What did Tourism Holdings report?

• Statutory NPAT from continuing operations of $39.9 million (FY25: loss of $14.1 million)
• Underlying NPAT up 34% to $46.1 million
• Sale of services revenue (rentals) up 11% to $517.5 million; total revenue $852.9 million (down 5%)
• Full-year dividend of 10.5 cents per share, up 62%
• Net operating cashflows up 67% to $67.3 million
• Net debt reduced to $436 million; leverage improved, equity ratio at 41%

What else do investors need to know?

Tourism Holdings delivered on its four key strategic priorities, including the sale of its UK & Ireland business and exiting two loss-making Australian dealerships, which helped further strengthen its balance sheet. The company also consolidated manufacturing in Australasia and unlocked about $5 million in labour, corporate, and digital savings.

Shareholders will want to note two current takeover proposals: a $3.10 per share bid from BGH consortium and a competing offer between $3.30 and $3.40 per share from a credible strategic acquirer. Both proposals remain non-binding and subject to due diligence over the next six weeks.

What did Tourism Holdings management say?

CEO Grant Webster said:

Rentals remain the engine of thl. Sale of services revenue increased 11% to $517.5 million, the average rental fleet grew 11.5% and RevPARV increased 1% to $58,000.

We entered the second half of FY26 with real momentum. The Middle East conflict in March disrupted international travel with the flow on impacts on fuel pricing impacting domestic tourism for a time. Southern Hemisphere booking intake has since recovered to be ahead of the prior year, with New Zealand intake over the last four weeks up around 40%, Canada is on track for record rental revenue this summer season, and recent U.S. intake is tracking around 45% ahead. That tells us a portion of demand was deferred rather than lost.

Operationally this was a year of delivering hard actions. We consolidated Australasian manufacturing into Hamilton and launched a redesigned Winnebago range, opened a new Queenstown site on 17 August, exited two loss-making Australian dealerships and delivered approximately $5 million of underlying labour, corporate and digital cost savings.

What's next for Tourism Holdings?

Tourism Holdings says the fundamentals remain supportive of its $100 million underlying NPAT goal, even though the delay in RV sales market recovery and international disruptions have tempered near-term expectations. Recent booking trends are positive, with New Zealand and Australia up around 40% and 15% respectively over four weeks, and Canada and the US seeing record or strong rental demand.

While uncertainty from the Middle East conflict has impacted FY27 momentum, management continues to focus on fleet growth, manufacturing efficiencies, and further cost initiatives, believing the longer-term potential is intact for shareholders.

Tourism Holdings share price snapshot

Over the past 12 months, Tourism Holdings shares have risen 17%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post Tourism Holdings lifts dividend 62% on higher profit, eyes takeover proposals appeared first on The Motley Fool Australia.

What did Tourism Holdings report?

• FY26 underlying net profit after tax (uNPAT) from continuing operations now expected to be ~$46 million (up from previous guidance of $40–$43 million)
• Net debt at 30 June 2026 was $436 million (below previous forecast of $460–$470 million)
• Normalised net debt averaged $453 million over the last month of FY26
• Strong late booking trends and robust vehicle sales in New Zealand drove the improved result

What else do investors need to know?

Tourism Holdings noted favourable year-end interest outcomes and better-than-expected vehicle sales contributed to the upgraded profit forecast. The company also highlighted strong booking momentum across all key regions.

Notably, North America bookings are tracking well ahead of last year, with recent US bookings more than 50% higher. Australia and New Zealand forward bookings have also bounced back after earlier disruptions linked to Middle East geopolitical events.

Tourism Holdings will release its full audited FY26 results and Integrated Report on 25 August 2026.

What's next for Tourism Holdings?

Management says forward booking trends remain positive, especially in North America where growth rates are strong. With Australia and New Zealand recovering from recent disruptions, Tourism Holdings is increasingly confident about the FY27 Southern Hemisphere summer.

The company sees improved opportunities for growth in both Australia and New Zealand. Investors will be watching the August results for further detail on strategy and outlook.

Tourism Holdings share price snapshot

Over the past 12 months, Tourism Holdings shares have risen 23%, outperforming the S&P/ASX 200 Index (ASX: XAO), which is flat over the sam period.

View Original Announcement

The post Tourism Holdings ups FY26 guidance as bookings surge appeared first on The Motley Fool Australia.

An ASX small-cap share typically has a market capitalisation of between approximately $300 million and $2 billion.

The S&P/ASX Small Ords Index (ASX: XSO) is down 9.8% versus a 2.3% dip in the S&P/ASX All Ords Index (ASX: XAO) year to date.

However, Morgans sees opportunity with these three ASX small-cap shares.

Let's find out why.

Tasmea Ltd (ASX: TEA)

The Tasmea share price is $8.14, down 1.1% today and up 94% in the calendar year to date (YTD).

Tasmea is a skilled services company that provides essential maintenance, engineering, and specialised project services.

The company operates in many industries, including mining, oil and gas, waste and water, power and renewable energy, and defence.

Morgans has a buy rating on this ASX small-cap share in the industrials sector.

In a new note, the broker raised its 12-month share price target substantially from $5.25 to $9.15 following acquisition news.

Morgans said:

TEA has agreed to acquire Victorian specialist electrical contractor Maxim Group for up to $254m (~5.4x FY26F EV/EBIT).

The deal is ~31% EPS accretive, scales TEA's Electrical segment to >$100m EBIT and diversifies earnings away from resources into data centres, infrastructure and Battery Energy Storage Systems (BESS).

TEA will look to leverage its regional expertise as data centres increasingly move out of metropolitan areas.

Maxim's owner-led team is retained and aligned via scrip and a three-year earn-out.

We make meaningful EPS changes of +30-34% in each of FY27 and FY28. BUY maintained.

Vysarn Ltd (ASX: VYS)

The Vysarn share price is 94 cents, up 2.4% today and up 28% YTD.

Vysarn provides production-critical services to the resources, construction, and utilities industries. 

Morgans upgraded this ASX materials small-cap share after Vysarn announced it was buying an irrigations systems company.

The broker lifted its rating from speculative buy to buy, and raised its target price from 90 cents to $1.10.

The broker said:

VYS is acquiring NewGround, adding highly accretive (~25% EPS) annuity-style earnings that, alongside greater customer-base diversification in the industrial division, materially increases earnings visibility.

The limited upfront cash component of $8.3m preserves balance sheet flexibility, providing further capacity to continue building out its integrated water-services platform via acquisitions.

Incorporating NewGround from early October, we raise our EPS forecasts in FY27 and FY28 by +19 and +24% respectively.

Reflecting the improvement in earnings quality and reduced volatility, we upgrade VYS from Speculative Buy to Buy.

While the Kariyarra asset management business carries a binary outcome, at the current share price, investors are getting this optionality for free.

Tourism Holdings Ltd (ASX: THL)

The Tourism Holdings share price is $2.06, up 1.5% today and down 10% YTD.

Tourism Holdings rents and sells holiday campervans in Australia, New Zealand, and the US.

Morgans has a buy rating on this ASX industrials small-cap share with a $2.58 target.

In a new note, the broker said:

Unsurprisingly, given the conflict in the Middle East, THL has revised its FY26 NPAT guidance given weaker than expected RV sales.

The conflict, higher fuel prices and cost of living pressures push out the earnings recovery despite all of THL's internal initiatives to improve the business.

Tourism Holdings is also listed on the New Zealand Stock Exchange at NZ$2.47 per share.

Morgans notes that BGH Capital and the Trouchet shareholders have issued a revised takeover offer of NZ$3.10 for the company.

The post 3 ASX small-cap shares to buy: Morgans appeared first on The Motley Fool Australia.

Back for a second attempt

It's the second offer from BGH, which had its NZ$2.30 per share bid rejected by the company last August.

The consortium has now come back with an all-cash offer valued at NZ$3.10 per share.

The company's ASX-listed shares shot up 54.5 cents on the news to $2.29 on Friday morning.

The recreational vehicle company said in its statement to the ASX that the offer was at this stage non-binding and subject to due diligence.

The company added:

It is subject to a number of conditions including the satisfactory completion of due diligence, finalisation of debt arrangements, and BGH receiving final approval from its Investment Review Committee to submit a binding proposal. It is also conditional on THL's Board unanimously recommending shareholders accept the proposal, in the absence of a superior proposal and subject to an independent adviser concluding that the proposal is within or above the independent adviser's valuation range for THL shares.

The company said shareholders holding about 16% of its shares have said that they supported it engaging with the consortium and granting it due diligence access.

Weaker outlook

Tourism Holdings also updated its guidance for FY26 on Friday, saying it now expected underlying net profit to be in the range of NZ$40 to NZ$43 million, down from previous guidance of NZ$43 to NZ$47 million.

The company added:

Given the ongoing global disruptions to international travel and the broader softening of consumer confidence, THL's underlying FY26 profitability has not been significantly impacted, and the Company maintains a strong balance sheet position. The Board considers this a positive outcome given the degree of change and impact on global tourism. There are a number of factors impacting performance, including the effects of the current Middle East conflict on vehicle sales, softer conditions in the Australian domestic rental business, and foreign exchange movements.  

Tourism Holdings said vehicle sales had been lower across all of its markets since the start of March due to geopolitical and macroeconomic factors.

It added:

Underlying customer interest and lead volumes for recreational vehicles remain positive. However, the broader uncertainty has resulted in a reluctance by consumers to commit to purchase decisions in the current environment.  

The company said it now expected its net debt at the end of FY26 to be NZ$460 to NZ$470 million, up from a previous expectation of less than NZ$400 million.

The post Which ASX travel company is up more than 30% on takeover talks? appeared first on The Motley Fool Australia.

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

If you've had your eye on an ASX share for a while, and you're ready to buy, the ex-dividend date can provide a deadline to act.

Might as well buy and pick up the next dividend payment if the stock is trading at an acceptable price, right?

Alternatively, you could play a longer game, and wait for the ex-dividend date to arrive before buying the stock.

This can be a good strategy because share prices tend to fall on the ex-dividend date.

This happens because the stock is fundamentally worth less without the next dividend payment attached.

Many companies offer dividend reinvestment plans (DRPs).

DRPs allow investors to instruct the company to use their dividends to buy more shares on their behalf, instead of paying cash.

After lodging your DRP form, this process becomes automatic.

It's an easy, passive way for investors increase their shareholdings in a company over time.

And every now and then, a company will offer a discount to shareholders participating in the DRP.

Bonus!

ASX shares with ex-dividend dates next week

The post 14 ASX shares about to go ex-dividend appeared first on The Motley Fool Australia.

Instead of spending years and millions of dollars trying to build a new business arm, companies with strong balance sheets can simply buy the innovators already nibbling at their market share. It's a shortcut to fresh customers, new technology, and faster earnings growth.

For investors, this dynamic makes ASX small caps an intriguing hunting ground. Businesses that have done the hard yards of establishing products and market share can suddenly find themselves the subject of takeover bids — often at hefty premiums.

M&A momentum builds

There's been no shortage of deal-making across the Australian market in 2025. Several small-to-mid cap names have already attracted corporate suitors, with takeover offers sparking sharp share price gains.

Let's look at three recent examples:

RPMGlobal Holdings Ltd (ASX: RUL)

Mining software specialist RPMGlobal has seen its shares surge more than 90% since April. The big move was driven by a non-binding takeover offer from US giant Caterpillar Inc (NYSE: CAT), pitched at $5.00 per share and valuing the company at more than $1 billion. With long-standing ties to Caterpillar and a strong recurring revenue base, RPM is a natural bolt-on candidate.

Tourism Holdings Ltd (ASX: THL)

Tourism Holdings, the world's largest RV rental operator, was catapulted 50% higher in June after receiving a conditional all-cash offer from BGH Capital and the Trouchet family interests. The consortium already secured a 19.99% stake, underlining its conviction. Investors saw firsthand how quickly takeover news can re-rate a small-cap stock.

Johns Lyng Group Ltd (ASX: JLG)

Insurance building services and restoration company Johns Lyng was quickly re-rated after takeover interest emerged. When Pacific Equity Partners (PEP) lodged its first indicative offer in May, the stock had been under pressure, with sentiment drifting lower. That gave the right buyer an opportune moment to step in.

Following the subsequent scheme implementation deed, the $4.00 per share offer represented a 77% premium to where the share price closed the day before the first bid became known. It's a reminder that when the fundamentals of a business are attractive it's not just individual investors who take notice, but also professional acquirers with deep pools of capital.

Thinking like an acquirer

When larger players hunt for growth, they look for qualities that make a smaller business more valuable in their hands than on its own. Investors can use the same lens.

The most attractive traits include:

• Clear synergies – the ability to slot into a bigger platform, cut costs, or accelerate sales.
  
• Scarcity value – assets, services, or expertise that are difficult or expensive to replicate.
  
• Supportive ownership – a register open to deals, often with founders still aligned to maximise value.
  
• Undervaluation – shares trading below intrinsic worth, giving acquirers room to pay a premium.
  
• Favourable backdrops – low funding costs, plenty of private equity capital, and strong sector demand.
  
  

For small-cap investors, the lesson is simple: focus on fundamentals, watch how management behaves, and be patient. If the market doesn't close the gap, an acquirer might.

Foolish takeaway

The current wave of M&A activity highlights how much value exists in the small end of the ASX. For investors, the challenge is spotting businesses with the hallmarks of tomorrow's targets: scalable, profitable, and positioned in industries where larger players need growth.

By focusing on the qualities acquirers prize, investors may uncover small caps capable of delivering outsized returns, whether through compounding growth or an eventual buyout.

The post Why ASX small caps are in the takeover spotlight appeared first on The Motley Fool Australia.

Here's why it is recommending them to clients:

Regal Partners Ltd (ASX: RPL)

Morgans was pleased with this fund manager's performance during the first half of FY 2025 and believes there's more to come as equity markets improve.

As a result, it has retained its buy rating and $3.70 price target on its shares. It said:

Whilst largely pre-released, RPL delivered a strong set of results for the half year, a function of positive investment performance and net inflows, both of which came despite the challenges faced in 1Q25 (namely market volatility and the OPT holding). A key call out was the persistency of performance fees, which provides scope for further upside to our estimates, should equity markets improve. Given our conservative approach to the valuation of performance fees and principal income, we see little change to our target price of $3.70/sh, reiterating our Buy rating.

Polynovo Ltd (ASX: PNV)

Another ASX stock that had largely pre-released its results was medical device company Polynovo.

Nevertheless, the broker was pleased with the results and expects more strong sales growth in FY 2026.

And while it thinks that this could be one for investors with a high tolerance for risk, it thinks the rewards could be worth it. Morgans has a speculative buy rating and $1.69 price target on its shares. It said:

PNV had pre-released its FY25 results in late July and therefore there were few surprises. As usual, no formal guidance was provided but we are comfortable with our sales growth forecast of 25% for FY26. We believe PNV will be removed from the ASX200 at the September re-balance which may cause some share price volatility. We have made no material changes to our forecasts and our valuation and target price remain unchanged. We maintain our SPECULTIVE BUY recommendation.

Tourism Holdings Ltd (ASX: THL)

Finally, this recreational vehicles company could be a post-results buy according to Morgans.

Although the ASX stock's second half performance was weak, it still delivered a result slightly ahead of guidance. And with the cycle possibly reaching its bottom, Morgans thinks now could be the time to pounce.

As a result, it has upgraded its shares to a buy rating with an improved price target of $2.65. It said:

THL's FY25 result was slightly above recent guidance. The 2H25 was particularly weak given political and economic uncertainty weighed on consumer confidence and impacted RV sales and margins. Outside of the US, THL's FY26 outlook comments for its Rentals business were strong. The 1H26 should hopefully prove to the bottom of the cycle for RV sales and margins. THL's valuation metrics are undemanding, and it has material leverage to an improved economic cycle. We consequently upgrade to a BUY recommendation.

The post Morgans names 3 ASX stocks to buy this week  appeared first on The Motley Fool Australia.

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

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price is up 15% to $7.25. Investors have been buying uranium miners on Monday amid optimism over demand for the chemical element. This has led to most major ASX uranium shares recording gains of over 10%.

Santos Ltd (ASX: STO)

The Santos share price is up 12% to $7.78. This morning, the energy giant announced that it has received a non-binding indicative proposal from a consortium led by Abu Dhabi National Oil Company (ADNOC), along with Abu Dhabi Development Holding Company (ADQ) and global private equity firm Carlyle. The consortium has offered to acquire all outstanding Santos shares for US$5.76 per share (approximately A$8.89 per share) in cash via a scheme of arrangement. This values Santos at A$30 billion. Due diligence has been granted and Santos advised that if satisfactory terms can be agreed upon, the board intends to unanimously recommend the deal.

Tourism Holdings Ltd (ASX: THL)

The Tourism Holdings share price is up 52% to $2.07. Investors have been buying this recreational vehicle company's shares after it also received a takeover offer. The company advised that it has received a conditional takeover proposal from a consortium led by private equity firm BGH Capital and the family interests of Luke and Karl Trouchet. An offer of NZ$2.30 per share has been tabled. This was a 58% premium to its last close price.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is up 3% to $26.06. This has been driven by another rise in oil prices. Traders were bidding oil higher after Israeli missiles struck Iranian energy facilities. Commenting on the situation in the Middle East, Saxo Bank's Head of Investment Strategy, Jacob Falkencrone, told The Motley Fool Australia: "The most serious economic threat from this conflict lies in its potential to reignite inflation through sustained high oil prices. Recent attacks on Iranian oil facilities in Tehran and Iran's critical South Pars gas field intensified market anxieties significantly. Analysts anticipate even sharper oil price increases, potentially driving crude above USD 100 per barrel if tensions worsen."

The post Why Paladin Energy, Santos, Tourism Holdings, and Woodside shares are racing higher appeared first on The Motley Fool Australia.

Tourism Holdings Ltd (ASX: THL) shares are rocketing this morning after it received an offer of its own.

At the time of writing, the ASX stock is up 50% to $2.05.

ASX stock rockets on takeover offer

This morning, Tourism Holdings revealed that it has received a conditional takeover proposal from a consortium led by private equity firm BGH Capital and the family interests of Luke and Karl Trouchet.

According to the release, the non-binding indicative proposal (NBIO) outlines a potential all-cash offer of NZ$2.30 per share, representing a 58% premium to its last traded price on the NZX of NZ$1.46.

The release notes that the offer could proceed either via a scheme of arrangement or takeover offer, and is subject to several conditions including due diligence, financing, and board recommendation.

Interestingly, the consortium has signalled that it is open to alternative structures. This includes those that would give it control without requiring 100% ownership.

What is Tourism Holdings?

Tourism Holdings is the largest commercial recreational vehicle (RV) rental operator in the world.

The ASX stock operates rental brands Maui, Britz, Apollo, Mighty, Hippie, Cheapa Campa, as well as a collection of manufacturing businesses, retail brands, retail dealerships, a travel technology business, and tourism attraction businesses.

BGH already holds a major stake

The market was also informed that BGH Capital has already taken a significant position in the ASX stock, securing a 19.99% relevant interest in the company. This includes direct share purchases and a cooperation agreement with the Trouchet family shareholders.

Share purchases were made from institutional investors including ANZ Group Holdings Ltd (ASX: ANZ) and WAM Capital Ltd (ASX: WAM), at prices ranging between NZ$2.25 and NZ$2.30 per share. Some of these agreements include top-up payments if a higher final transaction price is realised within the next year.

What's next?

The ASX stock has established a board subcommittee to evaluate the proposal.

Luke Trouchet, who is part of the consortium, has taken a leave of absence from his executive duties and will not be involved in the decision-making process related to the bid.

The board will now assess the proposal with the assistance of financial and legal advisers. However, it has warned that there's no certainty that it will lead to a completed transaction and has urged shareholders to take no action. It will continue to keep shareholders and the market informed of material developments.

The post Guess which ASX stock is up 50% on takeover offer 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:

Imricor Medical Systems Inc (ASX: IMR)

The Imricor share price is down 3% to $1.41. This is despite the medical systems company releasing some good news this morning. Imricor revealed that its Advantage-MR EP Recorder/Stimulator has received CE mark certification under the European Union's new Medical Device Regulation (MDR). This follows the earlier CE mark approval of Imricor's 2nd generation Vision-MR Ablation Catheter under the MDR regime. Commercial launch of the 2nd generation Vision-MR Ablation Catheter and the new AdvantageMR system is planned to commence in June across the EU.

Nanosonics Ltd (ASX: NAN)

The Nanosonics share price is down 7.5% to $4.48. This may have been driven by a broker note out of Bell Potter this morning. According to the note, the broker has downgraded the medical device company's shares to a sell rating with a $4.05 price target. It said: "With FY26 almost upon us, we note consensus revenues are 5% above our forecast. Forecast revenues are generally highly transparent and we expect minimal contribution from the new CORIS device in FY26, hence our view that consensus revenues are cum downgrade at the August result. The note includes our sum of parts valuation assessment which yields a target price of $4.05, accordingly we downgrade to Sell from Hold."

Perpetual Ltd (ASX: PPT)

The Perpetual share price is down 1.5% to $15.39. This morning, analysts at Citi downgraded the fund manager's shares to a neutral rating (from buy) with a reduced price target of $18.25 (from $24.80). It made the move after running the rule over the company's quarterly update, which was released earlier this week.

Tourism Holdings Ltd (ASX: THL)

The Tourism Holdings share price is down 14% to $1.31. The catalyst for this has been the released of a trading update from the recreational vehicles company. The company warned: "Recent global geopolitical and tariff developments have significantly weakened the operating environment and lead to an additional decline in consumer confidence globally. This decline has resulted in further deterioration in vehicle sales demand, impacting both volumes and margins in all countries."

The post Why Imricor, Nanosonics, Perpetual, and Tourism Holdings shares are sinking today 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:

ALS Ltd (ASX: ALQ)

The ALS share price is down almost 10% to $13.53. This morning, this testing services company revealed that its Commodities business has recently encountered volume headwinds within the Minerals division. It advised that volumes in geochemistry and metallurgy remain patchy, and fluctuations have become even more pronounced in July and August. In light of this, management expects its underlying net profit after tax to be down by ~5% during the first half of FY 2025. This is short of what the market was expecting from ALS.

Atlas Arteria Group (ASX: ALX)

The Atlas Arteria share price is down 2.5% to $4.84. This follows the announcement of the toll road operator's next dividend. Atlas Arteria revealed that for the six months ended 30 June 2024, it plans to pay a 20 cents per share dividend. This is consistent with the guidance it provided in its half year results announcement last month. Its shares will go ex-dividend for it on 24 September. After which, the payment will be made to eligible shareholders next month on 7 October.

Kingsgate Consolidated Limited (ASX: KCN)

The Kingsgate Consolidated share price is down 8.5% to $1.24. Investors have been hitting the sell button today after the gold miner released an update on its guidance for FY 2025 and FY 2026. Gold equivalent production is expected in the range of 86,000 to 97,000 ounces this year with all-in sustaining costs (AISC) of US$1,650 to US$1,800 per ounce. Whereas in FY 2026, it is guiding to production of 102,000 to 130,000 ounces with an AISC of US$1,400 to US$1,600 per ounce. Investors appear disappointed with Kingsgate's cost guidance. Though, management has advised that it "is focused on further increasing efficiency and reducing costs, with a view to improving the published ranges."

Tourism Holdings Ltd (ASX: THL)

The Tourism Holdings share price is down 5.5% to $1.77. This has been driven partly by the tourism operator's shares going ex-dividend this morning. Last month, the company released its results and declared a 4.6 cents per share dividend. It will be paid to eligible shareholders next month on 4 October.

The post Why ALS, Atlas Arteria, Kingsgate, and Tourism Holdings shares are dropping today 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:

Block Inc (ASX: SQ2)

The Block share price is down 9% to $105.66. Investors have been selling this payments company's shares after their NYSE-listed shares tumbled on Friday night. That may have been driven by profit-taking after a very strong gain on Thursday night after investors responded very positively to its quarterly update. Block's shares remain up almost 40% over the last six months despite this pullback.

Graincorp Ltd (ASX: GNC)

The Graincorp share price is down 4% to $8.05. This morning, this grain exporter downgraded its earnings guidance for FY 2024. Since the end of the first half, the company's performance has been below expectations. As a result, GrainCorp expects to report FY 2024 underlying EBITDA in the range of $250 million to $280 million. This is down from its previous guidance range of $270 million to $310 million. It also revealed that underlying net profit after tax is now expected to be $60 million to $80 million. This is down from its previous guidance of $65 million to $95 million.

Spark New Zealand Ltd (ASX: SPK)

The Spark New Zealand share price is down 4.5% to $4.06. This has also been driven by an earnings guidance downgraded this morning. The telco now expects FY 2024 EBITDAI to be NZ$1,170 million to NZ$1,210 million. This is down from NZ$1,215 million to NZ$1,260 million previously. Management blamed the downgrade on challenging trading conditions intensifying in some parts of the business. It said: "Since the half, public and private sector spending cuts have deepened, and Spark has seen significantly reduced demand in IT service management and professional services and delays to planned digital transformation projects."

Tourism Holdings Ltd (ASX: THL)

The Tourism Holdings share price is down 37% to $1.64. This is a third company that has downgraded its earnings guidance today. In February, the recreational vehicle company was forecasting full-year net profit of approximately NZ$75 million. However, following a review of all its divisions, management has now reduced its guidance to between NZ$50 million and NZ$53 million. Tough economic conditions have "impacted most regions and business divisions negatively and lowered expectations into Q4."

The post Why Block, Graincorp, Spark, and Tourism Holdings shares are sinking today appeared first on The Motley Fool Australia.

Quite the contrary.

In late morning trade on Monday, shares in the company – which is focused on the rental and sale of recreational vehicles and other tourism-related activities – are down a painful 37.6%.

The ASX All Ords stock entered a trading halt on Thursday pending an announcement it released today. Shares closed on Wednesday, swapping hands for $2.61. At the time of writing, shares are trading for $1.63 apiece.

Any guesses?

If you said Tourism Holdings Ltd (ASX: THL), go to the head of the virtual class.

Here's what the company reported this morning.

ASX All Ords stock under selling pressure

Investors are selling down the ASX All Ords stock after the company announced a sizeable reduction to its FY 2024 net profit after tax (NPAT) guidance.

It was only in February that management forecast Tourism Holdings would achieve a full-year NPAT of approximately NZ$75 million.

However, following a review of all its divisions, management reduced FY 2024 NPAT guidance to between $50 million and $53 million.

The reduced NPAT expectations hammering the ASX All Ords stock today were blamed on a weakening economy.

Tourism Holdings noted this "has impacted most regions and business divisions negatively and lowered expectations into Q4".

According to the company:

Vehicle sales have been a major factor globally, with sales volumes and margins now declining more quickly than expected in most markets.

Over 50% of the overall group earnings before interest and tax (EBIT) decline is attributable to the Australian Retail Dealership division and in particular, a shortfall in the sales volumes of high-margin ex-fleet vehicles.

Management said that while rental yields had generally met expectations, "a recent slowdown in forward booking intakes for the Australasian shoulder season will lead to a poorer rental performance than earlier forecasts" for the remainder of the financial year.

Looking ahead

Looking at what could impact the ASX All Ords stock over the longer term, the company is sticking to its goal of achieving a $100 million NPAT in FY 2026.

Management says it has "considered the assumptions underlying the goal and believe the goal remains appropriate based on a positive rental growth outlook and a recovery in the RV sales market globally".

The year ahead, however, looks like it could continue to be difficult for the ASX All Ords stock.

Tourism Holdings noted its expectations for FY 2025 are now below the FY 2023 pro forma NPAT of $77.1 million.

The post Why did this ASX All Ords stock just crash 38%? 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 dropping:

Camplify Holdings Ltd (ASX: CHL)

The Camplify share price is down 4% to $1.93. This follows news that Tourism Holdings Ltd (ASX: THL) has sold off its stake in the company. According to the release, Tourism Holdings sold its 14.14% stake in the peer-to-peer recreation vehicle rental operator for $1.90 per share. This represents a total consideration of $19.2 million.

Platinum Asset Management Ltd (ASX: PTM)

The Platinum share price is down 5% to $1.14. This may have been driven by profit taking from some investors following a strong gain this month. For example, prior to today, the fund manager's shares were up 14% since the start of March. This was driven by the release of its half-year results after the market close on 29 February.

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price is down over 2% to $120.96. This has been caused by the mining giant's shares going ex-dividend this morning for its final dividend. In fact, if you took this dividend out of the equation, the miner's shares would be pushing higher today. Eligible shareholders can look forward to being paid Rio Tinto's $3.93 per share final dividend next month on 18 April.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is down 3% to $29.62. This has also been driven by the energy giant's shares going ex-dividend this morning. Eligible shareholders will be paid its fully franked 91.5 cents per share final dividend early next month on 4 April.

The post Why Camplify, Platinum, Rio Tinto, and Woodside shares are dropping today appeared first on The Motley Fool Australia.

That's because analysts are currently tipping them as buys and forecasting attractive yields. Here's what they are saying about them:

Charter Hall Retail REIT (ASX: CQR)

The first ASX dividend share for income investors to check out is the Charter Hall Retail REIT.

It is a supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company. Among its tenants are Coles Group Ltd (ASX: COL), Woolworths Group Ltd (ASX: WOW), and Aldi.

Citi is a fan of the company. This is due partly to its "defensive net property income growth despite rising interest rate profile.'

Its analysts are expecting this to underpin dividends of 28 cents per share in both FY 2024 and FY 2025. Based on its current share price of $3.51, this will mean generous yields of 6.8% for investors.

Citi currently has a buy rating and $4.00 price target on its shares.

Tourism Holdings Ltd (ASX: THL)

Another ASX dividend share that has been given the thumbs up is Tourism Holdings. It is the largest commercial recreational vehicle rental operator in the world.

The team at Morgans thinks investors should be buying its shares right now, particularly given its dirt cheap price. The broker highlights that "THL is trading on a recovery year (FY25) PE of only 9.3x, which is attractively priced for a global, market leader."

In addition, Morgans is expecting some decent dividend yields in the near term. It has pencilled in dividends per share of 15 cents in FY 2024 and 17.6 cents in FY 2025. Based on the current Tourism Holdings share price of $3.37, this would mean yields of 4.4% and 5.2%, respectively.

The broker currently has an add rating and $5.02 price target on its shares.

The post 2 ASX dividend shares for income investors to buy today appeared first on The Motley Fool Australia.

But which ones could be good options for income investors right now?

Well, two that analysts are saying good things about are listed below. Here's why they could be in the buy zone:

QBE Insurance Group Ltd (ASX: QBE)

The first ASX dividend stock that analysts are positive on is insurance giant QBE. Goldman Sachs is tipping the company's shares as a buy with an $18.09 price target.

The broker likes QBE because it believes that rates "earned over the next 12 months will likely be well ahead of moderating inflation to offset reinsurance / perils cost pressure and likely support improving underlying trends."

In respect to dividends, the broker expects the above to underpin payouts of 42 US cents per share in FY 2023 and 60 US cents per share in FY 2024. Based on the current QBE share price of $15.02, this will mean yields of 4.3% and 6.2%, respectively.

Tourism Holdings Ltd (ASX: THL)

Another ASX dividend stock that has been given a buy rating by analysts is Tourism Holdings. Morgans currently has an add rating and a $5.02 price target on the shares of the world's largest commercial recreational vehicle rental operator.

The broker believes its shares are too cheap based on its earnings estimates. It highlights that "THL is trading on a recovery year (FY25) PE of only 9.3x, which is attractively priced for a global, market leader."

Morgans is also forecasting some attractive dividend yields in the near term. It expects dividends per share of 15 cents in FY 2024 and 17.6 cents in FY 2025. Based on the current Tourism Holdings share price of $3.20, this would mean yields of 4.7% and 5.5%, respectively.

The post Are these ASX dividend stocks buys? appeared first on The Motley Fool Australia.

That's because brokers expect these shares to provide great yields this year and next. Here's what analysts are forecasting:

Stockland Corporation Ltd (ASX: SGP)

The first ASX dividend share that could be a buy is Stockland. It is a residential and land lease developer and retail, logistics, and office real estate property manager.

Citi continues to rate Stockland as its "preferred exposure among the residential landlords." This is due to its "view of a better-than-market expected residential cycle and strong growth in the non-residential portions of the business."

Its analysts expect this to underpin dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.73, this will mean sizeable yields of 7.2% in both financial years.

Citi has a buy rating and a $5 price target on its shares.

Tourism Holdings Ltd (ASX: THL)

Another ASX dividend share that has been given the thumbs up is Tourism Holdings. It is the largest commercial recreational vehicle rental operator in the world.

Morgans believes its shares are cheap based on its earnings estimates and leadership position. It recently said:

THL is trading on a recovery year (FY25) PE of only 9.3x, which is attractively priced for a global, market leader. We maintain an Add rating.

Morgans is also expecting some attractive dividend yields. It is forecasting dividends per share of 15 cents in FY 2024 and 17.6 cents in FY 2025. Based on the current Tourism Holdings share price of $3.14, this would mean yields of 4.8% and 5.6%, respectively.

The broker has an add rating and a $5.02 price target on its shares.

The post Buy these ASX dividend shares with great yields appeared first on The Motley Fool Australia.

But which ones could be good options for income investors right now? Well, two that analysts are saying positive things about are listed below. Here's why they could be dividend stocks to buy:

Suncorp Group Ltd (ASX: SUN)

The first ASX dividend stock that could be a buy this week according to analysts is Suncorp.

It is one of Australia's leading insurance companies with a portfolio of brands. These include AAMI, Apia, Bingle, Suncorp, and Vero. In addition, the company has banking operations that are in the process of being divested.

Goldman Sachs is a fan of the company. It commented:

We are favourably disposed to Suncorp, noting in large part the tailwinds that exist in the general insurance market – i.e., very strong renewal premium rate increases and the benefit of higher investment yields. We think the strong rate momentum that SUN is getting should likely offset volume pressures as they optimise their risk exposures in certain portfolios such as home but also likely policy lapses / buy downs.

As for dividends, the broker is forecasting fully franked dividends per share of 76 cents in FY 2024 and 81 cents in FY 2025. Based on the current Suncorp share price of $13.53, this will mean yields of 5.6% and 6%, respectively.

Goldman Sachs has a buy rating and a $15.13 price target on its shares.

Tourism Holdings Ltd (ASX: THL)

Another ASX dividend stock that has been given the thumbs up is Tourism Holdings.

Thanks to some recent acquisitions, it is now the largest commercial recreational vehicle rental operator in the world.

Morgans is a fan of the company and believes its shares are too cheap based on its earnings estimates. It said:

THL had a strong FY23 result which beat our forecast (pre-acquisition accounting). The business continues to recover nicely from the COVID induced tourism downturn and benefit from historically high rental yields and merger synergies. While it is too early to provide FY24 earnings guidance, overall, its trading update and outlook comments were generally positive. THL is trading on a recovery year (FY25) PE of only 9.3x, which is attractively priced for a global, market leader. We maintain an Add rating.

Morgans is also expecting some attractive dividend yields. It has pencilled in dividends per share of 15 cents in FY 2024 and 17.6 cents in FY 2025. Based on the current Tourism Holdings share price of $3.33, this would mean yields of 4.5% and 5.3%, respectively.

The broker has an add rating and a $5.02 price target on its shares.

The post 2 buy-rated ASX dividend stocks with big yields appeared first on The Motley Fool Australia.

The team at Forager Australian Shares Fund is especially keen on three All Ords stocks in particular, and it explained why in its latest memo to clients:

'Knocking on the door' of the big boys

Readytech Holdings Ltd (ASX: RDY) makes software for the education and public sectors, plus medium-sized businesses.

The share price has rocketed 20% since 22 August, on the back of annual results that Forager analysts called "a picture of continual growth, improving profit margins and increased cash operating leverage".

"Total revenue climbed 32% for the year while organic revenue (excluding acquisitions) was up 13%.

"This continues the company's strong organic growth, sourced from higher prices, selling more software modules to existing customers and adding new clients."

If all goes according to the company's targets, the Forager team reckons Readytech will be raking in cash profit margins of about 25% of revenue by 2026.

"That would be good enough to drop about $25 million of free cash flow into the business, a very attractive 6% free cash flow yield on today's price, while still growing healthily," the memo read.

"With results like these, Readytech is knocking on the door of the Australian technology big leagues."

Forager has plenty of support with this pick. All five analysts currently surveyed on CMC Markets rate Readytech as a buy.

Famous clients generating big profits 

The Forager analysts were also pleased with RPMGlobal Holdings Ltd (ASX: RUL)'s continued revenue growth during reporting season.

The tech provider to the mining industry is signing up some big-name customers.

"New clients included the likes of BHP Group Ltd (ASX: BHP), Worley Ltd (ASX: WOR) and Mineral Resources Ltd (ASX: MIN), again cementing the quality of the product."

The additional sales are assisting RPMGlobal to boost its cash flow and profit, which are absolutely essential for tech stocks in the current market climate.

"Software revenue rose more than 50%, with 56% of that dropping through to the segment profit line. 

"This is despite the company paying a management incentive during the year for software sales that will be mostly recognised as revenue in subsequent years."

While Forager has been forced to be patient with Readytech and RPMGlobal because their stock prices have "stagnated", its third All Ords pick is on the way up already.

New Zealand business Tourism Holdings Ltd (ASX: THL)'s shares are now more than 15.3% up from a 10 August trough.

"The campervan rental company delivered a great result and provided commentary that gives us confidence in further profit growth into 2024 and beyond," read the Forager memo.

"Forager's profit expectations are higher than broker estimates and, despite a strong rise over the past year, would make the current price look very attractive."

Much will be revealed at the coming annual general meeting, the analysts added.

"Management commentary about permanently higher yields and the continued recovery of international tourism arrivals into Australia and New Zealand supports our view."

The post 'Very attractive current price': 3 All Ords shares Forager is riding to the moon appeared first on The Motley Fool Australia.

That's because, in response to their results releases this week, the team at Morgans has put the equivalent of buy ratings on their shares.

Here's what it is saying about these ASX stocks:

Mineral Resources Ltd (ASX: MIN)

This mining and mining services company gets the thumbs up from Morgans. It was pleased with the company's FY 2023 results. It also notes that the year ahead will be very important and could unlock strong earnings growth in the future. The broker explains:

MIN delivered a mixed P&L performance (underlying beat but it came with impairments), but impressed with its cash flow and dividend performance. We had expected MIN to flex its final dividend given our confidence in the company's balance sheet, but it trounced consensus DPS estimates. FY24 is an important execution year in lithium and iron ore, but it will unlock years of bumper earnings beyond it. Believing MIN has suitable control over its projects and cash flow, we maintain our Add rating looking through FY24 to the material growth beyond.

Morgans has an add rating and a $84 price target on its shares.

Tourism Holdings Ltd (ASX: THL)

Another ASX stock that Morgans is tipping as a buy is Tourism Holdings. It is the largest commercial recreational vehicle rental operator in the world. The broker was impressed with its performance in FY 2023 and feels its shares are cheap based on its earnings estimates. It said:

THL had a strong FY23 result which beat our forecast (pre-acquisition accounting). The business continues to recover nicely from the COVID induced tourism downturn and benefit from historically high rental yields and merger synergies. While it is too early to provide FY24 earnings guidance, overall, its trading update and outlook comments were generally positive. THL is trading on a recovery year (FY25) PE of only 9.3x, which is attractively priced for a global, market leader. We maintain an Add rating.

The broker has an add rating and a $5.02 price target on its shares.

Tyro Payments Ltd (ASX: TYR)

A third ASX stock that Morgans says is a post-results buy is payments company Tyro. It notes that Tyro's result and guidance were ahead of expectations. It said:

TYR's FY23 NPAT of A$6m (FY22 -A$30m) was above consensus of A$2m. The mid-point of FY24 EBITDA guidance (A$55m) was 14% above consensus. Overall, we saw this as a good result, without any large weaknesses. […] We believe TYR now has good operating momentum and we remain encouraged by management's heightened focus on driving improved profitability.

Morgans has an add rating and a $1.85 price target on Tyro's shares.

The post Morgans says these ASX stocks are post-results buys appeared first on The Motley Fool Australia.