Tag: Motley Fool

All Ordinaries Index (ASX: XAO) shares closed up 0.7% on Friday.

That helped the All Ords post a gain of 1.2% for the first week of trading in 2023.

Investors will certainly welcome this start to the new year after All Ordinaries shares dropped 7.2% in 2022. Though it may be too early to hope for a return to 2021 levels, when the index gained 13.6% over the calendar year.

While the 1.2% gains represent a solid start to 2023, these three All Ordinaries shares delivered far more in the first week.

As you’ll note below, all three of the top performers this past week suffered heavy losses in 2022. With them now leading the charge in the new year, investors look to be doing some bargain hunting.

Top 3 All Ordinaries share gainers this week

The third-best performer in the first week of trade was gold miner Alkane Resources Ltd (ASX: ALK).

Alkane has a market cap of $383 million.

Like the other top-performing All Ordinaries shares covered in this article, the Alkane share price fell heavily in 2022, down 41%.

Unlike the other two stocks, Alkane did release positive price-sensitive news this week. The Alkane share price closed up 11% on Thursday after the company upgraded its FY2023 production guidance at its Tomingley Gold Operations in New South Wales.

This helped Alkane deliver a 24% gain in the first week of trading in 2023, finishing the week at 67 cents per share.

The number two spot goes to diagnostic imaging company Cyclopharm Ltd (ASX: CYC).

Cyclopharm has a market cap of $125 million.

The All Ordinaries healthcare share tumbled 29% in 2022 but is certainly off to a better start this year. Cyclopharm closed the week up 25% at $1.46 per share.

Which bring us to the best All Ordinaries share performer in the first week of 2023, financial services company Harmoney Corp Ltd (ASX: HMY).

Harmoney has a market cap of $58.4 million.

The stock lost a painful 76% in 2022 but staged a strong rally to kick off 2023, gaining 30% in the first week of trade. Harmoney closed the week trading for 57 cents per share.

The post Can you guess the top 3 performing All Ordinaries shares in the first week of trade? appeared first on The Motley Fool Australia.

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More reading

• Why Alkane, Appen, Warrego Energy, and Zip shares are racing higher today
• Can you guess which ASX gold share is surging 15% on Thursday?

Motley Fool contributor Bernd Struben 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 Scott Phillips.

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Last year was dramatic for the Novonix Ltd (ASX: NVX) share price, to say the least.

The battery materials and technology stock plummeted 84% over the 12 months ending 31 December 2022.

After closing 2021 at $9.19, it was swapping hands for just $1.47 by the end of last year.

For comparison, the S&P/ASX 200 Index (ASX: XJO) dumped around 5.5% in 2022.

So, what went wrong for the Novonix share price last year, and can the stock pick drag itself up by the bootstraps in 2023?

The Novonix share price dived 84% over 2022

Last year was an interesting time for Novonix. The stock entered the year trading near its all-time high after soaring nearly 650% in 2021.

Soon after the year began, it announced plans to list on the Nasdaq, which it achieved in February. Co-founder and CEO Dr Chris Burns commented at the time:

Our Nasdaq listing is a perfect way to begin 2022, and continues our momentum from the previous year … this listing furthers our long-term goal of onshoring the [electric vehicle] supply chain in North America and becoming a leader in the electrification economy.

Speaking of, the company announced a supply agreement with KORE Power, set to begin in 2024, and a US$150 million government grant to help fund its anode materials division’s expansion last year.

Of course, all that sounds positive. What could possibly have led to the Novonix share price’s 84% dive?

Well, that might have something to do with deepening losses and rising interest rates.

Could this be what went wrong?

Novonix’s financial year 2022 earnings contained both good and bad news.

The good news: its revenue jumped 61% year-on-year to come in at $8.4 million. The bad: it posted a $71.4 million loss, down from the prior year’s $18 million loss.

While its books still held a decent amount of cash, rising interest rates might have led market watchers to shy away from the unprofitable stock amid the costly debt environment.

It likely didn’t help that the company’s auditors flagged concerns about its ability to continue operating without raising cash to fund its expansion.

It’s also worth noting ASX 200 tech shares broadly suffered in 2022. The S&P/ASX 200 Information Technology Index (ASX: XIJ) tumbled 34% last year.

Will 2023 be a better year for Novonix shares?

While it’s impossible to predict what this year might bring the embattled former tech-favourite, one broker is optimistic.

Morgans has slapped Novonix shares with a speculative buy rating and a $3.11 price target, my Fool colleague James reports. That marks a potential 97% upside on its current price.

The broker said:

[Novonix] offers ASX investors an opportunity to get direct exposure to the North American battery market.

The post The Novonix share price crashed a whopping 84% in 2022. What’s next? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• ASX 200 tech shares are leading the market higher today
• 23 ASX shares to buy in 2023 – brokers
• Why did the Novonix share price sink to a new 52-week low today?
• Why are ASX 200 tech shares having such a stellar run on Thursday?

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 Scott Phillips.

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I’m a big advocate of buy and hold investing and believe it is the best way for investors to grow their wealth.

In light of this, to demonstrate how successful it can be, I occasionally like to pick out a number of popular ASX 200 shares to see how much a single $20,000 investment 10 years ago would be worth now.

This time around I have picked out the two ASX 200 shares that are listed below:

Fortescue Metals Group Limited (ASX: FMG)

The resources sector can be a difficult place to invest over long periods because of the ups and downs of mining cycles. But thanks largely to this iron ore miner’s strong operating performance and favourable commodity prices over the last three years, the Fortescue share price has charged higher and higher.

Combined with some big dividend payments, this has led to the company’s shares generating very strong returns for investors. In fact, over the last 10 years, Fortescue’s shares have provided investors with an average total return of 20.26% per annum. This would have turned a $20,000 investment in 2013 into over $125,000 now.

ResMed Inc. (ASX: RMD)

Another ASX 200 share that provided investors with market-beating returns over the last decade is ResMed. It is a sleep treatment focused medical device company which provides industry-leading solutions for sleep apnoea and chronic obstructive pulmonary disease sufferers.

Thanks to the growing awareness of these disorders, demand has been increasing strongly for ResMed’s products over the last decade. This has led to consistently solid sales and earnings growth, which has driven its shares higher. So much so, ResMed’s shares have generated an average total return of 22.94% since 2013. This would have turned a $20,000 investment in its shares into almost $160,000 today.

The post Guess how much a $20k investment in these ASX 200 shares in 2013 is worth now appeared first on The Motley Fool Australia.

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More reading

• Fortescue share price bulls vs bears: Which will prevail in 2023?
• My 3 top-performing ASX shares of 2022, and why I’m still buying 2 of them for 2023
• 3 defining moments for Fortescue shares in 2022
• 3 of the safest ASX dividend shares on Earth
• 2 ASX 200 shares I’m never selling

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 positions in and has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Although interest rates are rising, investors can still beat the returns on savings accounts easily with ASX dividend shares.

But which shares should you buy for dividends? Two that have recently been rated as buys for investors are listed below. Here’s what you need to know about them:

Baby Bunting Group Ltd (ASX: BBN)

The first ASX dividend share for investors to consider next week is Baby Bunting.

This baby products retailer has been named as a buy by analysts at Morgans. The broker believes that recent share price weakness has “been an overreaction.” And while recent trading conditions haven’t been easy, Morgans remains positive and feels investors should focus on the long term.

Particularly given that Baby Bunting “still has compelling opportunities to grow its share of a growing market through store rollout, entry into New Zealand, range expansion and the launch of an online marketplace.”

In respect to dividends, the broker is forecasting fully franked dividends per share of 14 cents in FY 2023 and then 16 cents in FY 2024. Based on the current Baby Bunting share price of $2.77, this will mean yields of 5% and 5.8%, respectively.

Morgans has an add rating and $3.60 price target on Baby Bunting’s shares.

Mineral Resources Ltd (ASX: MIN)

Another ASX dividend share for income investors to consider next week is Mineral Resources.

Goldman Sachs appears to believe it could be a top option for investors that are not averse to investing in the mining sector.

That’s because its analysts expect the mining and mining services company’s lithium operations to underpin strong earnings and big dividends in the coming years.

In respect to the latter, Goldman Sachs is expecting fully franked dividends of $4.37 per share in FY 2023 and $4.33 per share in FY 2024. Based on the current Mineral Resources share price of $83.54, this will mean 5.25% and 5.2% dividend yields, respectively.

Goldman currently has a buy rating and $94.00 price target on its shares.

The post 2 ASX dividend shares to buy with 5%+ yields – analysts appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• ASX 200 lithium shares lead the market higher on Friday
• These were the 3 best performing ASX lithium shares of 2022
• Buy these ASX dividend shares for a passive income boost: analysts
• 5 things to watch on the ASX 200 on Tuesday

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 positions in and has recommended Baby Bunting Group. The Motley Fool Australia has recommended Baby Bunting Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Sayona Mining Ltd (ASX: SYA) share price charged ahead in 2022, despite it being a rollercoaster ride for the ASX lithium miner.

Shares in Sayona Mining soared 46% from 13 cents on 31 December 2021 to 19 cents apiece at the close of trade on 31 December 2022.

Let’s take a closer look at how 2022 played out for the company, and the outlook for 2023.

What happened in 2022?

The Sayona Mining share price was up and down like a yo-yo in 2022. Sayona shares soared 192% in the first four months, touching a 52-week high of 38 cents apiece on 19 April.

That share price party swiftly ended, however, as the share price plummeted a hefty 68% between the market close on 18 April and 23 June.

In another big bounce, Sayona shares exploded again, rocketing 200% between 23 June and 13 September before declining 47% in December.

A major highlight in 2022 was news that the North American Lithium (NAL) operation was on track for its first lithium production.

Sayona advised on 4 August it planned to recommence production in the first quarter of 2023 after investing $100 million in the restart. Piedmont Lithium Inc (ASX: PLL) has a 25% stake in this project.

On 20 December, Sayona told the market that the NAL operation had made further progress towards this target, with 99% procurement complete. The company has also awarded contracts for critical installation items, and received environmental approvals.

What’s ahead?

Sayona Mining’s year in 2023 will likely be impacted by a range of factors, including lithium sector momentum, lithium prices and the company meeting its goals.

All eyes will be on Sayona Mining’s NAL operation in 2023. Production is slated for the first quarter of this calendar year.

Lithium prices may also weigh on Sayona shares. A recent report from the Office of the Chief Economist is tipping spodumene prices to rise from an average of US$2,700 a tonne in 2022 to US$4,010 a tonne in 2023 before sliding to US$3,130 in 2024.

The report also predicts lithium hydroxide prices to rise from US$39,900 in 2022 to US$61,200 in 2023 before falling to US$48,500 in 2024.

The lithium price impacts the amount of profit lithium companies make in sales from production at the mine.

Share price snapshot

The Sayona Mining share price has soared nearly 67% in the last 52 weeks.

Sayona Mining has a market capitalisation of around $1.95 billion based on the current share price.

 

The post The Sayona Mining share price exploded 46% in 2022. Can it keep up the momentum this year? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• ASX 200 lithium shares lead the market higher on Friday
• Here are the top 10 ASX 200 shares today
• The 3 best performing ASX 200 mining shares of 2022
• Why has the Core Lithium share price fallen 26% in a month?

Motley Fool contributor Monica O’Shea 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 Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) closed the first week of 2023 in the green. It gained 0.65% on Friday to close at 7,109.6 points. That marks an 1.01% week-on-week gain.

In the lead today was the S&P/ASX 200 Materials Index (ASX: XMJ), which lifted 3% with lithium shares driving it higher.  

The S&P/ASX 200 Energy Index (ASX: XEJ) also traded higher today, gaining 1.6%. That was a notable change in fortunes following the 3.9% tumble it posted over this week’s first three sessions.

On the other end of town, however, S&P/ASX 200 Real Estate Index (ASX: XRE) stocks struggled, with the sector falling 1.1%.

The S&P/ASX 200 Financials Index (ASX: XFJ) also slumped 0.2%, with the Magellan Financial Group Ltd (ASX: MFG) share price its biggest weight. The stock dumped 10.5% on news the company’s funds under management (FUM) fell $2.6 billion in December.

So, with all that in mind, which ASX 200 share posted the biggest gain on Friday? Let’s take a look.

Top 10 ASX 200 shares countdown

The best performing ASX 200 share in Friday’s session was lithium favourite Core Lithium Ltd (ASX: CXO). It gained 8.56% to close at $1.205.

While there was no news from the company to explain today’s rise, it was joined in the green by many of its lithium-focused peers.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Core Lithium Ltd (ASX: CXO)	$1.205	8.56%
Liontown Resources Ltd (ASX: LTR)	$1.43	8.33%
Sayona Mining Ltd (ASX: SYA)	$0.225	7.14%
Lake Resources NL (ASX: LKE)	$0.83	7.1%
Mineral Resources Limited (ASX: MIN)	$83.54	6.94%
Pilbara Minerals Ltd (ASX: PLS)	$3.96	6.45%
Perseus Mining Limited (ASX: PRU)	$2.33	4.95%
Allkem Ltd (ASX: AKE)	$11.91	4.93%
South32 Ltd (ASX: S32)	$4.25	4.42%
Coronado Global Resources Inc (ASX: CRN)	$2.02	4.39%

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

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why is Core Lithium charging 7% higher today?
• Brokers name 3 ASX shares to buy now
• Why is the Pilbara Minerals share price racing 6% higher today?
• These are the top 3 ASX 200 shares in the first week of 2023
• Why BHP, Core Lithium, Santos, and Winsome shares are charging higher

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 Scott Phillips.

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It’s the first Friday of the new year. So I’m back with my now-regular Friday format.

Have a great weekend!

Redundancy, where art thou?

(No, not that sort of ‘redundancy’, boss!)

Apparently, there are moves afoot to do away with a co-pilot on some commercial flights, leaving the cockpit with just one pilot.

Now, I’m no aviation expert, but that feels risky to me.

It also feels emblematic of the last three years — both government and business.

I’m all for ‘efficient’ government. It makes sense to get full value for our tax dollars and to eliminate waste and duplication, doesn’t it?

Except when it leaves us in the lurch.

Companies face similar pressures. If they have too much cash and not enough debt, the balance sheet is considered ‘lazy’ by investors who are keen to juice their returns by getting the company to pay out that cash and increase borrowings (leverage — using ‘other people’s money’ — can mean (much) higher returns, if nothing goes wrong).

You don’t even have to think too hard to find examples of where this has brought us unstuck:

• We had insufficient PPE when COVID struck, and woefully unprepared quarantine options.
• We have no gas or oil reserves to absorb a price shock. (Or, frankly, a national oil and gas policy to speak of.)
• Companies like Webjet had to almost double the number of shares on issue to stay afloat during the worst of the pandemic because they didn’t have enough cash on hand.
• Qantas needed a massive government bailout (don’t get me started on the fact they’re not going to pay any of it back, despite a billion-dollar-plus forecast profit!).

We’re used to the ‘r-word’, redundancy, being applied to jobs.

But it applies – in a positive way – to planning.

It means making sure we have a fallback. A Plan B. It doesn’t mean we need to do away with efficiency, but it makes sure we’re still alive and kicking when the good times come again.

Now, I have some views on the political and policy arena, but those are for another day.

But, investing-wise, it’s something I reckon we need to keep front and centre.

In two ways:

Firstly, set up your own finances accordingly. Don’t use too much margin debt. Preferably none at all. And have a rainy day account, so you’re not wiped out if the unexpected happens.

And secondly, think about the businesses in your portfolio. How do their finances look? Are they playing an ‘all or nothing’ game? Or are they making sure they’re covered if things don’t work out as well as they hope?

I think we want a second pilot in the cockpit of commercial airlines. And I think we need to set our finances up the same way.

Remember both parts of investing returns

As we go into a new year, I wanted to share an evergreen reminder.

There are two parts to an investment return: What happens and how the market responds to what happens.

And it may not be as obvious as it seems.

The COVID crash is a good reminder. Shares fell 38% before anything had actually happened economically. But the market was anticipating. 

Similarly, the market recovered before the economy, and profits, started to move upward.

Again, anticipation.

Meaning?

Well, the general expectation is for a tougher economy in 2023.

I have no idea what will happen, but that expectation does seem reasonable, given the pressures.

And share prices?

That’s trickier. And, in the short term at least, relies on sentiment.

I can’t give you a forecast. I do think, in many circumstances, share prices already seem to reflect a decent amount of pessimism, so that might provide opportunity.

But I wouldn’t be at all surprised if 2023 has more than its share of volatility.

Quick takes

Overblown: Predictions. No one knows what the future will bring. Moreover, the more likely the outcome, the less valuable it is. And if it’s not likely, then the odds of it being right are… long. In other words? Useless, in either case. We humans love certainty. And we love the idea that maybe, somehow, we could get a glimpse of the future. But we can’t. Make your peace with it.

Underappreciated: I wrote, in this space a few weeks back, about ‘small wins’. But I want to expand, just a little. Life is always changing. Some of those changes get headlines. Others stop being ‘newsworthy’, but don’t stop happening. I saw some new figures about the continued growth of e-commerce during the week. Tech job cuts are getting the headlines, but the overall trend continues. I reckon you should invest accordingly. And look for other similar trends.

Fascinating: Housing is going to be fascinating to watch in 2023. Rates have further (upwards) to go, but rental vacancies remain tiny. I’d expect prices to keep falling while rates rise, but I’m not sure how long that’ll continue to be the case once the RBA is done. On the flip side, those low vacancies should support the building industry for a while to come. (We have to have a population debate at some point, too. But that’s a prickly one, with too much room for xenophobia if handled badly.)

Where I’ve been looking: Yes, I still think there are lots of options for investors prepared to do the legwork. Everyone looks like a genius when the market is rising and (almost) every stock is going up. But when the market is pessimistic, you can assume babies will be thrown out with the bathwater. That doesn’t mean success will be quick, even if we’re right, but it should be worth it in the long run. 

Quote: “I think we judge talent wrong. What do we see as talent? I think I have made the same mistake myself. We judge talent by people’s ability to strike a cricket ball. The sweetness, the timing. That’s the only thing we see as talent. Things like determination, courage, discipline, temperament, these are also talent.” – Rahul Dravid

Fool on!

The post <strong>Redundancy, where art thou?</strong> appeared first on The Motley Fool Australia.

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More reading

• 5 profitable ASX shares you probably have never heard of
• This under-the-radar ASX battery metals share is leaping 15% on Friday. Here’s why
• Why is Core Lithium charging 7% higher today?
• Buy Telstra and this ASX 200 dividend share for income in 2023: brokers
• Brokers name 3 ASX shares to buy now

Motley Fool contributor Scott Phillips has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s easy to get stuck in our old ways, looking at the same handful of ASX shares. What we don’t often realise is that we could be ignoring high-quality companies by only paying attention to those that make the most noise.

In fact, investing in under-the-radar companies that others may be overlooking can sometimes give you an edge as an investor. By doing the leg work to gain an in-depth understanding of a company prior to others, you can potentially capitalize on the undiscovered potential.

With that in mind, let’s take a closer look at these five ASX shares that you may not have come across before.

ASX shares building the world around us

If you asked someone on the street if they had ever heard of Maas Group Holdings Ltd (ASX: MGH), the answer would probably be, ‘Who?‘. Yet, Maas is a leading construction materials company boasting profits of $61.6 million on $517.1 million of revenue in FY22.

The company is growing top-line aggressively by making several debt-fuelled acquisitions. In 2022 alone, Maas made five acquisitions including quarries, plant hire, and maintenance services. Maas shares are down 45% over the last year and trade on a price-to-earnings (P/E) ratio of 13.2.

Similarly, Emeco Holdings Ltd (ASX: EHL) is another ASX share that most people couldn’t tell from a bar of soap. But for such an unrecognisable name, the company sure has built up an enviable heavy machinery rental company.

In FY22, net profits after tax (NPAT) were ratcheted up by 22% to $69 million. The company achieved this result despite labour shortages, supply chain interruptions, and adverse weather events. Emeco shares are 7% in the hole over the past 12 months and are trading on a P/E ratio of 6.6.

Now, if anyone knows Capral Limited (ASX: CAA) by name, I would be impressed. At a market capitalisation of $130 million, it could easily slide by undetected by most investors. However, the aluminium product manufacturer pulled in $638.7 million of revenue in FY22 at a profit margin of nearly 8%.

While profits have since been retreating, the company still maintained a fully franked dividend — producing a dividend yield of 9.5%. Capral shares are 22% lower than where they were a year ago with the company trading on a P/E ratio of around 3.

Cars and healthcare

This next ASX share is the most profitable, in percentage margin terms, out of the bunch mentioned here. Eclipx Group Ltd (ASX: ECX) doesn’t ring bells quite like Telstra Group Ltd (ASX: TLS), but the vehicle fleet leasing and management company does tout a better profit margin.

At the end of September 2022, Eclipx netted $103.3 million in profits for the previous 12 months, representing a 15.3% margin. The below industry average P/E of 5 times earnings possibly reflects the lack of top-line growth over the last five years or so.

Finally, what if I told you there is an ASX share doing over $10 billion in revenue annually and you still probably don’t know it by name? Ever heard of a pharmaceutical retail giant by the name of EBOS Group Ltd (ASX: EBO)?

Maybe not… but I’d say there’s a good chance you do know TerryWhite Chemmart, or Pharmacy Choice, or Good Price Pharmacy Warehouse… EBOS Group operates these businesses and many others across Australasia.

The company operates on paper-thin margins of around 2% but has successfully done so for 100 years. EBOS shares are up 7% over the last year and trade on a P/E of 32 times earnings.

The post 5 profitable ASX shares you probably have never heard of appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s a big day for lithium stocks, with many of the market’s favourites leading the S&P/ASX 200 Index (ASX: XJO). But it’s not only the big battery metals shares making the most of Friday’s session.

One ASX lithium and battery metals share you might never have heard of is launching 15% higher on exploration news.

Right now, the Patriot Battery Metals Inc (ASX: PMT) share price is up 14.6%, trading at 78.5 cents.

Let’s take a closer look at today’s announcement from the ASX newbie.

What’s boosting this ASX battery metals share on Friday?

The Patriot Battery Metals share price is soaring after the Canada-based company announced its kicked off the winter phase of the 2023 drill campaign at its wholly-owned Corvette Property.

The campaign will involve at least five drill rigs. That makes it the largest drill program undertaken in Quebec in recent times. It’s expected to cover a minimum of 20,000 metres.

The company is aiming to extend the project’s CV5 pegmatite system and continue the delineation of the recently discovered CV13 pegmatite cluster.

Findings are expected to support a future pre-feasibility study, towards which the company says it’s “aggressively” advancing.

Meanwhile, assay results from 38 previous drill holes are yet to be reported and a winter road allowing easier access to the drill area is nearly complete.

Patriot Battery Metals president, CEO, and director Blair Way commented on the “significant milestone”, saying:

The 2022 drilling has defined something very special at Corvette and this winter season will further expand on this significant discovery.

The year 2023 will be a transformative year for the company as we advance to an initial mineral resource at CV5.

2023 will also be the battery metals share’s first full year on the ASX.

It floated in December following its ASX initial public offering (IPO). It issued new shares for 60 cents apiece under its prospectus, raising $4.2 million.

The stock rocketed to a record $1.88 the day after it listed before falling to a low of 66 cents yesterday.

The post This under-the-radar ASX battery metals share is leaping 15% on Friday. Here’s why appeared first on The Motley Fool Australia.

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• ASX lithium newcomer Patriot Battery Metals dumps 28% on third day of trade
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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 Scott Phillips.

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If you’re looking for dividend shares to buy in January, then you might want to consider the two named below that brokers rate highly.

Here’s why brokers say these ASX 200 dividend shares are right now:

Centuria Industrial Reit (ASX: CIP)

The first ASX 200 dividend share to consider in January is Centuria Industrial.

Centuria Industrial is Australia’s largest domestic pure play industrial REIT. The company highlights that its portfolio of high-quality industrial assets is situated in urban infill locations throughout Australia and is underpinned by a quality and diverse tenant base.

It also notes that its portfolio is heavily weighted to areas of the economy that are in demand from tenants. This includes properties linked to the production, packaging, and distribution of consumer staples, telecommunications and pharmaceuticals.

Ord Minnett is positive on the company and has a buy rating and $3.50 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 16 cents in FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $3.13, this represents yields of 5% in both financial years.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share that could be a buy in January is telco giant Telstra.

That’s the view of analysts at Morgans, who rate the company highly due to its successful transformation and its ongoing restructure. The broker believes the latter could unlock value for shareholders from the sale of infrastructure assets.

Morgans currently has an add rating and $4.60 price target on Telstra’s shares.

In respect to dividends, the broker is forecasting Telstra to continue paying fully franked 16.5 cents per share dividends in both FY 2023 and FY 2024. Based on the current Telstra share price of $3.98 this equates to yields of 4.15%.

The post Buy Telstra and this ASX 200 dividend share for income in 2023: brokers appeared first on The Motley Fool Australia.

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More reading

• Here’s how I plan to recession-proof my ASX share portfolio this year
• Telstra shares fell short in 2022. Can they deliver in 2023?
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• How I’d use a stock market crash to boost my passive income
• 3 steps to generating passive income with ASX 200 dividend shares in 2023

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 positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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