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Are you looking for options for a retirement portfolio? If you are, then you may want to look at the shares listed below.

Here’s why these ASX shares could be top options for retirees:

Elders Ltd (ASX: ELD)

The first ASX share for retirees to consider is this agribusiness giant. It provides livestock, real estate, feed and processing, wool agency services, financial planning, and grain marketing services to rural and regional customers across Australia and New Zealand.

Goldman Sachs is very positive on the company’s outlook and has a conviction buy rating and $15.65 price target on its shares.

In response to its strong full year result in November, Goldman said: “We expect ELD can continue this solid performance into FY22, with key drivers further delivering on the Eight Point Plan: (1) market share growth, with a pipeline of 27 further bolt-on acquisitions; (2) gross margin expansion driven by ongoing execution of backward integration in animal health and crop protection.”

As for dividends, Goldman expects 40 cents per share in FY 2022 and 42 cents per share in FY 2023. Based on the current Elders share price of $12.33, this will mean yields of 3.2% and 3.4%, respectively.

Transurban Group (ASX: TCL)

Another ASX share that could be a top option for a retirement portfolio is this leading toll road operator. Transurban owns a portfolio of 17 roads in Australia, four in North America, and a significant project pipeline across its networks that could support its growth in the coming years.

The team at Morgans appear to believe the company’s shares would be great long term options for investors.

The broker recently commented: “We view TCL as a high quality pure-play toll road infrastructure portfolio benefitting from employment and population growth, urbanisation, and the value of time, with particular exposure to the east coast capital cities in Australia.”

Morgans currently has an add rating and $14.57 price target on Transurban’s shares. In addition, the broker is forecasting dividends per share of 35 cents in FY 2022 and then 55.3 cents in FY 2023. Based on the current Transurban share price of $13.48, this will mean yields of 2.6% and 4.1%, respectively.

The post 2 top ASX shares for a retirement portfolio appeared first on The Motley Fool Australia.

More reading

• Why analysts slapped buy ratings on these ASX shares
• Morgans names 2 ASX 200 dividend shares to buy
• Why Afterpay, Healius, IDP Education, and Transurban shares are falling
• ASX 200 (ASX:XJO) midday update: CBA rises, Sandfire’s MATSA update
• Why are Transurban (ASX:TCL), Dexus, and Mirvac shares tumbling?

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 Elders 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.

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) both have been riding the popularity wave of cryptocurrencies with a dog as a mascot. These popular meme tokens skyrocketed last year — and took spots among the biggest cryptocurrencies.

Shiba Inu beat its older rival when it comes to annual gains. It soared a jaw-dropping 45,000,000%. Dogecoin “only” climbed 2,900%. But Shiba Inu lags when it comes to market value. It’s the world’s 13^th biggest cryptocurrency while Dogecoin is the 12^th largest.

Dogecoin also beats Shiba Inu by value of individual tokens. It’s worth about 15 cents while Shiba Inu trades for a fraction of a cent. Considering Shiba Inu’s popularity and strong community support, could it rise above the price of Dogecoin this year? Could it surpass Dogecoin’s market value? And what about from a pure percentage increase perspective? Let’s look for some clues.

An experiment in community building

First, a little background on Shiba Inu. A founder known only as “Ryoshi” launched Shiba Inu in August 2020. Shiba Inu’s whitepaper calls the cryptocurrency “an experiment in decentralized spontaneous community building.” And community — known as the Shib Army — is indeed the driving factor behind Shiba Inu’s success.

So, what exactly is Shiba Inu? It’s a token built on the Ethereum blockchain. Shiba Inu isn’t a blockchain itself and can’t host smart contracts. So, users can’t go to Shiba Inu for decentralized applications that allow them to buy insurance or manage their investments, for example. Instead, investors can buy Shiba Inu and stake their holdings for passive income — or use their tokens as a payment method at certain merchants.

Unlike Shiba Inu, Dogecoin is a currency and a blockchain. But like Shiba Inu, Dogecoin’s real world uses are limited to staking and payment. So, it seems fair to compare the two — and consider whether Shiba Inu has what it takes to jump ahead of its rival.

The key to our answer has to do with token supply. Dogecoin has an unlimited supply overall. That limits gains. But right now, about 132 billion tokens are in circulation. That’s a lot fewer than the 549 trillion Shiba Inu coins in circulation.

Market value and price per coin

Now, let’s do some math. Today, Shiba Inu is priced at about 0.00002949. If it doubles to 0.00005898, we’re still at a price that’s much lower than today’s Dogecoin price. But it brings Shiba Inu to a market value of more than $32 billion. As of right now, that would put Shiba Inu ahead of Dogecoin in terms of market value. And it would make it the ninth-biggest cryptocurrency by market value after Ripple. From a math standpoint, it’s possible Shiba Inu could beat Dogecoin when it comes to market value.

As for actual price per coin, it seems nearly impossible that Shiba Inu could beat Dogecoin. Considering Shiba Inu’s coin supply, a price of 15 cents would give the cryptocurrency a market value of $82 trillion. By comparison, the entire crypto market is worth about $3 trillion.

When it comes to general percentage gains, it may be easier for Shiba Inu to beat Dogecoin than vice versa. That’s simply because it’s easier for assets with a lower value to double or triple than those starting out at a higher price.

So, Shiba Inu could beat Dogecoin when it comes to percentage gains or market value. Does that mean you should invest in this popular crypto player? No. There are a few reasons why I would avoid Shiba Inu. And the great news is this: Choices are many. There are plenty of other cryptocurrency opportunities that look much more promising for 2022.

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

The post Could Shiba Inu Surpass Dogecoin in 2022? appeared first on The Motley Fool Australia.

More reading

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• Meme coin selling: Why Shiba Inu, Dogecoin, and The Sandbox are down
• Dogecoin jumps more than 20% in minutes on renewed Elon Musk backing

Adria Cimino owns Dogecoin and Ethereum. The Motley Fool owns and recommends Ethereum. The Motley Fool has a disclosure policy.

 

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

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The Zip Co Ltd (ASX: Z1P) share price has been hitting 12-month lows over the last 30 days.

Today, the buy now, pay later (BNPL) company’s stock hit yet another 52-week low of $3.66.

At the time of writing, the Zip share price has rebounded to $3.81, representing a 0.2% drop on its previous close.

So, with the Zip share price bottoming out, what do experts predict for its future? Let’s take a look.

What’s going on with the Zip share price?

The last time the market heard price-sensitive news from Zip was on 7 December.

Then, the company announced that, based on its November transaction volume, its bringing in more than $10 billion of transactions per year.

The Zip share price surged 9% that session and another 10% the following session.

However, on 17 December, the BNPL company’s stock hit a 52-week low of $4.05.

Then, on 6 December, it dropped to another low of $3.80. Of course, today’s intraday low was another new 52-week record low.

Thus, some experts are warning investors to hold off from buying Zip shares for the time being. However, brokers’ price targets on the stock remain high.

While both Citi and UBS have a neutral rating on the BNPL company, they’ve respectively slapped it with price targets of $5.85 and $5.20.

Both targets are lower than the brokers’ previous assumptions but they imply an upside of 36% to 53% on the current Zip share price.

The target comes despite Citi predicting the company will post deeper losses for financial year 2022.

As The Motley Fool Australia recently reported, the broker expects the company will end financial year 2022 with a loss of $218 million. For comparison, Zip recorded a $211 million loss last financial year.

Though, Citi is expecting Zip’s losses to improve from financial year 2023.

The broker is also concerned about the growth of Zip’s international presence.

The company rebranded its 2020 acquisition, Quadpay, to become its leg in the North American nation.

Citi has noted that the company’s growth in the United States is slower than expected.

The post The Zip (ASX:Z1P) share price has hit 3 52-week lows in the last month. What now? appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted ASX shares
• These were the worst performing ASX 200 shares last week
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• Own Zip (ASX:Z1P) shares? Top broker forecasts earnings for next 3 years
• These 3 ASX tech shares just hit 52-week lows. What’s going on?

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 ZIPCOLTD 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 Bitcoin (CRYPTO: BTC) price has tumbled so far in 2022 following the latest comments from the US Federal Reserve.

Since the beginning of the calendar year, the flagship cryptocurrency has slumped by more than 10%, highlighting its extreme volatility.

At the time of writing, the price of Bitcoin is fetching US$41,760.73. This represents a drop of almost 38% from its all-time high of US$68,789.63 in November.

What’s happened to Bitcoin lately?

Once again, in spectacular fashion, the Bitcoin price has fallen as unfavourable market conditions weigh on investor sentiment.

The release of minutes from the US Federal Reserve’s meeting indicated that interest rates would soon rise. In addition, an end to stimulus packages to counteract the impact of COVID-19 could also provoke distress.

US Treasury Secretary Janet Yellen’s statements late last year on the cryptocurrency didn’t help matters. Those comments were centred around Bitcoin being an extremely inefficient way of conducting transactions, along with its use in illegal activities.

And if that wasn’t enough to put a dent in investor confidence, Tesla boss Elon Musk also gave his input. He noted the price of Bitcoin seemed higher than where it should be trading.

A number of critics are putting the spotlight upon the sheer amount of power required to mine new crypto coins. Miners run souped-up machines and supercomputers to solve complex algorithms and puzzles in order to create Bitcoins.

While there are roughly 19 million Bitcoins currently circulating, just 2 million bitcoins remain to be mined in the future. Bitcoin inventor Satoshi Nakamoto originally capped the total supply to 21 million Bitcoin.

Experts predict that the remaining bitcoins will be mined by 2140.

Is it a buy?

If the price of Bitcoin can pass the psychological barrier of US$50,000, the resistance barrier may turn into a support level. Notably, the cryptocurrency has corrected by a considerable percentage which should be expected with this asset class.

Bitcoin, along with other coins such as Ethereum, Solana, and Cardano, is considered to be high risk/high reward investment.

A sound approach for any investor is the dollar-cost averaging strategy (DCA).

It is a simple strategy that entails investing an amount in the same asset at regular intervals over a period of time.

DCA reduces the impact of market volatility on the overall purchase. It is known as a risk-reduction tool, especially in this current climate.

Tiptoeing in small increments during a market dominated by COVID-19 news may also avoid cryptocurrency slumps.

The post The Bitcoin (CRYPTO:BTC) price has tumbled 10% since the start of 2022. Is it a buy? appeared first on The Motley Fool Australia.

More reading

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• How the Bitcoin (CRYPTO:BTC) price performed in 2021
• Is dollar cost averaging the way to invest in Bitcoin?
• This has to happen before investors take cryptocurrency seriously

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 shares of and has recommended Bitcoin. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Australia’s leading investment analysts are always on the lookout for ASX share opportunities that could generate attractive performance.

Share prices are changing all the time, so good value can quickly appear.

If a single analyst thinks a business is a buy, then there’s worth thinking about. If there are multiple brokers that suggest an ASX share is a buy then that may imply there’s a good opportunity there. Or, all of those analysts are wrong at the same time.

With that in mind, here are two ASX shares that are highly-recommended:

Nickel Mines Ltd (ASX: NIC)

Nickel Mines holds an 80% economic interest in the Hengjaya nickel and Ranger nickel projects, both of which operate two line rotary kiln electric furnace (RKEF) plants producing nickel pig iron (NPI) within the Indonesia Morowali Industrial Park.

It also recently bought an 80% interest in the Angel Nickel project. In December 2021, it announced the signing of an agreement with Shanghai Decent to acquire a 70% interest in the Oracle nickel project.

The ASX share and Shanghai Decent also committed to reducing carbon emissions and have undertaken to explore transitioning its energy sources to renewable energy and other lower carbon emitting solutions. Solar is one main focus.

Nickel Mines is currently rated as a buy by at least four brokers, including Macquarie Group Ltd (ASX: MQG). The price target is $1.70, which is approximately 20% higher than where it is right now. The broker thinks that Chinese demand will help the nickel price.

Whitehaven Coal Ltd (ASX: WHC)

Whitehaven is one of the largest coal miners in Australia. It operates four mines (three open-cut and one large underground mine) in the Gunnedah Coal Basin of NSW. It also has two near-term development assets, being Vickery, near Gunnedah, and Winchester South, in Queensland’s Bowen Basin.

It is currently rated as a buy by at least six brokers including Citi, which has a price target of $3.20 – that’s a potential upside of around 15% if the broker is right. The buy rating came after a decline of the Whitehaven share price from the highs in October 2021.

The three months to September 2021 saw managed saleable coal production of 4.7mt from the ASX share. During October 2021, it saw record thermal coal prices. Management said this would help with cashflow. Prices are reportedly rising again.

It’s paying down debt and expects to fully repay the debt facility early in the 2022 calendar year and to be in a net cash position by March 2022.

Whitehaven says that demand for thermal coal is “extremely strong” with supply constraints in key producing countries, causing the Asian coal market to tighten further. Logistics issues have impacted Russia and South Africa.

The miner said both thermal and metallurgical coal prices are forecast to remain “well supported” due to strong demand and continuing supply tightness.

The post 2 highly-recommended ASX shares to buy appeared first on The Motley Fool Australia.

More reading

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• Why Brainchip, Pilbara Minerals, Straker, and Whitehaven Coal shares are pushing higher
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• Why the Whitehaven Coal (ASX:WHC) share price is jumping 9% today

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. 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.

I’m sure by now you’ve heard about the outrageous returns that the cryptocurrency market has produced. In 2021, the total value of these digital assets roughly tripled, and the entire market is worth just over $2 trillion today. 

Bitcoin (CRYPTO: BTC), the world’s most valuable cryptocurrency, finished 2021 up 61% on the year. But there could still be massive gains ahead. Even ARK Investment Management’s CEO, Cathie Wood, thinks Bitcoin, which was priced around $43,000 as of Jan. 6, will eclipse the $500,000 mark in 2026. 

Let’s dive into what needs to happen for the top cryptocurrency to rise tenfold over the next five years. 

Bitcoin becomes “digital gold” 

The current value of all the gold in the world is a little over $9 trillion. Based on Bitcoin’s market cap of approximately $800 billion, if the cryptocurrency ever truly becomes what many investors and speculators think of it as — a “digital gold” — then it’s not difficult to believe that its value could approach the precious metal’s. Both possess scarcity, as there is only a finite amount of gold in the earth’s crust and there will only be 21 million bitcoins mined. Bitcoin can’t be used in electronics or worn as jewelry, but it can be easily owned or transferred. For “digital gold” proponents seeking an effective store of value, Bitcoin could be the answer. 

According to Cathie Wood, if institutional investors allocate 5% of their portfolios to Bitcoin, then it could reach $500,000 in value. The likelihood of this happening is anyone’s guess, and it will certainly depend on its volatility decreasing significantly, but there are signs that point to increased investor interest. 

There are already numerous Bitcoin exchange-traded funds available. And investment bank Goldman Sachs even has a trading desk dedicated to Bitcoin. These developments reduce the friction to get institutions on board. The appeal of owning Bitcoin, or any cryptocurrency for that matter, is that it’s not correlated to other financial assets. As a result, it can add a level of diversification to portfolios. 

Then there’s the possibility of corporations moving a portion of any cash on their balance sheets into Bitcoin, like what Block, MicroStrategy, and Tesla have already done. If this trend continues, it will definitely provide support for Bitcoin’s price appreciation in the years ahead. 

Bitcoin’s utility rises 

Another argument for why Bitcoin can soar tenfold by 2026 is that its utility could increase. While we in the U.S. might take our advanced payments system and financial services for granted, citizens of developing countries have a different perspective.

El Salvador is the perfect example of how useful Bitcoin can be. Remittances make up a quarter of its gross domestic product, but sending money back home incurs an average fee of close to 3% per transaction. Bitcoin offers low fees (or none) to send payments across borders, meaning hundreds of millions of dollars can be released to immediately improve the livelihood of people in El Salvador. The Central American nation also recently made the cryptocurrency legal tender, a model other countries could soon follow. 

Jack Dorsey, CEO of Block, views Bitcoin as the most important thing to work on during his lifetime. His company has two initiatives, TBD and Spiral, that aim to build the tools and infrastructure, such as a decentralized exchange for converting fiat currency to Bitcoin, as well as improved wallet functionality, to meaningfully improve Bitcoin’s user experience.

And Coinbase Global, the leading crypto brokerage and exchange business in the U.S., operates with the overarching mission to create and propel the crypto economy. Some of the brightest entrepreneurs today are clearly working on bringing crypto to the masses. As the world’s most valuable cryptocurrency, Bitcoin should naturally benefit since it will probably be the general public’s first exposure to the nascent asset class. 

Over the past five years, Bitcoin has skyrocketed a remarkable 4,800%. A tenfold jump in the next five years equates to a total return of 900%, or 58% on an annualized basis. This is a phenomenal rate of return that will crush the broader stock market. However, it’s still a huge slowdown from Bitcoin’s past performance. 

There will no doubt be volatility along the way. That’s just the price we must pay in order to achieve great returns. But based on the arguments I’ve laid out above, I think there’s a possibility for Bitcoin to increase tenfold by 2026. 

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

The post This cryptocurrency could 10x by 2026 appeared first on The Motley Fool Australia.

More reading

• Can Ethereum overtake Bitcoin in 2022?
• How the Bitcoin (CRYPTO:BTC) price performed in 2021
• Is dollar cost averaging the way to invest in Bitcoin?
• This has to happen before investors take cryptocurrency seriously
• Should ASX investors allocate 3% to Bitcoin and Ethereum?

Neil Patel owns Bitcoin, Block, Inc., and Coinbase Global, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and recommends Bitcoin, Block, Inc., Coinbase Global, Inc., and Tesla. 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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Shares in struggling energy giant AGL Energy Limited (ASX: AGL) are back in the money today amid a longer-term uptrend that’s been in situ since November.

AGL shares are now trading more than 7% higher at $6.74 apiece, after rallying as high as $6.84 early in the session. Let’s take a look.

What’s driving the AGL share price today?

Whilst there’s been no price-sensitive information from the company’s end today, the team at Credit Suisse upgraded the firm to outperform in a note to clients, adding another bull to the list of analysts covering AGL.

That means that each of Credit Suisse, JP Morgan, and one other broker are bullish on the direction of the AGL share price in 2022.

Credit Suisse values the company at $8.50 per share, whereas JP Morgan reckons AGL should trade at around $7.55.

Aside from this, the S&P/ASX 200 Energy Index (XEJ) has also nudged past 1.5% today and has climbed around 6% in the past week, indicating strengths in the broad sector.

Energy markets are regaining steam as we roll into the first quarter of fiscal 22, as the price of natural gas and coal remain stationed near multi-year highs.

Natural gas has climbed more than 50% in the last year and is up 10% for the month, whereas coal has soared more than 130% and 23% respectively.

Aside from that, ASX energy shares are positioned on the ‘defensive’ rather than ‘cyclical’, because people will consume energy in all phases of the business cycle.

Hence, with the recent spike in US Treasury yields that is hurting the valuations on cyclical and high-growth stocks, it appears that investors are reshuffling capital back in favour of defensive names like AGL.

AGL shares bounced off a low of $5.10 in mid-November and have skyrocketed from January alongside the broad index just as the S&P/ASX All Technology Index (XTX) has tanked over 6% in the same time.

Hence, the $4 billion company by market cap has now shot past its 3-month highs and is on track to finish the session up today as well.

AGL share price summary

In the past 12 months, the AGL share price has fallen more than 44% much to the anguish of shareholders.

However, with the strengths in recent weeks, it has climbed over 15% in the last month and is up 10% for the past week.

Yet, over the long-term, AGL has lagged its key benchmarks substantially, even with its 75 cents per share trailing dividend.

The post Here’s why the AGL (ASX:AGL) share price is surging 8% today appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: AGL and Novonix shares shoot higher
• Who owns AGL (ASX:AGL) shares and does it really matter?
• Hydrogen, EVs, and coal fire, oh my! Here’s how the energy transition might impact AGL (ASX:AGL) shares in 2022
• These were the 5 worst performing ASX hydrogen shares of 2021
• These were the 5 worst performing ASX 200 shares in 2021

The author has no positions 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 VGI Partners Ltd (ASX: VGI) share price is in the green today on the back of merger speculation.

The company’s share price is currently swapping hands at $5.25, up 10.29% on yesterday’s close.

Let’s take a look at what is happening at the investment company today.

Merger speculation

Investors may be reacting today to speculation in The Australian that VGI Partners may merge or be taken over by one of its competitors.

The company has asked Jefferies banker Michael Stock to spearhead the potential merger or acquisition, News Corp reported.

In a statement authorised by company secretary Ian Cameron, VGI Partners acknowledged the media speculation and left the door open to a potential merger.

VGI confirms that it is having preliminary discussions with a number of parties, including Regal [Regal Investment Fund (ASX: RF1)], in relation to a range of potential transactions.

VGI is aware of its continuous disclosure obligations to the market and will keep the market informed consistent with those obligations.

A global funds manager, VGI Partners has offices in Sydney, New York and Tokyo. The company has $2.8 billion worth of funds under its management as of 30 September 2021.

VGI’s share price has had a tough year, shedding 39% in the past 12 months. Additionally, the VGI share price has dropped 41% from its 12-month high of $8.54 reached on 25 February.

VGI share price recap

While the 2021 year was a shocker for VGI Partners shares, the past month is providing relief for investors.

In the past week, VGI shares have gained 7.8%, while they are up nearly 22% in the past month.

The company commands a market capitalisation of roughly $332.28 million based on the current share price.

The post VGI Partners (ASX:VGI) share price climbs 10% amid possible merger appeared first on The Motley Fool Australia.

More reading

• Here’s why the AGL (ASX:AGL) share price is surging 8% today
• Tritium is set to list on the Nasdaq this month, but what about the ASX?
• Following the Wesfarmers (ASX:WES) API takeover? Here are some key dates to watch out for
• Why is the Tyro (ASX:TYR) share price tumbling today?
• ASX 200 (ASX:XJO) midday update: AGL and Novonix shares shoot higher

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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Electric vehicle (EV) fast-charging company Tritium is back in view today as the company gets set for a likely Nasdaq listing this month. Currently, there are no signs of the EV charging player landing on the ASX anytime soon despite Tritium’s headquarters being located in Australia.

After cementing a record-breaking fourth-quarter result, investors are eagerly awaiting the Brisbane-based company’s listed future. The final stepping stone along the path of a public debut involves a shareholder vote on 12 January.

Powering towards a Nasdaq listing

Tritium’s interest in becoming a publicly listed company began back in May last year. During a boom in special purpose acquisition companies (SPACs), the business partnered up with Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN).

The two companies have been working on the merger for Tritium to be taken public. After roughly eight months, the final piece of the puzzle is a shareholder vote on the proposed business combination with Tritium.

According to the company’s release, DCRN shareholders will lodge their votes up until 12 January. On this date, a special meeting will be held with the final outcome of the vote to be announced. If the votes tally in favour of the merger, Tritium is expected to hit the Nasdaq days after the meeting.

Additionally, Tritium had been tagged with an estimated $2 billion valuation in June last year. Since then, the company has further grown its revenue.

ASX misses out on Tritium growth

At present, the world’s second-largest fast-charging company has shared no intentions of appearing on the ASX. Instead, Tritium’s future currently lies solely with the Nasdaq exchange in the United States. This is likely a reflection of the company’s composition of sales.

Based on its investor presentation, 20% of Tritium’s sales are made in North America. Comparatively, only 10% of the EV charging company’s sales are to the Asia Pacific region. Interestingly, approximately 70% of total sales are in Europe.

For the three months ended 31 December 2021, Tritium notched up ~US$41 million in revenue. This was a record for the company and represented more than a 2.5 times increase on the prior corresponding period.

Record sales
Record backlog
Record revenue

2021 was a fantastic year, and today we're proud to announce milestone Q4 and calendar year results. Click below to read a business update and discover which U.S. states may host Tritium's new factory.https://t.co/zXqYQ8ArXq

— Tritium (@TritiumCharging) January 4, 2022

https://platform.twitter.com/widgets.js

However, as Tritium CEO Jane Hunter noted, the quarter was impacted by supply chain and logistics issues.

When COVID started, it was 42 days from Australia to Europe by boat, and 35 days to North America from Australia, and we had … a ship that left in September and still has not docked in North America, which is just unheard of.

Unfortunately for ASX investors, the Tritium growth story has been out of reach, being a private company. Although, with the possibility of it listing on the Nasdaq, investors might soon have access to Tritium on a public exchange.

The post Tritium is set to list on the Nasdaq this month, but what about the ASX? appeared first on The Motley Fool Australia.

More reading

• Here’s why the AGL (ASX:AGL) share price is surging 8% today
• VGI Partners (ASX:VGI) share price climbs 10% amid possible merger
• Following the Wesfarmers (ASX:WES) API takeover? Here are some key dates to watch out for
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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It’s been a wild rise for market watchers interested in Wesfarmers Ltd‘s (ASX: WES) takeover of Australian Pharmaceuticals Industries Ltd (ASX: API).

The company’s bid has been blindsided twice, once by Sigma Healthcare Ltd (ASX: SIG) and another by its retail peer Woolworths Group Ltd (ASX: WOW).

For those excited by the prospective takeover, Wesfarmers’ bid is now the last one standing.

At the time of writing, the Wesfarmers share price is $57.40. Meanwhile, API’s shares are trading for $1.52 apiece.

Here’s how it’s expected to play out from here.

What’s next for Wesfarmers’ takeover of API?

Wesfarmers’ bid is the last on the table for Priceline owner, API. Woolworths withdrew its $1.75 per share takeover offer for the company on Friday, leaving the door wide open for Wesfarmers’ $1.55 offer.

However, Wesfarmers’ takeover of API has several hurdles to complete before it can take effect.

At this stage, the exact dates to complete them haven’t been released. Though, they might be placed on the table shortly.

The first will be the release of a scheme booklet. The booklet will contain an independent expert’s report on the transaction, directors’ recommendations, and details on the scheme meeting.

That is expected to drop early this year, meaning its release could be imminent.  

The takeover will need to be approved by most API shareholders. Shareholders will be able to vote on the transaction at the scheme meeting, the date for which will likely be found in the scheme booklet.

The takeover also needs to get approval from the Australian Competition and Consumer Commission and the courts.

As long as each of these key happenings proceeds, the takeover is expected to happen before the end of the March quarter.

Wesfarmers initially placed a $1.38 per share bid for API – representing a 21% premium to its last close.

That was bumped to $1.55 after API rejected it in July. However, the bid was to be minus any dividends to API shareholders prior to the takeover becoming effective.

As API paid its investors a 2-cent dividend in December, Wesfarmers’ offer has been dropped to $1.53 per share.

Since Wesfarmers placed its first bid for API, the Priceline owner’s share price has gained 31%. Meanwhile, that of Wesfarmers is trading 0.8% lower than it was at the time of its initial bid.

The post Following the Wesfarmers (ASX:WES) API takeover? Here are some key dates to watch out for appeared first on The Motley Fool Australia.

More reading

• Why API, James Hardie, Magellan, and St Barbara shares are dropping
• ASX 200 (ASX:XJO): Woolworths withdraws API proposal, tech shares rebound
• API (ASX:API) share price crashes 12% after Woolworths withdraws takeover offer
• Wesfarmers (ASX:WES) share price higher after receiving API takeover boost
• How does the Wesfarmers (ASX:WES) dividend compare to other ASX 200 blue chips?

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 Wesfarmers 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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