Tag: Motley Fool

  • 3 ASX shares giving the gift of gains heading into Christmas

    santa looks intently at his mobile phone with gloved finger raised and christmas tree in the background.

    While the S&P/ASX 200 Index (ASX: XJO) hasn’t provided much of a Santa rally this year, there are a number of ASX-listed shares that are still feeling merry this December.

    Taking a look at the data, 20 companies on the ASX with a market capitalisation of more than $250 million have experienced a gain of 15% or greater so far this month.

    Today, we’ll take a look at three of these companies to see what’s driving their high spirits.

    These ASX shares have made it onto the good list in December

    It’s the season for giving, and investors like to receive a pleasant surprise as much as anyone else. Fortunately, the shareholders of the next three companies have been treated to share price gains of more than 15% in December alone.

    Best & Less Group Holdings Ltd (ASX: BST)

    The first ASX share charging towards Christmas with strong share price appreciation is Best & Less. Since the beginning of the month, shares in the clothing retailer have rallied 15.3%.

    The lift comes after the company experienced a steep 27% selloff in its shares from 9 November to 26 November. While the market seemed put off by Best & Less’s underwhelming trading update in mid-November, the sentiment has shifted.

    Late last month, the company shared its annual general meeting presentation. Positively, those slides contained promising performance for Best & Less online sales. In fact, online sales were reportedly up 33.5% on FY20. Similarweb’s traffic overview shows Best & Less website visits at 2.42 million in November, compared to 1.9 million in July.

    DGL Group Ltd (ASX: DGL)

    The next ASX share climbing down the chimney to make its way onto this list is DGL Group. It has been a solid month so far for the chemical supplies company, rising 18.3% since 1 December.

    A shortage of the diesel fuel additive AdBlue could be driving heightened awareness of DGL Group. The company is Australia’s largest supplier of the emission-reducing mixture, though supplies are quickly dwindling. Hopefully, an agreement reached between Incitec Pivot Ltd (ASX: IPL) and the federal government should prevent a crisis.

    Neuren Pharmaceuticals Ltd (ASX: NEU)

    Finally, we’ve left the biggest gift giver for last — Neuren Pharmaceuticals. This ASX-listed biopharmaceutical share has more than doubled in value since the merry month kicked off. The Neuren Pharmaceutical share price has rewarded its shareholders with a 104% gain.

    The exhilarating surge in share price followed the company’s announcement of positive phase three clinical trial results. Specifically, Neuren’s application of trofinetide to treat young women with Rett syndrome yielded promising data. As a result, the treatment will begin to move through the regulatory process for approval.

    The post 3 ASX shares giving the gift of gains heading into Christmas appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

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

    from The Motley Fool Australia https://ift.tt/3EaIgZL

  • Why is the Woodside (ASX:WPL) share price on the slide this week?

    Close up of a miner wearing a hard hat with a solemn look on his face, with an oil drill in the background.

    The Woodside Petroleum Limited (ASX: WPL) share price is struggling this week amid the company’s Scarborough Project being put back in the hot seat and slumping oil prices.

    The Supreme Court of Western Australia is hearing submissions against the project’s environmental approvals.

    The Conservation Council of Western Australia (CCWA) is taking aim at the state’s Environmental Protection Authority over its decision to give the project the thumbs up.

    Yesterday, the Woodside share price tumbled to close 2.88% lower. It has recovered slightly today.

    Right now, it’s trading 0.47% higher at $21.37.

    For context, the S&P/ASX 200 Index (ASX: XJO) slipped 0.49% yesterday. Though, it’s up 0.41% today.

    Let’s take a closer look at this week’s news of the oil and gas producer.

    What might be driving the Woodside share price this week?

    Scarborough approvals questioned in court

    The Woodside share price dipped yesterday amid the beginning of a court battle over the legality of Scarborough’s environmental approvals.

    The CCWA – represented by the Environmental Defenders Office ­– is arguing the environmental watchdog let the approvals be changed to allow Woodside to process more gas. It allegedly did so without assessing the impact of those changes.

    The CCWA believes, in making the changes, the Western Australian Environmental Protection Agency contravened the Environmental Protection Act.

    Executive director of CCWA Maggie Wood commented on the lawsuit, saying:

    Unless these environmental approvals are questioned and challenged, Woodside could have free rein to produce staggering amounts of pollution, far in excess of that which they initially proposed …

    We believe that all developers – but particularly developers of highly contentious fossil fuel projects – should be held to the same consistently high standards and measures.

    Managing lawyer at the Environmental Defenders Office Tim Macknay said approvals such as Scarborough’s shouldn’t be “rubber stamped”:

    In short, this case is simply about ensuring that projects are properly assessed for their environmental impacts and that government ministers and statutory bodies follow correct process.

    The CCWA launched another case against the project’s approvals last month.

    The second Supreme Court case will see it claiming approvals for the Pluto facility’s expansion, granted by the CEO of the Department of Water and Environmental Regulation, are unlawful.

    Oil prices slump

    Oil prices might also be partly to blame for the Woodside share price’s lacklustre performance this week.

    The price of Brent crude futures slipped 2.7% on Monday, while those of West Texas Intermediate crude fell 3.7%.

    According to Reuters, the dip was due to increasing concerns of Omicron breakouts around the globe.

    Soaring numbers of new cases and lockdowns in parts of Europe could see demand for fossil fuel drop worldwide.

    At this stage, West Texas Intermediate crude futures are back in the green on Tuesday. However, Brent crude futures are still dipping.

    Woodside share price snapshot

    2021 has been rough for the Woodside share price.

    It has fallen 7.3% year to date. It’s also slipped more than 3% over the last 30 days.

    The post Why is the Woodside (ASX:WPL) share price on the slide this week? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Woodside right now?

    Before you consider Woodside, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Woodside wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    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.

    from The Motley Fool Australia https://ift.tt/3270fUd

  • Why is the Galan Lithium (ASX:GLN) share price having such a happy Christmas?

    a smiling woman holds an arm in the air as she holds a fully-charged battery symbol with her other hand.

    As we roll on to the final weeks of the year, Galan Lithium Ltd (ASX: GLN) shareholders are enjoying the gains of their Christmas stock-ings in the minerals company.

    Shares are up 15% in the last month and have climbed off a low of 92 cents back in October to now trade at $1.72 apiece.

    Two catalysts early in December helped give the Galan Lithium share price an additional boost to its new 52-week highs recently. Not to mention the price of lithium continues to climb to new all-time highs on a repeated basis. Here are the details.

    What’s got the Galan Lithium share price racing higher?

    Early in December, the company detailed its economic assessment of its Hombre Muerto West Project, located in Argentina.

    As reported by The Motley Fool at the time, Galan upgraded the net present value (NPV) of the project by a staggering 120% to US$2.2 billion ($3.1 billion at the current exchange rate).

    Galan Lithium also bumped its annual EBITDA projections by 65% to US$287 million. Each of the inputs was assigned using a lithium price of US$18,594 per tonne.

    The upgrades do a great deal for Galan’s share price valuation when factoring in a sum-of-the-parts style analysis, often employed by analysts in stock valuations.

    Taking the adjusted NPV valuation of $2.2 billion and dividing it by Galan’s fully diluted share count gives a $7.30 per share valuation for the project. Depending on what weight analysts and/or the company assign to this revenue segment, the project may or may not build in a premium to Galan’s share price valuation.

    Afterward this announcement, the company gave another update on its Hombre Muerto project, advising a feasibility study tender on the site was completed.

    Galan also advised that the next stage of the project is expected to be delivered late in the fourth quarter of 2022.

    Seeing as the price of Lithium has soared over 17% to new all-time highs once again since December, it also appears the ASX lithium basket is set to fare well in response to this.

    Lithium has also climbed more than 74% this year to date and is showing considerable strength amid heightened demand for the material in a number of electrical applications.

    Galan share price summary

    Galan shares have been an outstanding performer these past 12 months and have climbed 453% in that time.

    Year to date Galan shares have soared another 345%.

    The post Why is the Galan Lithium (ASX:GLN) share price having such a happy Christmas? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Galan Lithium right now?

    Before you consider Galan Lithium, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Galan Lithium wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    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.

    from The Motley Fool Australia https://ift.tt/3EhXn3L

  • Is the NEXTDC (ASX:NXT) share price a steal after going nowhere in 2021?

    fintech, smart investor, happy investor, technology shares,

    It has been a disappointing year for the NEXTDC Ltd (ASX: NXT) share price.

    After being up 14% to a record high of $14.09 at one stage, the data centre operator’s shares are now on course to end the year with a small decline.

    Will 2022 be better for the NEXTDC share price?

    The good news is that a number of brokers believe the NEXTDC share price is undervalued at the current level, which could bode well for its performance in 2022.

    For example, a note out of Macquarie Group Ltd (ASX: MQG) last week reveals that its analysts have an outperform rating and $16.10 price target on the company’s shares.

    Based on the current NEXTDC share price of $12.17, this implies upside of 32% for the company’s shares over the next 12 months.

    Macquarie was pleased with NEXTDC’s recent acquisition of its first edge data centre. Edge data centres serve areas with populations of 10,000 to 1 million people. The broker sees a significant opportunity in this market as the cloud computing boom continues, complementing its leadership position in capital cities.

    Who else is bullish?

    The team at Citi is also bullish on the NEXTDC share price. Its buy rating and $15.40 price target implies potential upside of 27% for investors. Citi is positive on the company due to the shift to the cloud and digitisation trends.

    The broker commented: “With bookings going forward skewing towards wholesale/hyper-scale, we expect revenue per MW to decline, however expect strong earnings growth underpinned by accelerating cloud adoption and digitisation.”

    Finally, analysts at Goldman Sachs are also very positive and have a conviction buy rating and $14.40 price target on the company’s shares. Goldman advised that it sees “NXT continuing to grow EBITDA at c.20%” through to FY 2024 from $134 million to $232 million.

    All in all, if these brokers are on the money, the NEXTDC share price could have a much better year in 2022.

    The post Is the NEXTDC (ASX:NXT) share price a steal after going nowhere in 2021? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in NEXTDC right now?

    Before you consider NEXTDC, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and NEXTDC wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    Motley Fool contributor James Mickleboro owns NEXTDC 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 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.

    from The Motley Fool Australia https://ift.tt/3pd8NBp

  • Marley Spoon (ASX:MMM) share price leaps 17% on acquisition news

    Man and woman dance back to back in kitchen.

    The Marley Spoon AG (ASX: MMM) share price is surging higher today. This comes after the company announced it will acquire an Australian ready-to-heat meal company.

    At the time of writing, Marley Spoon shares are fetching 82 cents apiece, up 17.27%. Earlier in the day, they hit a high of 86 cents, a gain of almost 24% on yesterday’s closing price.

    Marley Spoon boosts existing portfolio of brands

    Investors are pushing up the Marley Spoon share price after the company revealed the acquisition will expand its addressable market.

    According to the release, Marley Spoon has entered into an agreement to take over Melbourne-based ready-to-heat meal provider, Chefgood.

    Offering more than 30 meals rotating every week across different subscription plans, Chefgood targets healthy and weight-conscious consumers. The company’s manufacturing facilities in Melbourne produce high-rating Australian ready-made meals.

    Under the deal, Marley Spoon will acquire 100% of the share capital in Chefgood for a total purchase price of up to $21 million. This will be payable in three tranches in January 2022, September 2022, and May 2023.

    In addition, there are earn-outs of up to $5.6 million over the next 2.5 years based on the achievement of revenue targets.

    The acquisition is expected to give Marley Spoon a foothold in a growing and complementary category.

    Chefgood is operating at a $26 million net revenue run-rate based on the 3-month period of September to November 2021. This represents a growth of 137% year on year.

    Furthermore, the company is generating positive earnings before interest, tax, depreciation, and amortisation (EBITDA) and net cash flow.

    The acquisition is anticipated to close in January 2022 at which the first payment tranche of $10 million is due.

    Marley Spoon will fund the transaction through an $8 million equity placement, and an $11 million extension to its existing debt facility.

    About the Marley Spoon share price

    Marley Spoon is a leading global subscription-based meal kit provider. The company services customers in Australia, the United States, and across Europe.

    In the past 12 months, the Marley Spoon share price has fallen by around 70%, despite today’s strong gains. Investor sentiment has waned in the company which has seen its shares sink by almost 50% since late October.

    Based on today’s price, Marley Spoon presides a market capitalisation of $214.46 million and has approximately 284.05 million shares outstanding.

    The post Marley Spoon (ASX:MMM) share price leaps 17% on acquisition news appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Marley Spoon right now?

    Before you consider Marley Spoon, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Marley Spoon wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

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

    from The Motley Fool Australia https://ift.tt/30KplYa

  • Rhinomed (ASX:RNO) share price surges 9% on world-first trial result

    a young girl smiles as she is about to get a nasal swab test from a medical practitioner while her masked parent looks on in the background.

    The Rhinomed Ltd (ASX: RNO) share price is soaring today on the back of clinical trial results into a new COVID-19 test for children.

    At the time of writing, shares in the company are trading at 29 cents, up 9.43%.

    Let’s take a closer look at the news from the diagnostic company today.

    What did the company announce?

    Rhinomed announced results from a “world first” clinical trial of a diagnostic test for respiratory viruses in children. This includes the ability to detect coronavirus, influenza, and pneumonia.

    The clinical trial assessed the use of its patented Rhinoswab Junior to test children at the Murdoch Children’s Research Institute.

    The test is designed to cause less discomfort for children compared to standard throat and deep nasal swabs.

    The trial recruited 254 children aged between 4 and 18 years showing respiratory symptoms.

    It found 82% of children would rather have the Rhinoswab Junior test than the standard combined throat and nose swab.

    Meanwhile, 79% of parents and 82% of nurses preferred the children to be tested with Rhinoswab Junior.

    The company said these trial results have been presented to local and international “key opinion leaders” and will be reported in a medical journal early in 2022.

    Management comment

    Commenting on the clinical trial results, Rhinomed CEO Michael Johnson said:

    The results of this world first study come at a vitally important time. Testing of children has always been problematic with high testing reluctance due in no small part to the fear and anxiety families have toward the testing process.

    As we continue to deal with SARS-CoV-2 and its variants it is critically important that we enable mass, high frequency testing of children. The results of this trial and the previously published results from NSW Health Pathology provide clear evidence that we can easily and quickly test kids.

    Rhinomed share price snapshot

    The Rhinomed share price has soared by nearly 66% in the past 12 months and 21% in the past month alone.

    The company has a market capitalisation of around $75 million based on its current share price.

    The post Rhinomed (ASX:RNO) share price surges 9% on world-first trial result appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Rhinomed right now?

    Before you consider Rhinomed , you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Rhinomed wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    Motley Fool contributor Monica O’Shea 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.

    from The Motley Fool Australia https://ift.tt/3GRRf3Y

  • Nexus Minerals (ASX:NXM) share price plunges 27% as drill results fall short

    man grimaces next to falling stock graph

    Shares in exploration company Nexus Minerals Ltd (ASX: NXM) are taking a nosedive today and are trading 27.45% down at 37 cents apiece.

    Nexus is tanking as investors respond to a company announcement out of its Crusader–Templar Prospect, located within the Company’s Wallbrook gold project in WA.

    Nexus shares have sunk as low as 33 cents early on today before levelling back off at the current levels. This downside extends selling pressure that’s been in situ since 13 December for the company. With that in mind, let’s take a look at what was released.

    What did Nexus announce today?

    Nexus advised of what it dubbed as “high-grade assay results” from recent drilling at the Crusader–Templar Prospect.

    The release pointed to a figure showing the “limited amount of drilling undertaken to date and the opportunity that exists both within the known strike distance and also at depth”.

    Nexus says that as more drilling is completed from its reverse circulation (RC) drilling program, the density of drilling will increase, and internal characteristics to the mineralisation “including internal plunge geometry to the mineralisation will mature”.

    Specifically, the release noted that the “alteration” observed in diamond hole number 4 that did not correspond to mineralisation, is believed to be a function of a “very late-stage cross cutting oblique structure”

    Playing a level tone, the company explained that the drill hole represents “only a point in space, and a very small component of the total strike length, [however] this late-stage structure has provided a conduit for increased fluid flow/silica flooding but in doing so has re-mobilised the gold”.

    Aside from that, the company added that gold mineralisation tenor and widths observed to date are consistent with broad mineralisation in the shallower levels of less than 100 metres. Two holes at this range are at 29m at 4.60g/t Au within 71m at 2.06 g/t Au from 25m and 16m at 2.31g/t Au within 68m at 0.98g/t Au from 28m, per the release.

    These shallow levels then give way to “broad high-grade intersections” at depths of more than 100 metres, including 13m at 5.17g/t Au, within 25m at 2.95g/t Au from 109m and 5m at 4.93g/t Au, within 8m at 3.31g/t Au from 115m.

    As such, Nexus explained it has 3 RC drill rigs and 2 diamond drill rigs booked for a January start, and a 50 person exploration camp ready to be established at Wallbrook in early January, to cater for “significant increase in exploration activity” in 2022.

    Management commentary

    Speaking on the announcement, Nexus Managing Director Andy Tudor said:

    The broad high-grade gold results continue to impress and build our confidence in the continuity of the high-grade gold mineralisation at Crusader-Templar. The results from DDH#4, which appears to have been drilled down a cross-cutting post-mineralisation structure, continues to increase our understanding of the gold distribution in this very large system.

    Despite its recent challenges, the Nexus share price has soared 196% in the last 12 months, after rallying a further 185% this year to date.

    In the past month, it has reversed course and is 33% in the red after sliding another 37% in the past week of trading.

    The post Nexus Minerals (ASX:NXM) share price plunges 27% as drill results fall short appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Nexus Minerals right now?

    Before you consider Nexus Minerals, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Nexus Minerals wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    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.

    from The Motley Fool Australia https://ift.tt/3FjEej6

  • This metaverse ASX share is a buy: expert

    happy family playing video game

    Metaverse has been the hot word in technology this year, culminating in Facebook’s corporate renaming to Meta Platforms Inc (NASDAQ: FB) in late October.

    The term describes the next stage of internet computing where a combination of virtual reality, augmented reality and video technologies immerse users into a digital “universe”.

    It may surprise you that there are already ASX shares that represent businesses that deal with the metaverse.

    And one of those has been labelled a “buy” this week.

    One of my “favourite” metaverse companies: expert

    Shares for electronic games developer Playside Studios Ltd (ASX: PLY) have rocketed more than 50% in the past 2 months after listing a year ago.

    So much so that the stock now trades at more than 4 times the initial public offer price of 20 cents per share.

    For Red Leaf Securities chief executive John Athanasiou, as one of his fund’s “favourite” metaverse companies, Playside is a buy at the moment.

    “The video game developer has a growing client base,” he told TheBull.

    “The company is at the forefront of blockchain gaming, and recently completed a $28 million capital raising, which enables it to pursue metaverse opportunities.”

    Cyan portfolio manager Dean Fergie has publicly mentioned multiple times over the past year that Playside is set to boom.

    He said in August that its cash flow is good and its dual business of outsourcing services and original games development is “performing outstandingly”.

    “The company has an exciting 12 months ahead with the upcoming release of several new games including titles based on blockbuster movies Legally Blonde and The Godfather, which should contribute to a material uplift in revenues in FY22.”

    Last month the Melbourne company signed a work-for-hire agreement with global giant 2K Games to develop games on their behalf.

    PlaySide chief Gerry Sakkas said at the time that it was the largest outsourcing deal for the company since its ASX listing.

    “We are excited to be working with 2K Games, a label from one of the world’s largest publishers, Take-Two Interactive Software (NASDAQ: TTWO).

    “Our ability to secure this agreement with 2K Games underlines our position as Australia’s largest publicly listed game developer.”

    The post This metaverse ASX share is a buy: expert appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

    Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Meta Platforms, Inc. The Motley Fool Australia has recommended Meta Platforms, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

    from The Motley Fool Australia https://ift.tt/3snzfKT

  • How to make share market volatility your friend: AustralianSuper CIO

    Investor holds a bull and a bear in each hand.

    Ah, volatility… It can be both friend and foe to the ASX investor. While I’m sure all of us enjoy the wealth-compounding effects that can come from successful ASX share market investing, volatility is something we all usually have to deal with if we want to do so.

    Volatility can be scary – no one likes to see the value of their hard-earned portfolio drop dramatically in value. But one expert investor likes to use it to their (and their members’) advantage. That would be Mark Delaney, chief investment officer (CIO) at the behemoth superannuation fund AustralianSuper. Delaney sat down for an interview with the Australian Financial Review (AFR), and it makes for some interesting reading.

    How to handle market volatility, super style

    Running the country’s largest superannuation fund is a challenging task. Being charged with the stewardship of millions of Australians’ retirement savings, as one could imagine, might make a CIO like Delaney dread volatility. But far from it, it’s something he accepts as inevitable. “Market prices always go from expensive to cheap. The key question is what do you do in that environment?” he says.

    Not that Delaney is expecting a correction or crash. But he points out that most decades bring at least one major market plunge. As such, AustralianSuper is cutting back on its share market exposure in order to reflect the risks of possible hawkish multi-state central bank action that might be needed next year to put a leash on global inflation:

    I think it’s very dangerous to be reactive in this sort of environment. Just have a broader perspective and trim into it… Prices will normalise – prices are expensive now – and then we could take advantage of better prices.

    Although volatility and market crashes can be scary, Delaney is sanguine, saying that all investors “need to accept that there will be times when they lose money”.

    “Your focus of control is actually yourself and how you’re feeling and what you’re doing,” he says. “Investing through a bear market is a formative experience every investor needs to go through.”

    So there you have it. That’s what the investment officer of Australia’s largest super fund thinks about volatility. Remember, some of the best investors in the world love periods of market panic so they can “take advantage of better prices”, as Delaney puts it.

    As the great Warren Buffett once said: “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” Something to keep in mind this Christmas!

    The post How to make share market volatility your friend: AustralianSuper CIO appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of August 16th 2021

    More reading

    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.

    from The Motley Fool Australia https://ift.tt/3FiUtNp

  • The Liontown (ASX:LTR) share price has shed 22% this month. Is it a bargain?

    A mining worker wearing a white hardhat stands on a platform overlooking a huge coal mine

    The Liontown Resources Limited (ASX: LTR) share price is having another difficult day.

    In afternoon trade, the lithium developer’s shares are down 3.5% to $1.50.

    This means the Liontown share price is now down 22% since the start of December.

    Is the Liontown share price a bargain buy now?

    While the recent weakness in the Liontown share price is disappointing for shareholders, it could be a buying opportunity for non-shareholders.

    This month the team at Bell Potter named Liontown as one of its top picks for 2022 and is predicting significant upside for its shares.

    According to the note, the broker has a (speculative) buy rating and $2.15 price target on the company’s shares. Based on the current Liontown share price, this implies potential upside of 43% over the next 12 months.

    Why is Bell Potter so bullish?

    Bell Potter is a fan of Liontown due to its exposure to lithium through its Kathleen Valley Lithium Project in Western Australia. The broker notes that as its future offtake is uncommitted, it is well-placed to take advantage of supply shortages as decarbonisation policies are enacted.

    In respect to the lithium market, Bell Potter commented: “Surging lithium commodity prices in 2021 have highlighted an emerging supply-demand deficit. This deficit is expected to widen with the ongoing uptake of electric vehicles and battery storage systems. The value of uncontracted lithium supply is evidenced by heightened sector corporate activity and record spot prices achieved by Australian spodumene producers.”

    With that in mind, the broker said: “LTR is positioned to become a key supplier of battery raw materials and is now capable of funding Kathleen Valley’s initial development capital. The project DFS highlighted production of 658ktpa SC6 with potential for conversion into 86ktpa lithium hydroxide (75ktpa lithium carbonate equivalent, LCE). LTR is independent, debt free and with all offtake uncommitted it is in a strong strategic position in a market for lithium facing supply shortages as decarbonisation policies are enacted. Key catalysts are now signing product offtake contracts, project permitting and commencing project development.”

    All in all, this could make the Liontown share price great value after its recent pullback.

    The post The Liontown (ASX:LTR) share price has shed 22% this month. Is it a bargain? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Liontown right now?

    Before you consider Liontown, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Liontown wasn’t one of them.

    The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of August 16th 2021

    More reading

    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 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.

    from The Motley Fool Australia https://ift.tt/3ebE1CJ