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There are some S&P/ASX 200 Index (ASX: XJO) tech shares that may be good ideas to consider for the long-term with their growth plans.

Technology businesses can have higher-than-average profit margins if they deliver a product that is software based. It can be quite cheap for a business to replicate a piece of software, rather than having to make and ship a new table or TV.

These businesses are expecting more growth of both revenue and the profit margin over time:

TechnologyOne Ltd (ASX: TNE)

TechnologyOne is a rapidly growing, large software as a service (SaaS) company. It provides enterprise resource planning (ERP) software.

The ASX 200 tech share is investing in research and development (R&D) to increase its functionality and capabilities. One example is its new local government digital experience platform. It will “revolutionise how residents interact with councils”. TechnologyOne believes this will create an additional long-term platform for future growth.

The UK is another region that that could provide long-term growth. TechnologyOne says that it’s on track to deliver strong growth in the UK in FY21 with “significant” growth opportunities in the coming years.

TechnologyOne is expecting see its SaaS annual recurring revenue (ARR) to grow by more than 35% over the full FY21. In the first half, SaaS ARR was up 41% to $155.8 million.

Over the long-term, TechnologyOne sees its total ARR increasing to more than $500 million by FY26.

The ASX 200 tech share also said the economies of scale from its global SaaS ERP solution will see its profit before tax margin improve to 35% over time.

The broker Morgans currently rates TechnologyOne as a buy. It’s valued at 44x FY22’s estimated earnings according to Morgans and it rates the business as a buy.

Altium Limited (ASX: ALU)

Altium is a leading electronic PCB design software business. It’s already one of the leading players in the world and it wants to dominate the industry in the years ahead.

It has a number of software offerings including Altium Designer, Octopart and Altium 365.

Altium recently attracted the attention of Autodesk, one of the world’s biggest software businesses. There was a formal bid of $38.50 per share, and informal talk of potentially more. But it came to nothing.

The ASX 200 tech share’s management believes that the value of the business is significantly higher.

In justifying the takeover rejection, Altium stated:

Altium’s strong track record of setting ambitious long-term and achieving them, gives the Altium board confidence in the company’s ability to pursue its transformative strategy for the electronics industry and to achieve its 2025 financial goals. Having successfully pivoted to the cloud, Altium is now well positioned to pursue market dominance and industry transformation. The adoption of Altium’s cloud platform is transforming Altium’s business model from maintenance-based subscription to capability-based SaaS subscription.

In 2025, the business is aiming for $500 million of revenue with 100,000 subscribers. These numbers are set as a measure of dominance. It’s also aiming for an earnings before interest, tax, depreciation and amortisation (EBITDA) margin of between 39% to 44% by 2025.

The cloud platform of Altium 365 is a key part of the ASX 200 tech share’s plans which could unlock both indirect and direct monetisation. Direct possibilities include things like premium services (like Amazon Prime) and transaction fees (like Airbnb).

According to Commsec, the Altium share price is valued at 55x FY23’s estimated earnings.

The post These 2 leading ASX 200 tech shares could be good ideas appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Altium. The Motley Fool Australia owns shares of and has recommended Altium. 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 Carsales.com Ltd (ASX: CAR) share price will be one to watch this reporting season.

With more COVID-19 induced lockdowns and border closures, there could be pent-up demand amongst consumers.

As a result, investors will be keen to see how Carsales performed during this period.

These operating conditions are very similar to the ones faced by the online automotive company last year.

Let’s take a look at how the Carsales share price responded last earnings season.

Here’s how Carsales shares responded last year

The Carsales share price was given a jump-start after reporting its results for FY20.

Shares in the online automotive company soared more than 4% higher on the day.

Despite the impacts of COVID-19, the company revealed growth in revenue and profits.

Carsales reported adjusted revenue of $423 million for FY20, a 1% increase on the year prior.

In addition, the company saw earnings before interest, taxes, depreciation and amortisation (EBITDA) grow 6% to $237 million.

Carsales also reported EBITDA margins of 55%, reflecting the company’s strong operating leverage and cost control.

 In addition, Carsales also declared a final dividend of 25 cents per share which was on par with the previous year.

Carsales share price snapshot

The Carsales share price has continued its strong momentum into 2021, currently nudging record highs.

Shares in the online automotive company have soared more than 14% since the start of the year.

Carsales operates the largest online automotive, motorcycle, and marine online classifieds business in Australia.

The company’s operations have also expanded into South Korea and Brazil.

Following the pandemic, Carsales cited a strong rebound in demand for vehicles across multiple international markets as a driver of growth.

For FY21, Carsales expects revenue between $433 million to $437 million. In addition, the company expects an increase in net profit after tax, forecasting estimates of $149 million to $153 million for the year.

Analysts at UBS have parried their positivity on the company.

The broker recently slapped a buy rating on shares in Carsales with a share price target of $24.

UBS also forecasts Carsales to pay out dividends of 44 cents per share in FY21.

Carsales is listed to report its earnings for the full year on Monday the 16^th of August.  

The post How did the Carsales (ASX:CAR) share price respond last earnings season? appeared first on The Motley Fool Australia.

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Motley Fool contributor Nikhil Gangaram 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 carsales.com 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 BHP Group Ltd (ASX: BHP) dividend could be something to keep an eye on following the recent collapse in iron ore prices.

What happened to iron ore?

Iron ore prices have managed to defy gravity, holding well above the US$200/tonne level between May and July this year.

These sky-high prices would support a generous interim BHP dividend of $1.311 on 4 March. However, prices would rapidly deteriorate in August as a result of steel production mandates in China.

China is hoping to limit production on its steel mills to ensure production is no more than 2020 figures.

Steel output grew by more than 12% in the first half of this year, which suggests a significant cutback could take place in the second half.

This news would see iron ore spot prices nosedive from highs of around US$220/tonne in July to less than US$170.

Despite the sudden collapse of iron ore prices, BHP would hold its ground, edging just 2.20% lower in August.

In contrast, pure play iron ore miners such as Fortescue Metals Group Limited (ASX: FMG), Champion Iron Ltd (ASX: CIA) and Mount Gibson Iron Limited (ASX: MGX) have all tumbled more than 15% this month.

Is the BHP dividend at risk?

The BHP dividend could be at risk in a world where iron ore prices continue to weaken.

The Australian reported commentary from Morgans Financial analyst Adrian Prendergast who said “the share prices of the big iron ore miners are likely to come under pressure as they trade ex-dividend”.

“We still view the value downside vs. big dividend return as a trade-off that on a total return basis is skewed to the downside for the big iron ore miners,” Prendergast said.

He added that “[investors] looking to lighten positions opportunistically in the big miners should consider waiting to see their full-year results, but then trim before these stocks go ex-dividend”.

The post BHP (ASX:BHP) dividend in spotlight amid China iron ore cutback appeared first on The Motley Fool Australia.

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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.

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The S&P/ASX 200 Index (ASX: XJO) was on form again last week and stormed higher. The benchmark index rose 90.5 points or 1.2% to finish the period at 7,628.9 points.

Unfortunately, not all shares were able to climb higher with the market. Here’s why these were the worst performing ASX 200 shares last week:

Silver Lake Resources Limited (ASX: SLR)

The Silver Lake share price was the worst performer on the ASX 200 last week with an 11.1% decline. Investors were selling the gold miner’s shares after the price of the precious metal tumbled amid concerns that the US Fed may taper sooner than expected. For the same reason, the shares of Resolute Mining Limited (ASX: RSG) and Ramelius Resources Limited (ASX: RMS) fell heavily. They were down 10.7% and 10%, respectively.

News Corporation (ASX: NWS)

The News Corp share price wasn’t far behind with a 10.8% decline over the five days. This was despite the media giant being the subject of a number of positive broker notes. One of those came from Macquarie on Monday. It retained its outperform rating with a slightly trimmed price target of $49.00. This compares to the current News Corp share price of $31.39.

Champion Iron Ltd (ASX: CIA)

The Champion Iron share price was out of form and tumbled 8.1% over the week. Investors were selling the Canadian iron ore producer’s shares after the price of the steel making ingredient dropped. Concerns over steel production curbs in China and rising supply are weighing on prices.

Rio Tinto Limited (ASX: RIO)

The Rio Tinto share price was under pressure and fell 7.5% last week. This decline was driven by Rio Tinto’s shares going ex-dividend on Thursday for its interim and special dividends. The mining giant is paying its shareholders fully franked dividends totalling 760.06 cents per share. This comprises an interim dividend of 509.42 cents per share and a special dividend of 250.64 cents per share.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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 Telstra Corporation Ltd (ASX: TLS) share price was on form last week.

In response to a solid full year result, the telco giant’s shares rose to a new 52-week high of $4.02 before edging back a touch.

This means the Telstra share price is now up almost 32% since the start of the year.

Where next for the Telstra share price?

The good news for shareholders is that a number of leading brokers believe the Telstra share price can keep on rising.

One of those is Morgans. Last week its analysts retained their add rating and lifted their price target on the company’s shares to $4.34.

Based on the latest Telstra share price, this implies potential upside of almost 10% over the next 12 months.

And with Morgans forecasting another fully franked dividend of 16 cents per share in FY 2022, this potential return stretches to almost 14%.

What did Morgans say?

Morgans was pleased with Telstra’s performance in FY 2021, noting that it was “the first time in years that TLS has delivered a good, clean result.”

Looking ahead, there are three key reasons why the broker is positive on the company.

It explained: “Three key reasons for our Add rating are: 1) industry dynamics are improving (mobile prices are finally increasing); 2) the SOTP [sum of the parts] for TLS is worth more than the current share price (and steps to release this value are underway); and 3) Underlying EBITDA has returned to growth from 2H21 (and should continue growing over the next few years) which means earnings have found a base.”

All in all, although the Telstra share price is outperforming the ASX 200 by a significant margin this year, the broker doesn’t believe it is too late for investors to pick up shares.

The post Is the Telstra (ASX:TLS) share price still good value? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended 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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It was another positive week for the S&P/ASX 200 Index (ASX: XJO). The benchmark index stormed 90.5 points or 1.2% higher to finish the period at 7,628.9 points.

While a good number of ASX 200 shares pushed higher with the market, some climbed more than most. Here’s why these were the best performers on the index last week:

GrainCorp Ltd (ASX: GNC)

The GrainCorp share price was the best performer on the ASX 200 last week with a 14% gain. Investors were buying the integrated grain and edible oils company’s shares after it upgraded its guidance. GrainCorp now expects its underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to be in the range of $310 million to $330 million in FY 2021. This is up from its previous guidance of $255 million to $285 million. The high end of its new guidance range is more than triple FY 2020’s underlying EBITDA of $108 million.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price was back on form and rose 13.6% last week. This appears to have been driven by a combination of bargain hunters and a positive announcement late in the week. In respect to the former, PointsBet’s shares fell heavily earlier this month after undertaking a $400 million capital raising. As for the latter, on Friday the company announced the receipt of regulatory approval from the West Virginia Lottery Commission. This has allowed PointsBet to launch online sports betting operations in West Virginia with immediate effect.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price wasn’t far behind and stormed 12.1% higher over the five days. This follows the release of a strong first half first half result. QBE revealed gross written premium growth of 26.9% to US$10,203 million and an adjusted cash profit after tax of US$463 million. The latter compares to a US$66 million loss in the prior corresponding period. This was driven by premium increases, customer retention, and new business.

Downer EDI Limited (ASX: DOW)

The Downer share price was a positive performer and jumped 12%. This was driven by a positive response to the company’s full year results. For the 12 months ended 30 June, the integrated services provider reported a 21.4% increase in underlying net profit after tax and amortisation to $261.2 million. This went down well with analysts at Macquarie. In response, the broker retained its outperform rating and lifted its price target to $6.40.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The small end of the Australian share market is home to a number of companies with the potential to grow strongly in the future.

Three small caps that investors may want to get better acquainted with are listed below. Here’s why they should be on your watchlist:

Booktopia Group Ltd (ASX: BKG)

The first small cap ASX share to watch is Booktopia. It is an online book retailer which has been growing at a rapid rate in FY 2021. For example, during the first half Booktopia delivered a 51.1% increase in revenue to $112.6 million and a massive 502.3% jump in underlying EBITDA to $8 million. Pleasingly, its strong sales growth has continued since the end of the first half. The company’s revenue increased 53% during the third quarter. Management advised that this strong growth is being driven its new distribution centre, which is allowing it to capitalise on the shift to online shopping.

Damstra Holdings Ltd (ASX: DTC)

Another small cap ASX share to watch is Damstra. This integrated workplace management solutions provider’s cloud-based workplace management platform is used by businesses globally to track, manage, and protect their workers and assets. Damstra has been a growing its top line at a solid rate in recent years and has continued this positive form in FY 2021. During the first half, the company reported a 29.6% increase in revenue to $13.3 million. Even when annualised, this is still only a fraction of a total addressable market (TAM). Management expects its TAM to be worth US$20 billion by 2022.

IntelliHR Ltd (ASX: IHR)

A final small cap ASX share to watch is IntelliHR. It is a cloud-based human resources and people management platform provider. IntelliHR has been growing its subscribers and annual recurring revenue (ARR) strongly over the last couple of years. This is being driven by the shift to the cloud and its international expansion. Looking ahead, management sees continued revenue growth in new and existing markets and further investment in both R&D and sales and marketing resources. The latter is to capitalise on a large and fast-growing global market.

The post 3 small cap ASX shares investors should watch very closely appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Damstra Holdings Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Booktopia Group Limited. The Motley Fool Australia owns shares of and has recommended Damstra Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) hit a new record again today. It ended 0.5% higher to 7,629 points.

Here are some of the highlights from the ASX:

Baby Bunting Group Ltd (ASX: BBN)

The Baby Bunting share price dropped 4.5% today after the retailer released its FY21 result to the market.

Baby Bunting reported that total sales increased by 15.6% to $468.4 million. Comparable store sales grew 11.3% and online sales went up 54.2%. Digital sales accounted for 19.4% of total sales.

The business revealed even faster profit growth. Pro forma earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 29.2% to $43.5 million and pro forma net profit after tax increased by 34.8% to $26 million. Statutory profit rose by 76% to $17.5 million.

After this profit growth, the company decided to increase the full year dividend by 34.1% to 14.1 cents. This included a final dividend declared of 8.3 cents per share.

The Baby Bunting CEO Matt Spencer said:

While the new financial year has started with some disruptions from ongoing lockdowns, our experience has been that any short-term sales impact is recovered quickly once lockdowns have eased. While FY22 may have more surprises, our operating strength in our category and transformation plans should see us well placed in the period ahead.

The company said that comparable store sales as at 12 August 2021 were down 6.4% in the year to date.

But it expects to open another three new stores in the first half of FY22.

Pointsbet Holdings Ltd (ASX: PBH)

The Pointsbet share price went up over 2% after announcing another expansion in the USA.

It announced that its West Virginia business has received regulatory approval from the West Virginia Lottery Commission and has launched online sports betting operations in West Virginia.

West Virginia marks the seventh operational state for Pointsbet’s sports betting product, after the successful launches in New Jersey, Iowa, Indiana, Illinois, Colorado and Michigan. It also currently operates in iGaming in New Jersey and Michigan.

The CEO of Pointsbet USA, Johnny Aitken, said:

Launching in West Virginia represents further progress for Pointsbet and presents another tremendous opportunity we are excited to attack.

As always, Pointsbet will provide this passionate, sports-loving community with a fast and reliable online sports betting product across every customer touchpoint. We are thrilled to now introduce West Virginian sports bettors to the competitive advantages Pointsbet possesses in owning our technology end-to-end, such as our speed and ease of use as well as a deep slate of betting options for every NFL, NBA, MLB, NHL, WNBA, and PGA TOUR contest.

The company also plans to launch its online casino product in West Virginia by the end of the 2021 calendar year.

Air New Zealand Limited (ASX: AIZ)

The company announced today it was going to defer its capital raising. The Air New Zealand share price rose 1%. 

A few months ago, Air New Zealand announced its intention to complete a capital raising, with components of both debt and equity before 30 September 2021.

The airline pointed out that the government provided its plan to reconnect New Zealanders to the world in relation with COVID-19. This included update vaccination rollout plans, a phased approach to reopening borders and, from the first quarter of the 2022 calendar year, a phased introduction of an individual risk-based approach to border settings that will establish various pathways of entry into the country.

Air New Zealand has received a letter from the Minister of Finance outlining his view that that the current environment is not sufficiently certain and stable to enable the ‘Crown’ to provide a firm pre-commitment to support the planned equity raise at this time.

The airline has decided to defer its planned capital raising until the first available window in the first quarter of the 2022 calendar year.

However, Air New Zealand said the ‘Crown’ did say that it was committed to maintaining a majority shareholding of the company and would take part in the capital raising to maintain its majority shareholding, if the Cabinet were satisfied with the terms of the raising.

The company and the Minister of Finance have agreed that the step up of interest rates will no longer apply with the ‘Crown’ standby facility available through to September 2023.

The post ASX 200 up, Baby Bunting drops, Pointsbet rises appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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 Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re wanting to boost your portfolio with a couple of growth shares, then you may want to consider the ones listed below.

Here’s why these ASX growth shares have been rated as buys:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. Founded in Sydney in 1932, Breville has grown to become one of the world’s leading appliance manufacturers.

The good news is that its growth shows no signs of stopping. This is thanks to its international expansion, R&D investment, and favourable tailwinds. The latter includes the work from home trend, which is underpinning strong demand for cooking equipment and coffee machines.

During the first half of FY 2021, Breville reported a 28.8% increase in revenue to $711 million and a 29.2% increase in net profit after tax to $64.2 million. Positively, more of the same is expected in the second half. Management is guiding to earnings before interest and tax of $136 million. This will be a 20% increase year on year.

Analysts at UBS believe its growth can continue for some time to come. As a result, the broker has a buy rating and $35.70 price target on its shares.

Xero Limited (ASX: XRO)

Another ASX growth share to consider is Xero. It is a leading provider of a cloud-based business and accounting solution to small and medium sized businesses globally.

Over the last few years, Xero has been growing at a consistently strong rate. This has been driven by the shift to the cloud, its international expansion, and acquisitions. The latter includes the $284.6 million acquisition of workforce management platform, Planday, earlier this year.

These acquisitions are expected to support the monetisation of its app ecosystem. This is something which Goldman Sachs is particularly positive on. It believes Xero could have a multi-decade runway for strong growth if management can successfully monetise it.

Goldman is very bullish on its future. As such, it has a buy rating and $165.00 price target on its shares.

The post 2 ASX growth shares brokers love appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns 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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Today, the S&P/ASX 200 Index (ASX: XJO) ascended to yet another new record high to finish the week. The benchmark index gained 0.54% to 7,628.9 points.

The question is: which shares delivered the most generously to investors on the ASX today? Here are the ten stocks that rose to the occasion:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Downer EDI Limited (ASX: DOW) was the biggest gainer today. Shares in the company increased 5.2% following its positive FY21 results yesterday. Find out more about Downer here.

The next biggest gaining ASX share today was Premier Investments Limited (ASX: PMV). The speciality retailer’s shares climbed 4.94% to $28.49 after a bullish broker note from UBS this morning. Uncover the latest Premier Investments details here.

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

ASX-listed company	Share price	Price change
Downer EDI Limited (ASX: DOW)	$6.07	5.20%
Premier Investments Limited (ASX: PMV)	$28.49	4.94%
Star Entertainment Group Ltd (ASX: SGR)	$3.51	4.78%
AGL Energy Limited (ASX: AGL)	$7.47	4.04%
QUBE Holdings Ltd (ASX: QUB)	$3.07	3.72%
AMP Ltd (ASX: AMP)	$1.155	3.59%
Treasury Wine Estates Ltd (ASX: TWE)	$12.25	3.38%
Wisetech Global Ltd (ASX: WTC)	$35.03	3.18%
Origin Energy Ltd (ASX: ORG)	$4.45	2.77%
Skycity Entertainment Group Limited (ASX: SKC)	$3.07	2.68%

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

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended WiseTech Global. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited, Treasury Wine Estates Limited, and WiseTech Global. 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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