Tag: Motley Fool

The Vanguard Australian Shares Index ETF (ASX: VAS) has been struggling over the month of September so far. Even though it’s only 14 September today, already this ASX exchange-traded fund (ETF) has lost around 0.58% over the month to date.

VAS is the ASX’s most popular ETF. It is run by the reputable Vanguard Group, which is not-for-profit. It currently has more than $9 billion in funds under management, and tracks the S&P/ASX 300 Index (ASX: XKO). The ASX 300 covers the 300 largest ASX shares by market capitalisation.

With such a broad slice of the Australian market, many investors use VAS as an easy way to get a piece of the entire ASX in their share portfolios.

But since VAS faithfully tracks the ASX 300, warts and all, its performance over September so far reflects that of the benchmark index itself. So it’s no surprise to see that the ASX 300 is also marginally down over this month so far.

So why has VAS been struggling in September? Well, if VAS and the ASS 300 are struggling, it almost certainly means that at least some of their mutual major constituents are also struggling.

Which ASX 300 shares have been weighing VAS down?

So let’s dig a little deeper. Vanguard tells us that the current top 5 shares in VAS are as follows:

1. Commonwealth Bank of Australia (ASX: CBA) with a weighting of 8.24%
2. BHP Group Ltd (ASX: BHP) with a weighting of 7.35%
3. CSL Limited (ASX: CSL) with a weighting of 6.13%
4. Westpac Banking Corp (ASX: WBC) with a weighting of 4.19%
5. and National Australia Bank Ltd (ASX: NAB) with a weighting of 3.98%

So let’s see how these ASX blue chip shares have performed over September so far.

CBA shares have spent the month to date on quite a roll. This ASX bank is up 1.31% since 31 August.

In contrast, BHP has certainly had a month to forget so far. The Big Australian has lost a nasty 8.33% since the start of the month.

CSL has also had a rough start to Spring. It’s down around 3.7% over September thus far.

Westpac shares have also declined the invitation to CBA’s party. This ASX bank has gone backwards by roughly 0.43% since 31 August.

However, NAB shares did get an invite, it seems. NAB has managed to add around 1.51% since the start of the month.

So, it looks as though VAS investors can largely blame BHP, CSL and maybe Westpac for the struggles that this ETF has seen over September so far. But then again, we’re only roughly halfway through the month, so who knows what the second half will bring for the Vanguard Australian Shares Index ETF.

The post Why is the VAS (ASX:VAS) share price struggling in September? appeared first on The Motley Fool Australia.

More reading

• The latest ASX 200 mining shares to get hit by broker downgrade
• How have these ASX 200 iron ore shares performed since reporting results?
• BHP (ASX:BHP) share price lifts following climate action plan release
• The CBA (ASX:CBA) share price is underperforming its big four peers today
• ASX 200 (ASX:XJO) midday update: Westpac asset sale blocked, Zip crypto update

Motley Fool contributor Sebastian Bowen owns shares of National Australia Bank Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. 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/3EpFmls

The Woodside Petroleum Limited (ASX: WPL) share price is booming on Tuesday, up 5.82% to $20.73.

What’s driving the Woodside share price?

Oil prices jump overnight

Oil prices posted strong gains overnight with crude oil rallying 2.63% to US$70.35/barrel.

The uptick in oil prices is driving broad-based buying across the energy sector with the S&P/ASX 200 Energy (INDEXASX: XEJ) index up 4.02%.

Woodside share price peers Oil Search Ltd (ASX: OSH), Santos Ltd (ASX: STO) and Beach Energy Ltd (ASX: BPT) are also rallying, up 4.95%, 4.38% and 7.21% respectively.

OPEC monthly oil market report

OPEC’s monthly oil market report covers major issues affecting the oil market and provides an outlook for crude oil market developments.

OPEC released its report overnight, revealing a more bullish view of the global economy and oil demand.

It upgraded its global oil forecasts, citing that oil demand will exceed pre-pandemic levels in 2022.

In 2022, oil demand is expected to robustly grow by around 4.2 mb/d, some 0.9 mb/d higher compared to last month’s assessment. Revisions were driven by both the OECD and non-OECD, as the recovery in various fuels is expected to be stronger than anticipated and further supported by a steady economic outlook in all regions. Oil demand in 2022 is now projected to reach 100.8 mb/d, exceeding prepandemic levels.

In anticipation of increased demand, OPEC and its allies agreed to steadily increase production.

OPEC and non-OPEC participating countries in the Declaration of Cooperation (DoC) have agreed to adjust upward their overall production by 0.4 mb/d on a monthly basis starting August 2021. Several other non-OPEC producers also raised their production in July.

Woodside share price snapshot

The Woodside share price is down 9% year-to-date despite oil prices trading well above pre-COVID levels.

The post Why the Woodside (ASX:WPL) share price is leaping 6% today appeared first on The Motley Fool Australia.

More reading

• Why Adairs, Beach, Catapult, & Myer shares are charging higher
• Which ASX 300 shares are the biggest winners and losers today?
• ASX 200 energy shares are leading the market on Tuesday
• Santos (ASX:STO) share price rallies 5% on bullish OPEC oil outlook
• ASX 200 (ASX:XJO) midday update: Westpac asset sale blocked, Zip crypto update

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/3hwLr5z

The Bubs Australia Ltd (ASX: BUB) share price has plummeted this month despite the company’s United States launch date fast approaching.

Bubs announced its plans to launch in the US back in June, with its products set to hit North America’s virtual shelves this month.

However, despite the anticipated international launch, the Bubs share price has slid a massive 8.8% since its first close of September.

The formula products will be launched on both Walmart‘s (NYSE: WMT) and Amazon‘s (NASDAQ: AMZN) online stores. While the products can already be found on Amazon.com, it seems they aren’t available for purchase on either of the sites yet.

Right now, the Bubs share price is 39 cents, having gained 1.3% today.

Let’s take a closer look at Bubs’ upcoming US launch.

Bubs’ US launch is imminent

The Bubs Australia share price has had a rough start to the month despite the company’s imminent overseas launch.

Two of the company’s products will soon be available to be purchased by US consumers. They are both from the company’s Aussie Bubs range of toddler formulas. One is a goat milk-based product and the other is a cow milk-based product.

In its financial year 2021 results presentation, Bubs reported its first shipment of products destined for the online retailing megaliths had cleared US customs and was found to be compliant with US Food and Drug Administration labelling standards.

In anticipation of the launch, Bubs Australia has created a North American subsidiary named Aussie Bubs Inc. Aussie Bubs Inc is based in northern California and will spearhead the company’s US marketing.

However, the excitement surrounding the international launch hasn’t transferred to the company’s share price.

Bubs share price snapshot

The dip experienced by the Bubs share price in September has added to its poor year’s performance.

Right now, the company’s share price is 35% lower than it was at the start of 2021. It has also fallen 50% since this time last year.

The post Bubs (ASX:BUB) share price down 9% in September despite upcoming US launch appeared first on The Motley Fool Australia.

More reading

• Why Bubs, Harvey Norman, Mesoblast, & Regis shares are dropping
• Bubs (ASX:BUB) share price sinks 7% after posting $74.7 million loss
• Why the Bubs (ASX:BUB) share price is zooming 7% higher today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Amazon. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool Australia has recommended Amazon and BUBS AUST FPO. 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/394JwRd

On Monday I looked at three ASX shares brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below. Here’s why these brokers are bearish on these ASX shares:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

According to a note out of Citi, its analysts have retained their sell rating and $28.00 price target on this banking giant’s shares. The broker has been looking at recent APRA data, which appears to indicate a sharp contraction in the bank’s mortgage book. Citi notes that this underperformance has been apparent for a number of years and believes it is being driven by a number of issues internally. And while the ANZ share price has fallen to its price target, it isn’t in a rush to change its rating. This is due to the belief that there are better options elsewhere in the sector. The ANZ share price is trading at $27.69.

Fortescue Metals Group Limited (ASX: FMG)

A note out of Goldman Sachs reveals that its analysts have retained their sell rating and $28.00 price target on this mining giant’s shares. The broker notes that Fortescue has the most ambitious decarbonisation goals of all the global miners. The broker believes it could cost over US$7 billion to decarbonise the estimated ~2.9Mt of CO2 greenhouse gas emissions from its Pilbara iron ore operations by 2030. Outside this, the broker feels its peers trade on more attractive valuations and has concerns over the widening discount of lower grade iron ore. The Fortescue share price is fetching $18.10 on Tuesday.

Zip Co Ltd (ASX: Z1P)

Analysts at Macquarie have retained their underperform rating and cut their price target on this buy now pay later (BNPL) provider’s shares to $5.70. According to the note, the broker has concerns of elevated bad debts, slowing customer growth, and softer web traffic. It also notes that this comes at a time when Zip will soon be cycling very strong months from the second quarter of FY 2021. The Zip share price is trading at $6.92 today.

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

More reading

• The latest ASX 200 mining shares to get hit by broker downgrade
• How have these ASX 200 iron ore shares performed since reporting results?
• The CBA (ASX:CBA) share price is underperforming its big four peers today
• ASX 200 (ASX:XJO) midday update: Westpac asset sale blocked, Zip crypto update
• Fortescue (ASX:FMG) share price struggles amid new production curbs in China

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

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

in afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has fought back from an earlier decline and is pushing higher. At the time of writing, the benchmark index is up 0.2% to 7,438.9 points.

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

Adairs Ltd (ASX: ADH)

The Adairs share price is up 5% to $3.88. Investors have been buying the furniture and homewares retailer’s shares after it was the subject of a bullish broker note out of UBS. According to the note, the broker has retained its buy rating and lifted its price target by 23% to $5.40. The broker believes the company is well-placed for growth over the coming years.

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is up 7% to $1.11. Investors have been buying Beach and other energy shares on Tuesday after the oil price climbed to a one-week high. This has led to the S&P/ASX 200 Energy sector rising by a solid 4% this afternoon.

Catapult Group International Ltd (ASX: CAT)

The Catapult share price is up 2.5% to $1.90. This follows the announcement of a multi-year deal with German football club VfB Stuttgart. The leading Bundesliga team has subscribed to Catapult’s wearable solution for performance insights – Vector. This follows a deal with the football club in July for the company’s MatchTracker and Focus solutions.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is up 4.5% to 51.7 cents. Investors appear to be buying this department store operator’s shares in anticipation of a strong full year result this week. Last month Myer revealed that it expects to report a 5.5% increase in sales and a net profit after tax between $47 million and $50 million. This compares to a loss of $11.3 million in FY 2020 and a profit of $33.2 million in FY 2019.

The post Why Adairs, Beach, Catapult, & Myer shares are charging higher appeared first on The Motley Fool Australia.

More reading

• Which ASX 300 shares are the biggest winners and losers today?
• ASX 200 (ASX:XJO) midday update: Westpac asset sale blocked, Zip crypto update
• 5 things to watch on the ASX 200 on Tuesday
• 4 ASX shares just got a massive boost
• Dividends galore! 10 ASX shares trading ex-dividend on Wednesday

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 shares of and has recommended Catapult Group International Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO and Catapult Group International Ltd. 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/3AdVKCX

Mining shares on the  S&P/ASX 200 Index (Index:^AXJO) are starting to find their feet again but some just got hit by a broker downgrade.

China’s move to put downward pressure on commodity prices and worries about economic slowdown from the COVID-19 delta variant triggered the recent sell-off in ASX mining shares.

But these concerns have taken a backseat today with the sector outperforming the broader market.

Iron ore downgrade weighs on ASX 200 mining shares

Nonetheless, JPMorgan have lowered it iron ore price forecast after noting that China’s steel output for July fell 8.4% year-on-year. The downtrend continued into August.

“After hovering around $220/t for most of Jun/Jul, iron ore has corrected to ~$130/t,” said the broker.

“The significant change in sentiment, combined with lower Chinese steel output has led us to cut our 2021/22 forecasts from $181/150/t to $165/125/t (-9%/-17%).”

Earnings cuts will hurt some more than others

The lower iron ore price assumption led JPMorgan to lower its earnings forecast for ASX iron ore shares by 10% to 35%.

This means a lower valuation for the BHP Group Ltd (ASX: BHP) share price, Rio Tinto Limited (ASX: RIO) share price and Fortescue Metals Group Limited (ASX: FMG) share price.

But it’s the Mineral Resources Limited (ASX: MIN) share price that has come out worst for wear. This is because Mineral Resources was the only one that JPMorgan downgraded to “neutral”.

Another ASX 200 mining share to get downgraded

This isn’t the only ASX 200 mining shares to get downgraded by the broker. The OZ Minerals Limited (ASX: OZL) share price was also cut to “neutral” as the copper producer’s valuation is looking stretched.

The OZ Minerals share price has surged around 70% over the past year when the ASX 200 rallied a more modest 26%.

Even fellow copper miner Sandfire Resources Ltd’s (ASX: SFR) share price couldn’t keep up as it notched a gain of around 40%.

Best ASX 200 shares to buy

But if you are wondering which ASX 200 mining shares you should be buying in the current environment, JPMorgan has a few suggestions.

One that is rated among its top picks is the BlueScope Steel Limited (ASX: BSL) share price. The dour outlook for iron ore is good news for steel producers as their input costs are falling.

Another hot ASX mining share to buy is the South32 Ltd (ASX: S32) share price.

“Aluminium and alumina price strength, along with a bounce in met coal sees a 38% FY22 earnings upgrade for S32,” explained JPMorgan.

The easy pickings in the sector may be gone, but there’s value to be found despite the commodity price volatility.

The post The latest ASX 200 mining shares to get hit by broker downgrade appeared first on The Motley Fool Australia.

More reading

• How have these ASX 200 iron ore shares performed since reporting results?
• BHP (ASX:BHP) share price lifts following climate action plan release
• The CBA (ASX:CBA) share price is underperforming its big four peers today
• ASX 200 (ASX:XJO) midday update: Westpac asset sale blocked, Zip crypto update
• Fortescue (ASX:FMG) share price struggles amid new production curbs in China

Motley Fool contributor Brendon Lau owns shares of BHP Billiton Limited, Fortescue Metals Group Limited, OZ Minerals Limited, Rio Tinto Ltd., Sandfire Resources NL, and South32 Ltd. 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/3llFvNX

The Rhythm Biosciences Ltd (ASX: RHY) share price is pushing higher on Tuesday.

In afternoon trade, the predictive diagnostics company’s shares are up 8.5% to $1.14.

Why is the Rhythm Biosciences share price racing higher?

Investors have been bidding the Rhythm Biosciences share price higher today after the release of a positive update.

According to the release, the Therapeutic Goods Administration (TGA) has formally accepted Rhythm’s manufacturers evidence documentation. This documentation is required for the approval of its ColoSTAT product in Australia and completes the first step for regulatory approval in the country.

ColoSTAT is aimed to be a globally marketed, low-cost, simple blood test for the early detection of colorectal cancer for mass-market screening.

What now?

With step one of the TGA submission process complete, the company will now push ahead with the filing of an Australian Register of Therapeutic Goods (ARTG) listing.

The ARTG listing will contain further comprehensive documentation. This includes the product technical files, clinical evaluation reports, and similar documentation.

Rhythm’s CEO, Glenn Gilbert, commented: “Progress for regulatory approval in Australia has commenced and it is pleasing to have received the TGA’s acceptance of our Manufacturers Evidence.”

“Our expectation remains that patient recruitment for the clinical trial (Study 7) is to be completed in the near term. Again, the application for a CE Mark for European approval is independent of both the clinical trial being completed and TGA application. CE Mark filing remains on track for late this calendar year,” he added.

Investors appear excited that this product could soon be generating revenue and saving lives. The company estimates that over 850,000 people die from colorectal cancer each year. It also notes that there is a market opportunity of more than $6.5 billion per year in the US, EU, and Australian markets.

The Rhythm Biosciences share price is up 24% over the last 30 days.

The post Why the Rhythm Biosciences (ASX:RHY) share price is jumping 8% today appeared first on The Motley Fool Australia.

More reading

• Why the Rhythm Biosciences (ASX:RHY) share price is flying higher today

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/399EpPu

Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Monday night to discuss the surge in the Pilbara Minerals Ltd (ASX: PLS) share price, the newly sweetened takeover offer that’s pushing the Sydney Airport Holdings Pty Ltd (ASX: SYD) share price higher, and the ACCC quashing a proposed alliance between Qantas Airways Limited (ASX: QAN) and Japan Airlines.

The post Lithium surge, Sydney Airport takeover, ACCC torches Qantas deal. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares ready to explode after COVID: expert
• ASX 200 up, Sydney Airport flies, Nuix rises
• Here are the 3 heaviest trading ASX 200 shares on Monday
• Here are the top 10 ASX shares today
• The Aristocrat (ASX:ALL) share price has hit 10 new record highs in the past month

Motley Fool contributor Scott Phillips 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/2YOQ5W5

The Kina Securities Ltd (ASX: KSL) share price has slipped 4% into the red during afternoon trade on Tuesday. The company’s shares are now trading at 86 cents each, down 4.44%.

Kina shares are on the move as the company advised an acquisition it was seeking in Papua New Guinea (PNG) was blocked by PNG authorities.

Let’s investigate further.

A quick rundown on Kina Securities

Kina Securities is in the financial services business and has particular interests in commercial banking. These functions include personal and commercial lending, money market functions and corporate advisory.

The group has two reportable segments: Kina Bank and Kina Wealth Management.

At the time of writing, Kina has a market capitalisation of $246 million.

What did Kina Securities announce?

In a potential blow to the Kina share price, the company advised that the PNG Independent Consumer and Competition Commission (ICCC) delivered its final decision regarding the company’s play to acquire Westpac Bank-PNG-Limited.

Kina’s proposal was to buy 89.91% of the shares in Westpac PNG, effectively expanding its footprint in our northern neighbour’s market.

However, the PNG ICCC determined it is “not satisfied with the acquisition” on several grounds and has vetoed the deal.

Specifically, according to the company’s announcement, the Commission is not satisfied that the acquisition:

• will “substantially” lessen the competition in the PNG markets; and
• will result (or will be likely to result) in “such a benefit to the public that it should be authorised”.

As a result, Kina is “assessing the implications” of the ICCC’s decision not to grant authorisation for the transaction to go ahead.

Investors can expect more news to come on this event, as Kina will update the market when further information surfaces.

Until then, the material impact of the ICCC’s decision on the company’s operations, if any, is yet to be identified.

Kina Securities share price snapshot

The Kina Securities share price has struggled this year to date, posting a loss of 4.4% since January 1.

Despite this, Kina shares are around 7% in the green over the last 12 months.

Both of these results have lagged the S&P/ASX 200 Index (ASX: XJO)’s return of around 25% over the past year.

The post Kina Securities (ASX:KSL) share price slides 4% amid acquisition blow appeared first on The Motley Fool Australia.

More reading

• Why the Rhythm Biosciences (ASX:RHY) share price is jumping 8% today
• Lithium surge, Sydney Airport takeover, ACCC torches Qantas deal. Scott Phillips on Nine’s Late News
• How have these ASX 200 iron ore shares performed since reporting results?
• Why the American Pacific Borates (ASX:ABR) share price is outperforming today
• Why the Origin Energy (ASX:ORG) share price is climbing on Tuesday

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/2XqKkgV

The S&P/ASX 200 Index (ASX: XJO) iron ore giants all reported their financial results for 2021 (FY21) last month.

How their share prices have moved since reporting is important not just to investors in the big miners. It also impacts anyone investing in an ASX 200-tracking exchange-traded fund (ETF).

That’s because, when taken together, BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), and Fortescue Metals Group Limited (ASX: FMG) have enough firepower to help or hinder the broader index.

Below we look at a brief recap of the key results these 3 ASX 200 iron ore titans reported, as well as how they’ve been performing since.

One thing to keep in mind when looking at their performance is the sliding price of iron ore. On 17 August iron ore was trading for US$167 per tonne, according to data from Markets Insider. Today that same tonne is trading for US$129. That’s 23% lower in less than 1 month.

Go back just a few weeks further, to 30 July, and iron ore was trading at US$212 per tonne.

With that said…

How has BHP performed since reporting results?

BHP reported its FY21 results after market close on 17 August.

The core results included a 69% increase in underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) to US$37.4 billion.

The miner’s underlying attributable profit also leapt by 88% to US$17.1 billion, while net operating cash flow increased by 73% to US$27.2 billion.

The strong results enabled BHP to declare a final dividend of US$2.00 per share, fully franked. The full-year dividend of US$3.01 per share represented a 151% increase on FY20.

BHP also reported on its pending merger deal with Woodside Petroleum Limited (ASX: WPL).

ASX 200 investors would have had this data on hand at market open on 18 August. Despite the strong results, the BHP share price fell 7% on the day.

Though shares are edging higher today, they’re currently down 19% since BHP released its FY21 results.

And what about Fortescue?

Fortescue reported its FY21 results on 30 August.

The key metrics included a 74% leap in total revenue for the ASX 200 miner. Revenues hit US$22.3 billion, up from US$12.8 billion in FY20.

EBITDA also surged by 96%, to US$16.4 billion, compared to US$8.4 billion the prior year. This helped drive a 117% increase in net profit after tax (NPAT) to US$10.3 billion, up from US$4.7 billion in FY20.

Fortescue boosted its final dividend to $2.11 per share. The full-year dividend of $3.58 per share was up 103% year-on-year.

ASX 200 investors were clearly buoyed by the results, which saw the Fortescue share price gain 7% on the day.

But things have largely gone the other direction since then. Fortescue shares are down 1.79% in intraday trading today, and down 15% since the miner released its results.

How has ASX 200 miner Rio performed?

Unlike its 2 major ASX 200 rivals above, Rio released half-year results, not full year.

The results for the 6 months ending 30 June were released after market close on 28 July.

On the back of surging iron ore prices (which as mentioned above have since been in retreat), Rio reported a 71% increase in consolidated sales revenue from the prior corresponding half year, up to US$33.1 billion.

The miner’s free cash flow increased by an impressive 262% over the corresponding period, to US$10.2 billion.

All that cash saw Rio declare an interim dividend of $3.76 per share, fully franked, plus a fully franked special dividend of US$1.85 per share.

ASX 200 investors would have had time to pore over these results before market open on 29 July. And they appear to have liked what they read, sending the Rio share price up 1.5% on the day.

As with the other ASX 200 mining titans, Rio’s share price has come under pressure since then. Shares are down 19% since reporting its half-year results.

The post How have these ASX 200 iron ore shares performed since reporting results? appeared first on The Motley Fool Australia.

More reading

• BHP (ASX:BHP) share price lifts following climate action plan release
• Fortescue (ASX:FMG) share price struggles amid new production curbs in China
• 5 things to watch on the ASX 200 on Tuesday
• Rio Tinto (ASX:RIO) share price grounded as US$2.4b lithium mine faces local opposition
• Fortescue (ASX:FMG) shares bounce off 9-month low as iron ore sell-off continues

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/2XdyJRZ