It's been a pretty positive day for ASX shares and the All Ordinaries Index (ASX: XAO) so far this Thursday. After a rocky start, the All Ords is tentatively in the green at the time of writing, having put on 0.12%, which lifts the Index to just over 7,500 points.

But some All Ordinaries shares are doing far better than that.

In fact, there are at least seven that have just hit new 52-week highs this session. Let's check 'em out.

7 ASX All Ords shares at new 52-week highs this Thursday

First up we have Adriatic Metals plc (ASX: ADT). This mining exploration company has interests in a number of metals, including silver. This company is having a whale of a time today, presently up a pleasing 5.4% at $3.80 a share.

Earlier today, Adriatic Metals hit $3.81, which is both the company's new 52-week high and all-time record high. The shares are up more than 22% year to date in 2023.

Next up there's Data#3 Ltd (ASX: DTL) to consider. All Ords tech share Data3 is also having a corker. This company's gain doesn't look too dramatic, up 0.6% at $7.64. But $7.64 is Data3's new 52-week and all-time high as well. This company has gained 15.6% over 2023 thus far.

A more well-known name in Myer Holdings Ltd (ASX: MYR) is another All Ords share on fire today. Myer is finally back over $1 a share for the first time since 2017, spiking 17.8% so far today to $1.12 a share.

The famous retailer reported earnings this morning, and investors have been delighted with a huge increase in profits and a special dividend. The company's new 52-week high is now $1.14 a share, putting Myer up a whopping 68% year to date.

Then there's Avita Medical Inc (ASX: AVH) to consider. All Ordinaries healthcare share Avita has also enjoyed a milder gain today, rising 1.64% up to $4.35 a share. But the company touched $.41 each this morning, which represents a new 52-week high for Avita.

This company has caught fire following its earnings last month. Avita is now up a massive 125% in 2023 so far.

What about Qantas, Eagers and Inghams?

Another familiar name in Qantas Airways Limited (ASX: QAN) is the next share worth checking out. This is another company that has seen investors flooding in after a successful earnings report in February, which included a $500 million share buyback program. '

The Qantas share price is bouncing around a bit today but hit a new 52-week high of $6.87 just after midday today. That puts it up almost 14% this year so far.

It's a similar story with All Ords car dealership company Eagers Automotive Ltd (ASX: APE). Eagers shares have also been playing jump rope today. But this afternoon has seen the company notch up a new 52-week high of $14.78 a share.

Again, it seems we have Eagers' latest earnings report to thank. Investors have been rediscovering their love for this company after last month's record dividend announcement. Eagers is now up 36% year to date.

Finally, let's check out All Ordinaries poultry share Inghams Group Ltd (ASX: ING). Inghams is yet another share that has been in both positive and negative territory this Thursday.

But when it was positive, it was positive. Inghams recorded a high of $3.30 a share soon after market open this morning – the new 52-week high.

Once more, it seems we have Inghams' latest earnings to look at to explain this new high. Investors initially didn't like what the company had to say last month. But the market seems to have reconsidered, with Inghams now up by more than 14% in 2023 to date.

The post 7 ASX All Ordinaries shares smashing new 52-week highs today appeared first on The Motley Fool Australia.

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a modest gain. The benchmark is currently up slightly to 7,311.3 points.

Four ASX shares that are climbing more than most today are listed below. Here's why they are zooming higher:

Arafura Rare Earths Ltd (ASX: ARU)

The Arafura share price is up 6% to 60 cents. This is despite there being no news out of the rare earths developer. However, it is worth noting that Bell Potter has called recent share price weakness following comments out of Tesla an overreaction. It has retained its speculative buy rating and 72 cents price target.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is up 15% to $1.10. This has been driven by the release of the department store operator's half-year results. It revealed a 24.2% increase in total sales to $1,884.9 million and the doubling of its net profit to $65 million. This allowed Myer to declare interim and special dividends of 4 cents per share each.

Volpara Health Technologies Ltd (ASX: VHT)

The Volpara share price is up almost 4% to 68 cents. Investors have been buying this health technology company's shares following the release of a business update. Volpara revealed a new contract with Sutter Health for its Risk Pathways product. This represents an additional US$900,000 in Total Contract Value (TCV) over an initial three-year period.

Xero Limited (ASX: XRO)

The Xero share price is up 9% to $85.79. This morning, this cloud accounting platform provider announced a major cost cutting plan. This will involve reducing its workforce by 700-800 roles, which represents upwards of 16.3% of its 4,915 full time equivalent employees. Management expects this to reduce its operating expense to revenue ratio to approximately 75% in FY 2024. This ratio stood at 83.9% in the first half.

The post Why Arafura, Myer, Volpara, and Xero shares are zooming higher appeared first on The Motley Fool Australia.

The Myer Holdings Ltd (ASX: MYR) share price is shooting higher on Thursday morning.

At the time of writing, the department store operator's shares are up 17% to a 52-week high of $1.12.

This follows the release of the company's half-year results.

Myer share price jumps after profits double

• Total sales up 24.2% over the prior corresponding period to $1,884.9 million
• Gross profit up 17.4% to $683.2 million
• Cost of doing business (CODB) reduced to 23.5% of total sales
• Net profit after tax increased 101.4% to $65 million
• Fully franked interim dividend of 4 cents per share
• Special dividend of 4 cents per share

What happened during the half?

For the six months ended 28 January, Myer reported a 24.2% increase in total sales to $1,884.9 million. This reflects strong in-store sales growth, which offset a pullback in online sales.

And while Myer's gross profit margin softened due to the unfavourable impact of higher shrinkage and foreign exchange movements, its CODB improved meaningfully and supported strong net profit growth.

Myer reported a 101.4% increase in net profit after tax to $65 million. This led to its cash balance lifting by $50 million to $267 million and allowed the Myer board to reward shareholders with both an interim dividend and special dividend of 4 cents per share each.

Management commentary

Myer's CEO, John King, was rightfully pleased with the strong result. He said:

We are very pleased with the strength and quality of our first half results, with a best-on-record first half sales performance, significantly improved profitability and a balance sheet that continues to provide a strong foundation for future growth. The result reaffirms our view that the Customer First Plan is the right strategy, which continues to deliver strong outcomes for our business and shareholders.

Our omni-channel offer is strong, we continue to invest in MYER one, one of the country's most effective retail loyalty programs and have also demonstrated our ability to capitalise on customers returning to stores and CBD locations through a targeted program of store space optimisation, a stronger merchandise offer, key refurbishments and improved customer service.

Commenting on the dividends and current trading, King added:

Our ordinary fully franked dividend and additional special dividend demonstrates the confidence in the momentum being built as we move through FY23, with Department store sales growth in the eight weeks post Christmas up 16.1% over the corresponding period in the prior year; continuing to deliver sales momentum despite tightening economic conditions.

The post Myer share price rockets 17% on doubled profits and special dividend appeared first on The Motley Fool Australia.

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a solid gain. At the time of writing, the benchmark index is up 0.75% to 7,338.9 points.

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

Fortescue Metals Group Ltd (ASX: FMG)

The Fortescue share price is down 2.5% to $22.22. Investors have been selling Fortescue and other mining shares today amid concerns that demand for iron ore from China may not be as strong as hoped. This follows the release of China's GDP target for 2023. It is targeting 5% growth with less of a focus on the infrastructure and property sectors.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas share price is down over 5% to $7.38. This rare earths producer's shares have come under pressure recently after Tesla announced plans to shift away from using rare earths in its cars in the near future.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is down 4% to 86 cents. This is despite there being no news out of the department store operator today. However, it is worth noting that Myer is scheduled to release its half-year results later this week. And with its shares up over 100% since this time last year, some investors may be taking a bit of profit off the table.

New Hope Corporation Limited (ASX: NHC)

The New Hope share price is down 4.5% to $5.51. This appears to have been driven partly by the release of a broker note out of Ord Minnett this morning. According to the note, the broker has downgraded the coal miner's shares to hold rating with a $6.50 price target. It made the move on valuation grounds.

The post Why Fortescue, Lynas, Myer, and New Hope shares are dropping today appeared first on The Motley Fool Australia.

The leading investors from Wilson Asset Management (WAM) have shared two undervalued ASX shares on their radar.

WAM operates several listed investment companies (LICs). Some, like WAM Leaders Ltd (ASX: WLE), focus on larger companies.

Meanwhile, WAM Capital Limited (ASX: WAM) targets "the most compelling undervalued growth opportunities in the Australian market".

But does WAM have a claim of stock-picking pedigree? The WAM Capital portfolio has delivered an investment return of 15% per annum since its inception in August 1999. That's before fees, expenses, and taxes. This gross return outperformed the All Ordinaries Total Accumulation Index (ASX: XAOA) return of 8.5% per annum over the same timeframe.

With that in mind, here are the two ASX shares WAM Capital has outlined in its recent monthly update.

Myer Holdings Ltd (ASX: MYR)

Myer is a retailer that operates 57 department stores; it also has an online offering as well.

WAM noted that Myer recently revealed details of its FY23 half-year result, which showed total sales growth of 24.8%. This was its "strongest sales result on record for the first five months of a financial year".

The fund manager noted that Myer said its sales following Christmas had "continued to outperform strongly" compared to the prior corresponding period.

Myer is expecting its net profit after tax (NPAT) for the 26 weeks to 28 January 2023 to be between $61 million to $66 million. This would represent year-over-year growth of between 89% to 104%, which was more than the market's expectations.

WAM thinks that a tougher economic environment will impact Myer over the next 12 months. But, more foot traffic in its city stores and increases in inbound tourism will "allow the business to maintain its strong momentum".

Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)

The other ASX share that the fund manager picked out was Fisher & Paykel. It's described as a leading designer, manufacturer, and marketer of products and systems for use in respiratory care, surgery, and the treatment of obstructive sleep apnoea.

WAM pointed out that Fisher & Paykel Healthcare upgraded its revenue guidance for FY23. The ASX healthcare share is expecting full-year operating revenue to be between $1.55 billion to $1.6 billion.

Why did the company bump up its expectations? It was because of higher COVID-19 cases in China and an earlier-than-expected start for the flu season in the US, which contributed to a "rapid surge" in demand for the company's products.

The fund manager finished with the following optimistic view on the ASX share:

We believe Fisher & Paykel Healthcare Corporation's runway for growth remains strong with falling freight and logistics costs providing greater confidence that the company can achieve its 30% operating margin target in the medium-term.

The post 2 ASX shares to buy that have 'strong momentum': expert appeared first on The Motley Fool Australia.

Four ASX shares that aren't letting that hold them back today are listed below. Here's why they are charging higher:

Accent Group Ltd (ASX: AX1)

The Accent share price is up 9% to $2.09. This follows the release of a strong trading update from the footwear retailer this morning. Accent revealed that total sales for the first half were up 33% over the prior corresponding period to $825 million. This is expected to lead to half year earnings before interest and tax (EBIT) in the range of $90 million to $92 million, up from $30.3 million a year earlier.

Iluka Resources Limited (ASX: ILU)

The Iluka share price is up 2.5% to $11.03. Investors have been buying this mineral sands producer's shares following the release of its fourth quarter and full year update. Iluka reported production of 157,000 tonnes for the fourth quarter, taking its full year production to 679,400 tonnes. And while its production and sales volumes were both lower year over year, stronger prices led to revenue growing 16.3% to $1,727.4 million.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is up a further 5% to 94.2 cents. Investors have been buying this department store operator's shares following the release of a trading update this week. Myer revealed that for the five months to December 31, it delivered total sales growth of 24.8%. Management expects this to lead to the company reporting a first half profit of $61 million to $66 million. The latter will be double last year's half year profit.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price is up almost 1.5% to $13.78. This appears to have been driven by a bullish broker note out of Goldman Sachs this morning. Goldman has named the company as its top pick in the insurance sector and has initiated coverage with a buy rating and $16.67 price target. It believes QBE's shares are trading at an attractive level compared to historical levels, particularly given its strong capital position and improving outlook.

The post Why Accent, Iluka, Myer, and QBE shares are charging higher today appeared first on The Motley Fool Australia.

Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:

Block Inc (ASX: SQ2)

The Block share price is up over 6% to $115.46. Investors have been buying Block's ASX listed shares today in response to a strong gain by its NYSE listed shares overnight. US tech stocks started the week very strongly, driving the NASDAQ index 2% higher on Monday night's session.

Codan Limited (ASX: CDA)

The Codan share price is up 19% to $5.25. This follows the release of a trading update from the metal detector and communications company. That update reveals that it expects to hit the high end of its first half revenue guidance range of $200 million to $215 million. Even better, though, management expects to deliver a first half net profit approaching $31 million, which is ahead of its guidance range of $25 million to $30 million.

Latin Resources Ltd (ASX: LRS)

The Latin Resources share price is up 6% to 12.7 cents. Investors have been buying this lithium explorer's shares following an update on its Salinas Lithium Project in Brazil. According to the release, the latest assay results received from diamond drilling at the Colina West prospect confirm that it represents an exceptional resource growth opportunity.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is up 5% to 89.2 cents. This follows the release of a strong trading update from the department store operator this morning. For the five months to December 31, Myer delivered total sales growth of 24.8%. In light of this, the company is expecting to deliver first half profit of $61 million to $66 million. The latter will be double last year's half year profit.

The post Why Block, Codan, Latin Resources, and Myer shares are storming higher appeared first on The Motley Fool Australia.

The Myer Holdings Ltd (ASX: MYR) share price is getting more attention than a Boxing Day sale today after releasing a trading update.

At the time of writing, shares in the Australian department store group are trading 5.9% higher to 90 cents. The sizeable gain has set yet another 52-week high for the company's shares, continuing a blazing 6-month stint for the Myer share price.

Let's peer into the latest update to understand what all the fuss is about.

Clawing its way back to record numbers

After a long stretch of declining sales (pictured below), the 122-year-old Aussie retail chain has posted its best sales on record for the first five months of the financial year.

According to the update, Myer increased its sales by 24.8% for the five months ending 31 December 2022 compared to the prior corresponding period. Investors are cheering about the solid performance, pushing the Myer share price higher.

The substantial increase was buoyed by store sales, which surged 37.9%. Meanwhile, online sales scaled back 9.4% compared to the comparative period. Pleasingly, sales surpassed pre-COVID levels in the first half of FY19 by 14.3%.

Though, it was pointed out that the prior period being compared was impacted by store closures — possibly assisting with larger gains year over year.

Notably, total sales were up 8.7% for the six weeks leading up to Christmas compared to last year.

What about profits?

Record sales are always good to see, but profits are what really counts. Fortunately, Myer is expecting net profit after tax (NPAT) of between $61 million and $66 million in the first half of FY23. The commendable result would reflect an astounding increase between 89% and 104%.

Exact figures will be presented in early March as the company's interim reporting period finishes on 28 January.

Despite the stellar expected results, Myer CEO John King noted their continued vigilance, stating:

As with most retailers, we remain cautious on the macroeconomic environment for the remainder of the calendar year but are equally confident in the continuing momentum we have within the Customer First Plan and a range of initiatives we are executing.

Myer share price snapshot

The Myer share price has wiped the floor with the S&P/ASX 200 Index (ASX: XJO) during the past 12 months. Where the benchmark has returned a mediocre 4.6%, Myer has delivered a mouthwatering 143% gain before dividends.

Myer currently holds a market capitalisation of approximately $735 million.

The post Myer share price leaps 6% amid supercharged sales appeared first on The Motley Fool Australia.

It's certainly been a wild year for ASX shares as inflation prints and interest rate hikes have pulled markets in every direction.

Despite a recent rally, the S&P/ASX All Ordinaries Index (ASX: XAO) is down around 7% since the start of 2022.

Amidst the volatility and uncertainty, investors have been flocking to defensive ASX shares, along with those that pay a dividend.

But high dividend yields don't necessarily have to come with modest capital growth.

Here are three high-flying ASX All Ords shares that have delivered juicy dividends and big share price gains in 2022.

New Hope Corporation Limited (ASX: NHC)

New Hope has been one of the best-performing ASX All Ords shares this year. With the New Hope share price currently fetching $5.64, shares have sky-rocketed 153% in the year to date.

The ASX 200 coal miner has been a major beneficiary of sky-high coal prices, which have surged on the back of the Russia-Ukraine conflict.

In FY22, New Hope's revenue soared by 143% to $2.6 billion. Meanwhile, profit went through the roof, rocketing 1,139% to $983 million. 

This came despite New Hope producing 18% less saleable coal compared to the prior year. It was all made possible by record-high coal prices, with New Hope's average realised prices surging from $101.36/tonne in FY21 to $281.84/tonne in FY22. 

These booming results helped New Hope to crank up its annual dividends by 681%, declaring fully franked dividends of 86 cents per share. At current prices, this puts New Hope shares on an eye-watering trailing dividend yield of 15.2%.

Looking ahead, Morgans believes New Hope's dividends will head further north in FY23. The broker is forecasting annual dividends of $1.00 per share, which spins up a forward dividend yield of 17.7%. Morgans currently has an add rating on New Hope shares with a 12-month price target of $6.80.

Woodside Energy Group Ltd (ASX: WDS)

Next up, Woodside is another ASX 200 share that's delivered lucrative dividend income this year in tandem with bumper share price gains.

With Woodside shares last changing hands at $34.45, its shares have punched 57% higher since the beginning of 2022.

Woodside has been another big winner from record-high oil and gas prices. The company's financial year runs until 31 December, so it's yet to hand in its FY22 report. 

But Woodside's strength was on full display in its first-half results, delivering a 132% increase in operating revenue which came in at US$5.8 billion. Underlying net profit after tax (NPAT) enjoyed an even bigger boost, leaping 414% to US$1.8 billion.

This was largely thanks to higher realised prices, which more than doubled year-on-year to US$96.40 per barrel of oil equivalent.

Woodside's multi-billion-dollar merger with BHP Group Ltd (ASX: BHP)'s oil and gas portfolio was completed on 1 June 2022. So, these assets had one month's contribution to Woodside's first-half results.

As part of the deal, Woodside received a merger completion payment of around US$1.1 billion in cash.

In August, Woodside declared an interim dividend of US$1.09. This payout was based on 80% of underlying NPAT plus 80% of the merger completion payment adjusted for working capital.

Excluding the merger completion payment, Woodside's ordinary interim dividend came in at 76 US cents, up 153% from the 30 US cent interim dividend declared in 1H21.

Over the last 12 months, Woodside has dished out fully franked dividends of US$2.14. As a result, Woodside shares are currently printing a trailing dividend yield of roughly 8.9%.

Myer Holdings Ltd (ASX: MYR)

Turning our attention away from ASX resources shares, Myer has been a surprise packet this year.

Consumers have been feeling the pinch of rising interest rates and cost of living, which has made life difficult for ASX retail shares.

But while most ASX retail shares flounder, the Myer share price has defied gravity, shooting up 56% this year to perch itself at 70 cents.

Myer is delivering on its turnaround, recently recording its highest second-half profit result in nearly a decade.

In FY22, the ASX retailer achieved comparable store sales growth of 15% while underlying NPAT doubled to $60 million.

Myer's bottom line has been bolstered by strong multi-channel execution, particularly from its online business.

It appears momentum is only gathering pace, with the first six weeks of FY23 seeing Myer achieve its best sales start to a financial year since 2006.

In terms of dividends, Myer shelled out an annual payment of 4 cents per share in FY22, fully franked. This translates to a trailing dividend yield of 5.7%, which grosses up to 8.2% including franking credits.

This is a marked turnaround for a company that, prior to this year, hadn't paid a dividend since 2017.

The post 3 high-yielding ASX dividend shares that have surged more than 50% this year appeared first on The Motley Fool Australia.

Although the ASX 200 index is on course to record a 3% decline in 2022, some ASX shares have absolutely smashed the market with supercharged returns.

This means that if you had one or more of these ASX index beaters in your portfolio, there's a good chance that you'll have outperformed the benchmark this year.

What are the ASX index beaters of 2022?

Five standout ASX index beaters are listed below. Here's how they have performed in 2022:

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price is up 56% in 2022. This has been driven largely by the the company's exposure to lithium and the sky high prices the battery making ingredient is commanding right now.

Myer Holdings Ltd (ASX: MYR)

The Myer share price has been an ASX index beater this year with its gain of 61%. Investors have been buying the department store operator's shares following the release of an impressive full year result in September. Thanks to its successful focus on profitable sales, Myer reported a 103.8% increase in net profit to $60.2 million during FY 2022.

Origin Energy Ltd (ASX: ORG)

The Origin share price has been a strong performer in 2022 and is up 47%. The catalyst for this was the receipt of a takeover approach in November. The energy company received an indicative, conditional, and non-binding proposal from Brookfield Asset Management and MidOcean Energy to acquire it for $9.00 cash per share. This represents a premium of almost 55% to its share price at the time.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is another ASX index beater in 2022 with a gain of almost 34%. This has been driven by the lithium miner's strong performance and positive outlook. In fact, the company's outlook is so positive thanks to production growth plans and high prices, that management expects to be able to pay its maiden dividend this financial year.

Sayona Mining Ltd (ASX: SYA)

The Sayona Mining share price is the best performer in the group. In 2022, this lithium developer's shares are up 66%. Sayona Mining, the third ASX lithium share in the list, is an index beater thanks to excitement around its North American Lithium (NAL) project. Management expects NAL to be producing lithium in the first quarter of 2023.

Time will tell if 2023 is just as successful for these shares.

The post ASX index beaters: 5 shares that have supercharged portfolios in 2022 appeared first on The Motley Fool Australia.

Rising inflation and interest rates have made life difficult for shareholders of ASX retail shares in 2022.

The first thing most people do when their budgets get tighter is buy fewer things at the stores or online. That isn't so good for retail businesses.

But with an estimated $6.2 billion spend on Black Friday last month, and a potential peak in the inflation rate boding well for Christmas sales, maybe retail shares will turn around next year.

In fact, the Fool's own chief investment officer Scott Phillips says it's the right time to look around for beaten-down investments in the retail space.

He points out that many high-quality retail shares are "way too cheap right now", with a number of them trading on single-digit price-to-earnings (P/E) ratios.

Let's look at the top-performing ASX retail shares over the month of November.

This data comes from S&P Global Market Intelligence showing share price gains among retailers with a minimum market cap of $100 million. The figures are taken from the closing price on 31 October to the closing price on 30 November.

Supply Network Limited (ASX: SNL)

The top-performing ASX retail share in November was Supply Network with a 22.9% share price gain. Wow! The aftermarket auto parts supplier hit an all-time high in November at $13.45 per share. This followed a positive update on 25 November at the company's annual general meeting (AGM). Chair Gregory Forsyth told shareholders that trading momentum in FY23 "remained strong". Assuming current trends continue, the company expects revenue of $116 million to $118 million for the first half of FY23, with profit after tax in the range of $12 million to $12.5 million. He said it was likely that "all of the financial targets and most of the development objectives detailed in our business plan to FY2024 will be met or exceeded by the end of the current financial year".

The Supply Network share price closed at $12.31 on Friday, down 4.6%.

Accent Group Ltd (ASX: AX1)

November's next best-performing ASX retail share was shoe retailer Accent Group, up 21.6%. The company presented a trading update at its AGM on 11 November, as well as an investor presentation. As my Fool colleague James reported, the company has had a stronger-than-expected start to FY23. For the first 18 weeks of the financial year, total group-owned sales were up 52% compared to the prior corresponding period (pcp). The company's recent focus on improving gross margins has paid off, with a 570 basis-point increase pcp. James himself thinks Accent is cheap after an almost 30% slide in its share price this year to date. He likes that the company's products are youth-orientated and notes that it's trading on an attractive P/E of 12.6 times estimated FY23 earnings, according to analysis from Goldman Sachs.

The Accent share price closed at $1.77 on Friday, up 0.86%.

Myer Holdings Ltd (ASX: MYR)

The third-best ASX retail share in November was Myer with a share price gain of 15.7%. The department store operator got a nice ongoing bump to its share price following the AGM on 10 November. In a presentation, Myer CEO John King said the first 13 weeks of FY23 represented the "best sales start on record" since FY04. Sales growth was up almost 53% on the pcp in FY22, he said.

The Myer share price closed at 72 cents on Friday, up 0.69%.

The post Which 3 ASX retail shares gained 15% to 20% in value in November? appeared first on The Motley Fool Australia.

The All Ordinaries Index (ASX: XAO) is kicking off this Tuesday's session on a very positive note so far. At the time of writing, the All Ords has gained a healthy 0.4%, putting it back over 7,375 points.

But for some ASX all Ords shares, it's been an even better day. So let's talk about three All Ords shares that just clocked new, multi-year highs.

3 ASX All Ords shares hitting new highs today

Neuren Pharmaceuticals Ltd (ASX: NEU)

Neuren Pharmaceuticals is our first All Ords share to check out. Neuren is having a pretty fabulous day. The company is presently up a decent 1.64% at $8.67 a share.

But this morning, Neuren shares spiked as high as $8.80 each. That is not only a new 52-week high for the Neuren Pharmaceuticals share price, but the highest Neuren has traded since way back in early 2007.

Yes, Neuren is trading at a post-GFC high today. Neuren shares are now up more than 120% year to date. It's not hard to see why.

In a quarterly update last month, Neuren announced a new drug has been approved by the US Food and Drug Administration (FDA). The company is anticipating revenue from this new drug alone of $112 million in 2023.

New Energy Solar Ltd (ASX: NEW)

New Energy Solar is another All Ords share blazing new highs today. This solar company opened at 98 cents a share this morning but soon climbed as high as $1 a share, a new 52-week high for New Energy Solar.

New Energy Solar has been at these levels before. But the last time was back in early 2020, making today's new 52-week high a multi-year high as well.

This could have been spurred by a few things. Yesterday, New Energy Solar informed investors that the company's net asset value per share stood at $1.06, meaning the shares are trading under what they are theoretically worth right now.

Further, New Energy Solar is planning a significant capital return soon, which could also be boosting investor sentiment.

Myer Holdings Ltd (ASX: MYR)

Our last All Ords share to check out is a famous ASX name in Myer.

The Myer share price has staged a fairly remarkable recovery over the year so far. Myer shares are up a pleasing 58% this year to date, and up more than 140% from the June 52-week low of 30 cents.

This morning, Myer climbed as high as 74 cents each. That's the highest Myer has traded at in almost five years.

As my Fool colleague James flagged yesterday, this could be a result of the news that Myer's arch-rival David Jones is a potential takeover target at the moment.

The post 3 ASX All Ordinaries shares hitting multi-year highs on Tuesday appeared first on The Motley Fool Australia.

Four ASX shares that have not let that hold them back are listed below. Here's why they are pushing higher:

Liontown Resources Ltd (ASX: LTR)

The Liontown share price is up 2.5% to $2.06. Investors have been buying this lithium share thanks to a rebound in the industry and the release of the company's ESG report. Management notes that its ESG report reinforces its "vision to be an ESG leader and a globally significant provider of battery minerals for the rapidly growing clean energy market."

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price is up 2.5% to $24.43. This appears to have been driven by a broker note out of UBS. According to the note, the broker has upgraded the jewellery retailer's shares to a buy rating with an improved price target of $29.00. This follows the release of a stronger than expected trading update last week.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is up 9% to 72.5 cents. This appears to have been driven by recent news that rival David Jones is a takeover target. Investors may believe that Myer's shares are trading at attractive multiples based on prices being touted for David Jones.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up 3% to $8.44. Investors have been buying Whitehaven Coal and other coal miners today. This follows a strong end to the week for the coal prices. According to CommSec, the coal Nymex share price rose 3.4% on Friday night. The Whitehaven Coal share price is now up over 200% since the start of 2022.

The post Why Liontown, Lovisa, Myer, and Whitehaven Coal shares are pushing higher appeared first on The Motley Fool Australia.

It's a rough day for the All Ordinaries Index (ASX: XAO), but two of the shares that call it home are having a party.

They've soared as much as 9% today to hit new multi-year, or all-time, highs. Meanwhile, the benchmark index has slipped 0.34% at the time of writing.

So, without further ado, here are the All Ordinaries shares leaping to long-forgotten highs on Monday.

2 ASX All Ordinaries shares trading at their highest in years

The share price of department store operator Myer Holdings Ltd (ASX: MYR) is leaping on Monday despite the company's silence.

It is sitting at a high of 74 cents at the time of writing – marking a 10.5% gain on the previous close and its highest point since April 2019.

The latest happening was the company's appointment of Terrence McCartney to its board earlier this month. McCartney was nominated to join the board by major Myer shareholder Premier Investments Limited (ASX: PMV), headed by Solomon Lew.

At its annual general meeting (AGM) last fortnight, Myer also revealed the first 13 weeks of financial year 2022 was its best start to a fiscal year on record.

Another All Ordinaries share hitting multi-year highs on Monday is Supply Network Limited (ASX: SNL). Indeed, stock in the aftermarket automotive parts supplier reached its highest level ever earlier today.

It soared 5.8% to trade at a record $12.18 at its intraday high before sliding back down again. Right now, Supply Network shares are trading just 0.78% higher at $11.60.

Interestingly, there's been no news from the company this month. The last time the market heard price-sensitive news from the stock was way back in August.

Then, it dropped its audited results for the 12 months ended 30 June, posting a 22% year-on-year jump in revenue and a 44.6% increase in after-tax profits, coming in at $198.5 million and $20 million, respectively.

The post 2 ASX All Ordinaries shares hitting multi-year highs on Monday appeared first on The Motley Fool Australia.

Fund manager Wilson Asset Management (WAM) has revealed two ASX shares that it rates as buys within the WAM Research Limited (ASX: WAX) portfolio.

WAM operates several listed investment companies (LICs). Two of those LICs are WAM Capital Limited (ASX: WAM) and WAM Leaders Ltd (ASX: WLE).

One of the LICs is called WAM Research, which looks at smaller businesses on the ASX.

WAM describes WAM Research as a LIC that invests in the most 'compelling undervalued growth opportunities' in the Australian market.

The WAM Research portfolio has delivered gross returns (that's before fees, expenses, and taxes) of 13.6% per annum since the strategy changed in July 2010, which is superior to the All Ordinaries Total Accumulation Index (ASX: XAOA) return of 8% per annum.

These are the two ASX shares that WAM outlined in its most recent monthly update.

Myer Holdings Ltd (ASX: MYR)

Myer is a department store retailer that has 58 locations across Australia, as well as an online presence.

The fund manager pointed out that last month Myer announced its FY22 result, which showed total sales growth of 12.5% to almost $3 billion. There was also a year-on-year increase of net profit after tax (NPAT) of 103.8% to $60.2 million, after excluding JobKeeper. Its net cash position improved by $74 million to $186 million.

WAM pointed out that the second half was the ASX share's best second half in almost a decade thanks to "strong multi-channel execution", with the online segment beating expectations. The investment team also highlighted that the company's FY23 started strong.

The fund manager is "positive" on the outlook because "management continue to execute on their vision and deliver the turnaround".

APM Human Services International Ltd (ASX: APM)

The other business that was named as an opportunity in the WAM Research portfolio was this international human services provider, which has more than 1,000 locations across Australia, New Zealand, the UK, Europe, North America, and Asia.

Last month, APM announced the strategic acquisition of Equus Workforce Solutions, an employment services provider in the US. WAM explained this will allow the ASX share to "materially expand its existing footprint in the North American market".

The cash consideration for this acquisition is $225 million. In FY22, this business generated $47 million of earnings before interest, tax, depreciation and amortisation (EBITDA) which implies it would add low double-digits to APM's earnings.

WAM said:

The US is an attractive market for APM with funding increasing across most major government programs and the acquisition accelerating growth opportunities.

The post 2 undervalued ASX shares that are growth opportunities: fund manager appeared first on The Motley Fool Australia.

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

Cedar Woods Properties Limited (ASX: CWP)

The Cedar Woods share price is down 8% to $3.96. This has been driven largely by the property company's shares trading ex-dividend this morning for its latest dividend. Eligible shareholders can now look forward to receiving Cedar Woods' 14.5 cents per share dividend next month on 28 October.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price has continued its slide and is down a further 6% to $1.12. Investors have been selling this lithium developer's shares despite the release of a positive business update this week. Not even a bullish note out of Macquarie has been able to stop its shares from falling. Macquarie has an outperform rating and $1.80 price target on its shares.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is down over 2.5% to 56.5 cents. This has also been driven by this department store operator's shares trading ex-dividend this morning. Eligible Myer shareholders will be paid the company's fully franked 2.5 cents per share final dividend on 7 November.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix share price has sunk 19% to $4.38. This morning this biopharmaceutical company revealed that it has withdrawn its marketing authorisation application in Europe for its investigational product Illuccix. This followed a late request for more data from regulators that could not be fulfilled.

The post Why Cedar Woods, Core Lithium, Myer, and Telix shares are sinking appeared first on The Motley Fool Australia.

As we near the end of the month, the number of companies in the S&P/ASX All Ordinaries Index (ASX: XAO) turning ex-dividend is dwindling.

Nonetheless, there will be two high-yielding ASX All Ords shares going ex-dividend tomorrow.

In other words, these companies will be taking away entitlements to their upcoming dividend payments. Let's check them out.

Myer Holdings Ltd (ASX: MYR)

First up, ASX retail share Myer will be trading tomorrow without a fully franked final dividend of 2.5 cents per share.

That means that today will be the last day to lock in this dividend. As of tomorrow, investors buying Myer shares will be doing so without entitlements to the upcoming dividend, which will be paid on 7 November.

But accordingly, Myer shares will likely drop tomorrow as the value of the dividend leaves the share price.

Myer operates on a slightly different financial calendar than the rest of the ASX. Its financial year ends in July, so the department store handed in its FY22 results a couple of weeks ago.

Despite 11% of trading days in lockdown, Myer achieved total sales of nearly $3 billion, up 12% from the prior year.

Adjusted net profit after tax (NPAT) more than doubled to $60 million, capped off by Myer's best second-half profit result in the company's history.

Prior to this year, Myer last doled out dividends in FY17. It reinstated dividends back in February when announcing its first-half 2022 results, with CEO John King commenting:

Myer will pay a dividend for the first time in four years, demonstrating our confidence in the momentum being built as we move into the second half, with a return to sales growth in the first five weeks of second half with trade up 15.2% and a strong platform of future initiatives that are yet to be delivered as part of the Customer First Plan.

In the end, Myer declared total dividends of 4 cents per share in FY22, fully franked. This means that Myer shares are currently spinning up an eye-catching trailing dividend yield of 7.1%. Including franking credits, this yield grosses up to 10.2%.

Cedar Woods Properties Limited (ASX: CWP)

Next up, property developer Cedar Woods is another ASX All Ords share going ex-dividend tomorrow. 

The company released its FY22 results last month, hiking its final dividend by 7% to 14.5 cents, fully franked.

Investors on Cedar Woods' share registry at the end of today will receive this payment on 28 October.

FY22 was a year of growth for Cedar Woods. Revenue lifted by 11% to $333 million, while NPAT came in ahead of guidance at $37 million, up 14% from the prior year.

The company noted that its projects experienced 'good' demand during the year across the four states it operates in and most product types. However, sales rates have weakened in recent months in response to interest rate increases.

Nonetheless, the company entered FY23 with $500 million of presales contracts. Around 70% of these contracts are expected to settle in FY23.

The profit growth Cedar Woods achieved in FY22 translated to an uplift in dividends. Across the financial year, the company raised its total dividends by 4% to 27.5 cents, fully franked. This represents a dividend payout ratio of roughly 60% of NPAT.

Based on current prices, this ASX All Ords share is printing a trailing dividend yield of 6.7%. With the benefit of franking credits, this yield dials up to 9.6%.

The post Here are 2 ASX All Ords shares going ex-dividend tomorrow appeared first on The Motley Fool Australia.

The S&P/ASX All Ordinaries Index (ASX: XAO) closed in the red on Friday, down 1.9% to just below 6,789 points. But as is often the case, a few ASX All Ords shares defied the index and ramped higher today.

Let's take a look.

KMD Brands Ltd (ASX: KMD)

The first All Ords share we'll take a look at today is KMD Brands. Formerly known as Kathmandu Holdings, KMD Brands is the mob behind popular retail brands Kathmandu, Rip Curl, and Oboz. Today the KMD Brands share price had a 1.66% bump to 92 cents. There was no news from the company today. However, on Tuesday it released its FY22 full-year results and announced a final dividend of 3 NZ cents per share.

KMD Brands reported a 6.5% bump to its gross underlying profit, compared to FY21, at NZ$576.7 million. But operating expenses were 12.2% higher, contributing to a 33.7% dip in underlying net profit after tax (NPAT). Given the impact of COVID lockdowns on ASX retail shares, perhaps the market expected worse and that's why KMD shares have risen by almost 4% this week.

Myer Holdings Ltd (ASX: MYR)

Myer had a rocking day on the market closing up 3.5% to 59 cents. This one is a bit of a mystery though. There's been no price-sensitive news from the All Ords retail giant today, or even this week.

Last week Myer dropped its FY22 full-year report, in which the company revealed an NPAT of $60.2 million, 103.8% higher than FY21 (adjusted for Jobkeeper). It declared a final dividend of 2.5 cents per share. So far in FY23, CEO John King says Myer has had "… our best sales start to a financial year since 2006".

Paradigm Biopharmaceuticals Ltd (ASX: PAR)

This ASX biotech share was another star performer amongst the All Ords shares today. The Paradigm Biopharmaceuticals share price rose by 1.6% to $1.27. While today's price movement is also a mystery, we note that a change of director's interest notice was filed on Monday for CEO and Founder Paul Rennie.

The notice showed Rennie participated in the company's recent entitlement offer by purchasing 100,410 shares through a personal investment trust and another 133,435 shares through his superannuation fund. The total consideration was more than $300,000. The entitlement offer raised $66 million. The capital raise will be used to support the company's phase 3 clinical program and other activities through to 2024.

The post 3 ASX All Ords shares that marched higher on Friday appeared first on The Motley Fool Australia.

In response to the department store operator's full year results, its shares have dropped 3% to 61.5 cents.

Though, it is worth highlighting that the Myer share price rose 6% yesterday despite the market selloff.

Myer share price down despite doubling profits

• Total sales up 12.5% to $2,989.8 million (comparable sales up 15%)
• Online sales up 34% to $722.8 million
• Operating gross profit growth of 8.5% to $1,145.2 million
• Net profit after tax up 103.8% to $60.2 million excluding JobKeeper
• Fully franked final dividend of 2.5 cents per share, bringing full year dividend to 4 cents per share
• Net cash up to $74 million
• Outlook: Strong start to FY 2023

What happened in FY 2022?

For the 12 months ended 30 July, Myer reported a 12.5% increase in sales to $2,989.8 million. This was driven by a 15% lift in comparable store sales and a 34% jump in online sales to $722.8 million. The latter now represents almost 25% of its overall sales.

This was underpinned by its addition of almost 600,000 new active customers in FY 2022, bringing its total active customers to 3.7 million. Importantly, the new additions were largely from younger demographics.

Myer's operating profit grew a touch slower at 8.5% to $1,145.2 million. This reflects a 141-basis points reduction in its margin to 38.3% due to COVID-related supply chain costs and increased promotional activity.

Nevertheless, on the bottom line, the company reported a 103.8% increase in net profit after tax to $60.2 million if JobKeeper support is excluded from the prior year.

This allowed the Myer board to declare a fully franked 2.5 cents per share final dividend, which brought its full year dividend to 4 cents per share.

Management commentary

Myer's CEO, John King, was very pleased with the company's performance in FY 2022

The full year results demonstrate again how the Customer First Plan continues to deliver and continues to gain momentum, with our best second half profit result in nearly 10 years and another dividend paid to our shareholders.

We have clearly established strong digital and data credentials in recent years, evidenced by the growth in online and MYER one, however the true strength of our business is its multi-channel opportunity. The combination of our online performance and our store network returning to growth has allowed us to navigate the early challenges in the year and importantly capitalise on the new opportunities arising.

Outlook

King revealed that Myer's dividend payment is a sign of confidence in the company's outlook, particularly given its incredibly positive start to FY 2023. He commented:

Myer will again pay a dividend demonstrating our confidence in the momentum being built as we move into FY23, with department store sales growth in the first six weeks up 74.8% against last year and 21.8% over pre COVID levels demonstrating our best sales start to a new financial year since 2006.

Despite the broader economic uncertainty, we are well placed with the right value based proposition of affordable and aspirational brands, a performing store and online offer underpinned by a leading loyalty program providing greater value and choice for our customers.

The post Myer share price falls despite FY22 profit surge appeared first on The Motley Fool Australia.

Four ASX shares that have managed to avoid the selloff and push higher today are listed below. Here's why they are rising:

Leo Lithium Ltd (ASX: LLL)

The Leo Lithium share price is up over 8% to 73.2 cents. This is despite there being no news out of the lithium explorer. Today's gain means that Leo Lithium's shares are now up a massive 35% since this time last month.

Myer Holdings Ltd (ASX: MYR)

The Myer share price is up 7.5% to 64.5 cents. Once again, this is despite there being no news out of the department store operator. Myer's shares are also on a very positive run and are now up by 23% since this time last month. Investors appear optimistic that the company will release a strong full year result in the coming days.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals Ltd share price is up a further 4.5% to $6.79. Investors have been buying this biotech company's shares this week after the US Food and Drug Administration (FDA) accepted for review the New Drug Application (NDA) of trofinetide for the treatment of Rett syndrome. In response, this morning Bell Potter retained its speculative buy rating with an improved price target of $8.60.

Peter Warren Automotive Holdings Ltd (ASX: PWR)

The Peter Warren share price is up almost 15% to $2.89. This follows news that SMA Motors has picked up ~15.7 million shares from Quadrant Private Equity for $50 million on Tuesday. SMA Motors paid an average of approximately $3.19 per share for the stake. This represents a massive 25.6% premium to where the Peter Warren Automotive share price was trading at yesterday's close. SMA Motors is the name behind Sutton Motors, which is one of Sydney's largest dealer groups.

The post Why Leo Lithium, Myer, Neuren, and Peter Warren shares are rising today appeared first on The Motley Fool Australia.