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The share price of S&P/ASX 200 Index (ASX: XJO) lithium favourite Allkem Ltd (ASX: AKE) has struggled over the last week.

The stock lifted just 0.5% in Monday’s lithium rally before plunging 12% amid Tuesday’s suffering.

All in all, the Allkem share price is 6.8% lower than it was this time last week, trading at $14.76. And while it’s been suffering, Allkem chair Peter Coleman has been on a buying spree.

Let’s take a closer look at the recent insider buying going down at the ASX 200 lithium share.

ASX 200 chair buys into their company’s shares

Coleman has been buying up shares in the $9 billion ASX 200 lithium giant over the last week.

He indirectly snapped up 15,971 Allkem shares between 10 November and 15 November in on-market trades.

That period saw the stock trading at a high of $16.75 and a low of $13.96.

With that in mind, Coleman arguably got a good price for his trades. He paid an average of $15.71 per share for a total of $250,915.

Interestingly, the director previously had no interest in the ASX 200 lithium share. Also interestingly, Coleman has only held the position of Allkem chair for a matter of days.

He took on the role on Tuesday as former chair Martin Rowley stepped down after Allkem’s annual general meeting (AGM).

Coleman was appointed as a company director in October. He was previously CEO of Woodside Energy Group Ltd (ASX: WDS) for a decade, handing the reins to Meg O’Neill in 2021.

Speaking on Coleman’s appointment, Rowley said:

Peter is an outstanding successor to the Allkem chair, having demonstrated throughout his career the attributes necessary to guide Allkem through its next growth phase. He is ideally suited to lead the company’s successful delivery of its strategy to triple production by 2026 and maintain at least 10% of global market share in the medium term.

The post Guess which ASX 200 lithium director just snapped up $250,000 worth of their company’s shares appeared first on The Motley Fool Australia.

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More reading

• Buy these ASX 200 shares now before the market wakes up: fund manager
• 5 things to watch on the ASX 200 on Thursday
• 3 ASX mining shares on ice today pending big news
• Here are the top 10 ASX 200 shares today
• Why are Medibank shares lifting on Wednesday?

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 Webjet Limited (ASX: WEB) share price is jumping on Thursday morning.

At the time of writing, the online travel agent’s shares are up 10% to $6.24.

This follows the release of the online travel agent’s half year results.

Webjet share price jumps on strong half year results

• Bookings up 137% to 3.4 billion
• Total transaction value (TTV) up 223% to $2,143 million
• Revenue up 217% to $175.7 million
• Underlying EBITDA up 557% to $72.5 million
• Underlying net profit after tax of $32 million, up from a loss of $29.2 million
• Cash balance of $504 million
• No interim dividend

What happened during the half?

For the six months ended 30 September, Webjet reported a 223% increase in TTV to $2,143 million and a 217% jump in revenue to $175.7 million.

A key driver of this growth was the WebBeds business, which reported a 227% increase in TTV to $1,423 million and a 251% lift in revenue to $114.4 million. This leaves the business trading ahead of pre-COVID levels on a constant currency basis.

The Webjet OTA business also performed positively. It reported a 234% increase in TTV to $614 million and a 185% jump in revenue to $51.8 million. Despite this strong growth, this side of the business is still trading well short of pre-COVID levels.

In respect to earnings, Webjet reported a 557% increase in first half underlying EBITDA and a net profit after tax of $32 million. The latter compares to a loss of $29 million a year earlier.

And while the company was left with a cash balance of $504 million, it has decided against declaring an interim dividend for FY 2023.

‘Spectacular turnaround’

Webjet’s Managing Director John Guscic appeared delighted with company’s “spectacular turnaround.” He commented:

This result demonstrates a spectacular turnaround of $88.4 million in underlying EBITDA from the 1H22 loss of $15.9 million. It underpins the efforts we took as soon as the pandemic hit to ensure each business was optimally positioned to recapture demand once travel returned. Recovery is substantially accelerating and WebBeds is leading the charge.

All WebBeds regions saw significant organic growth, particularly Europe which benefited from a strong northern hemisphere summer, and North America which is now more than three times larger than it was when the pandemic began.

Search activity and conversions through the WebBeds platform continue to increase, and EBITDA margins are now higher than they were pre-pandemic. Despite a number of large markets yet to open, since May WebBeds bookings have exceeded what they were before the pandemic hit and profitability is getting close to pre-pandemic levels.

Outlook

Management remains confident that Webjet will build on this strong half during the second part of the financial year.

The company revealed that it is on track to exceed pre-pandemic profitability in FY 2023, with second half EBITDA expected to exceed pre-pandemic levels by at least $10 million.

Second half profitability for the B2C businesses (Webjet OTA and GoSee) is expected to be consistent with first half results, reflecting the macroeconomic environment.

Guscic added:

The landscape has changed and there is massive global opportunity for WebBeds. WebBeds is no longer European summer centric – it is now a truly global business, picking up share in all regions, operating a single technology platform, and with the capability to scale rapidly. We believe these qualities overcome the current macroeconomic pressures. 3Q23 Bookings and TTV are currently tracking more than 30% ahead of pre-pandemic levels and FY23 EBITDA is expected to be higher than it was pre-pandemic.

The post Webjet share price jumps 10% on ‘spectacular turnaround’ appeared first on The Motley Fool Australia.

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More reading

• Goldman Sachs says these ASX travel shares are buys
• WAM visited 150 companies in October. Here are 5 ASX shares they are super positive on right now
• Could now be a good time to buy Webjet shares?
• Why is the Qantas share price so volatile today?
• Webjet share price higher on bullish Goldman Sachs note

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 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.

Electric vehicle company Tesla (NASDAQ: TSLA) is known for delivering high-flying returns to investors over the past few years, as it has grown to become the largest player in the industry. But the stock has lost its shine in 2022, shedding 52% of its value year to date.

Some of that decline has strangely occurred in the past month. Despite the Nasdaq-100 technology index rising 6.25% over the past 30 days, Tesla stock has dropped roughly 14% during this period. Investors appear concerned about CEO Elon Musk’s focus after his recent $44 billion acquisition of social media giant Twitter, which appears to be occupying much of his attention. 

But it shouldn’t change Tesla’s long-term trajectory, and many analysts on Wall Street remain incredibly bullish on the company. For example, an analyst for Ark Investment Management — run by famous investor Cathie Wood — thinks Tesla stock could soar nearly 930% by 2026. But could these impressive projections be right? Let’s take a closer look.

Elon Musk is a master multitasker

The Tesla boss has a well-documented history of spreading himself thin, but for the most part, things have worked out exceptionally well. His time is split between the electric vehicle giant; his private rocket-building enterprise, SpaceX; his brain-interfacing project, Neuralink; and the newly acquired Twitter. While it may take some time for him to smooth out the kinks over at Twitter, history suggests the impact on Tesla will be negligible at most.

For example, 10 years ago, Tesla had an annual production rate of about 20,000 electric vehicles. But it has rapidly expanded since then, with two new Gigafactories in Austin and Berlin coming online during 2022. Its capacity has now ballooned to 2 million cars per year. So, despite distractions from Musk’s various other enterprises, the company’s progress hasn’t slowed down.

Tesla has even expanded into other verticals, like software, with a particular focus on its full self-driving (autonomous) technology. This will be a lucrative opportunity not only for customer vehicles, but also the company’s upcoming robotaxi, which is slated for release in 2024. The robotaxi is likely to be fully autonomous and might not even feature a steering wheel or pedals. By some estimates, this segment of the car market could be worth upward of $2.1 trillion by 2030.

In fact, the robotaxi business is key to Ark Investment Management’s lofty prediction for Tesla stock. The firm believes the segment will make up as much as 62% of the enterprise value of Tesla by 2026, and if that’s going to be the case, its growth will have to be rapid from the moment it launches.

Tesla is more than an electric vehicle company

Despite its clear focus on the car industry, Tesla is quietly expanding into other areas. The company offers green energy solutions like solar power and battery storage for residential and commercial purposes, and its most recent quarter (ended Sept. 30) was one of its strongest ever in that department. 

Storage deployments jumped by a whopping 62% year over year to 2.1 gigawatt-hours, which was the highest result ever. Remarkably, it came in the face of continued production struggles as Tesla hasn’t been able to access an adequate supply of semiconductors. As a result, demand is outstripping supply and the company is in the process of ramping up production at its dedicated Megapack factory in California.

But it gets better. At Tesla’s recent artificial intelligence (AI) day, it revealed a new humanoid robot called Optimus. It’s far from production-ready, but it could end up being a critical part of low-skill workforces in industries such as manufacturing. Robots don’t need to eat, sleep, or take vacations, so the opportunity for around-the-clock production of goods could eventually be a reality.

Tesla thinks Optimus will be deployed into the market in 2027, and prices could start at $20,000. The company intends to produce millions of units following the launch, so the financial contribution from this business segment could be astronomical — and it’s not even factored into Ark’s thesis yet. 

What Tesla stock needs for a gain of 900% or more by 2026

Tesla has produced 1.2 million cars over the past four quarters, bringing in $74.8 billion in total revenue. That offers some context for Ark’s projections below.

In order for Tesla stock to soar more than 900% by 2026, Ark says the company will have to be selling 17 million cars annually with about $1 trillion in revenue. (Note: The initial report by Ark does not account for Tesla’s stock split since it predates its occurrence. As such, the possible “900%-plus-gain” has been adjusted to reflect the split alongside Ark’s initial price projection). The company has four full years to make that happen (until the end of 2026), but even so, that projection might be somewhat ambitious.

Elon Musk himself has hinted that Tesla’s annual production capacity could hit 20 million vehicles — but not until 2030. It will require another 10 or 12 Gigafactories, and since none of them have been formally announced yet, it’s unlikely the company will be so far ahead of schedule that 2026 becomes a likely possibility.

What might be possible for Tesla stock, then? Well, Ark also has a “bear scenario” at the lower end of its forecast. That would involve the EV maker selling 10 million vehicles by 2026, generating about $490 billion in revenue. In other words, it would mark a halfway point to Elon Musk’s 2030 projection, and the timing does make sense.

If that scenario comes to fruition, Ark thinks Tesla could rise to $966 per share, representing more than 400% upside. That’s still a significant gain from here, and it’s a far more likely scenario than the ultra-bullish case. 

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

The post Why Tesla stock could have 930% upside: expert appeared first on The Motley Fool Australia.

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More reading

• 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
• Why Tesla stock is tumbling today

Anthony Di Pizio 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 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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There are some great ASX dividend shares that can be sources of passive income for investors to help fund people’s retirement.

One of the best things about income stocks in Australia is the benefit of franking credits, which has the effect of boosting the after-tax yield for investors. Franking credits are a refundable tax offset from companies that pay income tax in the Australian taxation system.

I have written about plenty of ASX dividend shares that I’d like to own in a retirement portfolio. On top of those names, I think the three below could be attractive ideas for a long time to come.

Telstra Group Ltd (ASX: TLS)

Telstra has managed to build a reputation for being a good dividend payer. The shift to the NBN caused a cut in dividends. Before that, the business was paying out nearly all of its profit as a dividend, with not much investment for earnings growth.

But, things are now looking much better. In its recent FY22 result, Telstra grew its final dividend by 6.25% to 8.5 cents per share. A return to dividend growth is attractive.

The ASX dividend share’s earnings base is now resilient – the shift to the NBN is over, and it’s expecting earnings growth thanks to rising revenue per user, cutting costs, and diversification of earnings.

Telstra’s earnings per share (EPS) could grow by double-digits in the next few years, which would be helpful for maintaining and growing the passive income further.

CommSec numbers suggest that by FY24, the telco could be paying an annual dividend per share of 18 cents, which equates to a grossed-up dividend yield of 6.7%.

Pacific Current Group Ltd (ASX: PAC)

Pacific Current has investment stakes in 16 asset managers around the world. The ASX dividend share helps them grow with strategic resources such as “capital, institutional distribution capabilities, and operational expertise”.

It shares in the success of its managers – growth of funds under management (FUM) and management fees can help increase Pacific Current’s earnings. In FY22 the business saw the underlying FUM grow by 19% to $169 billion.

Despite the asset market volatility, this ASX dividend share grew its annual dividend by 6% to 38 cents per share. That translates into a current grossed-up dividend yield of 6.7%. It has grown its dividend each year since 2017.

In the first three months of FY23, aggregate FUM grew 1.1% in Australian dollar terms. The business is expecting “strong growth” in FY23 and beyond as it recognises a full year of earnings from managers GQG Partners Inc (ASX: GQG) and Banner Oak, as well as other factors. This could boost passive income to shareholders.

CommSec numbers suggest that by FY24, it could be paying a grossed-up dividend yield of 8%.

Wesfarmers Ltd (ASX: WES)

Wesfarmers is one of the leading ASX blue chip shares, in my opinion. It has a diverse and growing portfolio of businesses including Bunnings, Kmart, Officeworks, chemicals, energy and fertilisers (WesCEF), and more.

I like that the business can, and does, make acquisitions to diversify its earnings profile. It recently bought the Priceline business, which started a new healthcare division of Wesfarmers.

The business is also working on a new lithium project at Mt Holland. This could unlock an impressive earnings stream thanks to the high lithium prices we’re currently seeing.

Wesfarmers usually pays out a healthy passive income each year, which is growing over time.

According to CommSec, it could pay an annual dividend of $1.94 per share in FY24. This would translate into a grossed-up dividend yield of 6%.

The post 3 passive ASX income machines to help fund your retirement appeared first on The Motley Fool Australia.

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More reading

• Here’s the Wesfarmers dividend forecast through to 2025
• Here are the 3 most traded ASX 200 shares on Tuesday
• Thinking about buying your first ASX shares right now? Here are 3 stocks I’d invest in
• How I’d aim to generate a growing passive income from dividend shares
• Building a passive income for retirement? Check out these 3 ASX 200 dividend shares

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited and Wesfarmers 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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Lake Resources N.L. (ASX: LKE) is one of the S&P/ASX 200 Index (ASX: XJO)’s newest lithium shares, having joined the iconic index in June.

The company operates its flagship Kachi Project, located in Argentina’s lithium triangle. Interestingly, no mining is ever expected to be done at Kachi.

Instead, the company is working to extract lithium from brine at the project using direct extraction technology from its partner Lilac Solutions.

But is Lake Resources selling any lithium yet? And if not, when will it begin? Let’s take a look.

Right now, shares in Lake Resources are trading for $1.07.

Is ASX 200 share Lake Resources selling lithium?

Unfortunately for investors seeking out producing ASX 200 lithium shares, Lake Resources doesn’t quite fit the bill. However, hope is on the horizon.

Kachi’s lithium processing demonstration plant began processing brine earlier this month. More excitingly, it’s already delivered product at spec and is achieving 80% lithium recoveries.

Lithium chloride from the demonstration plant is expected to be converted to lithium carbonate and qualified by a tier one battery maker in the near future. Previous pilot plant activities have produced lithium with 99.97% purity.

The next step will see the demonstration plant move into a steady state before being validated by a third party. That will allow for the completion of its definitive feasibility study.

The project is targeting 50,000 tonnes of production per annum in the future.

That’s already been snapped up under conditional agreements with WMC Energy and SK On, covering respective terms of 10 years and five years.   

Lake Resources is set to make a final investment decision on the project next year. Of course, that means the maiden sale of Kachi lithium is probably still some time away.

There is one factor, however, that might ease the market’s minds. The ASX 200 lithium share holds no debt. That’s despite it burning through cash without any notable income.

Lake Resources had $158.9 million of cash at the end of September. It recorded a $9 million outflow from operating activities for the September quarter.

Additionally, the Kachi Project’s pre-feasibility study found it could be a high margin project, with an earnings before interest, tax, depreciation, and amortisation (EBITDA) margin of 62% and operating costs of US$4,178 per tonne.

The post Is ASX 200 share Lake Resources selling any lithium yet? appeared first on The Motley Fool Australia.

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More reading

• Can ASX lithium shares really keep dining out at these price levels?
• Here are the top 10 ASX 200 shares today
• Why is the Lake Resources share price leaping 5% today?
• Why is the Core Lithium share price having such a top run on Friday?
• Why Block, Lake Resources, Pendal, and Xero shares are dropping 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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It’s almost the end of 2022. This could be a good time to go looking at ASX mining shares before 2023 starts.

There are a number of different businesses on the ASX, varying by size and commodity.

Due to the nature of changing commodity prices, and longer-term supply and demand factors, it may make more sense to look at some businesses more than others.

Before deciding which ASX mining shares to pick for this article, I was thinking I may include copper miner Sandfire Resources Ltd (ASX: SFR) because of the fall of the copper price over the year. But, since this article, it has gone on a big run over the last couple of weeks, soaring 34%. So, that idea was out.

I’m also a fan of what ASX lithium share Pilbara Minerals Ltd (ASX: PLS) is doing with its investing to be involved with more of the lithium supply chain, but it has also gone on a very strong run.

Indeed, a number of resource businesses have climbed during November to date. So, it’s not the most opportunistic time to be investing in ASX mining shares. But, with that in mind, these are the ones I’d choose.

BHP Group Ltd (ASX: BHP)

I’m not going for BHP because of its huge market capitalisation. Rather, I think its portfolio is positioned to do well in 2023 and beyond.

At the moment, BHP’s portfolio includes iron, coal, copper and nickel. There has been positive news regarding China recently that it’s going to provide support for its real estate sector, as well as an easing of COVID restrictions. This could be a boost for the Chinese economy, and could have a useful impact on the iron ore price next year.

More economic activity in China may also be useful for copper and nickel.

Coal is producing a lot of profit and cash flow for BHP, which can continue to offset lower earnings from other commodities in the shorter term.

Finally, I think ongoing progress of BHP’s potash (a greener fertiliser) project in Canada will help provide support for the ASX mining share as investors get closer to seeing further diversification of earnings.

South32 Ltd (ASX: S32)

South32 is another business with a diversified portfolio of commodities. It’s involved with bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal, and manganese.

I think South32 is diversified enough that it only needs some of its commodities to do well to generate pleasing cash flow and pay good dividends. I think it’s good that the ASX mining share isn’t reliant on iron ore like some other major miners.

According to the broker Morgan Stanley, South32 is expected to pay a grossed-up dividend yield of 8.3% in FY23.

Lynas Rare Earths Ltd (ASX: LYC)

Lynas is one of the largest rare earth miners outside of China. For that reason, it’s seen as strategically important to the United States. That’s why the US government is helping Lynas fund rare earth separation facilities.

It’s also constructing a new Kalgoorlie rare earths processing facility.

Plus, the business has announced an increase to its Mt Weld capacity, with targeted production now being 12,000 tonnes per annum of finished NdPr (Neodymium and Praseodymium).

I think the ASX mining share is doing the right things to achieve long-term shareholder returns. It looks much better value after the Lynas share price dropped 20% this year to date.

The post Which are the best ASX mining shares to buy now for 2023? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• 3 ASX mining shares on ice today pending big news
• Here are the top 10 ASX 200 shares today
• Dig this! Look how many of the top-performing ASX 200 shares today are miners
• Looking to buy BHP shares? Here’s why the miner could be in for a $2b windfall

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

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The S&P/ASX 200 Index (ASX: XJO) share Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) is about to go ex-dividend.

For investors interested in the Soul Pattinson dividend, time is nearly up for the latest offering.

The payment date is what shareholders may want to know about the most. But, the ex-dividend date is the date when investors buying shares will no longer be entitled to the upcoming dividend – there has to be a cut-off date somewhere.

This ASX 200 share has a different reporting cycle than most other businesses, which is why the final dividend for FY22 is being paid later than other businesses.

Soul Pattinson dividend details

Soul Patts shares have an ex-dividend date of 18 November 2022, so today is the last day for investors to buy shares and get access to that dividend.

The dividend payment date is 12 December 2022, so investors will need to wait another month for the cash to hit their bank accounts.

How big is the dividend going to be? In the FY22 result, Soul Pattinson announced that it was increasing its total annual ordinary dividend by 16.1% to 72 cents per share. The final ordinary dividend is 43 cents per share and the company is also paying a 15 cents per share special dividend.

Why is Soul Pattinson paying a special dividend?

The ASX 200 dividend share had a strong year in FY22. Group regular profit after tax increased by 154.4% to $834.6 million. While net cash flow from investments increased 93% to $347.9 million. The pre-tax net asset value (NAV) jumped 71.6% to $9.96 billion.

In per-share terms, net cash flow from investments grew 28% and pre-tax NAV increased by 13.8%.

The business is currently benefitting from higher coal prices thanks to its shareholding in New Hope Corporation Limited (ASX: NHC). New Hope is paying much bigger to shareholders at the moment.

What’s the outlook for this ASX 200 dividend share?

In terms of the dividend, Soul Pattinson chair Robert Millner said:

WHSP has an excellent track record of growing dividends year after year. Over the last 20 years, the dividend has increased every year and grown at a compound average growth rate of 8.5%.

There is no other company in the All Ordinaries Index (ASX: XAO) with this track record of growing dividends.

Comments by CEO Todd Barlow aimed to reassure investors that the company can get through this period and also find opportunities:

The market remains volatile and we expect to see valuations across a range of asset classes become more reasonable. We continue to see strong opportunities to deploy capital, particularly across private equity and structured credit, as public equity markets become less accessible.

We believe the portfolio is well-positioned for rising interest rates, inflation and any potential downturn in the business cycle. Our portfolio focuses on investing in, and supporting, businesses with good prospects over the long term. We focus on well-managed, low-cost, cash-generating businesses which we expect to be resilient through the cycle.

We have ample cash and liquidity to take advantage of new opportunities as we further diversify the portfolio and adjust for changing market conditions.

Soul Pattinson share price snapshot

Over the last month, the ASX 200 dividend share has seen a 4.76% rise in its shares.

The post This ASX 200 dividend icon is trading ex-div tomorrow. Here’s what you need to know appeared first on The Motley Fool Australia.

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More reading

• How I’d invest in ASX dividend shares now to make a $50k passive income in retirement
• How I’d aim to generate a growing passive income from dividend shares
• 4 ASX 200 shares trading ex-dividend next week
• Out of all the ASX shares I own, this is my favourite. Here’s why
• Here’s how I allocate my ASX share portfolio and why

Motley Fool contributor Tristan Harrison has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company 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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If you’re looking for dividend shares to add to your income portfolio, then it could be worth checking out the two listed below.

These ASX 200 dividend shares have been rated as buys by analysts. Here’s what they are saying about them:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX 200 dividend share that could be a buy is Charter Hall Social Infrastructure REIT.

This growing real estate investment trust invests in social infrastructure properties such as bus depots, police and justice services facilities, and childcare centres.

Analysts at Goldman Sachs are very positive on the company’s outlook. So much so, the broker has a conviction buy rating and $4.13 price target on its shares.

It likes that the company is “executing on its strategy to broaden its investments in social infrastructure” and believes it is well-placed for growth despite the challenging macroeconomic backdrop.

In light of this, Goldman is expecting the company’s dividends to grow in the coming years. It has forecast dividends of 17.2 cents per share in in FY 2023 and then 18 cents per share in FY 2024. Based on the current Charter Hall Social Infrastructure REIT unit price of $3.35, this will mean yields of 5.1% and 5.4%, respectively.

Deterra Royalties Ltd (ASX: DRR)

Another ASX 200 dividend share to look at is Deterra Royalties.

It is the operator of a royalty business covering a portfolio of assets across a range of commodities, primarily focused on bulks, base and battery metals. This includes the Mining Area C iron ore operation which is co-owned with mining giant BHP Group Ltd (ASX: BHP).

Citi is very positive on Deterra Royalties and has a buy rating and $4.70 price target on its shares.

As for dividends, it is expecting fully franked dividends per share of 25.9 cents in FY 2023 and 28 cents in FY 2024. Based on the current Deterra Royalties share price of $4.45, this will mean yields of 5.8% and 6.3%, respectively.

The post Income investor? Analysts say these are the ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

• Analysts say these ASX dividend shares are buys this week
• Brokers name 2 ASX 200 dividend shares to buy
• Goldman Sachs says these are the ASX dividend shares to buy
• Analysts name 2 ASX 200 dividend shares to buy this month

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 Pilbara Minerals Ltd (ASX: PLS) share price will be on watch today.

This follows the release of the lithium miner’s latest digital auction results.

Pilbara Minerals share price on watch amid strong lithium prices

The Pilbara Minerals share price has fallen heavily this week, along with fellow lithium miners, amid concerns that demand in China could be softening.

However, this doesn’t appear to be the case based on the results of the company’s latest spodumene concentrate auction, held via its digital Battery Material Exchange (BMX) platform on Wednesday afternoon.

According to the release, a cargo of 5,000dmt spodumene concentrate at a target grade of ~5.5% lithia was presented for sale on the digital platform, with delivery expected from the middle of December.

Pilbara Minerals revealed that it intends to accept the highest bid of US$7,805/dmt (SC5.5, FOB Port Hedland basis), which on a pro rata basis for lithia content and inclusive of freight costs equates to a price of ~US$8,575/dmt (SC6.0, CIF China basis).

This is an increase on the price it received at the last auction in October of US$7,255/dmt, which was the equivalent of ~US$8,000/dmt on an SC6.0 CIF China basis.

As always, the auction terms now require the successful bidder to enter a sales contract within 24 hours. The buyer also needs to pay a 10% deposit by early next week and provide an irrevocable letter of credit from a recognised bank by late November.

Will this boost lithium shares?

While this update appears to demonstrate that demand for lithium remains as strong as ever, it is worth noting that lithium shares such as SQM and Albemarle tumbled on Wall Street despite this news.

This will make for an interesting session for ASX lithium shares today.

The post Pilbara Minerals share price on watch amid booming lithium auction price appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• Here are the 3 most traded ASX 200 shares on Wednesday
• Dig this! Look how many of the top-performing ASX 200 shares today are miners
• Why Arafura, Nufarm, Pilbara Minerals, and Whitehaven Coal are charging higher
• Can ASX lithium shares really keep dining out at these price levels?

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 Santa rally seems to be on in earnest and the S&P/ASX 200 Index (ASX: XJO) is cooperating accordingly, rising 6.75% over the past month.

If you want to catch the updraft, it helps to buy ASX shares that other investors haven’t quite cottoned on to yet.

Helpfully, Alphinity Investment Management portfolio manager Stuart Welch this week revealed two stocks that his fund has just bought and explained why they have a bright future:

‘Very strong demand’ while supply is constrained

Welch’s team’s investment philosophy is to find companies that are in the midst of an earnings upgrade cycle.

“Interestingly you can find these stocks across different company types — be they cyclical, defensives, growth or value,” he told an Alphinity webinar.

In the cyclical basket, one stock his team has bought is airline Qantas Airways Limited (ASX: QAN).

“Despite a more difficult outlook for the consumer, I do think there is a COVID recovery story at play here, which after a few fits and spurts is actually underway.”

The recovery really kick-started back in April when massive domestic travel demand saw queues snaking out of airport terminals.

“It was led by visiting friends and family, but it has expanded into leisure, business travel and even more recently into the international side.”

The airline, according to Welch, is currently enjoying an enviable supply and demand equation.

“We’re seeing very strong demand in an environment where capacity is constrained,” he said.

“Capacity has been cut back domestically to help improve on-time performance and internationally there’s just not enough planes coming in and out of the country.”

The Qantas share price is up 12.4% year to date.

Pricing power in times of high inflation

On the defensive side of the fund, Welch’s team has bought into supply-chain services and warehousing container provider Brambles Limited (ASX: BXB).

“There is a global shortage of pallets at the moment,” said Welch.

“Part of that is an inventory story but also through other constraints.”

This imbalance between supply and demand is resulting in a pallet market where Brambles can really flex its price-setting muscles.

“They just got a trading update where their revenues, off the back of the strength of that pricing, are well ahead of expectations,” Welch said.

“And that strong pricing environment is likely to continue throughout the rest of the year.”

Welch admitted historically one of the worries about Brambles has always been the cash flow. 

“But in an environment where that strong pricing is coming through, and we’re seeing things like transport costs and lumber costs rollover, that should improve your earnings outlook but also decrease your capex,” he said.

“We’re initially seeing that in the US, but now we’re seeing it in Europe as well. The outlook there is quite positive.”

In a year when many non-mining ASX shares have fallen in price, Brambles has actually gained more than 5.1%.

The stock also pays out a dividend yield of 2.86%.

The post Buy these ASX 200 shares now before the market wakes up: fund manager appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• 3 ASX mining shares on ice today pending big news
• Here are the top 10 ASX 200 shares today
• Why are Medibank shares lifting on Wednesday?
• Here are the 3 most traded ASX 200 shares on Wednesday

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.

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