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There are some strong ASX tech shares available to Aussie investors that could be worth considering.

The following businesses are growing revenue and profit quickly:

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster is one of Australia’s leading online retailers of furniture and homewares. It runs a ‘drop-shipping’ model where products are sent directly to customers by suppliers, enabling faster delivery times and reducing the need to hold inventory, allowing for a larger product range. The company also has a private label range which is sourced from overseas suppliers.

The ASX tech share recently announced its FY21 half-year result where it said that revenue for the six months to 31 December 2020 went up by 118% year on year on year to $161.6 million. Its earnings before interest, tax, depreciation and amortisation (EBITDA) went up 556% to $14.8 million and it was cashflow positive for the half, ending with a cash balance of $85.7 million. Its active customers increased by 102% to 687,000.

As the company grows, it has more operating leverage to invest into parts of the business to help further growth such as data, technology, private label and marketing.

For January 2021, it said that revenue had increased by more than 100%. Management believe there are still strong tailwinds including: the ongoing adoption of online shopping due to structural and demographic shifts, an acceleration of these trends due to COVID-19, an increase in discretionary income due to travel restrictions and the continued recovery of the housing market and unemployment levels.

The Temple & Webster share price has fallen by almost 20% since 25 January 2021.  

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is another ASX tech share that is reporting high levels of growth. It’s an electronic donation business mostly servicing large and medium US churches. In its FY21 half-year result it reported that its operating revenue increased by 53%. This led to even faster growth of other profit measures, all showing triple digit increases.

The FY21 half-year earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) went up by 177% to US$26.7 million, the operating cashflow went up 203% to US$27 million and the net profit after tax (NPAT) grew 107% to US$13.4 million.

Pushpay is demonstrating operating leverage with each result. Its EBITDAF margin almost doubled from 17% to 31% in the FY21 half-year result.

The company is seeing elevated levels of donations through its systems as the COVID-19 pandemic continues to heavily affect the US.

Pushpay recently upgraded its FY21 EBITDAF guidance again to a range of US$56 million to US$60 million, up from previous guidance of US$54 million to US$58 million.

The ASX tech share continues to invest for growth and is now looking to grow in the Catholic sector of the US faith sector.

At the current Pushpay share price it’s trading at 23x FY23’s estimated earnings.

Redbubble Ltd (ASX: RBL)

Redbubble is the final ASX tech share in the article. It’s an artist-produced product e-commerce business with two websites, Redbubble.com and TeePublic.com.

Joseph Kim from Montgomery Investment Management said about Redbubble: “While Redbubble has clearly been a “stay-at-home” trade, we believe the business has the opportunity to emerge a longer-term structural winner from COVID-19 should it capitalise in the recent spike in user and customer interest as a result of recent lockdown measures.”

In Redbubble’s most recent update, for the first quarter of FY21, it said that marketplace revenue had grown by 116% to $147.5 million, gross profit was up 149% to $64.5 million, it made $22.1 million of earnings before interest and tax (EBIT) and $27.1 million of operating cashflow.

At the time of the FY21 first quarter update, Redbubble CEO Martin Hosking said: “The strategic priority for the group now is to ensure we extend the market leadership we have established. We intend to invest in the customer experience to improve loyalty and retention and ensure long-term higher levels of growth. The company has the resources to undertake the anticipated investments and margin structure to ensure it can do so while remaining profitable.”

More reading

• How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?
• Got money to invest? Here are 2 ASX shares to buy
• ASX stock of the day: Temple & Webster (ASX:TPW) goes from strength to strength
• Why Magellan, News Corp, REA Group, & Temple & Webster shares are racing higher
• 2 fast-growth ASX tech shares that are being sold off

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 PUSHPAY FPO NZX and Temple & Webster Group Ltd. The Motley Fool Australia has recommended PUSHPAY FPO NZX and Temple & Webster Group 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 looking for a source of income from the share market, then you might want to take a look at the reliable ASX dividend shares listed below.

Here’s what you need to know about them:

Coles Group Ltd (ASX: COL)

The first ASX dividend share to look at is Coles. Since spinning out of Wesfarmers Ltd (ASX: WES) in 2018, this supermarket operator has been a very positive performer. This was particularly the case in 2020 when Coles’ defensive qualities were on display for all to see.

Pleasingly, Coles has carried its strong form over into FY 2021, putting the company in a position to deliver a strong full year result in August.

And looking further ahead, thanks to its refreshed strategy, its focus on automation, and home brand growth, Coles appears well-positioned to build on this over the remainder of the 2020s.

Analysts at Citi are fans of the company and are expecting it to deliver a strong full year result in FY 2021. In light of this, the broker has a buy rating and $21.20 price target on its shares.

Citi is forecasting a 63.5 cents per share fully franked dividend this year. Based on the latest Coles share price, this equates to an attractive 3.5% dividend yield.

Rural Funds Group (ASX: RFF)

Rural Funds could be a dividend share to look closer at. It is a real estate investment trust which owns a diversified portfolio of high quality Australian agricultural assets.

These assets are leased to experienced agricultural operators such as Select Harvests Limited (ASX: SHV) and Treasury Wine Estates Ltd (ASX: TWE) on long term leases. And when I say long, I mean long. At the last count, Rural Funds reported a weighted average lease expiry of almost 11 years.

Within its leases, the company has rental increases built in. It is thanks partly to this that the company has an aim of delivering distribution growth of 4% per annum.

In line with this, Rural Funds intends to increase its distribution by this margin to 11.28 cents per share in FY 2021. Based on the latest Rural Funds share price, this works out to be a generous 4.6% yield.

More reading

• ASX 200 Weekly Wrap: RBA unleashes ASX’s inner animal
• Beat deposit rate cuts with these ASX dividend shares
• 3 ASX dividend shares to own for retirement income
• Why the Wesfarmers (ASX:WES) share price has soared 24% in a year
• Goldman Sachs names 2 growing ASX dividend shares to buy

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Treasury Wine Estates Limited. The Motley Fool Australia owns shares of COLESGROUP DEF SET. 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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Brokers regularly update their estimates and recommendations about many ASX shares. The two in this article have been rated as buys by at least three brokers. 

Some ASX shares are well liked by many brokers, whilst others get mixed reviews. 

These two ASX shares are ones rated as buys by brokers:

Charter Hall Group (ASX: CHC)

Charter Hall is an ASX share that’s liked by at least four brokers right now.

This is a property investment and funds management business that has been operating for around three decades. It says that it uses its property expertise to access, deploy, manage and invest equity across core real estate sectors – office, retail, industrial and logistics and social infrastructure.

Across its various underlying investments, it has a portfolio of over 1,300 properties. It runs various listed real estate investment trusts (REITs) including Charter Hall Long Wale REIT (ASX: CLW), Charter Hall Social Infrastructure REIT (ASX: CQE) and Charter Hall Retail REIT (ASX: CQE).

Charter Hall is regularly making new deals to acquire high-quality properties. One of the most recent acquisitions that it made was the David Jones flagship store in Sydney for $510 million. The lease is for 20 years with a minimum 2.5% per annum annual rent increase supplemented by an agreed turnover rent linked to sales performance. Charter Hall will retain 25% of the property.

It has also been a part of a partnership to buy six Bunnings assets for $353 million which had a weighted average lease expiry of 10 years, 2.5% annual rent reviews and a yield of 4.63%.

In a market update in November 2020, the ASX share said that its funds under management (FUM) had grown to $43.4 billion and it upgraded its FY21 post-tax operating earnings per unit to 53 cents. The distribution per unit is expected to grow by 6%.

Morgan Stanley is one of the brokers that likes Charter Hall with the property investor and manager expected to benefit from more inflows of funds, particularly because of the low interest rate environment. However, office and retail assets do come with some risks.

Based on the guidance of 53 cents, the Charter Hall share price is valued at 28x the estimated operating earnings for FY21.

Perseus Mining Limited (ASX: PRU)

Perseus Mining describes itself as a rapidly growing, West African gold producer, developer and explorer. Perseus now operates three gold mines in West Africa, with its third mine, Yaouré, pouring its first gold in December 2020. Annual gold production is projected to increase to more than 500,000 ounces per year by 2022.

This gold miner ASX share is currently liked by at least three brokers.

One of the brokers, Citi, thought that the quarter for the three months to 31 December 2020 was good operationally, and the production was about what the broker was expecting.

The next six months should reveal an update about the expected ramp-up of the Yaouré gold mine as well as the feasibility study for the Bagoé basin near the Sissingue. This is expected to deliver organic growth opportunities and deliver incremental growth in the mineral resources and ore reserves.

In the latest quarterly update, for the three months to December 2020, Perseus said that half-year production was up 12% to 137,386 and close to the top end of its production guidance range. At US$1,000 per ounce, the all-in site cost (AISC) was slightly lower than the June half-year and within the guidance range of US$940 to US$1,025.

Quarterly gold sales increased 10% and the average realised gold price increased 6% to US$1,687. This generated quarterly and half year notional cashflows from operations of US$44.6 million and US$88.3 million respectively.

More reading

• 2 ASX shares rated as strong buys by brokers
• Here’s why the Newcrest (ASX:NCM) share price is underperforming
• These 3 ASX mining companies closed lower today

Motley Fool contributor Tristan Harrison 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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On Monday the S&P/ASX 200 Index (ASX: XJO) started the week on a positive note. The benchmark index rose 0.6% to 6,880.7 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to fall

The Australian share market looks set to end its positive run on Tuesday. According to the latest SPI futures, the benchmark index is poised to fall 21 points or 0.3% at the open. This is despite stocks on Wall Street performing positively overnight. In late the Dow Jones is up 0.45%, the S&P 500 is up 0.35%, and the Nasdaq is trading 0.5% higher.

Macquarie third quarter update

The Macquarie Group Ltd (ASX: MQG) share price will be on watch this morning when it releases its third quarter update. According to a note out of Morgan Stanley, it is expecting the investment bank to reveal a result broadly in line with the prior corresponding period. Looking ahead, the broker believes the company is well-positioned to deliver a full year result ahead of the market consensus.

Oil prices push higher

It could be another positive day for energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) after oil prices pushed higher again. According to Bloomberg, the WTI crude oil price is up 1.6% to US$57.73 a barrel and the Brent crude oil price is up 1.6% to US$60.27 a barrel. Oil prices pushed higher on supply cuts and stimulus hopes.

Gold price climbs higher

Gold miners such as Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could be on the rise today after the gold price pushed higher again. According to CNBC, the spot gold price is up 1.1% to US$1,832.50 an ounce. This was driven by hopes of a large US stimulus package being announced.

Suncorp half year results

The Suncorp Group Ltd (ASX: SUN) share price will be one to watch when it reports its half year results this morning. According to a note out of Morgans, it is expecting the banking and insurance giant to report a 4% decline in first half cash profit to $350 million. The broker is forecasting a 17 cents per share fully franked interim dividend.

More reading

• ASX 200 rises 0.6%, Vocus jumps on takeover offer, Afterpay hits new record
• Why the Afterpay (ASX:APT) share price is exploding even higher today
• ASX 200 up 0.6%: Vocus rockets, Zip surges, & Treasury Wine rebuffs speculation
• Treasury Wines (ASX:TWE) share price lifts amid media speculation
• Here are the 10 most shorted shares on the ASX

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

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Fortunately in this low interest rate environment, the ASX is home to a number of shares that are expected to provide attractive yields to investors in 2021. 

If you’re interested in blue chip dividend shares, then you may want to look at the ones listed below. Here’s why they could be dividend shares to buy:

Australia and New Zealand Banking GrpLtd (ASX: ANZ)

The first blue chip ASX dividend share to look at is ANZ Bank. Thanks to mortgage loan growth, a reduction in COVID-19 loan deferrals, and the relaxing of responsible lending rules, this banking giant’s outlook has improved greatly over the last six months.

And while this has been reflected in its strong share price gain (the ANZ share price is up ~44% in six months), it may not be too late to make an investment. 

Last week Morgans put an add rating and $28.50 price target on the bank’s shares. It is also forecasting ANZ to pay shareholders a dividend of $1.27 per share in FY 2021. Based on the latest ANZ share price, this represents a 5% dividend yield.

Woolworths Limited (ASX: WOW)

Another option for investors to consider is Woolworths. It could be a good option for income investors due to the quality of the retail giant’s numerous brands. While best known for its eponymous supermarkets, Woolworths also owns Dan Murphy’s, BWS, and BIG W.

As a whole, the company appears to be well-positioned for growth over the long term thanks to its defensive qualities, strong market position, and a favourable redirection in consumer spending.

Analysts at Macquarie are positive on the company. They have just retained their outperform rating and lifted the price target on the company’s shares to $44.50. Macquarie is also forecasting a $1.01 per share fully franked dividend in FY 2021. Based on the latest Woolworths share price, the equates to a 2.5% dividend yield.

While this is not the most generous yield you will find, it is still materially better than savings accounts and term deposits.

More reading

• Leading brokers name 3 ASX shares to buy today
• Australian Primary Hemp (ASX:APH) share price is up 10%. Here’s why
• ASX 200 Weekly Wrap: RBA unleashes ASX’s inner animal
• Top brokers name 3 ASX shares to buy next week
• CBA (ASX:CBA) share price rises as bank cuts savings rate

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Woolworths 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 Optiscan Imaging Limited (ASX: OIL) share price took flight today as the company announced the start of an important study. Shares in the innovative health researcher were swapping hands for 12.5 cents, up 13.6%, at the close of trade today.

It comes off the back of a phenomenal past 12 months for the Optiscan share price, which has gained more than 300% in that time. The company currently has a market capitalisation of $74.6 million.

Why is the Optiscan share price flying?

Shares in research company Optiscan were flying today as the company announced the next stage of its breast cancer study.

Optiscan will begin stage three of its study at 3 Melbourne hospitals. Conducted by leading breast cancer surgeon, Professor Bruce Mann, the study will involve 20 breast cancer patients at Royal Melbourne Hospital, Frances Perry House and Epworth Hospital.

It will use Optiscan’s specialised endomicroscope, which enables real-time, 3D, ‘in vivo’ imaging of human tissue at the cellular level. This results in instant ‘virtual biopsies’ for cancer screening, enabling faster diagnosis and treatment.

The handheld instrument allows users to view tissue at 1,000 times magnification instantly and enables them to identify cancerous tissue on the surface of a specimen in real-time. This reduces or eliminates the need to have specimens sent to a laboratory for processing which can take two to three days.

Researcher comments

Commenting on the upcoming tests, Professor Mann said:

We want to trial the use of this technology to be able to see tumour cells, helping us to assess the adequacy of excision there and then.

Being able to have this sort of real-time information during surgery is critical to allow more accurate surgery, which is beneficial to the physical and mental wellbeing of breast cancer patients. By ensuring that we achieve ‘clear’ or ‘negative’ margins at initial surgery, we expect to reduce the requirement for a second surgery, which currently occurs in over 20 per cent of lumpectomy cases.

About the Optiscan share price

Optiscan is involved in developing microscopic imaging and related technologies for screening, surgery and medical research. Based in Melbourne, the company has developed and patented its technology, enabling real-time, 3D imaging of human tissue at the cellular level. The ‘virtual biopsies which it produces are critical in improving patient welfare, reducing accuracy and reducing the need for multiple procedures.

Over the last month, the Optiscan share price is up 13.6%, outpacing the All Ordinaries Index (ASX: XAO) by 9%.

More reading

• ASX 200 Weekly Wrap: RBA unleashes ASX’s inner animal
• Here’s why the Tombador (ASX:TI1) share price is rocketing 35% higher
• The moral of the GameStop story?
• The Vmoto share price tumbles 9% despite some positive sales figures
• ASX 200 Weekly Wrap: Reality (and GameStop) finally hits ASX

Motley Fool contributor Daniel Ewing 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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Given the quality on offer, the tech sector has been tipped as a great place to look for buy and hold investment options.

But which ASX tech shares should you buy for the long term? Two to consider are listed below:

Altium Limited (ASX: ALU)

Altium is a leading electronic design software provider. The company’s software is used to design the complex circuit boards that you’ll find inside almost all electronic devices. Altium has a large number of blue chip customers using its platform. This includes BAE Systems, Dell, Microsoft, and NASA.

The good news for Altium is that due to the artificial intelligence and internet of things (IoT) booms, there has been a proliferation of electronic devices over the last decade. This rapid growth is expected to continue over the next decade, which should underpin growing demand for its award-winning software.

In fact, according to Statista, there were 22 billion IoT devices globally at the end of 2018. This is forecast to grow to 50 billion by 2030.

In light of this, it is no wonder that management is confident in its growth trajectory. So much so, it is targeting revenue of US$500 million by 2025-26. This will be a 150% increase on FY 2020’s revenue.

Analysts at Credit Suisse currently have an outperform rating and $35.00 price target on Altium’s shares.

Appen Ltd (ASX: APX)

Another tech share to buy and hold could be Appen. It appears very well positioned for long term growth thanks to both the increasing importance and spending on artificial intelligence.

In order for artificial intelligence models to work, they need to be trained to a high standard. This is where Appen comes in. Through its team of over one million skilled contractors around the globe, the company provides or prepares the training data for artificial intelligence models. It counts the likes of Amazon, Apple, Facebook, Google, and Microsoft as current and/or former customers.

The company also looks well-placed to benefit from increased spending on artificial intelligence by governments. This is thanks to its Figure Eight business, which has a long history of working in this sector.

And while COVID-19 has put a dampener on its growth this year, management expects to bounce back strongly once the crisis passes.

Analysts at Macquarie also appear confident that this will be the case and have just put an outperform rating and $27.00 price target on Appen’s shares.

More reading

• 2 exciting mid-cap ASX shares to buy and hold
• 2 outstanding ASX growth shares that could be strong buys
• 2 ASX dividend shares offering big yields today
• 3 compelling ASX tech shares to buy
• 2 fantastic ASX shares to buy this month

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 recommends Altium. The Motley Fool Australia owns shares of Appen 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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There are some ASX shares that a number of brokers like and have rated as ‘buys’.

It can be quite hard to find good businesses that are trading at a good price. One investor might say that BHP Group Ltd (ASX: BHP) is a good buy, whilst another might say that Woolworths Group Ltd (ASX: WOW) is the share to buy.

Brokers are constantly looking at businesses and share prices, thinking about what would be a good investment. There are various brokers out there like Bell Potter, Macquarie Group Ltd (ASX: MQG) and UBS that provide different recommendations about shares.  

With that in mind, these ASX shares are liked by more than one broker. Of course, this still isn’t a guarantee of success – they could all be herding together.

Alliance Aviation Services Ltd (ASX: AQZ)

This ASX share claims to be Australia’s leading air charter operator, providing specialised services for the resources industry (fly in, fly out (FIFO)), and inbound and domestic group travel.

It’s currently liked by at least three brokers, including Morgans. The broker likes a deal that Alliance recently revealed and Morgans thinks that the company can win further deals over time – supporting its decision to buy more planes.

The company recently signed a ‘wet lease agreement’ with Qantas Airways Limited (ASX: QAN) for the provision of Embraer E190 aircraft from the middle of 2021. Alliance said that the range and route economics make the E190 an attractive option in a post COVID-19 aviation market.

This agreement with Qantas initially provides for three E190 aircraft to commence operations in mid-2021, with options for Qantas to call on an additional 11 aircraft based on market conditions. The deal is for an initial period of three years. It will be for routes between Adelaide, Darwin and Alice Springs.

The deal is expected to account for more than 5% of total revenue once the first three aircraft have been fully deployed.

Reject Shop Ltd (ASX: TRS)

Reject Shop is an ASX share retailer, with a national footprint of discount stores across the country.

It’s currently liked by at least three brokers.

The company is currently working on improving its cost base. It’s looking at the rental costs across its store network and trying to negotiate with landlords. Management aren’t afraid of closing stores if landlords won’t lower costs.

Reject Shop is also reducing the number of different items (SKUs) that it sells. This is increasing its sales per SKU, it’s increasing the buying power with suppliers and improving the stock managing ability of both its stores and distribution centres.

Once Reject Shop has reached its desired cost base, it will then grow its store network again and it’s also exploring the idea of online sales.

FINEOS Corporation Holdings PLC (ASX: FCL)

FINEOS describes itself as a global software company for the employee benefits and life, accident and health industry.

The company’s platform has software for a variety of areas including new business, claims, policy, billing and absence. Its software is designed to manage the structure and relationships of group and individual insurance processing to optimise plan, coverage and data management, operational processing, and business intelligence.

The ASX share is liked by at least three brokers, including Citi which believes that it is in a good position to increase its market share. Citi thinks that FINEOS’ shares are trading at a good price and it’s trading at a large discount to some of its ASX software share peers.

Citi has a share price target of $4.60 for FINEOS over 2021.

In the quarterly update for the three months to 31 December 2020, cash receipts were up 69% year on year to €28.2 million and it ended with €30.7 million of cash.

More reading

• 3 compelling ASX shares rated as buys by brokers
• Here’s why the Qantas (ASX:QAN) share price is soaring today
• ASX 200 down 0.7%: AGL & Origin sink lower, Qantas pushes higher
• Why Alliance Aviation, REA Group, SEEK, & Vulcan shares are charging higher
• Alliance Aviation (ASX:AQZ) share price surges 13% higher on Qantas (ASX:QAN) deal

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends FINEOS Holdings plc. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia owns shares of Woolworths Limited. The Motley Fool Australia has recommended FINEOS Holdings plc. 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 Energy World Corporation Ltd (ASX: EWC) share price zoomed over 11% higher today to close at 10 cents. That puts the Energy World share price up more than 45% over the past year, and up 40% over the past month.

Energy World is an independent energy company, primarily engaged in the production and sale of power, and development of LNG projects. The company runs operations in the Philippines, Indonesia, and Australia.

Energy World share price soars as project recommences

The company announced today that, after a 4-year ordeal, it can recommence work on its mid-scale modular LNG facility in Indonesia, the PT. South Sulawesi Project (PTSSLNG).

The Planology Department of the Ministry of Forestry completed a formal review of the historical land documentation that maps where the project is located. In 2017, this land was incorrectly categorised as forestry land. 

In today’s announcement, Energy World confirmed that the site has been re-confirmed as industrial land. The company also advised that it is now being encouraged to recommence project construction, along with associated commercial discussions.

To date, US$343 million has been invested in the PTSSLNG project (excluding finance and soft costs). A further US$35–50 million is necessary to bring the first 500,000 tonnes per annum (tpa) of LNG into production. The company stated that it’s confident it can use project debt to obtain additional funding.

Energy World expects the project to rapidly expand to a 2 million tpa production rate using future funds generated from LNG sales.

According to the release, its first LNG sales will occur over the next 18–24 month period.

How has Energy World performed recently?

According to the company’s quarterly report for the period ended 31 December 2020, it continues working within a coronavirus-impacted environment.

As of 31 December 2020, Energy World reported year-to-date receipts from customers totalling approximately $71.9 million. The company reported a cash bank balance of roughly $5.5 million for the quarter.

The company’s half-year earnings announcement will be released at the end of this month.

Despite being up a whopping 40% in the past month, the Energy World share price has lost 50% of its value over the past five years.

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• The Genworth Mortgage (ASX:GMA) share price smashed 14% higher today
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Motley Fool contributor Gretchen Kennedy 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 Adriatic Metals plc (ASX: ADT) share price has returned to yesterday’s closing price of $2.26 after a day of ups and downs in trading. This, despite a positive announcement made by the company this morning.

During mid-morning trade, shares in the precious and base metals miner reached an intraday high of $2.35 but retreated in the afternoon to close at $2.26.

What was announced?

In today’s release, Adriatic Metals reported it had achieved another key milestone in progressing its Vares Project in Bosnian-Herzegovina (BiH).

The company said the local Environment and Tourism Ministry had issued a positive record of decision (RoD) to its subsidiary Eastern Mining for the Rupice Environmental Permit.

Eastern Mining is a Bosnian-Herzegovinian exploration and development company focused on lead, zinc, silver, gold, copper and barite. The miner owns two projects across the Bosnian-Herzegovinian and Serbian regions.

The first is a 100% owned Vares high-grade silver project in Bosnian-Herzegovina. And the second is an exploration licence at the Raska base & precious metals project in Serbia.

Adriatic Metals said the newly approved permit was a major step in obtaining an exploration licence at its Vares project. The positive RoD follows the company’s environmental impact assessment submission to a five-member expert committee in August last year.

With the environmental permit to be issued within the next 30 days, Adriatic will move onto its next steps. The company said it would apply for an urban planning permit to the Federal Ministry for Spatial Planning.

Management commentary

Adriatic CEO and managing director Paul Cronin welcomed the progress, saying:

The receipt of the RoD is another major step forward in the permitting of the Vares Project, and when coupled with the recent issuance of the Veovaca Exploitation Permit, clearly demonstrates the team’s ability to permit a mine in BiH.

We continue to enjoy the strong support of both our local community in Vares and the government of BiH. We look forward to building this highly profitable mine in Q3-2021, whilst continuing to grow our resources around Vares, and advance our exciting project at Raska.

How has the Adriatic share price performed?

From March to August last year, the Adriatic share price has climbed more than 200%. However, since the last reporting season in August, the company’s shares have been on a rollercoaster ride.

Based on the current share price, Adriatic has a market capitalisation of $462 million.

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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.

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