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News.com.au
2 hours ago
- News.com.au
Stock Tips: It's lithium, property, supermarkets and… water for the win
It's no easy gig analysing share prices and company performance but somebody's got to do it. Every week two experts from our Share Tips columnist pool give us their recommendations. Jed Richards – Shaw and Partners BUY Cromwell Property Group (ASX:CMW) Trades at a notable discount to its net asset backing, presenting a value opportunity for income-focused investors. Offers a strong quarterly dividend yield of about 7.6% and its portfolio includes office properties, primarily leased to government and listed tenants, which contribute about 68% of its gross income. Assets are held for long-term investment and generate stable rental cash flows. Cromwell combines reliable income with potential capital upside. Duxton Water (ASX:D2O) Trading at a discount to its net asset backing, offering a compelling entry point for income and value investors. It provides a dividend yield of 4.98%, paid semi-annually, with consistent growth. The company owns a diversified portfolio of permanent water entitlements across the southern Murray-Darling Basin. With drought conditions emerging in parts of South Australia and Victoria, demand for water is rising, supported by government buyback programs. Benefits from stable annuity-style income through long-term leases to agricultural users. HOLD Santos (ASX:STO) Remains a solid energy holding with exposure to LNG and gas markets across Australia and Asia. The company is currently under a takeover proposal from a major international consortium, highlighting its strategic importance and potential value. While the offer is still under review and subject to due diligence and regulatory approval, it presents possible upside for shareholders. Santos continues to generate strong cash flow and maintains a stable outlook, making it a prudent hold. BWP Trust (ASX:BWP) Offers a solid, reliable yield supported by long-term leases to high-quality tenants, notably Bunnings Warehouse. This relationship provides consistent rental income and low vacancy risk. The trust holds a portfolio of well-located retail properties across Australia, with a focus on large-format retail. While growth may be modest, the income stability and defensive nature of its assets make BWP a prudent hold for investors seeking dependable returns in a low-volatility environment. SELL Origin Energy (ASX:ORG) Has performed well recently and now appears to be trading above fair value. We are locking in profits at this stage given limited near-term growth catalysts. While Origin remains a solid energy provider, its valuation looks stretched compared to peers. For investors seeking better value and income, AGL Energy offers a more attractive alternative, with stronger yield and improving fundamentals. Technology One (ASX:TNE) Has delivered strong share price increases, but now trades at a very high PE ratio – over 97 – making it one of the most expensive stocks on the ASX. Its dividend yield is low, under 1%, which limits income appeal. The company provides enterprise software solutions for government, education, and corporate clients, including financials, asset management, and HR systems. However, competition in cloud-based enterprise software is intensifying, and much of the growth appears priced in. I suggest locking in profits at current levels. Chris Haynes – Equity Trustees BUY Pilbara Minerals (ASX:PLS) One of the largest and most efficient producers of lithium globally, which is a key component in battery production. The lithium price has collapsed over the past 18 months due to excess supply. However, there are signs of supply reductions and a potential bottoming in the lithium price. PLS is well positioned to benefit from a recovery. High risk, but high potential return. Coles Group (ASX:COL) The new CEO has been executing effectively, with improving margins and solid revenue growth. COL has invested heavily in logistics and fulfilment over the past few years. These investment programs are nearing completion, and the full benefits are expected to flow through. This is a good time to invest in a well-known household name. HOLD Reliance Worldwide (ASX:RWC) Designs, manufactures and distributes branded water flow and control products for the plumbing industry. The key revenue driver is US housing starts, which have been sluggish due to mortgage rates around 7%, making home buying prohibitive. Once the outlook for rates improves, the stock price is expected to move upward. Lynas (ASX:LYC) Produces rare earth minerals used in critical products such as magnets. Volumes and realised pricing have been strong, and the share price has performed well. LYC is in a strong position as a dominant supplier outside of China. The company has announced potential growth projects in Malaysia and Korea. While the stock trades at relatively high multiples, these projects offer upside potential. Some consolidation in the share price is warranted. SELL Charter Hall (ASX:CHC) Manages and invests in office, retail, and industrial properties. The stock price has risen approximately 50% this calendar year, while the earnings outlook has only mildly improved. As a result, the price-to-earnings multiple is well above long-term averages. It's a good time to take profits. Atlas Arteria (ASX:ALX) Owns, operates and develops toll roads globally. Its major investment in the French toll road APRR faces challenges, particularly due to a government that is somewhat hostile to corporate ownership of toll roads. The recent strength in the share price presents a good opportunity to take profits.
The Advertiser
3 hours ago
- The Advertiser
US appeals court keeps ban on LA immigration arrests
A federal appeals court has affirmed a lower court's decision temporarily barring US government agents from making immigration-related arrests in Los Angeles without probable cause. Rejecting the Trump administration's request to pause the lower court's order, the three-judge appeals panel ruled the plaintiffs would likely be able to prove that federal agents had carried out arrests based on people's appearance, language and where they lived or worked. President Donald Trump called National Guard troops and US Marines into Los Angeles in June in response to protests against the immigration raids, marking an extraordinary use of military force to support civilian police operations within the United States. The city of Los Angeles and other Southern California municipalities joined a lawsuit filed in June by the American Civil Liberties Union, accusing federal agents of using unlawful police tactics such as racial profiling to meet immigration arrest quotas set by the administration. A California judge in July blocked the Trump administration from racially profiling immigrants as it seeks deportation targets and from denying immigrants' right to access to lawyers during their detention. In Friday's unsigned decision, the judges of the US Court of Appeals for the Ninth Circuit largely rejected the administration's appeal of the temporary restraining order. The judges agreed with the lower court in blocking federal officials from detaining people based solely on "apparent race or ethnicity", speaking Spanish or accented English, or being at locations such as a "bus stop, car wash, tow yard, day labourer pick up site, agricultural site, etc". The Department of Homeland Security and US Immigration and Customs Enforcement did not immediately respond to requests for comment outside business hours. Los Angeles Mayor Karen Bass called the order a victory for the city. "The Temporary Restraining Order that has been protecting our communities from immigration agents using racial profiling and other illegal tactics when conducting their cruel and aggressive enforcement raids and sweeps will remain in place for now," she said in a statement. Mohammad Tajsar, senior staff lawyer at the ACLU Foundation of Southern California, also welcomed the ruling. "This decision is further confirmation that the administration's paramilitary invasion of Los Angeles violated the Constitution and caused irreparable injury across the region," he said in a statement. A federal appeals court has affirmed a lower court's decision temporarily barring US government agents from making immigration-related arrests in Los Angeles without probable cause. Rejecting the Trump administration's request to pause the lower court's order, the three-judge appeals panel ruled the plaintiffs would likely be able to prove that federal agents had carried out arrests based on people's appearance, language and where they lived or worked. President Donald Trump called National Guard troops and US Marines into Los Angeles in June in response to protests against the immigration raids, marking an extraordinary use of military force to support civilian police operations within the United States. The city of Los Angeles and other Southern California municipalities joined a lawsuit filed in June by the American Civil Liberties Union, accusing federal agents of using unlawful police tactics such as racial profiling to meet immigration arrest quotas set by the administration. A California judge in July blocked the Trump administration from racially profiling immigrants as it seeks deportation targets and from denying immigrants' right to access to lawyers during their detention. In Friday's unsigned decision, the judges of the US Court of Appeals for the Ninth Circuit largely rejected the administration's appeal of the temporary restraining order. The judges agreed with the lower court in blocking federal officials from detaining people based solely on "apparent race or ethnicity", speaking Spanish or accented English, or being at locations such as a "bus stop, car wash, tow yard, day labourer pick up site, agricultural site, etc". The Department of Homeland Security and US Immigration and Customs Enforcement did not immediately respond to requests for comment outside business hours. Los Angeles Mayor Karen Bass called the order a victory for the city. "The Temporary Restraining Order that has been protecting our communities from immigration agents using racial profiling and other illegal tactics when conducting their cruel and aggressive enforcement raids and sweeps will remain in place for now," she said in a statement. Mohammad Tajsar, senior staff lawyer at the ACLU Foundation of Southern California, also welcomed the ruling. "This decision is further confirmation that the administration's paramilitary invasion of Los Angeles violated the Constitution and caused irreparable injury across the region," he said in a statement. A federal appeals court has affirmed a lower court's decision temporarily barring US government agents from making immigration-related arrests in Los Angeles without probable cause. Rejecting the Trump administration's request to pause the lower court's order, the three-judge appeals panel ruled the plaintiffs would likely be able to prove that federal agents had carried out arrests based on people's appearance, language and where they lived or worked. President Donald Trump called National Guard troops and US Marines into Los Angeles in June in response to protests against the immigration raids, marking an extraordinary use of military force to support civilian police operations within the United States. The city of Los Angeles and other Southern California municipalities joined a lawsuit filed in June by the American Civil Liberties Union, accusing federal agents of using unlawful police tactics such as racial profiling to meet immigration arrest quotas set by the administration. A California judge in July blocked the Trump administration from racially profiling immigrants as it seeks deportation targets and from denying immigrants' right to access to lawyers during their detention. In Friday's unsigned decision, the judges of the US Court of Appeals for the Ninth Circuit largely rejected the administration's appeal of the temporary restraining order. The judges agreed with the lower court in blocking federal officials from detaining people based solely on "apparent race or ethnicity", speaking Spanish or accented English, or being at locations such as a "bus stop, car wash, tow yard, day labourer pick up site, agricultural site, etc". The Department of Homeland Security and US Immigration and Customs Enforcement did not immediately respond to requests for comment outside business hours. Los Angeles Mayor Karen Bass called the order a victory for the city. "The Temporary Restraining Order that has been protecting our communities from immigration agents using racial profiling and other illegal tactics when conducting their cruel and aggressive enforcement raids and sweeps will remain in place for now," she said in a statement. Mohammad Tajsar, senior staff lawyer at the ACLU Foundation of Southern California, also welcomed the ruling. "This decision is further confirmation that the administration's paramilitary invasion of Los Angeles violated the Constitution and caused irreparable injury across the region," he said in a statement. A federal appeals court has affirmed a lower court's decision temporarily barring US government agents from making immigration-related arrests in Los Angeles without probable cause. Rejecting the Trump administration's request to pause the lower court's order, the three-judge appeals panel ruled the plaintiffs would likely be able to prove that federal agents had carried out arrests based on people's appearance, language and where they lived or worked. President Donald Trump called National Guard troops and US Marines into Los Angeles in June in response to protests against the immigration raids, marking an extraordinary use of military force to support civilian police operations within the United States. The city of Los Angeles and other Southern California municipalities joined a lawsuit filed in June by the American Civil Liberties Union, accusing federal agents of using unlawful police tactics such as racial profiling to meet immigration arrest quotas set by the administration. A California judge in July blocked the Trump administration from racially profiling immigrants as it seeks deportation targets and from denying immigrants' right to access to lawyers during their detention. In Friday's unsigned decision, the judges of the US Court of Appeals for the Ninth Circuit largely rejected the administration's appeal of the temporary restraining order. The judges agreed with the lower court in blocking federal officials from detaining people based solely on "apparent race or ethnicity", speaking Spanish or accented English, or being at locations such as a "bus stop, car wash, tow yard, day labourer pick up site, agricultural site, etc". The Department of Homeland Security and US Immigration and Customs Enforcement did not immediately respond to requests for comment outside business hours. Los Angeles Mayor Karen Bass called the order a victory for the city. "The Temporary Restraining Order that has been protecting our communities from immigration agents using racial profiling and other illegal tactics when conducting their cruel and aggressive enforcement raids and sweeps will remain in place for now," she said in a statement. Mohammad Tajsar, senior staff lawyer at the ACLU Foundation of Southern California, also welcomed the ruling. "This decision is further confirmation that the administration's paramilitary invasion of Los Angeles violated the Constitution and caused irreparable injury across the region," he said in a statement.
The Advertiser
3 hours ago
- The Advertiser
India will continue to buy Russian oil, officials say
India will keep purchasing oil from Russia despite US President Donald Trump's threats of penalties, two Indian government sources say, not wishing to be identified due to the sensitivity of the matter. "These are long-term oil contracts," one of the sources said. "It is not so simple to just stop buying overnight." Trump indicated in a Truth Social post in July that India would face additional penalties for purchases of Russian arms and oil. On Friday, Trump told reporters that he had heard India would no longer be buying oil from Russia. The New York Times on Saturday quoted two unnamed senior Indian officials as saying there had been no change in Indian government policy, with one official saying the government had "not given any direction to oil companies" to cut back imports from Russia. Reuters reported this week that Indian state refiners stopped buying Russian oil in the past week after discounts narrowed in July. "On our energy sourcing requirements ... we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances," India's foreign ministry spokesperson Randhir Jaiswal told reporters during a regular briefing on Friday. Jaiswal said India had a "steady and time-tested partnership" with Russia, and that New Delhi's relations with various countries stood on their merit and should not be viewed from the prism of a third country. The White House did not immediately respond to requests for comment. Indian refiners are pulling back from Russian crude as discounts shrink to their lowest since 2022, when Western sanctions were first imposed on Moscow, due to lower Russian exports and steady demand, sources said earlier this week. The country's state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so, four sources familiar with the refiners' purchase plans told Reuters. On July 14, Trump threatened 100 per cent tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the top supplier to India, responsible for about 35 per cent of India's overall supplies. Russia continued to be the top oil supplier to India during the first six months of 2025, accounting for about 35 per cent of India's overall supplies, followed by Iraq, Saudi Arabia and the United Arab Emirates. India, the world's third-largest oil importer and consumer, received about 1.75 million barrels per day of Russian oil in January-June this year, up one per cent from a year ago, according to data provided to Reuters by sources. Nayara Energy, a major buyer of Russian oil, was recently sanctioned by the European Union as the refinery is majority-owned by Russian entities, including oil major Rosneft. In July, Reuters reported that Nayara's chief executive had resigned after the imposition of EU sanctions and company veteran Sergey Denisov had been appointed as CEO. Three vessels laden with oil products from Nayara Energy have yet to discharge their cargoes, hindered by the new EU sanctions on the Russia-backed refiner, Reuters reported in July. India will keep purchasing oil from Russia despite US President Donald Trump's threats of penalties, two Indian government sources say, not wishing to be identified due to the sensitivity of the matter. "These are long-term oil contracts," one of the sources said. "It is not so simple to just stop buying overnight." Trump indicated in a Truth Social post in July that India would face additional penalties for purchases of Russian arms and oil. On Friday, Trump told reporters that he had heard India would no longer be buying oil from Russia. The New York Times on Saturday quoted two unnamed senior Indian officials as saying there had been no change in Indian government policy, with one official saying the government had "not given any direction to oil companies" to cut back imports from Russia. Reuters reported this week that Indian state refiners stopped buying Russian oil in the past week after discounts narrowed in July. "On our energy sourcing requirements ... we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances," India's foreign ministry spokesperson Randhir Jaiswal told reporters during a regular briefing on Friday. Jaiswal said India had a "steady and time-tested partnership" with Russia, and that New Delhi's relations with various countries stood on their merit and should not be viewed from the prism of a third country. The White House did not immediately respond to requests for comment. Indian refiners are pulling back from Russian crude as discounts shrink to their lowest since 2022, when Western sanctions were first imposed on Moscow, due to lower Russian exports and steady demand, sources said earlier this week. The country's state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so, four sources familiar with the refiners' purchase plans told Reuters. On July 14, Trump threatened 100 per cent tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the top supplier to India, responsible for about 35 per cent of India's overall supplies. Russia continued to be the top oil supplier to India during the first six months of 2025, accounting for about 35 per cent of India's overall supplies, followed by Iraq, Saudi Arabia and the United Arab Emirates. India, the world's third-largest oil importer and consumer, received about 1.75 million barrels per day of Russian oil in January-June this year, up one per cent from a year ago, according to data provided to Reuters by sources. Nayara Energy, a major buyer of Russian oil, was recently sanctioned by the European Union as the refinery is majority-owned by Russian entities, including oil major Rosneft. In July, Reuters reported that Nayara's chief executive had resigned after the imposition of EU sanctions and company veteran Sergey Denisov had been appointed as CEO. Three vessels laden with oil products from Nayara Energy have yet to discharge their cargoes, hindered by the new EU sanctions on the Russia-backed refiner, Reuters reported in July. India will keep purchasing oil from Russia despite US President Donald Trump's threats of penalties, two Indian government sources say, not wishing to be identified due to the sensitivity of the matter. "These are long-term oil contracts," one of the sources said. "It is not so simple to just stop buying overnight." Trump indicated in a Truth Social post in July that India would face additional penalties for purchases of Russian arms and oil. On Friday, Trump told reporters that he had heard India would no longer be buying oil from Russia. The New York Times on Saturday quoted two unnamed senior Indian officials as saying there had been no change in Indian government policy, with one official saying the government had "not given any direction to oil companies" to cut back imports from Russia. Reuters reported this week that Indian state refiners stopped buying Russian oil in the past week after discounts narrowed in July. "On our energy sourcing requirements ... we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances," India's foreign ministry spokesperson Randhir Jaiswal told reporters during a regular briefing on Friday. Jaiswal said India had a "steady and time-tested partnership" with Russia, and that New Delhi's relations with various countries stood on their merit and should not be viewed from the prism of a third country. The White House did not immediately respond to requests for comment. Indian refiners are pulling back from Russian crude as discounts shrink to their lowest since 2022, when Western sanctions were first imposed on Moscow, due to lower Russian exports and steady demand, sources said earlier this week. The country's state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so, four sources familiar with the refiners' purchase plans told Reuters. On July 14, Trump threatened 100 per cent tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the top supplier to India, responsible for about 35 per cent of India's overall supplies. Russia continued to be the top oil supplier to India during the first six months of 2025, accounting for about 35 per cent of India's overall supplies, followed by Iraq, Saudi Arabia and the United Arab Emirates. India, the world's third-largest oil importer and consumer, received about 1.75 million barrels per day of Russian oil in January-June this year, up one per cent from a year ago, according to data provided to Reuters by sources. Nayara Energy, a major buyer of Russian oil, was recently sanctioned by the European Union as the refinery is majority-owned by Russian entities, including oil major Rosneft. In July, Reuters reported that Nayara's chief executive had resigned after the imposition of EU sanctions and company veteran Sergey Denisov had been appointed as CEO. Three vessels laden with oil products from Nayara Energy have yet to discharge their cargoes, hindered by the new EU sanctions on the Russia-backed refiner, Reuters reported in July. India will keep purchasing oil from Russia despite US President Donald Trump's threats of penalties, two Indian government sources say, not wishing to be identified due to the sensitivity of the matter. "These are long-term oil contracts," one of the sources said. "It is not so simple to just stop buying overnight." Trump indicated in a Truth Social post in July that India would face additional penalties for purchases of Russian arms and oil. On Friday, Trump told reporters that he had heard India would no longer be buying oil from Russia. The New York Times on Saturday quoted two unnamed senior Indian officials as saying there had been no change in Indian government policy, with one official saying the government had "not given any direction to oil companies" to cut back imports from Russia. Reuters reported this week that Indian state refiners stopped buying Russian oil in the past week after discounts narrowed in July. "On our energy sourcing requirements ... we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances," India's foreign ministry spokesperson Randhir Jaiswal told reporters during a regular briefing on Friday. Jaiswal said India had a "steady and time-tested partnership" with Russia, and that New Delhi's relations with various countries stood on their merit and should not be viewed from the prism of a third country. The White House did not immediately respond to requests for comment. Indian refiners are pulling back from Russian crude as discounts shrink to their lowest since 2022, when Western sanctions were first imposed on Moscow, due to lower Russian exports and steady demand, sources said earlier this week. The country's state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so, four sources familiar with the refiners' purchase plans told Reuters. On July 14, Trump threatened 100 per cent tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the top supplier to India, responsible for about 35 per cent of India's overall supplies. Russia continued to be the top oil supplier to India during the first six months of 2025, accounting for about 35 per cent of India's overall supplies, followed by Iraq, Saudi Arabia and the United Arab Emirates. India, the world's third-largest oil importer and consumer, received about 1.75 million barrels per day of Russian oil in January-June this year, up one per cent from a year ago, according to data provided to Reuters by sources. Nayara Energy, a major buyer of Russian oil, was recently sanctioned by the European Union as the refinery is majority-owned by Russian entities, including oil major Rosneft. In July, Reuters reported that Nayara's chief executive had resigned after the imposition of EU sanctions and company veteran Sergey Denisov had been appointed as CEO. Three vessels laden with oil products from Nayara Energy have yet to discharge their cargoes, hindered by the new EU sanctions on the Russia-backed refiner, Reuters reported in July.
