Tag: Motley Fool

  • 5 things to watch on the ASX 200 on Wednesday

    Investor sitting in front of multiple screens watching share prices

    On Tuesday, the S&P/ASX 200 Index (ASX: XJO) fought hard but ultimately fell a touch short. The benchmark index edged ever so slightly lower to 7,378.4 points.

    Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

    ASX 200 expected to fall

    The Australian share market looks set to fall on Wednesday following a poor night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 44 points or 0.6% lower this morning. In late trade in the United States, the Dow Jones is down 0.3%, the S&P 500 is down 0.95%, and the Nasdaq is trading 1.5% lower.

    CSL shares on watch

    The CSL Limited (ASX: CSL) share price will be one to watch today if it completes its equity raising in time to return to trade this morning. The biotherapeutics giant is raising US$4.5 billion (A$6.3 billion) through an institutional placement and a further US$534 million (A$750 million) via a share purchase plan. Combined with its debt facilities, this will support the acquisition of Vifor Pharma for US$11.7 billion (A$16.4 billion). Management expects the acquisition to be low-to-mid teens NPATA per share accretive in the first full year of ownership.

    Oil prices drop

    Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could have a difficult day after oil prices dropped. According to Bloomberg, the WTI crude oil price is down 1.1% to US$70.54 a barrel and the Brent crude oil price has fallen 1.2% to US$73.50 a barrel. Omicron concerns continue to weigh on the demand outlook.

    Gold price falls

    Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could come under pressure today after the gold price tumbled. According to CNBC, the spot gold price is down 0.9% to US$1,773.3 an ounce. The gold price is falling amid expectations the US Fed could lift rates sooner than expected.

    Westpac annual general meeting

    The Westpac Banking Corp (ASX: WBC) share price will be on watch today when the banking giant holds its annual general meeting. Investors will be keen to hear the bank talk about its cost cutting plans. Particularly given how the market is becoming increasing sceptical that it will be able to reduce its cost base down to $8 billion.

    The post 5 things to watch on the ASX 200 on Wednesday 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

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    Motley Fool contributor James Mickleboro owns Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Here’s why the Galan Lithium (ASX:GLN) share price leapt 7% today

    a man in a hard hat and overalls raises his arms and holds them out wide as he smiles widely in an optimistic and welcoming gesture.

    The Galan Lithium Limited (ASX: GLN) share price finished up more than 7% today amid an announcement on its wholly-owned lithium project in Argentina.

    At market close, Galan shares finished at $1.82, an increase of 7.37% on the day.

    Let’s take a closer look.

    What did Galan announce today?

    Galan advised a feasibility study tender on the company’s Hombre Muerto West (HMW) Project has been completed. It also announced the ongoing study has been awarded to global consultancy group Hatch.

    The HMW Project is one of Galan’s three lithium brine exploration projects in South America. The next stage of the project is expected to be delivered late in the fourth quarter of 2022.

    Galan’s Managing Director Juan Pablo (JP) Vargas de la Vega is optimistic about the company’s future:

    The lithium industry is growing faster than anyone could anticipate requiring lithium batteries at an unprecedented rate. We would like to think that together we can make a small, however, important difference globally in helping to transition to an environmentally better world.

    It’s more good news for Galan after it released a preliminary economic assessment (PEA) for its Candelas project last month. It found the company could be sitting on a $1.2 billion lithium resource at the site.

    How has Galan Lithium performed over the year?

    The Galan share price has been on a tear this year, up 427% in the last 12 months and 31% in just the last week.

    The company has a current market capitalisation of around $535 million.

    The post Here’s why the Galan Lithium (ASX:GLN) share price leapt 7% today 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

    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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  • 3 excellent ASX growth shares to buy right now

    chart showing an increasing share price

    Are you interested in adding some ASX growth shares to your portfolio this month or in 2022? If you are, you may want to look at the ones listed below that have recently been named as buys.

    Here’s what you need to know about them:

    Breville Group Ltd (ASX: BRG)

    The first ASX growth share to look at is Breville. It is the leading appliance manufacturer behind the Sage, Kambrook, Baratza, and eponymous Breville brands. Thanks to its investment in product development, these brands have been resonating well with consumers for many years. Much to the delight of shareholders, this has underpinned consistently solid sales and earnings growth. The good news is that this is expected to continue in the future thanks to favourable industry tailwinds, its continued investment in research and development, and its global expansion.

    Macquarie is a very positive on Breville. The broker currently has an outperform rating and $34.37 price target on its shares.

    Hipages Group Holdings Ltd (ASX: HPG)

    Another ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider connecting consumers with trusted tradies. There are currently over 30,000 tradies using the platform, which is underpinning strong job volume and sales growth. In addition, the company just announced the acquisition of New Zealand rival Builderscrack. This gives Hipages access to a NZ$26 billion total addressable market and 4,000 active tradies.

    Goldman Sachs is very bullish on Hipages. It currently has a buy rating and $5.15 price target on its shares.

    Life360 Inc (ASX: 360)

    A final ASX growth share to look at is Life360. This growing technology company is responsible for the Life360 mobile app. This market leading app is for families and offers useful features such as communications, driver safety, and location sharing. As of its last update, the company’s user base had reached 32 million globally. This is generating significant recurring revenues and opens the door to material cross and upselling opportunities for its recently acquired businesses. These are wearables company Jiobit and items tracking company Tile.

    Bell Potter is bullish on the company’s future. It currently has a buy rating and $16.25 price target on its shares.

    The post 3 excellent ASX growth shares to buy right now 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 James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Hipages Group Holdings Ltd. and Life360, Inc. The Motley Fool Australia has recommended Hipages Group 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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  • Why did the Beach Energy (ASX:BPT) share price lift today?

    Takeover agreement

    The Beach Energy Ltd (ASX: BPT) share price has finished in the green today, defying a sector-wide slump on Tuesday.

    At market close, shares in the energy producer were trading at $1.245, up 0.81%.

    For some perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) was down 0.97% today.

    What’s new at Beach Energy?

    Beach Energy informed investors it has appointed Rob Jager ONZM as an independent non-executive director.

    Jager is best known for his career at Shell Energy. Over a career spanning more than 40 years, he has served in multiple executive roles including vice president in both Perth and New Zealand.

    Recently, Jager completed a nine year stint as independent non-executive director with Air New Zealand.

    Beach energy share price snapshot

    The Beach Energy share price has slumped more than 34% in the past 12 months, falling around 31% this year to date.

    The company’s shares dropped 1.19% in the past month but have picked up more than 6% in the last week.

    The energy producer has a market capitalisation of about $2.8 billion.

    The post Why did the Beach Energy (ASX:BPT) share price lift today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Beach Energy right now?

    Before you consider Beach Energy , 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 Beach Energy 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 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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  • Why the Pointerra (ASX:3DP) share price rocketed 17% today

    a man sits on a rocket propelled office chair and flies high above a city

    The Pointerra Ltd’s (ASX:3DP) share price finished the day up 17% after coming out of a trading halt with the announcement of three new US contracts.

    The 3D geospatial data company resumed trading on the ASX this morning after requesting the halt on Friday with its share price frozen at 34.5 cents apiece.

    Pointerra shares shot to 44.5 cents just after open, gaining 29%, before ending the session at 40.5 cents apiece.

    Let’s take a closer look at what the company announced.

    What news did Pointerra release this morning?

    The company announced a series of contracts with both new and existing US energy utility customers this morning: Entergy Corporation (NYSE: ETR), Pacific Gas & Electric (NYSE: PCG), and Gulf Power, a division of NextEra Energy (NYSE: NEE).

    Pointerra touts itself as the world’s fastest end-to-end 3D data solutions company.

    The Entergy contract will bring in between US$2.37- $US4 million (A$3.29-$5.56 million) with the final sum to be determined in the coming weeks.

    Entergy is a US electricity producer and retail distributor but also operates natural gas distribution businesses in the US south. It has engaged Pointerra to help the company respond to damage to its network caused by Hurricane Ida in August.

    The Pacific Gas & Electric contract is for around US$0.70 million (A$0.97 million) to commence a ‘digital twin’ project. This involves mapping the US company’s assets in specific service areas over a 14 month period, starting 1 January 2022.

    Finally, the collaboration with Gulf Power for US$0.05 million (A$0.07 million) covers processing work on the company’s existing Pointerra3D platform.

    What does this mean for Pointerra?

    During Pointerra’s recent Managing Director’s presentation, the company announced it was expecting material growth in annual contract value (ACV) from a number of sectors.

    According to the presentation, the company’s previous ACV ran at US$11.7 million at the end of October.

    This reflected continued efforts to add new customers and generate spending among existing customers in surveying and mapping, utilities, transport, mining, and oil and gas in both the US and Australian markets. 

    The company said it is pushing to solve “sector-specific challenges” in “AEC, Transport, Mining, Oil & Gas and Defence during recent quarters” by 2022-23. It plans to do this by continuing to invest in new people, capabilities, product, and research and development.  

    How has the Pointerra share price been performing this year?

    The Pointerra share price has had a fairly volatile year, losing 23% of its value over the last 12 months and 20% year to date.

    These returns have lagged the benchmark S&P/ASX 200 Index (ASX: XJO) which is up more than 10% over the past year.

    The post Why the Pointerra (ASX:3DP) share price rocketed 17% today appeared first on The Motley Fool Australia.

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

    Before you consider Pointerra, 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 Pointerra 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 Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Pointerra Limited. The Motley Fool Australia has recommended Pointerra 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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  • 2 ASX shares with big dividend yields rated as buys

    two children dressed in business attire with joyous, wide-mouthed expressions count money at a desk covered in cash and sacks of money either side.

    Some ASX dividend shares are expected to pay large dividends over the next year and they are rated as buys by brokers.

    Businesses that have pretty high dividend payout ratios and reasonable valuations can offer investors large dividend yields.

    A business isn’t worth owning for income just because it pays a dividend, the outlook and price also needs to make sense.

    These two ASX dividend income shares could fit the requirements:

    Rio Tinto Limited (ASX: RIO)

    Rio Tinto is one of the biggest iron ore miners. It’s currently rated as a buy by a few different brokers including Citi.

    The broker reckons that Rio Tinto is going to pay a grossed-up dividend yield of 10.9% in FY22.

    The ASX dividend share is Citi’s favourite in the large mining sector. It has also noted the green initiatives that the business is pursuing so that it’s responsible for less emissions.

    Based on the FY22 estimated earnings, Rio Tinto is valued at 7x FY22’s projected bottom line.

    Rio Tinto continues to produce huge amounts of iron ore in Australia. Its quarterly update for the three months to September 2021 showed it produced 83.3mt, which was 4% lower than same quarter in 2020, but 10% higher than the second quarter of 2021.

    In the first nine months of 2021, it produced 235.6mt, which was 5% lower than the first nine months of 2020. It’s expecting Pilbara shipments to be in the range of 320mt to 325mt.

    Whilst the iron ore price has fallen significantly over the last few months, other commodities that it’s involved with are seeing high prices including aluminium and copper.

    HomeCo Daily Needs REIT (ASX: HDN)

    This business, as the name suggests, is a real estate investment trust (REIT) which owns a portfolio of predominately metro-located, convenience based properties across target sub-sectors of neighbourhood retail, large format retail and health and services.

    It’s currently rated as a buy by the broker Morgans, with a price target of $1.69. Morgans thinks the ASX dividend share could pay a yield of 5.5% in FY22.

    One of the reasons for the buy rating is the material upside seen with the merger with ASX share Aventus Group (ASX: AVN).

    This merger is expected to enhance the combined entity’s credit profile, improve the ability to access debt, increase rental profit per unit, provide a significant landbank located in key locations and there is an opportunity to accelerate the development pipeline.

    HomeCo Daily Needs REIT chair Simon Shakesheff said:

    We believe the merger is strategically and financially attractive for both HomeCo Daily Needs REIT and Aventus Group and consistent with HomeCo Daily Needs REIT’s objective to deliver stable and growing distributions. The increased scale and enhanced capability will allow the merged group to unlocked significant value that would not have been accessible on a standalone basis.

    The post 2 ASX shares with big dividend yields rated as buys appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Rio Tinto right now?

    Before you consider Rio Tinto, 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 Rio Tinto 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

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  • IAG (ASX:IAG) share price lifts despite NRMA suffering its worst spring ever

    a business person in a suit and tie directs a pointed finger upwards with a graphic of a rising bar graph and an arrow heading upwards in line with the person's finger.

    The Insurance Australia Group Ltd (ASX: IAG) share price had a blast on the ASX today despite news its subsidiary, NRMA Insurance, received a record number of home damage claims this spring.

    Around 10,000 NRMA customers living in NSW, Queensland, and the ACT turned to the insurer for funds after wild weather damaged their properties over the 3 months ended 31 November. Not to mention, there could be more to come.

    Despite the news, the IAG share price surged 2.36% on Tuesday, ending the session trading at $4.34.

    Let’s take a closer look at what last season brought the insurer.

    IAG share price surges despite wild weather impacts

    Over the last season, NRMA received 35% more home damage claims than it does in an average spring.

    Additionally, 66% of those claims were for damage caused by wild weather. Normally, wild weather only equates for 55% of springtime home insurance claims.

    NRMA Insurance executive manager of natural perils, Mark Leplastrier summed up some of the incredulous claims the insurer received last season:

    From flooding in central NSW and western QLD, to tornadoes and earthquakes hitting NSW and Victoria, as well as record rain and hail events across the east coast – it has been an ominous start to Storm Season.

    And the damage likely won’t end there. Leplastrier urged Australians to prepare for a wet and possibly wild summer:

    [W]ith a La Niña system now declared, we could be in for more wet weather over summer … it’s important that people start thinking about how they can protect their homes from thunderstorms and fast moving hailstorms.

    The warning comes 6 weeks after the IAG share price tumbled 7% on news that damage from severe weather events in October had cost the company more than it had allocated for natural perils. As a result, it raised its expected natural perils claims cost for financial year 2022 to around $1 billion.

    Right now, the company’s stock is trading for 8% less than it was at the start of 2021.

    The post IAG (ASX:IAG) share price lifts despite NRMA suffering its worst spring ever appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Insurance Australia Group right now?

    Before you consider Insurance Australia Group, 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 Insurance Australia Group 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

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    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 Insurance Australia 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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  • Here are the top 10 ASX shares today

    Top 10 asx shares today

    Today, the S&P/ASX 200 Index (ASX: XJO) steadily climbed after its early morning fall to finish the day relatively flat. At the end of the session, the benchmark index finished 0.01% lower at 7,378.4 points.

    Starting off with the not-so-good news — the consumer staples sector was hit hard today as some of its largest constituents fell after Woolworths Group Ltd (ASX: WOW) reported an underwhelming first half result due to COVID-19. In contrast, real estate shares provided some support for the Aussie index, rising 1.3%.

    However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

    Top 10 ASX shares countdown today

    Looking at the top 200 listed companies, Charter Hall Group (ASX: CHC) was the biggest gainer today. Shares in the integrated property group delivered another strong day of gains with its share price climbing 5.04% higher. The move follows a positive update from the property group yesterday. Find out more about Charter Hall Group here.

    The next biggest gaining ASX share today was Medibank Private Ltd (ASX: MPL). The private health insurance provider rose 3.59% despite there being no news from the company. Uncover the latest Medibank Private details here.

    Today’s top 10 biggest gains were made in these ASX shares:

    ASX-listed company Share price Price change
    Charter Hall Group (ASX: CHC) $21.90 5.04%
    Medibank Private Ltd (ASX: MPL) $3.46 3.59%
    Pro Medicus Ltd (ASX: PME) $60.13 3.32%
    Champion Iron Ltd (ASX: CIA) $5.03 3.29%
    ARB Corporation Ltd (ASX: ARB) $52.90 3.24%
    Breville Group Ltd (ASX: BRG) $30.71 2.85%
    Lynas Rare Earths Ltd (ASX: LYC) $9.27 2.66%
    NIB Holdings Ltd (ASX: NHF) $7.04 2.62%
    WiseTech Global Ltd (ASX: WTC) $55.36 2.50%
    Netwealth Group Ltd (ASX: NWL) $17.37 2.48%
    Data as at 4:00pm AEDT

    Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

    The post Here are the top 10 ASX shares today 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 owns Lynas Corporation Limited and Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Netwealth, Pro Medicus Ltd., and WiseTech Global. The Motley Fool Australia owns and has recommended Netwealth, Pro Medicus Ltd., and WiseTech Global. The Motley Fool Australia has recommended ARB Corporation Limited and NIB Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Could 2022 be a good year for the Treasury Wine (ASX:TWE) share price?

    A happy couple drinking red wine in a vineyard.

    The Treasury Wine Estates Ltd (ASX: TWE) share price has clawed its way back above $12 during this year.

    Shares in the Australian winemaker are commanding a $12.21 price tag, up 1.3% from its previous close. Although, much more impressive is the nearly 28% gain in the Treasury Wine share price since the start of the year. For context, the S&P/ASX 200 Index (ASX: XJO) is up 10.5% over the same period.

    After a shocking year in 2020 — falling 41% in value — the wine company has been rebounding strongly. The only question is: will the positive trend continue for its share price in 2022?

    What shape is Treasury Wine heading into 2022 in?

    Despite the disruptions caused by China’s introduction of tariffs on the company’s wine, Treasury Wine has managed well this year. The Australian winemaker pivoted its focus away from China and looked to expand its presence in other markets.

    In its FY21 results, net sales revenue slipped 3% to $2,569.6 million. However, net profit after tax inched 1.8% higher to $250 million. Not bad considering the company lost a substantial market due to import duties.

    Additionally, Treasury Wine’s balance sheet remains in reasonably good condition. At the end of June 2021, company debt was at ~$915 million, representing a debt to equity ratio of 25.5%.

    Typically a ratio below 40% is considered favourable. In addition, ASX-listed Treasury Wines counted ~$448 million worth of cash and cash equivalents at its disposal.

    However, it is important to note these figures are now different following the acquisition of Frank Family Vineyards in the United States. When announced in November, Treasury Wine stated the acquisition came at a cost of US$315 million in a combination of cash and debt.

    Is there upside in the Treasury Wine share price?

    Shareholders of ASX-listed Treasury Wine Estates have had a year worth celebrating in 2021. Yet, some analysts are expecting the good times to keep on rolling as we move into 2022.

    According to analysts at Citi, the winemaker’s shares could be worth $13.80 per share. This would suggest a further 12.8% upside to the Treasury Wine share price from here. The broker is banking on that a strong first quarter for the company’s US rival, Duckhorn Portfolio, would indicate a similarly strong result for the ASX-listed company.

    Sharing the same sentiment, Morgans has an add rating and a price target of $14.06 on Treasury Wine. The team believes the company will deliver strong earnings growth from the second half of FY22 onwards.

    The post Could 2022 be a good year for the Treasury Wine (ASX:TWE) share price? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Treasury Wine Estates right now?

    Before you consider Treasury Wine Estates, 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 Treasury Wine Estates 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 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 Treasury Wine Estates 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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  • Why Afterpay, Cardno, Mesoblast, and Woolworths shares are falling

    An arrow crashes through the ground as a businessman watches on.

    In late afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has battled hard and is on course to record a small gain. At the time of writing, the benchmark index is up 0.15% to 7,389.5 points.

    Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are falling:

    Afterpay Ltd (ASX: APT)

    The Afterpay share price is down 3.5% to $91.49. This follows another decline in the Square share price overnight, which impacts the value of its takeover approach. In related news, this morning shareholders voted in favour of the Square takeover. This means the deal now only requires approval from the Bank of Spain.

    Cardno Limited (ASX: CDD)

    The Cardno share price is down a massive 87.5% to 20.5 cents. This morning the infrastructure and environmental services company’s shares traded ex return of capital. Eligible shareholders can now look forward to receiving a return of $582 million or $1.49 per share. This comprises a capital return of $360 million or $0.92 per share and an unfranked dividend of $222 million or $0.57 per share.

    Mesoblast Limited (ASX: MSB)

    The Mesoblast share price has tumbled 16.5% to $1.42. Investors have been selling the allogeneic cellular medicines developer’s shares after Novartis terminated an agreement that could have been worth ~US$1.2 billion. The two parties were looking at Mesoblasts’ remestemcel-L as a treatment for acute respiratory distress syndrome (ARDS) due to COVID-19. However, Novartis bailed after some abject trial results.

    Woolworths Group Ltd (ASX: WOW)

    The Woolworths share price is down 7.5% to $37.59. This morning the retail conglomerate released an update on its performance during the first half of FY 2022. As you might have guessed from the share price reaction, that update wasn’t an overly positive one. Due largely to COVID costs, Woolworths’ Australian Food EBIT is expected to be $1,190 million to $1,220 million during the first half. This is down from $1,329 million a year earlier. In addition, the BIG W business is expected to post a big reduction in first half earnings.

    The post Why Afterpay, Cardno, Mesoblast, and Woolworths shares are falling appeared first on The Motley Fool Australia.

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    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 AFTERPAY T FPO. The Motley Fool Australia owns and has recommended AFTERPAY T FPO. 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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