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

Betr Entertainment Ltd (ASX: BBT)

The Betr share price is up 3.5% to 29.5 cents. This follows news that the sports betting company is not giving up on its takeover approach for Pointsbet Holdings Ltd (ASX: PBH). Betr revealed that it plans to make an off-market, all-scrip takeover offer for all shares in PointsBet not already held. The offer will be 3.81 Betr shares for every 1 PointsBet share on issue. Betr's chair, Matt Tripp, commented: "This is a compelling opportunity to consolidate value in the Australian wagering sector. Our offer provides PointsBet shareholders with flexibility—either cash for immediate liquidity or the ability to participate in the long-term upside of the combined entity. We're offering real value, execution certainty, and the leadership experience needed to deliver."

Centuria Capital Group (ASX: CNI)

The Centuria Capital share price is up almost 2% to $1.74. This morning, analysts at UBS took their sell rating off this property company's shares and have upgraded them to a neutral rating with an improved price target of $1.81. UBS is feeling positive about the property sector due to falling interest rates and rising rents.

GR Engineering Services Ltd (ASX: GNG)

The GR Engineering Services share price is up almost 6% to $3.25. This morning, this engineering services company announced a new contract win. It has been awarded an engineering, procurement and construction (EPC) contract by AIC Mines Ltd (ASX: AIM) for the expansion of the existing Eloise copper processing facility in northern Queensland. Managing director, Tony Patrizi, said: "GR Engineering is pleased to have been selected by AIC Mines for the delivery of the Eloise Copper Expansion Project. GR Engineering has a strong track record of successful project delivery in Australia in the base and precious metals sector, including in northern Queensland. We look forward to working with the AIC Mines team on the Project as it expands its existing processing facility."

Mach7 Technologies Ltd (ASX: M7T)

The Mach7 share price is up 3% to 34 cents. This follows news that it has signed a five-year licence agreement amendment for a total contract value (TCV) of A$5 million. The medical technology company has signed the contract with a longstanding key customer, which is an unnamed large US-based radiology marketplace. Mach7 CEO Mike Lampron said: "The agreement highlights our focus on building lasting relationships with our customers and the importance of our 'land and expand' strategy. It also demonstrates the strength of our value proposition and the significant ROI that our diverse product offering delivers to our customers."

The post Why Betr, Centuria Capital, GR Engineering, and Mach7 shares are pushing higher appeared first on The Motley Fool Australia.

However, share investing doesn't have to be all about capital gains. Stock dividends can also provide a great source of passive income.

What's so great about dividends?

There are many benefits to dividend investing. While stock-picking investing strategies like growth investing or value investing are more hands-on and higher-risk, dividend investing is much more likely to suit 'set and forget' investors. There's no need to constantly check your share portfolio or closely follow the latest market news – just find a dependable dividend stock, kick back, and collect your dividend payments every six months.

And who doesn't like a little extra income in their pockets? It could supplement the income you receive from your day job, allowing you to work less and spend more time doing the things you love. Or, you could use it to save for a holiday, or even stick it in your emergency fund so you have the peace of mind that you can handle any unexpected expenses.

Plus, there are the tax benefits. Many ASX dividend shares come with franking credits which reduce the amount you have to pay at tax time.  

One of the best ASX dividend stocks

Mining services company GR Engineering Services Ltd (ASX: GNG) pays some of the juiciest dividends on the ASX.

In the last financial year, GR Engineering paid out a total of 19 cents per share to its shareholders as dividends (consistent with the prior year). Based on its current share price of $2.11, that's a dividend yield of 9% – grossed up for franking credits, you're looking at a yield of almost 13%!

This means that if you picked up 5,000 shares in GR Engineering (at a total cost of about $10,550), you could essentially be earning $113 in passive income a month – or $1,357 a year. That's the return airfare for your next international holiday right there!

What does GR Engineering do?

Headquartered in Perth, GR Engineering is a global engineering and consulting firm that services the mining and mineral processing industries. It helps mining companies design and build mineral processing plants and other related facilities.

While most of its major projects have been for mining companies in Western Australia, GR Engineering has also worked with clients in diverse locations such as the Solomon Islands, Türkiye, and Saudi Arabia.

Most recently, it was awarded a $25.7 million contract to design and construct the Woodlawn copper-zinc project in New South Wales, which is owned by ASX mining company Develop Global Ltd (ASX: DVP).

What about the risks?

With a total market capitalisation of just over $350 million, GR Engineering is a higher-risk investment than more established blue-chip dividend stocks like Transurban Group (ASX: TCL). This means its share price is probably going to be more volatile. But it does pay almost twice the dividend yield!

GR Engineering also relies on a healthy commodities market for its business. However, it isn't overly exposed to the price of any one resource – in the way that, say, Northern Star Resources Ltd (ASX: NST) is a pure play on the price of gold.

For example, if the gold price slumps, there might be less demand for new gold processing plants. However, if the price of copper goes up at the same time, there will be more demand for copper plants. Because it works with clients across the mining sector, GR Engineering's diversified customer base helps lower its business risk, ensuring it can earn consistent revenues over time.

However, the biggest near-term risk for the entire mining industry is the impending Trump presidency. If the incoming US president is true to his word and slaps substantial tariffs on all foreign imports, that could dampen local production industry-wide.

The worst outcome for Australian miners would be if the situation escalates into a major trade war with China and causes a significant slowdown in the Chinese economy.

As the largest buyer of Australian iron ore, gold, and copper, China is integral to the success of the local mining industry – so a drop-off in demand from China could signal tough times ahead for the whole sector, including companies like GR Engineering.

The post Buy 5,000 shares of this top ASX dividend stock for $100 per month in passive income appeared first on The Motley Fool Australia.

Over the past six months, the GR Engineering share price has dropped by nearly 20% due to weak investment sentiment in the mining sector, which has been affected by falling global commodity prices.

The decline in the GR Engineering share price continued as BHP Group Ltd (ASX: BHP) announced a temporary suspension of its West Musgrave Project in July 2024, in which GR Engineering was engaged.

Let's find out what GR Engineering reported today.

Profit growth despite weak revenue in FY24

Key financial highlights from the FY24 report included:

• Revenue decreased by 23% to $424.1 million
• Earnings before interests, taxes, depreciation, and amortisation (EBITDA) increased by 14.6% to $50.9 million
• Net profit after tax (NPAT) increased by 13.4% to $31.2 million
• Earnings per-share (EPS) for FY24 was 18.9 cents, implying a trailing price-to-earnings (P/E) ratio of 10x

GR Engineering saw its revenue drop from a year ago as contract awards were delayed, which was largely expected.

Despite lower revenue, the company maintained a solid EBITDA margin. This performance reflects strong operational results from its core business, GR Production Services and Mipac.

The company declared a final dividend of 10 cents per share, bringing the total FY24 dividends to 19 cents per share, consistent with the previous year.

This implies a trailing dividend yield of 10%. This dividend yield and its low P/E ratio indicate attractive valuations based on trailing numbers.

Management comments

Looking back on FY24, GR Engineering Managing Director MR Tony Patrizi said:

Project execution levels remain high as works continue on the Mungari Future Growth Project, Kathleen Valley Lithium Backfill Project and Kainantu Gold Project.

GR Engineering will work through a transition period with BHP with respect to the West Musgrave Project with operations to be suspended in October 2024 and handover activities to be completed by December 2024. GR Engineering will continue to support BHP during this process.

He also highlighted GR Engineering's strong project pipeline. He added:

GR Engineering's contracted and near term pipeline across the group is solid and is continuing to grow. GR Engineering is also currently involved in ongoing early contractor work and a high volume of studies across a broad range of commodities and geographies.

Based on the pipeline and the high levels of study work, GR Engineering's medium to long term visibility for project work remains high.

FY25 outlook not provided

Regarding the FY25 outlook, investors will have to wait until the company's Annual General Meeting (AGM), which will be held on 27 November 2024.

Previously, the company expected a revenue impact of up to $80 million in FY25 related to the West Musgrave Project.

Despite some uncertainties, GR Engineering shares are rising nearly 4% today on valuation merits.

The post Why is this beaten-up ASX All Ords mining share rising after FY24 results? appeared first on The Motley Fool Australia.

If you're looking for ASX small-cap ideas, now may be a good time to bargain-hunt good companies.

For those wanting to have exposure to the small-cap sector without taking too much risk, companies at cheap valuations might be a good option.

It's even better if they are consistent dividend payers, as dividend-paying companies tend to have solid cash flow and balance sheets.

Here are two such ASX small caps that might be worth consideration today.

GR Engineering Services Ltd (ASX: GNG)

Founded in 2006, GR Engineering provides engineering consulting and contracting services in the mining and mineral processing sectors. Its services encompass the project life cycle, from the initial study phase to design, construction, commissioning, and operational support.

As a mining services company, GR Engineering wasn't immune to the adverse impact of global commodity price weakness, which hit the ASX mining sector. Its share price took a hit when its client, BHP Group Ltd (ASX: BHP), announced a temporary suspension of its West Musgrave Project in July 2024.

Unfortunately, this was one of the large projects GR Engineering was engaged in. Management forecasts that the project suspension will affect its projected FY25 revenue by up to $80 million.

This is nearly 20% of the company's revenue in the last 12 months, and there's no denying this is substantial. However, it is largely a one-off event that happens in a cyclical industry. Surely, upcycle will return, lifting many mining and mining services shares.

GR Engineering has a strong balance sheet with an ample cash balance of $58.4 million, equivalent to 18% of the company's current market capitalisation.

GR Engineering shares are valued at 11x its trailing 12 months' earnings-per-share (EPS), offering a dividend yield of 10%.

The GR Engineering share price closed at $1.90 on Friday.

Aspen Group Limited (ASX: APZ)

Aspen Group is a diversified property group specialising in providing affordable accommodation solutions across Australia. The company owns and operates a portfolio of residential and retirement communities, as well as holiday parks.

Unlike the mining sector discussed above, the affordable housing sector has shown resilience even during economic downturns. Aspen Group's strategic focus on affordable accommodation positions it well to benefit from the country's ongoing housing supply shortage.

Its business model focuses on generating recurring rental income from its property assets, which provides a steady income stream. In addition, Aspen Group continues to explore growth opportunities through property developments and enhancements. This proactive approach enhances the company's growth prospects.

Although the Aspen Group share price has risen 9% since the end of May 2024, the company is still valued at 0.9x its book value.

Aspen Group offers an attractive dividend yield of 4.34% today.

The Aspen Group share price closed at $1.96 on Friday.

The post 2 ASX small caps to consider for high yields and bargain prices appeared first on The Motley Fool Australia.

One alternative that investors can consider is the mining services sector, which includes companies that provide various services to miners.

This approach can help mitigate the impact of commodity price fluctuations, but many of these ASX shares are in the small and mid-cap space, which may lead to higher volatility.

The GR Engineering Service Ltd (ASX: GNG) share price has fallen approximately 20% in about six months from its 52-week high of $2.45 on 12 February 2024.

This is a larger drop compared to bigger mining companies like BHP Group Ltd (ASX: BHP) or Rio Tinto Ltd (ASX: RIO), whose share prices have fallen approximately 10% during the same period.

However, the higher volatility may also present more opportunities to profit if a stock is undervalued unjustly.

Could this be the case for GR Engineering shares? Let's find out.

Why is the GR Engineering share price so low?

It is simply because no mining-related company can be completely immune to the commodity cycle.

GR Engineering shares have primarily traded between the $2.2 to $2.5 level since the beginning of the year despite weak commodity prices globally. However, the share price broke down to that level when mining giant BHP Group announced a temporary suspension of its Nickel West operations and the West Musgrave Project, as my colleague James highlighted.

GR Engineering had signed contracts with BHP to design and construct the West Musgrave Project, which could have been one of the company's most significant projects. GR Engineering expects this suspension will impact its expected FY25 revenue by up to $80 million.

Too cheap to ignore?

GR Engineering shares are valued at 11.5x its trailing 12 months' earnings per share (EPS). Its historical price-to-earnings (P/E) ratios ranged between 7.5x and 18x.

There is good news and bad news. The bad news is that GR Engineering's earnings fluctuated greatly in the past down cycles, indicating that future earnings might be lower, leading to a higher P/E multiple on a forward basis.

The good news is that the company has exposure to many gold-related projects, and the price of gold has increased by 25% in the past year, approaching its all-time high.

GR Engineering shares offer a dividend yield of 9.6%, which is attractive even if we consider some probability this might fall in the coming year in case its earnings fall.

The company also has a clean balance sheet with $58 million in cash, equivalent to 18% of its current market capitalisation. This means when you buy GR Engineering shares today for approximately $2, it will include 40 cents in cash and $1.6 for all its business operations.

The GR Engineering share price is down 0.25% today and is at $1.97 at the time of writing.

The post Down 20% and yielding 9%, is this ASX mining share a bargain? appeared first on The Motley Fool Australia.

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

GR Engineering Services Ltd (ASX: GNG)

The GR Engineering Services share price is down almost 4% to $2.03. This follows news that mining giant BHP Group Ltd (ASX: BHP) has temporarily suspended its Nickel West operations and the West Musgrave Project. GR Engineering had entered into contracts with BHP for the design and construction works of the West Musgrave Project in Western Australia. Given the timing of the suspension, there will be no impact in FY 2024. However, in FY 2025, GR Engineering is forecasting that revenue from the West Musgrave Project will be up to $80 million lower than expected.

Infratil Ltd (ASX: IFT)

The Infratil share price is down 1.5% to $9.93. This morning, this infrastructure investment company announced that it has elected to exercise its discretion to accept oversubscriptions for the retail component of its equity raising. Infratil is accepting an additional NZ$125 million of subscriptions, bringing the total amount raised under the retail offer to NZ$275 million. Combined with the institutional component, Infratil will now be raising NZ$1,275 million. The proceeds of the equity raising will be used to fund further investment into data centre operator CDC's accelerating growth as well as provide more flexibility for growth across its global portfolio.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is down 1.5% to $13.81. This appears to have been driven by some profit taking following strong gains on Thursday. Investors were buying ASX uranium stocks in response to news of a new uranium extraction tax increase in Kazakhstan. There are concerns that this tax increase could impact supply growth from the world's largest uranium producer, Kazatomprom.

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is down 3.5% to $95.37. Investors have been selling WiseTech Global and other high-flying ASX tech stocks today following a selloff on Wall Street's NASDAQ index overnight. Investors in the United States were rotating out of 2024's strongest performers and into other areas of the market. This led to the Nasdaq index dropping a sizeable 1.95% on Thursday.

The post Why GR Engineering, Infratil, Paladin Energy, and WiseTech shares are falling today appeared first on The Motley Fool Australia.

Companies with strong cash reserves not only have the flexibility to weather economic downturns but also the ability to seize growth opportunities when they arise.

For retail investors, identifying cash-rich companies can potentially provide a safer and more rewarding investment path.

In this article, I will spotlight two ASX shares with robust cash positions, which I think are attractive investments for those looking to add both stability and growth potential to their portfolios.

There are many ways to measure the strength of a company's cash position. However, here, I will mainly use the companies' reported net cash balance as a percentage of their market capitalisations as my guide.

Before jumping in, it's worth noting that this is my initial screening only and you should always do your own research or consult a financial advisor before making investment decisions.

With that said, here are two ASX shares I like based on their cash holdings relative to their market caps.

A2 Milk Company (ASX: A2M)

First up is A2 Milk Company. It is encouraging to see A2 Milk Company significantly recovering from its downturn in terms of its share price. The New Zealand infant formula business has managed to stage a substantial comeback from the hardships caused by the decline in its daigou market.

Daigou is the term used to describe individuals engaging in cross-border exporting. Many Chinese students in Australia sell premium Australian products back to China, including A2 Milk's formula, but this market was severely impacted by the reduction of international students in Australia during the pandemic.

As the share price chart below illustrates, the A2 Milk share price declined from a high of approximately $20 in July 2020 to a low of around $4 in May 2022. Then, from there, the share price has recovered by around 28% to over $7 today. While this is a remarkable recovery from the bottom price, the share price still remains at below half its peak price.

According to its FY24 half-year result, the company has gained a "significant" market share in the Chinese label infant formula over the prior few years, which supported its revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) growth.

A2 Milk has cash and short-term investments of NZ$792 million and a small debt position of NZ$57 million, including lease liabilities as of 31 December 2023. Its net cash balance of NZ$735 million accounts for approximately 13% of its current market capitalisation.

GR Engineering Services Ltd (ASX: GNG)

GR Engineering is a small Australian engineering and consulting firm that provides services to the mining and mineral processing industries.

The company specialises in designing, building, and managing mining projects, ensuring they run smoothly and efficiently. Known for its expertise and reliability, GR Engineering helps bring mining projects to life both in Australia and around the world.

GR Engineering shares have hovered around $1.80 to $2.40 per share since 2022 after surging from less than $1 in June 2019.

In February 2024, the mining services company had a total cash and short-term investments balance of $58 million. Thanks to its asset-light business model, GR Engineering doesn't hold much debt. Adjusting for that, the company had a net cash position of $48 million, equivalent to 13% of its current market capitalisation.

Recently, however, management cut its revenue guidance. It now expects FY2024 revenue in the range of $415 million to $430 million, down from its previous guidance of between $500 million and $530 million. While this is disappointing, the good news is that the company still expects its EBITDA to be between $50 million and $51 million, which indicates year-over-year growth in profit.

Foolish takeaway

A company's cash holding can be one factor to consider when looking for safety and potential returns. Here, I've reviewed two ASX-listed companies with strong cash reserves, which could help them to deliver stable growth through the thick and thin of business cycles.

The post 2 cash-rich ASX companies to buy now 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:

BHP Group Ltd (ASX: BHP)

The BHP Group share price is down almost 2% to $44.27. This has been driven largely by significant weakness in the mining sector today. In addition, the Big Australian pulled the plug on its proposed takeover of Anglo American (LSE: AAL) overnight after being refused an extension to its deadline for making a firm offer. Anglo American stated: "BHP has not addressed the Board's fundamental concerns relating to the disproportionate execution risk associated with the proposed structure and the value that would ultimately be delivered to Anglo American's shareholders."

GR Engineering Services Ltd (ASX: GNG)

The GR Engineering Services share price is down 4% to $2.09. This follows the release of a guidance update from the engineering services company this morning. Management advised that it now expects FY 2024 revenue in the range of $415 million to $430 million. This is down from its previous guidance range of $500 million to $530 million. The reduction in revenue guidance reflects delays in expected contract awards. One positive is that the company's EBITDA is still expected to be higher year on year and in the range of $50 million to $51 million in FY 2024. This is up from $44.4 million in FY 2023.

Novonix Ltd (ASX: NVX)

The Novonix share price is down almost 3% to 70 cents. This has been driven by broad weakness in the battery materials industry on Thursday after a poor night for peers on Wall Street. This has offset the release of a positive update on the company's Riverside facility. Novonix revealed that when the Riverside facility reaches its targeted capacity of 20,000 tpa, it expects to be achieving operating margins in the range of 23% to 30%. This excludes any benefits from Section 301 tariffs.

Pointerra Ltd (ASX: 3DP)

The Pointerra share price is down 5% to 3.6 cents. This morning, this technology company announced that it has received firm commitments from existing and new institutional, professional and sophisticated investors for a $2.05 million placement. These funds are being raised at a discount of 3.3 cents per new share. The proceeds will be used to advance the company's strategic objectives for FY 2025.

The post Why BHP, GR Engineering, Novonix, and Pointerra shares are dropping today appeared first on The Motley Fool Australia.

In morning trade, the lithium developer's shares are up 1.5% to $1.42.

Why are Liontown shares charging higher?

Investors have been buying the company's shares this morning in response to a project update.

According to the release, Liontown has signed an agreement with GR Engineering Services Ltd (ASX: GNG) for the Engineering, Procurement and Construction (EPC) contract at the Kathleen Valley Lithium Project.

This is for the delivery and commissioning of the Paste Plant facility to support the underground mining operations at Kathleen Valley.

The release notes that the Paste Plant will include two trains capable of producing up to 160m3 of paste per hour and has been designed to accommodate future expansion of mining operations to 4Mtpa.

Management highlights that the delivery of cemented paste fill is an integral part of the underground mining cycle at Kathleen Valley. That's because it maximises recovery of the underground orebody and planned production rates, as well as reduces the size of the surface tailings dam that would otherwise be required.

The Paste Plant has also been designed to facilitate dry stacking and water recovery. This further increases the amount of recycled water the site utilises.

What is the cost?

The EPC is valued at approximately $71 million according to the company.

The good news is that this forms part of planned and budgeted next stage of growth capital costs post first production and funding is covered by the recently announced $550 million financing facility.

And with everything else running on time, investors will be pleased to learn that GR Engineering Services has progressed the design, procurement and initial site works under an early works agreement. This is to ensure timely delivery of the Paste Plant.

Commenting on the agreement with GR Engineering Services, Liontown Resources' managing director and CEO, Tony Ottaviano, said:

We are pleased to award the contract for the design and construction of the Paste Plant which will support and further de-risk the planned underground production rates at Kathleen Valley. GRES has designed and constructed multiple paste plant facilities throughout Western Australia and the GRES team has mobilised and commenced initial works at Kathleen Valley.

It isn't just Liontown shares rising today. The GR Engineering Services share price has risen in morning trade on the back of this news. Its shares are now up by 23% since this time last year.

The post Liontown shares charge higher on lithium project update appeared first on The Motley Fool Australia.

How would you like your regular wages supplemented with $18,000 that you didn't have to work for? Sounds pretty good, right?

Let's see how the ordinary punter can get themselves to that position in just 10 years:

Let's create a diversified stock portfolio

Comparison site Finder recently conducted a survey that found the average Australian had $39,459 saved up.

So let's start with that to build a stock portfolio.

To grow it to a nest egg capable of producing $18,000 of passive income, I would choose a diversified basket of growth shares.

Note the word diversified. 

Experts say diversification is the only free lunch in investing because you don't want your success to all hinge on the fortunes or misfortunes of one particular sector or region.

Three examples of growth stocks ripe for long-term investing are Xero Limited (ASX: XRO), Camplify Holdings Ltd (ASX: CHL), and RPMGlobal Holdings Ltd (ASX: RUL).

I consider them quality businesses that are making great strides in expanding their revenue and profitability.

And they play in different sectors and geographies to provide decent diversification.

New Zealand company Xero makes accounting software for small and medium-sized business clients. Its biggest market is Australia and New Zealand but is growing its presence in North America and the United Kingdom.

Camplify's customers are consumers who are seeking short-term rentals of campervans from private owners. It's a platform like Airbnb Inc (NASDAQ: ABNB) but for recreational vehicles.

Big mining companies are the ones who buy RPMGlobal's technology and consulting services.

Add to it regularly and watch the investment grow 

Remembering that past performance is no indicator of what the future holds, let's take a look at how these shares went in recent years so we can hypothesise about how our portfolio could grow.

The Xero share price has gained more than 160% over the past five years, despite plunges during the first COVID-19 wave and the 2022 growth stock sell-off.

Camplify listed in late June 2021 and over the past three-and-a-bit years has rocketed 65%.

Meanwhile, RPMGlobal shares have soared in excess of 137% over the last half-decade.

All three have capital growth rates that exceed doubling of the share price in five years.

But let's be conservative with our calculations and assume our diversified portfolio can double each half-decade.

That equates to a compound annual growth rate (CAGR) of 14.87%.

This means that your $39.459 portfolio, with $100 added each month, could grow to a tidy $182,048.54 after 10 years.

Now we can get our grubby hands on some passive income.

Collect your passive income cheque every year

From this point, there are a couple of ways of harvesting passive income.

The straightforward method is to leave the portfolio as is and simply sell any gains made each year.

Even if the companies mature and the CAGR can't quite stay at 14.87%, a 10% return each year will allow you to pocket $18,205 of passive income.

Nice work!

The pro of this route is the simplicity in transition from growth to the income phase. The con is that the income could be quite volatile.

As we all know, share markets can have wildly fluctuating fortunes from year to year. That means that while the average payout could be $18,000, some years you might see nothing while other times you may receive an absolute windfall.

If you sought more stability in income, you may consider switching the portfolio over to ASX dividend shares.

Again, you'll want to buy a diversified set of stocks. A trio that I can think of are Abacus Group (ASX: ABG), GR Engineering Services Ltd (ASX: GNG), and Viva Energy Group Ltd (ASX: VEA).

They play in distinct industries — real estate, engineering, and energy — and offer excellent dividend yields of 17.4% unfranked, 8.8% fully franked and 9.7% fully franked respectively.

If you can average out a yield of 10% per annum from a basket of such income stocks, then you can also rake in $18,205 each year.

The downside of this approach is the research required to overhaul the portfolio, and potential capital gains tax implications from selling the growth shares.

But the advantage might be that the passive income flow will be more predictable year to year.

You will want to seek personal advice to choose the best route for your circumstances.

Best of luck with your investments.

The post How I'd invest $100 a month in ASX shares to aim for annual passive income of $18,000 appeared first on The Motley Fool Australia.

With such insecurity, it's no wonder many investors are seeking out passive income right now.

So which ASX dividend shares are the best placed to provide you regular income in the current market?

Check out these three suggestions:

'Energy deficits' will only mean one thing

Regular drivers would already be aware petrol prices are sky-high at the moment compared to even six months ago.

Despite the gloomy global economic outlook dampening demand, supply is deliberately being choked by the oil producing nations to elevate crude prices.

This is why Ampol Ltd (ASX: ALD) shares are trading 21% higher than when the year started.

The fuel distributor and retailer, despite the stock price rise, is paying out a sweet dividend yield of 7.43%, which is fully franked no less.

JPMorgan Chase & Co (NYSE: JPM) analysts this week expressed their bullishness on Ampol.

"Without increasing oil and gas capex, we risk energy deficits and acute inflation across the commodities complex.

"This may lead to multiple oil-led energy crises in this decade, potentially much more severe than the gas crisis seen in Europe in 2022."

Ampol shares enjoy wide popularity among professional investors. According to CMC Markets, eight out of 11 analysts currently rate the stock as a buy.

'A history of distributing attractive dividends'

GR Engineering Services Ltd (ASX: GNG) is not a household name among investors, but perhaps it should be.

The services provider is paying out an excellent 9% yield, which, like Ampol, is fully franked.

Argonaut and Euroz Securities both currently recommend the stock as a strong buy.

"The company has a history of distributing attractive dividends to shareholders," said Argonaut associate dealer Harrison Massey.

"The company has a strong future pipeline of work, and the current order book includes BHP Group Ltd (ASX: BHP)'s $312 million West Musgrave mine project."

The little doer going gangbusters across the ditch

As a New Zealand company, Fletcher Building Ltd (ASX: FBU)'s dividends are not franked at all.

But it's still yielding a very respectable 7.43%.

And with interest rate hikes potentially ceasing soon, the building industry could be on the way up.

All those projects will need supplies, and Fletcher Building could cash in.

The Motley Fool reported this month that the Kiwi outfit conventionally targets paying out 50% to 75% of net earnings.

Future prospects are apparently looking good, with a remarkable 10 out of 14 analysts rating Fletcher as a buy.

The post 3 ASX dividend shares I think are perfect for passive-income investors right now appeared first on The Motley Fool Australia.

That's because it could end up a stinker of an investment if it loses value and ends up eating away all the returns gained from the distribution.

So when an expert picks out specific high-yield dividend stocks as buys, you need to pay attention.

You don't want to miss a unicorn.

Here are two such selections revealed this week:

'A buying opportunity in a high quality business seeking growth'

Viva Energy Group Ltd (ASX: VEA) shares have sunk more than 6% since 11 September.

Seneca Financial Solutions investment advisor Arthur Garipoli believes this sell-off is the result of upheaval on the shareholder register, rather than anything sinister in the business.

"The share price of this petroleum distributor and operator of Coles Express has been weaker recently amid a major shareholder Vitol Investment Partnership selling a 16% stake."

But Garipoli told The Bull that the panic is overdone.

"Vitol Investment Partnership remains the biggest shareholder in Viva Energy and has indicated it doesn't intend to sell any further stake in VEA in the short to medium term."

The marvellous thing about the share price drop is that the dividend yield has now expanded to an amazing 9.09%.

And, of course, a tempting entry point.

"The share price fall provides long term investors with a buying opportunity in a high quality business seeking growth."

Five out of 11 analysts currently rate Viva Energy shares as a buy, according to CMC Markets.

'A strong future pipeline of work'

Meanwhile, Argonaut associate dealer Harrison Massey is bullish on GR Engineering Services Ltd (ASX: GNG).

That one has also dipped in recent times, to the tune of 7.63% since the start of September.

Massey cited a pleasing annual report as a reason why he'd back it in the long run.

"GR Engineering generated revenue of $551.4 million, EBITDA of $44.4 million and an EBITDA margin of 8.1% in fiscal year 2023, which beat analyst forecasts."

The fact is the engineering services provider has a bright outlook.

"The company has a strong future pipeline of work, and the current order book includes BHP Group Ltd (ASX: BHP)'s $312 million West Musgrave mine project."

Similar to Viva, the GR Engineering dividend yield is mouth-watering, currently standing at 8.72%.

"The company has a history of distributing attractive dividends to shareholders and paid out 19 cents in fiscal year 2023."

The small-cap stock is sparsely covered, but at least Euroz Securities agrees with Massey, with a strong buy rating.

The post 9% yield: 2 ASX shares to buy with 'attractive dividends' appeared first on The Motley Fool Australia.

However, after more than a year of outperformance, all the usual names are already pretty popular.

To get you thinking outside the square, here are two mining-related stocks with smaller market capitalisations that Argonaut associate dealer Harrison Massey rates as buys:

'A big pipeline of work'

GR Engineering Services Ltd (ASX: GNG) is not a resources producer itself but provides construction and procurement subcontractor services to mining clients.

And it's handing out a mouthwatering 9.64% dividend yield that's 100% franked.

Massey told The Bull he would buy the stock now.

"The engineering services company has entered into a binding term sheet with a subsidiary of Hastings Technology Metals Ltd (ASX: HAS) involving the construction of a plant and associated infrastructure for the Yangibana Rare Earths project worth $210 million."

He added that the outlook for GR Engineering was looking positive.

"The company continues to build a big pipeline of future work. The company's fully franked dividend yield is also appealing."

The GR Engineering share price is the same as 12 months ago.

According to CMC Markets, Euroz Securities also agrees with Massey that the stock is a strong buy.

22-bagger? Yes, please

Meteoric Resources NL (ASX: MEI) is an exploration company, for those investors comfortable with that phase.

According to Massey, the company has much potential.

"Meteoric recently announced a global mineral resource estimate of 409 million tonnes of rare earths at 2626 parts per million at its Caldeira project," he said.

"The company has planned a further 100,000 metres of air core and diamond drilling to target high-grade areas within the current resource model."

On top of this, Meteoric Resources is currently "acquiring further licences surrounding the deposit". 

"Meteoric Resources is well capitalised, with $25 million in the bank."

Believe it or not, Meteoric shares have lived up to its name by multiplying 22 times over the past 12 months.

Most of that rise has come since December, when information about the Caldeira site came to light.

The post 10% yield! 2 ASX shares to get rich from a mining boom appeared first on The Motley Fool Australia.

As you're likely aware, the S&P/ASX 200 Index (ASX: XJO) copper miner is being pursued by global mining giant BHP Group Ltd (ASX: BHP).

BHP made its first acquisition offer on 8 August, offering $25 cash for the copper miner's shares.

That offer was rejected by the board. But BHP didn't walk away.

Yesterday OZ Minerals shareholders voted on an improved offer of $28.25 per share. More than 98% voted in favour of the acquisition deal, which values the copper stock at $9.8 billion.

But as we said up top, that hasn't seen the company's operations slow down.

What are the latest developments?

In an ASX release this morning, GR Engineering Services Ltd (ASX: GNG) announced that it's entered into two contracts with OZ Minerals Musgrave Operations – a wholly owned subsidiary of OZL.

The contracts involve designing and constructing the West Musgrave Mineral Processing Plant, located in Western Australia. Revenue on completion of the contracts is forecast to be $312 million over a two-year period.

"We are pleased to have been engaged by OZ Minerals to play a key role in the delivery of the world-class West Musgrave Project," said Tony Patrizi, managing director at GR Engineering.

Commenting on the deal, Debbie Morrow, project executive for OZ Minerals added:

We're delighted to be working with GR Engineering on the design and construction of the Minerals Processing Plant for the West Musgrave Project, which is set to be one of the largest, lowest cost, lowest emissions copper nickel projects.

GR Engineering is being contracted for engineering design, drafting, project management and commissioning, as well as structural, mechanical, piping, electrical and instrumentation construction works.

OZ Minerals share price snapshot

As you can see in the chart below, the ASX 200 copper stock enjoyed a big lift back in August following BHP's initial takeover offer.

Over the past 12 months, OZ Minerals shares are up 5%.

The post No signs of OZ Minerals slowing down as BHP takeover looms appeared first on The Motley Fool Australia.

But this gloom is certainly not extending to all corners of the share market. In fact, there are a few ASX All Ords shares that are knocking up new 52-week highs today. Let's go through some of them.

3 ASX All Ords shares hitting new 52-week highs today

NRW Holdings Limited (ASX: NWH)

Mining construction company NRW is our first All Ords share to check out today. This company has had a pretty pleasing day of trading so far this Friday. it's presently up a healthy 0.88% at $2.28 but rose as high as $2.30 earlier this afternoon. That is NRW's new 52-week high.

Now we haven't gotten any fresh news out of the company that might explain this new high. But NRW has been on the rise ever since reporting its results for the 2022 financial year back on 4 August. This included a guidance upgrade, so it's not hard to see why investors are excited.

Pacific Current Group Ltd (ASX: PAC)

Fund manager advisory company Pacific Current Group is next up. This All Ords share has had an even better trading session so far today. The Pacific Current share price is currently up a pleasing 5.93% at $8.58 a share.

But we saw this share price rise even more enthusiastically this morning, going as high as $8.77 – the new 52-week high. It's hard to see what might be sparking this rise, since there is again no fresh news out from Pacific Current since 29 July.

GR Engineering Services Ltd (ASX: GNG)

GR Engineering is our final ASX All Ords share to check out today. This company is… well, it's all in the name really. It provides engineering services mainly to the mining and construction industries. GR Engineering shares are currently up a robust 1.72% at $2.36 a share.

But we saw this share climb as high as $2.39 this morning, which is, you guessed it, the company's new 52-week high. No new announcements out here either, but this seems to be an extension of the incredible run GR Engineering has been on since late June.

Since 28 June, the company has gained close to 40%. That coincides with that is evidently a well-received guidance update for the 2022 financial year.

The post 3 ASX All Ordinaries shares celebrating Friday with new 52-week highs appeared first on The Motley Fool Australia.

During late morning trade, GR Engineering shares are fetching $1.885, up 7.10%.

GR Engineering eyes strong growth for FY22

Investors are driving up GR Engineering shares following the release of upgraded revenue guidance by the company.

In its statement, GR Engineering advised that favourable trading conditions have continued to run into the new financial year.

As a result, the company upgraded its revenue guidance for the period ending 30 June 2022. It expects its full-year revenue to come in between $540 million and $560 million, reflecting a sizeable increase.

Originally, GR Engineering had forecast FY22 revenue for the same period to be around $440 million to 460 million.

The company seems to have avoided the impact of the recent constriction of the labour market in Australia. It says it has managed to navigate its way through COVID-19, increasing its workforce to meet demand and deliver on projects.

GR Engineering managing director Geoff Jones touched on the company's improved revenue guidance, saying:

GR Engineering is forecasting significant growth on the record results achieved in FY21. The pipeline of ongoing and near-term work is growing and provides increased revenue and earnings visibility for both FY22 and FY23, enhancing GR Engineering's ability to deliver returns to its shareholders.

GR Engineering share price summary

Over the past 12 months, the GR Engineering share price has soared, representing an 85% gain for shareholders. Throughout the year, the company's shares have continued on an upwards trajectory.

It's worth noting that the GR Engineering share price is currently a whisker away from its multi-year high of $1.96.

Based on today's price, GR Engineering commands a market capitalisation of roughly $302 million with approximately 160.88 million shares outstanding.

The post GR Engineering (ASX:GNG) share price storms 7% higher today on FY22 guidance update appeared first on The Motley Fool Australia.

The GR Engineering share price is now trading at $1.64, a 12.71% jump into the green.

Let's uncover how GR performed this year.

GR Engineering share price lifts on record revenue and strong earnings

The company outlined a number of investment highlights in its report, including:

• Record revenue in FY21 of $392.4 million, also a 76.4% year-on-year growth schedule
• All-time record EBITDA of $37.2 million, up from $11.3 million the year prior
• Strong operational cash flows with cash at bank of $69 million – an 84% year-on-year increase
• Profit before income tax (PBIT) of $33.7 million, from a loss of $9.7 million
• Net profit after tax (NPAT) of $14.9 million, up from a loss of $4.7 million a year ago
• Final dividend of 7 cents per share, fully franked.

What happened in FY21 for GR Engineering?

The company outlined several progress points that could potentially impact the GR Engineering share price.

The most notable takeout from GR's FY21 earnings is that it recognised record revenue of $392.4 million, which also signifies a 76% year-on-year growth.

Moreover, the company also achieved its record EBITDA this year of $37.2 million, a 292% increase.

In addition, GR reversed the loss it posted in NPAT and PBIT last year, growing both figures to around $15 million and $34 million respectively.

Moreover, the company also detailed several project completions in FY21, such as the Thunderbox past plant project and the Lake Way Potash project.

As well, the company announced a final dividend of 7 cents per share, fully franked, up from 5 cents per share in April 2021 and 4 cents per share in October 2020. Thus, shareholders will enjoy total dividends of 12 cents per share for FY21.

As such, the company recorded earnings per share (EPS) of 14.9 cents per share, well up from a loss of 4.7 cents per share in FY20.

GR Engineering consequently left the year with a net operating cash flow of $49.5 million, up from $11.2 million the year prior.

What did management say?

GR Engineering managing director Geoff Jones said:

GR Engineering achieved multiple project completions in FY21 that were on time and on budget. The safe and successful delivery of these projects reinforces GR Engineering's reputation as a proven process engineering design and construction contractor.

Looking forward, Jones added:

Based on GR Engineering's strong order book and balance sheet, the business is well placed to continue to deliver returns to its shareholders through FY22 and FY23.

What's next for GR Engineering?

According to the company, GR has a "strong order book" that is concentrated in Australian projects.

Moreover, it has been "building its pipeline for both FY22 and FY23" and forecasts FY22 revenue in the range of $440 – $460 million.

In addition, GR's order book contains five works that "will continue into FY22", with an additional five work opportunities in the pipeline.

The GR Engineering share price has posted a year to date return of 32%, outpacing the S&P/ASX 200 Index (ASX: XJO)'s return of about 14% this year.

The post GR Engineering (ASX:GNG) share price lifts 12% on record FY21 revenue appeared first on The Motley Fool Australia.

During morning trade, GR Engineering shares are swapping hands for $1.38, up 3.76%. In earlier trade, the company's shares had lifted by almost 7% before retreating to their current level.

Projecting a record year

Investors are driving up GR Engineering shares following the release of upgraded earnings guidance.

In a statement to the ASX, GR Engineering advised revenue and margins have continued to improve in the second half. The constriction of the labour market in Australia has surprisingly not impacted the company. The business has managed to navigate its way through COVID-19, increasing its workforce to meet demand and deliver on projects.

As a result, FY21 revenue for the year ending 30 June, is expected to come in at between $370 million and $390 million. This represents more than an 8% lift from the previous revenue guidance of $340 million to $360 million.

GR Engineering noted it is focused on managing equipment deliveries in a timely manner despite international shipping delays.

Geoff Jones, GR Engineering managing director, touched on the company's performance, saying:

GR Engineering is projecting record FY21 revenue and EBITDA based on the year-to-date results and our current ongoing work. Given our project pipeline and near-term prospective work and continued strong cash generation, GR Engineering remains well placed to deliver returns to its shareholders through FY22 and FY23.

The company is scheduled to release its full-year results for the 2021 financial year on or around 24 August.

GR Engineering share price snapshot

During the past year, GR Engineering shares have moved on an upwards trajectory, slowly climbing to within reach of 2017 levels. The company's share price has delivered gains of almost 100% over the past 12 months and is up by around 13% year to date.

On today's price, GR Engineering commands a market capitalisation of roughly $222 million, with around 160 million shares outstanding.

The post Why the GR Engineering (ASX:GNG) share price is pushing higher today appeared first on The Motley Fool Australia.

The share price movement comes after the graphite producer and supplier reported on the completion of its capital raising.

What did Ecograf report on its capital raising?

In an announcement to the ASX this morning, Ecograf reported it has firm commitments from institutional, sophisticated and professional investors to raise $54.6 million (excluding costs).

Ecograf will issue around 91 million new fully-paid ordinary shares for 60 cents per share. That's a significant discount to the current 97 cents per share. Ecograf said that "a share purchase plan for all retail shareholders was not possible at this time".

The company plans to use the new capital to advance its battery anode material recycling programs as well as for the construction and operational commissioning of the first phase of its battery anode material purification facility in Western Australia.

Ecograf also intends to finalise the debt financing arrangements for its Epanko graphite mine.

On Monday, the company announced that GR Engineering Services Ltd (ASX: GNG) would provide the engineering design for its new battery graphite facility in Western Australia. That facility will use the EcoGraf purification technology to provide quality battery anode material products to lithium-ion battery and anode manufacturers.

According to the company, a key advantage of the EcoGra eco-friendly process is "the elimination of the use of toxic hydrofluoric acid (HF), providing customers with 'HF Free' battery products that support the increased focus on supply chain environmental, social and governance (ESG) requirements".

Ecograf share price snapshot

Though up and down for the day in morning trade, the Ecograf share price has been rocketing in 2021.

Shares really began to surge in mid-January, and year-to-date the Ecograf share price is now up an eye-popping 485%. But comparison the All Ordinaries Index (ASX: XAO) is up just over 2% in 2021.

Over the past 12 months, Ecograf shares have gained 1,144%.

The post Why is the Ecograf (ASX:EGR) share price on a wild ride today? appeared first on The Motley Fool Australia.

It will be interesting to watch how the company's shares perform today as investors digest this morning's update.

What did GR Engineering announce?

The GR Engineering share price will be in focus this morning after the company released a positive update.

According to this morning's release, GR Engineering advised that favourable trading conditions have continued throughout FY21.

As a result, the company upgraded its revenue guidance for the period ending 30 June 2021. GR Engineering now expects its full-year revenue to come in at between $340 million and $360 million, reflecting a sizeable increase on the original guidance.

Originally, GR Engineering had forecast FY21 revenue for the same period to be around $280 million to $300 million.

The company stated that its half-year results will be released on 24 February 2021.

Management commentary

Mr Geoff Jones, managing director of GR Engineering, touched on the company's robust performance, saying:

GR Engineering has been able to build on its strong finish to FY20 and is forecasting record revenue for FY21 with improved EBITDA margins. The pipeline of ongoing and near-term prospective projects remains solid and provides revenue and earnings visibility beyond FY21. The balance sheet has been strengthened and this has been underpinned by strong cash generation in the first half of FY21.

About the GR Engineering share price

Over the past 12 months, the GR Engineering share price has trekked higher, delivering a 28% gain for shareholders.

During March, GR Engineering shares fell to a multi-year low of 60 cents, before zooming on an upwards trajectory.

It's worth noting that the GR Engineering share price is currently a whisker away from its 52-week high of $1.26.

Based on the current share price, the company commands a market capitalisation of roughly $183 million.

The post Why the GR Engineering (ASX:GNG) share price will be on watch today appeared first on The Motley Fool Australia.