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The Vulcan Energy Resources Ltd (ASX: VUL) share price has come into the spotlight again this week.

Not that it ever really lost the spotlight.

With the lithium developer’s shares up 422% since the start of the year, it has been getting a lot of attention from investors.

Why is the Vulcan Energy share price in the spotlight this week?

The Vulcan Energy share price was given an additional boost this week when S&P Dow Jones Indices announced changes to the S&P/ASX Indices. These changes will be effective prior to the open of trading on 20 September and follow S&P Dow Jones Indices’ quarterly review.

According to the release, the lithium developer’s shares will be added to the S&P/ASX 300 Index (ASX: XKO) at the next rebalance.

It is one of 12 new additions to the index, along with fellow lithium explorer Liontown Resources Limited (ASX: LTR) and battery materials focused company Novonix Ltd (ASX: NVX).

Why is this good news for Vulcan Energy?

Being added to an index like the ASX 300 can be a big positive for a company’s shares.

This is for two reasons. The first is that index funds or ETFs that track the index will have to purchase shares. This buy-side pressure could give the Vulcan Energy share price an additional boost in the coming days and weeks.

Another reason is that many fund managers have strict investment mandates. This means they can only buy shares from certain indices.

This means that any fund managers that were restricted from buying shares outside the ASX 300, will now be able to consider Vulcan shares.

Though, with the Vulcan share price up so much since the start of the year, they may well wait for a pullback before considering an investment.

The post Why the Vulcan Energy (ASX:VUL) share price is in the spotlight this week appeared first on The Motley Fool Australia.

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• Kuniko (ASX:KNI) share price jumps 500% on ASX debut
• Why Charter Hall, IGO, Vulcan, & Z Energy shares are storming higher
• Why the Vulcan Energy (ASX:VUL) share price is jumping 7% today
• Why the Vulcan (ASX:VUL) 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.

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The Aussie Broadband Ltd (ASX: ABB) share price won’t be going anywhere on Tuesday after the company requested a trading halt.

What’s the trading halt for?

Aussie Broadband said it “is in the process of making and finalising arrangements in relation to a potential capital raising”.

The company advised that its shares will remain halted until an announcement is made to the market in relation to the outcome of the proposed capital raising or until Thursday, 9 September.

According to the company’s FY21 results, it had $57 million in cash and cash equivalents.

The decision to raise capital comes after the Aussie Broadband share price surged 7.67% to a record close of $4.63 on Monday.

What’s next for Aussie Broadband?

Aussie Broadband is looking to continue its strong growth trajectory after a stellar performance in FY21.

The company’s FY21 full-year results highlighted an 84% jump in revenue to $350.3 million. Additionally, earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged 433% to $19.1 million.

As a result, the company’s loss before income tax benefit came in at $4.2 million compared to a $12.3 million loss in FY20.

The Aussie Broadband share price has surged 23% since its results announcement on 30 August.

According to the company’s FY21 results, it is targeting the completion of its fibre build this year. More than 1,200km of Aussie Broadband-owned fibre will be in the ground on completion. This is expected to drive more than $15 million per year in savings from FY23 onwards.

Aussie Broadband managing director Phillip Britt highlighted the upcoming milestone as a catalyst to drive both savings and growth.

“We anticipate that our fibre network will start to show financial benefits not only through offloading existing leased infrastructure but also through the opportunity to directly connect customers to our own network,” Britt said.

Looking ahead, the company said it wanted to become “solutions-focused” rather than just selling connections to customers or third parties.

Aussie Broadband highlighted products under development including security, managed hardware and cloud solutions.

Aussie Broadband share price snapshot

The Aussie Broadband share price has surged 129% year-to-date.

The company successfully debuted on the ASX on 16 October at a listing price of just $1.00.

The post Why the Aussie Broadband (ASX:ABB) share price is frozen on Tuesday appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun owns shares of Aussie Broadband Limited. 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 Qantas Airways Limited (ASX: QAN) share price is on watch this morning after the airline confirmed that it has received bids from numerous potential buyers of its Mascot land.

The airline expects the sale to be worth several hundred million dollars. Many outlets are reporting it will result in a $500 million payday for Qantas.

The Qantas share price finished yesterday’s session trading for $5.39 after gaining 0.94% over the course of Monday.

Let’s take a closer look at today’s news of Qantas.

Qantas share price in focus on news of buyers

The Qantas share price will be one to watch this morning after the airline confirmed it has received 18 competitive bids from potential buyers for its nearly 14-hectares of under-developed industrial land.

Qantas launched an expression of interest to scope out buyers for the Mascot land in July.

A Qantas spokesperson commented on the strong interest in the land:

What’s been clear from the market is that there’s a lot of value in this land given how the surrounding area has developed over the past decade or so. Assuming we sell some or all of the 14 hectares that we took to the market, we’d expect to have agreements finalised in the next two months.

Qantas expects to have finished offloading the 14-hectares by the end of 2021. The funds resulting from the sale will be put towards paying off the airline’s debt.

According to reporting by The Australian, Lendlease Group (ASX: LLC) and Mirvac Group (ASX: MGR) are among those jockeying to grab the land.

Market watchers might want to keep an eye on the Qantas share price in the coming months as the Mascot land goes under the hammer.

As The Motley Fool Australia has previously reported, Qantas has owned some of the land since the 1960s. Its value has quadrupled over the last decade as South Sydney’s industrial precinct has grown.

The Qantas distribution centre is also reportedly located on the land. Qantas is said to be planning to lease the centre back from its potential buyer.

The post Why the Qantas (ASX:QAN) share price is in focus on Tuesday appeared first on The Motley Fool Australia.

More reading

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• Qantas (ASX:QAN) share price falls while international ‘Points Planes’ considered
• Here’s why the Qantas (ASX:QAN) share price rallied 10% in August

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 Xero Limited (ASX: XRO) share price has been a positive performer over the last few weeks.

Since this time in August, the cloud accounting platform provider’s shares are up 3.5% to $152.75.

This compares favourably to a broadly flat performance by the S&P/ASX 200 Index (ASX: XJO) over the same period.

Why is the Xero share price pushing higher?

The decent gain by the Xero share price over the last month appears to have been driven by a broker note out of Goldman Sachs at the start of August.

According to the note, its analysts reiterated their buy rating and $165.00 price target on the company’s shares.

Based on the current Xero share price, this implies potential upside of 8% over the next 12 months.

Why is Goldman positive on Xero?

Goldman Sachs is positive on Xero due to its strong revenue growth potential. In fact, the broker is forecasting its revenue to double by FY 2024 due to a combination of subscriber growth, price increases, and mergers and acquisitions (M&A).

The broker commented: “We expect XRO revenue to double across FY21-24E (+26% CAGR), driven by: (1) ARPU growth from the recently announced price rises (benefiting FY22/23E) and the introduction of this app store fee (benefiting FY23/24E); (2) Subscriber growth, given accelerating subscriber growth across all geographies in 2H21, and strong recent traction from its Enterprise strategy (i.e. recently signed a Global partnership with DFK, the 7th largest Global Accounting Association, to complement agreements with BDO/RSM); and (3) M&A, with the Planday acquisition to contribute +3% growth in FY22E.”

App Store launch

Goldman was also pleased with the launch of the Xero App Store across the ANZ and UK markets. It notes that this will streamline and simplify access to the ~1,000 apps currently available, with Xero earning a 15% royalty on subscriptions purchased through the store.

It said: “We see this as a positive step from Xero, which is increasingly focused on monetizing its strong market positions within the ANZ and UK markets, with the incremental revenues used to accelerate its ongoing global expansion.”

“We previously outlined our belief that a 10-15% app-store fee was possible for Xero, given this would provide consistency across the Xero app developers to incentivize continued investment, while being comparable to a number of digital marketplaces globally who have app fees ranging from 12% (Epic Games) to 30% (Apple, Google, Steam, etc).”

“Although the quantum of app attachment rates is uncertain, we estimated that a 15% app store fee could open up an incremental NZ$1.4bn of TAM, with these earnings likely to be 100% margin,” it concluded.

All in all, although the Xero share price is up 62% over the last 12 months, Goldman doesn’t believe the gains are over.

The post Top broker says Xero (ASX:XRO) share price is a buy appeared first on The Motley Fool Australia.

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• 2 excellent ASX tech shares rated as buys
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Xero. The Motley Fool Australia owns shares of and has recommended Xero. 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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It could be a difficult day for BHP Group Ltd (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG), and Rio Tinto Limited (ASX: RIO) shares on Tuesday.

This follows another pullback in the iron ore price during overnight trade.

What’s happening?

Unfortunately for these mining giants, the iron ore price came crashing down to Earth during overnight trade.

According to Metal Bulletin, the catalyst for this weakness was Chinese authorities taking a stricter stance against steelmakers on steel production curbs and the start of sintering restrictions.

This ultimately led to the benchmark iron ore price falling a disappointing US$13.55 a tonne or 9.3% to US$131.50 a tonne.

It was a similar story for lower grade 58% fines iron ore, which fell 9% or US$9.84 a tonne to US$104.70 a tonne.

What now for BHP, Fortescue, and Rio Tinto shares?

Where BHP, Fortescue, and Rio Tinto shares go next will depend largely on what happens with the iron ore price.

Given how much iron ore contributes to their sales, higher prices have boosted their profits and underpinned generous dividend payments.

If there isn’t a rebound in the steel making ingredient in the near term, it could lead to revisions to earnings estimates for the miner.

For example, Goldman Sachs is currently forecasting an average iron ore price of US$178 a tonne in FY 2022 and then US$140 a tonne in FY 2023.  If prices don’t improve soon, it seems unlikely that they will average those levels during the coming financial years.

This could mean that these miners won’t be in a position to deliver on the broker’s forecasts, potentially putting their shares under pressure.

Though, as we have seen in the past, the iron ore price has a habit of surprising to the upside. So don’t count it out just yet.

The post Why BHP, Fortescue, & Rio Tinto shares could tumble today appeared first on The Motley Fool Australia.

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• How does the BHP (ASX:BHP) dividend compare to its sector?
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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 Afterpay Ltd (ASX: APT) share price just seems to be the gift that keeps on giving for ASX investors. Not only has this buy now, pay later (BNPL) pioneer shot up by more than 72% over the past 12 months, it has also managed to give investors a sizable 5.6% return over just the past month or so (since 5 August).

So what has gone so right for Aferpay investors over the past month?

Well, as anyone with even a remote interest in Afterpay would know by now, Afterpay is currently in the process of being acquired by the US payments giant Square Inc (NYSE: SQ). Last month, Afterpay announced that it would be bought out by Square in an all-scrip deal.

Once this deal reaches its conclusion, Afterpay investors will be receiving 0.375 shares of Square for every Afterpay share held.

Many investors historically struggled to value Afterpay. That’s due to the company’s status of boasting ballooning revenues but no profitability. At least as yet.

Afterpay share price worth whatever Squares

Well, that is no longer of any real concern. That’s because, in the time that Afterpay has left as its own public company, there’s a far easier way of valuing Afterpay shares: whatever 0.375 of a Square share is worth. That’s the price that Afterpay shares will eventually be acquired at. As such, it arguably represents the company’s ‘value’ to investors today.

So let’s check out what the Square share price has done over the past month or so. Since 5 August, Square shares have gone from roughly US$281.80 to the most recent price of US$269.74. That’s a fall of around 4%.

Even so, on today’s exchange rates and the most recent Square share price, this offer of 0.375 Square shares per Afterpay share means that the offer is currently worth an Afterpay share price of approximately $135.95.

Afterpay shares are still a way away from this price. Because of this, it’s possible that investors have moved to ‘close the gap’ over the past month or so. This would have the effect of pushing the Afterpay share price closer to the value of what 0.375 of a Square share is currently worth.

At Afterpay’s closing share price of $132.88, the company has a market capitalisation of $38.55 billion.

The post Here’s why the Afterpay (ASX:APT) share price is up 5% in a month appeared first on The Motley Fool Australia.

More reading

• Afterpay (ASX:APT) share price edges higher amid increasingly crowded BNPL space
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• How has the Square share price performed since announcing the Afterpay deal?

Motley Fool contributor Sebastian Bowen owns shares of Square. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and Square. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Motley Fool Australia Chief Investment Officer Scott Phillips joined Weekend Sunrise on Sunday to discuss some options for spring cleaning your finances with four ways to save money, as well as some of the very low mortgage rates on offer, so make sure you call your bank (or the competition) and #getabetterrate.

The post Spring clean your finances, and #getabetterrate. Scott Phillips on Weekend Sunrise appeared first on The Motley Fool Australia.

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• When was the best day ever on the CSL (ASX:CSL) share price chart?
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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.

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CSL Limited (ASX: CSL) is one of the biggest companies on the ASX, both by share price and market capitalisation.

That means historically, it’s likely been considered among the market’s more stable shares.

And in staying true to that, the best day ever experienced by the CSL share price saw it gain a respectable, but not altogether awe-inspiring, 12.49%.

So, what spurred the record gain in CSL shares? Let’s take a look.

The CSL share price’s best day on the ASX

On 18 January 2017, the CSL share price finished the day at $99.12. Then, the following day it closed a whopping 12.49% higher at $111.50.

The company’s best share price performance ever was spurred by the type of announcement most shareholders wish for — a profit upgrade.

On the morning of that January Thursday, CSL announced it expected to report a net profit after tax (NPAT) of around US$800 million for the 6 months ended 31 December 2016.

That was after adjusting for the one-off gains and costs associated with CSL’s acquisition of the Novartis influenza vaccines business, and a US$20 million currency exchange headwind.

Combining the company’s earnings for its first half of the 2017 financial year with ongoing expectations, led it to believe it would report NPAT growth of between 18% to 20% on a constant currency basis for FY17.

That was up from its previous guidance, wherein it expected to report NPAT growth of around 11%.

The unexpected increase in the company’s profits came from strengthened sales for the first half of FY17. Particularly, sales of its immunoglobulins and specialty products.

Coming back to reality, it’s hard to ignore how much CSL’s business has grown since 2017.

The CSL share price is now another 173% higher. It finished yesterday’s session trading at $305.08.

Additionally, in its results for the first half of FY21, the company posted US$1.81 billion of NPAT. Not bad for just 4 years of growth.

The post When was the best day ever on the CSL (ASX:CSL) share price chart? 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. 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.

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The A2 Milk Company Ltd (ASX: A2M) share price has been out of form over the last few weeks

Since this time in August, the fresh milk and infant formula company’s shares have fallen almost 6%.

This compares to a reasonably flat performance by the S&P/ASX 200 Index (ASX: XJO) over the same period.

Why is the A2 Milk share price underperforming?

Investors have been selling down the A2 Milk share price since the release of its disappointing full year results in late August.

For the 12 months ended 30 June, the company reported a 30% decline in revenue to NZ$1.21 billion and a massive 77.6% reduction in earnings before interest, tax, depreciation and amortisation (EBITDA) to NZ$123 million.

This was in line with the very bottom end of its final guidance for FY 2021.

Weak outlook

While a poor result was expected after its countless downgrades, its outlook appears to have really disappointed investors and put pressure on the A2 Milk share price.

That outlook commentary reveals that the company is still a long way from returning to form. So much so, another tough year is expected in FY 2022.

A2 Milk’s Managing Director and CEO, David Bortolussi, commented: “Overall, although a2MC believes the business will continue to make significant progress on many fronts, FY22 is expected to continue to be a challenging and volatile year.”

“Due to the actions taken in 4Q21 to address channel inventory and improve product freshness, coupled with strong brand health, the business is well-placed to adapt its strategy and execution to drive growth in the longer term. However, recovery in English label channels is expected to be slow and market growth in China will be subdued for some time,” he added.

No capital return and revamped growth strategy

Also weighing on the A2 Milk share price was news that management has decided against undertaking a capital return. Instead, it wants to preserve its balance sheet due to the market volatility.

Some of these funds are also expected to be reinvested in growth opportunities. Though, there’s no word on what these are at present. Management revealed that it is currently reviewing its growth strategy in response to a rapidly changing China infant formula market and structural factors in the daigou channel.

Time will tell if these changes lead to an improvement in its performance. But shareholders certainly will be hoping they do. The A2 Milk share price is down 66% over the last 12 months.

The post Here’s why the A2 Milk (ASX:A2M) share price is down 6% in a month appeared first on The Motley Fool Australia.

More reading

• Why the A2 Milk (ASX:A2M) share price is souring again today
• ASX quarterly rebalance: A2 Milk dumped from ASX 50, Nuix kicked out of ASX 200
• Top broker says A2 Milk (ASX:A2M) share price is a buy
• When was the best ever day on the A2 Milk (ASX:A2M) share price chart?
• A2 Milk and Zip were among the most traded ASX shares last week

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 A2 Milk. 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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Later today the Reserve Bank of Australia will be meeting to discuss the cash rate. According to a note out of Westpac Banking Corp (ASX: WBC), its economics team expect no changes to be made.

In fact, the bank continues to forecast the cash rate staying on hold at the record low of 0.1% until at least December 2022.

As a result, dividend shares look likely to remain the best option for income investors for the foreseeable future.

But which dividends shares should you consider buying? Three with big yields are listed below:

Adairs Ltd (ASX: ADH)

Adairs is a leading homewares and furniture retailer with both a physical presence and growing online presence. The latter includes through its Mocka brand. According to a note out of UBS, its analysts have a buy rating and $4.40 price target on its shares. It is forecasting a fully franked dividend of 21.9 cents per share in FY 2022. Based on the current Adairs share price of $4.08, this will mean a yield of 5.4%.

National Australia Bank Ltd (ASX: NAB)

This banking giant could be a top option for income investors. This is due to improving trading conditions, the Citi acquisition, and its cost management initiatives. Goldman Sachs is very positive on the bank. It has a conviction buy rating and $30.62 price target on the bank’s shares. In addition, the broker is forecasting a 4.6% dividend yield in FY 2022.

Telstra Corporation Ltd (ASX: TLS)

A final dividend share to look at is this telco giant. It is expecting to return to growth at long last in FY 2022, with management forecasting underlying EBITDA growth of 4.5% to 9%. The team at Morgans expect this to underpin a 16 cents per share fully franked dividend. Which based on the current Telstra share price of $3.90, will mean a yield of 4.1%. Morgans has an add rating and $4.34 price target on its shares.

The post 3 buy-rated ASX dividend shares with big yields appeared first on The Motley Fool Australia.

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• ASX 200 bank shares fall as AUSTRAC says risk of criminal activity is ‘high’
• Will ASX 200 shares be rocked by RBA taper talk tomorrow?
• Analysts name 2 ASX 200 dividend shares to buy
• Is the NAB (ASX:NAB) share price a buy for its 6.6% dividend yield?

Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. 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 Telstra Corporation 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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