Tag: Motley Fool

The ASX boards have welcomed a new listing this morning. No, it’s not exactly an IPO (initial price offering). But it is a new investment, an exchange-traded fund (ETF) to be precise. Yes, the ETFS Hydrogen ETF (ASX: HGEN) is now officially trading on the ASX share market.

As we covered yesterday, ETFS has now launched a hydrogen-focused ETF product, focusing on the emerging ‘hydrogen economy’.

Hydrogen is an element that forms a gas in its rare, pure form. However, it is abundant on earth in water (the H in H2O). Pure hydrogen is a powerful fuel (as the Hindenburg infamously discovered), and can be used to generate and store clean energy. As such, there is a lot of interest in hydrogen’s potential future applications, and its role in helping to mitigate the effects of climate change.

But until now, there was no ASX ETF that investors could turn to if they wanted exposure to some of the companies in this exciting space.

New Hydrogen ETF joins the ASX

No longer. The ETFS Hydrogen ETF has just floated on the ASX, meaning any investor can now buy shares, as they would with any other ETF or company.

So how has this new ETF performed so far on its first day of trading?

Well, HGEN units opened this morning at a price of $10.09. At the present time, they are up 0.3% to $10.12 a unit.

Not a spectacular debut in the leagues of some other recent ASX IPOs, but still a solid initial performance one could say.

So what kinds of companies does this new ETF invest in?

Well, according to the provider, this ETF is currently invested in a portfolio of 30 shares. These 30 companies are spread pretty evenly around the world. 27% of the holdings call the United Kingdom home, while another 26.3% do the same for the United States. South Korea is next up with an allocation of 17.1%, followed by Canada with 9.8%.

Here’s a list of HGEN’s current top 10 holdings:

1. Ballard Power Systems Inc (NYSE: BLDP) with a portfolio weighting of 8.5%
2. ITM Power plc (LON: ITM) with a weighting of 7.7%
3. Ceres Power Holdings plc (LON: CWR) with a weighting of 6.9%
4. Linde plc (NYSE: LIN) with a weighting of 4.8%
5. Johnson Matthey plc (LON: JMAT) with a weighting of 5.5%
6. McPhy Energy SAS (EPA: MCPHY) with a weighting of 1.4%
7. Luxfer Holdings plc (NYSE: LXFR) with a weighting of 1.4%
8. AFC Energy plc (LON: AFC) with a weighting of 1.2%
9. Xebec Adsorption Inc (TSE: XBC) with a weighting of 0.9%
10. Fusion Fuel Green plc  (NASDAQ: HTOO) with a weighting of 0.3%

The ETFS Hydrogen ETF tracks the Solactive Global Hydrogen ESG Index, which has delivered a performance of 40% over the past 12 months. HGEN charges a management fee of 0.69% per annum.

The post The ETFS Hydrogen ETF (ASX:HGEN) just debuted on the ASX. How is it going? appeared first on The Motley Fool Australia.

More reading

• Which ASX 300 shares are the biggest winners and losers on Thursday?
• Why has the Helloworld (ASX:HLO) share price leapt 12.5% in a week?
• Here’s why the Metalstech (ASX:MTC) share price is sliding on Thursday
• ARB Corporation (ASX:ARB) share price rises as stock goes ex-dividend
• Top brokers name 3 ASX shares to buy today

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/3DnkkTd

The S&P/ASX 300 Index (ASX: XKO) is climbing in afternoon trade, after moving in circles during the morning period.

At the time of writing, the ASX 300 is up 0.82% to 7,263.3 points. The index had fallen around 1% over the past 2 trading days. However, those losses have now been erased.

Let’s take a look at which ASX companies are leading the charge today.

Sezzle Inc (ASX: SZL)

At the time of writing, the Sezzle share price is rocketing 11.36% to $5.49, despite no news from the buy now, pay later (BNPL) company.

A reason for its shares accelerating could be that United States retail giant Target has announced the launch of a BNPL offering. Recently, the retailer partnered with Sezzle to entice customers with its affordable payment solutions.

The deal could have a huge impact on Sezzle’s bottom line. Target is the eighth largest retailer in the United States, with a network of more than 1,909 stores.

Novonix Ltd (ASX: NVX)

Also soaring today is the Novonix share price, currently up 7.72% to $5.30.

The lithium company’s shares had suffered heavy losses since the begging of October, but seem to have reached a support level.

Investors could be taking advantage of the recent share price weaknesses.

In the past week, Novonix shares fell by more than 20%, hitting a monthly low of $4.92 yesterday.

Super Retail Group Ltd (ASX: SUL)

Another strong performer on the ASX 300 so far today is the Super Retail share price, which is up 7.31% to $12.33.

The retail conglomerate’s shares have risen on the back of a positive broker note from Swiss investment firm, UBS.

Its analysts upgraded the company’s outlook to “buy” from a “neutral” rating. UBS said it is confident that spending in the retail sector will pick up towards the Christmas holiday season.

As such, the broker put a 12-month price target of $13.50 on Super Retail’s shares. Based on the current share price, this implies an upside of about 10% on UBS’ estimate.

And which ASX 300 companies are heading south?

Yancoal Australia Ltd (ASX: YAL)

Sinking today is the Yancoal share price, down 9.25% to $3.63 apiece.

The Australian energy company hasn’t provided any price-sensitive news to the market, but its shares have tumbled. It joins a number of ASX energy sector companies slipping into the red today.

Yancoal shares touched the $4 mark at market close on Wednesday, reflecting a 40% gain for the week.

Whitehaven Coal Ltd (ASX: WHC)

Also sliding on the ASX 300 today is the Whitehaven share price, down by 8.08% to $3.30.

The Australian-based coal miner’s shares have risen strongly since the middle of May, up roughly 180%. Underpinning the share price gains is the surging price for coking coal which is trading at US$230 a tonne.

It’s also worth noting that Whitehaven shares were trading at a 52-week high of $3.64 yesterday.

The post Which ASX 300 shares are the biggest winners and losers on Thursday? appeared first on The Motley Fool Australia.

More reading

• Why Collins Foods, Pilbara Minerals, Sezzle, & Super Retail are pushing higher
• Why the Whitehaven Coal (ASX:WHC) share price is slumping 7% today
• ASX 200 (ASX:XJO) midday update: Pilbara Minerals jumps, Whitehaven Coal sinks
• Top broker upgrades the Super Retail (ASX:SUL) share price to buy
• Why the Sezzle (ASX:SZL) share price is storming 9% higher on Thursday

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 Super Retail Group Limited. The Motley Fool Australia owns shares of and has recommended Super Retail 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/3iEzhIi

The Helloworld Travel Ltd (ASX: HLO) share price has taken off over the last week despite no news having been released by the company.

However, the company’s stock’s surge came amid a barrage of good news for the travel industry.

At the time of writing, the Helloworld share price is $2.88, 0.69% lower than its previous close but 12.5% higher than it was this time last week.

Let’s take a closer look at what might have driven positive sentiment in the Helloworld share price, and the entire travel sector, over the last 5 trading days.  

Helloworld share price surges 12.5%

The Helloworld share price has taken off over the last week despite the company’s silence.

However, it might be being boosting by exciting news from the Prime Minister.

On Friday, Prime Minister Scott Morrison announced Australia’s international borders will begin to open to vaccinated travellers from November.

That means, for the first time since March 2021, vaccinated Australians will be able to travel freely in and out of the country. Though, only states that allow home quarantine will be able to receive incoming travellers.

In what may have been a reaction to the news, the Helloworld share price soared 5.4% on Friday. It then gained another 14.8% on Monday.

It’s unclear as to which states will begin offering Australians the ability to isolate at home. Previously, both South Australia and New South Wales have completed successful home quarantine trials.

Additionally, as ABC News has reported, Queensland is set to begin a home quarantine trial next week. Up to 1,000 Queenslanders from the state’s Southeast region will reportedly be able to return from interstate COVID-19 hotspots, beginning on 11 October.

While vaccinated travellers may soon be able to quarantine at home for 7 days upon arriving in Australia, non-vaccinated travellers will still face 14 days of managed quarantine.

On that note, Australia’s vaccine rollout passed a major milestone yesterday. Now, over 80% of all Australians have had at least one jab.

How has the broader travel sector performed this week?

Perhaps unsurprisingly, the Helloworld share price isn’t alone in its gains this week. Shares in fellow online travel agent, Flight Centre Travel Group Ltd (ASX: FLT) have surged 7.6% over the last week.

Though, not all are sharing in the gains. The Webjet Limited (ASX: WEB) share price has slid 0.2% over the last 7 days. Meanwhile, that of Qantas Airways Limited (ASX: QAN) has dropped 1.2%.  

The post Why has the Helloworld (ASX:HLO) share price leapt 12.5% in a week? appeared first on The Motley Fool Australia.

More reading

• Why ASX 200 travel shares are having a bumper day
• The Helloworld (ASX:HLO) share price is up 36% in a month. Here’s why

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 shares of and has recommended Helloworld Limited. The Motley Fool Australia owns shares of and has recommended Helloworld Limited and Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel 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/3Dh7O7B

The Metalstech Ltd (ASX: MTC) share price is taking a hit today and is now sliding 4% into the red at 61 cents at the time of writing.

Metalstech shares are edging lower today despite the company providing a key update to its “bonanza gold hit” at its Sturec mine in Slovakia.

Here’s what we know.

What did Metalstech announce?

The company provided an “upward revision” of its previously announced gold strike at the Sturec site.

In that release, Metalstech noted that it had intersected thick, mineralised zones for 622 grams-metres, including high-grade zones.

The company believes the find is so significant, it labelled it a new “bonanza” result at the time – interesting terminology for a publicly listed entity.

Alas, the results from drill hole UGA-18 have been updated after the company received screen assay results from visible gold samples obtained from its diamond drilling program.

The outcomes return “an improved 646g/t Au result”, up from a previous estimate of 594g/t Au, whilst overlimits analysis for silver returned a 459g/t Ag result.

As such, the company advised it intersected a thick, continuous mineralised zone for an “extraordinary 673 grams-metres, including higher-grade zones” – up from 622 in the previous announcement.

Metalstech does leave a cautionary note regarding its specific drill results, that state the intersections are “not a true thickness, as the drill hole was drilled at an angle to the mineralised zones” due to underground drill sites.

Today’s release builds on three prior announcements out of Metalstech’s camp in the past few weeks, each centred on the mineralisation finds at Sturec.

Investors have rewarded the company on this backdrop, and the Metalstech share price has soared around 135% from 26 cents in early September.

Despite today’s announcement, investors don’t appear too impressed by the updates. The Metalstech share price has also come off its 52-week high of 70 cents on October 4 – the date of its last release. That’s a 13% drop in just a few days.

This follows selling pressures from Wednesday, where the company announced an update on a key investment into its lithium spinout vehicle, Winsome Resources (ASX: WR1).

And the selling pressures continue today, with the gold exploration company’s shares edging lower across the day, down from an intraday high of 67.5 cents in early trade.

Metalstech share price snapshot

Zooming out, the picture is far brighter, as the Metalstech share price has climbed 198% this year to date, and over 276% this past 12 months.

Metalstech shares have also rallied 118% this past month alone, and are up 8% in the past week.

These results outpace the S&P/ASX 200 index (ASX: XJO)’s climb of around 25% in the last year.

The post Here’s why the Metalstech (ASX:MTC) share price is sliding on Thursday appeared first on The Motley Fool Australia.

More reading

• Why is the Metalstech (ASX:MTC) share price sliding 8% on Wednesday?
• Metalstech (ASX:MTC) share price soars 17% on record gold hit
• Why the Metalstech (ASX:MTC) share price hit a record high today
• Why the Metalstech (ASX:MTC) share price is rocketing 26% higher today
• Metalstech (ASX:MTC) share price leaps 7% on drilling update

The author Zach Bristow 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/3mNipRh

The ARB Corporation Limited (ASX: ARB) share price is pushing upwards on Thursday, slightly rebounding from its 9% losses last month. This comes despite the 4×4 accessories company not releasing any market-sensitive news today.

At the time of writing, ARB shares are up 2.08% to $47.02 apiece.

ARB shares go ex-dividend

While the company hasn’t provided the ASX with any fresh news, investors are buying up ARB shares regardless of the stock going ex-dividend.

Investors need to buy shares before the ex-dividend date to be paid the dividend. Historically, when a company reaches its ex-dividend day, its shares tend to fall in proportion to the dividend paid out.

However, a possible catalyst for the rising ARB share price could be that the S&P/ASX 200 Index (ASX: XJO) is steaming ahead. As such, the benchmark index is up 0.60% to 7,250 points, rubbing out yesterday’s 0.58% decline.

What does this mean for ARB shareholders?

For those who are eligible for the ARB’s final dividend, shareholders will receive a payment of 39 cents per share on 22 October. The dividend is also fully franked which means shareholders can expect to receive tax credits from this.

Investors who elect for the dividend reinvestment plan (DRP) will see a 2% discount applied to the volume-weighted average price. This is for the 5 trading days subsequent to, and inclusive of, the ex-dividend date period.

The last election date for shareholders to opt-in to the DRP is 13 October.

ARB share price summary

It has been a strong year for the ARB share price, which is trekking around 50% higher for both 2021 and in the last 12 months. The company’s shares are around 13% lower than their all-time high of $54.46 reached in late August.

Based on today’s price, ARB commands a market capitalisation of roughly $3.85 billion, and has approximately 81.5 million shares outstanding.

The post ARB Corporation (ASX:ARB) share price rises as stock goes ex-dividend appeared first on The Motley Fool Australia.

More reading

• These ASX shares are surging on the back of key Aussie lifestyle trends
• Top brokers name 3 ASX shares to buy today

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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended ARB Corporation 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/2YlMKO6

Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Baby Bunting Group Ltd (ASX: BBN)

According to a note out of Citi, its analysts have retained their buy rating and lifted their price target on this baby products retailer’s shares to $6.11. This follows the release of a trading update at its annual general meeting this week. The broker was pleased with Baby Bunting’s update and particularly the progress it is making with its exclusive and private label sales. These are nearing target levels well ahead of expectations. Citi was also pleasantly surprised with its gross margin. The Baby Bunting share price is trading at $5.49 this afternoon.

Magellan Financial Group Ltd (ASX: MFG)

A note out of Macquarie reveals that its analysts have upgraded this fund manager’s shares to an outperform rating but cut the price target on them to $38.00. Macquarie made the move on valuation grounds following a significant de-rating. And while the broker believes that fund flows are likely to remain under pressure for the rest of FY 2022, it feels its shares are too cheap to ignore now. Especially given the potential for a dividend yield of ~7% this financial year. The Magellan share price is fetching $32.06 on Thursday.

Sonic Healthcare Limited (ASX: SHL)

Analysts at Morgan Stanley have retained their overweight rating and $45.50 price target on this healthcare company’s shares. According to the note, the broker has been looking at the performance of European peer Synlab. It notes that Synlab has increased its guidance to reflect higher COVID-19 testing demand. Given the similarities, the broker suspects that Sonic could be benefitting as well. It feels this creates upside risk to revenue and earnings forecasts. The Sonic share price is trading at $40.23 today.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

• Why A2 Milk, CBA, Flight Centre, & Magellan’s shares are sinking
• Why Afterpay, Austal, Baby Bunting, & Nick Scali shares are storming higher
• The Magellan (ASX:MFG) share price is in focus on $1.5 billion FUM outflow
• Why this broker just upgraded the Baby Bunting (ASX:BBN) share price to buy
• Baby Bunting (ASX:BBN) share price drops following trading update

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 Baby Bunting and Sonic Healthcare 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/3Fr9TQn

It is a volatile day on the market for the Deep Yellow Limited (ASX: DYL) share price on Thursday.

At the time of writing, shares in the uranium exploration company are down 2.19% to 90 cents. However, the company’s shares touched 86.5 cents earlier in the session, representing a fall of 5.5%.

While the share price is moving lower, traded volume is above average. Heading into lunchtime, more than 2 million Deep Yellow shares have exchanged hands. For comparison, over the past 4 weeks, an average day saw a trading volume of around 3.7 million shares.

A closer look at the Deep Yellow share price

Deep Yellow investors are applying selling pressure today, as the Namibian-focused uranium explorer continues a 20-day long rout. Over this timeframe, the Deep Yellow share price has retreated 35%. This is in tandem with a deepening fallout in the price per pound of the alternative energy resource.

Impacting the perceived value in uranium miners, the energy-dense resource has tumbled around 18% to US$40.45. Although, it is important to give this context. While the recent trend has been downward, the price per pound of uranium is still up 36% from a year ago.

Meanwhile, Deep Yellow is not alone in its poor performance today. Other uranium explorers/miners that are also struggling include Peninsula Energy Ltd (ASX: PEN), 92 Energy Ltd (ASX: 92E), and Bannerman Energy Ltd (ASX: BMN).

Likewise, the Deep Yellow share price remains in the figurative stratosphere compared to this time last year. Over this duration, shareholders have seen the value of their holdings increase nearly threefold.

Recent activity

Interestingly, investor sentiment was not improved following Tuesday’s update revealing a major ore reserve milestone. According to the release, the company completed its resource drilling across the Tumas Project.

From this data, Deep Yellow discerned its ore reserve estimates should be increased by 121%. As a result, the company now believes its project contains 68.4 million pounds of probable ore reserves.

However, the Deep Yellow share price has been unsuccessful in regaining traction since the announcement.

The post What’s going on with the Deep Yellow (ASX:DYL) share price today? appeared first on The Motley Fool Australia.

More reading

• Deep Yellow (ASX:DYL) share price slides 4% despite major ore reserve milestone
• How did ASX uranium shares perform in September?
• A sea of red for ASX uranium shares. Is the run over?
• Are ASX uranium shares fully valued?
• Why the Deep Yellow (ASX:DYL) share price is tanking 18% today

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.

from The Motley Fool Australia https://ift.tt/3ajCW9S

S&P/ASX 200 Index (ASX: XJO) energy shares retreated on Thursday as oil prices fell sharply overnight.

Western Texas Intermediate tumbled US$2.8 or 3.5% overnight from intraday highs of US$79.76 to US$76.91 a barrel. The global benchmark, Brent crude, briefly hit 3-year highs of US$83.45 a barrel before closing the session 3.15% lower at US$80.82.

ASX 200 energy shares and oil prices retreat

The S&P/ASX Energy (INDEXASX: XEJ) index is down 1.02% on Thursday, despite every other sector sitting in positive territory.

The Woodside Petroleum Limited (ASX: WPL) share price is down 0.36% to $24.94.

The Oil Search Ltd (ASX: OSH) share price is down 1.32% to $4.49.

Santos Ltd (ASX: STO) is the biggest loser today down 1.75% to $7.30.

While Beach Energy Ltd (ASX: BPT) is also down 1.61% to $1.40.

Despite a small pullback today, the ASX energy index is up 2.06% in the last five days and up 16.7% in the last month.

What’s next for oil?

Market participants are bullish on the near-term outlook for oil amid rising demand and tightening supply, according to S&P Global.

Oil prices jumped this week after the Organisation of the Petroleum Exporting Countries and allies, known as OPEC+ reaffirmed its existing plan to increase output by 400,000 barrels a day every month until at least April 2022.

Market participants were expecting an increase given supply-tight conditions and an ongoing energy crisis in Europe and China.

Another tailwind for oil was raised by analysts at Australia and New Zealand Banking Group Ltd (ASX: ANZ). Its report said that the recent jump in LNG and coal prices could encourage industrial and power generation sectors to switch to oil instead.

S&P Global said that the market will look at the United States Energy Information Administration (EIA) report due for release on 6 October for “further pricing cues”.

The post ASX 200 energy shares pullback as oil prices take a breather appeared first on The Motley Fool Australia.

More reading

• Why has the Beach Energy (ASX:BPT) share price rallied 33% in a month?
• Top broker sees 16% upside for the Woodside (ASX:WPL) share price
• 5 things to watch on the ASX 200 on Thursday
• Here are the 3 most heavily traded ASX 200 shares this Wednesday
• Top broker names 2 of the best ASX shares to buy in October

Motley Fool contributor Kerry Sun 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/2Yv5Bqc

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price will be one to watch later this month.

On 28 October, the banking giant is scheduled to release its full year results for FY 2021.

Ahead of the release, I thought I would look to see what the market is expecting the bank.

What should you expect from ANZ in FY 2021?

According to a note out of Bell Potter, its analysts are expecting ANZ to report a big rebound in its profits in FY 2021.

The broker is forecasting statutory profit of $5.78 billion and a cash profit of $5.82 billion for the 12 months. This represents an increase of 61.6% and 55%, respectively, over the prior corresponding period.

From this, Bell Potter is expecting a fully franked final dividend of 70 cents per share. This will bring its full year dividend to $1.40 per share, which is more than double the COVID-impacted dividend of FY 2020.

Bell Potter commented: “Overall changes include lower net interest income (2% lower, mainly due to lower volumes and despite a 1bp increase in NIM in 2H21 from good NIM management) and lower other banking income (18% lower mainly from institutional banking although there was a gain of around 12% in 2H21) offset by lower operating expenses (the bank continues to manage costs relatively well, down from $4.78bn in 2H20 to $4.48bn in 1H21 and a forecast of $4.23bn in 2H21) plus a benefit in credit impairment charge in the first half of $0.49bn and back to an expense of $74m in 2H21 (as the industry further normalises).”

Is the ANZ share price good value?

Bell Potter sees a lot of value in the ANZ share price at the current level. Its analysts have a buy rating and $31.00 price target on its shares.

Based on the latest ANZ share price of $27.76, this implies potential upside of almost 12% over the next 12 months.

And that doesn’t include dividends. Bell Potter expects ANZ to lift its dividend to $1.45 per share in FY 2022. This represents an attractive 5.2% dividend yield, bringing the total potential return to approximately 17%.

The post What to expect from the ANZ (ASX:ANZ) FY 2021 result this month appeared first on The Motley Fool Australia.

More reading

• What happened for the ANZ share price in the FY22 first quarter?
• ASX 200 bank shares fall flat amid flurry of new regulations
• Why the ANZ (ASX:ANZ) share price has lagged the ASX 200
• 5 things to watch on the ASX 200 on Monday
• How does the Westpac (ASX:WBC) dividend compare to the banking sector?

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/3oMM4wa

The Australasian Gold Ltd (ASX: A8G) share price has taken off over its last 2 sessions on the ASX.

At the time of writing, the Australasian Gold share price is 45 cents. That’s 5.88% higher than it was at its previous close and 13.9% higher than it was at Tuesday’s close.

Australasian Gold’s stock price surge was spurred by news the CSIRO will assist in the company’s lithium exploration program. The program is attempting to strike lithium at the company’s Mt Peake Pegmatite Field.

Let’s take a closer look at the latest news from the gold miner turned lithium explorer.

CSIRO on board for lithium exploration

The Australasian Gold share price has surged around 14% over 2 days on the back of a new partnership.

The company has paired up with the CSIRO through the science agency’s Kick-Start Program.

Under the program, the CSIRO will fund 50% of the lithium exploration undertaken at the Mt Peake Pegmatite Field. The project has an initial budget of $100,000.

The exploration program will use the CSIRO’s cutting-edge exploration techniques. That means Australasian Gold will have access to the institution’s optical, thermal, and geophysical remote sensing data analysis. It will also be able to use the CSIRO’s interpretation workflows and instrumental equipment.

Australasian Gold hopes the agency’s help will mean it finds the project’s most prospective areas quicker than it otherwise would.

The CSIRO will also benefit from the exploration program. It will use feedback from Australasian Gold to further fine-tune its exploration research.

CSIRO will begin aiding the company’s exploration program straight away.

Commentary from management

Australasian Gold’s managing director Dr Qingtao Zeng commented on the news that’s been moving the company’s share price over the last 2 days, saying:

CSIRO are true innovators with cutting-edge equipment and knowledge learned from previous lithium exploration research. We are very excited to put these techniques to the test at our Mt Peake Li pegmatite project and in return we will be assisting with the ongoing refinement of the CSIRO’s spectral sensing techniques used for future lithium exploration.

Australasian Gold share price snapshot

The Australasian Gold share price’s recent gains have added to its already strong performance.

The company’s stock’s value has increased by 164% since it debuted on the ASX in May 2021.

The post Why has the Australasian Gold (ASX:A8G) share price gained 14% in 2 days? appeared first on The Motley Fool Australia.

More reading

• Australasian Gold (ASX:A8G) share price explodes 65% on project updates
• Australasian Gold (ASX:A8G) share price explodes 80% higher before being halted, then resumed

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/3agPE9r