2 ASX shares you missed that had cracking results

Information overload during reporting season might have meant you failed to spot this pair of opportunities
The post 2 ASX shares you missed that had cracking results appeared first on The Motley Fool Australia. –

August results season is mayhem for investors.

There are so many different companies to follow. So many numbers to crunch. And so many decisions to make about your ASX shares.

There’s no doubt it can be overwhelming. That’s why even the veterans may miss something.

Fortunately, a couple of experts offered up an ASX stock each that retail investors might have missed.

They’re both businesses that delivered in their 2021 financial year results, and have nice prospects for the future.

Record results, record profit, record dividend

Temple & Webster Group Ltd (ASX: TPW) certainly is the market darling as the online disruptor in the furniture retail sector.

That’s why investors might have missed that old-timer Nick Scali Limited (ASX: NCK) delivered a pretty amazing report last month.

“This one has certainly delivered a record result and record profit, record dividend,” 1851 Capital chief investment officer Chris Stott told a Livewire video. “And it flew well under the radar from a share price perspective — it’s fairly flat.”

Indeed he is right. Nick Scali shares have only risen 1.3% in the past month.

According to Stott, the furniture vendor is “one of the best retailers in the country”.

“The outlook we think is as good as we’ve ever seen for Nick Scali,” he said. “Anthony Scali is running the business and has done this for well over 20 or 30 years.”

The company has expressed interest in acquiring rival retailer Plush, which Stott considers a tailwind.

“If they do, it would be earnings accretive going forward. So we think there’s certainly scope for M&A activity, as well as earnings to surprise on the upside in our opinion,” he said. 

“We think that’s a buy.”

Nick Scali shares are up more than 26% this year, and 47.9% over the last 12 months.

ASX share to buy if you don’t mind coal

Market Matters portfolio manager James Gerrish admits coal is on the nose with investors these days.

But he does like the look of one producer.

“I’m probably going to get shot by viewers here, but Whitehaven Coal Ltd (ASX: WHC),” he said. “Their result, while operationally and financially 2021 wasn’t great, it’s looking good for 2022.”

Whitehaven shares have had a great run already. This year the price is up a whopping 71%, while the stock has rocketed 234% higher over the past 12 months.

For Gerrish, the best part of its August results was the progress in wiping out debt.

“They say if coal prices stay where they are, they’ll be debt-free by the second half of ’22, which I think is a really strong outcome,” he said.

“It reminds me of Fortescue Metals Group Limited (ASX: FMG) when they had debt problems and then they got a really strong commodity price tailwind. So Whitehaven Coal is a stock to buy from me.”

Whitehaven shares flew high on Friday, gaining 6.8%.

The post 2 ASX shares you missed that had cracking results appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

These were the best performing ASX 200 shares last week

Here are the 3 most traded ASX 200 shares on Thursday

The Whitehaven Coal (ASX:WHC) share price is up 20% in the last week
2 leading ASX dividend shares to consider for income

Whitehaven (ASX:WHC) share price rebounds 5% on earnings

Motley Fool contributor Tony Yoo owns shares of Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!