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Bell Potter has been running the rule over the retail sector this month and has picked out a number of its key picks. Two ASX dividend shares that get the thumbs up from the broker are listed below. Here's why it thinks these could be top buys for income investors: ( ) This footwear retailer could be an ASX dividend share to buy according to Bell Potter. It likes the company due to its dominance of the local market, which could become even stronger if it rolls out the Sports Direct brand across Australia. It said: Accent Group commands a dominant ~30% market share in the $3b Australian footwear retailing market, in addition to a broader opportunity given the expansion into the athleisure market via its own brands. We continue to view AX1 as a key pick in our retail sector coverage given their scale as Australia's market leader, growth adjacencies in both footwear/apparel from exclusive partnerships & TAF channel conversion and growing vertical brand strategy led by Nude Lucy. We also view the strategic investment by Frasers Group (FRAS) in AX1 (~15%) and the recent board appointment as a step forward to unlocking the sizable store roll-out opportunity of FRAS's core Sports Direct banner in Australia. 13.7 cents per share in FY 2025 and then 15.6 cents per share in FY 2026. Based on its current share price of $2.53, this would mean of 5.4% and 6.2%, respectively. Bell Potter has a buy rating and $2.75 price target on Accent's shares. ( ) Another ASX dividend share that is a key pick for Bell Potter is Premier Investments. It is positive on the company due to its proposed demerger and the positive outlook for its highly profitable Smiggle and Peter Alexander brands. The broker feels that things are so positive that these businesses deserve a re-rating. It explains: In addition to Premier Investments' market share of ~6% in the apparel vertical and ~15% in the stationary space in Australia, the Smiggle brand is also a large player in the UK market. As the Smiggle brand looks to grow its presence in the Middle East & Indonesia via a low-risk wholesale model and Peter Alexander into the UK, we think the two brands have a long runway ahead. With the divestment of the non-core Apparel Brands to Myer (MYR) in an all-script deal expected to be completed in January 2025, we see PMV retaining the higher margin Smiggle and Peter Alexander earnings base post-demerger. We view the highly profitable retail business with domestic:offshore exposure of 70:30 (BPe) growing at ~13% (BPe, FY26e), ~26% stake in Breville Group (BRG), together with property assets valued at cost and a strong cash balance (~$327m, BPe), as worthy of a re-rate in the multiple. Bell Potter is forecasting fully franked dividends per share of 111.7 cents in FY 2025 and then 122.6 cents in FY 2026. Based on the current Premier Investments share price, this equates to dividend yields of 3.1% and 3.4%, respectively. The broker has a buy rating and $38.00 price target on its shares.
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MOMBASA, Kenya, Dec 10 – Harambee Stars legend Musa Otieno is determined to unearth talent in the Coast region at the ongoing Kenya Academy of Sports (KAS) since Mombasa holds a special place in his heart. Click here to connect with us on WhatsApp Being in Kenya’s second city as the main coach for the KAS Coast region, it reminded Otieno way back in 1992 where he was first spotted as a young aspiring footballer. Thirty-two years later on, Otieno is happy to give back to the community, saying the holiday camps have come in handy and will be a conveyer belt for the national football team. “When I look back 1992 in Mombasa, this is where I was spotted and for me to come back and develop the future is a privilege because we normally say he who has the youth has the future and with KAS this is the right direction, in Kenya this is what we have been missing,” Otieno, who was a long serving Harambee Stars head coach said. Harambee Stars captain Musa Otieno giving instructions to players during the Kenya Academy of Sports Holiday Camp in Mombasa (Coast Region). While welcoming the move by KAS to establish the holiday camps, Otieno, who was one of the coaches during the inaugural Talanta Hela initiative, challenged the Kenya Academy of Sports to ensure continuity so as not to lose the talent. “As coaches, our role is to see how we can give these players a good football professionalism at an early age. We just coach them the basics and techniques which they have been lacking. Luckily, these are kids who have been selected from the School Games held in the coast region,” Otieno told Capital Sport. He added, “The big challenge is from there what next? KAS should go further down to primary schools to source for talent. In secondary schools, there are players who will show promise at an early age and can be scouted to go play abroad and that is the path that needs the support.” The boys are based at the Mombasa Baptist Secondary School while girls have pitched camp at the Shimo La Tewa Secondary School and Otieno is so impressed by the players passion and zeal. “Each player has his own talent, for us as coaches is just to open the doors for them. The challenge has always been the breakdown between school coaches and us, but now we bring in professionalism to complete the process.” “KAS now have a data base of all the players, the ones who will do better will be taken to Nairobi for a national elite camp where the best will be selected by international scouts. Kenya is in the right trajectory because if you look at the Talanta Hela programe, it churned out good players, that tells you that it’s something that is good.”Correction: Election 2024-North Carolina-Governor story