In order to receive a dividend, you must own the ASX share before its ex-dividend date.

As we've reported, some of the biggest dividend increases among ASX mining shares this season came from the gold miners.

Next week, two of them go ex-dividend.

Ramelius Resources Ltd (ASX: RMS) shares will pay a fully-franked interim dividend of 3 cents per share on 15 April.

This exceeds the company's commitment to pay a minimum annual dividend of 2 cents per share for FY26.

Ramelius Resources reported a 13% increase in EBITDA to $347.7 million but a 6% fall in net profit after tax (NPAT) to $160 million.

The ASX gold share goes ex-dividend on Monday.

Capricorn Metals Ltd (ASX: CMM) shares will pay a maiden fully franked interim dividend of 5 cents per share.

The gold miner reported a 130% jump in underlying NPAT to $144.8 million for 1H FY26.

The ASX gold share also goes ex-dividend on Monday.

Here is a sample of the other ASX All Ords shares with ex-dividend dates next week.

ASX shares about to go ex-dividend

The post 26 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

The funds management team at Wilson Asset Management have identified a few different names in its WAM Research Ltd (ASX: WAX) portfolio that could be good ideas.

WAM Research is a listed investment company (LIC) that looks to invest in the most compelling undervalued growth opportunities in the Australian market.

Let's look at two ASX stocks that WAM believes are buys at the current share prices.

Generation Development Group Ltd (ASX: GDG)

WAM describes Generation Development Group as a provider of wealth and retirement-related products and services across platforms, including managed accounts and investment bonds.

The fund manager noted that the ASX stock released its update for the three months to December 2025 last month, which showed "strong underlying operating momentum", including total funds under management (FUM) of $34.5 billion (up 36% year over year) and record quarterly gross inflows of $393 million (up 57% year over year).

This growth was driven by Generation Life, one of the company's three divisions, which offers investment bonds and lifetime annuities.

WAM noted that the Generation Development Group's share price fell sharply after delivering its quarterly update.

The fund manager believes that market commentary suggested the reaction was driven less by the headline growth numbers and more by "pre-existing investor positioning and valuation levels ahead of the results, coupled with investor sensitivity to the timing of inflows within the Evidentia Group business."

WAM then explained why it sees this as an opportunity and why it thinks it's a buy:

While lumpier in nature versus the traditional investment bonds business, we believe momentum within Evidentia Group remains strong and view the current weakness as opportunity to add to our position given our conviction in the medium-term growth profile.

Supply Network Ltd (ASX: SNL)

The other ASX stock highlighted within the WAM Research portfolio was Supply Network, an automotive parts distributor that's focused on specialist undercarriage parts for the independent repair market.

The fund manager noted that in late January, the business released an earnings forecast for the six months to 31 December 2025, leading to a rise in the Supply Network share price.

That forecast included expected overall sales revenue of $200 million, as well as net profit after tax (NPAT) guidance of $22.9 million. The company also announced a fully-franked interim dividend of 36 cents per share, which will be paid on 2 April 2026.

Aside from the numbers, why was this such a promising update from the ASX stock? WAM wrote:            

The update reinforced confidence in the business' earnings momentum heading into its half -year result expected in late February, with the fully franked dividend also highlighting balance sheet strength and cash generation.

The post Experts reckon both of these ASX stocks are good buys today! appeared first on The Motley Fool Australia.

With the August reporting season in the rearview mirror, dozens of companies have ex-dividend dates next week.

Here's a sample of the ASX shares going ex-dividend soon.

23 ASX shares going ex-dividend next week

How to make ex-div dates work for you

To receive an ASX company's next dividend, you must buy or already own the shares before the ex-dividend date.

If you're interested in buying a stock trading cum dividend, you have two options.

Buy it before the ex-dividend date, and earn a quick return with the upcoming dividend payment.

Alternatively, buy the stock on its ex-dividend date, when it will likely trade lower because the dividend entitlement is no longer attached.

We've seen examples of this recently, with CSL Ltd (ASX: CSL) shares dropping 2.15% on their ex-dividend date.

TV network owner Nine Entertainment Co Holdings Ltd (ASX: NEC) plummeted 36% yesterday after going ex-dividend, too.

Sometimes there are exceptions, like we are seeing with WiseTech Global Ltd (ASX: WTC) shares today.

The post 23 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

These businesses tend to share a common trait: durable competitive advantages, or "moats", that protect them from rivals. It is these moats that allow them to steadily grow earnings and reward shareholders through good times and bad.

Here are three such ASX shares that have delivered astonishing gains in recent years and may continue to do so for years to come.

Pinnacle Investment Management (ASX: PNI)

Over the past five years, Pinnacle's share price has climbed more than 300%. That means a $10,000 investment would now be worth over $40,000 — before counting the growing stream of dividends along the way.

So, what does this company do? Pinnacle operates a unique "multi-affiliate" investment management model. It provides seed capital, distribution, and infrastructure support to a select group of 15 investment firms, or "affiliates", spanning Australia, the UK, and North America. In return, it earns both service fees and a share of the profits from its equity stakes in these affiliates.

This selective model has proven very lucrative. For FY2025, Pinnacle reported revenue growth of 34% to $65.5 million and a 49% jump in net profit after tax to $134.4 million. Importantly, the company benefits when its affiliates outperform, as shown by the sharp increase in performance fees during the year.

The moat here comes from the ecosystem Pinnacle has built. Affiliates gain scale, distribution, and credibility by partnering with Pinnacle, while Pinnacle itself earns a diversified and growing income stream. It's a win-win structure that has delivered compounding returns for investors.

TechnologyOne (ASX: TNE)

TechnologyOne is another home-grown compounding machine. Its share price has surged more than 350% over the past five years, turning $10,000 into about $45,000 — and that's before dividends.

The company is Australia's largest enterprise software provider, offering a cloud-based SaaS platform used by over 1,200 organisations, including government agencies, universities, and corporations.

Its moat lies in deep customer integration and high switching costs. Once an organisation embeds TechnologyOne's software into its operations, moving to another provider is costly and disruptive. That translates into sticky, long-term relationships.

The numbers tell the story: In its FY2025 half-year result, TechnologyOne grew net profit after tax by 31% to $63 million, with annual recurring revenue rising 21% to $511 million. Even more impressive, it reported net revenue retention of 118% — meaning existing customers are spending nearly 20% more each year.

With a track record of investing heavily in R&D and a customer base unlikely to abandon mission-critical systems, TechnologyOne looks well-positioned to keep compounding well into the future.

Supply Network (ASX: SNL)

If you thought 300% or 350% share price gains were impressive, Supply Network has gone even further. Its shares are up more than 780% over the past five years — turning $10,000 into a staggering $88,000, excluding dividends.

The company operates under the Multispares brand, supplying replacement parts and services for trucks and buses across Australia and New Zealand. It may sound like a simple business, but the results have been extraordinary.

What's the secret? Distribution and repeat customers. Australia's truck fleet is old — the average vehicle is nearly 15 years — and increasingly complex, with tens of thousands of parts per unit. Supply Network has built a trusted distribution system that makes it the go-to provider for fleet operators.

This shows up in the numbers: revenue has grown at a 14% compound annual rate over the past decade, and even faster more recently, with 18% growth in the last half-year. Return on equity has topped 30% for three years running.

Management expects growth to moderate toward its long-term average but has set an ambitious target of $450 million in revenue by FY2028. Given its track record of hitting goals ahead of schedule, investors may not want to bet against it.

Foolish takeaway

These companies highlight why finding durable competitive advantages — moats — is so critical for investors. Pinnacle's affiliate network, TechnologyOne's sticky software, and Supply Network's unrivalled distribution have all enabled them to compound wealth for shareholders.

Past returns, of course, don't guarantee future performance. Valuations and market conditions will always play a role. But identifying quality businesses with clear moats, and waiting for the right price, can be a game changer for long-term investors.

The post 3 ASX compounding machines hiding in plain sight appeared first on The Motley Fool Australia.

The term '10-bagger' was first coined by Fund Manager Peter Lynch in his book One Up On Wall Street. Landing one of these is every investor's dream. 

Which stock just joined the exclusive club?

Supply Network Ltd (ASX: SNL) is up 1,058% over the past 5 years at the time of writing. 

This week, it reached a 52-week high of $40.35. On 8 May 2020, it traded at just $3.45. 

That means the company is a 10-bagger for those who invested 5 years ago.

Even for recent investors, it has been an incredibly successful investment. The company is up 94% over the past year and 22% for the year to date, far outpacing the S&P/ASX All Ordinaries Index (ASX: XAO), which is down 0.5% so far this year.

What has driven this run?

Supply Network has been around since 1976. It sells aftermarket truck and bus parts in Australia and New Zealand through its network of Multispares branches. The majority of its recent growth has come from its truck parts business. 

The company is supported by strong industry tailwinds, including Australia's ageing truck fleet, with the average truck nearly 15 years old. Trucks have also become increasingly complex in Australia, with up to 30,000 parts per vehicle. This has driven strong demand for the ASX All Ords company, with its 10-year compound annual revenue growth rate (CAGR) sitting at around 14%. Recently, it has been even higher, delivering 18% revenue growth in the most recent half.

Has the company peaked?

Management has stated that revenue growth is likely to moderate towards its 10-year average. However, new ambitious 3-year targets have also been set. The company is hoping to achieve $450 million in revenue by FY2028. Based on its history of hitting targets ahead of time, the company is well-positioned to continue delivering for its shareholders.

Other notable ASX 10-baggers

Supply Network certainly isn't the first ASX company to deliver 10-bagger returns for shareholders. CSL Ltd (ASX: CSL) rose from $13 in 2006 to more than $313 in 2023, rewarding its investors. Meanwhile, Pro Medicus Ltd (ASX: PME) increased from $26 in 2020 to an all-time high of $298 earlier this year. Telix Pharmaceuticals Ltd (ASX: TLX) has achieved 10-bagger status over an even shorter time frame. In fact, over the past 5 years, it is up a staggering 1,1723%, making it one of the biggest ASX 200 success stories.

The post Which ASX All Ords stock recently became a 10-bagger in 5 years? appeared first on The Motley Fool Australia.

On my way back from a recent trip to the US, I brought home a few boxes of See's Candies for friends and family. I got the peanut brittle, which reminds me more of Charlie Munger than Warren, but that's beside the point.

Source: Me. See's Candies gift I bought for friends and family.

It prompted me to re-read the 2007 Berkshire Hathaway shareholder letter, where Buffett explained why See's Candies was one of his all-time favourite investments. 

The short version? It was boring, capital-light, and ridiculously profitable.

Armed with this filter, I went looking for ASX companies that fit the mould.

Here are two that stand out for me:

The Proven One: Supply Network Ltd (ASX: SNL)

Supply Networks sells spare parts for trucks and buses. Not really exciting stuff, but that's the point.

Over the past five years, Supply Networks quietly delivered a +1,054% return plus a dividend to boot! This was driven by consistently delivering strong earnings growth and exceptional capital discipline.

Here's what makes Supply Networks similar to See's Candies:

• Repeat customers: Truck and bus fleets rely on Supply Network's product range and services, just like how chocolate lovers keep going back for more See's Candies.
  
• Highly profitable: Return on equity has exceeded 30% in each of the last 3 years, and earnings per share have consistently increased in each of the last 5 years.
  
• Boring but moaty: What makes a spare-parts seller so consistently profitable and at such high margins? Competitive advantage. Supply network has great distribution through its network of branches that operate under its Multispares brand. This gives it familiarity and builds customer habits in the same way that going to Woolies, Coles, or Aldi is like for grocery shoppers. 

One way, however, that Supply Networks is NOT like See's Candies is that it holds a lot of inventory. At last count, it had $115m of inventory, which is a large (but necessary) number for a company with only $33m of 2024 profit and $16.5m of net cash from operating activities.

See's Candies, on the other hand, keeps minimal inventories due to short production and distribution cycles.

The Emerging One: RPM Global Holdings Ltd (ASX: RUL)

RPM builds enterprise software for mining companies. These tools help with mine planning, asset optimisation, and operational decision-making.

It's been around for years, initially as a professional services provider, but it's been transforming into a high-margin software business with a growing stream of subscription revenue.

Here's why it reminds me of See's Candies:

• Quietly dominating: How many mining-specific software companies have you heard of? This is not an industry that generalists building software companies like to target, so RPM Global is very much off the beaten path, but it's making the most of it.
  
• Repeat customers: Just like Supply Networks before, RPM Global's subscriptions business earns its income from repeat customers who use its services over and over again.
  
• Consistent execution: RPM Global's management laid out the plan years ago to transform its operations into a mainly subscription software business. Credit where it's due: They have consistently executed that plan, and I think that will continue.
  

However, it's worth pointing out that RPM Global still has a lot to prove, and it's different from See's Candies in other ways, too. For example, the company is reinvesting a lot of cash to grow and develop its subscription software business, whereas See's Candies had limited reinvestment opportunities and would often return capital to its shareholders. 

The RPM Global share price is up 177% over the last 5 years and I think it can keep going. It has all the ingredients, and it's certainly one that I'm watching closely.

Final thoughts: Sweet lessons for smart investors

Buffett's love for See's isn't about chocolate (though I'm sure he loves that too!). It's about business.

You don't always need the highest-growth business with an engaging narrative. Sometimes, the best businesses are the ones doing essential things, quietly, for years, while compounding returns under the radar.

Supply Network has already proven it fits the mould. I think RPM Global may be next. Just like Buffett, I'll take a few sweet compounders on the ASX any day.

The post The See's Candies playbook for ASX investors appeared first on The Motley Fool Australia.

Yesterday, it reached an all-time high of $38.61.

This comes after the Supply Network share price doubled in 2024.

Over 5 years, the journey is even more impressive, with its share price up almost 1,000%!

So, what's behind this trajectory, and can it continue? Let's investigate.

What is Supply Network?

Founded in 1976, Supply Network sells aftermarket truck and bus parts in Australia and New Zealand through its network of Multispares branches. The majority of growth over the past decade has been in its dominant truck parts business, which it sources from leading European, American and Japanese suppliers. The company boasts over 20,000 customers. It also has low customer concentration, with its largest customer contributing less than 4% of revenue.

While this might not sound like the world's most exciting business, the industry tailwinds behind it might surprise you. This includes Australia's ageing truck fleet, with the average truck nearly 15 years old. Trucks have also become increasingly complex, with up to 30,000 parts per vehicle, fuelling strong demand.

Faultless Financials

Supply Network's financials are hard to fault.

It has an impressive track record of profitable growth. In the most recent half, revenue increased 18% to $171 million, while NPAT soared 32% to $20 million. It also offers an attractive dividend yield of 1.73%, and its return on equity (ROE) has been as high as 40% in recent years.

Taking a longer view, its 10-year revenue compound annual growth rate (CAGR) sits around 14%. 

While management has stated that growth is likely to moderate towards this long-term average, I wouldn't be surprised if this forecast was a little conservative. Here's why. 

Their secret weapon: the management team

If there's one ASX management team I wouldn't bet against, it's Supply Network. With a history of underpromising and overdelivering, this team knows how to get things done.

They do it by flying under the radar, with a 'no frills' approach to investor communications. While many other ASX companies opt for glossy presentations, Supply Network is known for its basic communications format and rarely gives investor presentations. This is how they've managed to stay under the radar for so long.

CEO Geoffery Stewart (no relation!) has been at the helm since 1999, leading a team that consistently beats its own targets. The recent period was no exception, with management hitting their 3-year revenue target 18 months early.

Management has now set a new 3-year target to deliver $450 million in revenue by FY2028. 

Based on their track record, I'd say there's a high chance they'll surprise investors once again. 

Foolish Takeaway

While the market faces several headwinds, this ASX company has continued to power on.

Supply Network is arguably one of the highest-quality companies on the ASX. With a strong track record and an outstanding management team, it might be worth having a closer look at this under-the-radar ASX company.

The post Up nearly 1,000% in 5 years, can this ASX company go higher? appeared first on The Motley Fool Australia.

The definition of a market correction is a major index falling 10% from the most recent peak.

The ASX All Ords' most recent closing high was 8,825.1 points on 14 February.

Today, the All Ords is at 8,005.4 points, up 0.49% for the day and down 9.31% since the peak just one month ago.

The fall can be largely attributed to market uncertainty over how the US tariffs will impact global trade, economic growth, and inflation.

So, with capital growth prospects looking pretty grim right now, dividends may be at the forefront of investors' minds.

Following last month's earning season, a bunch of ASX shares will begin trading ex-dividend next week.

If you want to catch any of these dividend payments, you have to buy the relevant stock before it goes ex-dividend.

The Fool does not advocate buying ASX shares purely for their next dividend.

But if you've been watching any of these stocks for a while, and they pass your fundamental analysis test, then perhaps you might like to take advantage of market weakness and pick them up for a bit less while also qualifying for the next dividend payment.

So, here is a sample of ASX shares going ex-dividend next week.

21 ASX shares going ex-dividend next week

The post 21 ASX shares going ex-dividend next week appeared first on The Motley Fool Australia.

However, this belies the volatility we saw last month as stocks lurched back and forth on earnings reports.

As is typical during earnings season, many analysts updated their ratings on various ASX All Ords shares.

Here are eight ASX shares that analysts on CommSec bumped up to 'strong buy' status last month.

8 ASX All Ords upgraded to a strong buy rating in August

Worley Ltd (ASX: WOR)

The Worley share price is currently $14.85, down 0.77% for the day and down 14.8% in the year to date.

The global professional services company reported an underlying net profit after tax and amortisation (NPATA) of $416 million in FY24, up 27%. Aggregated revenue rose by 18% to a record $11.62 billion.

The ASX All Ords industrials share will pay a final unfranked dividend of 25 cents per share.

Zip Co Ltd (ASX: ZIP)

The Zip share price is currently $2.24, down 2.82% for the day. Its year-to-date growth is outstanding, with Zip shares flying 260.5% higher since 1 January.

The ASX All Ords buy now, pay later share fell on the day the company released its FY24 results last month.

However, this was likely due to profit-taking, with Zip revealing an impressive 52.8% increase in cash gross profit to $373 million. The Zip share price rebounded strongly the following day.

Viva Energy Group Ltd (ASX: VEA)

The Viva Energy share price is $2.92 on Tuesday, down 1.19% today and 17% lower in the year to date.

Goldman Sachs has a buy rating on this ASX All Ords energy share. The broker thinks the share price could lift to $3.60 over the next 12 months.

In a new note, the broker said:

We revise our 2024/25/26 EBITDA 0%/-7%/0%, our PT -4% to A$3.60/sh, and upgrade to Buy (from Neutral) on (1) Convenience earnings inflection targeting 18% EBITDA CAGR over the next 5 years, (2) Attractive valuation trading at ~7x EBITDA and a 16% discount to our SOTP valuation, (3) Strong refining margin capture over the next 12 months with Geelong at capacity and able to benefit from an expected recovery in middle distillate cracks.

Accent Group Ltd (ASX: AX1)

This ASX All Ords retail share is swapping hands for $2.27 today, up 2.03%. The Accent share price has lifted 15.6% in the year to date.

Bell Potter has a buy rating on the footwear retailer with a 12-month price target of $2.50.

Morgans has an add rating on Accent shares, with equity strategist Andrew Tang noting sales growth in the company's FY24 results despite a challenging retail environment.

Clinuvel Pharmaceuticals Limited (ASX: CUV)

This ASX All Ords healthcare share is currently trading at $15.54, down 0.77% for the day and 4.4% lower over the year to date.

The ASX biotech reported a net profit after tax (NPAT) of $50.7 million for FY24, up 11% year over year.

Mesoblast Ltd (ASX: MSB)

The Mesoblast share price is $1.08, up 2.1% for the day and up 249% in 2024 so far.

In its FY24 results last month, the company revealed a 17% fall in revenue to US$5.9 million and a net loss after tax of $88.1 million compared to an $81.8 million loss in FY23.

Investors are awaiting the outcome of Mesoblast's Biologics License Application (BLA) resubmission to the US FDA for its remestemcel-L drug.

The medicine is a potential treatment for children with steroid-refractory acute graft versus host disease. 

DroneShield Ltd (ASX: DRO)

The Droneshield share price is currently $1.40, down 4.78% for the day but up 268.4% year to date.

The counter-drone technology company revealed a 110% increase in revenue to $24.1 million but a net loss of $4.8 million in its half-year results last month.

Bell Potter has a buy rating on this ASX All Ords industrials share and an improved price target of $1.35.

The broker said:

We remain confident the company will deliver a significantly improved 2H performance based on 1) the significant level of inventory on hand to facilitate rapid fulfilment, 2) the historical seasonality of the business with >80% of CY23 revenue recorded in the 2H and 3) numerous near-term sales opportunities, including recently announced military aid packages.

Supply Network Ltd (ASX: SNL)

This ASX All Ords consumer discretionary share is changing hands for $29.50 on Tuesday, down 1.6%. The Supply Network share price has ascended 78.3% in the year to date.

Goldman Sachs has a buy rating on Supply Network. The broker has a 12-month share price target of $27.40 on the ASX All Ords small-cap share.

The post 8 ASX All Ords shares bumped up to 'strong buy' status in August appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) is rebounding on Tuesday, up 0.3% to 7,672.2 points at the time of writing. In earlier trading, the benchmark index lifted 0.84% to an intraday high of 7,713.7 points.

Meantime, ASX retail shares are leading the ASX 200 today, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) up 1.29%.

Let's check out the retail stocks that Goldman is backing for good share price growth in FY25.

5 ASX retail shares offering FY25 upside

Goldman Sachs has recently retained or upgraded the following ASX retail shares to buy ratings.

Domino's Pizza Enterprises Ltd (ASX: DMP)

Goldman has a buy rating on Domino's with a 12-month share price target of $41.30.

Domino's is one of the ASX 200's most beaten-up stocks in recent times. The pizza stock is down 49.5% year to date and 40.9% over the past 12 months.

However, yesterday, the ASX retail share outshone its peers as one of only two ASX 200 stocks to finish in the green. Domino's shares lifted 0.9% yesterday, while the ASX 200 tanked 3.48%.

The Domino's share price is currently $29.95, up 0.54%. This implies a potential 38% upside for investors who buy today.

Goldman says:

We see 2H24 results as still challenged, though expect an improving 1H25 outlook with Asia reverting to flat SSS in first 7 weeks, then 3% in 1H25.

Treasury Wine Estates Ltd (ASX: TWE)

Goldman is raising its glass to Treasury Wine shares with a 12-month target price of $14.70.

The Treasury Wine share price is up 9.21% in the year to date and down 1.06% over the past 12 months.

Treasury Wine shares slipped 3.89% yesterday. Today, the ASX retail wine share is up 0.78% to $11.68. Based on Goldman's target price, this implies a potential 26% upside in FY25.

Supply Network Ltd (ASX: SNL)

Supply Network shares are also among Goldman's ASX retail stocks to buy. The broker has a share price target of $27.40 on the consumer discretionary ASX small-cap stock.

Supply Network shares lost 5.18% of their value yesterday. The Supply Network share price is currently $24.05, up 0.38%.

Breville Group Ltd (ASX: BRG)

Goldman says Breville shares are a buy and has a 12-month price target of $30 on the ASX retail stock. The broker is expecting good results from the company this earnings season.

The broker says:

We see 2H24 sales +9.3% YoY (+3% vs Factset) on first-time US sell-in to Target, improving HSD EMEA sales and -1% APAC from sluggish ANZ though strong S. Korea.

Yesterday, Breville shares fell 4.28%. Today, the Breville share price is $28.38, up 2.23%.

Light & Wonder Inc. CDI (ASX: LNW)

Goldman reckons Light & Wonder shares will rise to $190 a pop over FY25.

The Light & Wonder share price fell 6.13% yesterday. The stock is currently trading for $153.98, up 0.61%.

Based on Goldman's tip, this ASX retail share offers a potential 23% upside for investors who buy today.

The post 5 ASX retail shares to buy (one with 38% potential upside) appeared first on The Motley Fool Australia.

Another crucial factor for minority shareholders is high insider ownership. When insiders, such as executives and directors, own a chunk of the company's shares, their interests align closely with those of smaller shareholders.

Their personal financial stake in the company's success often leads to decisions that aim to increase shareholder value.

With this in mind, here are three ASX companies with significant insider ownership that I recommend considering today.

Reece Ltd (ASX: REH)

If you've recently undertaken bathroom renovations, you may already be familiar with Reece. As a leading Australian distributor of plumbing, waterworks, and bathroom products, Reece has established itself as a go-to source for quality renovation supplies.

Established in 1920 by H.J. Reece, Reece has grown to become a dominant player in the Australian and New Zealand markets, with a significant presence in the US through its acquisition of MORSCO in 2018.

In 1969, the Wilson family became majority shareholders in Reece and currently owns at least 359 million shares, representing 55% of the company according to the FY23 annual report.

Reece's business model focuses on maintaining a broad product range, efficient supply chain management, and investing in digital transformation to enhance customer experience.

The company's revenues have grown from $5.5 billion in FY19 to $8.8 billion in FY23, while net profits after tax (NPAT) have doubled from $202 million to $388 million during the same period.

Reece is a consistent dividend payer, distributing approximately 38% of its FY23 profits to its shareholders, or 25 cents per share. This is equivalent to a dividend yield of 1% at the current share price.

Supply Network Ltd (ASX: SNL)

Supply Network distributes aftermarket parts for commercial vehicles. The company operates through its two main brands: Multispares, which serves Australia, and Globac, which serves New Zealand.

Supply Network provides a wide range of products, including brake, suspension, and engine components, primarily for the truck and bus industries.

It boasts a tight-knit, long-serving board, all with significant shareholdings. According to its FY23 annual report, the company's directors and senior managers own nearly 18 million shares, representing 42% of the company.

The founder, Greg Forsyth, holds a relevant interest in over 12 million shares, or 28% of the company. He has served as the chairman of the Board since 2010. Managing director and CEO Geoff Stewart has been at the helm since 1999. With an engineering background and more than 30 years of industry experience, he holds around 1.4 million shares.

With strong backing from insiders, the company's growth has been impressive. Between FY19 and FY23, its revenue doubled from $123.9 million to $252.3 million, as net profits after tax more than tripled from $8.7 million to $27.4 million. The return on average total equity has been high and growing, reaching 40% in FY23.

The Supply Network share price is traded on a price-to-earnings (P/E) ratio of 32x based on its trailing earnings over the 12 months to December 2023.

Pro Medicus Limited (ASX: PME)

Last but not least, Pro Medicus. This is a leading provider of radiology information systems (RIS), picture archiving and communication systems (PACS), and advanced visualisation solutions across the globe.

The company excels in the United States, the largest medical imaging market in the world. Between FY18 and FY23, its revenues quadrupled from $34 million to $127 million, driven by successful market penetration in both Australia and the US.

For instance, the North American region accounted for nearly 80% of its FY23 revenue. Thanks to this remarkable success, its net profits after tax soared from $10 million to $61 million during the same period.

There are many reasons behind this success story. Pro Medicus capitalised on the medical imaging industry's shift to digital with its innovative and efficient product offerings, positioning itself as a leader in the market.

Above all, however, I think having a solid management team with substantial share ownership was one of the important factors.

As noted in the FY23 annual report, executive key management personnel collectively hold 52.4 million shares, representing 52% of the company. Co-founders Dr Sam Hupert and Anthony Hall maintain a strong influence, each owning 24% of the company.

Dr Hupert co-founded Pro Medicus in 1983 as he recognised the potential for computers in medicine early on. He served as CEO from the company's inception until 2007, became an executive director, and resumed his role as CEO in 2010.

I must admit its current valuation is eye-watering, with a P/E ratio of 184x based on trailing earnings. However, the good news is that the company's earnings have been growing at an annual rate of 30% to 40% since FY21. If this growth continues, its future P/E ratio will become more reasonable.

The post 3 ASX shares with high insider ownership appeared first on The Motley Fool Australia.

It goes to show the value of staying invested through thick and thin. The reality is there's no telling what the share market will do week by week, month by month — heck, even year by year is anyone's guess. Nonetheless, the general trend for society over centuries is one of up and to the right. With enough time, companies tend to come up with more life-improving gadgets, and our collective wealth grows.

I don't know what 2024 will bring, but I do know I'd rather be invested in ASX shares than not. Much like last year, I've put together a list of 10 locally listed companies I believe could offer the finest selection among the ASX for the year ahead (and beyond).

Skyscrapers in the making

Unlike 2022, the fast-paced growth shares have been back in vogue this year as investors anticipate rate cuts. The potential of looser monetary policy and cheaper funding has arguably propelled the information technology sector up 28% this year — beating out all other ASX sectors.

Some might then assume it's time to be contrarian and exit 'growth' now… I'm not so foolish to think I have a chance of making such bold predictions. Rather, I simply choose to stay skewed towards 'growth' due to my time horizon and risk appetite.

In this area of the market, I'm fond of the opportunities within Block Inc (ASX: SQ2), Netwealth Group Ltd (ASX: NWL), Nanosonics Ltd (ASX: NAN), and Jumbo Interactive Ltd (ASX: JIN). Each of these companies houses considerable innovation. Additionally, all bar Nanosonics have some degree of founder involvement, which is a big plus in my books.

I think these four ASX shares are trading at relatively attractive valuations for their upside potential.

Solid foundations to build on

Whispers of a possible recession in 2024 remain in circulation. Again, this is merely another prediction that may or may not manifest next year. My approach is to construct a portfolio that thrives under all economic conditions. As such, I like to include companies that I'd describe as 'defensive growth'.

On a side note, I consider growth a redundant term in investing. If a company isn't 'growth' to some extent, then it's a shrinking stock. Is anyone out here intentionally investing in shrinking stocks? I digress.

In the defensive corner, my top ASX shares for 2024 are Propel Funeral Partners Ltd (ASX: PFP), Resmed CDI (ASX: RMD), Supply Network Ltd (ASX: SNL), and Sonic Healthcare Ltd (ASX: SHL).

In my view, each of the businesses operates in recession-resistant industries and possesses a durable moat.

For example, Sonic Healthcare provides diagnostic services, a necessity in all environments. Furthermore, Sonic is at such an enormous scale, allowing it to acquire the most advanced equipment and offer the fastest turnaround over many of its peers.

Collecting rent with my top ASX income shares for 2024

If I wanted to boost my income next year, there are two companies at the top of my list — Harvey Norman Holdings Limited (ASX: HVN) and National Storage REIT (ASX: NSR).

The Harvey Norman share price has ebbed and flowed throughout 2023, settling at a flat return for the 12 months. It appears the market is rattled by the 34% decline in net profit after tax (NPAT) in FY23, giving rise to a 6.1% dividend yield. However, I believe this retailer is simply experiencing the effects of reduced consumer spending, not structural decline.

Secondly, National Storage is brandishing a 4.8% dividend yield. The predictability of this 'boring business' and its reasonable forward price-to-earnings (P/E) ratio of 20 times puts this storage operator on my top ASX shares list for 2024.

The post The top 10 ASX shares I'm picking for a prosperous 2024 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:

Argosy Minerals Limited (ASX: AGY)

The Argosy Minerals share price is down 2.5% to 18.5 cents. This morning, this lithium developer's shares hit a new 52-week low despite many of its peers shooting higher. The market doesn't appear overly optimistic over the company's Rincon Lithium project in Argentina.

Block Inc (ASX: SQ2)

The Block share price is down 1% to $84.12. This follows a decline in the payments company's shares on Wall Street overnight. Block's shares on both exchanges are now trading close to 52-week lows. They are also both down approximately 20% over the last 12 months.

Meridian Energy Ltd (ASX: MEZ)

The Meridian Energy share price is down 1.5% to $4.84. This morning, this energy company released its monthly operating report and revealed that national electricity demand in August was 4.5% higher than the same period last year. So why the decline? Well, it's probably reduced demand for safe-haven assets like utilities after investor sentiment improved greatly.

Supply Network Ltd (ASX: SNL)

The Supply Network share price is down 1% to $15.04. This has been driven by the after-market vehicle parts company's shares going ex-dividend this morning. Eligible shareholders can now look forward to receiving Supply Network's 28 cents per share fully franked final dividend at the start of next month on 3 October. Excluding this dividend, the company's shares would actually be climbing with the market today.

The post Why Argosy Minerals, Block, Meridian Energy, and Supply Networks shares are falling appeared first on The Motley Fool Australia.

I firmly believe one of the main determinants of successful investing is a long holding period. You might wonder what gave me that idea. The investing arena is littered with examples, but two that come to mind are Warren Buffett and Terry Smith.

These billionaire investors have held great companies for years and decades, at times, to allow long-term compounding to work its magic. Buffett, the chair of US$784 billion conglomerate Berkshire Hathaway Inc (NYSE: BRK.A) (NYSE: BRK.B), has held Coca-Cola (NYSE: KO) for 35 years and counting. Whereas Terry Smith, Fundsmith CEO and founder, has owned Stryker Corp (NYSE: SYK) since his funds' inception in 2010.

Buying shares in new, up-and-coming industries might be exciting. However, it can also be fraught with risk. A perfect illustration of this was the boom in buy now, pay later companies. How many of those that raced to market still exist today?

Here are three ASX All Ords shares I regard as timeless investments.

3 ASX All Ords shares that might never go out of fashion

Sonic Healthcare Ltd (ASX: SHL)

This international laboratory, pathology, and radiology services provider has been conducting business since 1934, which is already a good sign the company can stand the test of time.

If you have ever had a blood test taken at Sullivan Nicolaides, you will have come across Sonic Healthcare.

The consistent track record of growth from this cornerstone of the healthcare system is impeccable. In the last 19 years, Sonic has either maintained or grown its dividend per share. Since 2004, the dividend payment to shareholders has grown from 30 cents to $1 per share.

Patients often need either lab work or scans to be done for a diagnosis to be made. I would argue this medical process won't be disappearing any time soon.

Additionally, given the monumental amount of capital required to procure the equipment necessary to conduct these tests, I think Sonic Healthcare maintains a defendable moat.

Propel Funeral Partners Ltd (ASX: PFP)

The next ASX All Ords share I suspect will still be humming away decades from now is funeral operator Propel Funeral Partners.

Funerals have long played an integral role in society to help us mourn and celebrate the lives of those that have passed. Considering these practices began some 23,000 years ago, it seems unlikely they would disappear in the foreseeable future.

Propel's approach has been to acquire and consolidate small, often family-run, businesses. The assumption is there are scale benefits — higher profitability (in other words) — to operating as a single unified entity rather than hundreds of funeral homes running independently.

Many of Propel Funeral Partners' acquisitions are businesses that have been servicing their community for more than 100 years. This instils a high level of confidence, personally, that this ASX All Ords share is building into what could be a timeless investment.

Supply Network Ltd (ASX: SNL)

The final company, Supply Network, is one I think can be adaptable in a changing world.

Known by its Multispares brand, the company sells truck and bus parts across Australia and New Zealand. Over 37 years, Supply Network has become the largest and most diversified independent supplier of aftermarket replacement parts for trucks and buses.

In the last decade, revenue has increased by approximately three and a half times. At the same time, profits have amplified by a factor of 5.4 times. This is exemplary of a management team that knows how to scale well.

However, what appeals most to me is the core value proposition of the company — its network and service. Regardless of whether it's electric vehicles or autonomous vehicles — heck, even flying cars (maybe someday) — Supply Network could still be the leader in providing replacement parts. It won't necessarily be disrupted.

My view is while we still operate in the physical world, we will need physical parts moved around efficiently. Supply Networks', well… network, is its edge.

The post Timeless investments: 3 ASX All Ords shares I'd buy to last a lifetime appeared first on The Motley Fool Australia.

There's no better time to reevaluate your share portfolio and add some big dividend earners to the mix than the August reporting season when most ASX 200 companies share their full or half-year earnings reports.

How to choose? We asked our Foolish contributors for their thoughts on the ASX dividend shares they reckon are worth buying in August 2023 for long-term passive income. Here's what they came up with:

6 best ASX dividend shares for August 2023 (smallest to largest)

• Adairs Ltd (ASX: ADH), $295.05 million
• Supply Network Ltd (ASX: SNL), $609.20 million
• GQG Partners Inc (ASX: GQG), $4.56 billion
• Transurban Group (ASX: TCL), $43.07 billion
• Westpac Banking Corp (ASX: WBC), $77.13 billion
• BHP Group Ltd (ASX: BHP), $231.86 billion

(Market capitalisations as of market close 4 August 2023).

Why our Foolish writers love these ASX passive income stocks

Adairs Ltd

What it does: Adairs is a homewares and home furnishings retailer. The company has more than 170 stores in Australia and New Zealand. Its store brands include Adairs, Focus on Furniture, and online shop Mocka.

By Bernd Struben: Adairs looks like a strong, longer-term passive income play to me after the stock has fallen 25% in 2023. And, in a promising trend, the Adairs share price has leapt 10% since 26 July.

Adairs shares came under pressure as consumers, feeling the cost of living pinch, have cut back on discretionary spending. This saw the retailer recently report significant sales declines across its store network.

But with the RBA having paused its interest rate hikes for two consecutive months amid falling inflation, I believe consumer demand for home furnishings should rebound.

Over the past full year, Adairs shares delivered 18 cents apiece in fully franked dividends. That equates to a trailing yield of 10.5%.

Motley Fool contributor Bernd Struben does not own shares in Adairs Ltd.

Supply Network Ltd

What it does: Supply Network has operated since 1986, providing aftermarket bus and truck parts to customers across Australia and New Zealand. Those in the parts industry will know the company by its Multispares brand – the largest and most diversified independent supplier in its domain. 

By Mitchell Lawler: Selling aftermarket parts is a tough business. It takes meticulous inventory balancing and a well-managed supply chain to deliver on customer expectations at a competitive price. 

Supply Network has successfully navigated the industry within the bus and truck niche for decades. The data I can access shows continuous profitability since 2004 without a single blip, allowing a steady stream of dividends over the many years of its operations. 

The combination of excellent management, a proven track record of growth and the diligent reinvestment of capital, Supply Network is a company I believe still has a long road of passive income potential ahead of it. 

Based on the expected full-year dividend of 28 cents per share, this company's FY2023 dividend yield is roughly 3.3%.  

Motley Fool contributor Mitchell Lawler does not own shares in Supply Network Ltd.

GQG Partners Inc

What it does: GQG is one of the largest fund managers on the ASX. At 30 June 2023, it had US$104.1 billion of funds under management (FUM). While its main operations are in the United States, it's looking to expand into other regions like Canada and Australia.

By Tristan Harrison: Despite all of the uncertainty, the company continues to attract good FUM inflows. In the three months to 30 June 2023, it saw FUM inflows of US$1.2 billion. FUM growth is key for revenue and earnings growth because nearly all of its revenue comes from management fees rather than performance fees.

In terms of the dividend payout ratio and passive income, GQG says it intends to pay 90% of its distributable earnings out as a dividend each year.

Forecasts on Commsec suggest that GQG shares could pay a dividend yield of 9.25% in FY24 and 10% in FY25.

Motley Fool contributor Tristan Harrison does not own shares of GQG Partners Inc.

Transurban Group

What it does: Transurban is a toll road operator with a collection of important roads worldwide. In Australia, these include the Cross City Tunnel, Eastern Distributor, Logan Motorway, Westlink M7, and Citylink.

By James Mickleboro: I think that Transurban would be a great passive income option for investors in August. With the economic environment remaining highly uncertain, I feel that defensive options are the way to go. And you can't get much more defensive than toll roads.

Time is a precious commodity, and history shows that drivers are willing to pay to avoid traffic and cut their travel time down. And with Transurban's inflation-linked pricing set to give its earnings a boost, the company's dividends have been tipped to grow.

Citi, which has a buy rating and $16.20 price target on its shares, expects dividends per share of 58 cents in FY 2023 and then 62 cents in FY 2024. This will mean yields of 4.1% and 4.35%, respectively.

Motley Fool contributor James Mickleboro does not own shares of Transurban Group.

Westpac Banking Corp

What it does: Westpac is Australia's oldest banking and financial services group and one of the big four Australian banks. It provides a broad range of consumer, business and institutional banking and wealth management services.

By Bronwyn Allen: When I think about 'reliable passive income', I immediately think of ASX 200 bank shares.

You may not get much capital growth out of them, but they're certainly good dividend payers. As we recently reported, Westpac is expected to pay the biggest yield of all the ASX bank shares in FY24 at 7.1% fully franked. Morgans tips $1.52 to be paid in FY24.

The broker also has an add rating and a 12-month price target of $24.22. Morgans says Westpac has "the greatest potential for return on equity improvement amongst the major banks if its business transformation initiatives prove successful".

Motley Fool contributor Bronwyn Allen owns shares in Westpac Banking Corp. 

BHP Group Ltd

What it does: BHP is one of the oldest companies in Australia, having started out as Broken Hill Proprietary back in 1851. Today, BHP is one of the largest mining companies in the world, with massive operations in iron ore, copper, nickel, potash and metallurgical coal.

By Sebastian Bowen: There is a reason why BHP is a favourite passive income share amongst dividend investors. While this miner, like all resource shares, is a price taker and thus dependent on commodity prices for its earnings and dividends, its size and scale mean that it can survive in bad times and thrive when commodity prices are high.

Today, BHP offers investors a trailing yield of more than 9% (fully franked, of course). While investors would be foolish to expect that kind of yield in perpetuity, history has shown that BHP's dividends fluctuate from decent to monstrous alongside the commodity cycle.

For this reason, I think BHP is well worth a look as a part of a well-diversified income portfolio this August. 

Motley Fool contributor Sebastian Bowen does not own shares in BHP Group Ltd.

The post Top ASX passive income shares to buy in August 2023 appeared first on The Motley Fool Australia.

Most businesses have just reported their result for the period to December 2022, though a few have reporting periods that end in January.

With that in mind, let's look at four that go ex-dividend this week. When an ASX All Ordinaries share goes ex-dividend, it means that new investors are no longer entitled to that dividend. Investors need to buy shares before the ex-dividend date to get the dividend entitlement.

Supply Network Limited (ASX: SNL)

Supply Network trades in Australia and New Zealand under the Multispares brand. It sells trucks and business parts.

The business declared an interim dividend of 20 cents per share. This fully franked dividend comes with an ex-dividend date of 22 March 2023. That means investors only have today to grab shares before it goes ex-dividend.

The payment date for this dividend is 6 April 2023.

Pacific Smiles Group Ltd (ASX: PSQ)

Pacific describes itself as Australia's fastest-growing dentist service organisation, with over 120 dental centres nationally.

The All Ordinaries ASX share has started paying a dividend again, with an interim fully franked dividend declared of 0.35 cents per share.

Pacific Smiles will also have an ex-dividend date of 22 March 2023, so investors only have today to invest before Pacific Smiles shares go ex-dividend.

The business has a payment date of 6 April 2023.

Service Stream Ltd (ASX: SSM)

Service Stream describes itself as a provider of essential network services to the telecommunications, utility and transport sectors. It operates in all states and territories.

The business announced that it was going to pay an interim dividend of 0.5 cents per share, fully franked. Its ex-dividend date is 22 March 2023, which means investors have to buy shares today to be entitled to the dividend.

The ASX All Ordinaries share is going to pay this interim dividend on 6 April 2023.

Myer Holdings Ltd (ASX: MYR)

Myer is the department store business which is currently going through a bit of a revival.

It reported its result later than others, but its ex-dividend date is this week as well.

Myer announced that it's going to pay a total interim dividend of 8 cents per share, which included a special dividend of 4 cents per share.

The ex-dividend date for this ASX All Ordinaries share's dividend is 22 March 2023, so investors need to buy shares today to gain entitlement to this upcoming dividend.

The payment date for this dividend is 11 May 2023.

The post 4 ASX All Ordinaries shares trading ex-dividend on Wednesday appeared first on The Motley Fool Australia.

Unlike a typical recap of the standout winners and losers, I wanted to do something a little different — maybe more valuable — than other reporting season post-mortems.

While it can be useful to know which companies smoked expectations and which left their shareholders bitterly disappointed, often those exceptional reports are met with similarly exceptional moves in the share price (either positive or negative).

I'm more interested in the ASX shares with solid numbers that were maybe underappreciated. In my eyes, these could be companies that the broader market is disregarding for reasons outside of the fundamentals. But, in the long run, those fundamentals become rather hard to ignore.

So, here are the companies that failed to attract the level of attention I believe would be commensurate with their results.

The ASX shares working hard when no one is watching

Netwealth Group Ltd (ASX: NWL)

Netwealth brings wealth management to the twenty-first century with its cloud-based software platform. As its management attests, it is the fastest-growing financial services platform with $11.9 billion of net fund inflows for the 12 months to September 2022.

In my opinion, the Netwealth team delivered on all key objectives in the first half. Funds under administration (FUA) and funds under management (FUM) grew by 12.2% and 10.4% respectively. In turn, the company was able to increase its total revenue by 18.9% to $102.8 million and deliver a statutory net profit after tax (NPAT) of $30.6 million — up 12.9%.

Netwealth is executing its mission to provide a better platform than the big wealth-managing incumbents, as demonstrated by the image above. The company continues to nibble away at the market share of competitors.

How did investors react to the release? The Netwealth share price finished 2.7% higher on 15 February… hardly a move to write home about. Although the ASX share trades on a price-to-earnings (P/E) ratio of 56 times, I think there is a level of underappreciation for the extent of growth that could still lie ahead for Netwealth.

DGL Group Ltd (ASX: DGL)

The next company I believe the market could be sleeping on is chemicals manufacturer, transporter, storer, and processor, DGL Group. Shares in this ASX small-cap share finished flat after the company released its first-half results to the market on 28 February.

After a string of acquisitions during the half, DGL reported a 52% increase in sales revenue compared to the prior corresponding period. Impressively, the company notched up its earnings before interest, taxes, depreciation, and amortisation (EBITDA) by 35%.

I have a suspicion that the market may have written off DGL's growth as purely a byproduct of acquisitions. However, as noted in the presentation, 69% of EBITDA growth was organic. Morgans also highlighted that the result showed an ability to grow organically. The broker currently has a buy rating on the ASX share.

What I find enticing about this company, that I think others are overlooking, is the moat it is building through its geographic footprint. Its operations are widely spread across Australia and New Zealand through its network of warehouses (see here). Such a network is difficult to replicate without significant capital.

In my opinion, the expanded network could give DGL an edge in terms of beating competitors on price for transport and product (due to scale) and time for delivery fulfilment (due to proximity).

Supply Network Limited (ASX: SNL)

The last ASX share that I think the market snubbed upon the release of its results during the earnings season is Supply Network. This company sells after-market parts primarily for trucks and buses within Australia and New Zealand.

Simply put, Supply Network's results were extremely strong. Shares lifted a dismal 0.3% on the day of the company's reporting. The half-year filing left a bit to be desired in terms of commentary and added details.

However, the numbers speak to a period of continued demand for parts. In quantifiable terms, revenue increased by 23.6% to $119.2 million, while net profits surged 34.1% to $12.7 million. These figures add to a consistent growth trend over the past five years, as depicted below.

Furthermore, analysts at Ord Minnet think the outlook is still solid for Supply Network with the broker holding an accumulate rating on the ASX share.

Personally, I share a similar perspective. Cost pressures could linger for a year or two, nudging the average tenure of truck ownership higher. As a result, replacement parts could be in higher demand.

Aside from this, the company's balance sheet is in the strongest position its been in years, opening the door to additional growth avenues.

The post Underappreciated: 3 ASX shares I believe were the quiet achievers of earnings season appeared first on The Motley Fool Australia.

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

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

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

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

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

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

Supply Network Limited (ASX: SNL)

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

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

Accent Group Ltd (ASX: AX1)

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

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

Myer Holdings Ltd (ASX: MYR)

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

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

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

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

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

2 ASX All Ordinaries shares trading at their highest in years

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

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

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

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

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

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

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

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

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

Tomorrow, three more ASX All Ords shares will be going ex-dividend.

In other words, in order to be eligible to receive these dividends, investors will need to hold shares by the time the market closes today. Let's take a closer look.

Carsales.com Ltd (ASX: CAR)

ASX All Ords share Carsales is the highest-profile name going ex-dividend on Friday.

Today will be the last day to snare Carsales' fully franked final dividend of 24.5 cents per share, which will be paid on 17 October.

Alternatively, investors will have until 20 September to opt-in to the company's dividend reinvestment plan (DRP).

Carsales recently handed in its FY22 report, delivering adjusted revenue of $510 million, up 16% from the prior year, and adjusted EBITDA of $272 million, up 7%.

This performance was driven by strong domestic results in Carsales' private and media segments, along with contributions from recent acquisitions. 

Across the financial year, Carsales declared total dividends of 50 cents, up 5% compared to FY21. 

Carsales shares are currently flashing a trailing dividend yield of 2.3%. With the benefit of franking credits, this yield drives up to 3.3%.

Peet Limited (ASX: PPC)

Property developer Peet is another ASX All Ords share turning ex-dividend tomorrow.

As of tomorrow, Peet shares will be trading without a fully franked final dividend of 4 cents per share.

Despite Peet settling 16% fewer lots in FY22, revenue came in relatively flat at $3.2 billion.

But below the revenue line is where the company shined, delivering record earnings as net profit after tax (NPAT) surged 84% to $52 million.

Peet attributed this to price growth across its developing and selling projects, combined with its ongoing focus on cost management and the changing product mix.

On the back of this performance, Peet hiked its total FY22 dividends by 79% to 6.25 cents, fully franked. This puts Peet shares on a trailing dividend yield of 5.2%, which grosses up to 7.5%.

Supply Network Limited (ASX: SNL)

Last but not least, Supply Network will be trading tomorrow without a fully franked final dividend of 20 cents per share. The company has locked in a payment date of 3 October.

Shareholders will also have until 22 September to decide to participate in the company's DRP. Those who opt-in will receive a 2.5% discount for their troubles.

The commercial aftermarket parts business punched in 22% top-line growth in FY22 as revenue came in at $199 million. The company said this result was underpinned by strong economic growth, positive industry trends, and solid business performance.

NPAT jumped by 45% to $20 million, outstripping revenue growth, helped by steady gross margins and further gains in operating efficiency.

Across the financial year, Supply Network declared total dividends of 32 cents, up 60% from the annual dividends of 20 cents in FY21.

As a result, Supply Network shares are currently sporting a trailing dividend yield of 3%, which grosses up to 4.3%.

The post 3 ASX All Ords shares turning ex-dividend tomorrow appeared first on The Motley Fool Australia.