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After underperforming growth shares for the better part of 10 years, value shares are shining bright in the new year.

Since the opening bell on 4 January, the S&P/ASX 200 Growth Index is down 7%. Meanwhile, the S&P/ASX 200 Value Index has gone the other way, up 6%.

All together the S&P/ASX 200 Index (ASX: XJO) is down 5% in 2022.

Why are value shares outperforming growth shares?

Much of the shift in investor sentiment has come following the realisation that inflation is running higher than most economists had forecast last year. That’s leading to inevitable interest rate rises, which hits growth shares harder, as they’re more dependent on future earnings.

The prospect of rising interest rates helped propel the steep losses among tech shares last month. And in turn, it’s seen ASX value shares benefit.

In The Australian Financial Review, Perennial Value portfolio manager Stephen Bruce said:

Now that better growth and higher inflation seem to have become entrenched, the rate tightening cycle has finally started. This has meant the de-rating of the expensive parts of the market. How far this continues will be a function of growth, inflation and rates.

Is the ASX value shares party just getting started?

While ASX value shares have well-outpaced growth shares in 2022, what can investors expect going forward?

Dougal Maple-Brown, head of Australian equities at Maple-Brown Abbott, believes there’s a long way to go yet:

We’ve had a pretty good run. Value has underperformed for almost a decade, but the one-year numbers are now looking really good. We think there’s still something left in the tank because while the extremes have been hit, there are some stocks out there with a lot of excess still. The valuation dispersion is still very wide even though it’s come back a fair bit, so we think there’s a long way to go.

Bruce also believes the brighter run for ASX value shares is a long way from over:

Given how historically low rates are and how extreme valuation dispersion in market has become, there could potentially be a long way for this to run yet.

Flows are definitely starting to improve, but there hasn’t been any massive shift back towards value yet. I think investors, both retail and institutional, have all become very underweight value over the last number of years. So potentially, there could be a significant reallocation if this rotation continues.

By the numbers

To give you some idea of how leading ASX growth shares have stacked up against value shares, Pointsbet Holdings Ltd (ASX: PBH) – a growth share favourite that gained 1,137% from 20 March 2020 through to 19 February 2022 – is down 28% in the new year.

Fellow growth share, Appen Ltd (ASX: APX) has struggled as well, down 22% so far in 2022.

Then there’s leading ASX value share, QBE Insurance Group Ltd (ASX: QBE), which has seen its shares gain 7% year-to-date.

The post Is the ASX value shares party just getting started? appeared first on The Motley Fool Australia.

More reading

• Why Appen, Nanosonics, Nearmap, and Temple & Webster are sinking
• Why Appen, ANZ, Magellan, and REA shares are falling
• Is there more pain ahead for the Appen (ASX:APX) share price?
• These were the best performing ASX 200 shares last week
• Brokers name 3 ASX shares to buy today

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Appen Ltd and Pointsbet Holdings Ltd. The Motley Fool Australia owns and has recommended Appen 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 Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) has doubled down on yesterday’s gains so far this Wednesday. At the time of writing, the ASX 200 has risen a pleasing 0.8% and is currently sitting at 7,244 points.

But let’s dig a little deeper and have a look at the ASX 200 shares that are currently sitting at the top of the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume so far on Wednesday

Telstra Corporation Ltd (ASX: TLS)

Telstra is our fisrt share up today. So far, a hefty 15.1 million shares of this ASX 200 telco have found a new home. That’s despite the Telstra share price doing a whole lot of not much so far this Wednesday.

Telstra is currently flat at $4.06 a share after going as high as $4.10 a share and as low as $4.03 earlier this morning. There have been no other pieces of news out of Telstra, so we have to assume it is this volatility, as well as Telstra’s relatively low share price compared to its market capitalisation, that is behind this volume.

AMP Ltd (ASX: AMP)

ASX 200 financial services company AMP is our next share to check out today. This wealth manager has seen an impressive 19 million of its shares bought and sold on the markets thus far this Wednesday.

There’s been no major news or announcements out of AMP thus far. As such, we can probably put this high volume down to the movements of the AMP share price itself. The company is currently up a pleasing 3.89% to around $1 a share at the time of writing. It’s this decisive move that is almost certainly behind this elevated volume we see.

Sydney Airport (ASX: SYD)

For the last time, Sydney Airport is our most traded ASX 200 share of the day, with a whopping 40.35 million shares having traded owners on the markets. I say for the last time because today is the final day that Sydney Airport will call the ASX home.

The company is scheduled to delist from the ASX boards this afternoon after the successful takeover bid from the Sydney Aviation Alliance was accepted by both regulators and shareholders over the past month or two. So today’s volume is probably a consequence of this, er, imminent departure.

The post Here are the 3 most heavily traded ASX 200 shares this Wednesday appeared first on The Motley Fool Australia.

More reading

• Own AMP (ASX:AMP) shares? This could be the next blow for the company’s demerger plans
• Last hurrah: Investors clamour over Sydney Airport (ASX:SYD) shares on final day of trade
• ASX 200 (ASX:XJO) midday update: CBA impresses, Mineral Resources delivers a shocker
• 3 ASX tech shares to pounce on NOW while they’re cheap
• The ASX 200 just hit 3-week highs. What’s next?

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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Watchers of the AMP Ltd (ASX: AMP) share price will likely be gearing up for the release of the company’s full year results tomorrow.

However, on the eve of their release, reports have emerged claiming investors in its $7 billion office fund – the crowning jewel of soon-to-be-demerged AMP Capital – are considering withdrawing from the fund.

At the time of writing, the AMP share price is $1, 3.83% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently up 0.3%. Meanwhile, the All Ordinaries Index (ASX: XAO) has gained 0.2%.

Let’s take a closer look at the drama that could be unfolding within AMP’s newly re-secured AMP Capital Wholesale Office Fund (AWOF).

Is the ‘crown jewel’ of AMP’s demerger still in danger?

According to the Australian Financial Review (AFR), a letter written by AWOF investors cites concerns that the fund’s managers could have conflicted interests.

A recent review resulted in the fund’s trustee board finding that AMP is the best entity to manage AWOF.

However, it seems the finding hasn’t eased the concerns of institutional investors – the same investors reportedly responsible for the review.   

The AFR has previously reported that the fund’s trustee board is comprised of 3 AMP executives. They were advised by an independent advisory committee during the review process.

But according to today’s reporting, the fund’s investors are irked by the trustee board’s makeup and concerned it will be incentivised by AMP’s successful demerger.

The AMP share price gained 2.9% when it released its latest update on its demerger plans.

If all goes to plan, they will see AMP Limited split from AMP Capital’s Private Markets business, referred to as ‘Private Markets Co’.

The demerger is expected to go ahead during the current half.

The AFR quoted AWOF’s investors’ letter:

There is a concern that the trustee has prioritised the interest of its shareholders ahead of the interest of AWOF’s investors.

We are concerned this leads to a very clear conflict with their ability to independently assess whether an AMP entity, or another manager, should retain the management mandate for AWOF and make a recommendation to investors.

The retention of the management rights of AWOF has clear and direct benefit to Private Markets Co and therefore the directors personally via their participation in the incentive arrangements.

AWOF’s investors’ concerns follow AMP Capital’s loss of the $5 billion AMP Capital Diversified Property Fund last year.

AMP share price snapshot

2022 has seen the AMP share price outperforming the market.

It has gained 0.2% year to date while the ASX 200 has slipped 4.5%.

However, AMP’s stock is still trading for 34.5% less than it was this time last year.

The post Own AMP (ASX:AMP) shares? This could be the next blow for the company’s demerger plans appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to sell next week
• Own AMP (ASX:AMP) shares? Here’s what to look for in next week’s earnings update
• Own AMP (ASX:AMP) shares? The company is rumoured to be on the hunt for assets
• Why Westpac (ASX:WBC) and these other ASX shares are trading at 52-week lows
• Is value finally emerging in the AMP (ASX:AMP) share price?

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

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Given the improving outlook for the travel sector, investors may be wanting to gain exposure to this side of the market.

And while there are a number of options to choose from, two of the most popular ASX travel shares are Flight Centre Travel Group Ltd (ASX: FLT) and Webjet Limited (ASX: WEB). But which one should you buy?

Should you buy Flight Centre of Webjet shares?

According to a note out of Goldman Sachs this morning, its analysts believe investors should skip Flight Centre and buy Webjet shares for travel sector exposure.

The note reveals that the broker has retained its buy rating and $6.90 price target on Webjet’s shares. Based on the current Webjet share price of $6.06, this implies potential upside of 14% for investors over the next 12 months.

Whereas Goldman has put a neutral rating and $20.40 price target on Flight Centre’s shares, which is broadly in line with where its shares are trading at present.

What did the broker say?

Goldman notes that the Omicron outbreak appears to be past its peak in most key markets. This has led to travel activity continuing to progress positively. In light of this, it is sticking with its original view that Omicron will only be a temporary speed bump in the sector’s recovery.

Goldman said: “CY22 began slowly due to Omicron, but we note strong progress in flight search data into early February. TSA passenger traffic numbers have largely stabilized as a percentage of the same metrics as in 2019. We reiterate our expectations that Omicron causes a temporary drop in travel interest but returns quickly.”

In respect to Webjet, Goldman Sachs believes it will be a stronger player post-pandemic.

The broker said: “We are Buy rated on WEB, which we expect to come out stronger on the other side of the pandemic with growth potential both in the B2B and B2C spaces. WEB also maintains a strong balance sheet with c. 24 months of runway (from September 2021) at zero activity levels.”

And while the broker has a positive view of Flight Centre post-pandemic and expects a 100% increase in revenue for the first half, it feels its shares are fully valued at the current level and thus holds firm with its neutral rating.

Time will tell if the broker makes the right call.

The post Broker says buy Webjet (ASX:WEB) instead of Flight Centre (FLT) shares appeared first on The Motley Fool Australia.

More reading

• The ASX 200 just hit 3-week highs. What’s next?
• On a roll. Why is ASX 200 travel share Webjet (ASX:WEB) skyrocketing?
• Here are the top 10 ASX shares today
• ‘On the way back’: Flight Centre (ASX:FLT) share price takes off on border reopening
• Why Flight Centre, Macquarie, Super Retail, and Suncorp shares are racing higher

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 Flight Centre Travel Group Limited and Webjet 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 Sparc Technologies Ltd (ASX: SPN) share price is jumping today amid an update on the company’s green hydrogen project.

The South Australian company’s shares are currently swapping hands at $1.22, a 6.55% gain, after trading at a high of $1.30 earlier in the session.

Let’s delve into what the company revealed today.

Joint venture

Sparc provided an update on its joint venture with Fortescue Metals Group Limited‘s (ASX: FMG) hydrogen-focused renewable energy subsidiary Fortescue Future Industries (FFI) and the University of Adelaide.

The project aims to produce commercially viable green hydrogen via a process known as photocatalysis. This involves making hydrogen from water using radiation from the sun.

Sparc reported the transaction is complete and all conditions have been met. Fortescue Future Industries has already made a stage 1 payment to Sparc Hydrogen of $1.8 million. In stage 1 of the project, Sparc will hold 52% of the venture while the university will hold 28% and Fortescue 20%.

As my Foolish colleague Brooke reported last week, both Fortescue and Sparc will eventually own 36% of the venture in stage 2 while the University of Adelaide will hold the remaining 28%.

In today’s announcement, Sparc said work on the project has commenced and key equipment has been ordered. An initial techno-economic assessment of the technology is also underway.

Management comment

Commenting on the announcement, executive chairman Stephen Hunt said:

It is pleasing to now have satisfied all conditions to complete the transaction and to work with Fortescue Future Industries and University of Adelaide to further progress this exciting project.

Furthermore, the inclusion in the joint venture of world leading green energy company, Fortescue Future Industries, adds enormous value to the joint venture, both in terms of project development, technology and commercialisation capabilities.

Share price snapshot

In the last 12 months, the Sparc Technologies share price has soared 321%. For perspective, the S&P/ASX 200 Index (ASX: XJO) has returned nearly 6% over the past year.

However, year to date, the Sparc share price has dropped 26%, losing more than 27% in the past week alone.

Sparc Technologies has a market capitalisation of about $80 million based on its current share price.

The post Sparc Technologies (ASX:SPN) share price rallies 7% on green hydrogen news appeared first on The Motley Fool Australia.

More reading

• Can Australia win the $1.4 trillion global hydrogen race?
• Sparc Technologies (ASX:SPN) share price slides 12% despite Fortescue buy in. What’s happening?
• Fortescue (ASX:FMG) Future Industries to buy stake in Sparc Hydrogen
• Why is the Sparc Technologies (ASX:SPN) share price on ice today?

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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BHP Group Ltd (ASX: BHP) could be getting closer to ‘green steel’.

There is a growing focus to try to decarbonise operations and industries where possible. But some areas are easier to decarbonise than others. Typically, producing steel can be fairly carbon-intensive and pollutive because of the process involved.

According to the International Energy Agency, the iron and steel industry accounts for approximately 6.7% of total world CO2 emissions. Around 1.9 tonnes of CO2 are emitted for each tonne of steel produced.

Green steel could be the answer. What’s green steel? It’s the idea that steel can be made with zero emissions using some sort of green or renewable energy for the process.

Is BHP getting closer to green steel?

BHP is one of the world’s biggest producers of iron ore. BHP’s iron ore division makes billions of dollars, so it is an important segment. What part can BHP do in a decarbonising world?

The ASX’s resources giant is reportedly in discussions with a business called Boston Metal about bringing some new technology to Australia “very shortly” according to reporting by the ABC.

Boston Metal is aiming to deliver commercial quantities of green steel by 2025 without using hydrogen, coal or a blast furnace. The technique is called molten oxide electrolysis which utilises renewable electricity to transform iron ore into liquefied metal which can then be used for the next step like casting or rolling.

The ABC reported that when Boston Metal raised $50 million last year, BHP was one of the entities that was involved, along with Bill Gates’s Breakthrough Energy Ventures.

Is green steel realistic?

It has reportedly already happened. The Swedish company SSAB has shipped some green steel, made using hydrogen, to the carmaker Volvo.

There are several different businesses and organisations trying to get involved with green steel.

The race is on

Boston Metal is obviously one of the contenders. Fortescue Metals Group Limited (ASX: FMG) is one ASX share that’s working on green steel.

BlueScope Steel Limited (ASX: BSL) is another business that is thinking about green steel, as Australia’s biggest steel producer. It is working on a plan to make green steel by using green hydrogen by utilising an electrolyser (powered by renewable energy) to split water into hydrogen and water. However, this uses a lot more electricity.

Rio Tinto Limited (ASX: RIO) and BlueScope are working together to explore low-carbon steelmaking using Pilbara iron ore. Last year, the two businesses signed a memorandum of understanding (MOU) to research and design low-emissions processes for the steel value chain, including iron ore processing, iron and steelmaking and related technologies.

Rio Tinto and BlueScope will prioritise studying the use of green hydrogen at the Port Kembla Steelworks in Australia.

BHP is looking to reduce its carbon emissions across its operations. It has also decided to divest its petroleum operations.

The post How far off is BHP (ASX:BHP) from producing ‘green steel’? appeared first on The Motley Fool Australia.

More reading

• Can Australia win the $1.4 trillion global hydrogen race?
• The ASX 200 just hit 3-week highs. What’s next?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• ‘Cringe-inducing’: Fortescue (ASX:FMG) boss takes aim at ScoMo over clean hydrogen claims
• Own BHP shares? Here’s what this quiet investigation uncovered

Motley Fool contributor Tristan Harrison owns 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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As we’ve discussed here on the Fool before, ASX exchange-traded funds (ETFs) remain hot property on the ASX. In fact, last year was a record-breaking one for ETFs. We saw both record fund inflows and record funds under management (FUM) for ETFs in 2021. So now that 2022 is well underway, let’s check in with the ASX’s hottest ETF, the Vanguard Australian Shares Index ETF (ASX: VAS).

Now VAS isn’t hot because of its blistering performance figures. Its 13.4% rise last year was an arguably solid result. But it wasn’t even close to topping the ASX ETF sector. That honour would go to the BetaShares Geared US Equity Fund (ASX: GGUS) with its 2021 gain of 66.25%.

But VAS was, and remains, the most popular ASX ETF by funds under management. As of 31 December, it has just over $10.1 billion in FUM, well above its closest rival.

So there are a lot of investors who have money tied up in the Vanguard Australian Shares Index ETF. Hence, let’s see how it has performed in 2022 so far.

As many investors would be aware of, 2022 hasn’t been the kindest year for ASX shares. The S&P/ASX 200 Index (ASX: XJO) remains down by 4.96% for the year so far, even after the slight recovery we have seen over the past two weeks or so.

How the Vanguard Australian Shares Index ETF has performed in 2022

So how has VAS done?

Well, VAS’s first recorded unit price of 2022 was $97.13. Today, it’s currently trading at $92.39 at the time of writing. That’s a drop of 4.87%. But, of course, VAS doesn’t track the ASX 200. Instead, it is the only ASX ETF that follows the broader S&P/ASX 300 Index (ASX: XKO). That remains down 5.01% year to date.

So VAS units have slightly outperformed the ASX 300 index, but by the amount that you might expect for an index-tracking ETF.

As we covered last month, VAS has seen a couple of significant changes over the past month or two. For one, BHP Group Ltd (ASX: BHP) has become a far larger presence after the mining company completed its ‘unification’ program and ended its dual-listing on the London Stock Exchange. This saw a massive chunk of BHP shares move from the LSX to the ASX, increasing its presence and weighting in the ASX share market, and thus the index funds like VAS that mirror it.

The other was the departure of Afterpay, which was acquired in full by Block Inc (NYSE: SQ). In Afterpay’s place, a CHESS Depositary Interest (CDI) of Block has now joined the ASX 200 and ASX 300.

No doubt investors will be hoping for a recovery in the VAS unit price over the rest of the year to make up for its lacklustre start to 2022. But we shall have to wait and see.

The Vanguard Australian Shares Index ETF charges a management fee of 0.1% per annum.

The post Hot ETF? Here’s how the VAS (ASX:VAS) share price has performed in 2022 so far… appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: CBA impresses, Mineral Resources delivers a shocker
• 3 ASX tech shares to pounce on NOW while they’re cheap
• The ASX 200 just hit 3-week highs. What’s next?
• Why 2 specific ASX share sectors are taking such a beating in 2022
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Sebastian Bowen owns Block, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Block, Inc. 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 Dicker Data Ltd (ASX: DDR) share price is rocketing on Wednesday afternoon. This comes after the IT distributor announced its biggest ever dividend to investors ahead of its FY21 results later this month.

During early afternoon trade, Dicker Data shares are at an intraday high of $14.71 apiece, up 8.64%. It’s worth noting that the company’s shares have climbed more than 24% since hitting a three-month low on 27 January.

Dicker Data maintains strong dividend payout

Investors are buying up Dicker Data shares to get in on the company’s latest dividend action.

In its release, Dicker Data declared shareholders will receive a fully-franked final dividend payment of 15 cents per share. The company pays dividends every three months as opposed to a biannual basis like most other dividend-paying ASX businesses.

The second and third largest dividends from Dicker Data came in its FY20 result (10.5 cents) and FY19 result (13 cents).

The strong dividend payout means that Dicker Data will have rewarded its investors with a total yearly dividend of 42 cents. This represents an increase of 27.3% when compared to the prior corresponding period.

The record date for the final dividend falls on 15 February, with payment following on 1 March 2022.

Dicker Data advised it will release its audited FY21 results on Monday 28 February, providing details of its yearly performance.

Earlier this month, the company announced it has been appointed the non-exclusive Autodesk distributor for the Australian and New Zealand regions.

Dicker Data and Autodesk exchanged contracts and entered into a three-year agreement, securing the distribution rights.

No revenue detail was given as Dicker Data explained that it’s not possible to quantify the impact at this time. However, it did state that over the course of the agreement, it expects revenue to be significant.

Dicker Data share price snapshot

Over the last 12 months, Dicker Data shares have accelerated by nearly 19%. However, year to date they are 0.88% lower.

On valuation grounds, Dicker Data commands a market capitalisation of roughly $2.5 billion, with a trailing dividend yield of 2.55%.

The post Dicker Data (ASX:DDR) shares fly 8% on dividend announcement appeared first on The Motley Fool Australia.

More reading

• Why CBA, Computershare, Dicker Data, and Temple & Webster shares are on fire today
• Here’s why the Dicker Data (ASX:DDR) share price is having such a great week
• An ASX XI to take on the world
• 2 ASX 200 shares that could be top buys for dividends
• Top ASX dividend shares to buy in 2022

Motley Fool contributor Aaron Teboneras owns Dicker Data Limited. 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 S&P/ASX 200 Index (ASX: XJO) is having another positive day. In afternoon trade, the benchmark index is up 0.4% to 7,214.3 points.

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

Commonwealth Bank of Australia (ASX: CBA)

The Commonwealth Bank share price is up 5.5% to $99.55. This follows the release of the banking giant’s half year results. Australia’s largest bank delivered a 23% increase in cash earnings to $4,746 million, which was well-ahead of expectations. In addition, CBA is returning significant capital to investors. It has declared a $1.75 per share interim dividend and announced a $2 billion on-market share buyback.

Computershare Limited (ASX: CPU)

The Computershare share price has jumped 13% to $22.54. Investors have been buying the stock transfer company’s shares after its first half update impressed the market. Computershare reported a 4.6% increase in management revenue to US$1.2 billion and a 4.5% lift in management earnings per share to 22.76 US cents. In light of this strong half, the company has upgraded its full year earnings per share growth guidance from 2% to 9%.

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is up 8% to $14.66. This follows the release of a dividend announcement from the leading IT distributor. According to the release, Dicker Data will pay a final fully franked dividend of 15 cents per share for FY 2021. This brings its full year dividend to 42 cents per share, which is up 27% year on year.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price has jumped 11% to $8.96. Investors have been buying the online furniture retailer’s shares after it delivered a 46% increase in revenue to $235 million during the first half. And while the company reported a 40% decline in profit to $7.3 million, this was largely expected given its planned increased investment to fuel its growth.

The post Why CBA, Computershare, Dicker Data, and Temple & Webster shares are on fire today appeared first on The Motley Fool Australia.

More reading

• Here’s what you need to know about the CBA (ASX:CBA) $2 billion share buyback
• Rising tide? Here’s why ASX 200 bank shares are having such a good run today
• Everything you need to know about the CBA (ASX:CBA) interim dividend
• ASX 200 (ASX:XJO) midday update: CBA impresses, Mineral Resources delivers a shocker
• Cha-ching! Temple & Webster (ASX:TPW) share price soars 12% on record half revenues

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 and Temple & Webster Group Ltd. The Motley Fool Australia owns and has recommended Dicker Data Limited. The Motley Fool Australia has recommended Temple & Webster 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 All Ordinaries Index (ASX: XAO) has had a mildly successful start to this Wednesday’s trading so far. At the time of writing, the All Ords is currently up by 0.28%, albeit having risen far higher this morning before falling back to Earth somewhat.

But the Cettire Ltd (ASX: CTT) share price hasn’t been so lucky. Cettire shares are currently down by a nasty 4.3% at the time of writing at $2.69 a share.

Today’s fall is just the latest in what has been a pretty awful couple of months for Cettire shares. It was only back in November last year that the company was hitting record highs of $4.80 a share. On today’s pricing, Cettire is now down more than 43% from those highs. Even in 2022 so far, the Cettire share price has lost over 26% year to date.

So what might be behind this latest dive for Cettire shares?

Cettire share price dives amid insider selling rumours

Well, it’s unfortunately not too clear. We haven’t had any official news out of the company since Cettire announced it was partnering up with the Chinese e-commerce giant JD.com Inc (NASDAQ: JD) earlier this week. The partnership will enble Cettire to attempt to crack the lucrative Chinese luxury market. Cettire shares popped around 15% on that news.

But there are rumours swirling around today regarding Cettire’s founder Dean Mintz and the massive chunk of Cettire shares that he owns.

Under Cettire’s IPO prospectus, Mintz quarantined the remaining 66% or so of Cettire shares that he still owns under voluntary escrow. But 25% of that stake came out of escrow when Cettire’s half-year results were released on 3 February. Another 25% will be released from escrow in August. And the remaining 50% next February.

And if a new report is to be believed, Mintz is looking to unload. According to a report in The Australian this week, there was an “understanding around the market” this week that investment bank Jarden was “pitching a small part of his holding to various investors”. If true, this indicates that Mintz hasn’t been wasting too much time since the shares came out of escrow and is looking to unload at least some.

Founders selling out of their own companies are rarely received well by ASX investors, even if it is to simply diversify wealth or reduce the risk of concentration. The reasons why Mintz might be unloading his shares, or even if he is unloading them at all, remain unclear. But this could be what is spooking Cettire investors today.

At the current Cettire share price, this company has a market capitalisation of $1.03 billion.

The post Selling out? Cettire (ASX:CTT) share price slumps amid founder selling rumours appeared first on The Motley Fool Australia.

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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. owns and has recommended Cettire Limited. The Motley Fool Australia has recommended Cettire 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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