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The Dubber Corp Ltd (ASX: DUB) share price is soaring today despite no news having been released by the company.

Dubber stocks have broken through its point of resistance to reach its highest price since before it shifted from gold mining to technology in 2015.

Dubber now operates a call recording, management, and access service through its cloud-based platform.

Right now, the Dubber share price is $3.40, 5.26% higher than its previous close.

However, earlier today the Dubber share price reached $3.44, representing a 6.5% gain.

Let’s take a look at what might be driving Dubber higher today.

The latest from Dubber

The last time we heard from Dubber was just last week when the company announced a successful capital raise.

Its unclear whether the gains the Dubber share price is experiencing today is a belated reaction to the announcement.

Last Tuesday, Dubber announced it successfully underwent an institutional placement as part of a $110 million capital raise.

The placement announced by Dubber was the first tranche of a 2 tranche capital raise.

As part of the first tranche, more than 33 million Dubber shares were offered for $2.95 a piece.

The second tranche is dependent on shareholder approval and is expected to take place in September.

The company didn’t state what it plans to use the funds for.

However, Dubber’s CEO commented on a “unique opportunity” that would allow the company to “not only become one of Australia’s leading technology companies, but a true global leader in our field”.

The company also stated it plans to increase its reoccurring revenue by 156% to reach $100 million per year.

Dubber share price snapshot

The Dubber share price has been performing well on the ASX lately.

It has gained an impressive 94% since the start of 2021. It has also increased by 165% since this time last year.

The company has a market capitalisation of around $938 million, with approximately 257 million shares outstanding.

The post The Dubber (ASX:DUB) share price is soaring 5% today appeared first on The Motley Fool Australia.

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• Why a2 Milk, Aurelia Metals, Dubber, & Freelancer shares are sinking
• Dubber (ASX:DUB) share price slides 7% after successful $110 million capital raising
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• 2 exciting mid cap ASX growth shares to watch
• Dubber Corp (ASX:DUB) share price hits 52 week high today

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 Dubber Corporation. The Motley Fool Australia owns shares of and has recommended Dubber Corporation. 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 Coles Group Ltd (ASX: COL) share price has soared 7% this past month.

Shares in the supermarket giant started the month of July at around $16.75. At the time of writing, the Coles share price has continued its strong run, trading at around $17.95 today.

Let’s take a look at what’s been fueling Coles’ good performance this past month.

Lockdowns could be fueling the Coles share price

It seems the share price could be benefiting from increased consumer demand given the ongoing COVID-19 induced lockdowns.

With a majority of the Australian population experiencing some form of lockdown in the past month, essential businesses like Coles stood to benefit.

In its half-year report released earlier this year, the supermarket giant noted increased demand for in-home consumption had driven growth.

For the half-year, Coles reported an 8% increase in revenue to $20,569 million. This comprised supermarket sales of $17,800 million, liquor sales of $1,946 million and express sales of $632 million.

Coles provides attractive dividends

One of the most attractive aspects of owning Coles shares is their dividend.

Following its demerger from conglomerate Wesfarmers Ltd (ASX: WES) in 2018, Coles has been committed to providing shareholders with a high dividend payout ratio.

In 2020, the group paid an interim dividend of 30 cents per share. This was jacked up to 33 cents when Coles declared its interim dividend for 2021.

Outlook for the Coles share price

Recently, analysts from noted broker Goldman Sachs provided a positive outlook on the Coles share price.  

According to analysts, Coles offers solid long term growth prospects, a generous dividend policy, and defensive qualities.

Analysts slapped a buy rating on the supermarket giant, with a price target of $20.70 on its shares.

As a result, many investors will be tuning in this reporting season to see how the supermarket giant performed in the past financial year.

Coles is slated to report its earnings for FY2021 on Wednesday 18 August.

The post Here’s why the Coles (ASX:COL) share price is up 7% this last month appeared first on The Motley Fool Australia.

More reading

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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 owns shares of and has recommended COLESGROUP DEF SET and Wesfarmers 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a gain. At the time of writing, the benchmark index is up 0.25% to 7,494 points.

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

Argosy Minerals Limited (ASX: AGY)

The Argosy Minerals share price 3.5% to 14.5 cents. Investors have been buying this lithium explorer’s shares following the release of an update on its Rincon Lithium Project in Argentina. According to the release, Argosy has secured plant and equipment items for its 2,000tpa lithium carbonate production operation. This means it is on track to complete the construction phase during the first quarter of 2022.

Genworth Mortgage Insurance Australi Ltd (ASX: GMA)

The Genworth Mortgage Insurance Australia share price has jumped 7% to $2.27. This follows the release of the mortgage insurance company’s half year results. Genworth Mortgage Insurance Australia reported a 21.1% increase in gross written premium revenue to $289.7 million and a statutory net profit of $59.4 million. The latter compares to a $90 million net loss in the prior corresponding period.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan Energy share price has rocketed 18% higher to $11.78. This morning the lithium developer revealed that its Zero Carbon Lithium Project will produce negative carbon emissions. The release explains that Vulcan has found the project will remove 2.9 tonnes of carbon dioxide from the atmosphere for every tonne of lithium hydroxide monohydrate produced.

Zip Co Ltd (ASX: Z1P)

The Zip share price is up a further 2.5% to $7.98. This latest gain means the buy now pay later (BNPL) provider’s shares are up 20% this week. The catalyst for this has been the acquisition of Afterpay Ltd (ASX: APT) by Square. This has sparked hopes that Zip might become a takeover target as well. Particularly given recent speculation that Klarna has been building a strategic position in the company.

The post Why Argosy Minerals, Genworth, Vulcan, & Zip shares are charging higher appeared first on The Motley Fool Australia.

More reading

• Square earnings, what it means for the Afterpay (ASX:APT) share price?
• Here’s why the Vulcan (ASX:VUL) share price is rocketing 11% higher
• The Zip (ASX:Z1P) share price is zooming higher once more
• Here’s why the Argosy (ASX:AGY) share price is climbing today
• Afterpay share price keeps climbing. RBA surprisingly bullish. Scott Phillips on Nine’s Late News

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 AFTERPAY T FPO and ZIPCOLTD FPO. 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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The Woolworths Group Ltd (ASX: WOW) share price is in the green today as the company announces it’s converting two Western Sydney supermarkets into online delivery hubs.

Woolworths’ Cecil Hills and Fairfield supermarkets will soon close temporarily as part of activity to support the company’s online delivery service.

Right now, the Woolworths share price is $39.49, 0.8% higher than its previous close.

Let’s take a closer at today’s news from Woolworths.

Supermarkets converted to online hubs

The Woolworths share price is up amid news two Western Sydney supermarkets will close.

Woolies will repurpose the supermarkets into online order distribution hubs. The new hubs will help the supermarket giant fill thousands more online orders each week.

Woolworths Fairfield will close to in-store customers at 10pm tonight.

All staff will continue to work at the hubs, charged with packing online orders.

The same fate awaits Woolworths Cecil Hills. It will close to in-store shoppers from 10pm on Friday.

According to Woolworths, they selected these stores to minimise the impact on local shoppers. Each site has between three and four Woolworths stores within a 5-kilometre radius.

Woolworths is also looking to hire 200 new staff members in Sydney to help deliver online and direct-to-boot orders.

Commentary from management

Woolworths’ operations manager for Western Sydney, Ian Roper, commented on the news that might be driving the company’s share price today:

The demand for online delivery continues to grow, particularly in Western Sydney, with more customers in self-isolation or seeking to limit their outings…

It’s an uncertain time for many in Sydney, and this will provide extra delivery capacity where it’s most needed to support the essential grocery needs of many more customers online.

Woolworths share price snapshot

The Woolworths share price has been having a good year so far.

It’s currently 13.77% higher than it was at the start of 2021. It has also increased by 12% since this time last year.

The retail monolith has a market capitalisation of $50 billion, with approximately 1.2 billion shares outstanding.

The post Woolworths (ASX:WOW) share price up as stores converted to online hubs 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 Kogan.com Ltd (ASX: KGN) share price has fallen by 6% over the last month.

Indeed, it has actually dropped by over 10% since 19 July 2021.

Trading update

On 21 July 2021, the e-commerce business released a trading update.

In it, Kogan said that after a continued focus on ‘improving customer value’, the trading performance in June 2021 saw an acceleration in the delivered gross sales, gross profit and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA).

Kogan also told investors how it had performed in FY21 with some of its financial numbers.

FY21 gross sales grew by more than 52%, revenue rose more than 56% and gross profit went up by more than 60%.

However, adjusted EBITDA only increased by around 23%, suggesting a sizeable decrease of the adjusted EBITDA margin over the last six months of FY21.

Active customers went up 46% over the financial year to 3.2 million. Mighty Ape finished with 764,000 active customers.

The company’s total inventory amounted to $228.1 million at the year end, with $191.8 million in warehouses and $36.3 million transit. Management said this reflected a significant unwinding of inventories received during the second half. The inventory issues could be a sizeable reason for Kogan share price’s decline.

In the latter stages of 2020, Kogan thought the customer level of demand seen in the first half of FY21 would continue in the second half, and potentially grow further still. So the e-commerce business invested in inventory and operational capacity to be able to fulfil that growth.

But that demand didn’t eventuate. The company ended up with too much stock.

Kogan has been focusing on “strong promotions” to bring inventory to the right level for the size of the business. This, combined with high warehousing costs, impacted the financial performance in the second half.

Management revealed in the trading update that the efforts to bring down levels of inventory have “come a very long way” and inventory is “approaching” the right level for the business.

Is there hope of a recovery for the Kogan share price?

Kogan is expecting improved efficiency from here with its inventory and operations.

The CEO of Kogan, Ruslan Kogan, seems confident on the business being able to keep offering a better service for customers. He said:

More customers than ever are turning to Kogan.com for convenience, range and price. We are proud to have been able to service more than 3 million Australians during the challenging year behind us, all while expanding our warehousing operations, enhancing Kogan First membership rewards, and rolling out new exciting projects that will further improve delivery times and customer experience in the near future.

The broker Credit Suisse has a positive outlook on the Kogan share price, despite the inventory issues that it has been facing. Credit Suisse thinks that Kogan shares represent good value.

Its price target for Kogan is $15.21, suggesting a potential rise of over 40% over the next 12 months. Using the broker’s earnings estimate, the current Kogan share price is valued at 30x FY22’s estimated earnings.

The post The Kogan share price is down 6% this last month appeared first on The Motley Fool Australia.

More reading

• 2 beaten-up ASX shares that could be buys in August 2021
• These are the 10 most shorted ASX shares
• 2 buy-rated growth shares for ASX investors in August
• The Kogan (ASX:KGN) share price was a lockdown winner, so what’s going on now?
• These are the 10 most shorted ASX shares

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 Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com 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 ResApp Health Ltd (ASX: RAP) share price is flying higher today, up 25%.

The company – which provides health care solutions for respiratory diseases via smartphone applications – emerged from Monday’s trading halt this morning.

And investors appear to be driving the ResApp share price higher following 2 separate market announcements. We take a look at those below.

What did ResApp announce?

ResApp’s share price is soaring after the ASX healthcare share reported it has signed a software licence agreement with Indonesian-based telehealth company Alodokter.

Under the agreement, Alodokter, the largest provider of telehealth services in Indonesia, will integrate ResAppDx in its chat and telehealth services.

Alodokter plans to launch ResAppDx, a smartphone-based acute respiratory diagnostic test, on its platform before 1 December. According to the announcement, that platform connects more than 50,000 doctors and 1,500 hospitals and clinics with millions of Indonesian patients.

Commenting on the software licence agreement, Alodokter’s CEO Nathanael Faibis said, “ResApp’s technology will allow us to serve more patients in a remote, telehealth setting and effectively diagnose and treat their respiratory disease.”

Faibis added that his company was “very impressed with the simplicity, ease of use and accuracy of ResAppDx”.

ResApp’s CEO Tony Keating said, “This partnership will create value for ResApp, Alodokter and our collective shareholders and stakeholders.”

The agreement remains subject to approval from Indonesian regulators. ResApp said it expects to obtain that approval this quarter.

What was ResApp’s other news?

The ResApp share price also looks to be getting a lift from a separate licencing announcement this morning.

The company reported it has signed a commercial licence agreement with Medgate AG to use ResAppDx on Medgate’s telehealth platform in Europe and the Philippines.

Medgate provides telehealth services and operates the largest telemedical centre run by doctors in Europe.

Keating commented:

Medgate is a long-standing, global leader in telehealth and we are pleased to enter into a commercial licence agreement that provides ResAppDx for the benefit of their clinicians and patients.

We are delighted to secure our first commercial telehealth license agreement in Europe and receive a positive endorsement of ResAppDx by such a successful leader in the telehealth field.

The agreement is for an initial 1-year term.

ResApp share price snapshot

Despite today’s surge, the ResApp share price remains down 63% over the past 12 months, a period which has seen the All Ordinaries Index (ASX: XAO) gain 26%.

Year-to-date, ResApp’s share price has continued to struggle, down 40%.

The post Why the ResApp (ASX:RAP) share price is flying 25% higher today appeared first on The Motley Fool Australia.

More reading

• Woolworths (ASX:WOW) share price up as stores converted to online hubs
• The Kogan share price is down 6% this last month
• Why is the Dreadnought Resources (ASX:DRE) share price down 7% today?
• Here’s why the Boral (ASX:BLD) share price is falling today
• Why the EcoGraf (ASX:EGR) share price is up 11% on Wednesday

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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Dreadnought Resources Ltd (ASX: DRE) finished the month of July on a busy note, with eight updates provided to the market before the month’s end.

Despite this, the Dreadnought Resources share price has given away 37% from its five-year high on 23 June.

At the time of writing, the Dreadnought Resources share price is down almost 7% at 4 cents apiece.

Here we cover the tension points in the Dreadnought share price lately.

Quick refresher on Dreadnought Resources

Dreadnought is an exploration company with expertise in the development of gold and other natural resource assets in the Northern Territory, Australia.

The Dreadnought Resources share price hit its 52-week high on 23 June at 6.2 cents. Dreadnought has a market capitalisation of $111 million at the time of writing.

Quarterly results fail to gain market’s attention

Dreadnought released its quarterly activities report on 30 July. It contained several progress updates at the company’s 3 core projects.

Dreadnought completed a number of surveys and reverse circulation (RC) drilling programs in the quarter just past.

In the report, Dreadnought also detailed an “option agreement” the company entered into regarding the base metal rights at its Mangaroon site.

As per Dreadnought’s report, the agreement is structured in the following way:

The option provides FQM with the right, following the completion of an exploration program funded by FQM, to earn a 51% interest in Mangaroon by spending $15m and a further 19% interest by sole funding all expenditure up until a decision to mine

Dreadnought shares have fallen 7% since the release of its quarterly activities report.

Before this update, on 26 July, the company announced it had exercised a conversion of 109,090,909 ordinary, fully paid shares via 600,000 convertible notes as per the noteholders.

Selling pressure has continued on Dreadnought shares since this event until today.

There is no market-sensitive information for the company today so it appears these recent events may have an implication on the Dreadnought Resources share price.

Dreadnought Resources share price snapshot

Despite the short-term drop, the Dreadnought Resources share price has lifted 95% year to date and is up 333% over the past 12 months.

These returns have outpaced the S&P/ASX 200 Index (ASX: XJO), which has gained around 26% over the past year.

The post Why is the Dreadnought Resources (ASX:DRE) share price down 7% today? appeared first on The Motley Fool Australia.

More reading

• Why the Dreadnought Resources (ASX:DRE) share price soared 11% today
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• Why the Dreadnought Resources (ASX:DRE) share price is charging 8% higher

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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The Boral Limited (ASX: BLD) share price is falling today despite no news having been released by the company.

Today’s drop sees Boral stock trading for 5% less than it was when Seven Group Holdings Ltd‘s (ASX: SVW) takeover offer closed on Friday.

Right now, the Boral share price is 2.24% lower than its closing price yesterday. Boral shares are swapping hands for $6.97 – 33 cents less than what Seven Group was paying for them just last week.

At the same time, the S&P/ASX 200 index (ASX: XJO) has gained 0.26% today. The All Ordinaries Index (ASX: XAO) is also in the green, gaining 0.26%.

Let’s take a closer look at what might be weighing on Boral’s shares.

The latest news from Boral

The Boral share price is falling during its first week under Seven Group’s control.

The last time we heard from the company was when Seven Group’s CEO announced changes to the Boral board.

The major change was the outing of Boral’s now-former chair Katheryn Fagg.

Seven Group’s CEO and managing director Ryan Stokes has instead taken the wheel on Boral’s board.

Other changes to the construction supply company’s board include the instatement of Seven Group’s chief financial officer Richard Richards and the impending retirement of Peter Alexander and Deborah O’Toole.

News of the changes broke on Friday morning. The Boral share price fell 2.7% in response.

Stokes claims he still intends for Boral’s board to be made up of a majority of independent directors.

Boral share price snapshot

Despite being in the red today, Boral price has been performing well on the ASX lately.

It has gained 40% since the start of 2021. It is also 88% higher than it was this time last year.

The company has a market capitalisation of around $7.8 billion, with approximately 1.1 billion shares outstanding.

The post Here’s why the Boral (ASX:BLD) share price is falling today appeared first on The Motley Fool Australia.

More reading

• Boral (ASX:BLD) share price falls as Seven wins takeover and outs chair
• Boral (ASX:BLD) share price struggles as Seven waits to take over
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• These ASX 200 CEOs have the most wealth tied up in their companies
• Why the Boral (ASX:BLD) share price has gained 45% in 6 months

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 EcoGraf Ltd (ASX: EGR) share price has jumped into the green this Wednesday, extending the return over the last week to 27%.

Shares in the battery materials and technology company are now exchanging hands at 88.5 cents, an 11.32% gain from the market open.

What’s up with the EcoGraf share price today?

Investors continue buying EcoGraf shares since the company announced its plans to gain market share in the lithium-ion battery market.

EcoGraf recently signed a “land reservation agreement” with a locality in Sweden, thereby expanding its footprint in Europe.

The site offers renewable energy benefits and boasts low costs of production to compress operating margins.

As a result, EcoGraf states the site is eco-friendly and, therefore, aligns with the company’s sustainable production process.

EcoGraf’s process involves removing “toxic hydrofluoric acid (HF)” via a patented technology process.

The company also released its quarterly report at the end of July. In it, EcoGraf detailed it finished the quarter well capitalised with $52.6 million in cash on its balance sheet.

Moreover, the company explained the Battery Anode Material facility in WA was given major project status.

Furthermore, EcoGraf successfully secured an Australian government funding facility of US$35 million.

EgoGraf then capped this off by successfully listing on the OTCQX market during the quarter

EcoGraf share price snapshot

The EcoGraf share price has delivered outsized returns of 411% this year to date, extending the previous 12 months’ return of 1,259%.

These returns have far outpaced the S&P/ASX 200 Index (ASX: XJO)’s return of around 26% over the past year.

The post Why the EcoGraf (ASX:EGR) share price is up 11% on Wednesday appeared first on The Motley Fool Australia.

More reading

• EcoGraf (ASX:EGR) share price powers 10% ahead on industrial site news
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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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Australia and New Zealand Banking GrpLtd (ASX: ANZ) shares are up an impressive 21% in 2021.

In light of this, investors may be wondering if it is too late to buy its shares for its dividend.

Is it too late to buy ANZ shares for its dividend yield?

The good news is that it doesn’t appear to be too late to buy ANZ shares despite their impressive gain this year.

According to a recent note out of Bell Potter, its analysts have a buy rating and $30.00 price target on the bank’s shares.

Based on the current ANZ share price of $27.92, this implies potential upside of 7.5% over the next 12 months before dividends. And if you include the ANZ dividend, this potential return gets even more attractive.

Bell Potter is forecasting fully franked dividends per share of 140 cents in FY 2021, 146 cents in FY 2022, and 154 cents in FY 2023. This represents yields of 5%, 5.2%, and 5.5%, respectively, over the coming years.

Is anyone else bullish?

Goldman Sachs and Morgans are even more bullish on ANZ shares. The former has a buy rating and $30.50 price target, whereas the latter currently has an add rating and $34.50 price target.

Morgans’ price target of $34.50 suggests that there is upside of 23% over the next 12 months for ANZ shares.

The broker has also pencilled in dividends per share of 145 cents in FY 2021 and 165 cents in FY 2022. This implies fully franked yields of 5.2% and 5.9%, respectively, over the next two years. This stretches the total potential return to over 28%

Morgans was pleased with ANZ’s announcement of a $1.5 billion share buyback and suspects that there could be more to come once trading conditions return to normal.

All in all, based on what these brokers are saying, it may not be too late to buy ANZ for its dividends.

The post Should you buy ANZ (ASX:ANZ) shares in August 2021 for the dividend yield? appeared first on The Motley Fool Australia.

More reading

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• Could it be time to consider buying ANZ (ASX:ANZ) shares?
• ASX 200 Weekly Wrap: ASX grinds to a halt following new all-time high

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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