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

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

Amazon (NASDAQ: AMZN) is getting a lot of attention after announcing a 20-for-1 stock split on March 9. Shareholders must approve the move on a vote on May 25 before it can go into effect.

Regardless, the change will not impact ownership percentages for shareholders. But there are more prominent reasons to be excited about Amazon stock. Keep reading to find out what those are.

1. Amazon web services is accelerating

Amazon reports operating-income results from three distinct segments: North America, international, and Amazon Web Services (AWS). In the year ended Dec. 31, Amazon reported $24.9 billion in operating income. Of that total, $18.5 billion came from AWS.

Similarly, in 2020, Amazon earned $22.9 billion in operating income, and $13.5 billion was derived from AWS. The coronavirus pandemic accelerated the adoption of cloud computing, and as a result, AWS is thriving.

AMZN Operating Income (TTM) data by YCharts.

Fortunately for shareholders, the trend is unlikely to reverse because for businesses, the move to cloud computing replaces a considerable, upfront fixed cost with a smaller recurring cost, based on usage. In its fourth-quarter ended Dec. 31, AWS generated $17.8 billion in revenue. That was up by 40%, compared to the same quarter of the prior year. What’s more, AWS has grown revenue at an accelerating rate for four consecutive quarters.

Businesses typically sign long-term contracts with Amazon for cloud services. As of Dec. 31, 2021, the average length of these long-term contracts was 3.8 years.

It’s not like there was a boom during the pandemic that will quickly snap back in the aftermath. The value of these contracts is increasing, too. As of Dec. 31, the total value of long-term contracts for cloud services was $80 billion. That figure is up sharply from the $50 billion total at the end of 2020.

2. Amazon is becoming a dominant force in advertising

The second reason to get excited about Amazon stock is its growing revenue from advertising. In the fourth quarter, Amazon generated $9.7 billion in ad revenue. That was up by 33% from Q4 in 2020.

The company is home to more than 200 million Prime members who have access to fast and free shipping on millions of items. Plus, millions more shoppers get fast and free shipping on orders over $25. Both groups of shoppers have payment information on file and are one click away from purchasing. It’s no surprise that marketers would be wildly interested in gaining the attention of this powerful buyer network.

In 2021, advertisers spent $763 billion globally, which increased 22.5% from 2020. In recent years, marketers have been allocating more dollars to digital channels because of the ease of measurement and higher return on investment. Digital’s share of overall ad spending totaled 64.4% in 2021, up from 52.1% in 2019. According to GroupM, 85% of digital advertising outside China will go to Facebook, Alphabet‘s Google, and Amazon.

FB Operating Margin (TTM) data by YCharts.

Like cloud services, advertising revenue is lucrative and drives higher profit margins than Amazon’s retail-sales segment. If you need proof of that, consider Alphabet‘s and Meta Platforms’ operating profit margins over the past several years.

The proliferation of Amazon’s web services and advertising revenue — two areas with high profit margins — is undoubtedly more to get excited about than the upcoming stock split. 

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

The post Forget the stock split — 2 bigger reasons to be excited about Amazon stock appeared first on The Motley Fool Australia.

More reading

• Shopify, Alphabet, Amazon, and Tesla stocks are splitting — which ones are the best buys?
• Is Amazon stock a buy this month?
• Why Amazon stock slipped on Monday
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• 3 charts that show why Amazon is an unstoppable growth stock

Parkev Tatevosian owns Alphabet (C shares), Amazon, and Meta Platforms, Inc. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Alphabet (A shares), Amazon, and Meta Platforms, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alphabet (C shares). The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, and Meta Platforms, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

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Shares in Uniti Group Ltd (ASX: UWL) are trading up around 3% on Thursday morning on the back of a company announcement.

At the time of writing, the Uniti share price has poked its nose above $4.95 and hasn’t budged since trade commenced on Thursday.

Uniti enters deed with consortium

The company advised it has entered into a scheme implementation deed with MBC BidCo Pty Ltd. Under the terms, MBC BidCo will acquire all of Uniti’s equity on a cash consideration of $5 per share.

MBC BidCO is an entity wholly owned by a consortium comprising The Morrison & Co Infrastructure Partnership, Commonwealth Superannuation Corporation and Brookfield Australia.

Uniti accepted the offer back in March after a short-lived bid off between Macquarie and the consortium, resulting in a revised offer of $5 per share.

The deal values Uniti at approximately $3.62 billion which values the company at an enterprise value (EV) of around $3.73 billion, it says. Although, the cash offer backs out any dividends or distributions declared or paid after today.

“[The deal represents] [a]n implied acquisition EV/EBITDA multiple of approximately 27.6x Uniti’s 12 months underlying EBITDA of approximately $135 million to 31 December 2021 and 25.7x Uniti’s FY22F Consensus underlying EBITDA of $145 million,” the company added.

Uniti’s board has thrown its full weight behind the transaction and urges shareholders to do the same in voting.

Speaking on the announcement, Uniti Managing Director & CEO, Michael Simmons said:

The value placed on Uniti by the Morrison/Brookfield Consortium is a testament to the strength of the Uniti business we have built over the last 3 years since our listing on the ASX in February 2019. We
have built a high quality business with long-term annuity earnings, generated from best-in-class fibre access networks and telecommunications technologies. We are immensely proud of the achievements of the Uniti team and believe that under its proposed new ownership, Uniti will continue to build upon its now established place as a successful, growing participant in the market for high speed, high quality, fibre access networks.

The scheme is still subject to a number of conditions not the least shareholder approval, court approval and a go-ahead from the Foreign Investment Review Board (FIRB).

Uniti says that it also hopes to pay a fully franked special dividend on or before the Scheme implementation date.

In the last 12 months, the Uniti share price has spiked 91% and is up 11% this year to date. In the past month however, it has soared more than 58% and is now sitting at 52-week highs.

The post Uniti share price lifts to 52-week high on sweetened takeover deal appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: Pendal rejects takeover offer, Mineral Resources rises on broker upgrade
• These were the best performing ASX 200 shares in March
• Macquarie calls ‘pens down’ on Uniti (ASX:UWL) takeover but more suitors possible
• These 3 ASX 200 shares are topping the volume charts this Tuesday
• Uniti (ASX:UWL) share price climbs 4% as Morrison ups the ante

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 recommended Uniti Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Polynovo Ltd (ASX: PNV) share price has moved in circles over the past couple of months. This is despite the company reporting positive numbers across its key financial metrics in its half-year results.

At the time of writing, the medical device company’s shares are up 0.64% to $1.10.

While the Polynovo share price has gained 10.2% in the past month, it is down almost 30% since the beginning of 2022.

Polynovo shares continue to be heavily shorted

ASX investor sentiment on the Polynovo share price has been mixed due to the inconsistent performance of the business. This has ultimately attracted a large number of short sellers to the company’s registry.

Short-selling is a common trading strategy that aims to profit from a fall in the price of a security. The goal for an investor is to borrow and sell the shares then buy them back at a lower price for a profit.

Last week, the Australian Securities & Investments Commission (ASIC) released its short position report revealing the level of short interest in companies.

As such, Polynovo remained in the top 10 with 9.87% of its shares being heavily shorted by investors.

In comparison, ASIC had a short interest of 5.44% in Polynovo last year on 7 April. This is almost 50% less than where its shares are shorted today.

Given the large increase in short positions being taken up, it appears investors are concerned about the company’s performance and dwindling cash balance.

Share price summary

Over the past 12 months, the Polynovo share price has continued its downward trend to post a 65% loss.

In comparison, the S&P/ASX 200 Healthcare (ASX: XHJ) sector has lost 4% in the same time frame.

It’s worth noting that the Polynovo share price hit a multi-year low of 83.5 cents on 8 March. This is a stark difference from when it was trading above the $3 mark in April 2021.

Based on today’s price, Polynovo presides a market capitalisation of approximately $727.86 million.

The post Why does the Polynovo share price remain one of the most shorted on the ASX? appeared first on The Motley Fool Australia.

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• 3 beaten up shares you might be surprised to learn are still part of the ASX 200
• These are the 10 most shorted ASX shares
• March was a stellar month for the Polynovo share price. Here’s why
• Why CBA, Kelsian, PolyNovo, and Weebit Nano shares are pushing higher
• ASX 200 (ASX:XJO) midday update: Block and Zip sink, Paladin Energy raises $200m

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. owns and has recommended POLYNOVO FPO. 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 March quarter was rough for most ASX buy now, pay later (BNPL) shares, but these three managed to outperform their peers last quarter.

The BNPL space was busy with transformational happenings. These included the announcement of a merger between Zip Co Ltd (ASX: Z1P) and Sezzle Inc (ASX: SZL), the removal of former market favourite, Afterpay, and the inclusion of Block Inc (ASX: SQ2) on the ASX.

So, which ASX BNPL shares managed to outperform their peers last quarter? Let’s take a look.

The 3 best-performing ASX BNPL shares of the March quarter

A quick note before we start: This list only considers ASX BNPL shares with market capitalisations of more than $50 million.

IOUPay Ltd (ASX: IOU) – gained 6.25%

Last quarter was rocky for the IOUPay share price, but it ultimately finished it in the green.

After ending 2021 trading at 16 cents, the BNPL stock was being traded for 17 cents at the final close of the March quarter.

That’s despite the IOUPay share price dropping or trading flat on all announcements released by the company in that time.

The last time the market heard from IOUPay was a trading update for the first half of the March quarter.

Then, the company noted the uptake of its BNPL service had increased, as had its transaction volumes.

Block Inc – gained 4.93%

On joining the ASX in late January following its all-scrip takeover of Afterpay, the Block share price finished its first session of trading at $176.63.

Come the final close of the March quarter, Block was swapping hands for $185.33 apiece on the ASX.

Though, sailing wasn’t as smooth for its New York listing – Block Inc (NYSE: SQ). It slipped 16% over the three months ended 31 March.

The big news from the payment services provider last quarter was its earnings for the 12 months ended 31 December and for the three months ended 31 December.

Over the 12 months, Block’s profit soared 62% year-on-year, reaching $4.42 billion. Meanwhile, its revenue surged 86% to $17.66 billion.

Its December quarter earnings were also positive, with the company’s quarterly profit increasing 47%.

The now-ASX BNPL share saw its value surge 32.49% on the release of its results.

Humm Group Ltd (ASX: HUM) – fell 4.44%

The Humm share price outperformed most of its ASX BNPL peers last quarter even though its value declined. However, it might not be included in future lists like this one. That’s because the company recently agreed to sell its consumer finance business which houses its BNPL segment.

The segment is set to be acquired by Latitude Group Holdings Ltd (ASX: LFS) for $335 million.

Following the sale, Humm will still control its commercial business flexicommercial.

The Humm share price slipped from 90 cents to 85 cents last quarter.

The post Own ASX BNPL shares? These were the best performers of the March quarter appeared first on The Motley Fool Australia.

More reading

• Block share price in the red as Afterpay loss balloons 336%
• Why Block, IGO, Navigator Global, and Platinum shares are dropping
• Why are ASX 200 tech shares having such a dire day?
• ASX 200 midday update: Magellan jumps, tech shares tumble
• March was a lousy month for ASX BNPL shares. Here’s why

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. owns and has recommended Block, Inc. and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Block, Inc. The Motley Fool Australia has recommended Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in Kuniko Ltd (ASX: KNI) are surging 26% higher today on the back of a company announcement.

The company reported findings from downhole geophysics surveys conducted at its Skuterud Cobalt Project in Norway.

At the time of writing, the Kuniko share price is resting at $1.44 apiece. It is rangebound after an initial spike from the open and trading volume is already at 64% of its 4-week average.

What did Kuniko announce?

The company says that findings from the most recent surveys held at Skuterud have yielded positive results.

“Specialist consultancy firm, GeoVista AB, has captured and interpreted data acquired from a downhole geophysics survey campaign targeting historic drill holes by Berkut Minerals Ltd., enabling optimisation of drill plans,” it said.

Survey findings confirm the presence of ‘conductors’ that were previously identified by airborne studies already completed by Kuniko, it added.

Results say these conductors are “partially or fully off-hole”, meaning they’ve actually been missed – or only partially intersected – by previous drilling attempts from the company.

Speaking on the announcement, CEO Antony Beckmand was pleased with the latest results. He went on to provide a summary of Kuniko’s next moves:

With drilling set to launch in the next weeks, these latest borehole geophysics results provide further signs of the potential and opportunity at the Skuterud Cobalt Project. The downhole geophysics has confirmed the presence of the conductors we originally identified at the Middagshvile target using airborne electromagnetic and magnetic surveys in 2021, while downhole geophysics modelling identifies the conductors aligning with and corresponding to mineralization observed in the available historic core assays.

We have done our geological due diligence on the Skuterud targets, putting Kuniko in a prime position of being well prepared and having solid reasons to be confident and enthusiastic about prospects for unveiling cobalt mineralisation with our upcoming drill campaign.

With a prevailing and forecast undersupply for this valuable mineral, where current sources of supply are heavily reliant on Democratic Republic of Congo, Russia and China, Kuniko is firmly focussed on the rapid development of Skuterud project to bridge the supply chain gap with ethically sourced, responsibly developed, net zero-carbon cobalt.

Kuniko shares have soared in absolute return since first emerging on the ASX in August last year, but the share price has glided down off a high of $$3.23.

The post Here’s why the Kuniko share price is surging 20% today appeared first on The Motley Fool Australia.

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• Guess which ASX battery metals share has rocketed 100% in a week

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 Bruce Jackson.

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This year so far has been a good one for the Bendigo and Adelaide Bank Ltd (ASX: BEN) share price. It’s gained 11.94% since the start of 2022, outperforming many of its ASX peers.

In fact, the bank’s share price is currently outperforming the S&P/ASX 200 Financials Index (ASX: XFJ) by nearly 10%. The sector has risen just 2.34% year to date.

It’s not only the financials index that Bendigo Bank is leaving in its dust. The S&P/ASX 200 Index (ASX: XJO) has slipped 0.92% since the beginning of 2022, leaving the bank’s stock outperforming it by nearly 11%.  

At the time of writing, the Bendigo Bank share price is $10.40, 0.95% lower than its previous close. Comparatively, the ASX 200 is gaining on Thursday. It’s up 0.53% right now.

So, what’s driven Bendigo Bank’s outperformance this year? Let’s take a look.

Why is the Bendigo Bank share price outperforming?

Bendigo Bank is one of the ASX 200’s best-performing financial stocks in 2022, and that’s despite only one piece of news having been released by the retail bank.

On 14 February, the Bendigo Bank share price got plenty of love over the bank’s half-year earnings.

Over the six months ended 31 December, its revenue increased 8.5% on that of the prior comparable period. Its statutory net profit also rose 31.7% while its interim dividend received a 12.8% boost, reaching 26.5 cents, fully franked.

Bendigo’s strong performance was driven by its residential lending. The Bendigo Bank share price gained 4.43% on the release of the half-year results.

But it’s not the highest performing ASX 200 financial share of 2022.

That crown is worn by National Australia Bank Ltd (ASX: NAB). Its shares have gained 12.59% in 2022 so far – only just besting the Westpac Banking Corp (ASX: WBC) share price with a 12.07% year-to-date gain.  

The post How has the Bendigo Bank share price outperformed its ASX peers by 10% in 2022? appeared first on The Motley Fool Australia.

More reading

• What was the highest ever Bendigo Bank share price?
• Here are the 5 best performing ASX 200 bank shares of the March quarter
• It’s payday for Bendigo Bank (ASX:BEN) shareholders today. Here’s the deal
• How did ASX 200 bank shares perform today?
• Why has the Bendigo Bank (ASX:BEN) share price been smashing BOQ in 2022?

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 owns and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Telstra Corporation Ltd (ASX: TLS) share price is an interesting investment proposition in 2022. Do the experts believe it’s an opportunity?

Since the start of the year, the Telstra share price has fallen by 4.5%. Some businesses have fallen much further. For example, the Xero share price has dropped around 30% in this calendar year.

But just because Telstra hasn’t fallen much, doesn’t mean it can’t be good value today.

Brokers are liking the moves that the telco is making to increase the profitability and prospects of the business.

The deal-making telco

One of the things that brokers have liked is the deal between Telstra and TPG Telecom Ltd (ASX: TPG). Morgan Stanley thinks it can help Telstra give customers a cost-effective method of getting access to additional spectrum in regional Australia, which will help speeds. It will also help profit.

TPG will gain access to around 3,700 of Telstra’s mobile network assets. Telstra will also obtain access to and deploy infrastructure on up to 169 existing TPG mobile sites, improving coverage for customers.

Telstra said that the deal would realise more value from Telstra’s network infrastructure for shareholders while making a “very significant” contribution to Telstra’s wholesale mobile revenue.

But this hasn’t been the only deal that Telstra has made in recent history which could impact the Telstra share price.

Last year it announced the acquisition of Digicel Pacific, adding 2.5 million customers and “leading mobile businesses” in PNG, Fiji, Vanuatu, Tonga, Nauru and Samoa. This acquisition generated combined earnings before interest, tax, depreciation and amortisation (EBITDA) of US$233 million for the financial year ended 31 March 2021, with a “strong margin”.

The ASX telco share also entered into a deal to buy GP clinical and practice management software company MedicalDirector for an enterprise value of A$350 million. Its software as a service (SaaS) solutions supports general GPs and other specialists and pharmacies in the Australian healthcare industry. At the time of the acquisition, it supported approximately 23,000 medical practitioners and is used to deliver more than 80 million consultations a year.

Is the Telstra share price a buy today?

Morgan Stanley thinks so, rating it as a buy with a price target of $4.60.

The broker Morgans rates Telstra as a buy, with a price target of $4.56. It acknowledges the underlying growth that Telstra is now generating.

Indeed, Telstra is looking to achieve a compound annual growth rate (CAGR) of high-teens for underlying earnings per share (EPS) to FY25. That marks a change to the last few years where profit has been falling predominately due to the transition of households to the NBN.

Credit Suisse rates Telstra as a buy, with a price target of $4.50.

Ord Minnett also rates the business as a buy, with a price target of $4.50.

The post Do experts think the Telstra share price is good value right now? appeared first on The Motley Fool Australia.

More reading

• ‘Our hard work is paying off’: Here’s why the future Telstra CEO is excited about the ASX share’s ambitions
• Analysts name 2 ASX 200 dividend shares to buy now
• Is the Telstra share price a buy for dividends and growth?
• Here’s how the Telstra share price performed last quarter
• Could April be a good month for the Telstra share price?

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 owns and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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

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

What happened

Shares of Rivian (NASDAQ: RIVN) are making big gains in today’s trading. The electric vehicle (EV) company’s stock was up roughly 7.5% as of 3 p.m. EDT Wednesday. Meanwhile, the S&P 500 index climbed roughly 1%, and the Nasdaq Composite index was up roughly 1.9%. 

Growth-dependent stocks have seen volatile trading recently, and the market has seen big swings this week. While there doesn’t appear to be any fresh, business-specific news driving the company’s share price higher, Rivian is benefiting from an uptick in bullish sentiment lifting the broader market. 

So what

After a day of dramatic sell-offs on Monday, yesterday’s trading delivered some rebound momentum, and the recovery has been even stronger Wednesday. Rivian published an update last week announcing that it had produced 2,553 electric vehicles in its recently completed first quarter and that it was on track to meet its goal of delivering 25,000 vehicles this year. The combination of positive momentum for the market today and recent indications that the business is making encouraging progress are prompting big gains for the stock. 

Now what

Rivian’s business has just recently started ramping up significantly, with the $54 million in sales that it posted in last year’s fourth quarter pushing full-year revenue to $55 million. Investors won’t have to wait long to get a more detailed look at Rivain’s business operations and outlook. The company recently announced that it will be publishing its first-quarter earnings results and hosting a conference call after the market closes on May 11.  

The company now has a market capitalization of roughly $37 billion and is valued at approximately 19 times this year’s expected sales. 

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

The post Why Rivian stock is soaring today appeared first on The Motley Fool Australia.

More reading

• Why Rivian stock dropped over 25% last month
• Rivian stock soared today — is it a buy?

Keith Noonan 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. 

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

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Uranium miners are vying with lithium shares to be the hottest investment trend and there’s one new ASX share that’s going to satisfy both cravings.

A new ASX initial public offering (IPO) candidate is Aurora Energy Metals. The soon-to-be-listed miner looks poised to make a strong debut on our bourse on 16 May, according to The Australian.

Aurora Energy’s $8 million capital raising, as part of the IPO, has already been covered by unnamed buyers, according to the report.

Why new ASX uranium shares are in hot demand

It would be surprising if this new ASX enlistee did not receive strong interest. After all, the Perth-based miner is hunting for both lithium and uranium. It is planning on splitting the cash evenly to explore for both minerals in Oregon in the United States.

ASX investors can’t get enough of either mineral. Uranium has come roaring back into fashion as the West looks to cut its dependency on Russian energy exports. Nuclear power is also seen as one way to cut emissions.

IPO comes as uranium and lithium share prices fire up

You only need to look at the surging Paladin Energy Ltd (ASX: PDN) share price and Deep Yellow Limited (ASX: DYL) share price as a gauge.

The Paladin share price has rallied 122% while the Deep Yellow share price has gained 76% over the past year.

Lithium shares are also on fire thanks to predictions that supply can’t keep up with electric vehicle demand.

The Allkem Ltd (ASX: AKE) share price and Pilbara Minerals Ltd (ASX: PLS) share price have both more than doubled in the past 12 months.

Strong backing for the Aurora Energy IPO

Aurora Energy couldn’t have picked a more opportune time to ride the wave. Many on its board have strong links to the ASX mining sector, too.

The Mitchell River Group, which was involved with Pilbara Minerals, will get a seat on the Aurora Energy board, noted The Australian. The ex-managing director of Deep Yellow, Greg Cochran, will be leading Aurora Energy.

More details on Aurora Energy  

The miner has already indicated a resource of 36.7 million pounds of uranium at its Oregon project. It’s hoping to expand this through exploration.

If that wasn’t enough to fire up the imagination of ASX investors, Aurora Energy also believes there is lithium in and around its uranium deposit.

The post New ASX uranium share to hit boards next month and investors are already pouncing appeared first on The Motley Fool Australia.

More reading

• Allkem share price on watch following record-breaking third quarter
• Paladin Energy share price leaps 10% as uranium prices surge
• Why is the Allkem share price having such a stellar day?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why have ASX uranium shares bolted out of the gate today?

Motley Fool contributor Brendon Lau owns Allkem 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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The New Hope Corporation Limited (ASX: NHC) share price is deep in the red on Thursday as it trades ex-dividend.

At the time of writing, the coal miner’s shares are swapping hands down 7.24% to $3.46.

Below we take a closer look at New Hope’s latest dividend and when shareholders can expect payment.

Shareholders set eyes on New Hope interim dividend

Following the company’s half year results, investors are eyeing New Hope shares as they go ex-dividend today.

Typically, one business day before the record date, the ex-dividend date is when investors must have purchased shares. If the investor does not buy New Hope shares before this date, the dividend will go to the seller.

Historically, when a company reaches its ex-dividend day, its shares tend to fall in proportion to the dividend paid out. This is because investors tend to sell off the company’s shares after securing the dividend.

When can shareholders expect to be paid?

For those eligible for New Hope’s interim dividend, shareholders will receive a payment of 30 cents per share on 4 May. The dividend is fully franked which means investors will receive credits put on their next tax bill.

The latest interim dividend comprises a 17 cents interim dividend as well as a 13-cent special dividend.

New Hope noted that it is experiencing significant cash build as a result of the remarkable recovery in coal prices. With the near-term outlook strong coupled with a generous franking account balance, the company decided to reward shareholders.

New Hope share price summary

Since the beginning of 2022, New Hope shares are almost 70% in the green.

New Hope shares reached a 52-week high of $4.06 this week, before taking a slight breather in the days following.

Based on today’s price, New Hope commands a market capitalisation of roughly $3.10 billion and has a trailing dividend yield of 2.95%.

The post Here’s why the New Hope share price is sliding 7% today appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Thursday
• Keen to bag the next New Hope dividend? Read this
• Hoping to bag the monster New Hope dividend? Read this
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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 Bruce Jackson.

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