Tag: Stock pick

The S&P/ASX 200 Index (ASX: XJO) is back on form on Tuesday and pushing higher. At the time of writing, the benchmark index is up 0.9% to 8,582.8 points.

Four ASX shares that are rising more than most today are listed below. Here’s why they are storming higher:

Elders Ltd (ASX: ELD)

The Elders share price is up 1.5% to $5.63. Investors have been buying the agribusiness company’s shares today following a 23% decline on Monday. Bell Potter would likely be supportive of this buying. This morning, the broker retained its buy rating with a reduced price target of $6.45 (from $9.00). It said: “1H26 was a consensus miss on higher SYSMOD linked costs and to a degree reflects dual running costs that should reduce into FY27e. However, this was poorly communicated and largely mitigated the benefit of operating leverage. Delivering on the promise of Delta, backward integration and SYSMOD, while unwinding duplicate cost structures are central to EPS growth, but this needs to be done in a potentially more difficult 2HCY26 seasonal backdrop with a CEO transition.”

New Hope Corporation Ltd (ASX: NHC)

The New Hope share price is up over 3% to $5.50. This may have been driven by a broker note out of Macquarie this morning. In response to the coal miner’s quarterly update, the broker has put an outperform rating and $7.00 price target on its shares. This implies potential upside of 27% for investors over the next 12 months.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is up a further 3.5% to $131.13. Investors have been buying the health imaging technology company’s shares this week after it announced a seven-year, A$90 million contract with Boston-based Beth Israel Lahey Health. This will see the company’s cloud-based Visage 7 Enterprise Imaging Platform implemented throughout Beth Israel Lahey Health providing a unified diagnostic imaging platform. Pro Medicus’ CEO, Dr Sam Hupert, said: “Our pipeline remains strong and spans all market segments. This deal is for our ‘full stack’ comprising all three core Visage products, namely viewer, workflow and archive, a trend we see continuing.”

Tuas Ltd (ASX: TUA)

The Tuas share price is up 25% to $2.84. Bargain hunters have been snapping up this Singapore-based telco company’s shares following a massive decline on Monday. Investors have been selling its shares after it revealed that its Simba business has allegedly been using spectrum that it doesn’t own. In light of this, the Infocomm Media Development Authority of Singapore (IMDA) has suspended its review of Tuas’ proposed acquisition of M1 Limited for S$1.43 billion. The company said: “The circumstance identified by the IMDA as giving rise to its decision to suspend the review is that it had learned that Simba may have been using radio frequency bands that it was not authorised to use, which would be a breach of the Telecommunications Act and the conditions of Simba’s Facilities-Based Operations Licence.”

The post Why Elders, New Hope, Pro Medicus, and Tuas shares are storming higher today appeared first on The Motley Fool Australia.

More reading

• Buy, hold, sell: Cleanaway, Codan, and Tuas shares
• Should you buy this ASX 200 share after it crashed 23%?
• 5 things to watch on the ASX 200 on Tuesday
• 3 ASX mid-cap stocks that could be tomorrow’s big winners
• Why is the ASX 200 starting at a 7-week low today?

Motley Fool contributor James Mickleboro has positions in Pro Medicus. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended Elders and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

S&P/ASX 200 Index (ASX: XJO) shares rose 1.16% to an intraday high of 8,604.2 points on Tuesday.

The bump came on renewed hopes of a US-Iran deal to end the war and reopen the Strait of Hormuz.

This morning, US President Donald Trump said he had called off a planned military strike on Iran for tomorrow.

The President said he did so after assurances from Persian Gulf leaders that an acceptable deal was not far off.

On Truth Social, President Trump said:

I have been asked by the Emir of Qatar, Tamim bin Hamad Al Thani, the Crown Prince of Saudi Arabia, Mohammed bin Salman Al Saud, and the President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, to hold off on our planned Military attack of the Islamic Republic of Iran, which was scheduled for tomorrow, in that serious negotiations are now taking place, and that, in their opinion, as Great Leaders and Allies, a Deal will be made, which will be very acceptable to the United States of America, as well as all Countries in the Middle East, and beyond.

However, Trump also warned that he had instructed the military to remain prepared for “a full, large scale assault of Iran, on a moment’s notice, in the event that an acceptable Deal is not reached”.

The world has been trapped in a prolonged oil shock since the war began on 28 February.

The Strait of Hormuz, a key shipping channel for Middle East energy exports, remains effectively shut down.

About 20% of the world’s oil and gas supply is shipped through the Strait of Hormuz.

Iran is now allowing ships from China through the strait, while hundreds of other tankers sit and wait.

The oil shock has caused energy prices to surge, contributing to resurgent inflation in many nations, including Australia.

On Tuesday, the Brent Crude oil price is US$109.20 per barrel, down 2.4%, reflecting hopes of a peace deal soon.

WTI Crude is US$102.30 per barrel, down 2%.

Australia was already facing an uptick in inflation before the war began, and the oil shock has exacerbated it.

Assistant Reserve Bank Governor, Sarah Hunter, said in a speech today:

The Middle East conflict is a clear external shock. While the duration of the conflict is uncertain, economists generally agree that the disruption in global oil and natural gas markets will lead to higher inflation here and overseas, working through several channels.

… our May forecasts see headline inflation peaking at 4.8 per cent in the June quarter, significantly higher than was expected in our February forecasts.

Which ASX 200 shares are leading the market today?

The biggest mover on the ASX 200 today is telco share Tuas Ltd (ASX: TUA), up 18.3% to $2.69.

Investors appear to be buying the dip after Tuas shares were smashed to the tune of 62% yesterday.

The stock’s dive came on news that the company had allegedly been using spectrum that it didn’t own.

Among the 11 market sectors on Tuesday, consumer staples is in the lead, up 3.5%.

This is largely due to a 4.8% surge in the Woolworths Group Ltd (ASX: WOW) share price to $34.57.

The Coles Group Ltd (ASX: COL) share price is also bouncing, up 3.1% to $21.49 at the time of writing.

The Elders Ltd (ASX: ELD) share price is also up 3.1% to $5.72 today.

Endeavour Group Ltd (ASX: EDV) shares are up 2.8% to $3.11.

Technology is the sector laggard, down 0.5%, after the Nasdaq Composite Index (NASDAQ: .IXIC) fell overnight.

TechnologyOne Ltd (ASX: TNE) shares are down 2.7% to $27.84 despite a record first-half profit for 1H FY26.

The NextDC Ltd (ASX: NXT) share price is down 2.2% to $14.26, and Elsight Ltd (ASX: ELS) is down 4.4% to $5.64.

The post ASX 200 rebounds as Trump calls off Iran strikes amid potential deal appeared first on The Motley Fool Australia.

More reading

• How did Australian super funds fare in April after steep falls in March?
• Contact Energy reports April 2026 earnings
• Technology One posts 17th consecutive record first-half profit, AI drives FY26 guidance
• 5 things to watch on the ASX 200 on Tuesday
• Why is the ASX 200 starting at a 7-week low today?

Motley Fool contributor Bronwyn Allen 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 Technology One. The Motley Fool Australia has positions in and has recommended Woolworths Group. The Motley Fool Australia has recommended Elders and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Australian superannuation funds bounced back in April, delivering a solid 2.6% return for the month according to Chant West, as markets around the world returned to growth.

Welcome reprieve

The industry analyst said that the boost in April went a decent way to recouping the 3.2% lost by funds in March, with the figures calculated for funds with 61-80% of their allocation in growth assets.

Chant West said further:

With international markets also up in May so far, Chant West estimates that with just six weeks remaining in FY26, the median growth fund return is sitting at 6.4%. This follows three consecutive years of very strong performance – 9.2% in FY23, 9.1% in FY24 and 10.4% in FY25.

Chant West Head of Superannuation Investment Research Mano Mohankumar said the April share market rally was driven by the ceasefire in the Middle East and solid corporate earnings in the US.

He added:

Over the month, developed market international shares returned a lofty 9% in hedged terms, led by the technology and communications services sectors amid ongoing investor enthusiasm for AI. With the Australian dollar appreciating against most major currencies, the return in unhedged terms was more modest, but still healthy at 4.4%. Emerging markets shares performed even better, gaining 9.3% in unhedged terms. While not reaching the same heights, Australian shares still generated a solid gain of 2.3%. With the risk-on sentiment, returns from bonds were flat with Australian and international bonds up 0.1% and 0.3%, respectively.

Mr Mohankumar said the turbulence in markets over the past couple of months was a timely reminder that superannuation is a long-term investment.

Members who panicked in March and switched to cash or a lower risk diversified option, not only turned paper losses into real ones, but also missed out on the subsequent market rebound. Missing even short periods of strong returns can have a significant impact on retirement outcomes due to the power of compounding.

Chant West figures show that for the financial year to date, all growth asset allocations have returned 7.5%, high growth have returned 6.5% and growth have returned 6%.

Balanced funds have returned 4.8% and conservative allocations have returned 3.6%.

Long-term results are solid

Mr Mohankumar said since the introduction of compulsory super in 1992 the media growth fund had returned 8% per annum.

The annual CPI increase over the same period is 2.7%, giving a real return of 5.3% p.a. – well above the typical 3.5% target. Even looking at the past 20 years, which includes three major share market downturns – the GFC in 2007-2009, COVID-19 in 2020, and the high inflation and rising interest rates in 2022 – super funds have returned 6.6% p.a., which is still ahead of the typical objective.

The post How did Australian super funds fare in April after steep falls in March? appeared first on The Motley Fool Australia.

More reading

• ASX 200 rebounds as Trump calls off Iran strikes amid potential deal
• Contact Energy reports April 2026 earnings
• Technology One posts 17th consecutive record first-half profit, AI drives FY26 guidance
• 5 things to watch on the ASX 200 on Tuesday
• Why is the ASX 200 starting at a 7-week low today?

Motley Fool contributor Cameron England 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.

The ASX All Ords Index (ASX: XAO) is rebounding today. At the time of writing, the Index is up 0.91%, recovering some of the losses shed over the past month.

The rebound is happening across most of the sectors on the ASX All Ords Index, and it’s positive news for the companies that slumped to 52-week lows on Monday.

Here are four ASX All Ords shares rebounding from a dip today. Here’s what brokers expect next.

Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)

Fisher & Paykel Healthcare shares have rebounded 2.06% on Tuesday to $27.21, at the time of writing. It’s a welcome turnaround after the ASX All Ords healthcare stock crashed to a two-year low of just $26.67 on Monday. Overall, healthcare shares have come under pressure so far in 2026, and stock prices have tumbled across the board. Slumping sentiment has been driven by a weaker US dollar, concerns about more interest rate rises, rising inflation, and cost-of-living pressures. There are also ongoing concerns about tariffs. But the business remains relatively sound. And the respiratory designer and manufacturer still expects to meet its revised FY26 revenue and profit guidance figures. Brokers rate the ASX All Ords stock as a strong buy and tip a potential 29% upside to $35.10, at the time of writing. 

Endeavour Group Ltd (ASX: EDV)

Endeavour shares have rebounded 2.48% higher to $3.10, at the time of writing. At the close of the ASX on Monday, the shares had crashed to an all-time low of $3.02. The alcoholic beverages retailer, hotel operator, and poker machines operator, owns major retail drinks companies such as Dan Murphy’s and BWS. It also owns other brand names such as ALH Hotels, Langton’s, and Jimmy Brings. Weaker consumer sentiment has hit the company’s growth recently, while higher supply-chain costs and inflation have put margins under pressure. But Endeavour is investing heavily in market competitiveness and online growth. Although brokers aren’t sure if the ASX All Ords company can pull off a turnaround. They rate the cost as a sell and top a 12-month target price of $3.51. However, after the latest price crash, it still represents a 14% upside at the time of writing.

Orora Ltd (ASX: ORA)

The packaging company’s shares are also rebounding 0.8% at the time of writing, to $1.26. The update comes after the shares crashed to an all-time low on Monday. The ASX All Ords company’s share price crashed 18% in early April following its latest trading update. Investors jumped on their sell buttons after the company downgraded its full-year FY26 EBIT guidance for its Saverglass division, citing disruptions from conflict in the Middle East. Brokers are also cautious about the company’s outlook. They rate the stock a hold and tip a potential 34% upside to $1.71 at the time of writing. 

Tabcorp Holdings Ltd (ASX: TAH)

Tabcorp shares are climbing higher on Tuesday. At the time of writing, the shares are 1.78% higher at 69 cents a piece. The turnaround follows a slump to a 52-week low yesterday. The wagering company’s shares have come under pressure since late 2023 following weaker revenue and profit performance. The stock was gaining traction in early 2026, but news of a letter from Australia’s financial crimes watchdog, AUSTRAC, earlier this month sent the share price crashing. The ASX All Ords company said that the watchdog raised serious concerns about the company’s ability to identify, mitigate, and manage money laundering and terrorism financing risks. It has also started an enforcement investigation. The shares have lost 41% of their value since the announcement. And brokers are reserved about their outlook for the company. They rate the stock as a hold and tip a potential 42% upside to 98 cents, at the time of writing. 

The post Are these 4 ASX All Ords stocks a buy after rebounding from 52-week lows? appeared first on The Motley Fool Australia.

More reading

• Why experts are selling these 3 ASX shares this week
• This ASX 200 healthcare stock has crashed to a multi-year low: Here’s why and what’s next
• 3 cheap ASX shares for value investors to buy today
• Why Macquarie, QBE, Tabcorp, and Westpac shares are dropping today
• Why Tabcorp, Light & Wonder and Amcor shares are making waves on Thursday

Motley Fool contributor Samantha Menzies 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.

The S&P/ASX 200 Index (ASX: XJO) is having a better session on Tuesday. At the time of writing, the benchmark index is up 0.95% to 8,586.2 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are falling:

DroneShield Ltd (ASX: DRO)

The DroneShield share price is down 5% to $2.98. This counter-drone technology company’s shares have come under pressure this month following the announcement of an ASIC investigation. The company said: “DroneShield advised that it will cooperate fully with the investigation regarding announcements and information provided to the Australian Securities Exchange between 1 and 20 November 2025, and trading in Droneshield shares between 6 and 12 November 2025 (inclusive). […] It is not clear what action, if any, may result from ASIC’s investigation.”

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas Rare Earths share price is down 4% to $18.10. This is despite there being no news out of the company. However, there are reports that China will soon address U.S. concerns ​about shortages of critical minerals and rare earths. Reuters also reported that China plans to address U.S. concerns over export restrictions on rare ​earth processing technology. This could potentially put pressure on rare earths prices in the near term.

PLS Group Ltd (ASX: PLS)

The PLS share price is down 4% to $5.75. This appears to have been driven by continued weakness in the lithium industry. This latest decline means that PLS shares are now down 10% since this time last week. Some of this selling could have been due to profit taking from investors. After all, PLS shares are still up over 300% since this time last year.

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price is down 4% to $27.54. This follows the release of the enterprise software provider’s half-year results. TechnologyOne posted a 9% increase in profit before tax to $89.1 million and a 17% jump in annual recurring revenue (ARR) to $598 million. While this was in line with consensus estimates, it seems that some investors were expecting a surprise to the upside. Commenting on the half, TechnologyOne’s CEO, Ed Chung, said: “There is huge momentum and confidence in the business today, in our strategy of SaaS+, which is fuelling the results we delivered today, and allows us to continue to invest into the future. Now with our AI strategy, the adoption of AI and the feedback we are receiving is surpassing our expectations. All of this also gives us confidence in our pipeline and we don’t guide up unless we see it day in and day out.”

The post Why DroneShield, Lynas, PLS, and TechnologyOne shares are falling today appeared first on The Motley Fool Australia.

More reading

• Why Technology One, Megaport and Mineral Resources shares are turning heads on Tuesday
• Time to get greedy with DroneShield stock?
• Technology One posts 17th consecutive record first-half profit, AI drives FY26 guidance
• 5 things to watch on the ASX 200 on Tuesday
• Can these soaring ASX materials stocks keep rising?

Motley Fool contributor James Mickleboro has positions in Technology One. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield and Technology One. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Lynas Rare Earths Ltd. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

S&P/ASX 200 Index (ASX: XJO) shares are up 1% to 8,592 points on renewed hopes of an end to the war in Iran.

US President Donald Trump said he called off a military strike on Iran, planned for tomorrow, following appeals from Persian Gulf nations.

This has generated optimism that US-Iran negotiations might restart.

Meanwhile, let’s take a look at fresh ratings on three ASX shares.

Civmec Ltd (ASX: CVL)

The Civmec share price is $1.63, down 1.2% today, and up 64% over the past 12 months.

Civmec reported net profit after tax (NPAT) of $13.5 million, up 45% year over year, for 3Q FY26.

Baxter Kirk from Bell Potter has a buy rating on this ASX All Ords industrial share with a $1.90 price target. 

In a new note, Kirk said:

With a diverse $1.35b order book underpinned by increased Resources activity and defence orders, CVL is well-positioned for growth.

Further, with tendering activity increasing and the company undertaking greater ECI work, the outlook for order book growth continues to brighten.

In our view, CVL remains an attractive investment due to 1) undemanding value relative to its peers, 2) improving sector outlook, and 3) increasing defence exposure.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay Infrastructure share price is $5.32, up 1.3% today, and up 30% over the past year.

Mitch Belichovski from Morgans has a hold rating on this ASX 200 industrial share. 

On the The Bull this week, Belichovski said:

The share price has performed well since March as the company retains predictable and resilient cashflows.

EBITDA growth is driven by CPI-linked base charges and incremental earnings on commissioned non-expansionary capital expenditure (NECAP) projects.

DBI continues to generate long term appeal, delivering an attractive distribution yield.

In our view, it also remains a potential merger and acquisition target.

LGI Ltd (ASX: LGI)

The LGI share price is $3.52, down 0.3% on Tuesday, and up 22% over 12 months.

LGI recovers biogas from landfills and converts it to electricity and eco-friendly products.

Belichovski has a sell rating on this ASX All Ords utilities share. 

The analyst said:

While LGI provides exposure to the decarbonisation theme, the company competes with several larger entities for landfill gas amid a limited number of larger sites to support electricity generation.

The share price pull back between mid April to May 13 is primarily due to ongoing weakness in wholesale electricity prices.

Also, according to our analysis, investors are cautious about the Mugga Lane strategic growth project, which potentially poses a risk to EBITDA guidance in fiscal year 2026.

The post Buy, hold, sell: Civmec, LGI, Dalrymple Bay Infrastructure shares appeared first on The Motley Fool Australia.

More reading

• Are these ASX small-cap shares a buy, hold or sell according to Bell Potter?
• Why is this ASX industrial stock charging higher today?
• 5 ASX 200 shares downgraded by experts this week
• Why did this ASX 200 stock just get downgraded by Morgans?
• Highlights from Dalrymple Bay Infrastructure’s latest investor presentation

Motley Fool contributor Bronwyn Allen 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 LGI Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Technology One Ltd (ASX: TNE), Megaport Ltd (ASX: MP1), and Mineral Resources Ltd (ASX: MIN) shares are grabbing headlines today.

Two of the ASX heavyweights are outperforming the 1% gains posted by the S&P/ASX 200 Index (ASX: XJO) as we head into the Tuesday lunch hour, while one is taking a tumble.

Here’s what’s grabbing investor interest.

Mineral Resources shares gain on Bald Hill restart

Mineral Resources shares are up 1.9% at the time of writing, changing hands for $65.30 apiece.

This comes after the ASX 200 lithium miner and diversified resources producer announced it will restart operations at its Bald Hill lithium mine, located in Western Australia.

The decision to recommence operation at Bald Hill – which was placed in care and maintenance in November 2024 amid crashing lithium prices at the time – follows this year’s strong run higher in global lithium prices.

Commenting on the decision, Mineral Resources managing director Chris Ellison said:

With strong and sustained demand for spodumene concentrate driving a significant recovery in prices, the time is right to restart operations at Bald Hill…

Once production resumes at Bald Hill, MinRes will be the only company globally operating three hard rock lithium mines, each with their own spodumene concentrate facilities.

Mineral Resources shares have now surged 168% over 12 months.

Megaport shares get a board shakeup

Megaport shares are also making headlines today after the ASX 200 automated infrastructure platform provider reported the appointment of Jon Gidney as a non-executive director of the board, commencing on 29 May.

Gidney will succeed Grant Dempsey as chair of the Audit & Risk Committee.

Gidney currently serves as a non-executive director of Dexus (ASX: DXS) and Cettire Ltd (ASX: CTT).

“As we continue to execute our global growth strategy, Jon’s deep expertise in global capital markets, strategy, and corporate finance will be invaluable,” Megaport chair Melinda Snowden said.

Megaport shares are up 1.6% at the time of writing, trading for $13.08 each. Megaport shares have leapt 53% over the past month.

Which brings us to…

Technology One shares slip despite H1 profit growth

Joining Megaport and Mineral Resources shares in turning heads today, Technology One shares are down 2.6%, swapping hands for $27.89 each.

This retrace comes despite the ASX 200 software-as-a-service (SaaS) provider reporting some solid growth metrics for its first-half (H1 FY 2026) results.

Among the highlights for the six months to 31 March, Technology One reported a 17% year-on-year increase in annual recurring revenue (ARR) to $598 million.

And on the bottom line, profit after tax of $66.8 million was up 6%.

This led to management boosting the interim dividend by 21% to 8 cents per share, representing a new all-time high interim payout.

The post Why Technology One, Megaport and Mineral Resources shares are turning heads on Tuesday appeared first on The Motley Fool Australia.

More reading

• Why DroneShield, Lynas, PLS, and TechnologyOne shares are falling today
• Up 167% in a year, here’s why this ASX 200 lithium stock is rising again
• Technology One posts 17th consecutive record first-half profit, AI drives FY26 guidance
• 3 ASX shares that could be much bigger in 10 years
• 5 things to watch on the ASX 200 on Tuesday

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

Washington H. Soul Pattinson and Company Ltd (ASX: SOL) shares are pushing higher on Tuesday after a new investment update caught attention.

At the time of writing, the Soul Patts share price is up 1.38% to $42.48.

The move adds to a solid year for the diversified investment house. Soul Patts shares are now up around 14% in 2026, although they remain down almost 4% over the past week.

The latest interest comes after reports that the company has built a substantial stake in Propel Funeral Partners Ltd (ASX: PFP).

Let’s take a closer look.

A new substantial stake

According to The Australian, Soul Patts has used a 30% fall in the Propel share price to build its position in the funeral services operator.

The report said Soul Patts now owns a 5.03% stake in Propel, equal to about 6.9 million shares, after a buy-in worth about $5.9 million.

The largest recent trade was a $2.5 million on-market purchase of 738,311 Propel shares.

The initial substantial holder notice shows Soul Patts became a substantial holder on 14 May 2026. It lists 6,944,482 ordinary shares and voting power of 5.03%.

Soul Patts already held 5,377,356 Propel shares before becoming a substantial holder. The notice shows it kept building the stake over March, April, and May, taking advantage of Propel’s weaker share price.

What Soul Patts may see in Propel

Propel is not a huge company, with a market capitalisation of about $468 million. But it sits in a sector that often attracts long-term interest.

The company provides death care services across Australia and New Zealand. Its brands include Ross Funerals, Alfred James Funerals, Berry Funeral Directors, Millingtons, and Gympie Funerals.

The Australian noted that Propel previously rejected multiple takeover proposals in 2023, when TPG Capital bought InvoCare for $1.8 billion.

Investors may be asking whether Soul Patts sees longer-term value after a rough period for Propel shares.

Propel shares are currently up 1.19% to $3.39. However, the stock is still down about 31% in 2026 and almost 30% over the past year.

A typical Soul Patts move

This looks like the sort of investment Soul Patts shareholders are used to seeing.

The company has a long history of backing listed businesses across different parts of the market. Its portfolio has included names such as Brickworks, New Hope Corporation Ltd (ASX: NHC), TPG Telecom Ltd (ASX: TPG), Apex Healthcare, and many more.

The Propel stake is not huge for a company the size of Soul Patts. But it is not hard to see why it has taken a look. Propel shares have fallen hard, and the business operates in a relatively defensive sector.

The post Soul Patts shares rise after taking stake in struggling ASX stock appeared first on The Motley Fool Australia.

More reading

• Why I’m planning to re-invest my dividends into this ASX share this week
• How to build a passive income stream with ASX shares
• Create a river of dividends for passive income alongside work earnings with ASX stocks
• How much is needed in superannuation to target a $5,000 monthly passive income?
• 3 compelling reasons why this is my biggest ASX share holding

Motley Fool contributor Aaron Teboneras 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 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.

The next 12 months will be a “formative period” for True North Copper Ltd (ASX: TNC), Morgans says, as they tip the shares to more than triple in value.

Morgans released a new research note on True North yesterday, followed by an exploration update from the company today.

More positive results

The company said it had completed a geophysics program at its flagship Mt Oxide project in North Queensland, and “the results have expanded the potential strike of the Aquila copper-cobalt-silver discovery and generated additional high-priority drill targets along the Mt Gordon Fault Zone”.

The company said drilling at the Aquila discovery had shown a strong correlation between “IP chargeability and conductivity anomalies and broad zones of shallow copper-cobalt-silver sulphide mineralisation”.

The new IP survey expanded the chargeability anomaly to about 500m north of current drilling, “highlighting further growth potential within the emerging copper-cobalt silver system”.

The company added:

The Phase 1 IP program has provided important targeting data to support refinement of the next drilling phase at Mt Oxide, including extension drilling at Aquila and testing of newly identified parallel structures along the broader mineralised corridor.  

True North Managing Director Andrew Mooney said:

The completion of the Phase 1 IP geophysics program marks another important step in our strategy to systematically grow the Mt Oxide Project and unlock the broader scale potential of the system. Extending the Aquila IP anomaly a further ~500 metres north has now grown the target to more than ~1.5 kilometre in strike extent, with mineralisation and geophysical anomalies remaining open along strike and at depth beyond current drilling. This is a highly encouraging result and further reinforces the significance of the new high-grade Aquila copper-cobalt-silver discovery.

Shares looking cheap

Morgans said in its research note to clients that outside of the Mt Oxide project, it expected recent drilling at the company’s Cloncurry Hub project to support operations, which could produce about 9000 tonnes of copper per year.

Morgans said:

TNC offers exposure to a staged copper growth platform, combining near-term development optionality at Cloncurry with district-scale exploration leverage at Mt Oxide. We are attracted to TNC for: 1) a clearly defined three-pillar strategy across development, growth and discovery; 2) material resource growth potential at Mt Oxide; 3) exploration upside across multiple projects; 4) infrastructure-rich operating environment; and 5) experienced management with relevant base metals development and operating expertise.  

Morgans has a speculative buy rating on True North Copper and has upgraded its price target from $1.20 to $1.30 due to higher expected gold credits.

True North shares are currently changing hands for 40 cents. The company is valued at $60.9 million.

The post Morgans is tipping this ASX copper company could more than triple in value appeared first on The Motley Fool Australia.

More reading

• Soul Patts shares rise after taking stake in struggling ASX stock
• 4 ASX All Ords shares tipped to rise 60% to 75%
• Why this top fundie is overweight BHP shares
• Why did 4DMedical shares charge higher today, then drop?
• Buy, hold, sell: Cleanaway, Codan, and Tuas shares

Motley Fool contributor Cameron England 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.

S&P/ASX All Ordinaries Index (ASX: XAO) shares are 0.9% higher at 8,815.1 points on Tuesday.

Among the 11 market sectors, consumer staples is in the lead today, up 3.3%.

The technology sector is the laggard, down 0.05%, and the only sector currently in the red.

Meanwhile, three brokers reveal their ratings and 12-month price targets on four ASX All Ords shares.

Let’s check them out. 

James Hardie Industries Plc (ASX: JHX)

The James Hardie share price is one of the market’s fastest risers today, up 3.8%, ahead of its 4Q FY26 results tomorrow.

James Hardie shares are trading at $27.10 apiece at the time of writing.

Morgan Stanley has reiterated its buy rating on this ASX All Ords materials share.

It has a price target of $44, suggesting 62% potential upside ahead.

Xero Ltd (ASX: XRO) 

The Xero share price is $79.11, up 1.3%, as it recovers from last week’s bashing.

Xero shares fell 8.6% after the company released its full-year FY26 results last Thursday.

In the same week, Xero also overtook Wisetech Global Ltd (ASX: WTC) as the biggest ASX All Ords tech share by market cap.

Xero reported a 27% fall in net profit after tax (NPAT) for FY26, largely due to the Melio acquisition.

Melio is a big part of Xero’s expansion strategy in the US. For FY26, US revenue rose 240%, or 30% on a pro-forma basis.

UBS has reiterated its buy rating with a $127 price target, implying 60% upside ahead.

WA1 Resources Ltd (ASX: WA1)

The WA1 Resources share price is $14.38, down 1.8% on Tuesday.

The ASX All Ords copper share fell 3.4% last week, despite the copper price reaching a record US$6.60 per pound on Wednesday.

Bell Potter has maintained its speculative buy rating on WA1 Resources shares with a $24.80 target.

This suggests potential capital growth of almost 75% over the next 12 months.

Minerals 260 Ltd (ASX: MI6)

The Minerals 260 share price is 81 cents, down 0.6% today.

This ASX All Ords gold share has had an amazing run, rocketing 479% over the past 12 months.

The mineral explorer is building the Bullabulling project, and has just awarded a contract for its 400-staff village.

Bell Potter said:

MI6 offers gold exposure via the 4.5Moz Bullabulling Resource, valuation uplift through discovery success, project advancement and de-risking as the BGP progresses towards production.

It holds ~$250m cash, sufficient to fund to Final Investment Decision (FID) in early CY27, long-lead items and early site works.

The broker has a price target of $1.35, indicating more than 65% upside ahead.

The post 4 ASX All Ords shares tipped to rise 60% to 75% appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares tipped to grow 50% or more in the next 12 months
• How to generate $20,000 a year in passive income on the ASX
• Buy, hold, sell: James Hardie, NextDC, and WiseTech shares
• What on earth’s going on with Xero shares?
• Could Xero shares really go that high? 3 brokers weigh in

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