Alas, we are now victim to the renowned MF "kiss of death".

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20/07/22

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Post #: 62638218
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Originally posted by lakilucky: ↑

Best ASX shares to buy in July 2022
Looking to snare some fresh ASX shares to invigorate your portfolio in the new financial year?

Motley Fool Staff
@TheMotleyFoolAuPublishedJuly 1, 7:30 am AEST
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Image source: Getty Images
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today toget instant access to our top analyst recommendations, in-depth research, investing resources, and more.Learn More
As we leave a volatile FY22 behind us, many investors will be hoping for a calmer trading environment in the new financial year. Will the ASX share market gain fresh momentum? For their thoughts, we asked our Foolish contributors to compile a list of the ASX shares they reckon could deliver wealth in the years ahead. Here is what the team came up with.
9 best ASX shares for July 2022 (smallest to largest)
Airtasker Ltd(ASX: ART), $118.8 million
Kogan.com Ltd(ASX: KGN), $309 million
Adairs Ltd(ASX: ADH), $329.7 million
BUBS Australia Ltd(ASX: BUB), $379 million
Rural Funds Group(ASX: RFF), $994.5 million
Deterra Royalties Ltd(ASX: DRR), $2.31 billion
NIB Holdings Limited(ASX: NHF), $3.41 billion
ResMed Inc.(ASX: RMD), $12.45 billion
BHP Group Ltd(ASX: BHP), $216.5 billion
(Market capitalisations as of 30 June 2022)
Why our Foolish writers love these ASX shares
Airtasker Ltd
What it does: Airtasker owns an online local services platform that enables people who need a task completed to connect with people who want the work. Examples of task categories include furniture assembly, removalists, website design, handyman services and accounting.
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Aug '21Sep '21Oct '21Nov '21Dec '21Jan '22Feb '22Mar '22Apr '22May '22Jun '22Jul '22Sep '21Nov '21Jan '22Mar '22May '22Jul '220.250.50.751Zoom1M3M6MYTD1Y5Y10YALLJul 20, 2021→Jul 19, 2022Highcharts.com
ByTristan Harrison:Volatility in the Airtasker share price has seen it fall more than 60% in 2022. I think this makes the company an attractive investment opportunity when we consider its ongoinggrowth and potential.
In the FY22 third quarter, Airtasker saw revenue rise by 21.2% to $8.6 million, while also generating $1 million of positive operating cash flow.
It’s rapidly growing internationally, opening up large potential markets. Third-quarter gross marketplace volume in the United Kingdom jumped 138% year-on-year, while posted task growth in the United States rose 90% quarter-on-quarter.
With a gross profit margin of more than 90%, I think this business can become very profitable as it realises scale benefits and doesn’t need to heavily invest for growth.
Motley Fool contributor Tristan Harrison does not own shares of Airtasker Ltd.

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Alas, we are now victim to the renowned MF "kiss of death".
ART Price at posting: 29.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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