What did GR Engineering Services report?

• Completed a $100 million institutional placement at $6.10 per new share
• Placement price is a 3.3% discount to the last traded share price
• Strong support received from both existing and new institutional investors
• Share Purchase Plan (SPP) for eligible shareholders to raise up to $10 million, also at $6.10 per share
• Use of funds to strengthen the balance sheet and support ongoing projects

What else do investors need to know?

The new shares under the placement will be issued using the company's existing placement capacity under ASX Listing Rule 7.1. Settlement is expected on 1 September 2026, with the shares to be allotted on 2 September 2026.

The SPP offers eligible Australian and New Zealand shareholders the chance to subscribe for up to $30,000 worth of new shares each, free of brokerage or transaction costs. The SPP opens on 2 September 2026 and closes on 23 September 2026, with shares expected to be allotted on 30 September 2026.

What did GR Engineering Services management say?

Managing Director Tony Patrizi commented:

We are pleased with the strong support we received for the Placement from our existing and new institutional shareholders. We thank existing shareholders for their continued support and welcome our new investors. This funding will strengthen the balance sheet and ensure that the Group is well-positioned to deliver on the contracted and near-term pipeline of work.

What's next for GR Engineering Services?

The company intends to use the new funds to reinforce its financial position and enhance flexibility as it delivers current contracts and pursues growth opportunities. Management signalled that GR Engineering Services will remain focused on executing its project pipeline and exploring value-accretive opportunities for future growth.

Further details about the placement, SPP, and intended use of funds can be found in the announcements released on 24 August 2026.

GR Engineering Services share price snapshot

Over the past 12 months, GR Engineering Services shares have risen 65%, outperforming the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post GR Engineering Services completes $100 million placement and share purchase plan appeared first on The Motley Fool Australia.

What did GR Engineering Services report?

• FY26 revenue rose to $493.2 million (FY25: $479.0 million)
• EBITDA reached $63.1 million, up from $57.2 million in FY25
• NPAT increased to $39.0 million (FY25: $34.2 million)
• Final dividend lifted to 13.0 cents per share, full year total 25.0 cents (fully franked)
• Year-end cash position of $87.9 million with no debt
• Strong operating cashflow of $62.7 million for the year

What else do investors need to know?

GR Engineering has been awarded more than $1.0 billion in new contracts since 1 April 2026, supporting a robust pipeline into FY27 and FY28. Key contract wins cover a diversified commodity base, with over 60% of FY27 revenue expected from non-gold projects.

To fund growth and recent contract wins, the company announced a placement aiming to raise up to $100 million plus a $10 million share purchase plan. Together, these moves are set to boost pro-forma cash to $197.9 million post-raising, maintaining the company's debt-free posture and providing flexibility for acquisitions and IT upgrades.

What's next for GR Engineering Services?

Looking ahead, GR Engineering is forecasting FY27 revenue in the range of $825 million to $850 million. Over 90% of this guidance is already secured through existing contracts, underpinning strong confidence in future earnings.

The company's focus remains on delivering contracted work across a growing pipeline, expanding across multiple commodities, and deploying new capital into operational capabilities and potential acquisitions.

GR Engineering Services share price snapshot

Over the past 12 months, GNG Engineering shares have risen 41%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

View Original Announcement

The post GR Engineering Services posts record FY26 result and lifts dividend appeared first on The Motley Fool Australia.

What did GR Engineering Services report?

• Secured a $275 million engineering, procurement and construction (EPC) contract for the Yitirrti Project
• Project client is Venturex Sulphur Springs Pty Ltd, a subsidiary of Develop Global Limited (ASX: DVP)
• Early works and ordering of long lead items had previously commenced
• The project involves a 1.5 Mtpa copper-silver-zinc operation in Western Australia

What else do investors need to know?

GR Engineering announced its appointment as Preferred Contractor for the Yitirrti Project back in June, but today's contract execution locks in the full $275 million EPC value. Early works had already kicked off, signalling steady operational momentum.

The company continues to bolster its order book with key projects across different commodities, expanding its pipeline and providing forward revenue visibility. This contract highlights GR Engineering's ongoing partnerships with established industry names such as Develop Global.

What did GR Engineering Services management say?

Managing Director Tony Patrizi said:

GR Engineering is pleased to be working again with the Develop team. This project further enhances GR Engineering's reputation as the leading minerals processing EPC contractor in Australia across a broad range of commodities.

What's next for GR Engineering Services?

With the new EPC contract now in place, GR Engineering will progress into full-scale project delivery at Yitirrti, building on work already started. The company is likely to maintain momentum as it executes its robust pipeline of mining and processing projects.

Management's focus remains on securing further contracts in key sectors and leveraging its reputation to drive sustainable growth in coming years.

GR Engineering Services share price snapshot

Over the past 12 months, GNG Engineering shares have risen 38%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post GR Engineering Services lands $275m Yitirrti project contract appeared first on The Motley Fool Australia.

What did GR Engineering Services report?

• Secured a $229.5 million engineering, procurement, and construction (EPC) contract for the Yandi project
• Scope includes upgrade of the primary crushing circuit and a new 20 Mtpa two-stage crushing plant
• Paradigm Engineers Pty Ltd will provide specialist electrical and instrumentation services
• Early engineering works and ordering of long lead items have commenced

What else do investors need to know?

This project is part of the broader Ministers North Project in the Pilbara, which is still subject to regulatory approvals. GR Engineering has experience working with BHP on previous projects, supporting a strong ongoing partnership.

The inclusion of Paradigm Engineers, a GR Engineering subsidiary, highlights the company's integrated service offering and its growing process controls business. This contract adds to the company's order book for FY2027 and demonstrates demand for its specialist capabilities in the resources sector.

What did GR Engineering Services management say?

Managing Director Tony Patrizi said:

We are pleased to have been engaged by the Yandi joint venture to play a key role in the development of the Ministers North Project. We have worked with BHP on multiple projects over the years and see this award as a strong endorsement of our proven EPC capabilities. We look forward to continuing to work collaboratively to deliver a safe and successful outcome on the Ministers North Project.

What's next for GR Engineering Services?

Work at the Yandi site continues, with early engineering and procurement activities underway. The broader Ministers North Project is still awaiting regulatory sign-off, which remains a key milestone.

GR Engineering's pipeline appears strong, supported by repeat business with major miners and expanded specialist offerings through its subsidiaries. The company may benefit from increased activity in WA's resources sector if approvals progress as planned.

GR Engineering Services share price snapshot

Over the past 12 months, GR Engineering Services shares have risen 48%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

View Original Announcement

The post GR Engineering Services wins $229.5m BHP Yandi EPC contract appeared first on The Motley Fool Australia.

In early morning trade on Monday, Barton Gold shares are down 0.6%, trading for 79 cents apiece. This sees the share price down 39.7% year to date.

For some context, the All Ordinaries Index (ASX: XAO) is down 0.1% today and up 0.1% this year.

The ASX All Ords gold stock has faced a few tailwinds this year.

Among those was the somewhat dilutive capital raising in June. The miner has also faced a declining gold price, with the yellow metal down 24% since its 28 January peak.

And Barton Gold is still primarily an explorer waiting to transition to a producer to take advantage of the still historically high gold price. (Despite the sizeable retrace since late January, the current gold price of US$4,141 per ounce remains up 23% since this time last year.)

Speaking of becoming a producer, today the miner announced that it's taking a big step towards making that transition.

ASX All Ords gold stock appoints GR Engineering

In what could be a welcome longer-term development, Barton Gold reported that it has started a Pre-Feasibility Study (PFS) at its Tunkillia Gold Project, located in South Australia. ,

The ASX All Ords gold stock has appointed GR Engineering Services Ltd (ASX: GNG) to lead the PFS.

In May Barton Gold's Optimised Scoping Study (OSS) revealed that Tunkillia has the potential to produce around 120,000 ounces of gold and 260,000 ounces of silver annually.

At current gold and silver prices, the miner said that Tunkillia is modelled to produce approximately $1.75 billion in operating profit during the first 27 months of production.

The miner's 60,000 metre reverse circulation (RC) and 3,000m diamond (DD) drilling campaigns are scheduled for completion in September 2026 to support JORC Resource upgrades and the PFS analyses.

What did Barton Gold management say?

Commenting on the commencement of the PFS that could support the ASX All Ords gold stock over the longer term, Barton managing director Alexander Scanlon said:

Tunkillia's OSS demonstrated the financial and capital leverage available to large-scale bulk processing operations, with robust economics driven by higher-grade 'Starter Pits' modelled to generate $1.75 billion operating profit during the first 2.5 years at current gold and silver prices and thus paying back development costs four times over during this time.

On the appointment of GR Engineering, Scanlon added, "We are pleased to be working again with GR Engineering, who delivered Tunkillia's 2025 Optimised Scoping Study to a very high standard."

Barton expects the PFS to be completed during the first quarter of calendar year 2027.

The post Guess which beaten-down ASX All Ords gold stock is pushing towards production appeared first on The Motley Fool Australia.

The high-flying miner in question is Medallion Metals Ltd (ASX: MM8).

Medallion Metals shares closed on Friday trading for 43 cents. In early morning trade today (the ASX was closed on Monday for King's Birthday), shares are changing hands for 41 cents apiece, down 4.7%.

For some context, the All Ords is down 1.5% at this same time, while the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is down a steep 6.7%, as investors mull over the implications of renewed Iranian and Israeli attacks over the weekend.

Despite today's retrace, the Medallion Metals share price remains up 57.7% since this time last year.

Here's what's catching investor interest today.

ASX All Ords gold stock on track for processing centre

This morning Medallion Metals announced that GR Engineering Services Ltd (ASX: GNG) has completed the Front End Engineering and Design (FEED) for the refurbishment and modification of its Cosmic Boy Concentrator (CBC).

The Cosmic Boy Concentrator is a former nickel processing plant that Medallion is working to repurpose into a gold-processing centre to process its Ravensthorpe Gold Project (RGP) ore in Western Australia.

The ASX All Ords gold stock said completion of the FEED confirms the Feasibility Study capital estimates for the refurbishment and modification of the CBC.

FEED is the final stage of engineering before moving forward with the Engineering Procurement and Construction (EPC) contract. Importantly, it provides the miner with the basis for EPC pricing and project execution planning.

Medallion Metals has now executed a $7.6 million Early Works Agreement with GR Engineering Services to advance the project's delivery.

The gold miner expects the EPC contract to be finalised in July.

With early works underway and long-lead equipment fabrication said to be "well advanced" ahead of planned treatment of RGP ore, the miner reported that CBC commissioning on RGP ore remains on track for the second quarter of calendar year 2027.

What did Medallion Metals management say?

Commenting on the ASX All Ords gold stock's CBC progress, Medallion Metals managing director Paul Bennett said, "It's a great credit to our technical team and our engineering partners that the detailed engineering phase has confirmed plant capital costs broadly in line with the Feasibility Study estimates."

Bennett added:

This provides the company with the confidence to commence early works ahead of finalisation of the EPC contract while maintaining the project schedule. With major lead items such as the secondary ball mill approaching completion and site preparation activities well advanced, we continue to build confidence in both the project budget and delivery timetable.

The post Up 58% in a year, ASX All Ords gold stock announces major WA milestones appeared first on The Motley Fool Australia.

At the time of writing, the GR Engineering share price is up 5.76% to $5.51.

Earlier today, the stock climbed as high as $5.62, marking a new all-time high.

Some profit-taking has since come through, but it has still been a strong day for shareholders.

GR Engineering shares are now up around 24% in 2026 and 92% over the past year.

The latest move comes as investors react to more contract work across the mining and processing sector.

Here's what was announced.

More work at Laverton

GR Engineering said it has locked in an engineering, procurement and construction contract with Brightstar Resources Ltd (ASX: BTR).

The contract relates to Brightstar's Laverton Processing Plant in Western Australia.

The company was appointed as the preferred contractor for the project on 17 February, and early works and long-lead item procurement have already commenced.

The contract sum is $110 million.

Brightstar also released its own update today, confirming a final investment decision for its Goldfields Project.

The company said construction of the 1.5 million tonne per annum Laverton plant has now been approved.

It also said first gold remains on track for June 2027.

Sorby Hills adds another contract

The Laverton contract was not the only update involving GR Engineering today.

Boab Metals Ltd (ASX: BML) also confirmed that it has executed an EPC contract with GR Engineering for its Sorby Hills silver-lead project.

Sorby Hills is located in the Kimberley region of Western Australia.

The contract covers the disassembly, refurbishment, and relocation of the existing DeGrussa processing plant to Sorby Hills.

Once moved, the plant will be reconstructed and commissioned to suit Boab's requirements.

Boab said the EPC contract has a value of $109 million.

Early engineering works and ordering of long-lead items have started, with construction teams expected to mobilise in the coming weeks.

The company said on-site development at Sorby Hills is ramping up, with commercial concentrate production still on track for the second half of 2027.

Why the new work stands out

The market appears to be rewarding the size and spread of the new work.

GR Engineering has now been linked to about $219 million of EPC contract work across the Laverton and Sorby Hills updates.

That is a decent amount of new work for a business that was worth about $887 million before today's rise.

It also comes during a busy run for the contractor, with recent work tied to the Dayhurst Expansion Project, Tower Hill Project, and Beetalo Basin.

The latest contracts also show GR Engineering is still finding work as miners move projects closer to construction.

The post Record high: This ASX stock is surging on new project wins appeared first on The Motley Fool Australia.

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

Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)

The Fisher & Paykel Healthcare share price is up 7% to $29.66. Investors have been buying this medical device company's shares following the release of a strong FY 2026 result. Fisher & Paykel Healthcare reported a 14% increase in total operating revenue to NZ$2.31 billion and a 24% increase in net profit after tax to NZ$469.5 million for FY 2026. The company's CEO, Lewis Gradon, said: "Our Hospital business performed strongly across the portfolio of therapies globally. We were especially encouraged by consumables growth, given it occurred during a period in which hospital admissions for seasonal respiratory illnesses in the United States and other major markets appeared to be subdued compared to the previous year. This suggests that changing clinical practice continues to be a strong growth driver."

GR Engineering Services Ltd (ASX: GNG)

The GR Engineering Services share price is up 5.5% to $5.50. This morning, this engineering services company won an engineering, procurement and construction (EPC) contract from Boab Metals Ltd (ASX: BML). This is in relation to the Sorby Hills Silver-Lead Project, which is located 50 km from Kununurra in Western Australia. The company estimates that the contract is worth $109 million.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is up 16% to $3.99. The catalyst for this has been the release of a trading update from the ecommerce company this morning. For the 10 months ended 30 April, Kogan reported total gross sales growth of 13.2% to $875.6 million and a 25.4% increase in group adjusted EBIT to $26.9 million. This was driven by a strong performance from the core Kogan business and a much-improved performance from the Mighty Ape business. It said: "The Company delivered a Group Adjusted EBITDA margin of 8.6%, towards the upper end of previously provided FY26 guidance, which includes the impact of the turnaround of Mighty Ape. This performance was driven by strong profitability within Kogan.com, which achieved Adjusted EBITDA margin of 11.5%, together with materially improved performance at Mighty Ape in the most recent four months to 30 April 2026."

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price is up almost 2% to $77.14. This may have been driven by a broker note out of Morgans. It has upgraded the Bunnings owner's shares to an accumulate rating (from trim) with a slightly improved price target of $81.10 (from $80.50). It said: "WES's share price has fallen 9% over the past 12 months and 7% over the past 6 months. The stock is now trading on a more reasonable 26.5x FY27F PE compared to a peak one-year forward multiple of ~37x in August 2025."

The post Why Fisher & Paykel Healthcare, GR Engineering, Kogan, and Wesfarmers shares are pushing higher appeared first on The Motley Fool Australia.

At the time of writing, the GR Engineering share price is up 4.15% to $5.02. By comparison, the S&P/ASX All Ords Index (ASX: XAO) is 1.70% higher to 8,862 points.

It has already been a strong year for shareholders, with the GR Engineering stock up around 12% in 2026.

When looking further out, the gain is closer to 75% over the past 12 months.

Here's what investors are looking at today.

A $229 million deal is now locked in

According to the release, GR Engineering has executed an EPC contract with Genesis Minerals (Leonora) Pty Ltd, a wholly owned subsidiary of Genesis Minerals Ltd (ASX: GMD).

The $229 million contract relates to the Tower Hill Gold Project in Western Australia. EPC stands for engineering, procurement and construction, which means GR Engineering will help take the project from design through to construction.

GR Engineering was appointed the preferred contractor in February, so the award was already on the market's radar.

The company did not provide an earnings upgrade with the update. But a $229 million contract is still significant for a company with a market capitalisation of about $845 million.

Why the deal adds confidence

New project awards are a key driver for GR Engineering because its work is tied closely to the resources sector.

The company provides engineering, design, construction, operations, maintenance, and advisory services. When miners approve new projects or expand existing sites, GR Engineering can pick up the work attached to that spending.

Managing Director Tony Patrizi said the company has a long track record of delivery in Australia's minerals sector.

He said GR Engineering looks forward to continuing its work with Genesis at Tower Hill.

Can the share price run continue?

Today's gain adds to a strong run for GR Engineering shares, which are now trading near the top of their 52-week range of $2.76 to $5.28.

The stock also has a dividend yield of about 4.8%, which may help explain some of the interest from income-focused investors.

The contract win gives GR Engineering another sizeable project and adds more visibility to its work pipeline.

But with the stock up 75% over the past year, expectations are higher now.

From here, attention will turn to project margins, delivery costs, and whether more contract wins can keep the run going.

The post Up 75% in a year, this ASX stock just landed a $229 million contract appeared first on The Motley Fool Australia.

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.