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The Pilbara Minerals Ltd (ASX: PLS) share price stands at $2.15 at time of writing, right where it closed yesterday.

But Pilbara’s share price isn’t well-known for its lack of movement.

Shares in the S&P/ASX 200 Index (ASX: XJO) lithium producer leapt 26% in August alone.

August’s gains were partly driven by strong lithium prices as investors look to long-term growth in global battery demand.

August also saw the company report an impressive 109% year-on-year leap in revenue for FY21 to $175.8 million.

Not surprising then, that Pilbara made the top-10 list of most popular traded shares among Saxo Capital Markets’ Australian clients in August. And this list isn’t exclusive to ASX shares. It includes international shares as well.

What did Saxo report on Pilbara?

Pilbara came in at number 9 on Saxo’s list of top-10 most popular traded shares last month among its Aussie clients.

Saxo said this came after the lithium mining giant delivered, “hugely promising FY21 results. The firm revealed it had increased its cash gross margin to AU$46.2 million in the 12 months to 30 June 2021”.

According to Saxo:

Pilbara Minerals’ managing director Ken Brinsden described their results as an “incredible turnaround”, particularly “during the second half of FY 2021”. Brinsden cited the surge in demand for lithium raw materials worldwide as the basis for generating “substantial increases” in its products.

Pilbara also offered some positive guidance, despite anticipating higher costs in the year ahead. It forecast shipments will continue to increase in the 2022 financial year. “Shipments are expected to total 440,000 to 490,000 dmt for the full year, which would represent a year-on-year increase of between 56% and 74%.”

As at 30 June, Pilbara Minerals had a cash balance of $115.7 million.

Pilbara share price snapshot

If you’d invested in Pilbara 1-year ago you’d be sitting on paper gains of 572% today. To put that in some perspective, over that same time the ASX 200 is up 25%.

2021 has seen the Pilbara share price continue to outperform, up 147% year-to-date.

The post Why these seasoned investors are watching the Pilbara (ASX:PLS) share price appeared first on The Motley Fool Australia.

More reading

• Leading broker reveals why these 10 big-name shares have been firing up its clients
• Here are the 3 most heavily traded ASX 200 shares today
• 5 ASX shares under $10 that have more than doubled in the past year
• Here are the 3 most traded ASX 200 shares this Monday
• Why the Pilbara Minerals (ASX:PLS) share price is sinking 7% on Monday

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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At lunch on Wednesday, the S&P/ASX 200 Index (ASX: XJO) is once again fighting back from a poor start. The benchmark index is down 0.2% to 7,516.7 points at the time of writing.

Here’s what is happening on the ASX 200 today:

Macquarie shares storm higher

The Macquarie Group Ltd (ASX: MQG) share price is storming higher on Wednesday after the release of an update. The investment bank revealed that it expects its first half profits to be down slightly on the second half of FY 2021. Looking further ahead, the bank believes it is positioned to deliver superior performance in the medium term.

Mineral Resources update

The Mineral Resources Limited (ASX: MIN) share price is trading lower today despite a positive drilling update. That update reveals that drilling activities have identified a significant gas discovery at Lockyer Deep-1. According to the release, the company has encountered excellent reservoir quality at its Kingia Sandstone site along with significant gas elevations throughout the IRCM and Kingia Sandstone.

Gold miners tumble

Australian gold miners such as Evolution Mining Ltd (ASX: EVN) and Newcrest Mining Limited (ASX: NCM) are trading notably lower today. This follows a pullback in the gold price during overnight trade. According to CNBC, the spot gold price fell 2% last night to US$1,796.40 an ounce. A combination of a strengthening US dollar and higher bond yields took the shine off the precious metal.

Best and worst ASX 200 performers

The best performer on the ASX 200 has been the Macquarie share price with a 5.5% gain. This follows the release of its trading update. The worst performer has been the St Barbara Ltd (ASX: SBM) share price with a 5% decline. This follows the pullback in the spot gold price overnight.

The post ASX 200 midday update: Macquarie jumps, gold miners sink appeared first on The Motley Fool Australia.

More reading

• Leading broker reveals why these 10 big-name shares have been firing up its clients
• 2 ASX 200 shares that could be buys for dividends
• Dividends galore! 10 ASX shares trading ex-dividend on Wednesday
• Why the Mineral Resources (ASX:MIN) share price is moving higher today
• Macquarie (ASX:MQG) share price gains 6% despite lower second half forecast

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

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The Metalstech Ltd (ASX: MTC) share price has jumped out of the starting blocks on Wednesday and landed firmly in the green.

Metalstech shares are on the move after the company delivered an investor presentation on its planned lithium asset spin-out today.

Let’s investigate further.

A bit of background information

Recall that Metalstech lodged a “short form prospectus” and called for shareholder voting on the spin-out of its lithium projects to Winsome Resources earlier this year.

Major shareholders indicated support for the spin-out early on, and advocated for a separate ASX listing of Winsome Resources.

Under the arrangement, Metalstech shareholders are to receive “$9 million worth of shares in spin out by way of an in species distribution” of 45 million Winsome shares.

This equates to approximately one “free (Winsome) 20 cent share for every 3.5 (Metalstech) shares held”.

As a result of the spin-out, Winsome will focus on developing the “100% owned” Cancet, Adina and Sirmac–Clapier Lithium lithium projects in Quebec, Canada.

Metalstech also stated that Winsome’s initial public offering (IPO) will occur on a valuation of $12 million to $18 million. Winsome will trade under the ticker “WR1”.

Metalstech shareholders will have their say on 4 October, when they will vote on successfully passing the lithium assets over to Winsome.

What did Metalstech announce today?

In what was deemed a positive for the Metalstech share price, the company gave an update and presentation on its lithium spin-out entitlements.

In its report, Metalstech outlined the opportunity at hand, explaining its positioning within the world of battery manufacturing.

The company believes that the battery “value chain” has a number of “social, environmental and integrity issues”.

This coincides with the fact that most of the world’s lithium reserves are in “Australia, Argentina, Chile and China”. As such, Metalstech believes its assets “offer greater diversity”.

Metalstech also explained its Quebec lithium projects are “strategically located” near “established infrastructure and supply chain”.

Investors have bought on the news, and are driving the Metalstech share price higher today.

Metalstech shares are now exchanging hands at 30 cents apiece, a 15.38% gain from the market open.

Metalstech share price snapshot

The Metalstech share price has climbed 44% this year to date. This extends the gain over the previous 12 months to 40%.

In the past month alone, Metalstech shares have climbed a further 31% in the green.

These results have outpaced the S&P/ASX 200 Index (ASX: XJO) return of around 25% over the past year.

The post Metalstech (ASX:MTC) share price jumps 15% on lithium spin out update appeared first on The Motley Fool Australia.

More reading

• Why Metalstech, Mineral Resources, TechnologyOne, & Webjet are storming higher
• Why the Metalstech (ASX:MTC) share price is rocketing 16% on Friday
• Why the MetalsTech (ASX:MTC) share price is soaring 15% today

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.

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We all have a general idea of the S&P/ASX 200 Index (ASX: XJO) shares that are the most popular with ASX investors. BHP Group Ltd (ASX: BHP)… the big 4 banks… CSL Limited (ASX: CSL)… you get the idea. But today, let’s put some actual data to this question.

Broker Saxo Markets has just released its 10 most popular traded shares on its platform over August 2021. And it makes for some interesting reading.

So, here are the 10 shares that were the most popular and traded on Saxo Markets over August. They include both ASX and US shares, giving a pretty well-rounded view of what Aussie investors were finding interesting over the month just passed.

Saxo’s 10 most popular shares for Aussie investors

10 – A2 Milk Company Ltd (ASX: A2M)

Ah A2 Milk… It’s no secret that this dairy company has had a year it would rather forget in 2021 so far. Not only did A2 spend most of the year downgrading its FY21 earnings guidance, but it also delivered a poorly-received FY21 earnings report last month. Saxo reckons it was how A2 “lost its sparkle” in 2021 that kept it on this list.

9 – Pilbara Minerals Ltd (ASX: PLS)

Pilbara has been one of the standout ASX 200 performers in 2021 so far. This lithium producer is up close to 150% year to date in 2021 so far. Saxo says that its “hugely promising” FY21 earnings report last month really got ASX investors going with this one. In particular, Pilbara’s anticipation of a “further rise in shipments for FY22”.

8 – Zip Co Ltd (ASX: Z1P)

Buy now, pay later company Zip is next up at the number 8 position. Saxo tells us that “many of our retail clients have been drawn to the decline in the Zip Co share price, which has plunged by a third in the last six months”.

It also points to how Zip was one of the most shorted ASX shares over August, as well as its FY21 results which Saxo calls ” less than impressive compared with its long-time competitor [Afterpay Ltd (ASX: APT)]”.

7 – Tesla Inc (NASDAQ: TSLA)

And we have our first US share here, electric vehicle and battery manufacturer Tesla. Saxo reckons it is Tesla’s potential move into the Indian market that have been exciting investors over August, saying “India is considered one of the world’s fastest emerging car markets and if Tesla can partner with auto parts suppliers within the country, it could make huge inroads”. Even though the Tesla share price remains infamously volatile, it is still up more than 33% over the past 6 months.

6 – Qantas Airways Ltd (ASX: QAN)

Another ASX share for the number 6 spot, we have the Flying Kangaroo. ASX investors’ affections for Qantas are well-known. The airline is the national carrier after all.

Saxo is confident that it was Qantas’ FY21 earnings report from last month that really got investors in the mood for flying. It said that “investors were able to look beyond the headline figures and delve deeper into the balance sheet” with Qantas, noting how the company still has “impressive liquidity”.

5 – Alibaba Group Holding Ltd (NYSE: BABA)

Alibaba is a Chinese company but is listed on the New York Stock Exchange. This e-commerce giant has been attracting headlines lately due to the sharp sell off we have seen over the past few months. Alibaba shares remain down more than 23% year to date, mostly due to concerns over the Chinese regulatory environment at the moment.

According to Saxo, these woes have “helped capture the imagination of bearish retail traders”. It also points out that the company is trading at around “half the value of its historic peak” from October 2020. No wonder it was getting some love from ASX investors.

4 – Apple Inc (NASDAQ: AAPL)

Everyone knows Apple. So it’s probably no surprise that this tech giant also makes this list. Saxo highlights that Apple “is part of an exclusive club of stocks that simply garners interest from retail traders purely because of its name”.

The broker points to its recent healthy earnings report as well as its continual share price growth over the past few month. These factors have culminated in a series of new all-time highs recently, generating enthusiastic support for Apple from Aussie investors.

3 – BHP Group Ltd (ASX: BHP)

Finally, another ASX share. We already mentioned BHP as one of the ASX’s most popular shares and now we have it in writing.

Saxo points to BHP’s announcement last month that it would cease its dual listing on the London Stock Exchange and ‘come home’ for good as a major driver of client interest here. It also highlights BHP’s recent earnings report which contained record dividend payments, as well as plans to divest its petroleum assets, as major catalysts here.

2 – Amazon.com Inc (NASDAQ: AMZN)

If you thought we weren’t going to hit Amazon on this list, stand corrected. Yes, this e-commerce giant makes the number 2 spot today. Saxo says that “Amazon’s Australian trading arm has been tipped to experience exponential growth in 2021” after laying down the groundwork in Australia for several years.

Saxo seems to argue that it’s Amazon’s growing presence down under that may be behind its enduring popularity with ASX investors. That’s as well as its eye-watering growth numbers and profitability of course.

1 – Fortescue Metals Group Limited (ASX: FMG)

And last, but certainly not least, we have the giant ASX 200 iron ore miner Fortescue. Saxo said the following on its number one share for August:

The undisputed number-one stock our clients wished to trade in August 2021 was FMG – and it’s not surprising when you consider it recently revealed its annual profits more than doubled. The outcome for FMG shareholders was a record-high dividend of AU$2.11, which represented a 17% yield underpinned by healthy iron ore prices.

Saxo also points to Fortescue’s focus on ‘green iron ore’ and hydrogen power may also be attracting some investor attention. But given Fortescue’s wild ride over 2021 so far, it’s perhaps no surprise that this company took out the top spot for August over at Saxo.

The post Leading broker reveals why these 10 big-name shares have been firing up its clients appeared first on The Motley Fool Australia.

More reading

• 2 ASX 200 shares that could be buys for dividends
• The BHP (ASX:BHP) share price is flat in 2021. But how much has the company contributed to the Australian economy?
• Qantas (ASX:QAN) share price slips despite data showing Aussies keen to fly
• Fortescue (ASX:FMG) share price higher as China’s imports surge to record high in August
• Woolworths (ASX:WOW) share price on watch after its big green promise

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen owns shares of A2 Milk and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alibaba Group Holding Ltd., Amazon, Apple, CSL Ltd., Tesla, and ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended A2 Milk, Amazon, and Apple. 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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There are a number of S&P/ASX 200 Index (ASX: XJO) shares that could be good options to consider for dividend income for the long-term.

Businesses that are growing their operating earnings over the long-term have the ability to grow their cash payouts to shareholders over time as well.

Not every ASX 200 share that pays a dividend is worth owning.

But these two ideas could be ones to think about:

Centuria Industrial REIT (ASX: CIP)

As the name suggests, this is a real estate investment trust (REIT) which focuses on quality industrial properties.

In FY21, the portfolio expanded to 62 industrial assets, with the total portfolio value increasing to $2.9 billion. During the year, it acquired 18 assets worth $966 million and introduced two new industrial sub-sectors, being data centres and cold storage.

It was a strong year for the ASX 200 dividend share with a $587 million increase in valuation, representing a 25% lift in the valuation.

The portfolio has a high level of income visibility. It has a weighted average lease expiry (WALE) of 9.6 years with an occupancy rate of 96.9%.

In FY21, the business generated funds from operations (FFO) of 17.6 cents per unit, or $91.4 million in total. With that rental profit, it paid a distribution of 17 cents per unit.

In FY22, Centuria Industrial REIT is expecting to report growth. FFO per unit guidance is at least 18.1 cents and a distribution per unit of 17.3 cents. That translates to a FY22 yield of 4.3%.

The fund manager of the REIT, Jesse Curtis, has said:

The domestic industrial market has continued to strengthen the strong tailwinds from increased adoption of e-commerce as well as demand from tenants onshoring operations. With record low vacancy rates across all major markets, Australia’s industrial real estate sector remains a highly sought-after market attracting investment demand and creating robust competition for quality industrial and logistics assets.

It’s currently rated as a buy by the broker Macquarie Group Ltd (ASX: MQG).

Rural Funds Group (ASX: RFF)

Rural Funds is an ASX 200 dividend share that aims to grow its distribution by 4% per annum. It’s a landlord that owns a diversified farm portfolio including cattle, almonds, macadamias, vineyards and cropping (sugar and cotton).

The business doesn’t carry the operational risks of farming, that’s on the tenant. But Rural Funds does own a large amount of water entitlements for farmers to use.

Rural Funds looks to grow its distributions thanks to two organic elements. Its rental income is contracted to grow at the farms, either with a fixed 2.5% annual increase or linked to CPI inflation, with some contracts having market reviews. It is also investing in some farms to make them more productive, such as more water access points.

The ASX 200 share’s farms are spread across different states and climate conditions, so it’s increasingly diversified in that regard.

Rural Funds saw its pro forma adjusted net asset value (NAV) increase by 13% to $2.20 per unit after property revaluations during the year.

In FY22, Rural Funds has forecast a 4% increase of the distribution to 11.73 cents per unit. That translates to a forward distribution yield of 4.4%.

The post 2 ASX 200 shares that could be buys for dividends appeared first on The Motley Fool Australia.

More reading

• Leading broker reveals why these 10 big-name shares have been firing up its clients
• Woolworths (ASX:WOW) share price on watch after its big green promise
• 2 excellent ASX 200 blue chip shares that may be worth a spot in a portfolio
• 5 things to watch on the ASX 200 on Wednesday
• ASX 200 flat, Aussie Broadband shares halted, Openpay rises

Motley Fool contributor Tristan Harrison owns shares of RURALFUNDS STAPLED. 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 shares of and has recommended Macquarie Group Limited and RURALFUNDS STAPLED. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Aussie Broadband Ltd (ASX: ABB) share price has come out of a trading halt today.

This follows an update in regards to its capital raising efforts from the broadband provider.

At the time of writing, Aussie Broadband shares are up 1.3% to $4.69. In comparison, the All Ordinaries Index (ASX: XAO) is down 0.27% to 7,805 points.

Successful placement

In a statement to the ASX, Aussie Broadband advised it has successfully completed its institutional placement.

The company received firm commitments from both new and existing institutional, sophisticated and professional investors to raise $114 million.

The placement will see approximately 28.5 million new ordinary shares issued at a price of $4 apiece. This represents a 13.6% discount on the last closing price on 6 September and a 2.6% discount on the 10-day volume-weighted average price.

The funds acquired from the placement will be used to support a variety of company objectives. This includes growth by mergers and acquisitions, new business product and technology development, and increasing fibre and network assets.

The shares are expected to be allotted and issued on 15 September.

In addition to the placement, Aussie Broadband will undertake a Share Purchase Plan (SPP), raising another $10 million. The terms will be the same as offered in the institutional placement.

The dispatch of the SPP offer documents and opening date will also occur on 15 September.

Aussie Broadband managing director, Phillip Britt commented:

There are promising opportunities to execute transformational acquisitions in the business segment that will complement and improve Aussie Broadband’s position in the market.

We believe this will help us to continue delivering outstanding results for our shareholders and help the company to continue to change the telco game in Australia.

About the Aussie Broadband share price

Over the last 12 months, Aussie Broadband shares have surged 140% higher, with year-to-date gains above 130%. The company’s share price reached an all-time high of $4.79 on Monday, before treading slightly lower.

On valuation grounds, Aussie Broadband presides a market capitalisation of roughly $881.2 million, with 190 million shares on issue.

The post Aussie Broadband (ASX:ABB) share price edges higher on capital raise update appeared first on The Motley Fool Australia.

More reading

• ASX 200 flat, Aussie Broadband shares halted, Openpay rises
• 2 ASX shares to take off after excellent reporting seasons
• Why the Aussie Broadband (ASX:ABB) share price is frozen on Tuesday
• Why AnteoTech, Appen, Aussie Broadband, & Tyro shares are charging higher
• Up 9%, the Aussie Broadband (ASX:ABB) share price hits all-time high

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 Aussie Broadband Limited. The Motley Fool Australia has recommended Aussie Broadband 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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The Incannex Healthcare Ltd (ASX: IHL) share price is having a year to remember.

At the time of writing, shares in the company are up 170% in 2021 and 3.7% today to 42 cents each. It’s an impressive feat with many factors behind it.

Let’s take a closer look and see why the company’s shares are so high.

Company profile

Incannex is a pharmaceutical company that specialises in medicinal cannabinoid and psychedelic products. It sells worldwide, with a particular focus on the United States. The company, however, does not have regulatory approval to sell its products in the US.

The company claims its medicines can be used to treat a range of ailments, including anxiety, sleep apnoea, traumatic brain injury, respiratory illnesses such as asthma, arthritis, and inflammatory bowel disease.

Why the Incannex share price is blazing in 2021

The Incannex share price has been absolutely rocketing in 2021 — for a variety of reasons.

For example, in March, shares in the company leapt 10% on the news a clinical trial by the company proved its treatment to be more effective in treating rheumatoid arthritis than currently available medications.

The company’s announcement at the time said the drug was up to 3.5 times more effective at reducing arthritis than common treatments currently on the market.

At present, the main treatment for rheumatoid arthritis is hydroxychloroquine (HCQ), marketed as Plaquenil. The company noted long term use of HCQ has been linked to increased cardiovascular mortality. HCQ has been in the news recently over debunked claims the drug could treat COVID-19.

Another reason for the rising Incannex share price is the company’s ongoing process to navigate the regulatory framework of the world. In July, for example, Incannex filed a patent application for use in Europe, Japan, and Australia for its IHL-42X development program. Its share price increased on the news.

As well, in August, the Incannex share price rose 9% when the company announced it was taking the first steps to list American depository shares (ADS) on NASDAQ. 1 share of the ADS would be equivalent to 50 shares of Incannex on the ASX. Shareholders still need to approve of this decision.

Incannex FY21 results

For financial year 21, Incannex reported the following:

• Revenue from ordinary activities up 214% to $1.9 million.
• Losses for the year jumped 73.8% to $8.2 million.
• Basic loss per share of 83 cents – up from a 69 cent per share loss in the prior corresponding period (pcp).
• Net cash from operating activities outflow of $6.9 million which is higher than the $3.9 million outflow in the pcp.

The Incannex share price rose 7.79% on the day of the results announcement.

Incannex share price snapshot

Since listing on the ASX, the Incannex share price has fallen 91.3%. However, over 5 years, it is up 406% and over 12 months, it is 710% higher.

The company has a market capitalisation of around $453 million.

The post Why the Incannex (ASX:IHL) share price is rocketing 170% in 2021 appeared first on The Motley Fool Australia.

More reading

• Why the Incannex (ASX:IHL) share price leapt 9% today

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It’s raining dividends on Wednesday with many household ASX shares going ex-dividend.

This means that investors who own the respective shares at market close on Tuesday will be eligible to receive the company’s dividend.

10 ASX shares trading ex-dividend

Brambles Limited (ASX: BXB)

The Brambles share price is approaching 5-year highs after a solid FY21 full-year results announcement.

At the time of writing, Brambles shares are down 2.48% to $12.18 after going ex-dividend for a final dividend of 10.5 US cents.

Medibank Private Ltd (ASX: MPL)

Medibank shares have been trending strongly since April, up 26.7% to 12-month highs.

The private health insurer’s share price performance has been underpinned by a strong FY21 results announcement highlighting a 39.8% jump in net profit after tax to $441 million.

At the time of writing, the Medibank share price is down 2.49% to $3.53 after going ex-dividend for a fully franked final dividend of 6.9 cents per share.

Blackmores Limited (ASX: BKL)

The Blackmores share price was one of the best performing ASX shares on today’s ex-dividends list after surging 35% last month.

The company’s recovery story has started to gather momentum, with FY21 results highlighting a 51.7% jump in underlying net profit after tax to $25.4 million.

Blackmores shares are trading 2.05% at $92.26 after going ex-dividend for a fully franked dividend of 42 cents.

Adairs Ltd (ASX: ADH)

The Adairs dividend more than doubled this year to a total payout of 23 cents (FY20: 11 cents).

This is all thanks to a record FY21 financial performance where statutory net profit after tax (NPAT) surged 80.7% to $63.7 million.

The Adairs share price is down 3.56% to $3.925 today after going ex-dividend for a final dividend of 10 cents per share.

Shaver Shop Group Ltd (ASX: SSG)

The Shaver Shop Group share price has been trading sideways since October 2020, likely impacted by the cycling of elevated sales and recent COVID-19 lockdowns.

Despite the tailwinds, the business managed to deliver a significant uplift in FY21 earnings, posting a 68.3% surge in net profit to $17.5 million.

The company’s shares are down 3.77% to $1.02 after going ex-dividend for a final dividend of 5 cents per share.

Accent Group Ltd (ASX: AX1)

The Accent share price follows the same narrative as Shaver Shop – trading sideways since late last year.

This is despite a 38.6% increase in FY21 profits to $76.9 million and a 21.6% increase in full-year dividends to 11.25 cents.

Accent shares are down 3.17% to $2.14 on Wednesday after going ex-dividend for a fully franked final dividend of 3.25 cents per share.

St Barbara Ltd (ASX: SBM)

The St Barbara share price is the worst performing ASX share in today’s ex-dividend list, plunging 54% in the past 12 months due to lower production at its key Leonora and Simberi projects.

The company reported an overall drop in revenue and profit in FY21 but still squeezed out a dividend for its shareholders.

St Barbara is going ex-dividend today for a final dividend of 2 cents per share.

SEEK Limited (ASX: SEK)

The SEEK share price is within arms reach of all-time highs, currently down 0.56% to $33.76.

SEEK shares are falling less on Wednesday relative to other ex-dividend shares because the company is paying out a much smaller dividend relative to its share price.

SEEK is trading ex-dividend today for a dividend of 20 cents per share.

Money3 Corporation Limited (ASX: MNY)

The Money3 share price is one of few ASX shares falling less than the dividend the company is paying out.

Money3’s shares are down 4.5 cents or 1.28% to $3.475 despite going ex-dividend for a fully franked final dividend of 7 cents per share.

Austal Limited (ASX: ASB)

The Austal share price has fallen off a cliff, down 33.6% year to date and sliding 45% in the past 12 months.

The shipbuilding business has struggled on multiple fronts, with a firmer Australian dollar weighing on earnings in addition to COVID-related border closures, travel restrictions and supply-chain challenges.

Austal shares are down 3.77% to $1.785 on Wednesday after going ex-dividend for 4 cents per share.

The post Dividends galore! 10 ASX shares trading ex-dividend on Wednesday appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• Here’s why the Medibank (ASX:MPL) share price jumped 7% in a month
• 3 buy-rated ASX dividend shares with big yields
• 2 ASX dividend shares that could be buys with yields above 5%
• 2 top blue chip ASX 200 shares rated as buys

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. owns shares of and has recommended Austal Limited. 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 Blackmores Limited. The Motley Fool Australia has recommended Accent Group and SEEK 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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The Nexus Minerals Ltd (ASX: NXM) share price is soaring today on the news of a golden discovery.

The company has announced its intercepted numerous high-grade discoveries at its Templar Prospect.

Right now, the Nexus share price is 22 cents. That’s a whopping 46.67% higher than its previous close and marks a new multi-year high.

Let’s take a closer look at the news driving the Nexus share price today.

Nexus’ new discovery

The Nexus share price is surging today following the company’s newest discovery.

Nexus has received assay results from 13 reverse circulation drill holes conducted at its Templar Prospect.

The prospect is located within Nexus’ Wallbrook gold project in Western Australia’s goldfields.

Gold mineralisation at the Templar Prospect is hosted in the same stockwork as that of the company’s nearby Crusader Prospect. The company, therefore, believes the prospects are part of the same mineralisation system.

The Templar Prospect’s assay results include:

• 10 metres at 5.64 grams of gold per tonne (within 23 metres at 85 grams of gold per tonne from 132 metres)
• 6 metres at 6.21 grams of gold per tonne (including 4 metres at 9.24 grams of gold per tonne from 90 metres)
• 2 metres at 11.02 grams of gold per tonne (from 220 metres)
• 28 metres at 3.64 grams of gold per tonne, including 4 metres at 10.11 grams of gold per tonne (within 72 metres at 1.68 grams of gold per tonne from 24 metres)
• 4 metres at 5.07 grams of gold per tonne (within 20 metres at 1.42 grams of gold per tonne from 176 metres)
• 4 metres at 2.37 grams of gold per tonne (within 36 metres at 1.10 grams of gold per tonne from 24 metres)
• 8 metres at 1.56 grams of gold per tonne (within 16 metres at 1 gram of gold per tonne from 76 metres)
• 24 metres at 1.08 grams of gold per tonne (from 24 metres)

Commentary from management

Nexus’ managing director, Andy Tudor, commented on the news driving the company’s share price today, saying:

These broad high grade results received from Templar occur in the same altered and mineralised rocks we see at the Crusader prospect, 1.2 kilometres to the south. This has effectively linked the two prospects together into one large mineralised system. Nexus is the first company to drill the Templar prospect and we are very proud of the work our exploration team has contributed leading to this discovery.

Nexus share price snapshot

Today’s gain has placed the Nexus share price well and truly in the ASX green.

Right now, it’s 53% higher than it was at the start of 2021. It has also gained 207% since this time last year.

At its current share price, the company has a market capitalisation of around $53.7 million.

The post Nexus Minerals (ASX:NXM) share price soars 47% on new gold intercepts appeared first on The Motley Fool Australia.

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

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The Mineral Resources Ltd (ASX: MIN) share price is edging higher in morning trade, up 1% to $52.03 per share.

Below we look at the ASX 200 mining services provider’s latest gas project update.

What update did Mineral Resources announce?

Mineral Resource’s share price is gaining after the company released a promising update on the drilling operations at its Lockyer Deep-1 conventional gas exploration well in Western Australia.

The well is situated on Exploration Permit EP368.  Energy Resources Limited, a wholly owned subsidiary of Mineral Resources, is the operator and 80% owner of the EP368 Joint Venture. Norwest Energy NL (ASX: NWE) controls the other 20%.

Microcap ASX energy share, Norwest, is up 75% today on the announcement.

According to the release, the drilling results have identified “a significant gas discovery at Lockyer Deep-1”. The company said it encountered “excellent reservoir quality” at its Kingia Sandstone site along with significant gas elevations throughout the IRCM and Kingia Sandstone.

On Monday, drilling had reached a total depth of 4,274 metres. Mineral Resources said it’s identified the potential for additional gas in the High Cliff Sandstone, along with the potential for conventional oil resource in the Dongara Sandstone.

Commenting on the operations, Mineral Resources managing director Chris Ellison said:

The success at Lockyer Deep-1 exploration well is a fantastic start to our significant gas exploration program, as we seek to provide natural gas to power our own operations in conjunction with renewable energy sources such as solar and wind.

Following positive wireline logging, a production test will be completed at Lockyer Deep-1 exploration well to fully evaluate gas flow rates, the results of which will inform our appraisal strategy to define the full extent of the gas field.

Mineral Resources share price snapshot

The Mineral Resources’ share price is up 39% in 2021 compared to a year-to-date gain of 12% posted by the S&P/ASX 200 Index (ASX: XJO).

However, over the past month, the Mineral Resources share price is down 11.5%.

The post Why the Mineral Resources (ASX:MIN) share price is moving higher today appeared first on The Motley Fool Australia.

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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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