To The Moon

🦘 🦘 🦘 🐨 🐨 🇦🇺 G'day, you savvy savers! Time to hop on the investment koala-ty train and ride the profits like true Aussie tigers! 🇦🇺 🐨 🐨 🦘 🦘 🦘

$QANTAS AIRWAYS LIMITED(QAN.AU)$ $Metrics Income Opportunities Trust(MOT.AU)$ $PROPEL FUNERAL PARTNERS LTD(PFP.AU)$ 

ASX Revolution: Embracing a Unified Opening Time for Market Momentum

14 Apr 2024

For the second week running, utility shares dominated ASX 200 sectors, securing a 2.92% gain across five trading days. The S&P/ASX 200 Index (ASX: XJO) saw a marginal 0.045% increase, closing at 7,788.1 points on Friday. Thursday's revelation of higher-than-anticipated US inflation figures rattled the market, with analysts predicting a delay in the Federal Reserve's initial interest rate reduction.

The ASX, uniquely at present, opens in staggered groups. However, a proposed plan aims to shift to a single opening time to reduce volatility, align with global exchanges, and enhance efficiency.

This transition introduces a new session state called 'Opening Single Price Auction' (OSPA) to facilitate an orderly open before continuous trading begins.

For investors, the changes may impact trading strategies differently: scalpers may see fewer opportunities, intraday traders need to focus on stock selection, while long-term investors may be minimally affected as stock holdings open slightly earlier.

ASX stocks I’m watching this next week:

I’m currently holding long since December 23 with a 7.3% return:

Propel Funeral Partners Ltd (AU: PFP)

Propel stands as the second-largest funeral operator in Australia and New Zealand, making it a compelling investment opportunity in an industry known for its defensive nature. As the adage goes, only two things are certain in life – death and taxes, and while we can't invest in the Australian Taxation Office (ATO), we can certainly capitalize on the steady demand for funeral services.

With the funeral industry poised to benefit from a projected increase in death volumes of 2.5% per annum from 2023 to 2030 and 2.9% from 2030 to 2040, Propel is well-positioned to capitalize on this trend. Furthermore, the company's average revenue per funeral is on the rise, having increased by 4.5% in the FY24 first-half period to $6,630.

By leveraging both organic growth opportunities and strategic acquisitions to expand its geographic footprint, Propel is primed for continued revenue expansion. Projections on Commsec suggest that the company is set to achieve robust earnings per share (EPS) growth of 23% between FY24 and FY26.

In summary, Propel presents an enticing investment opportunity with a defensive industry profile, promising revenue growth fueled by increasing death volumes and rising revenue per funeral. With a track record of strategic acquisitions and optimistic EPS growth projections, Propel emerges as a strong contender for investors seeking stability and growth in their portfolios. Propel closed the week at $5.36

Looking to invest in:

Qantas Airways Limited (AU: QAN)

Goldman Sachs analysts have reaffirmed their buy rating and $8.05 price target on the airline operator's shares following the announcement of a significant update to the company's Frequent Flyer program. This update introduces Classic Plus rewards, expanding the availability of over 20 million additional reward seats for redemption by the end of 2024. While Goldman Sachs has slightly adjusted its earnings estimates for FY 2024 to account for these changes, it has also raised medium-term earnings projections. Consequently, the brokerage firm maintains its valuation unchanged and remains confident that the shares are undervalued. Qantas share price closed the week at $5.72.

Definitely buying this ETF soon:

Metrics Income Opportunities Trust (AU:MOT)

Metrics Income Opportunities Trust (MOT, formerly MCP Income Opportunities Trust) seeks to provide investors exposure to a portfolio of private credit investments. The Investment Objective of the Trust is to provide monthly cash income, preserve investor capital and manage investment risks, while seeking to provide potential for upside gains through investments in private credit and other assets such as Warrants, Options, Preference Shares and Equity.

This stock has an absolutely remarkable dividend habit! Firstly, it pays out monthly, rather than just twice a year.Secondly, adding up the past 12 dividends gives it an impressive yield of 9.2%. If you go back the last three years of monthly payouts, the yield is around 8%.

Strewth! Happy investing, you great bunch of Tiger mates! Have a ripper of a week ahead, mates! Fair dinkum, make it a corker!

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