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The S&P/ASX 200 Materials Index (ASX: XMJ) is rising 1% today, but three ASX mining shares are soaring even higher.

The Aston Minerals Ltd (ASX: ASO), Besra Gold Inc (ASX: BEZ) and Auteco Minerals Ltd (ASX: AUT) share prices are all lifting today.

So let’s take a look at why these ASX mining shares are rocketing higher today.

Aston Minerals

Aston Minerals shares are surging 8.57% today. The company reported extensive nickel and cobalt at the company’s Bardwell Prospect. This is part of the Edleston Project in Canada. Significant intercepts included:

• 217.35 metres (m) at 0.28% nickel and 0.012% cobalt starting from 288.5m, ending in mineralisation
• 304.38m at 0.25% nickel and 0.011% cobalt from 15.2m
• 269.5m at 0.27% nickel and 0.01% cobalt starting from 138.5m, ending in mineralisation

Early drilling of the B2 also intersected with “substantial mineralisation”.

Commenting on the results, managing director Dale Ginn said:

To discover such a large mineralised unit with such a considerable step out from the areas of known mineralisation provides a high degree of confidence towards the scale potential of this project.

Besra Gold

Besra Gold shares are exploding 97.5% today after soaring more than 100% in earlier trade. The company reported bonanza grade gold intercepts at the company’s Bekajang project in Malaysia. These results included more than 47 metres of mineralisation at BKDDH-27 and greater than 22 metres of mineralisation at BKDDH-23.

Commenting on the results, CEO Dr Ray Shaw said:

The potential implications of the exceptional grades intercepted during our recent drilling, demand priority follow-up, and may lead to a fundamental revision and upgrade of Bekajang’s potential.

Auteco Minerals

The Auteco Minerals share price is surging 11% today. Auteco reported drilling at the Tyson discovery has intersected with the company’s highest grade gold to date. The Tyson discovery is within the company’s Pickle Crow gold project in Ontario, Canada. The “bonanza” intersection of 1,020 grams per tonne is outside the existing inferred resource.

Commenting on the results, CEO Darren Cooke said:

The recent Tyson results continue to demonstrate that we are onto a significant new mineralised system that has not been historically mined.

The post 3 ASX mining shares rocketing higher on new finds appeared first on The Motley Fool Australia.

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More reading

• 2 ASX shares perfect for the current climate: expert
• Warren Buffett owns these 5 value stocks
• Why is this ASX All Ords biotech share crashing 12% today?
• Guess which ASX 200 share is rocketing 13% on a ‘milestone year’
• Why is the Polynovo share price on ice today?

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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Even though interest rates have already risen a whopping 275 basis points in just six months, there is a lag before the impact truly hits.

That’s because it takes time for the rate rises to be enacted by mortgage providers then to flow on to home loan repayments. Some Australians might be on a fixed rate and that term may have temporarily shielded them from the rate hikes.

This lag is visibly seen in the unemployment rate, which still remains low by historical standards.

So with the worst economic times still ahead of Australia, which are the ASX shares best placed for endurance?

Baker Young managed portfolio analyst Toby Grimm had a couple of ideas:

‘We see attractive value’

Gold is traditionally seen as a safe-haven asset in times of economic distress.

But while 2022 has been pretty turbulent, the gold price has stubbornly remained depressed.

If, like Grimm, you think this is due for a turnaround, Silver Lake Resources Limited (ASX: SLR) might be worth considering.

“We see attractive value as we expect an improving operational performance amid potential for a long-awaited rally in the gold price,” Grimm told The Bull.

The Silver Lake share price is down 321% year to date.

He admitted recent results have disappointed, but it was not the be-all and the end-all.

“Gold production of 59,935 ounces in the September quarter marginally missed market expectations due to lower grades and maintenance at its Deflector mine,” said Grimm.

“However, Silver Lake’s other assets performed well and, with higher grades anticipated moving forward, Silver Lake retained full-year guidance.”

According to CMC Markets, four out of six analysts that cover the stock currently recommend it as a strong buy.

Investing for 2024

For a longer term prospect, Macquarie Group Ltd (ASX: MQG) shares are looking ripe for Grimm.

“The company’s diversified business model is appealing,” he said.

“The company’s latest half-year net profit after tax of $2.305 billion to September 30, 2022 was up 13% on the prior corresponding period, but down 13% on the period ending March 31, 2022.”

With the economy slowing down, the current financial year won’t light the world on fire. But for Grimm, Macquarie stocks are for looking beyond that hump.

“The full year will be tough, but we believe the investment bank is positioned for an earnings recovery in 2024.”

After an up-and-down 2022, the Macquarie share price now sits about 15.4% down from where it started the year. The dividend yield is now at 3.64%.

Grimm’s peers are in general agreement with him. CMC Markets shows nine of 14 analysts rate Macquarie as a buy, with eight of those thinking it’s a strong buy right now.

The post 2 ASX shares perfect for the current climate: expert appeared first on The Motley Fool Australia.

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• Looking to buy Macquarie shares? The bank is ‘positioned for an earnings recovery’: fundie
• Over half of millennials own shares. Here are 3 ASX share ideas to start your own portfolio
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Motley Fool contributor Tony Yoo has positions in Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Warren Buffett is one of the greatest investors of our time and his company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), regularly beats the S&P 500, a broader benchmark for the market, on annual performance. One of the ways Buffett and Berkshire are able to do so is through Berkshire’s massive $345 billion equities portfolio, from which Buffett and the rest of his team purchase and sell select stocks.

Buffett has long been known as a value investor. He tries to find stocks that are trading below their intrinsic value and that the market missed or simply ignored. Over time, value investors believe these stocks will appreciate nicely as the market wakes up and takes notice.

Considering how successful Buffett has been with this strategy, let’s look at five value stocks the Oracle of Omaha currently owns and see if they have helped his business succeed.

1. HP

Known as the original start-up out of Silicon Valley, HP (NYSE: HPE) has been making computers and printers for decades. While the company may not be seen as the innovator it once was, HP has become a stock that traditional investors have warmed up to for the basic reason that it prints plenty of cash profits and uses that to pay shareholders.

For fiscal 2022, HP is projecting free cash flow of between $3.2 billion and $3.7 billion. The company is also on track to return more than $5 billion to shareholders through dividends and share repurchases in the current fiscal year. With an annual dividend yield of close to 3.4%, HP stock trades at just over five times earnings.

2. Citigroup

After investing in nearly every other large US bank over the past few decades, Buffett and Berkshire purchased a nearly 3% stake in the embattled bank Citigroup (NYSE: C) earlier this year. Citigroup is an obvious value play, with its stock trading at just 60% of its tangible book value, or net worth. Shareholders are right to question the stock at the moment after the company has been dealing with regulatory issues regarding its risk management and internal controls, and after years of lagging returns.

But now, CEO Jane Fraser, who took over Citigroup in early 2021, commenced a big transformation plan which includes selling off most of the bank’s international consumer banking operations. This will make the bank simpler and focus on higher-performing businesses. Citigroup still has a lot of work to do, but if management can clean up the regulatory issues and create a more focused operation, getting back to full tangible book value should be quite doable. While Buffett waits, Citigroup is paying an annual dividend yield in excess of 4%.

3. Kraft Heinz

The multinational food and beverage company Kraft Heinz (NASDAQ: KHC) is often referred to as Buffett’s biggest mistake. Berkshire teamed up with 3G Capital in 2013 to purchase Heinz for $23 billion. They would eventually merge the company with Kraft in 2015, at which time shares opened around $71.

Today, shares sit at $38, so Berkshire has lost a good deal of money on the investment. Still, Berkshire continues to own more than 26% of the company. Kraft Heinz still has nearly $19.3 billion of long-term debt, but management made some serious progress in reducing that debt, grew free cash flow in recent years, and it also pays more than a 3% dividend yield.

4. Ally Financial

The large digital consumer bank Ally Financial (NYSE: ALLY), which specializes in auto lending, is another bank Buffett is purchasing stock in while its below tangible book value, and which pays an extremely healthy dividend yield of roughly 4.6%. Ally took off during 2020 and 2021, as the chip shortage and lack of auto inventory led to high car prices and huge demand, particularly among vehicles, enabling Ally to strongly grow its retail auto loan book.

But investors are now concerned about loan losses as consumer finances get drained and as many expect a recession next year. Ally is still originating auto loans — and at very high yields — and management seems to be taking a conservative approach to credit. If loan losses don’t exceed management’s built-in expectations, then I’d suspect Berkshire has a winner here.

5. Jefferies Financial

Berkshire recently unveiled its small purchase of shares in investment bank Jefferies Financial (NYSE: JEF) during the third quarter. Similar to Citigroup and Ally, Jefferies also has an attractive valuation, trading just over tangible book value. The bank also pays out more than a 3% dividend yield.

The broader investment banking sector struggled this year, as equity and debt underwriting significantly slowed down in the face of falling equity valuations and market volatility. But Jefferies is reportedly gaining market share and Berkshire and Jefferies own a mortgage business together, so Berkshire likely got to know management pretty well.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Warren Buffett owns these 5 value stocks appeared first on The Motley Fool Australia.

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• I’d use the Warren Buffett method to create a ‘best ASX shares to buy now’ list
• This is how Warren Buffett defines a great business — and how you should too
• Is it a Warren Buffett stock or not? 5 simple questions to ask yourself
• These 3 US stocks were Warren Buffett’s biggest winners over the past 5 years

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Ally is an advertising partner of The Ascent, a Motley Fool company. Bram Berkowitz has positions in Citigroup and has the following options: long January 2024 $80 calls on Citigroup. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Berkshire Hathaway (B shares) and Jefferies Financial Group Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended The Kraft Heinz Company and has recommended the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool Australia has recommended Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Virgin Money UK CDI (ASX: VUK) share price is leaping 13.19% right now after the S&P/ASX 200 Index (ASX: XJO) bank dropped its financial year 2022 (FY22) earnings and news of more share buybacks last night. Right now, stock in Virgin Money is trading at $2.875 apiece.

Shares in ASX 200 bank Virgin Money soar on results and buyback

Here are the key takeaways from Virgin Money’s FY22 earnings. All figures have been converted from pounds sterling at today’s exchange rate (1 pound to $1.79 AUD).

• $1 billion after-tax profit – a 43% year-on-year increase
• $2.8 billion of underlying net interest income – a 13% lift
• Underlying operating income came to $3.1 billion – up 12%
• Net interest margin (NIM) lifted to 1.85% for the full year, and 1.86% in the final quarter
• 7.5 pence (13 cents) final dividend – up from last year’s 1 pence (1.9 cents) final dividend
• Announced an $89.5 million share buyback

Virgin Money’s total customer lending lifted 0.8% over the 12 months to September, reaching $130 billion while the bank’s underlying cost-to-income ratio (CIR) fell to 52%.

It said its higher NIM was due to rising rates and mix optimisation. It also reported record growth in current account sales and new credit card origination.

Additionally, the bank delivered $123.5 million of annualised gross savings and has committed to a “sustainable” 30% payout ratio.

Its CET1 ratio was “strong” at 15% while its cost of risk came in at 7 basis points.

What else happened in FY22?

The ASX 200 bank also pushed forward with its digital strategy in FY22. It automated 43% of key customer journeys and expanded its loyalty and reward programs.

While Virgin Money wasn’t directly exposed to the conflict in Ukraine, it was impacted by resulting higher costs, interest rates, and pressure on its customers and asset quality.

The company also announced a near-$90 million share buyback targeting its stocks listed in both London and Australia last night. The buyback is set to start today and acts as an extension to the slightly larger buyback announced in June.

What did management say?

Virgin Money CEO David Duffy commented on the results driving the ASX 200 bank stock higher today, saying:

2022 has been a milestone year for Virgin Money. We have good momentum while delivering a strong performance and improved returns for our shareholders.

We’ve changed the game in purpose-led flexible working to create an engaged, high-performing organisation that’s cost-efficient and agile, which will underpin targeted growth through further digital innovation.

While we have solid credit quality across our lending, we are aware that some customers will have to make difficult decisions in this environment, and we are proactively offering them help and support.

What’s next?

The company expects its NIM to be between $1.85% and 1.9% in FY23. Meanwhile, its CIR is tipped to improve to around 50% with further falls targeted for FY24.

It hopes to maintain its CET1 at above 14% this financial year amid macroeconomic uncertainty, with the measure set to return to its targeted 13% to 13.5% in FY24. It also anticipates its cost of risk to normalise around the cycle level of 30 basis points to 35 basis points.

The company’s digital wallet is expected to be launched in early in 2023 with more functionality to be added through the year.

Finally, the bank is targeting growth in Unsecured & BAU Business lending, which is tipped to moderate in 2023. It hopes to maintain its mortgage market share in the medium term.

Virgin Money share price underperforms ASX 200 in 2022

Today’s gains haven’t been enough to boost the ASX 200 bank share back into the longer-term green.

The stock has tumbled more than 16% in 2022 so far. It’s also currently 13% lower than it was this time last year.

For comparison, the ASX 200 has fallen 5% year to date and 2% over the last 12 months.

The post Guess which ASX 200 share is rocketing 13% on a ‘milestone year’ appeared first on The Motley Fool Australia.

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More reading

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• Why did Macquarie just switch out ANZ for CBA shares?
• Will ASX 200 tech company Novonix deliver a profit in 2023?
• 5 things to watch on the ASX 200 on Tuesday
• Why did the Mesoblast share price soar 9% today?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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 Paradigm Biopharmaceuticals Ltd (ASX: PAR) share price is having a difficult day.

In afternoon trade, the biotechnology company’s shares are down 12% to $1.48.

This makes the Paradigm share price one of the worst performers on the All Ordinaries index today.

Why is the Paradigm share price sinking?

Investors have been hitting the sell button on Tuesday after Paradigm announced the surprise exit of its CEO and managing director, Marco Polizzi.

According to the release, Mr Polizzi has stepped down from his role immediately and will cease employment with the company on 20 February.

Paradigm only announced the appointment of Polizzi at the end of May, with the experienced pharmaceutical industry executive commencing in the role on 1 July. At the time, the company hyped up his appointment, describing him as “a CEO with the skills to fully unlock the commercial value of the company.”

No reason was given for the CEO’s exit after just a few months with the company. Nor did Polizzi leave a parting comment, which is never a good look and could potentially be an indication of boardroom tensions.

What now?

The Paradigm board has acted quickly and appointed the company’s founder and non-executive chairman Paul Rennie as its new leader. He said:

I am pleased to advise that the personal circumstances that originally required my stepping down from the Managing Director role in 2021, have now been successfully resolved. I look forward to working closely again with the Paradigm executive team and the Board in continuing our journey together.

Following today’s decline, the Paradigm share price has now lost almost a third of its value over the last 12 months.

The post Why is this ASX All Ords biotech share crashing 12% today? appeared first on The Motley Fool Australia.

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More reading

• Why is the Polynovo share price on ice today?
• Guess which ASX gold share just soared 100% on a ‘bonanza-grade’ discovery
• Goldman Sachs gives its verdict on the Altium share price
• Here are all the ASX shares I’ve been buying in 2022
• 11 ASX shares that make Abrdn’s World Cup team

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

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The All Ordinaries Index (ASX: XAO) is enjoying some time in the sun today. At the time of writing, the All Ords has gained a healthy 0.5%, putting it back over 7,370 points. But one ASX All Ords share is missing out on the party today. That would be the Polynovo Ltd (ASX: PNV) share price.

Polynovo shares aren’t trading today. The company finished at $2.09 a share yesterday afternoon, a level it will be staying at for a while. So what’s going on with this ASX healthcare share that has it barred from trading?

Well, Polynovo released an ASX announcement this morning before market open that tells us some of what is going on.

Polynovo share price frozen amid capital raise

So yes, Polynovo shares are suspended from trading at the request of the company. The purpose of this suspension is to allow Polynovo to conduct a capital raise.

This will be in three stages. The first is a $30 million institutional share placement for institutional investors. The second is a $17 million share purchase plan, available for retail investors. The third is a $3 million share placement available only to certain directors of the company.

All up, the $47 million that Polynovo hopes to raise will:

Accelerate growth in the US and the rest of the world, including the newest markets in Canada, India and Hong Kong… This will also include the construction of a new manufacturing and R&D facility, next to the existing [Melbourne] factory, to satisfy the significant increase in demand for NovoSorb.

Eligible shareholders will have the option to apply for up to $30,000 in new Polynovo shares at a price of $1.90 each, a 9.1% discount to the company’s last traded share price of $2.09.

For retail investors, the new shares issued under the placement will start trading on 21 December next month. Polynovo expects its shares to resume ASX trading tomorrow.

The Polynovo share price is up almost 34% year to date in 2022 thus far. It’s also up more than 130% since May.

The post Why is the Polynovo share price on ice today? appeared first on The Motley Fool Australia.

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More reading

• Two 5-bagger health tech ASX shares ready to rocket again: expert
• If you invested $5,000 in each of these ASX shares 10 years ago, you’d be a millionaire today
• Guess which ASX All Ords share turned a $30,000 investment into $1 million
• The ASX All Ords share that’s a better, cheaper buy than Polynovo: Wilsons

Motley Fool contributor Sebastian Bowen 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 POLYNOVO FPO. 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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An ASX gold share is exploding today on the back of exploration news.

The Besra Gold Inc (ASX: BEZ) share price is surging 110% today. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) is climbing nearly 1% today.

So what did this ASX gold share report today that has investors excited?

High-grade gold intercepts

The Besra Gold share price is soaring after the company reported “bonanza” grade gold intercepts at the Bekajang project in Malaysia.

Results included more than 47 metres of mineralisation at BKDDH-27 and more than 22 metres of mineralisation at BKDDH-23.

This included 10 metres at 7.09 grams per tonne (g/t) of gold from 8 to 18m at BKDDH-27 and 9m at 17.71 g/t gold from 19 to 28m at BKDDH-23.

The “exceptional” high-grade gold intercepts show potentially a “very significant understorey of mineral endowment”, according to Besra Gold.

A further round of drilling will start shortly to follow up on these results.

Commenting on the news driving this ASX gold share today, CEO Dr Ray Shaw said:

The results of the BKDDH drilling program highlight just how little understood are the controls on mineral endowment within what is the most mature sector of the Bau Gold Field corridor that includes two very significant historical mines, Tai Parit and BYG.

The potential implications of the exceptional grades intercepted during our recent drilling, demand priority follow-up, and may lead to a fundamental revision and upgrade of Bekajang’s potential

Besra Gold share price snapshot

The Besra Gold share price descended nearly 21% in the year to date, but it has soared 66% in the last month.

For perspective, the ASX 200 has fallen nearly 3% in the last year.

This ASX gold share has a market capitalisation of more than $20 million based on the current share price.

The post Guess which ASX gold share just soared 100% on a ‘bonanza-grade’ discovery appeared first on The Motley Fool Australia.

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More reading

• Goldman Sachs gives its verdict on the Altium share price
• Here are all the ASX shares I’ve been buying in 2022
• 11 ASX shares that make Abrdn’s World Cup team
• 3 ASX All Ordinaries shares hitting multi-year highs on Tuesday
• One million more Sayona shares just hit the market. Here’s the latest

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 Altium Limited (ASX: ALU) share price is trading lower on Tuesday.

In afternoon trade, the electronic design software company’s shares are down 1% to $35.95.

This means the Altium share price is now down approximately 20% in 2022.

Is the Altium share price weakness a buy opportunity?

Goldman Sachs has been looking at Altium this week and has given its verdict on the company’s shares.

According to the note, while the broker only initiated coverage on the company’s shares with a neutral rating, it does see plenty of value in them at the current level.

Goldman has initiated with a price target of $42.00, which implies potential upside of almost 17% for investors. It commented:

Altium is seeing strong momentum from its flagship, desktop based software, Altium Designer, while has significant monetisation opportunities as it transitions this to the cloud (365) and fully leverages its #1 electronic parts marketplace Octopart.

Bull and bear cases

Goldman also revealed that it sees scope for the Altium share price to rise to $66 in its bull case scenario and fall as low as $29 in its bear case scenario.

The broker explained the bull case scenario:

Our Bull case scenario factoring in: Pathway to US$500mn FY26 revenues at 40% EBITDA margins (in-line with targets), and a corresponding re-rating in ALU’s multiple to 49x, which reflects the median growth adjusted multiple of profitable ANZ Tech Peers (1.9x) and the stronger EBITDA growth (+25% FY22-25E CAGR). We do not include an M&A valuation given an acceleration in earnings would likely extend the premium past its peak vs. ANZ technology peers (which is the basis of our 15% base case M&A Valuation).

As for the bear case scenario, it said:

Our Bear case scenario assumes: difficult PCB subscription growth given business uncertainty (10% B&S Rev CAGR) supported by solid pricing, a normalisation in the outlook for Octopart post Covid supply chain tailwinds (11% Rev CAGR), with modest margin expansion, and a corresponding lower fundamental multiple of 22x driving an A$26 fundamental valuation, based on the growth adj. EBITDA multiple of ANZ Technology peers (1.9x) and the softer growth outlook (11% EBITDA CAGR). This fundamental valuation (85% weighting) and a 15% weighting of a M&A valuation of A$48 derived from a lower earnings expectation on 42x EV/EBITDA (in-line with base case), gives an overall bear case valuation of A$29.

Based on the above, the next few years are likely to be very interesting and potentially very rewarding for investors if things go to plan.

The post Goldman Sachs gives its verdict on the Altium share price appeared first on The Motley Fool Australia.

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I view the ASX share market as the best way to grow my wealth over the long-term. I get excited by lower prices when it comes to investing for better value. This year has seen plenty of volatility for asset prices, so I’ve been putting money to work in my portfolio to take advantage.

Thankfully, looking at my portfolio at this stage in the year, it isn’t down too much. But, I did use the lower prices earlier in the year to load up, spread across a few different names.

I have mentioned before that all of my holdings pay dividends, which is the strategy that my wife and I settled on. That’s not necessarily because I/we believe ASX dividend shares will make better returns. But, they are a way to receive the benefits of growth and profit generation without having to sell the investment position. I think selling well is much trickier than buying shares. It also helps me ‘see through the noise’ of share market volatility if I know dividends are on their way in a short period of time.

With that in mind, here are the non-listed investment company (LIC) names that I’ve invested in this year, in alphabetical order.

Bailador Technology Investments Ltd (ASX: BTI)

Bailador is an investment company that focuses on small, but growing, technology businesses. The weakness in prices in the tech sector this year was the catalyst for me wanting to invest.

It only invests in businesses with a “proven” business model that have a global addressable market. In other words, Bailador only goes for tech names that have a lot of growth potential and good unit economics.

I like that it has a large cash pile, after successful asset sales many months ago. The ASX dividend share can use this cash to make investments in cheaper-valued private businesses.

At the current Bailador share price, it has a grossed-up dividend yield of around 7.5%.

Brickworks Limited (ASX: BKW)

I like that Brickworks has a very long dividend track record. The payout hasn’t been cut in over 40 years. Sentiment about Australian building products can be quite cyclical, so I think times of weakness can prove to be opportunistic times to invest. It has just announced a supply agreement for bricks into the UK.

But, I’m attracted to the company’s potential to keep growing the dividend and underlying value of its business. It owns 26.1% of investment business Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), which provides helpful stability and diversification for Brickworks, a growing dividend and makes up the bulk of the underlying value of Brickworks.

The ASX dividend share also has a “substantial” property division with two joint venture trusts with Goodman Group (ASX: GMG), as well as wholly-owned land for development.

Brickworks has a trailing grossed-up dividend yield of 4.3%.

Duxton Water Ltd (ASX: D2O)

Duxton Water is a unique business on the ASX. It owns water entitlements and leases them to farmers for the short-term or the longer term.

I like the way it has an indirect exposure to the strong Australian farming sector, in a less-cyclical manner.

It’s aiming to pay a growing dividend for investors and hopefully deliver capital growth over time. Duxton Water shares trade at a large discount to the stated net asset value of the company. I aim to invest when there’s more rain in the east of Australia, to try to take advantage of the impacts of supply and demand. But, interestingly, the water price has remained strong this year.

The ASX dividend share has a trailing grossed-up dividend yield of 5.6%.

Rural Funds Group (ASX: RFF)

Rural Funds is a real estate investment trust (REIT) that also offers exposure to the agricultural sector. It owns farms across a number of areas including cattle, almonds, macadamias, vineyards and cropping (sugar and cotton).

The business is benefiting from the growing rental income, with some contracts having fixed rental increases and others being linked to CPI inflation, plus market reviews.

The ASX dividend share aims to grow its distribution by 4% per annum and its FY23 yield is expected to be 4.7%.

Soul Pattinson

Of the names on this list, this is the business that I have been investing in the most.

It has a diversified portfolio across a number of sectors including telecommunications, building products, financial services, property, resources, agriculture, swimming schools and so on.

Soul Pattinson may not be the quickest-growing business or have the biggest dividend yield, but it’s the one that I’ll most likely still own in my portfolio in 20 years and even 50 years.

The trailing grossed-up ordinary dividend yield for this ASX dividend share is 3.8%.

The post Here are all the ASX shares I’ve been buying in 2022 appeared first on The Motley Fool Australia.

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• 3 key things I look for when buying ASX dividend shares

Motley Fool contributor Tristan Harrison has positions in Bailador Technology Investments Limited, Brickworks, DUXTON FPO, RURALFUNDS STAPLED, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bailador Technology Investments Limited, Brickworks, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks, RURALFUNDS STAPLED, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Bailador Technology Investments Limited. 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 soccer World Cup is under way, with 32 national teams now camped in the Middle East to compete for glory.

While the choice of host, Qatar, has been controversial due to the country’s human rights record, billions of soccer fans will still tune in to barrack for their flag. The sport is a matter of life and death in many parts of the world.

As Australia prepares for its first game kicking off early Wednesday morning, Abrdn investment manager and soccer enthusiast Shawn Lee couldn’t help himself.

He has picked his own team of 11 ASX shares that would lead his portfolio to a World Cup win:

Goalkeeper

The safe pair of defensive hands at the back for Lee is Auckland International Airport Limited (ASX: AIA).

“We need a good communicator with quick reflexes guarding our goal,” Lee said on the Abrdn blog.

“Auckland Airport’s prompt response to the COVID crisis was impressive. It moved swiftly to rein in its cost base, pausing large capital projects and preemptively raising emergency capital.”

With the world now well into the post-pandemic era, he feels like Auckland Airport can “fend off the ups and down of economic cycles” and offers its investors a monopoly asset.

Left and right backs

According to Lee, left back Bapcor Ltd (ASX: BAP) is “one of the most compelling defensive players”.

“Even though Bapcor has had a recent change of coach, new chief executive Noel Meehan has progressively won over the dressing room to restore our team’s stability,” he said.

“Although many things may not be ‘better than before’, we think Bapcor has a long playing career ahead and, allied to reasonable valuation, demands a place in our starting line-up.”

The right back position will be taken by real estate fund Centuria Capital Group (ASX: CNI).

“We wanted a versatile full-back that’s quick on its feet, with good anticipation and composure,” said Lee.

“Centuria fits the bill nicely, with its nimbleness evident as it pivots its core unlisted funds business.”

He admitted office assets were under a cloud in the post-COVID era, but the company has other fires burning.

“Centuria continues to seek out growth by pivoting its product towards other property sub-sectors more in vogue – including healthcare, industrial property and agriculture investments.”

Centre backs

Lee’s middle defenders are Infratil Ltd (ASX: IFT) and Ridley Corporation Ltd (ASX: RIC).

“We want our centre backs to provide as much pitch coverage as possible, and Infratil’s portfolio of other core investments span a range of sectors such as data centres, telecommunications, retirement living and electricity generation,” he said. 

“We think Infratil is staying one step ahead of a fast-evolving game – evident through its investment in solar/wind farm developer and operator Long Road Energy.”

Animal feed producer Ridley is on the radar of many experts at the moment.

“Ridley’s defensive psyche is finely tuned, with the majority of customer contracts allowing it to pass through inflationary costs, while its mix of divisional exposures should also provide some protection against adverse weather,” said Lee.

“After shedding excess, some might say Ridley has a small frame. But this player still packs a punch.”

Midfielders

Left, centre and right midfielders are IPH Ltd (ASX: IPH), AUB Group Ltd (ASX: AUB) and Monadelphous Group Limited (ASX: MND), respectively.

“Like any good midfielder, IPH is in excellent condition and is no stranger to playing the endurance game, especially given that the patent lifecycle and corresponding workflow can span 20 years or more,” said Lee.

“We drafted AUB in to play a crucial role in our team as we believe its traditional defensive strengths are being nicely complemented by an improving offensive game.”

Monadelphous sounds like a biotech, but it’s actually a Perth-based mining services provider.

“It has an exemplary operating track record, differentiating it from what is otherwise a peer group of service providers that typically experience booms and busts,” Lee said.

“Midfield is often referred to as the engine room of the team, and the WA resources engine is most definitely humming!”

Forwards

The wingers for Lee would be IDP Education Ltd (ASX: IEL) and Hub24 Ltd (ASX: HUB).

“Wingers need good ball control to get in behind opposition defences and set up attempts on goal. We believe IDP has excellent skills and a few tricks in its locker,” he said.

“In between digitising the business through computer-based IELTS testing, the acquisition of online course database provider Hotcourses, the launch of marketplace platforms such as IDP live, the shrewd purchase of IELTS India and thriving amid the COVID crisis that otherwise devastated the international student industry, we think the business has executed almost flawlessly and consistently made fools of opposing defences.”

Hub24 has “had more shots at goal than many of its peers”.

“Speed is a key attribute of good wingers, and this is where Hub24 does not disappoint,” said Lee. 

“Platform funds under administration have grown at breakneck speed since the business was established in 2007, in part due to tailwinds from the move towards independent financial advice, but also as a result of innovative platform technology and a superior customer experience.”

Finally, the big goal scorer in the centre forward position is Pro Medicus Limited (ASX: PME).

“We can’t fault Pro Medicus’s hot scoring streak, announcing multiple record-sized cloud-based contract wins, together with strong renewal momentum on improved pricing and contractual terms,” said Lee.

“Not only do we anticipate conversion of the contract pipeline, we think the business has enhanced its scalability through cloud-based deployment, which will grow its addressable market meaningfully and allow it to penetrate a smaller customer base previously deemed to be less economic.”

The post 11 ASX shares that make Abrdn’s World Cup team appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo 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 Hub24 Ltd, Idp Education Pty Ltd, and Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended IPH Ltd. The Motley Fool Australia has positions in and has recommended Hub24 Ltd and Pro Medicus Ltd. The Motley Fool Australia has recommended Austbrokers Holdings Limited, Bapcor, and IPH Ltd. 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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