Tag: Motley Fool

S&P/ASX 200 Index (ASX: XJO) shares closed Friday’s session only slightly in the green, up 0.23%.

It’s been a rough year for ASX 200 shares so far. From the first day of trading on 4 January, the index fell about 15% until bottoming in mid-June.

Since then, there’s been a highly volatile rebound with ASX 200 shares up about 11%. Overall, ASX 200 shares are down 5.8% in the year to date.

This market downturn had led to a bunch of ASX 200 shares trading on single-digit price-to-earnings (P/E) ratios.  

As we explain in Motley Fool’s Education Centre, the P/E ratio — also called the ‘earnings multiple’ or ‘price multiple’ — is a commonly-used metric that helps investors determine a company’s value.

What is a P/E ratio?

A P/E ratio measures a company’s current share price against its earnings per share (EPS). Stocks with P/E ratios below 15 are generally considered cheap and those above 18 are considered expensive. 

There are other factors to consider, though. For example, a high-quality ASX 200 stock might be deserving of a premium share price (and thus a high P/E ratio), so it’s not necessarily one to avoid.

Another consideration is that a low P/E might signal problems with the company. Perhaps its share price has taken a dive because significant structural headwinds have arisen that are unique to its business.

However, today we see a mixed bag of high-quality ASX 200 shares trading on single-digit P/Es because of a broader market downturn brought about by rising inflation and interest rates.

These macroeconomic headwinds are impacting most ASX 200 companies and the value of their shares in 2022. This makes low P/Es more relevant as potential buying signals for long-term investing.

Motley Fool Australia’s chief investment officer, Scott Phillips recently discussed low P/Es among ASX 200 retail shares, saying: “With a long-term lens, I think we’ll look back and see retail on single digit P/Es and say, ‘Man, really?’”.

Phillips used JB Hi-Fi Limited (ASX: JBH) shares, trading on a P/E ratio of 9.01, as an example and said:

I think what we’ll do is look back and when JB Hi-Fi’s profits are whatever they are in 2027, and we look back and say, ‘Man, we had an opportunity to buy that, [but] we were so worried about the short term’.

Which ASX 200 shares have single-digit P/E ratios?

For the purposes of this article, we’ll focus on ASX 200 shares representing large, established businesses that we all know well by either their names or their products, which are trading on single-digit P/Es.

These are not buying recommendations. As all investors know, thorough individual company research is required before choosing which shares to buy. We’re just highlighting a few ASX 200 shares on single-digit P/Es for you to consider.

We’ve excluded mining companies because many commodity prices are at the height of their cycle. This is distorting P/E ratios at the moment because earnings are so high — but are inevitably temporary.

For example, the biggest ASX 200 share by market cap, BHP Group Ltd (ASX: BHP), currently has a P/E ratio of 7.52. ASX coal share Whitehaven Coal Ltd (ASX: WHC) has a P/E ratio of 4.43.

Over to you for review.

First up we have a selection of ASX 200 real estate shares or real estate investment trusts (REITs).

ASX 200 blue chip Goodman Group (ASX: GMG) has a P/E ratio of 9.99.

Stockland Corporation Ltd (ASX: SGP) has a P/E of 6.07 and Vicinity Centres (ASX: VCX) has a P/E of 7.26. There’s also apartment developer Mirvac Group (ASX: MGR) with a P/E ratio of 9.22.

Among ASX 200 retail shares, we have the household name Harvey Norman Holdings Limited (ASX: HVN) with a P/E ratio of 6.3.

There’s also Super Retail Group Ltd (ASX: SUL), owner of Supercheap Auto and Rebel, with a P/E ratio of 9.89.

We pointed out JB Hi-Fi earlier. Nick Scali Limited (ASX: NCK) falls just outside the list with a P/E of 10.13.

Among ASX 200 financial shares, we have Virgin Money UK CDI (ASX: VUK) with a P/E ratio of 3.75. Just outside the list is Australia and New Zealand Banking Group Ltd (ASX: ANZ) with a P/E of 10.27.

The post Time to buy? Which ASX 200 shares are trading on single-digit P/E ratios? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Ballin’ on a budget: The best ASX shares to buy for under $5
• Here are the top 10 ASX 200 shares today
• Are BHP shares in the buy zone following the latest OZ Minerals news?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why Arafura, Nanosonics, NextDC, and OZ Minerals shares are rising today

Motley Fool contributor Bronwyn Allen has positions in Australia & New Zealand Banking Group Limited, BHP Billiton Limited, Goodman Group, Harvey Norman Holdings Ltd., Nick Scali Limited, and Super Retail Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman Holdings Ltd. and Super Retail Group Limited. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. and Super Retail Group Limited. The Motley Fool Australia has recommended JB Hi-Fi Limited. 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/5sTRWAP

It’s been a pretty ordinary few weeks for cryptocurrencies and cybersecurity.

In Australia, millions of consumers have had to deal with the theft of their private information from Medibank Private Ltd (ASX: MPL) and Optus.

Globally, the finance industry has been left bemused — and distressed — at the collapse of giant crypto exchange FTX.

While these issues are front-of-mind, the Australian Securities and Investments Commission this month warned Australians to be vigilant about crypto scams.

According to ASIC deputy chair Sarah Court, Australians lost in excess of $710 million from investment fraud in 2021, which was a shocking 135% higher than the previous year.

“The main driver of the increase was cryptocurrency investment scams, where losses increased by 270%,” she said.

“The ACCC have advised that losses to crypto scams have increased further in 2022.”

If you’re in one of these 10 situations, watch out

The corporate watchdog stated crypto scams fall into one of three broad types:

• Scams where the investor thinks they’re putting money into a genuine asset, but the app, exchange or website is fake
• Scams selling fake crypto tokens to steal your legitimate cryptocurrency (like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH)) in return and crypto trading jobs that are just facilitating money laundering
• Scams that use digital assets to make a payment

So how can you tell if something is a scam? 

ASIC has published 10 signs that likely mean you’re dealing with a criminal trying to steal money or data. 

Be very suspicious if one or more of these things happen to you:

1. You receive a golden offer or opportunity just out of the blue
2. You see a faked celebrity endorsement
3. A romantic interest you only know online starts asking for crypto
4. You’re pressured to transfer crypto from your current wallet or exchange to another site
5. You’re directed to pay for a financial service using crypto
6. The app you’re about to install isn’t available on Google Play or the Apple Store
7. You have to pay a fee to access your own money
8. You are guaranteed a certain level of returns or offered free money
9. Unfamiliar digital tokens land in your digital wallet
10. The exchange withholds investment returns for supposed “tax purposes”

Court implored those who suspect they’ve fallen for a scam to “act quickly”.

“Don’t send any more money. Block all contact from the scammer,” she said.

“Do not delay. Contact your bank or financial institution immediately to report the scam. Ask them to stop any transactions. Also, warn your family and friends so they can watch out for potential follow-up scams.”

The deputy chair reminded investors that financial loss is not the only cost when falling victim to such fraud.

“Scams cause emotional stress and can impact relationships.”

More information on crypto scams can be found on ASIC’s Moneysmart website. Crisis support is available through Lifeline on 13 11 14 and emotional support via Beyond Blue on 1300 22 46 36.

The post Top 10 signs you’ve been crypto-scammed appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why are Medibank shares lifting on Wednesday?
• Down 20% in a month, can things get any worse for the Medibank share price?
• The Bitcoin price has dumped 23% since the FTX collapse. Now what?
• Considering buying the dip in Medibank shares? Here’s the latest on the company’s data hack woes
• Medibank share price sell-off ‘excessive’: expert

Motley Fool contributor Tony Yoo has positions in Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin and Ethereum. The Motley Fool Australia has positions in and has recommended Bitcoin and Ethereum. 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/xTeAb50

The Australian share market is home to a good number of shares offering attractive dividend yields.

But which ones should you buy over others? Here are two that brokers rate as buys right now:

Elders Ltd (ASX: ELD)

The first ASX 200 dividend share that has been rated as a buy is Elders. It is a leading agribusiness company offering services to rural and regional customers across the ANZ region.

Despite delivering a strong full year result last week, the company’s shares crashed deep into the red.

The team at Goldman Sachs believe this was a mistake by investors and has reiterated its conviction buy rating with a price target of $18.40. It said:

We view the share price reaction today (-23%) as unwarranted. The fundamentals of this company remain unchanged, and strong in our view. The result was near the top of guidance, delivering 39% EBIT growth (vs. guidance of 30-40%).

While heavy rainfall poses a short term headwind, Goldman remains positive on the future and believes “ELD is very well positioned to grow through the cycle.”

It expects this to underpin fully franked dividends per share of 53 cents in FY 2023 and 57 cents in FY 2024. Based on the current Elders share price of $10.30, this will mean yields of 5.1% and 5.5%, respectively.

Westpac Banking Corp (ASX: WBC)

A second ASX 200 dividend share that could be a top option for income investors is Westpac. It is of course Australia’s oldest bank and one of the big four.

The team at Morgans recently responded to the bank’s full year results by retaining its add rating with a price target of $25.80. It commented:

We viewed Westpac Banking Corp’s FY22 performance as at or above expectations. The interest rate leverage in the Net Interest Margin (NIM) was the key positive, while the key negative (but not unexpected) was the upsized FY24 cost guidance.

After reviewing the results, the broker is now forecasting fully franked dividends of $1.53 per share in FY 2023 and $1.59 per share in FY 2024. Based on the current Westpac share price of $23.62, this will mean yields of 6.5% and 6.7%, respectively.

The post Brokers say these ASX 200 dividend shares are buys appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 3 ASX 200 shares trading ex-dividend next week  
• Which stocks are in the Vanguard Australian Shares Index ETF (VAS) right now?
• Why is the Westpac share price tumbling on Thursday?
• Goldman says these ASX 200 bank shares can deliver 12%+ returns for three years
• Why is Wilsons selling down its ASX 200 bank shares?

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 Elders Limited and Westpac Banking Corporation. 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/jwMDk1q

Let’s say you have $1,000 to invest in ASX shares. If you were to buy S&P/ASX 200 Index (ASX: XJO) biotech giant CSL Limited (ASX: CSL), your $1,000 would buy you the grand total of precisely three shares, along with around $120 in change.

That’s because CSL shares currently trade a little shy of $300 a pop — the highest individual share price of any company on the ASX.

If the thought of being the proud owner of just three shares doesn’t exactly rock your world, perhaps you’d prefer to invest in some ‘cheaper’ options. Obviously, a smaller share price doesn’t necessarily mean ‘cheap’, since a company’s overall valuation is based on market cap. But companies trading at the lower end of the individual-share-price spectrum can certainly be more accessible (and indeed appealing) for many investors.

Furthermore, there are lots of high-quality companies trading on the ASX with share prices going for under a fiver. With that in mind, we asked our Foolish contributors to pop their thrifty thinking caps on and let us know which ASX shares they reckon are the best buys under $5 right now.

Here is what the team came up with:

8 best ASX shares under five bucks (smallest to largest)

• Volpara Health Technologies Ltd (ASX: VHT), $166.36 million
• Adairs Ltd (ASX: ADH), $385.46 million
• Imdex Limited (ASX: IMD), $875.67 million
• Core Lithium Ltd (ASX: CXO), $2.57 billion
• HomeCo Daily Needs REIT (ASX: HDN), $2.64 billion
• Harvey Norman Holdings Limited (ASX: HVN), $5.12 billion
• South32 Ltd (ASX: S32), $17.94 billion
• Telstra Group Ltd (ASX: TLS), $45.52 billion

(Market capitalisations as of 18 November 2022)

Why our Foolish writers love these ASX $5 finds

Volpara Health Technologies Ltd

What it does: Volpara “makes software to save families from cancer”. Healthcare providers use Volpara’s product to better understand a patient’s cancer risk and guide recommendations on additional imaging, genetic testing and other interventions. The software can help radiologists perform their duties faster and more effectively.

By Tristan Harrison: Volpara continues to grow at an impressive pace. In the first quarter of FY23, cash receipts were up 23% to NZ$8.8 million. The healthcare company’s annual recurring revenue (ARR) also continues to rise and is now above US$19 million.

Client retention rate remains high, and Volpara is hoping to grow its average revenue per user (ARPU) by selling more software modules to customers.

The gross profit margin is currently around 90% (which is high), so any extra revenue is highly beneficial to the bottom line. Volpara has the opportunity to reinvest extra gross profit into driving more growth by spending on further product development and marketing. The company is now focused on profitable growth.

Motley Fool contributor Tristan Harrison does not own shares in Volpara Health Technologies Ltd.

Adairs Ltd

What it does: Adairs is home furniture and decor retailer. It has an established network of more than 170 stores across Australia and New Zealand as well as an established and growing online channel.

By Matthew Farley: After plunging by around 44% year to date, I believe Adairs shares are now selling at an attractive discount. And at $2.25 as of Friday’s close, the Adairs share price is also sitting substantially below its 52-week median price of $2.88 for its 52-week range, which makes it even more attractive to me right now.

One thing I like about the company is its revenue growth over the past couple of years. Adairs’ group sales have grown from $388.9 million in FY2020 to $564.5 million in FY2022. The company expects sales revenue to grow further this fiscal year to between $625 million and $665 million.

Due to the market sell-off over the past year, Motley Fool’s chief investment officer Scott Phillps recently highlighted the fact that some ASX retail shares are now trading at low valuation ratios. With a current price-to-earnings (P/E) ratio standing at just 8.7, arguably, Adairs is one of them.

Motley Fool contributor Matthew Farley does not own shares in Adairs Ltd.

Imdex Limited

What it does: Founded 42 years ago, Imdex has grown into a truly global tech company with sales in more than 100 countries. The business provides software solutions to the mining industry for optimising drilling and providing ore insights and actionable analytics.

By Mitchell Lawler: Imdex shares were perched at $2.20 apiece at the close of trade on Friday, amounting to a market capitalisation of around $875 million. The profitable tech company is a minnow relative to the broader Australian share market.

However, I believe the financial history of Imdex should speak volumes. Since the end of 2015, the company has evolved from a barely profitable biz raking in $145 million in revenue, to a profit printer with $341.8 million in revenue in FY22.

Despite its historical success, Imdex is still tinkering with new technology. Recently, Fortescue Metals Group Limited (ASX: FMG) entered a joint venture to implement the first commercial use of Imdex’s Blast Dog tech.

Motley Fool contributor Mitchell Lawler does not own shares in Imdex Limited or Fortescue Metals Group Limited.

Core Lithium Ltd

What it does: Core Lithium is the Australian lithium developer behind the Finniss Project in the Northern Territory. Management claims it to be the most capital-efficient lithium project with arguably the best logistics chain to markets of any Australian lithium project.

By James Mickleboro: Core Lithium shares closed of Friday at $1.40 apiece, which is meaningfully lower than the 52-week high of $1.88 it reached just a few days ago. This weakness has been driven by concerns that the Finniss Project could run behind schedule and fears that lithium demand is softening in China.

However, the online lithium auction results from rival Pilbara Minerals Ltd (ASX: PLS) this week appear to demonstrate that demand is as strong as ever. In light of this and the expectation that lithium prices will remain high for some time, I think this is a buying opportunity for investors. Especially given that Core Lithium shares are trading at a reasonably modest 8x FY2024 earnings based on Macquarie’s forecasts.

Motley Fool contributor James Mickleboro does not own shares in Core Lithium Ltd or Pilbara Minerals Ltd.

HomeCo Daily Needs REIT

What it does: HomeCo Daily Needs REIT is an Aussie real estate investment trust (REIT) focused on convenience-based assets. It boasts 53 properties, $4.6 billion of assets under management, and a 99% occupancy rate.

By Brooke Cooper: The HomeCo Daily Needs REIT has had a good run lately. Its funds from operations lifted 30% year on year in the 2022 financial year, while its net tangible assets rose 12%.

The trust has also announced more than $75 million worth of new development projects to be commenced this financial year.

Despite such tailwinds, the ASX 200-listed REIT’s share price has tumbled 20% year to date to now trade at $1.27. Such a fall might have presented a buying opportunity, if Goldman Sachs is to be believed. The broker has a buy rating and a $1.57 price target on the share.

Motley Fool contributor Brooke Cooper does not own shares in HomeCo Daily Needs REIT.

Harvey Norman Holdings Limited

What it does: Harvey Norman Holdings Limited is the franchisor of Harvey Norman, a leading Australia-based retailer that sells home furniture and household goods.

By Bronwyn Allen: Personally, I like investing in the permanent cultural tailwind of Australia’s property mania. We love upgrading our homes when our finances allow. We’re very house-proud and increasingly partial to luxury furnishings, interior design, and the latest electronics.

We love watching The Block and spend millions on home renos annually. These are long-term trends. A strong, short-term trend also underway is that thousands of us are relocating from the expensive capital cities to cheaper regional areas since COVID ushered in the era of permanently working from home.

And when people change homes, they buy new stuff. I believe all of this bodes well for the iconic furniture and household goods retailer, Harvey Norman.

For the hard numbers analysis, let’s look to broker Goldman Sachs. It’s positive on the company with a price target of $4.80 and very healthy forecast dividend yields of 9% in FY23 and a bit below 8% in FY24.

Motley Fool contributor Bronwyn Allen owns shares in Harvey Norman Holdings Limited.

South32 Ltd

What it does: South32 is an ASX 200-listed miner with a focus on uncovering and digging up aluminium, manganese, silver, lead, zinc, and metallurgical coal across three continents. It has a market cap of just under $20 billion.

By Bernd Struben: With its focus on metals critical to a low-carbon future, I believe the outlook for South32 is promising. And I think the price for its met coal (used for steel making) is undervalued today compared to the rocketing price of thermal coal (used to generate electricity).

Katana Asset Management’s Romano Sala Tenna says the miner “has tier-one assets in tier-two commodities”.

South32 shares do run the risk of “some downgrades in the coming months” with cooling commodity prices, he said. However, “They’ve been one of the best companies in terms of capital management.”

Down 2.5% year-to-date, the South32 share price has still outperformed the benchmark in 2022. At current prices, the stock pays a 9.4% trailing dividend yield, fully franked.

Motley Fool contributor Bernd Struben does not own shares in South 32 Ltd.

Telstra Group Ltd

What it does: Telstra is the leading provider of telecommunications, mobile and internet services in Australia

By Sebastian Bowen: Despite being a relatively large ASX 200 company, Telstra asks well under $5 per share. The telco has been going flat out with its restructuring and cost-cutting programs in recent years. After the success of its T22 plan, Telstra is now undertaking its T25 strategy and has just completed its corporate restructuring.

I believe this has the potential to rewrite the valuation Telstra commands. We’ve already seen Telstra secure some generous valuations for some of its underlying assets, such as its mobile towers. I feel there is plenty of potential for the market to place a premium valuation on some of the telco’s other assets too.

As such, I think this is a great company to hold onto going forward, with a nice dividend to keep you company as well.

Motley Fool contributor Sebastian Bowen owns shares in Telstra Group Ltd.

The post Ballin’ on a budget: The best ASX shares to buy for under $5 appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Did the Core Lithium chair really just offload $1 million of his shares?
• 3 key things I look for when buying ASX dividend shares
• Buy these ASX dividend shares now: Goldman Sachs
• IGO shares dip as investors hear of ‘a pipeline of growth opportunities’ at AGM
• Experts name 2 ASX 50 shares to buy

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ADAIRS FPO, Harvey Norman Holdings Ltd., Imdex Limited, and VOLPARA FPO NZ. The Motley Fool Australia has positions in and has recommended ADAIRS FPO, Harvey Norman Holdings Ltd., Imdex Limited, Telstra Corporation Limited, CSL Limited, and VOLPARA FPO NZ. 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.

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

For Australian income investors, the Commonwealth Bank of Australia (ASX: CBA) dividend is among the most popular options out there.

And that’s for good reason. Australia’s largest bank regularly shares a good portion of its profits with its shareholders.

First quarter update

Last week, CBA released its first quarter update and revealed a 9% increase in income over the second half average to $6.6 billion and a 2% lift in cash earnings to $2.5 billion. This was driven by higher margins and volume growth, partly offset by reduced non-interest income.

Following this update, brokers have been busy adjusting their estimates for CBA’s earnings and dividend for FY 2023 and beyond. Let’s take a look to see what one analyst is saying.

Where is the CBA dividend heading?

As a reminder, the banking giant paid its shareholders a fully franked $3.85 per share dividend in FY 2022.

According to a note out of Morgans, its analysts are expecting this to increase by 6.5% to a fully franked $4.10 per share in FY 2023. Based on the current CBA share price of $105.82, this will mean a yield of 3.9% for investors.

The broker is then expecting an even greater rise in the CBA dividend to $4.55 per share in FY 2024. This equates to a fully franked 4.3% dividend yield for that financial year.

Interestingly, Morgans is expecting the bank’s earnings and dividend to then take a small step backwards in FY 2025. This is based on its belief that “the NIM [net interest margin] uptick begins to fade and is outpaced by cost growth.”

As a result, it has pencilled in a fully franked $4.50 per share dividend for FY 2025, which represents a 4.25% yield at current prices.

Overall, income investors appear likely to continue receiving attractive dividend yields from CBA’s shares in the coming years. Though, it is worth remembering that a lot can change between now and 2025.

The post Here’s the CBA dividend forecast through to 2025 appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• What’s happening with CBA shares this week?
• I’d use the Warren Buffett method to create a ‘best ASX shares to buy now’ list
• 3 key things I look for when buying ASX dividend shares
• 5 of the craziest things making news on the ASX this week
• Which stocks are in the Vanguard Australian Shares Index ETF (VAS) right now?

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.

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

The All Ordinaries Index (ASX: XAO) made a modest gain on Friday, closing 0.21% higher at 7,354.7 points.

Most of the sector indices finished in the green today, although the S&P/ASX 200 Energy Index (ASX: XEJ) was the worst performer, closing 0.39% lower.

The top indices were the S&P/ASX 200 Telecommunication Services Index (ASX: XTJ), which gained 0.81%, and the S&P/ASX 200 Industrials Index (ASX: XNJ), closing 88% higher.

Let’s discover which ASX All Ords thrashed these mediocre results by the market on Friday.

Arafura Rare Earths Ltd (ASX: ARU)

The Arafura share price closed 13.58% higher to 46 cents apiece.

There’s no fresh news to explain why Arafura’s share price rallied strongly today.

However, its shares have been on a bull run since Wednesday, when they gained 17.14% in a single trading session. The momentum from this massive green candle may have carried over into the price action today.

Arafura’s rally this week follows the mineral explorer‘s announcement on Tuesday that it had received approval for its mining management plan to get its Nolans project off the ground in the Northern Territory.

The agreement authorises Arafura to legally operate its Nolans project with the end goal of producing rare earth elements (REE) neodymium and praseodymium (NdPr).

Audio Pixels Holdings Ltd (ASX: AKP)

The Audio Pixels share price also had a great run, surging 9.65% to close at $12.50 on Friday.

Like Arafura, Audio Pixels also had no announcements to report on today.

In fact, its most recent update came on 28 October when it posted its quarterly activities and cash flow report.

The digital speaker developer advised it used $1.23 million in operating activities for the reported period and $3.69 million over the last nine months.

Taking into account its cash balance and cash burn rate, Audio Pixels has an estimated 1.6 quarters of funding available.

One highlight of Audio Pixel’s operations is that it’s working towards making its product suitable for mass production.

BCI Minerals Ltd (ASX: BCI)

And finally, the BCI Minerals share price rocketed on Friday. It gained a hefty 10.6% to 26 cents per share.

Again, like the other shares on this list, the company had no news to report today, despite its share price surging into the green.

BCI Mineral’s most recent announcement was posted on 28 October in the form of its September 2022 quarterly report.

The company reported its Iron Valley mine contributed $3.5 million in earnings before interest, taxes, depreciation, and amortisation (EBITDA) during the reported period.

It also finished the quarter with a strong balance sheet. BCI Minerals said it has no debt on its books but has $188 million in cash.

This balance sheet, alongside $100 million in convertible notes, will mean BCI Minerals will not need to take on additional debt to fund its construction projects for its Iron Valley mine.

The post 3 ASX All Ords shares that had a cracking run on Friday appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why Arafura, Nanosonics, NextDC, and OZ Minerals shares are rising today
• Why is the Arafura Rare Earths share price rocketing 16% on Wednesday?
• Why Arafura, Nufarm, Pilbara Minerals, and Whitehaven Coal are charging higher
• What’s going on with the Arafura share price today?
• Why did the Arafura share price surge over 7% higher on Friday?

Motley Fool contributor Matthew Farley 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/qVHNBUJ

ASX 200 gold shares had a tough run on the market today.

Gold shares include Newcrest Mining Ltd (ASX: NCM), Northern Star Resources Ltd (ASX: NST) and Evolution Mining Ltd (ASX: EVN).

Let’s take a look at what may have impacted ASX 200 gold shares today.

What happened?

The Newcrest Mining share price fell 0.99% today, while Northern Star Resources shares dropped 0.6%. Meanwhile, the Evolution Mining share price was flat today. In contrast, the S&P/ASX 200 Index (ASX: XJO) climbed 0.23% today.

This follows the gold price falling overnight. Spot gold fell 0.65% to US$1,764 an ounce.

Newcrest, Northern Star and Evolution are all major gold producers.

Gold prices fell amid a stronger US dollar and treasury yields rising. Fear of interest rate rises impacted the US dollar.

Commenting on the gold price in a research note today, ANZ senior economist Adelaide Timbrell said:

Gold edge lower amid further hawkish comments from the Fed. James Bullard called for the Fed to raise rates to at least 5.00–5.25%, calling it a minimum level of ‘sufficiently restrictive’.

St Louis Federal Reserve president and CEO James Bullard, speaking at an economic event in Louisville Kentucky, indicated rates could rise by up to 7%.

Commenting further on Bullard’s remarks, ANZ’s Timbrell added:

The USD climbed following his comments, and bond yields rose. This weighed in investor demand, with spot gold declining nearly 1%.

Meanwhile, Northern Star provided an exploration update to the market this week. The company said it has spent $48 million on FY23 exploration to date. Ongoing exploration has highlighted significant “life of mine” extension potential.

Managing director Stuart Tonkin said:

Our exploration team has made a strong start to FY23, advancing some exciting early-stage prospects across our global tier-1 portfolio as well as expanding beyond known areas of mineralisation.

Newcrest announced this week that the Brucejack mine in Canada has resumed operations. The mine shut in October following a fatality at the mine. The FY23 production guidance for the mine remains unchanged.

Share price snapshot

The Newcrest Mining share price has fallen 24% in the past year, while Northern Star Resources shares have descended nearly 5% in the last 52 weeks.

Evolution Mining shares have descended nearly 42% in the last year.

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

The post Why did ASX 200 gold shares lag the index today? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Is a weak US dollar good for ASX 200 mining shares?
• 5 things to watch on the ASX 200 on Friday
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Tuesday

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.

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

The Woodside Energy Group Ltd (ASX: WDS) share price finished today slightly in the red.

Woodside shares fell 0.81% to $37.89. For perspective, the S&P/ASX 200 Index (ASX: XJO) lifted 0.23% today.

Let’s take a look at what may have weighed on the Woodside share price.

What happened?

Woodside shares may have struggled today after the oil price fell overnight.

Brent crude oil fell 3.3% to US$89.78 a barrel, while US WTI oil dropped 4.6% to US $81.64 a barrel overnight.

Oil prices fell amid interest rate hike fears in the United States and higher COVID-19 cases impacting demand in China, Reuters reported.

Commenting on the oil price BOK Financial senior vice president of trading Dennis Kissler told the publication:

It’s kind of a triple whammy. We’ve got COVID-19 cases rising in China, interest rates are continuing to rise here in the U.S. and now we’ve got technical weakness in the market.

However, oil prices have since recovered some of their losses. WTI Crude Oil is up 0.92% on the previous session to US $82.39 a barrel, while Brent Crude Oil is climbing 0.7% to US$90.41 a barrel at last look.

Meanwhile, the US government is preparing to issue guidance on a Russian oil price cap, according to another report on Reuters.

This aims to stop Russia from profiting from higher oil prices. The cap would be applied by the United States, Group of Seven allies and Australia.

Woodside produced a record total production of 51.2 MMboe in the third quarter of the 2022 calendar year.

The company achieved an average realised price of $102 per barrel of oil equivalent. Woodside is also a major gas producer. The natural gas price is currently down 0.3% to US$6.35 per MMBtu.

Woodside share price snapshot

The Woodside share price has exploded 73% in the year to date, while it has surged 72% in the past year.

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

Woodside has a market capitalisation of nearly $72 billion based on the current share price.

The post Why did the Woodside share price lag the ASX 200 today? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 5 things to watch on the ASX 200 on Friday
• Which stocks are in the Vanguard Australian Shares Index ETF (VAS) right now?
• How to have your ASX 200 dividend cake and eat it too
• 5 things to watch on the ASX 200 on Wednesday
• Up 80% in 2022, is the Woodside share price ‘nearing its peak’?

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.

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

The S&P/ASX 200 Index (ASX: XJO) ended the week in the green. The index closed Friday’s session 0.23% higher at 7,151.8 points. That marks a week-on-week fall of 0.09%.

That was despite a weak performance from the S&P/ASX 200 Energy Index (ASX: XEJ). It slumped 0.4% amid tumbling oil prices.

The Brent crude oil price fell 3.3% to US$89.78 a barrel overnight and the US Nymex crude oil price dumped 4.6% to trade at US$81.64 a barrel.

Fortunately, the energy sector’s suffering was offset by gains across the S&P/ASX 200 Industrials Index (ASX: XNJ), the S&P/ASX 200 Communications Index (ASX: XTJ), and the S&P/ASX 200 Utilities Index (ASX: XUJ). They lifted 0.9%, 0.8%, and 0.7% respectively

Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) traded flat amid news OZ Minerals Limited (ASX: OZL) will likely accept BHP Group Ltd (ASX: BHP)’s increased takeover bid.

All in all, seven of the ASX 200’s 11 sectors closed in the green. But which share outperformed all others to close the week on a high? Keep reading to find out.

Top 10 ASX 200 shares countdown

It might come as no surprise that the stock topping the lot on Friday was OZ Minerals.

It returned to trade this morning after a two-day trading halt on news BHP upped its bid for the company to $28.25.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
OZ Minerals Limited (ASX: OZL)	$27.34	3.95%
NIB Holdings Limited (ASX: NHF)	$7.12	3.19%
Seven Group Holdings Ltd (ASX: SVW)	$20.27	3.05%
Ampol Ltd (ASX: ALD)	$28.82	2.89%
De Grey Mining Limited (ASX: DEG)	$1.265	2.85%
Grancorp Ltd (ASX: GNC)	$8.05	2.81%
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)	$18.91	2.72%
United Malt Group Ltd (ASX: UMG)	$3.14	2.61%
ASX Limited (ASX: ASX)	$72.80	2.54%
Fortescue Metals Group Limited (ASX: FMG)	$19.96	2.36%

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.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Are BHP shares in the buy zone following the latest OZ Minerals news?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why Arafura, Nanosonics, NextDC, and OZ Minerals shares are rising today
• NIB share price surges ahead as profits soar 31%
• Considering CSL shares? Broker says this other ASX 200 healthcare share has 30% upside

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 recommended NIB Holdings Limited. 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/OGDKgwi

Investors are being treated to a tonne of stock ideas from some of the biggest names in funds management today. One of those ideas is an ASX 200 share that has dragged 13% lower this year despite accelerating its earnings.

Auscap Asset Management’s portfolio manager, Tim Carleton, named his pick from the field today at the Sohn Hearts and Minds 2022 conference in Hobart.

Unlike some of the other guest speakers, Carleton looked locally for his prized pitch for outperformance. The astute fund manager drew the crowd’s attention to a highly profitable ASX-listed company that could be set to put the pedal to the metal on future growth.

Which ASX 200 share is this expert’s top pick?

Before I ‘exhaust’ the automotive puns — the Auscap fundie revealed Carsales.com Ltd (ASX: CAR) as his number one selection. Rather than being deterred by the underperformance compared to the S&P/ASX 200 Index (ASX: XJO) year-to-date, Carleton was emboldened by it.

Speaking to the value opportunity present in Carsales, the Auscap manager said:

We’ve seen a lower share price as a result of broad market movements. These are the sorts of opportunities that we love and it offers a compound earnings growth story with an attractive valuation.

Carleton admitted it might seem odd to describe the automotive online marketplace as a value play. After all, the current price-to-earnings (P/E) ratio hovers around 47 times.

This might seem almost extortionist compared to a peer average P/E of approximately 35 times earnings. Yet, the experienced fund manager explained that the company’s broad geographic exposure to areas outside of Australia represented a “massive opportunity”.

Not cruising alone on this one

It seems Carleton is in good company with his attraction to this ASX 200 share. Both Wilsons and Alphinity — two prominent Australian fund managers — have sung the praises of Carsales recently.

Furthermore, the Auscap portfolio manager pointed out Carsales’ history of growing earnings per share (EPS). Looking at how the company’s EPS has performed since 2019 (below), it’s hard to argue with the statement.

Further fuelling the bull case, Carsales is one company that hasn’t reduced its dividends since making its first payment. Since 2010, the company’s dividends have grown at a compound annual growth rate (CAGR) of 10.6%.

This ASX 200 share currently trades at $21.66 apiece — gaining 13.2% in the last month.

The post The ASX 200 share that offers a ‘massive opportunity’ right now: expert appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• This falling ASX 200 share could catch an inflationary tailwind: fundie
• Planes, rains and automobiles: Fund names 3 ASX shares to back right now
• 3 ASX 200 dividend shares you may have overlooked: Wilsons
• 22 high-yield ASX dividend shares Wilsons is targeting
• 3 ASX shares that are the top buys right now: expert

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 recommended carsales.com Limited. 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/sRhUDBt