Tag: Stock pick

When I invest in ASX shares, I’m usually thinking in decades rather than months.

Markets move up and down all the time, but the businesses that consistently create value tend to do so over very long periods. That’s why I like owning companies with strong competitive advantages, dependable earnings, and long runways for growth.

While there are plenty of quality companies on the ASX 200, a handful stand out to me as businesses I would be very reluctant to ever sell.

Here are two ASX 200 shares that I personally view as long-term hold forever investments.

Commonwealth Bank of Australia (ASX: CBA)

It’s almost impossible to talk about high-quality ASX 200 shares without mentioning Commonwealth Bank.

The bank has spent decades building one of the most dominant financial franchises in the country. Its scale, brand strength, and customer relationships make it incredibly difficult for competitors to challenge its position.

What stands out to me most is how consistently the business performs. Even through economic cycles, Commonwealth Bank has continued to generate strong profits and deliver reliable dividends for shareholders.

The company has also invested heavily in technology over the years, which has helped it maintain a leadership position in digital banking.

Personally, I think that combination of scale, profitability, and technological capability is a big reason the market continues to place a premium valuation on its shares.

While the share price will inevitably have periods of volatility, I see Commonwealth Bank as the type of business that can continue compounding value over very long periods of time.

HUB24 Ltd (ASX: HUB)

Another ASX 200 share that I would struggle to part with is HUB24.

The company operates a rapidly growing investment platform used by financial advisers to manage client portfolios. Over the past decade, it has been one of the biggest beneficiaries of the shift toward modern wealth management platforms.

What I like most about HUB24 is the structural growth story behind the business.

The Australian wealth management industry continues to expand as more Australians accumulate savings and seek professional financial advice. At the same time, advisers are increasingly moving away from older platforms and consolidating onto newer, more capable systems.

HUB24 has been winning market share as part of this transition, and its funds under administration have grown rapidly as a result. Combined with operating leverage, this has driven exceptionally strong earnings growth over the past decade.

In my view, that combination of structural industry growth and increasing scale makes HUB24 one of the most compelling long-term growth shares on the ASX.

Foolish takeaway

Investing is rarely about finding the next stock that might double in a year.

More often, long-term wealth is built by owning exceptional businesses and giving them time to grow.

For me, Commonwealth Bank and HUB24 are two companies that fit that description. Both have strong competitive positions, proven management teams, and long-term growth opportunities.

The post 2 ASX 200 shares I’m never selling appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has positions in Commonwealth Bank Of Australia and Hub24. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24. The Motley Fool Australia has recommended Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Metallium Ltd (ASX: MTM) shares are under pressure on Monday after the company released its half-year update to the market.

At the time of writing, the Metallium share price is down 7.25% to 64 cents.

The weakness adds to a difficult run for the stock, which is now down about 40% since the start of 2026.

Here is what happened over the 6 months ended 31 December 2025.

Metallium reports half-year results

The company released its half-year results alongside a CEO letter to shareholders outlining progress across its technology and processing platform.

During the period, Metallium generated revenue of $451,003, up significantly from $14,809 in the prior corresponding period.

However, it also recorded a net loss after tax of $24.07 million, compared with a loss of $3.59 million a year earlier.

According to the update, much of the loss relates to non-cash share-based payment expenses, largely tied to equity incentives granted in earlier periods.

Metallium said it finished the half with a strengthened balance sheet following a $75 million placement completed after the reporting period.

The company had cash and cash equivalents of $29.8 million at the end of December.

Progress at the Gator Point facility

A key focus for the company during the half-year was advancing its Gator Point Technology Campus in Texas.

The company said major progress was made across construction, infrastructure, and operational readiness at the site.

This includes upgrades to utilities, water systems, laboratory facilities, and dry and wet lab environments designed to support processing activities.

The facility is intended to support the commercial development of Metallium’s Flash Joule Heating (FJH) technology, which recovers metals from electronic waste.

Engineering and design work has also continued across the processing flowsheet, including systems to handle electronic scrap materials.

Scaling Flash Joule Heating technology

The company plans to run 3 FJH reactors at the same time during the June quarter of 2026. This is intended to demonstrate that the technology can operate at a larger scale.

The original design for the facility aimed to process about 1 tonne of material per day.

However, improvements to the processing system have lifted this target to around 5 tonnes per day. This would allow the facility to handle about 20 tonnes per day of printed circuit board material once upstream systems are fully integrated.

The company said this increase in capacity supports its plans to move toward commercial production.

Expanding commercial opportunities

The company previously announced a binding electronic scrap supply agreement with Glencore. Management says it provides an important source of material for its processing operations.

In addition, Metallium said it is working to finalise further supply agreements for printed circuit board material as it prepares to increase processing capacity.

The company also confirmed it is in discussions with Indium Corporation about potential supply and offtake arrangements for gallium and germanium recovered from industrial scrap.

Management said its near-term focus remains on commissioning activities at the Gator Point facility and expanding processing capacity as additional reactor units are rolled out.

The post Why this ASX stock just dropped 7% after today’s announcement appeared first on The Motley Fool Australia.

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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 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 All Ordinaries Index (ASX: XAO) has declined 2.5% in 2026 despite the best lifting efforts of this ASX All Ords defence stock.

The outperforming company in question is engineering, construction, and remediation contractor Duratec Ltd (ASX: DUR).

During the Monday lunch hour, Duratec shares are up 1.3%, changing hands for $2.38 apiece.

That sees the Duratec share price up 29.4% since the opening bell sounded on 2 January.

Taking a step back, shares in the ASX All Ords defence stock are up an impressive 45.1% since this time last year. And that doesn’t include the 4.3 cents a share in fully franked dividends the company has paid (or shortly will pay) eligible stockholders over the year.

The stock currently trades on a fully franked dividend yield of 1.8%.

And according to the team at Taylor Collison, the company is well positioned to deliver another year of o strong performance and dividends in the year ahead.

What’s the latest from Duratec?

Duratec’s main operating segments are defence, mining, and energy.

The ASX All Ords defence stock reported its half year results (H1 FY 2026) on 25 February.

The company earned the most revenue from its defence segment, with half year revenue coming in at $82.2 million. H1 mining revenue was reported to be $57.7 million while the company’s energy segment achieved revenue of $27.3 million for the six-month period.

Total revenue of $273.3 million was down 4.9% year-on-year. However, the company posted a 2% lift in normalised earnings before interest, taxes, depreciation and amortisation (EBITDA) to $27.5 million.

And on the bottom line, Duratec reported a net profit after tax (NPAT) for the half year of $13.4 million, up 3.5% year on year.

Commenting on the results on the day, Duratec managing director Chris Oates said:

It has been encouraging to see an uplift in recent wins, and although revenue remained flat in the first half, we delivered a record EBITDA margin [of 10%]. This performance has positioned the business extremely well for the second half and for the years ahead.

Why Taylor Collison is bullish on the ASX All Ords defence stock

Commenting on its buy recommendation and outperform rating on Duratec shares, Taylor Collison said, “We believe the investment case for DUR is supported by a combination of favourable macro settings and the company’s clearly differentiated value proposition.”

The broker pointed to Duratec’s remediation expertise as one reason its bullish on the stock, noting:

Through its MEnD business, DUR integrates engineering capability with contracting execution, enabling delivery of full-service solutions for asset owners – spanning defect identification, cost estimation and end-to-end project delivery. This vertically integrated model differentiates DUR from most peers and is consistently valued by customers.

Then there’s the ASX All Ords defence stock’s strong track record in the defence space.

According to Taylor Collison:

DUR’s construction exposure is heavily weighted toward defence, underpinned by a long-standing presence at HMAS Stirling and a strong execution track record. This ensures the company is well positioned for the upcoming upgrade cycle, particularly opportunities linked to the planned AUKUS nuclear submarine program.

The broker has a $2.45 price target on Duratec shares.

That represents a potential upside of around 3% from the current price. And it doesn’t include those upcoming dividends.

The post Why it’s not too late to buy this surging ASX All Ords defence stock appeared first on The Motley Fool Australia.

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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 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 Electro Optic Systems Holdings Ltd (ASX: EOS) share price has been on an extraordinary run.

Even after falling about 4% today (at the time of writing), the defence technology company’s shares remain near all-time highs. The stock has surged almost 80% over the past month and an astonishing 800% over the past year.

So after such a dramatic rally, the obvious question for investors is: Should they buy, hold, or sell?

What’s driving the momentum?

Part of the recent surge followed last week’s announcement that EOS had secured US$45 million in new counter-drone orders, including a major order from a Middle Eastern customer for its Slinger Remote Weapon System.

More broadly, the company said the ongoing conflict in the Middle East has sparked growing interest from governments in counter-drone systems, including its cannon-based Slinger platform and APOLLO laser technology.

Importantly, EOS’ order book has also expanded rapidly. At the last count, the company had more than $400 million in orders, up 238% from 2024.

Given that EOS generated $128 million in revenue in 2025, that backlog suggests the company has multiple years of potential revenue already contracted.

But does the valuation make sense?

EOS now has a market capitalisation north of $2 billion, despite reporting a 2025 NPAT of $17.5 million, and even that profit figure includes a $91 million gain from the sale of discontinued operations, meaning the underlying business is not yet meaningfully profitable.

In other words, the market is clearly pricing in significant growth expectations to materialise, and investors are valuing EOS based on its expected future growth rather than current earnings.

If the company successfully converts its rapidly expanding order book into sustained revenue growth (and ultimately strong cash flow with healthy margins), then today’s valuation may prove justified.

But if contract execution or margins disappoint, expectations could reset quickly.

Expect volatility

Investors should, however, expect volatility, even if EOS’ operations continue to improve. A shift in sentiment (perhaps as a result of headlines of a peace deal in the Middle East) could result in the share price cooling off, and investors have already experienced this before.

The stock has fallen around 40% twice during previous pullbacks, including in October 2025 and earlier this year, and so that’s a risk that investors need to be mindful of.

Buy, hold, or sell?

On balance, for new investors, chasing a stock after a 1-year 800% rally carries obvious risks. For that reason, I think there are better risk-adjusted opportunities out there at the moment.

For existing shareholders sitting on large gains, however, the decision does not have to be all or nothing.

If EOS has grown into a large part of a portfolio, trimming some shares could allow investors to lock in profits while still keeping exposure to the company’s long-term growth potential.

Sometimes the best move with a big winner is simply to take some chips off the table while letting the rest run.

The post Up 80% over the last month, EOS shares are near all-time highs. Should investors buy, hold or sell? appeared first on The Motley Fool Australia.

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Motley Fool contributor Kevin Gandiya has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Electro Optic Systems. 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 out of form on Monday. In afternoon trade, the benchmark index is down 0.5% to 8,573.9 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is down 9% to $7.00. Investors have been selling this gold miner’s shares following a pullback in the gold price. Traders have been selling gold amid concerns that sky-high oil prices could lead to higher inflation and force central banks to hike interest rates. It isn’t just Regis Resources shares that are falling today. The S&P/ASX All Ordinaries Gold index is down 4.2% at the time of writing.

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is down 3% to 10.7 cents. This morning, the energy company advised that the Western Australian Economic Regulation Authority (ERA) has finalised its Determination for the Benchmark Reserve Capacity Price (BRCP) for the 2028/29 Capacity Year at $488,500 per MW per annum. While this is a 35% increase on the 2027/28 benchmark of $360,700 per MW per year, it seems that some investors were expecting an even larger increase.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix Pharmaceuticals share price is down 3% to $10.96. This is despite the radiopharmaceuticals company revealing that it was optimistic that the resubmission of a new drug application (NDA) for its brain cancer imaging candidate TLX101-Px would be approved by the U.S. Food and Drug Administration (FDA). Telix’s chief medical officer, Dr David N. Cade, said: “We appreciate the FDA’s recognition of the critical unmet need to improve the diagnosis and management of glioma, particularly in the posttreatment setting. Our resubmission is supported by an extensive and compelling data set – particularly so for an orphan indication. We are grateful to our global clinical collaborators, who share our commitment to ensuring patients in the U.S. can benefit from this important patient management tool.”

Virgin Australia Holdings Ltd (ASX: VGN)

The Virgin Australia share price is down 2.5% to $2.66. This may have been driven by concerns that rising oil prices could weigh on the profitability of the airline. Virgin Australia has also been struggling with its flights through to the Middle East with Qatar Airways experiencing consistent cancellations. The company’s shares are now down almost 20% since this time last month.

The post Why Regis Resources, Strike Energy, Telix, and Virgin Australia shares are falling today appeared first on The Motley Fool Australia.

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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 positions in and has recommended Telix Pharmaceuticals. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Looking for ASX shares to buy after recent market weakness?

Well, if you are, let’s see what analysts are saying about the popular shares in this article, courtesy of The Bull.

Are they buys, holds, or sells? Let’s find out:

Brainchip Holdings Ltd (ASX: BRN)

The team at Peak Asset Management has named this struggling semiconductor company as a sell this week.

It highlights that the small cap is battling against AI giants like Nvidia (NASDAQ: NVDA) in an intensively competitive sector. It said:

BrainChip is a commercial producer of neuromorphic artificial intelligence (AI). The company operates across Australia, the US and Europe and had a market capitalisation of about $A349.17 million during trading on March 12. The broader AI hardware landscape is increasingly dominated by big players, such as Nvidia.

The AI sector is intensively competitive. The company substantially lifted revenue in full year 2025, but reported a loss from continuing operations after tax. The shares have fallen from 24.5 cents on October 9, 2025 to trade at 14 cents on March 12. Other stocks appeal more at this stage of the cycle.

CAR Group Limited (ASX: CAR)

Over at Baker Young, its analysts are positive on this auto listings company.

It highlights that its shares have fallen heavily recently amid AI disruption concerns. However, the broker believes this has created a buying opportunity and has named it as a buy this week. It said:

This online automotive marketplace operator posted stronger-than-expected first half results for 2026. It grew revenue by 13 per cent and reported EBITDA by 11 per cent. Recent sector-wide selling driven largely by concerns around potential artificial intelligence (AI) disruption has weighed on valuations. However, we believe CAR’s trusted brands, established distribution network and strong dealer relationships position it well to integrate AI tools into its services rather than be disrupted by them.

Over time, AI could enhance listing quality, pricing transparency and advertising effectiveness across its platforms. Given the company’s strong market position, attractive margins and long runway for digital automotive marketplace growth across several geographies, we view recent price weakness as an opportunity to accumulate a high quality technology-enabled marketplace at a more reasonable valuation.

Endeavour Group Ltd (ASX: EDV)

Finally, Baker Young has been looking at drinks giant Endeavour. It felt that the Dan Murphy’s owner delivered a solid half-year result last month.

However, it isn’t enough for a buy rating just yet. The broker has put a hold rating on its shares instead. It said:

The drinks and hotels operator delivered solid first half results for fiscal year 2026. Hotel sales increased by 4.4 per cent and total retail sales increased by 0.2 per cent. Hotel sales growth in the first seven weeks of the second half of fiscal year 2026 was up 4.5 per cent followed by 1.3 per cent for retail sales.

The company is investing heavily in price competition to support volumes, which will likely pressure margins in the near term. While it may be too early to call a full recovery, we believe risks are broadly balanced and we’re comfortable maintaining our position ahead of the strategic update.

The post Buy, hold, sell: Brainchip, CAR Group, and Endeavour shares appeared first on The Motley Fool Australia.

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

Shares in Forrestania Resources Ltd (ASX: FRS) are moving lower on Monday following an update from the Western Australian explorer.

At the time of writing, the Forrestania share price is down 5.66% to 50 cents.

Despite today’s pullback, the ASX gold stock has still delivered a strong run recently and is up about 66% since the start of 2026.

Let’s take a closer look at what was announced to the market.

Forrestania completes Jaudri Hills acquisition

According to the release, Forrestania has completed the acquisition of the Jaudri Hills gold project in Western Australia.

The transaction involved acquiring 100% of the fully paid ordinary shares of Australian Live Stock and Martin Mining Developments. It also included interests in Diggers & Dealers Mining.

Together, these companies hold gold exploration tenements near Jaudri Hills in the Coolgardie region.

The acquisition follows the binding heads of agreement announced to the ASX in November 2025. The company confirmed that all conditions precedent have now been satisfied, meaning the deal has formally completed.

Management said the project includes multiple granted mining licences, which expand Forrestania’s presence in a well-known gold-producing district.

Close to existing processing infrastructure

One of the key features of the Jaudri Hills project is its location.

Forrestania said the tenements are within economic distance of existing gold processing infrastructure. This would support future development if a discovery is made.

However, the company noted that any processing plans would depend on defining a JORC-compliant gold resource and receiving the required approvals.

Chairman David Geraghty said the acquisition is another step in the company’s plan to build a pipeline of gold projects.

Geraghty said the deal increases Forrestania’s presence in the Coolgardie district, an area that already hosts several established gold mines.

He also noted that the low-cost and performance-linked structure allows the company to focus its spending on advancing exploration work.

Expanding its Western Australian gold footprint

The Jaudri Hills tenements are located within the Coolgardie Gold Hub, an area that has historically produced significant gold.

Forrestania said the acquisition strengthens its broader project pipeline across Western Australia’s Eastern Goldfields region.

The company is currently focused on advancing exploration across several gold corridors, including projects around Southern Cross, Forrestania, and Coolgardie.

Management said the goal is to define significant gold resources that could support long-term development opportunities.

Forrestania is also progressing plans linked to the Lake Johnston processing facility, which it fully owns. The company has previously indicated that it aims to move toward gold production by late 2025 through this facility.

What’s happening with the share price?

Despite today’s pullback, Forrestania shares have been one of the stronger performers among small-cap gold explorers this year.

The company now has a market capitalisation of roughly $510 million and more than 1 billion shares on issue.

Over the past 12 months, the Forrestania share price has surged more than 1,700%, reflecting strong investor interest in the company.

The post This ASX gold stock just made a big move in WA. Here’s what happened appeared first on The Motley Fool Australia.

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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 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.

Shares in Tetratherix Ltd (ASX: TTX) have surged more than 25% in early trade after the company announced a deal which could earn it more than US$30 million over the next 10 years.

The drug development company said in a statement to the ASX that it had struck a deal with fellow Australian company Superpower around its “platform polymer”.

Strong revenue flow

Under the deal, Superpower will pay Tetratherix US$3 million per year for up to 10 years and will also purchase Tetratherix’s platform polymer branded as STEPP for the nasal delivery of “longevity and metabolic compounds such as GLP-1, peptides and hormones in the US market”.

Tetratherix said STEPP had been in “stealth development” for more than five years and is able to be used for the delivery of a range of compounds.

Tetratherix Chief Technology Officer Ali Fathi said:

Our precision medicine franchise is the culmination of more than 5 years of relentless, focused R&D in drug delivery – a journey driven by the conviction that science is only as powerful as its accessibility. I want to thank our research partners who have been instrumental in the development of this once in a generation, enabling technology which will lead to impact beyond our comprehension of what is possible in the way healthcare is delivered. We are now poised to transform the lives of millions across the globe, initially within the high impact landscapes of GLP-1s and peptide therapies with Superpower. Beyond the molecules themselves, this alliance will grant us early, scaled access to real world evidence allowing us to bridge the gap between clinical potential and actual patient outcomes in record time.

Tetratherix said STEPP was a nasal delivery compound that forms a “sticky cushion” once inhaled into the nose, and ensures that the drug being delivered remains in place and is not washed away.

The company added:

Beyond just staying put on the nasal lining, STEPP acts as a protective bubble wrap for the compounds themselves. Delicate compounds like GLP-1s and peptides are easily broken down by the body’s natural enzymes before they can even start working. STEPP wraps these fragile molecules in a defensive layer, shielding them from being destroyed.

Tetratherix Chief Executive Will Knox said the deal was a “masterstroke in speed and strategic alignment and we couldn’t be more excited about working with Superpower”.

Shares in the ASX biotech were 27.6% higher at midday at $5.31.

The company was valued at $113 million at the close of trade on Friday.

The post This asx biotech company has piled on more than 25% after a big announcement appeared first on The Motley Fool Australia.

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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.

Carnaby Resources Ltd (ASX: CNB) shares are defying weakness in the resource sector, trading higher after the company released a prefeasibility study for its Greater Duchess copper and gold project in Queensland.

While the share prices of major gold companies such as Bellevue Gold Ltd (ASX: BGL), Regis Resources Ltd (ASX: RRL), and Capstone Copper Corp (ASX: CSC) are lower in mid-morning trade, Carnaby shares are 4.8% higher at 43.5 cents.

Low-cost capex

Carnaby released both a pre-feasibility study (PFS) and a maiden ore reserve for Greater Duchess, with the PFS stating that it would only cost $11 million to bring the project into production.

Greater Duchess was expected to produce for 12 years, with a six-year open-pit operation followed by a transition to underground mining.

The project is expected to have a payback period of 13 months under the company’s base metal price assumptions, improving to 11 months if spot prices for copper and gold are used.

The maiden ore reserve indicates that the mine has 8.4 million tonnes of ore at a copper equivalent grade of 1.7%.

Forging ahead with next steps

The company has now started its feasibility study, which it expects to finish in the second quarter of calendar year 2026, with a final investment decision targeted by June 30.

This is expected to be followed by first production in the second half of calendar year 2026.

Carnaby Managing Director Rob Watkins said:

The release of the Greater Duchess PFS is a major milestone for Carnaby and its shareholders and is the culmination of extensive work completed by the Carnaby team and independent consultants over the course of the last year. The PFS results highlight an extremely robust new mine development project located close to existing world class infrastructure and processing facilities in the Mount Isa region. The Greater Duchess Copper Gold project has a clear pathway to a low pre-production capex ($11M) near term mining operation (target first production H2 CY26) that will capitalise on record copper and gold prices.

The mining project is expected to deliver EBITDA of $983 million, or $1.27 billion at spot prices.

The company added that there was the potential for further expansion of the mineral resource.

All deposits remain open at depth and the exploration upside in the Greater Duchess mine camp has clearly demonstrated potential to deliver additional production target tonnes in the future. This is particularly evident at Trek 1 and Trek 2 where recent outstanding exploration results have been recently reported.

The project will have an all-in sustaining cost of production of $9583 per tonne of copper, compared with the assumption used in the PFS of $16,500 per tonne.

Carnaby Resources was valued at $115 million at the close of trade on Friday.

The post This ASX copper company’s shares are defying a weak market after good project news appeared first on The Motley Fool Australia.

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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 S&P/ASX 200 Index (ASX: XJO) has followed Wall Street’s lead and is trading lower on Monday. In afternoon trade, the benchmark index is down 0.3% to 8,590.3 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Lifestyle Communities Ltd (ASX: LIC)

The Lifestyle Communities share price is up 2% to $5.43. This appears to have been driven by a broker note out of Citi. According to the note, the broker has upgraded the retirement communities company’s shares to a buy rating with a $5.60 price target. The broker notes that Hometown Australia recently bought a 9.8% stake in the company. It highlights that the $58.46 million deal was undertaken at a premium to the prevailing share price. Citi suspects that this could lead to increased M&A speculation.

Perpetual Ltd (ASX: PPT)

The Perpetual share price is up almost 2.5% to $16.61. Investors have been bidding the financial services company’s shares higher after it announced the sale of its Wealth Management business to Bain Capital for an upfront consideration of $500 million. Perpetual’s CEO and managing director, Bernard Reilly, said: “Following a thorough sale process, we believe we have achieved the right outcome for our shareholders, clients and people, and one that reflects Wealth Management’s longstanding reputation as a premium provider of high net worth advisory, fiduciary, philanthropic and not-for-profit offerings in the Australian market.” Perpetual expects to use sale proceeds to pay down debt and fund further growth in its core Asset Management and Corporate Trust businesses.

Reliance Worldwide Corporation Ltd (ASX: RWC)

The Reliance Worldwide share price is up 4.5% to $3.05. This morning, this plumbing parts company announced that it will undertake a further on-market share buy-back targeting $120 million. The company’s chair, Russell Chenu, said: “RWC has continued to generate strong cash flows over the past two years despite subdued end markets. This has enabled us to substantially reduce net debt. Consequently, RWC’s leverage ratio has fallen below the bottom end of our target range of 1.5 time to 2.5 times net debt to EBITDA. Undertaking this additional share buy-back will enable us to return excess capital to shareholders efficiently and is consistent with our previously articulated capital management strategy.”

Woodside Energy Group Ltd (ASX: WDS)

The Woodside Energy share price is up over 2% to $31.77. This has been driven by a rise in oil prices due to supply disruptions caused by war in the Middle East. It isn’t just Woodside that is rising today. The S&P/ASX 200 Energy index is up almost 1% at the time of writing.

The post Why Lifestyle Communities, Perpetual, Reliance Worldwide, and Woodside shares are rising today appeared first on The Motley Fool Australia.

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• This ASX financial stock just struck a $500 million deal
• Perpetual sells Wealth Management business to Bain Capital for $500m
• Which industrial company has just announced a $120 million buyback?
• 5 things to watch on the ASX 200 on Monday
• Here’s why ASX 200 energy shares were the only risers last week

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group Ltd. 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.