Tag: Motley Fool

  • 2 outstanding ASX shares to buy and hold

    asx shares to buy and hold represented by man happily hugging himself

    One of the ways that Warren Buffett has generated significant wealth over the last six decades is through buy and hold investing.

    If the Oracle of Omaha finds a company that he likes, he will invest and not sell shares unless something breaks his investment thesis. The beauty of this strategy is that it allows investors to benefit greatly from compounding.

    Compounding explains why a 10% per annum return will turn $10,000 into $11,000 in one year and into ~$26,000 in ten years.

    With that in mind, I have picked out two ASX shares that could be great candidates for a buy and hold investment. They are as follows:

    Domino’s Pizza Enterprises Ltd (ASX: DMP)

    Due to its strong performance in FY 2021 and very bright outlook, Domino’s could be a top buy and hold investment option.

    In respect to the former, strong demand for its pizzas in the ANZ, European, and Japanese markets underpinned stellar sales growth during the first half of FY 2021. Domino’s reported a 16.5% increase in total global food sales to $1.84 billion. And thanks to operating leverage, its net profit grew at an even stronger rate of 32.8% to $96.2 million.

    Pleasingly, management is expecting an even stronger performance during the second half, which is likely to lead to a bumper profit result in August.

    Looking further ahead, Domino’s still has a significant growth runway. For example, at the end of the first half, the company had a network of 2,800 stores. It is now aiming to double this over the next decade. And that’s just from its existing markets. Management is also looking for acquisitions and could expand into new territories in the future to give the company an even larger growth runway.

    Analysts at Goldman Sachs are very positive on the company’s future. As a result, the broker recently put a buy rating and $112.60 price target on its shares.

    SEEK Limited (ASX: SEK)

    Another buy and hold investment option to consider is SEEK. It is of course the leading job listings company in the ANZ region and has a number of growing businesses around the world.

    In respect to its local operations, at the end of December, SEEK ANZ had 16 million candidate profiles, 35 million monthly visits, and 160,000 active hirers. This led to the company having almost a third of all placements in the region, which is five times greater than its nearest competitor.

    This gives the company a firm foundation to build on over the next decade, which should be supported by its international businesses, which continue to grow.

    One broker that is a fan of SEEK is UBS. It currently has a buy rating and $32.00 price target on its shares.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited 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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  • 3 reasons the Westpac (ASX:WBC) share price just hit a 52-week high

    woman throwing arms up in celebration whilst looking at asx share price rise on laptop computer

    The Westpac Banking Corp (ASX: WBC) share price has continued its positive run on Thursday.

    In fact, at one stage today, the banking giant’s shares hit a 52-week high of $25.38.

    When the Westpac share price hit that level, it meant it was up a remarkable 29% since the start of the year.

    Here are three reasons why the Westpac share price is flying high right now:

    Strong first quarter update

    One reason the Westpac share price is at a 52-week high is its strong first quarter update in February. For the three months ended 31 December, the bank posted a $1.97 billion first quarter cash profit. This was up a massive 144% over the quarterly average cash earnings of $808 million it achieved in the second half of FY 2020. Another big positive from the result was its impairment benefit of $501 million. Westpac reversed a portion of its COVID provisions due to improved credit quality, stronger economic outcomes, and a better economic outlook.

    Improving dividend outlook

    Also getting investors excited has been Westpac’s dividend outlook. Thanks to the improving economy, a booming housing market, and the removal of dividend restrictions by APRA, Westpac and the rest of the big four banks look well-positioned to grow their dividends in the coming years. In addition to this, Westpac’s exceptionally strong capital position means it could return excess funds to shareholders via buybacks in the near future.

    Positive brokers

    Another reason the Westpac share price is on fire this year is the bullish views of a number of leading brokers. One of those is Morgans, which earlier this week put the bank on its best ideas list for April. The broker currently has an add rating and $27.50 price target on its shares. In addition to this, going back to its improving dividend outlook, the broker is forecasting dividends of $1.32 per share in FY 2021 and then $1.43 per share in FY 2022. This represents fully franked yields of 5.2% and 5.6%, respectively.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    Motley Fool contributor James Mickleboro owns shares of Westpac Banking. 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 Bill Identity (ASX:BID) share price is slipping today. Here’s why

    asx share price falling lower represented by investor wearing paper bag on head with sad face

    The Bill Identity Ltd (ASX: BID) share price is falling today after the company announced a master services agreement with energy retailer Simply Energy for its New Zealand customers.

    At the time of writing, the Bill Identity share price has slumped 3.4% to 83.5 cents per share.

    A quick take on the companies

    Bill Identity is a technology company that automates the bill-paying process through cloud computing. The company provides utility bill expense management solutions and is spread across Australia, New Zealand, the United States, the United Kingdom, and Europe. 

    Simply is one of Australia’s largest energy retailers with around 700,000 Australian accounts and is wholly owned by French energy company ENGIE. It will initially only use its current arrangement for New Zealand customers.

    What the deal means

    Bill Identity will provide Simply with its cloud-based bill paying software, the Utility Bill Portal solution.

    The deal was reached after a successful pilot program and has an initial three-year term. It will provide a step-change in service to “a large number” of Simply’s commercial and industrial customers in New Zealand.

    Bill Identity describes its Utility Bill Portal software as a fully-orchestrated robotic process automation (RPA) business customer platform for energy retailers, which enables their customers to have “easy access to utility bills anywhere, at any time”.

    By automatically capturing and validating invoices and meter data, its clients can streamline their accounting and payment processes. 

    What management said

    Bill Identity managing director Guy Maine welcomed the deal, saying:

    We are extremely excited to be providing Simply with our Utility Bill Portal solution.

    The solution has been designed to deliver significant cost-to-serve economies, and the data-driven RPA experience uses intuitive simplification that is intended to drive increased engagement and satisfaction, thereby unlocking ongoing value for large multi-site energy customers. 

    Bill Identity share price snapshot

    The Bill Identity share price and its relative transformation under the ASX ticker Bill Identity has been well publicised. But since reaching a high of $1.60 in February 2019, it’s had a series of volatile jumps and falls to its current price of around 84 cents.

    It’s down 84% against the technology sector over the past 12 months and has lost more than 30% of its share price value in 2021 so far.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    Motley Fool contributor Lucas Radbourne-Pugh 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.

    The post The Bill Identity (ASX:BID) share price is slipping today. Here’s why appeared first on The Motley Fool Australia.

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  • 3 ASX dividend shares to buy today

    A young entrepreneur boy catching money at his desk, indicating growth in the ASX share price or dividends

    With interest rates at record lows, it’s hard to find a good place to store your money these days if you want a decent return. Luckily, the ASX is full of dividend paying shares that give us a remedy for this malady. So here are 3 such shares to consider today:

    3 ASX dividend paying shares to buy today

    Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

    Soul Patts is often considered one of, if not the best ASX dividend share on the market. That stems from its incredible record of paying said dividends. Soul Patts is the only ASX company to have a 20-year streak of increasing its dividend every year. That’s pretty impressive considering that encompasses the dot-com crash, the global financial crisis and now the coronavirus recession.

    This company is a diversified conglomerate, owning shares of a range of quality ASX businesses. These include TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW) and New Hope Corporation Limited (ASX: NHC). Soul Patts currently offers a trailing dividend yield of 2.86% on current pricing, or 4.09% grossed-up with Soul Patts’ full franking.

    Super Retail Group Ltd (ASX: SUL)

    Super Retail Group is probably a company that not too many Australians would be familiar with. And yet I’m sure it’s a different story for the businesses Super Retail owns. This company is the name behind the household names like MacPac, Rebel Sport and Supercheap Auto and much much more. Well, just BCF.

    This company has bounced back from the lows of last year very strongly with Super Retail shares are up around 144% over the past 12 months. That has still left its trailing dividend yield on offer today at a respectable 4.38% though. Grossed-up, that comes to 6.26% with full franking.

    Premier Investments Limited (ASX: PMV)

    Premier is another ASX dividend share to consider, and another retail company as well. It’s the name behind the popular Aussie retail chains of Peter Alexander and Smiggle, as well as the Just Jeans and JayJays brands.

    Like Super Retail, Premier Investments has managed to bounce back well from the COVID lows of last year. And well too. In its earnings report that we saw last month, this company reported net profits after tax of $188.2 million, which was up 88/9% from the prior period.  No wonder the Premier share price is up more than 113% over the past 12 months. This company’s dividend isn’t quite at Super Retail’s level, but it still offers a fully franked trialling yield of 2.62% on current pricing. That grosses-up to 3.74% with the franking.

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    Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

    Returns As of 15th February 2021

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    Motley Fool contributor Sebastian Bowen owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Brickworks, Premier Investments Limited, Super Retail Group Limited, and Washington H. Soul Pattinson and Company 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 Tietto Minerals (ASX:TIE) share price is up 8% today. Here’s why

    Pointing to an upward trend in data on screen.

    The Tietto Minerals Ltd (ASX: TIE) share price is up 8% today on the back of good news from its Abujar Gold Project.

    Since the announcement, the Tietto Minerals share price has jumped up 3 cents. It’s currently trading for 33 cents per share.

    Let’s look closer at the gold miner’s announcement.

    Striking gold

    Tietto has announced drilling results found up to 180.86 grams of gold per tonne at its Abujar Project.

    The results are from 27 diamond drill holes at the Project, located in Côte d’Ivoire, West Africa. The drilling program is intended to increase confidence in its mineral resource estimates. Additionally, Tietto also plans to deliver a Definitive Study (DFS) for Abujar. This is expected in the third quarter of the 2021 financial year.  

    Consequently, Tietto is currently negotiating the Abujar Mining Convention with the Ivorian Government. The Government’s approval is the final regulatory step left to achieve for the Tietto. All mining and environmental approval has already been secured for the Project.

    Tietto claims it has $52 million in cash to fund the continuation of the mines’ development.

    Comments from management

    Tietto’s managing director, Caigen Wang, said the drilling program has continued to exceed the company’s expectations.

    We have many more results to come from our 40,000 metres of infill drilling, and high impact holes like these will be going into the Mineral Resource update due in late May. This updated model will then be used for new optimisation and mine scheduling studies using improvements identified during our PFS work. 

    Our diamond drilling rigs will soon move onto drill testing the multitude of exploration targets around our proposed mill at Abujar to drive future resource growth.

    On the development front, we have mapped out a clear path to delivery for our fully funded Abujar DFS in Q3 2021 as we move towards Abujar becoming West Africa’s next gold mine.

    Tietto Minerals share price snapshot

    The gain brought by today’s news is much needed. In particular, because the Tietto Minerals share price has had a poor run in 2021 on the ASX.

    Even with the boost, it’s down 15.38% year to date. Although, it is up by 65% over the last 12 months.

    The company also has a market capitalisation of around $136 million, with approximately 454 million shares outstanding.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    Motley Fool contributor Brooke Cooper 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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  • Strike Energy (ASX:STX) share price rising on more WA gas discoveries

    A happy miner in front of a massive drilling rig, indicating a share price lift for ASX mining companies

    The Strike Energy Ltd (ASX: STX) share price is rising today after the company advised results from its gas exploration projects in Western Australia have been “above expectations”

    At the time of writing, the Strike Energy share price has lifted 4.5%, trading at 34.5 cents per share.

    Strike Energy is principally engaged in the exploration and development of oil and gas resources in Australia. It primarily focuses on the Southern Cooper Basin Gas Project, Perth Basin, and West Erregulla, where the company’s announcement regards today.

    The West Erregulla gas field is one of Australia’s most prominent and has been consistently explored since 1990. Its located in the northern-Perth basin, which makes extraction and transportation relatively lucrative.

    What Strike Energy’s results say

    Strike is reporting on its WE4 well, which is its fourth gas exploratory well. It runs this well as part of a joint venture with Warrego Energy (ASX: WGO) in the West Erregulla territory. 

    WE4 has reached a final depth of 5,069 metres measured depth (MD) with wireline logging ongoing. Measured depth refers to the distance along the borehole, as opposed to total vertical distance. Wireline logging refers to the electrical instrumentation used to measure the borehole’s formation accurately.

    Overall results are above Strike Energy’s expectations, with initial wireline logs and petrophysics across the primary targets indicating porosities of up to 19% and reservoir pressures at 4,898 metres MD of 6,821 pounds-per-square-inch. Porosities generally refer to the amount of potential gas-containing holes, otherwise known as porosity, of the area that’s being drilled.

    Strike Energy’s report also revealed that no gas water contact had been encountered, which deepens and extends the field’s areal extent. 

    What this means for investors

    Strike Energy is currently drilling through Kingia sandstone in the area, looking for gas deposits. Over the past two years, it has encountered strong results.

    Its report states that the Kingia material it’s drilling through comprises several large units of clean sand, with thick, blocky porosity development and bands of high-quality reservoir.

    The Kingia has high gas saturation throughout and is interpreted to have net pay (high production depth) of 28 metres, with an average porosity of 11% across this section and up to 19%.

    Strike Energy concluded its report by outlining what it believes the current results mean:

    The combination of measured gas at high pressure and excellent reservoir characteristics in the Kingia supports the potential for high flow rates when production tested.

    Strike Energy share price snapshot

    The Strike Energy share price is close to its highest level in the past 12 months, after rising from 11 cents per share a year ago to more than 34 cents today.

    Strike has been a consistent climber and increased steadily to 35 cents in January this year. It has since remained above 29 cents.

    Overall, the Strike Energy share price is up 165% over the past 12 months, beating the energy sector by 138%. 

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

    Motley Fool contributor Lucas Radbourne-Pugh 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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  • These ETFs have been making ASX investors rich

    Young female investor holding cash ASX retail capital return

    Because of the way exchange traded funds (ETFs) give investors easy access to a large and diverse range of shares, they can be a great way to balance out your portfolio.

    They can also provide you with very strong returns, if you choose wisely.

    Two ETFs that have done exactly that are listed below. Here’s what you need to know about them:

    BetaShares Global Cybersecurity ETF (ASX: HACK)

    The BetaShares Global Cybersecurity ETF aims to track the performance of an index that provides investors with access to the leaders in the growing global cybersecurity sector.

    Over the last five years, the index it is tracking has generated a return of 21% per annum for investors. That would have turned a $10,000 investment into approximately $26,000 today.

    Positively, with demand for these types of services increasing due to the growing threat of cyberattacks on governments and businesses, the future looks very bright for this ETF.

    Among the 40 companies that you’ll be investing in with this ETF are the likes of Accenture, Cisco, Cloudflare, Crowdstrike, Okta.

    BetaShares NASDAQ 100 ETF (ASX: NDQ)

    Another ETF to consider from BetaShares is the BetaShares NASDAQ 100 ETF. This fund provides investors with exposure to 100 of the largest non-financial companies on the famous Nasdaq index.

    As with the HACK ETF, this ETF has been a strong performer over the last five years. During this time, the ETF has generated a return of 23.7% per annum. This would have turned a $10,000 investment into almost $29,000 over the five years.

    Once again, due to the quality of the companies in the ETF and their positive long term outlooks, this ETF has a strong chance of outperforming again over the next five years.

    Among its holdings you will find tech behemoths Amazon, Apple, Facebook, Microsoft, Netflix, Nvidia, Tesla, and Google parent, Alphabet. It also includes non-tech stocks such as Costco and Starbucks. 

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    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 BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of BETA CYBER ETF UNITS. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. 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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  • Why the Province Resources (ASX:PRL) share price is up 12%

    Today, the Province Resources Ltd (ASX: PRL) share price is up 12.59% to 15cents at the time of writing. This movement is likely to be driven by its landholding announcement from Wednesday. 

    Let’s take a closer look at the announcement and what it means for the Province share price.

    What’s driving the Province Resources share price? 

    On Wednesday, Province announced that it had recently applied for a further 864km2 in the Gascoyne coastal region. The reason behind this move is to add to its existing industrial minerals Gascoyne Project. In addition to its HyEnergy Zero Carbon Hydrogen Project. The current project area for its two projects covers 1,408km2.

    Management commentary

    Province managing director, David Frances, commented on the benefits of the additional landholding. 

    The identification of the additional 864km2 of tenure complements both the Gascoyne industrial minerals project and HyEnergy green hydrogen project and importantly, gives us greater critical mass in the region. As we continue our desktop studies and progress the tenements to grant, I look forward to further outlining the Company’s initial exploration work programmes.

    What does this mean for Province’s projects? 

    There’s been a significant amount of hype around renewable energy and in particular, green hydrogen. Province’s acquisition of the HyEnergy project was the catalyst that drove its share price up more than 450% from 2.5 cents to 14.5 cents on 17 February. 

    The company plans to produce hydrogen using clean energy produced from solar and wind farms. It is currently collecting wind and solar data to conduct feasibility studies for renewable power generation in the region. An increase to its existing landholding could have positive implications for the commercial scale of its wind and/or solar farm. 

    The increased landholding also covers the Pleistocene formation. This is marked as “Significant Basic Raw Material areas of interest” by the Geological Survey of Western Australia. As mentioned by its managing director, the company will continue desktop studies before announcing and committing to its initial exploration programs. 

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

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    Motley Fool contributor Kerry Sun 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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  • What’s with the Deep Yellow (ASX:DYL) share price today?

    energy asx share price flat represented by worker in hi vis gear shrugging

    The Deep Yellow Limited (ASX: DYL) share price is back where it started today after the company’s latest presentation to investors.

    At the time of writing, shares in the uranium miner are trading at 68 cents each, the same price at yesterday’s close of trade. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is 0.93% higher.

    Let’s take a closer look.

    ‘Well-positioned for growth’

    In today’s presentation to investors, Deep Yellow outlined some of the reasons why it believes it is on a strong path to growth. They include:

    • A dual-pillar growth strategy consisting of organic and inorganic growth;
    • A “standout” uranium team, and;
    • Key achievements over the last 12 months.

    Organic and inorganic growth

    To put us all on the same page, a company achieves organic growth by increasing sales and operations. Inorganic growth comes through strategic mergers and acquisitions.

    On the organic growth front, Deep Yellow is forecasting a squeeze in the supply of uranium in 2023/24. A decrease in supply will increase the price of its product, as per the laws of supply and demand

    Regarding inorganic growth, the uranium explorer has identified “2 or 3” projects it wishes to acquire. It believes doing so will lead to tangible benefits from 2024 and beyond.

    Team spirit

    Deep Yellow also believes it has the management and technical teams to identify better opportunities for purchase than its competitors.

    The company says its team is better than others because it has “experience across all disciplines”, a “proven track record”, vision and leadership, growth strategy, and funding support.

    Key projects

    Deep Yellow currently has two major projects, the Premier Uranium Mining site and Tumas Mining site in Namibia. The Premier site contains at least 1.5 billion pounds of uranium with the potential for another 350,000 pounds. Deep Yellow says 6% of all the world’s uranium comes from this one site.

    The company acquired the latter site in 2017. It believes Tumas is “highly prospective” and is similar to the Heinrich mine located at the Premier Uranium site. Only 50% of the 125km area has been tested so far. Deep Yellow also says it can extract uranium at a cost of only 11.5 cents per pound.

    Uranium commodity price

    The price of uranium has been on an upswing since August last year when Joe Biden announced a plan for green infrastructure if he were to become the US president.

    At the time of writing, uranium is trading for US$31.05 per pound. It’s up 12.1% over the last month and 1.14% in the year-to-date. Yet, the element’s price has fallen since hitting a 5-year high of around US$34 a pound in May last year, due to oversupply and underwhelming demand.

    Deep Yellow share price snapshot

    The Deep Yellow share price has increased 159.62% over the last 12 months. However, since hitting a 5-year record in February this year, shares in the miner have fallen 23.73%.

    Deep Yellow has a market capitalisation of $217.9 million.

    Where to invest $1,000 right now

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

    *Returns as of February 15th 2021

    More reading

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  • iCollege (ASX:ICT) share price explodes 15% on quarterly update

    Colourful explosion to symbolise ASX share price growth

    The iCollege Ltd (ASX: ICT) share price is entering the stratosphere today following the release of its quarterly update. At the time of writing, the education and training solutions company’s shares are fetching for 15 cents, up 15.3%.

    How did iCollege perform for Q3?

    Investors are driving iCollege shares higher after the company delivered a robust result for the period.

    According to its release, iCollege reported a record quarterly revenue of $4.55 million, reflecting a 52% increase on the prior corresponding period (pcp). The outstanding result primarily came from its domestic student business which saw growth for existing qualifications and early interest in new course offerings. Health and community services courses, in particular, saw significant increases in student numbers.

    International student enrolments continued to contribute over $1.5 million in enrolment value for the quarter. iCollege is hoping to welcome back overseas students in the midterm as international border restrictions are relaxed.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) jumped to $3.02 million for Q3. This brings the total year-to-date EBITDA for the 3 quarters to $13.37 million.

    The company highlighted that its state-of-the-art Perth Bayswater Campus has been completed. The facility can accommodate up to 760 international students and is expected to create additional revenue streams.

    Furthermore, iCollege noted sound progress in the Aegis and Pharmacy Guild contracts, training staff on the infection control nationally accredited skillset. iCollege believes that marketing spend and partnership expansion in aged care, hospitality, building and construction will lead to sustained growth.

    iCollege closed the quarter with $5.17 million in cash, with minimal debt obligations.

    Management commentary

    iCollege managing director, Ashish Katta touched on the company’s record performance, saying:

    Q3 2021 has been another successful quarter for iCollege and our record financial results reflect this. The domestic training operations continue to perform well and are growing favourably. Obviously, with international borders remaining closed, our international student business is limited to onshore international recruitment activities which remain stable month-on-month.

    We expect the final quarter of FY 2021 to provide a strong finish to the year. Through the efforts of the Company’s leadership team and all of our staff across the country, iCollege is thriving through this challenging time and I am very proud to be at the helm of the Company given our numerous exciting growth prospects.

    About the iCollege share price

    The iCollege share price has accelerated over 300% in the past 12 months and is up 50% this year alone. The company’s shares are within sights of its multi-year high of 17 cents reached in February 2021.

    On valuation grounds, iCollege has a market capitalisation of roughly $87.2 million, with about 581.5 million shares on issue.

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    Motley Fool contributor Aaron Teboneras 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.

    The post iCollege (ASX:ICT) share price explodes 15% on quarterly update appeared first on The Motley Fool Australia.

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