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The TechnologyOne Ltd (ASX: TNE) share price is on the move on Tuesday morning following the release of the company’s full year results.

At the time of writing, the enterprise software provider’s shares are up 5% to $12.95.

TechnologyOne share price higher on strong FY 2022 growth

• Total revenue up 18% to $369.4 million
• Total annual recurring revenue (ARR) up 25% to $320.7 million
• Software-as-a-Service (SaaS) ARR up 43% to $274.2 million
• Profit before tax up 15% to $112.3 million
• Profit after tax up 22% to $88.8 million
• Final dividend of 10.82 cents per share
• Special dividend of 2 cents per share

What happened in FY 2022?

For the 12 months ended 30 September, TechnologyOne reported an 18% increase in revenue to $369.4 million and a 15% increase in profit before tax to $112.3 million. The latter was at the top end of the company’s guidance range.

This was driven by adoption of the TechnologyOne global SaaS ERP solution, which has been exceeding the company’s expectations. Management revealed that customer adoption drove SaaS ARR of $274.2 million, up 43% year over year.

TechnologyOne now has over 800 large scale enterprise organisations, with millions of users, leveraging its fourth generation SaaS ERP, CiA, for mission critical activities. This makes TechnologyOne the largest single instance SaaS ERP offering in Australia.

The company also had a lot of success in the UK market, with its ARR almost doubling to $17.5 million.

Management commentary

TechnologyOne’s CEO, Ed Chung, appeared to be rightfully very pleased with the result. He commented:

 Our ability to deliver these results is due to TechnologyOne’s clear vision, strategy, culture and our significant investment in R&D.

Our strategy is clear – we strive to deliver a compelling customer proposition, providing our customers with any device, any time access from anywhere around the globe, as well as a simple and cost-effective way to run their enterprise.

We also exceeded our ambitious annual recurring revenue (ARR) targets and ended legacy licences. I’m proud to announce that we have successfully completed our strategy ahead of schedule. No other ERP company in the world has successfully made the transition to SaaS without impacting its customers and/or its profit growth.

The post TechnologyOne share price races 5% higher on strong FY22 growth appeared first on The Motley Fool Australia.

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More reading

• Brokers say these are the best ASX growth shares to buy now
• Analysts name 2 excellent ASX 200 shares to buy now
• Analysts name 2 ASX 200 shares to buy and hold
• Analysts say investors should buy these ASX 200 growth shares

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 recommended TechnologyOne 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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As we approach the final month of 2022, many market watchers are likely setting their sights on the new year and glancing back at all that’s been happening on the S&P/ASX 200 Index (ASX: XJO) this year. And not many ASX 200 shares have been battered as much as former tech favourite Novonix Ltd (ASX: NVX).

The battery technology and materials stock peaked at $12.47 in late 2021 before plummeting in 2022. The Novonix share price closed Monday’s session at $2.34 – 78% lower year to date and 81% off its all-time high.

Much of its suffering can be put down to the shift in market sentiment towards unprofitable shares. Particularly, those in the technology space.  

Many found themselves caught in the middle as central banks attempted to battle inflation by hiking interest rates. Higher rates mean more costly debt. And plenty of companies without positive cash flow rely on debt for growth.

But could all that be about to change for the ASX 200’s Novonix? Let’s take a look at when the company might post a profit.

How is Novonix looking in 2023?

To analyse if ASX 200 tech share Novonix might turn a profit in 2023, one much first look at its business.

Novonix operates in three segments: battery technology solutions, anode materials, and cathode activities.

Much of its receipts from customers – coming in at $2.8 million in the September quarter – come from its battery tech segment.

Though, that’s not nearly enough for the company to break even. It posted a $13.8 million outflow from operating activities in that period. Looking slightly further back, it revealed a $71 million loss for financial year 2022 in August.

Novonix ended the quarter just been with $181.8 million in cash – enough to fund an estimated 13.3 quarters.

Looking to the future, its profitability seemingly relies on its anode materials division. It’s working to produce artificial graphite anode material for use in lithium-ion batteries.

The company expects to be producing 10,000 tonnes of the material annually next year. It plans to expand that to 40,000 tonnes annually in 2025 and 150,000 tonnes annually in 2030.

However, the division’s expansion project is expected to cost around US$1 billion between 2023 and 2025. Of that, US$150 million might be granted from the United States’ Department of Energy, and the company is working to secure the rest.

So, with all that in mind, could the ASX 200 tech share turn a profit in 2023? Well, the future is always uncertain.

However, considering its major ramp-up in anode material production is still a few years away and its $71 million financial year 2022 loss, market watchers might not want to hold their breath.

The post Will ASX 200 tech company Novonix deliver a profit in 2023? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• Why did the Mesoblast share price soar 9% today?
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the Rio Tinto share price trailing the ASX 200 on Monday?

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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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.

What happened

Shares of e-commerce giant Amazon (NASDAQ: AMZN) were down more than the markets today, declining 2.9% as of 11:30 a.m. EDT.

While the broader tech indexes were down as investors appeared to be trimming gains from the recent run-up in stocks, Amazon fell more, perhaps due to a negative Wall Street Journal article on the e-commerce giant regarding some recent customer satisfaction surveys.

So what

On Monday, the Wall Street Journal published an article on its home page whose thesis is that customer satisfaction at Amazon’s e-commerce unit might be waning. Right ahead of the holidays, that’s not a great headline, certainly for a company that preaches “customer obsession.”

The article cited three broad customer satisfaction surveys.

• First, Evercore ISI held its regular survey of Amazon customers, revealing that the proportion of customers that considered themselves “extremely” or “very satisfied” with Amazon came in at “just” 79%. While that’s higher than in the depths of the pandemic, when there were widespread delays, it is down from the peak rate of 88% from one decade ago.
• Furthermore, a different survey from the American Customer Satisfaction Index gave Amazon a score of 78 out of 100, its worst performance since 2000.
• Finally, consulting firm Brooks Bell also conducted a study of 1,000 Amazon customers, finding that roughly one-third reported late deliveries or products of low quality.

The findings are certainly concerning, since the general step-down in satisfaction is showing up in three different surveys. Of course, the effects of the pandemic are still being felt in terms of labor shortages and other factors. Furthermore, competing e-commerce sites don’t have nearly the volume that Amazon does, nor do they make the promises Amazon does, such as the recent push for one-day shipping. Amazon has kept ratcheting up its promises, giving it a higher bar to clear.

Still, there might be real problems here. The increase in third-party sellers on the platform could be causing some issues with product quality. Also, the ramp-up in advertising on the website could complicate customer searches if results are overloaded with ads from irrelevant or lower-tier brands. And the automation of customer service could be frustrating to people who wish to easily speak with a human being.

Amazon likely can’t afford to pull back on those elements, because third-party sales have grown at a higher pace than first-party items, and advertising revenues have been one of the bright spots in Amazon’s earnings results over the past few quarters, even as e-commerce has struggled more broadly. The e-commerce unit has also dipped back into losses, so investing heavily in more in-person customer service would also increase costs.

AMZN PS Ratio data by YCharts.

Now what

The recent survey results aren’t a reason for long-term Amazon investors to panic even though the stock is down more than the market today. The WSJ notes that Amazon spent $1 billion last year combating counterfeiters, fraud, fake reviews, and other bad actors on the platform. Just a couple weeks ago, Amazon’s Counterfeit Crimes Unit helped identify and disrupt three major counterfeit networks in China, where 240,000 fake items were seized by authorities. Commenting on the WSJ article, an Amazon spokesperson also noted high ratings for its mobile app.

Amazon also has a history of tackling problems head-on and doing the difficult work to overcome them, which is why it’s enjoyed such long-term success. However, investors should keep a watch on these customer surveys as well as announcements from Amazon and its management team about how they are going to improve on these issues.

After a brutal year for tech stocks and with a potential recession looming, Amazon’s valuation on a price-to-sales basis is now the lowest it’s been since early 2015, just before it broke out the results from Amazon Web Services. As long as Amazon isn’t in terminal decline — and I don’t think it is — shares are looking like quite the deal these days for long-term-oriented investors. 

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

The post Why Amazon stock fell today appeared first on The Motley Fool Australia.

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More reading

• BrainChip share price dips despite ex-Amazon hire
• Does Amazon’s latest healthcare move make the stock a buy?
• Why Amazon stock fell today
• Is Amazon’s AWS creating a once-in-a-decade buying opportunity for the stock?
• Amazon unveils new healthcare service: Is the stock a buy?

Billy Duberstein has positions in Amazon. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon. The Motley Fool Australia has recommended Amazon. 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 AMP Ltd (ASX: AMP) share price has charged ahead in the past month, but is it still a buy?

AMP shares have leapt 10% from $1.165 at market close on 21 October to the current share price of $1.285. For perspective, the S&P/ASX 200 Index (ASX: XJO) has jumped 6% in the same time frame.

Let’s take a look at the outlook for the ASX financial share.

What’s ahead for AMP?

UBS equity analyst Scott Russell has placed a sell rating on the AMP share price. However, he has increased his price target from 95 cents to $1, the Australian Financial Review reported.

In comments cited by the publication, UBS analysts said:

AMP has successfully divested its insurance and funds management operations, which both simplifies the group and provides for a very strong balance sheet. Capital returns will likely defend the stock for the time being.

Thereafter we remain concerned by the mid-term outlook for the continuing businesses. AMP continues to face fundamental challenges across both banking and wealth management segments and the future shape of the group is unclear.

AMP is a major financial services company that has been operating for more than 170 years.

Meanwhile, Bennelong Kardinia Absolute Return Fund portfolio manager Kristiaan Rehder recently described AMP as a company that is “of particular interest”, having been “out of favour for some time”.

Commenting on AMP, Rehder said:

Our analysis shows that there’s considerable excess capital. And we think it can surprise the market in regards to the extent of its capital returns in the near term.

On the news front, as my Foolish colleague Brooke reported on 15 November, AMP’s sale of the Collimate capital is facing some regulatory delays. However, significant progress has been made towards this transaction. AMP said:

All parties are working constructively together towards completion, and we will update the market on the likely completion dates for both transactions as these approvals progress.

AMP share price snapshot

The AMP share price has climbed 10% in the past year, while it has soared 27% in the year to date.

For perspective, the ASX 200 has fallen more than 3% in the past year and 4% in the year to date.

AMP has a market capitalisation of about $4 billion based on the current share price.

The post Up 10% in a month, are AMP shares worth buying back into now? appeared first on The Motley Fool Australia.

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More reading

• Is it finally safe to buy ASX shares now?
• ASX 200 shares may have just hit the bottom: AMP economist
• Looking to buy AMP shares? Here’s the latest blow to the company’s major divestment
• Why did the AMP share price just crack a new 52-week high today?
• Don’t panic! Here are 7 reasons we can avoid a recession: AMP

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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Are you an income investor searching for dividends? If you are, the team at Morgans has your back.

Listed below are two ASX dividend shares that the broker rates among the best to buy right now. Here’s what it is saying about them:

BHP Group Ltd (ASX: BHP)

Morgans has named the Big Australian as one of its best ideas again this month. The broker has an add rating and $47.00 price target on the mining giant’s shares.

It likes the company due to the diversity of its operations and strong balance sheet. It commented:

We view BHP as relatively low risk given its superior diversification relative to its major global mining peers. The spread of BHP’s operations also supplies some defence against direct COVID-19 impact on earnings contributors. While there are more leveraged plays sensitive to a global recovery scenario, we see BHP as holding an attractive combination of upside sensitivity, balance sheet strength and resilient dividend profile.

In respect to dividends, the broker is forecasting fully franked dividends per share of approximately $2.96 in FY 2023 and $2.99 in FY 2024. Based on the current BHP share price of $42.95, this equates to yields of 6.9% and 7%, respectively.

Westpac Banking Corp (ASX: WBC)

This banking giant has been named on Morgans’ best ideas list this month. The broker has an add rating and $25.80 price target on its shares.

It believes Westpac could deliver a big improvement in its return on equity metric if everything goes to plan. Combined with its attractive dividend yield, Morgans thinks Westpac is a dividend share to buy. It commented:

We view WBC as having the greatest potential for return on equity improvement amongst the major banks if its business transformation initiatives prove successful. The sources of this improvement include improved loan origination and processing capability, cost reductions (including from divestments and cost-out), rapid leverage to higher rates environment, and reduced regulatory credit risk intensity of non-home loan book. Yield including franking is attractive for income-oriented investors, while the ROE improvement should deliver share price growth.

Morgans is forecasting fully franked dividends per share of 153 cents in FY 2023 and 159 cents in FY 2024. Based on the current Westpac share price of $23.97, this will mean yields of 6.4% and 6.6%, respectively.

The post Morgans names the best ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

• Are ASX 200 bank shares a buying opportunity hiding in plain sight?
• Why is the Rio Tinto share price trailing the ASX 200 on Monday?
• If I’d invested $1,000 in Westpac shares at the start of 2022, here’s how much I’d have now
• Why these 3 ASX 200 shares have done ‘particularly well’ and remain top holdings into 2023: fund manager
• Time to buy? Which ASX 200 shares are trading on single-digit P/E ratios?

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Westpac Banking Corporation. 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 Lovisa Holdings Ltd (ASX: LOV) share price has risen by 30% in three months and 80% in five months. It has been on a very strong run.

The jewellery retailer has been reporting a lot of growth in both FY22 and the start of FY23.

Impressive growth

The ASX retail share saw its total revenue rise by 59.3% to $458.7 million in the 2022 financial year. It saw “strong momentum through the financial year”. Comparable store sales went up 19.9% and it opened 85 net new stores during the period – finishing with 629 at the year-end.

FY22 total gross profit increased by 63.8% to $361.8 million, earnings before interest and tax (EBIT) went up 86.6% to $79.7 million, and net profit after tax (NPAT) rose 116.3% to $59.9 million.

In the first 19 weeks of FY23, global comparable store sales increased 16.1% compared to FY22 for the year to date, with total sales for that period up 60%.

It has opened 47 net new stores in the year to date. It recently opened in the new markets of Canada, Poland, Namibia, and Hong Kong. Lovisa is also planning to open its first stores in Italy, Mexico, and Hungary in the “coming weeks”.

Broker views on the Lovisa share price

As reported by the Australian Financial Review, the broker UBS increased its price target from $20 to $29. That’s an increase of 45%, so the broker is much more optimistic about the outlook.

It thinks that the store rollout plan by Lovisa is “compelling” when compared to global peers. Despite the bigger number of stores, UBS notes that the growth is accelerating.

The growth of the size of Lovisa’s store network led to UBS bumping up its earnings per share (EPS) forecasts by 24% for FY23 and 35% for FY24.

UBS thinks that Lovisa can grow its revenue to $958 million in FY25, up from $459 million in FY22. Part of the confidence for this projection is due to new CEO Victor Herrero, who has prior experience in growing a business.

UBS suggested that the business has “significant store growth potential across both existing and new markets”, while the ASX share’s younger core customer base and lower pricing point means it can handle this environment well.

The broker also suggested that becoming larger with a bigger store count can help the business grow its profit margins, which can offset the start-up costs in new markets.

Lovisa share price valuation

The Lovisa share price closed on Monday at $24.45. If Lovisa shares reach $29, that would be a potential rise of almost 20%.

At the current level, the retailer is valued at 32x FY23’s estimated earnings and 24x FY24’s estimated earnings.

The post Up 30% in 3 months, why Lovisa shares can keep sparkling: UBS appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why Liontown, Lovisa, Myer, and Whitehaven Coal shares are pushing higher
• Leading brokers name 3 ASX shares to buy today
• Is this ASX 200 share the gift that keeps on giving?
• Lovisa share price charges to record high on 60% sales boost

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa Holdings Ltd. The Motley Fool Australia has recommended Lovisa Holdings 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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If you are on the hunt for some ASX 200 growth shares, then you might want to check out the two listed below.

These growth shares have recently been tipped as strong buys by analysts at Goldman Sachs. Here’s what the broker is saying about them:

NextDC Ltd (ASX: NXT)

Goldman has just reiterated its conviction buy rating and $14.30 price target on this data centre operator’s shares.

The broker was pleased with NextDC’s annual general meeting update and notes that it has reiterated its guidance for FY 2023.

NXT noted continued strong growth in enterprise, network and partner pipelines driving healthy margin, with revenue growth assisted through price escalation & power pass-through. Although we had seen limited risk to NXT guidance in FY23, we still view this as a positive. […] We forecast (1) Revenues of $347mn (vs. $340-355mn guidance, FactSet consensus $349mn); (2) EBITDA of $196mn (vs. Guidance $190-198mn, consensus $194mn).

Goldman expects favourable tailwinds to underpin further solid growth in the years that follow. It is forecasting EBITDA of $228.9 million in FY 2024 and $274 million in FY 2025.

Webjet Limited (ASX: WEB)

In response to Webjet’s recent first half results, Goldman has reiterated its conviction buy rating with an improved price target of $6.90.

The broker was impressed with the company’s performance in the first half and believes it cements its “view that the business is structurally improved vs. pre-pandemic times.”

Goldman is now forecasting its profits to grow by a six-year compound annual growth rate (CAGR) of 15.3%. It added:

Our near term earnings changes remain modest given that we already price in a strong recovery for WEB in FY24/25. What these results have given us greater confidence is in the group’s longer term outlook for both the Bedbanks and OTA businesses. WEB also continues to report strong cash generation.

The post These ASX 200 growth shares are conviction buys: Goldman Sachs appeared first on The Motley Fool Australia.

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More reading

• ASX 200 company to rake it in now after COVID cost cuts: expert
• Here’s why this ASX 200 tech share is smashing the market today
• Why Arafura, Nanosonics, NextDC, and OZ Minerals shares are rising today
• Brokers name 3 ASX shares to buy today
• Goldman Sachs tips Webjet share price to keep rising

Motley Fool contributor James Mickleboro has positions in NEXTDC 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 Webjet 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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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.

What happened

Tesla (NASDAQ: TSLA) shares continued a recent slide, hitting a two-year low Monday. As of 2:25 p.m. ET, the stock was down 6.8% to about $168 per share. That’s the lowest level since November 2020. 

The reasons for today’s decline are some of the same that have contributed to the more than 40% drop in the stock over the last three months. But there are some new developments as well. 

So what

Investors have been shedding Tesla shares as CEO Elon Musk has had to sell some of his own this year to fund his Twitter acquisition. Musk has sold about $19 billion in total related to the Twitter purchase in 2022. He has also had to put his time and energy into the social media company recently. 

Today’s drop also can be attributed to a newly announced recall, as well as renewed concerns over COVID-19 restrictions in China. 

Now what

China announced three COVID-19 deaths in its capital, Beijing, over the weekend. That marked the first official fatalities attributed to the virus in China since May. As cases continue to increase, authorities also locked down the most populous portion of the large southern port city of Guangzhou. Tesla’s largest plant is in Shanghai, and investors fear an interruption in sales from that facility could have noticeable impacts on the company’s fourth quarter. 

It also didn’t help investor sentiment when a recall of 321,000 Tesla vehicles in the U.S. was announced over the weekend. That said, the news was more of a headline than a concern for impacts to the business, however. The recall was for a rear taillight issue that the company will fix with over-the-air updates.

But investors see several things piling on right now, and Tesla stock still holds a high valuation by traditional metrics. Its price-to-earnings (P/E) ratio remains above 50 on a trailing-12-month basis. So the recent news affecting the business and the brand is moving the stock lower and lower. For long-term investors, that could be an opportunity to begin dipping into the stock, as the business’ prospects continue to grow. 

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

The post Why Tesla shares hit a 2-year low today appeared first on The Motley Fool Australia.

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More reading

• Why Tesla stock could have 930% upside: expert
• Ex-Tesla Australia boss faces 15 years’ jail for insider trading ASX lithium shares
• Here’s what drove Tesla shares back above $200 today
• Why is Tesla stock falling today?
• Why Tesla shares jumped today

Howard Smith has positions in Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Tesla. 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.

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

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With so much interest in ASX lithium shares in recent years, many of the established producers seem to be fully priced.

The lithium price itself has roughly tripled this year, making many experts wary about whether the larger producers have had their run.

Arguably, in order to capture the best returns, investors may need to look at smaller players that haven’t yet fully realised their potential.

One of those is Global Lithium Resources Ltd (ASX: GL1).

The $497 million company is still at an exploratory stage, with a focus on the Marble Bar Lithium Project in Western Australia’s Pilbara region.

Last month, Global Lithium issued new shares to raise $100 million to fund a takeover of the Manna Lithium Project from Breaker Resources NL (ASX: BRB).

Shaw and Partners portfolio manager James Gerrish was asked recently whether he would consider buying this stock, considering the already-elevated lithium prices.

Medium-term prospects ‘very positive’

Gerrish told a Market Matters Q&A that he was still bullish on both the lithium thematic and Global Lithium shares.

But with a caveat.

“We are more cautious in the short-term because of market positioning,” he said.

“Hence a scaled-in approach is worth considering… around $2.30 adding to the position over time.”

The Global Lithium share price closed 1.25% higher on Monday at $2.43.

The stock has roughly doubled since the start of the year, and Gerrish can’t see any reason why that ascent can’t continue.

“The medium-term backdrop here is a very positive one in our view.”

Gerrish is not the only professional loving the look of Global Lithium shares at the moment.

According to CMC Markets, all four analysts currently covering the stock are rating it as a strong buy.

The analysts at Macquarie agree, according to Livewire, predicting a potential 90% upside for Global Lithium stocks at current lithium spot prices.

The post Could this ASX share be the next lithium stock to explode? appeared first on The Motley Fool Australia.

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More reading

• Why is the Global Lithium share price tanking 9% today?
• Guess which ASX lithium share has just been halted amid a major acquisition and cap raise

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 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.

from The Motley Fool Australia https://ift.tt/BLHCpSN

If you’re looking for ASX dividend shares to buy, then you could do a lot worse than the two listed below.

Both of these ASX dividend shares have recently been named as buys. Here’s why experts say they could be worth considering:

Baby Bunting Group Ltd (ASX: BBN)

The first ASX dividend share for income investors to consider is leading baby products retailer Baby Bunting.

Analysts at Morgans remain positive on the company and currently have an add rating and $3.60 price target on its shares. While disappointed with its first quarter margins, the broker feels that its shares have been oversold. It said:

With the shares nearly 30% lower than they were before the AGM, there has, in our view, been an overreaction to the update. BBN is still the largest specialist in a comparatively defensive retail segment. It 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. It’s trading on 12x FY24 P/E. ADD.

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 $2.56, this will mean yields of 5.5% and 6.3%, respectively.

Healthco Healthcare and Wellness REIT (ASX: HCW)

Another ASX dividend share to look at is the Healthco Healthcare and Wellness REIT.

Goldman Sachs is a fan of this health and wellness focused real estate investment trust and has a conviction buy rating and $2.05 price target on its shares.

The broker likes the company due to its strong balance sheet, positive tenant mix, and the resilient valuations in the healthcare sector. It commented:

[T]he REIT remains one of our top picks in the sector given 1) its net cash position with over $450mn of liquidity, providing flexibility for near term opportunities, 2) its diversified mix of strong tenant covenants in sub-sectors that are majority government-backed across the care spectrum, mitigating potential tenant credit risks, 3) Healthcare and childcare assets valuations have remained resilient, 4) the expansive forecast future demand for assets across the care spectrum, underpinning development opportunities, and 5) inexpensive valuation.

As well as decent upside, Goldman is expecting attractive dividend yields from the Healthco Healthcare and Wellness REIT.

It has pencilled in dividends per share of 7.5 cents in both FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.58, this will mean yields of 4.75% for income investors.

The post Experts say these ASX dividend shares are buys today appeared first on The Motley Fool Australia.

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More reading

• 3 key things I look for when buying ASX dividend shares
• Buy these ASX dividend shares now: Goldman Sachs
• Why I think these ASX dividend shares can double in 7 years AND pay income along the way
• Analysts name 2 ASX dividend shares to buy right now
• Why Baby Bunting, James Hardie, Sims, and Temple & Webster shares are dropping

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

from The Motley Fool Australia https://www.fool.com.au/2022/11/22/experts-say-these-asx-dividend-shares-are-buys-today-2/