw booming sales during the COVID years of 2020 and 2021, and they’re still growing in 2022. However, the share prices have fallen significantly.

Expectations of rising interest rates because of high inflation are at the front of many investors minds.

Are the below two businesses opportunities after their heavy declines?

Cettire Ltd (ASX: CTT)

Cettire is a fast-growing ASX e-commerce share that sells luxury personal goods. It has expanded into other areas such as products for children.

Since the start of 2022, the Cettire share price has fallen by around 80%.

However, the company continues to deliver triple-digit growth. Earlier this week, it delivered its update for the third quarter of FY22. It said that sales revenue, which is gross revenue net of allowances and returns from customers, rose by 163% to $48.7 million. The number of active customers increased by 185% to 246,880.

But, while the number of unique website visits increased 269% to 13.3 million, the conversion rate decreased by 26% to 0.75% from 1.01%.

Cettire said that repeat purchasers were responsible for more than 50% of its gross revenue in the quarter. The ASX e-commerce share has now launched mobile apps to grow market penetration, improve the customer experience, and support retention and conversion. Even before the mobile apps, around 80% of website traffic came from mobile devices.

The company said that it is experiencing higher conversion rates and higher average order values for on-app purchases compared to other channels.

Cettire also has plans to grow in China with a partnership with JD.com.

Adore Beauty Group Ltd (ASX:ABY)

The Adore Beauty share price has fallen by almost 60% since the start of 2022.

However, the business keeps growing its revenue and active customer numbers.

In the third quarter of FY22, the company’s revenue rose 9% year on year to $42.7 million and active customers increased 7% to 880,000. That was despite cycling new customer growth of 89% in the prior period.

The number of returning customers rose 47% year on year, driven by “strategic initiatives to improve retention.”

Adore Beauty said that its mobile app accounted for over 10% of revenue. The company said that the loyalty program is scaling strongly with loyalty members contributing over 60% of revenue. It’s still on track to launch a private label in the fourth quarter of FY22.

The ASX e-commerce share said that it operates in a large and growing $11 billion market.

To stay at the front of consumers’ minds, Adore Beauty has launched its fourth podcast called ‘Makeup School’ and it’s continuing to see high levels of engagement across its other three podcasts. The company sees this method of marketing as a cheaper, more efficient way to reach customers.

Adore Beauty’s Beauty IQ podcast has reached 3.6 million downloads, while the YouTube channel has reached 2 million views.

It has also been increasing its brand awareness with Temple & Webster Group Ltd (ASX: TPW) and 7-Eleven.

The post Are these 2 growing ASX e-commerce shares buys? 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 Cettire Limited and Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited, Cettire Limited, and Temple & Webster Group 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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Even though experts are predicting Bitcoin (CRYPTO: BTC) will hit $590,000 by the end of this decade, they’re also forecasting that it’ll be usurped as the flagship cryptocurrency.

That’s the majority opinion from 35 industry gurus surveyed in Finder’s latest quarterly Bitcoin Price Predictions Report.

It seems Bitcoin’s lack of purpose, other than store of value, is worrying the experts about its long-term viability.

As a contrast, Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) are both blockchain systems that facilitate smart contracts. 

Half the panel, therefore, thought that Bitcoin would eventually be overtaken as the most popular crypto.

‘One-trick pony’

Thomson Reuters technologist and futurist Joseph Raczynski called Bitcoin a “one-trick pony”.

“For now it really only serves as another currency, akin to a dollar, euro, or pound,” he said.

“Other blockchains that serve a multitude of purposes will likely have a chance to take the throne.”

Nottingham Trent University associate professor Jeremy Cheah agrees.

“Despite Bitcoin being the most widely known and somewhat understood, it consumes too much energy and suffers from interoperability and scalability problems.”

Both Ethereum and Solana, with their real-world applications, have a chance to take the throne, according to Tykhe Block Ventures co-founder Ganesh Kompella.

“Bitcoin is not a blockchain at all enabling advancements in technology. It’s just a cryptocurrency, if you look at it,” he said.

“Ethereum might flip BTC in terms of market cap. Solana becomes a primary hub for on-chain perps and options.”

Ethereum marches ahead while Bitcoin shrinks to US$100?

Raczynski reckons Ethereum is the most likely successor.

“It can serve as money, but has created a platform to tokenize all assets and create a massive platform of the internet of value,” he said. 

“This is far grander than Bitcoin potentially.”

One expert that’s an absolute Bitcoin bear is University of Canberra senior lecturer John Hawkins.

He forecasts the leading crypto would shrink to US$5,000 by 2025 and just US$100 by 2030, to be completely crushed by Ethereum.

That would upset a lot of people, but is a risk.

“As well as private crypto being replaced by central bank digital currencies, and a general collapse of the speculative bubble, I think Bitcoin will lose out to Ethereum which has a stronger use case,” he said.

“Especially if Ethereum ever converts to proof-of-stake and so becomes more environmentally responsible.”

The post Crypto king Bitcoin to be dethroned by this hot rival: experts appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo has positions in Bitcoin, Ethereum, and Solana. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin, Ethereum, and Solana. The Motley Fool Australia owns and has recommended Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 

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A panel of experts has collectively predicted that Bitcoin (CRYPTO: BTC) will be worth US$420,240 ($590,000) by the end of this decade.

The bullish forecast was found in comparison site Finder’s quarterly Bitcoin Price Predictions Report, which surveyed 35 industry gurus.

By 2025, the panel predicted Bitcoin would reach US$179,280 ($252,560).

Long term bulls, but short term confusion

Perhaps justifying a long-term horizon for crypto investing, the experts were more polarised in their opinions about Bitcoin’s immediate fortunes.

Some thought it could hold its current level of around $55,000 till the end of the year, while others thought it may be significantly higher or lower.

CoinJar chief Asher Tan thinks Bitcoin will peak at $84,000 before dropping slightly to $79,000 by the end of the year.

“There’s still plenty of uncertainty about the short-term Bitcoin outlook,” he said.

“Given the macroeconomic headwinds, it would not surprise me to see Bitcoin spend the whole year bouncing around between $42,000 and $84,000 – the sort of conditions that are terrible for traders, but rewarding for accumulators with a multi-year timeframe.”

Collectively the experts expected the flagship crypto to peak at $81,680 this year before settling at $91,000 when 2023 rolls in.

Will Bitcoin reduce its energy consumption?

Galia Digital blockchain specialist Kate Baucherel predicted Bitcoin would only remain at the same level as now when the New Year’s fireworks go off, because of its reliance on fossil fuels.

Digging up gold costs 3.5 times less energy than mining the same value of Bitcoin, according to the Bankless Times.

Swinburne University of Technology fintech lecturer Dimitrios Salampasis agreed that this would remain a cloud over Bitcoin’s head.

But perversely it could work to its advantage.

“The conversations around the environmental impact of mining may lead to blanket bans of crypto mining activities, which could additionally contribute to Bitcoin scarcity and the increased prices as a store of value.”

Digital Capital Management managing director Ben Ritchie was one of the more bullish on the panel, predicting Bitcoin would end 2022 at $140,000.

He attributed this to the economic and geopolitical uncertainties this year.

“Can we trust the economic system and the power brokers driving it? Trust has been lost and, with the economy in uncharted territory, Bitcoin is forming a viable alternative solution,” he said.

“Placing ‘trust’ in code and mathematics, with no intervention, has significant global appeal.”

The post Bitcoin will be worth $590,000 by 2030: experts appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Tony Yoo has positions in Bitcoin. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Pilbara Minerals Ltd (ASX: PLS) share price has been at the forefront of investor attention this month.

Despite travelling 3.46% higher to $2.69 yesterday, the company’s shares have plummeted in recent times. In fact, for the month of April, its shares are down 17%.

Below, we take a look at what Michelle Lopez, head of Australian equities at Aberdeen Standard Investments had to say.

Are Pilbara Minerals shares too expensive?

When the Pilbara Minerals share price continued to power ahead in early 2022, there was a consensus among investors that it could be overvalued.

As Ms Lopez explains, a few weeks ago she would have agreed with the above notion. However, after taking a step back while the company’s shares cooled off this month, her view has changed.

Ms Lopez noted that the market is “constructive on lithium on a medium-longer term view because of the structural demand drivers”.

With less than 10% of electric vehicle penetration, the current battery production run rate to meet production could be insufficient. This is because “inventory remains tight across the supply chain”, Ms Lopez said.

Nonetheless, lithium is available almost anywhere in the world and there are a number of companies developing their lithium projects.

Although it is worth remembering it is a slow process to build a lithium and bring it up to production. On average it takes around 4 to 7 years from concept to production. This includes engineering and regulatory approvals, project evaluation and feasibility studies, as well as construction of new production plant.

Given that it isn’t easy, Ms Lopez believes that lithium demand will outstrip supply over the investment period.

Therefore, she rates Pilbara Minerals shares as not overvalued.

In particular, Ms Lopez stated she was attracted to the company’s asset position being low on the cost curve.

In addition, Pilbara Minerals can grow production organically with its wholly-owned Pilgangoora Lithium-Tantalum Project in Western Australia.

Furthermore, Ms Lopez commented that in light of the recent volatility, she has been topping up when valuations are attractive.

About the Pilbara Minerals share price

Regardless of its recent declines, the Pilbara Minerals share price has accelerated by 130% in the past 12 months.

The company’s shares reached an all-time high of $3.89 in mid-January before sharply pulling back to December 2021 levels.

On valuation grounds, Pilbara Minerals presides a market capitalisation of roughly $8.01 billion.

The post Despite dropping 17% in April, is the Pilbara Minerals share price still overvalued? appeared first on The Motley Fool Australia.

More reading

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• Why AMP, Fortescue, Pilbara Minerals, and Sandfire shares are racing higher
• ASX 200 midday update: Coles, Fortescue, and Pilbara Minerals release quarterly updates
• Pilbara Minerals share price climbs as lithium prices surge
• Here are the 3 most heavily traded ASX 200 shares on Wednesday

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 Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) mining sector completed Thursday’s session with its biggest, single-day gain in five weeks.

Australian miners were benefitting as commodity prices rebounded. According to NABTrade, “Chinese iron ore and steel futures rose on Wednesday after falling for two consecutive days, as concerns stoked by the COVID-19 outbreak eased.”

As such, it was a day well in the green for the sector.

Gains for the ASX 200 mining sector

The BHP Group Ltd (ASX: BHP) share price finished the day up by a substantial 4.37%. It regained some of the ground lost after the company last week reported its quarterly update for the three months to 31 March 2022.

In the update, BHP said its iron ore production was down 10% quarter on quarter. The company also reduced its FY22 production guidance for both nickel and copper.

The Fortescue Metals Group Limited (ASX: FMG) share price also soared higher on Thursday, up by 8.11%. This came after Fortescue reported its quarterly update for the three months to 31 March 2022.

Fortescue said that the amount of ore shipped was 46.5mt, which was a 10% increase compared to the third quarter of FY21. The miner said it achieved record shipments for the nine months to 31 March 2022 of 139.5mt.

Its average revenue was US$100 per dry metric tonne (dmt), representing revenue realisation of 70% of the Platts CFR Index for the quarter. This was a slight increase from 68% in the second quarter of FY22.

However, Fortescue did increase the capital estimate for the project to US$3.6 billion – US$3.8 billion, up from the previous guidance of between US$3.3 billion and US$3.5 billion.

The Rio Tinto Limited (ASX: RIO) share price also climbed yesterday, up by 3.52%.

The big three iron ore miners weren’t the only ones that saw gains on Thursday.

Following the release of a quarterly report, the Sandfire Resources Ltd (ASX: SFR) share price gained almost 12%. The company generated $343 million of sales revenue and $186.9 million of earnings before interest, tax, depreciation and amortisation (EBITDA).

Sandfire said it’s delivering growth in high-margin production. The ASX 200 miner also advised that production guidance was strengthened, though operating cost guidance also increased.

Other mining gains

Some other notable gains on the ASX 200 also came from mining shares on Thursday:

The OZ Minerals Ltd (ASX: OZL) share price leapt 6.92%.

The Whitehaven Coal Ltd (ASX: WHC) share price climbed 6.9%.

The Iluka Resources Ltd (ASX: ILU) share price gained 6.15%.

Nickel Mines Ltd (ASX: NIC) shares jumped 6.06%.

Mineral Resources Ltd (ASX: MIN) shares gained 4.79%.

The New Hope Corporation Ltd (ASX: NHC) share price increased by 4.55%.

Yancoal Australia Ltd (ASX: YAL) shares climbed 3.96%.

What’s next?

ASX shares look set to end the week with another positive day on Friday after a stellar session on Wall Street overnight. Over in the US, the Dow rose 1.85% and the S&P 500 jumped 2.5%. Meanwhile, the tech-heavy Nasdaq leapt by just over 3%.

So, whilst it’s shaping up to be a good day for investors, ASX 200 mining shares could be forced to take a back seat to the tech sector on Friday.

The post ASX 200 mining shares just had their best trading day in 5 weeks. What’s next? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why AMP, Fortescue, Pilbara Minerals, and Sandfire shares are racing higher
• Why is the Rio Tinto share price rebounding strongly on Thursday?

Motley Fool contributor Tristan Harrison has positions in Fortescue Metals Group Limited. 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 Bruce Jackson.

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If you’re looking for dividends shares with great yields, then you may want to look at the ones listed below.

Here’s why analysts rate these dividend shares as buys:

Charter Hall Long WALE REIT (ASX: CLW)

The first ASX dividend share that could be a buy is the Charter Hall Long Wale REIT.

It manages a wide range of listed and unlisted property funds for institutional and retail investors with a focus on office, industrial, and retail sectors. This includes 78 hotel properties across the five mainland states leased to ALH Group that were acquired from ALE Property with Hostplus for ~$1.7 billion recently.

The team at Citi is very positive on the Charter Hall Long Wale REIT. Its analysts currently have a buy rating and $5.71 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 30.8 cents in FY 2022 and 30.9 cents in FY 2023. Based on the current Charter Hall Long Wale REIT share price of $5.34, this will mean yields of ~5.8%.

Telstra Corporation Ltd (ASX: TLS)

Another dividend share that could be in the buy zone is telco giant Telstra.

It returned to underlying earnings growth for the first time in years during the first half of FY 2022 thanks to the success of its T22 strategy.

But Telstra isn’t settling for this. It will shortly commence its T25 strategy, which has been designed to deliver solid and sustainable earnings growth over the coming years.

This has gone down well with the team at Morgans, which has put an add rating and $4.56 price target on the company’s shares.

In addition, the broker continues to forecast fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Which, based on the current Telstra share price of $3.97, will mean attractive yields of 4% for investors.

The post Analysts name 2 ASX dividend shares with great yields to buy now appeared first on The Motley Fool Australia.

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• What’s dragging the Telstra share price lower today?
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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 positions in and has recommended Telstra Corporation 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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