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The S&P/ASX 200 Index (ASX: XJO) has had a bumpy start to the week’s share trading. At the time of writing, the ASX 200 is up by 0.47% at 7,031 points after stints in both positive and negative territory so far today. 

But let’s dive a little deeper and take a look at the ASX shares that are currently topping the ASX 200’s volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume so far this Monday

Telstra Corporation Ltd (ASX: TLS)

Telstra is our first ASX 200 share experiencing high volumes to look at today. So far, an impressive 14.84 million of this telco’s shares have traded on the markets this Monday. There have been no major announcements out of Telstra so far today. 

However, the company has released a notice that reveals it is continuing to buy back its own shares on the open market. In addition, the Telstra share price is currently up a robust 1.14% at $3.98 at the time of writing. This combination is likely behind the high volumes we are seeing with this company. 

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium company Pilbara Minerals is next up. So far today, a notable 20.38 million Pilbara shares have crossed the proverbial Nullabor. Again, there hasn’t been much news out of the company to speak of at this point. However, we have seen some choppiness with the Pilbara share price that might be relevant to this volume. 

Pilbara shares are currently down by close to 1.5% at $2.70. However, the company opened strongly in the green today and rose as high as $2.82 a share before falling to the current level. It’s this volatility that could be behind all of that volume. 

Paladin Energy Ltd (ASX: PDN)

Paladin Energy is our third and final share to examine today. So far this Monday, an eye-catching 30.03 million Paladin shares have been traded on the markets. Nothing of note has come out of this uranium miner today. However, the company did report its half-year results on Friday last week, which could be still sparking some market aftershocks. 

The company has also had a wild day today to boot. It’s currently up 1.3% at 78 cents a share after bouncing between 77 and 81 cents per share over the trading day so far. Again, volatility seems to be the cause of so many shares flying around the boards this Monday, perhaps in addition to the earnings from last week. 

The post These 3 ASX 200 shares are topping the volume charts on Monday appeared first on The Motley Fool Australia.

More reading

• 5 ASX 200 shares trading ex-dividend today
• InvoCare (ASX:IVC) share price jumps as earnings surge 22%
• Which ASX 200 shares have delivered the biggest dividend payout increases this earnings season?
• ASX 200 (ASX:XJO) midday update: Zip to buy Sezzle for $491m, GrainCorp storms higher
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor Sebastian Bowen owns Telstra Corporation 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 owns 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 Bruce Jackson.

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ASX mining shares are off to a stellar start in 2022 amid a two-year-long commodities rally that is seeing listed miners realise record levels of revenue and free cash flow.

The S&P/ASX 300 Metals & Mining Index (XMM) has climbed over 4% into the green this year to date, having spiked 3% in the last month alone.

Thus, amid this rally – plus with earnings season in full swing – it’s not surprising to see 3 names within the ASX mining basket lunge past their 52-week highs during Monday’s session. Let’s take a look.

South32 Ltd (ASX: S32)

Shares in South32 are cruising 4% higher today to set new single-year highs in this afternoon’s session. At the time of writing, the diversified mining company’s share price is fetching $4.79 apiece.

In fact, the $21.5 billion company by market cap saw its equity value surge to record highs following a string of positive catalysts in 2022, not in the least related to its half-year earnings.

In its report, the company recognised statutory after-tax profit of US$979 million and underlying earnings of more than US$1 billion.

The rotation out of speculative high-growth names back into value-type propositions has also helped ASX mining shares in 2022, and South32 is no exception.

Plus, with the commodities rally driving cash straight down to the bottom line for these names, South32 recorded an astounding US$942 million in free cash flow for H1 FY22 – a gain of US$806 million on the year.

This enabled the board to declare a 621% jump in the company’s interim dividend to US8.7 cents a share, a gain that safely beats the level of inflation.

It’s no wonder investors are piling into South32 lately in order to secure a spot in the future of this company, seeing as investors aren’t paying the exorbitant premiums for growth into the future anymore.

Grange Resources Ltd (ASX: GRR)

Shares in Grange Resources are setting new single-year highs today after the company released its financial full-year results late on Friday afternoon.

Investors have responded well to the company’s earnings and have sent shares over 37% higher to set a new 52-week high of $1.025 on Monday.

In its results, the company recognised revenue from operations of $782 million compared to $526 million last year. This came through to net profit after tax (NPAT) of $322 million, a year on year gain of 59%.

Grange’s earnings were helped this year by the fact it remained quite immune to the effects of COVID-19 lockdowns in 2021, suffering no material impacts to operations.

It also adopted an Environmental, Social, and Governance (ESG) framework to integrate with its governance moving forwards.

Grange reckons it has started the program using “21 core metrics and disclosures as created by the World Economic Forum (WEF)”.

In the last 12 months, the Grange Resources share price has spiked over 118% and is up more than 33% this year to date.

Base Resources Ltd (ASX: BSE)

Shares in Base Resources are also cruising higher today and set new 52-week highs of 35.5 cents during Monday’s session.

Base Resources released its results for the six-month period ended 31 December 2021 before the open today, and investors appear to have absorbed the outcome well.

In its report, Base says it achieved a record first-half revenue result of US$104.6 million “following increased production and an 18% increase in average realised unit sales price” from this time last year.

It also recognised net profit after tax (NPAT) of US$19.2 million, a substantial jump up from a net loss of US$6.4 million in H1 FY21.

The company generated free cash flow of US$8.8 million but say’s this figure “was impacted by the previously announced US$18.8 million catch-up royalty payments to the Government of Kenya during the period”.

Nonetheless, the board still declared a 3 cents per share dividend, meaning that, upon payment of this particular dividend, the company will have returned a total of 13.5 cents per share to shareholders since October 2020 – equal to around $160 million.

Commenting on the results, Tim Carstens, managing director said that “ongoing strong demand for all products is resulting in significant price increases which have contributed to increases in group revenue, EBITDA and NPAT”.

Investors appear to agree with the positive momentum and have piled into the company on a volume more than 280% of its 4-week average.

The post 3 ASX mining shares smashing 52-week highs today appeared first on The Motley Fool Australia.

More reading

• $120m profit jump sends Grange Resources (ASX:GRR) share price 37% higher
• These 3 ASX 200 shares are topping the volume charts this Friday
• Brokers name 2 ASX 200 mining shares to buy
• South32 (ASX:S32) share price up following completion of ‘major milestone’ copper acquisition
• These 3 ASX 200 shares are topping the volume charts on Tuesday

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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a positive note. At the time of writing, the benchmark index is up 0.6% to 7,037.4 points.

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

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up over 2.5% to 77.5 cents. This morning the lithium developer announced the purchase of six granted mineral leases that include over 30 historic pegmatite mines. Management notes that the acquisition adds significant value to the Finniss Project, enabling the acceleration of resource and mine-life expansion objectives.

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is up 2% to $14.10. This follows the release of the IT distributor’s full year results. For the 12 months ended 31 December, Dicker Data reported a 24.2% increase in revenue to $2,484.5 million and a 28.6% jump in net profit after tax to $73.6 million. This was driven by the digital transformation, which is being accelerated by the adoption of technology as businesses experienced a changing work environment with global and national lockdowns.

GrainCorp Ltd (ASX: GNC)

The GrainCorp share price is up 6.5% to $8.52. Investors have been buying the grain exporter’s shares despite there being no news out of it. However, it appears as though investors may believe GrainCorp will benefit from sanctions being placed on Russia. After all, Russia is one of the world’s largest grain exporters.

InvoCare Limited (ASX: IVC)

The InvoCare share price is up 4.5% to $12.92. This follows the release of the funerals company’s full year results. For the 12 months ended 31 December, InvoCare reported an 11% increase in revenue to $532.5 million and a 51% jump in operating earnings per share to 31.6 cents. This was driven by a recovery in key value drivers and a robust improvement in the mark-to-market valuation of Prepaid Funds Under Management.

The post Why Core Lithium, Dicker Data, GrainCorp, and InvoCare shares are rising appeared first on The Motley Fool Australia.

More reading

• InvoCare (ASX:IVC) share price jumps as earnings surge 22%
• ‘Significant growth trajectory’: Dicker Data (ASX:DDR) share price rises following strong full year results
• ASX 200 (ASX:XJO) midday update: Zip to buy Sezzle for $491m, GrainCorp storms higher
• ‘Adding significant revenue’: Dicker Data (ASX:DDR) share price edges higher on takeover announcement
• Why is the Dicker Data (ASX:DDR) share price frozen today?

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

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The ex-dividend date is an important point in time for an ASX 200 share, as the market reassesses the share price.

Buyers of a share on its ex-dividend date will not receive the company’s next dividend payment. Because of this, investors usually prescribe a lower share price to the ASX share to reflect the absence of the dividend. Depending on the size of the payout, there can be drastic changes in what the market is willing to pay for shares.

Keeping that in mind, here are five S&P/ASX 200 Index (ASX: XJO) shares that have closed the curtains on their dividend payment today.

ASX 200 shares calling time for their next divvy

Fortescue Metals Group Limited (ASX: FMG)

Iron ore mining giant Fortescue Metals is getting plenty of unwanted attention on Monday as it goes ex-dividend. The mining company is set to pay a fully franked interim dividend of 86 cents per share on 30 March. The Fortescue share price has reacted to trading ex-dividend with a 5% fall this morning, before recovering somewhat. At the latest Fortescue share price of $18.14, the company is offering a dividend yield of 16.4%.

Worley Ltd (ASX: WOR)

Landing next on our list of ASX 200 shares going ex-dividend today is engineering services company Worley. Keeping pace with its recent trend dividend payments of 25 cents per share, Worley will be paying another 25 cents payment on 30 March. At the latest Worley share price of $11.86, the company is trading on a dividend yield of 4.2%.

Steadfast Group Ltd (ASX: SDF)

Steadfast is an ASX 200 share that won over investors last week after announcing record results in the FY22 first half. Exciting passive income seekers, the broker network operator increased its interim dividend to a record 5.2 cents per share. For reference, this represents an ~18% rise from the previous payment. At the latest Steadfast share price of $4.62, the has a dividend yield of 2.6%.

Aurizon Holdings Ltd (ASX: AZJ)

The share price of Australia’s largest rail freight operator is running off the tracks on Monday as this ASX 200 share goes ex-dividend. Investors who snagged Aurizon shares prior to today can expect to receive 10.5 cents per share on 30 March. This is down 27% from the company’s previous interim dividend of 14.4 cents. At the latest Aurizon share price of $3.51, the company is offering a hefty dividend yield of 7.1%.

Evolution Mining Ltd (ASX: EVN)

Finally, Evolution Mining is the one ASX 200 shares on this list that has avoided the red on its ex-dividend date. Shares in the gold mining company are currently up 1.4% from their previous close. Shareholders can expect a dividend on 25 March of 3 cents per share. At the latest Evolution Mining share price of $4.25, the miner is reflecting a dividend yield of 2.9%.

The post 5 ASX 200 shares trading ex-dividend today appeared first on The Motley Fool Australia.

More reading

• InvoCare (ASX:IVC) share price jumps as earnings surge 22%
• Which ASX 200 shares have delivered the biggest dividend payout increases this earnings season?
• Why is the Fortescue (ASX:FMG) share price falling 5% today?
• ASX 200 (ASX:XJO) midday update: Zip to buy Sezzle for $491m, GrainCorp storms higher
• 5 things to watch on the ASX 200 on Monday

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. owns and has recommended Steadfast Group Ltd. The Motley Fool Australia has recommended Aurizon Holdings Limited and Steadfast Group Ltd. 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 Electro Optic Systems Hldgs Ltd (ASX: EOS) share price is plunging today amid the company’s 2021 full-year earnings results.

The defence, space, and communication technology company’s shares are currently trading at $1.83 apiece, down 12%. They fell as low as $1.77 earlier in the session. For perspective, the S&P/ASX 200 Index (ASX: XJO) is up 0.51% at the time of writing.

Let’s take a look at what the company reported today.

Electro Optic share price dives as profits slip

Highlights of the company’s FY21 results include:

• Net loss after tax of $16.8 million, 33.2% improvement on the loss in FY20
• Underlying EBIT declined 12.2% to $14.3 million
• 11.8% boost in revenue, including other income, to $212.8 million
• 17.5% increase in revenue from ordinary activities to $211.8 million
• Net cash outflow of $6.9 million
• No dividend was declared

What else happened in the half?

Electro Optic said the FY21 loss was due to deferral of revenue and EBIT into 2022. However, the company’s cash conversion improved in 2021.

COVID-19 had a significant impact on the business, the company said. This included supply chain costs, product delivery delays, contract negotiation and execution deferrals, less production, and restricted access to customers. This impacted operating performance and the awarding of new work locally and internationally.

The underlying EBIT loss of $14.3 million included investment of $27 million on critical product development.

The company’s space revenue fell 28% due to the end of contracts. There were also delays in the awarding of new contracts. Lower earnings from contracts ending and more investment in research and development impacted the Space segment’s EBIT.

Defence Systems revenue, including other income, surged 17.6%, while underlying EBIT strongly rebounded as profit delayed in 2021 was realised.

Electro Optic’s Communications business achieved a 20.4% boost in revenue and solid profit. However, underlying EBIT in this business fell significantly due to higher SpaceLink operating expenses.

The company invested $37 million in Spacelink in FY21 to spearhead engineering and business development.

Consolidated revenue fell just below the market guidance of $215 to $220 million.

What’s next for Electro?

Elecro Optic said it is well-positioned to support “allies” currently under intense national security pressure. It also said there remains a risk that new COVID-19 variants could impact suppliers, customers, employees, and operations. However, since the start of COVID-19, the company and its suppliers have improved resilience.

Electro Optic commented on “rising geopolitical tensions in Eastern Europe, COVID-19 and the federal election creating uncertainty for future outlook in 2022. However, management expects revenue to grow in 2022.

In its preliminary final report to the ASX, Electro Optic said:

The Company enters 2022 with substantial positive momentum from 2021, as well as headwinds [which] emerged in 2021.

Revenue deferred from Q4 2021 is on track to be received in 2022, and provided Q4 2022 deliveries are maintained on schedule, could add momentum to 2022

Electro Optic share price summary

The Electro Optic share price has plunged almost 60% in the past 12 months, while it is down 22% year to date.

Electro Optic shares have shed nearly 13% of their value in the past week.

For perspective, the benchmark ASX 200 index has returned around 5% over the past year.

The company has a market capitalisation of about $277 million.

The post Electro Optic (ASX:EOS) share price plunges 13% on net loss appeared first on The Motley Fool Australia.

More reading

• Electro Optic (ASX:EOS) share price rockets 18% on ‘breakthrough’ satellite news

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Electro Optic Systems Holdings Limited. The Motley Fool Australia owns and has recommended Electro Optic Systems Holdings 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 A2 Milk Company Ltd (ASX: A2M) share price is pushing higher on Monday.

In afternoon trade, the infant formula company’s shares are up almost 2% to $5.50.

Can the A2 Milk share price keep rising?

As far as one broker is concerned, the A2 Milk share price could have a lot further to run from where it trades today.

According to a recent note out of Bell Potter, its analysts have responded to the company’s half year results by retaining their buy rating and lofty $7.70 price target on its shares.

Based on the current A2 Milk share price, this implies potential upside of 40% for investors over the next 12 months.

What did the broker say?

Bell Potter has run the rule over the company’s half year results and was pleased with what it saw. All in all, this appears to support its view that A2 Milk’s adjusted net profit can double in FY 2024 from FY 2021’s levels.

The broker continues to forecast an adjusted net profit after tax of NZ$167.8 million in FY 2024. This will be up from NZ$80.7 million in FY 2021.

Commenting on the result, Bell Potter said: “Our Buy rating remains unchanged. We saw plenty to like in this result: (1) growth in stage 1 market share in the MBS [mother and baby store] channel from 2.1% to 2.5% (indicative of new customer recruitment); (2) a beat in China direct channels sales in 1H22 and a closer alignment of sell-in and sell-out levels in 2Q22; (3) reinvestment of outperformance into marketing, to support FY23-24e revenue growth; and (4) progress on articulating a margin capture strategy at MVM [Mataura Valley Milk].”

All in all, the broker appears to believe now could be the time to make a patient investment in this former market darling.

The post Why the A2 Milk share price can climb 40%: broker appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to buy next week
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• ‘The sleeper has awakened’: Top broker gives its verdict on the A2 Milk (ASX:A2M) share price
• ASX 200 shares stage comeback amid Russia optimism
• Here are the top 10 ASX shares today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. 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 InvoCare Limited (ASX: IVC) share price is jumping today after the funeral company reported its full-year results for the 2021 financial year (FY21). At the time of writing, InvoCare shares are up a pleasing 5.25% at $13.02 a share.

InvoCare share price jumps on solid full-year earnings

• Operating revenue of $527.1 million, up 11% from FY20
• Earnings before interest, tax, depreciation and amortisation (EBITDA) of $125.5 million, up 22% from the previous year
• Operating earnings before interest and tax (EBIT) of $77.8 million, up 26% on previous year
• Earnings per share (EPS) of 31.6 cents, a rise of 51%
• Funeral case volumes of 45,781, a 2.2% rise
• Reported profit after tax of $80.16 million, coming after the loss of $11.54 million from FY20
• Final dividend of 11.5 cents per share, fully franked, an increase of 64% over FY20’s final payment of 7 cents per share. That brings the total dividends for FY21 to 21 cents per share.

InvoCare also reported a pet cremation case volume of 87,440, a 501% increase on FY20’s numbers. The company’s funeral case average came in at $8,156, a 3.8% increase from FY20.

What else happened over the year?

Over FY21, InvoCare reported $650 million in funds under management from pre-paid funerals, a rise of 6.03% over FY20. The company’s return on capital employed (ROCE) metric rose to 11.2%, an increase of 2.4% from the previous year. Last year, InvoCare announced that its reported profits after tax had surged into the black during the company’s half-year earnings. That was after the previous net loss of $18 million for the previous half. That helped the InvoCare share price jump meaningfully at the time.

What did management say?

Here’s some of what InvoCare CEO Olivier Chretien had to say on the results:

The Group has successfully navigated another COVID-disrupted year. Despite these challenges, we have seen increased customer satisfaction and material improvement in safety outcomes, we have delivered growth, returned the business to positive operating leverage, maintained our strong balance sheet and cash conversion and embarked on a bold change agenda…

Controlling cost growth has been a particular feature across the year and is reflected in some of the improved profit metrics, including 22% growth in Operating EBITDA to $125.5 million and a return to positive operating leverage (of 2.1x)…

As we move into the growth phase of our strategy, I am confident that we do so on more solid foundations. Whilst the COVID environment can change quickly and deliver shocks to consumer confidence, evident in the past two months, our first half 2021 result demonstrated the potential of the business under ‘normal’ conditions. 

What’s next?

The company did issue a warning for an uncertain 2022. InvoCare stated that the impacts of the COVID-19 pandemic remain “difficult to predict and presents an ongoing risk in 2022” for the company’s workforce, supply chains and operations. However, the company “remains confident” for both the near- and long-term potential of the business. Management cited population and ageing trends, as well as rising rates of pet ownership, for this optimism.

InvoCare share price snapshot

Today’s InvoCare share price rise helps push the company’s 12-month share price performance to 14.8%. That includes a return of 10.43% across 2022 to date. However, InvoCare shares remain down by 7.6% over the past five years, a significant underperformance of the 22.5% return the S&P/ASX 200 Index (ASX: XJO) has enjoyed over the same period.

At the current InvoCare share price, this company has a market capitalisation of $1.88 billion, with a dividend yield of 1.27%.

The post InvoCare (ASX:IVC) share price jumps as earnings surge 22% appeared first on The Motley Fool Australia.

More reading

• Which ASX 200 shares have delivered the biggest dividend payout increases this earnings season?
• ASX 200 (ASX:XJO) midday update: Zip to buy Sezzle for $491m, GrainCorp storms higher
• 5 things to watch on the ASX 200 on Monday
• These were the best performing ASX 200 shares last week
• These were the worst performing ASX 200 shares last week

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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A handful of ASX dividend shares are expected to pay very large dividend yields over the next year or two.

With interest rates so low, most dividend-paying companies have higher yields than what someone can get from the bank. However, some have yields that are getting close to 10% (or even higher).

A big yield doesn’t automatically mean that it’s a good one for income, particularly if a dividend cut is just around the corner and that past yield is just an illusion.

But analysts believe that these two ASX dividend shares could pay very large yields:

Rio Tinto Limited (ASX: RIO)

Rio Tinto is one of the ASX’s biggest resource companies. It generates most of its earnings from iron ore, though other commodities do make a contribution including bauxite, aluminium and copper.

It’s currently rated as a buy with a price target of $130. That’s around 10% higher than where it is right now.

After a huge year of profit and cash flow in FY21, Credit Suisse is expecting another year of good dividends for investors again. The broker is expecting in FY22 that the grossed-up dividend yield is going to be 11.3%.

Credit Suisse thinks that Rio Tinto can continue to benefit from the higher resource prices that the world is generally seeing.

In FY22, the ASX dividend share is expecting to spend around $8 billion on capital expenditure in 2022, which “considers potential increases of around 15% for the Pilbara replacement projects.”

Operating costs are expected to rise in 2022. Its Pilbara iron ore operations are expected to see the cost per wet metric tonne to rise from US$18.6 in 2021 to a range of US$19.5 to US$21 per wet metric tonne in 2022. This reflects higher input prices and labour costs, an increased mining work index and higher mine processing plant maintenance, offset by the ramp-up of Gudai-Darri and efficiency improvements.

GQG Partners Inc (ASX: GQG)

GQG is a large fund manager that offers investors a number of different investment strategies including US shares, global shares, ex-US international shares and emerging markets.

It’s currently rated as a buy by the broker Morgans with a price target of $2.27. That’s more than 50% higher than where it is today.

Morgans’ dividend expectations suggest a dividend yield of 6.75% for FY23 and 6.1% in FY22.

Whilst it’s pretty new to the ASX, it has been operating for several years. The FY21 result (which was the 12 months to 31 December 2021) showed growth. Average funds under management (FUM) rose 77% to $80.5 billion. Closing FUM at the ASX dividend share surged 36% to $91.2 billion. Net income after tax went up 81.6% to $304.9 million.

GQG says that it offers what it believes to be very attractive fees compared to competitors.

The fund manager continues to see strong business momentum in a variety of geographies and across channels. While its core strategies continue to represent the bulk of its FUM, it has launched some quality dividend income strategies as well. This gives clients the ability to utilise new services. It’s working on new opportunities for growth over the long term.

The GQG share price is valued at 16x FY22’s estimated earnings.

The post 2 high-yield ASX dividend shares for March 2022 appeared first on The Motley Fool Australia.

More reading

• Which ASX 200 shares have delivered the biggest dividend payout increases this earnings season?
• GQG (ASX:GQG) share price up 5% amid strong FY21 profit growth
• Top broker says it’s time to buy Rio Tinto (ASX:RIO) shares
• ASX 200 (ASX:XJO) midday update: Appen and Life360 crushed, Flight Centre posts $188m loss
• Rio Tinto (ASX:RIO) share price in focus today following record-breaking results

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

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The Ethereum (CRYPTO: ETH) price is down 2.5% over the past 24 hours, roughly equal to its 7-day loss.

One Ether is currently trading for US$2,643 (AU$3,784).

The Bitcoin (CRYPTO: BTC) price is holding up a bit stronger than the Ethereum price. The world’s top crypto by market cap is down 1.3% over 24 hours, though it’s down 3.0% over the full week.

Both Bitcoin and Ethereum are in focus as the Russian invasion of Ukraine has begin to embroil the crypto world.

Ukraine’s call to crypto arms

Ukrainian officials have been asking crypto exchanges to freeze the accounts of Russian politicians and oligarchs linked to Vladimir Putin.

Yesterday, Ukraine’s Vice Prime Minister Mykhailo Fedorov upped the ante, with this Twitter post:

I’m asking all major crypto exchanges to block addresses of Russian users. It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.

As Bloomberg reports, a Binance spokesperson said that to “unilaterally freeze millions of innocent users’ accounts … [would] fly in the face of the reason why crypto exists”.

The global crypto exchange added:

However, we are taking the steps necessary to ensure we take action against those that have had sanctions levied against them while minimising impact to innocent users. Should the international community widen those sanctions further, we will apply those aggressively as well.

If the Ethereum price rises, so will the value of donations to Ukraine

Atop its efforts to cut Russia out of cryptos, Ukraine has itself been asking investors to help fund its defence against the invaders.

According to Bloomberg, “Ukrainian officials are directly soliciting crypto donations, adding to crowdfunding efforts that have raised more than $5 million in Bitcoin, Ether and other tokens since Friday.”

Celsius CEO Alex Mashinsky reported that he’d sent another Ether donation, his second, to Ukraine over the weekend. Ukraine’s crypto wallet “held at least 126 of the tokens” on Saturday.

At the current Ethereum price, that works out to US$330,000.

Commenting on the Ukraine efforts, Binance’s CEO Changpeng Zhao said, “This is where blockchain shines, global fundraising.”

If the Ethereum price manages to regain its 16 November all-time highs of US$4,892, the value of Ether donations held in Ukraine’s crypto wallet over the weekend would climb to US$616,000.

The post How might the Ukraine crisis impact the Ethereum price? appeared first on The Motley Fool Australia.

More reading

• Why these 2 cryptos are booming in 2022 as the Bitcoin price wallows
• Did Putin just hammer the Bitcoin price?
• Sanctions are a good thing? Why Bitcoin, Ethereum, and Dogecoin are recovering nicely today
• Down 14% in a week, where to next for the Bitcoin price?
• Have Bitcoin price falls cemented gold as the best safe-haven asset?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Bitcoin and Ethereum. The Motley Fool Australia owns and has recommended Bitcoin and Ethereum. 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 Beach Energy Ltd (ASX: BPT) share price is edging forward today and is now trading 0.5% higher at $1.51.

The company’s share price has impressed so far in 2022, climbing 20% and outpacing the benchmark S&P/ASX 200 Index (ASX: XJO) in that time.

But can the energy player climb higher after its spike earlier this year? One broker thinks so. Let’s take a look.

Diversified exposure to a suite of assets, this broker says

Analysts at JP Morgan are constructive on Beach Energy shares, noting the company provides numerous value streams in its offering.

“We think Beach provides good exposure to a diversified suite of assets in Australia,” the broker said. “Net debt is close to zero and therefore Beach has the strongest balance sheet of the large caps under our coverage.”

JP Morgan analysts also reckon that Beach Energy remains on track with its growth aspirations, especially now that issues at its Western Flank segment are largely resolved. This should lead to a material increase in production in the broker’s estimation.

“We forecast production of 22mmboe in FY2022 (at the midpoint of guidance) and 23mmboe in FY23 before stepping up to 29mmboe in FY24,” JP Morgan remarked.

It also forecasts $1.6 billion in revenue for the company this year, jumping to $1.66 billion in FY23 and $1.97 billion the year after.

However, analysts still view some risk surrounding Western Flank with its recent well interruptions – something investors should consider.

The broker also notes the Beach Energy share price performance has been largely underpinned by company-specific drivers, instead of sector strengths or market bullishness alone.

This could bode in well for its earnings profile and forward valuations, the broker says – something its analysts are constructive on, even with the embedded risks.

“Nonetheless, at the current valuation, we remain overweight,” the broker concluded.

Beach Energy share price snapshot

Over the last 12 months, the Beach Energy share price has fallen almost 8%. Yet, it has climbed more than 20% this year to date.

In the past month of trading, the company’s shares have gained another 7%, pushing Beach Energy well ahead of the major indices in 2022.

The post Up 20% this year, why the Beach Energy (ASX:BPT) share price can climb higher: broker appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Tuesday
• Top brokers name 3 ASX shares to sell next week
• ASX 200 energy shares to become ‘cash machines’: broker
• 5 things to watch on the ASX 200 on Wednesday

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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