The Scentre Group (ASX: SCG) share price is one to watch this morning ahead of the company’s annual general meeting (AGM) as Aussie retailers push for rent agreement changes across the country.

Why is the Scentre share price on watch?

The Aussie REIT will hold its AGM at 10am this morning. Shareholders attending the virtual event will hear from CEO Peter Allen and chair Brian Schwartz AM. Three Scentre directors will stand for election, giving shareholders the chance to vote on the board composition.

The Scentre share price is one to watch after a big year on the ASX. The impact of the coronavirus pandemic smashed Scentre shares in 2020. Shares in the retail real estate group slumped lower as widespread lockdowns hit bricks and mortar retail hard. Tightening restrictions put tenants under pressure to continue with lease payments as some decided to break leases altogether.

That saw the introduction of a new National Code of Conduct for commercial leases. According to an article in the Australian Financial Review (AFR), retailers are now “winning the battle for lower rents“. That might see a knock-on effect from changing leases on earnings and the Scentre share price.

Landlords such as Scentre are reportedly being brought to the negotiating table on the issue of rent. Tough negotiations from major retailing groups like Premier Investments Limited (ASX: PMV) is seeing rents be reset to lower base rates amid lower foot traffic following the COVID-19 peak.

According to the article, the online retail boom is causing a rethink of arrangements. That includes some retailers agreeing to pay rent on Click and Collect online sales in return for other concessions in their agreements, said Australian Retailers Association chief executive Paul Zahra.

Scentre declined to comment to the AFR, but CEO Peter Allen confirmed in February’s full-year results release that Scentre had maintained its lease arrangements structure. That structure broadly consists of tenants paying fixed base rents with annual incremental adjustments.

Foolish takeaway

The Scentre share price is one to watch today after the latest lease agreement article in the AFR and the Aussie REIT’s AGM. 

More reading

• Vanguard Australian Property ETF (ASX:VAP) announces dividend
• Retail shares: buy what you know, but who owns what you buy?
• 2 ASX retail shares delivering strong growth
• 2 ASX REITs to grab (and 2 to avoid): fundie

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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With the Australian share market in such positive form, it will come as no surprise to learn that a number of shares have been pushing higher.

Some of these shares have been pushing so hard they have reached 52-week highs or better. Here’s why these shares are on fire right now:

Aristocrat Leisure Limited (ASX: ALL)

The Aristocrat share price was on form and climbed to a 52-week high of $35.95 on Wednesday. Investors have been buying this gaming technology company’s shares on the belief that it is well-placed for growth over the medium term once the pandemic passes. This is due to its industry-leading poker machines and its growing digital business. Also giving its shares a lift was its analyst briefing last week which saw management speak very positively about its recovery from the pandemic. It revealed a stronger than expected recovery and market share gains.

EML Payments Ltd (ASX: EML)

The EML share price surged to a record high of $5.80 yesterday. The catalyst for this was the announcement of the acquisition of Sentenial Limited for up to 110 million euros (~A$170.7 million). Sentenial is a leading European Open Banking and Account-to-Account (A2A) payments provider, utilising a cloud-native, API-first, full stack enterprise grade payment platform. Management sees the acquisition as an opportunity to deepen customer relationships, enter new industry verticals, and diversify its revenue streams.

Life360 Inc (ASX: 360)

The Life360 share price hit a 52-week high of $4.99 on Wednesday. Investors have been buying the family social networking app provider’s shares since the release of a strong full year result in February. For the 12 months ended 31 December, Life360 reported a 39% year-on-year increase in normalised revenue to US$81.6 million. This was at the upper end of its guidance range of US$79 million to US$82 million. At the end of the period, the Life360 app had 26.5 million monthly active users, which was close to its pre-COVID high of 27.2 million. Also giving the Life360 share price a boost this year has been the appointment of Randi Zuckerberg as an independent non-executive director. She is the sister of Facebook founder Mark Zuckerberg.

More reading

• 2 quality ASX shares to buy this week
• ASX 200 rises, EML jumps, Zip falls
• Leading broker names its best ASX share ideas for April
• ASX 200 up 0.25%: EML surges on acquisition news, Westpac’s APRA update
• Why EML, NextDC, Qantas, & Recce shares are racing higher

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends EML Payments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Life360, Inc. The Motley Fool Australia has recommended EML Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Are you looking for some dividend shares to add to your portfolio? Then take a look at the ones listed below.

Here’s why these dividend shares could be great options for income investors right now:

Aventus Group (ASX: AVN)

The first ASX dividend share to consider is Aventus. It is a fully integrated owner, manager, and developer of large format retail centres.

Thanks to its focus on the household goods sector and everyday needs, which have been performing positively during the pandemic, Aventus has been able to collect rent largely as normal in FY 2021.

In fact, the company reported a 6.5% increase in funds from operations (FFO) to $55.9 million during the first half. Positively, more of the same is expected in the second half.

One broker that was pleased with its result was Goldman Sachs. Following the release, the broker reiterated its buy rating and $3.04 price target on its shares. Goldman is also forecasting a 16.6 cents per share full year dividend in FY 2021.

Based on the latest Aventus share price of $2.91, this represents a generous 5.7% dividend yield.

Wesfarmers Ltd (ASX: WES)

This conglomerate could be another ASX dividend share to buy. Wesfarmers has been a very positive performance during the pandemic, with the majority of its businesses delivering solid sales and profit growth.

This underpinned a very strong first half performance, which saw Wesfarmers report a 16.6% increase in revenue to $17,774 million and a 25.5% jump in net profit after tax to $1,414 million.

Goldman Sachs was also pleased with this result. In response to it, the broker put a buy rating and $59.70 price target on its shares. Goldman is also forecasting a fully franked dividend of $1.88 per share in FY 2021.

Based on the latest Wesfarmers share price of $53.53, this represents an attractive 3.5% yield.

More reading

• How are these ASX 200 retail shares tracking after JobKeeper’s end?
• 2 great ASX 200 blue chip shares for dividends
• 2 COVID-19 ASX shares to buy
• Why the Wesfarmers (ASX:WES) share price is up today
• 2 high yield ASX dividend shares to buy right now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Wesfarmers Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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More reading

• Should income investors buy Sonic Healthcare (ASX:SHL) shares?
• 5 things to watch on the ASX 200 on Thursday
• 3 great reasons to own Pro Medicus (ASX:PME) shares
• 2 quality ASX shares to buy this week
• ASX 200 rises, EML jumps, Zip falls

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Kate O’Brien owns shares of Apple and Rio Tinto Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), and Apple. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Based on comments out of the Reserve Bank of Australia this week, interest rates look likely to remain at ultra low levels for some time to come.

In light of this, if you’re looking to earn a passive income, then dividend shares might be the answer.

But which dividend shares should you buy? One quality option to consider is listed below:

Sonic Healthcare Limited (ASX: SHL)

Sonic Healthcare is one of the world’s leading providers of medical diagnostics. Over the years, it has earned itself a reputation for excellence in laboratory medicine, pathology, diagnostic imaging, radiology, and primary care medical services across operations in Australasia, Europe, and North America.

This excellence has been on display for all to see over the last 12 months, with Sonic playing a big role in COVID-19 testing globally.

Positively, this and a solid performance across the rest of the business, has led to the company delivering stellar earnings growth so far in FY 2021. During the first half, Sonic reported a 33% increase in revenue to $4.4 billion and a 166% increase in first half net profit to $678 million.

Analysts at Credit Suisse have been impressed with its performance. So much so, they have recently retained their buy rating and $40.00 price target on its shares. The broker is also forecasting dividends of 93 cents per share in FY 2021 and 97 cents per share in FY 2022.

Based on the latest Sonic share price of $36.31, this will mean dividend yields of 2.6% and 2.7%, respectively, over the next two years.

In addition to this, the broker’s price target of $40.00 implies potential upside of just over 10% over the next 12 months. This stretches its total potential return to just under 13%.

Overall, this could make Sonic Healthcare a dividend share to consider buying this month.

More reading

• Why the Sonic (ASX:SHL) share price could be a hidden opportunity
• 2 top quality blue chip ASX shares to buy in April
• 2 quick-growing ASX dividend shares to buy
• 2 COVID-19 ASX shares to buy
• Top brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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On Wednesday the S&P/ASX 200 Index (ASX: XJO) was on form again and continued its ascent. The benchmark index rose 0.6% to 6,928 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 futures pointing higher

The Australian share market looks set to continue its positive run on Thursday despite a mixed night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 33 points or 0.5% higher. Over in the United States, the Dow Jones rose 0.05%, the S&P 500 climbed 0.15%, and the Nasdaq edged 0.1% lower.

Oil prices rise

Energy producers Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could trade higher today after oil prices strengthened. According to Bloomberg, the WTI crude oil price is up 0.6% to US$59.70 a barrel and the Brent crude oil price has climbed 0.6% to US$63.11 a barrel. Global economic recovery optimism supported oil prices.

Tech shares on watch

ASX tech shares such as Xero Limited (ASX: XRO) and Zip Co Ltd (ASX: Z1P) will be on watch on Thursday after US tech stocks softened overnight. The tech-focused Nasdaq index dropped 0.1% during the session, compared to small gains by the Dow Jones and S&P 500. As the local tech sector has a tendency to follow its lead, today could be a day in the red.

Gold price softens

Gold miners Newcrest Mining Ltd (ASX: NCM) and Resolute Mining Limited (ASX: RSG) could edge lower today after the gold price softened. According to CNBC, the spot gold price is down 0.25% to US$1,738.70 an ounce. The safe haven asset came under pressure amid hopes of a swift global economic recovery from the pandemic.

Dividends being paid

A number of companies will be paying their latest dividends to shareholders later today. Among the companies making payouts are Brambles Limited (ASX: BXB) Costa Group Holdings Ltd (ASX: CGC), Iluka Resources Limited (ASX: ILU), Qube Holdings Ltd (ASX: QUB), and South32 Ltd (ASX: S32).

More reading

• ASX 200 rises, EML jumps, Zip falls
• 88 Energy and Airtasker were among the most traded ASX shares last week
• Is Canva coming to the ASX?
• Are ASX tech shares like Afterpay (ASX:APT) back to the races?
• Acquisitions and spin-offs put these 3 ASX shares on brokers’ “buy” list

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Pro Medicus Ltd (ASX: PME) is a really good business and there are quite a few good reasons why it’s worth owning.

What is Pro Medicus?

Pro Medicus describes itself as a leading medical imaging IT provider. It provides a full range of radiology IT software and services to hospitals, imaging centres and health care groups across the globe. Visage Imaging has become a global provider of enterprise imaging.

The healthcare technology business is currently led by Dr Sam Hupert, who has a long history with the business and is currently a very substantial shareholder, owning around a quarter of the business.

The following three things are very good reasons for owning Pro Medicus shares:

Enormous profit margins

Pro Medicus has very impressive profit margins, much higher than most other businesses. The higher the profit margins, the more that new revenue can turn straight into profit for shareholders.

The ASX share saw its earnings before interest and tax (EBIT) margin improve from 51% to 59% in the FY21 half-year result. It also had a very high net profit after tax (NPAT) margin of 43%.

However, management noted that the EBIT margin may not remain as high as 59% because of short-term COVID-19 factors.

Dr Sam Hupert explained:

Costs associated with travel and the RSNA, the large conference we always attend at the end of November (which was virtual in 2020) were significantly reduced, with this partially offset by increased legal expenses as a result of the recent contracts we have won.

So, whilst we expect post-COVID to resume travel and attend conferences, we think our capacity to do things remotely, both in terms of sales and implementations, will mean there will be a “new normal” where we can do more off-site than we previously did without reducing our effectiveness. We think this will result in savings going forward. So, whilst we don’t envisage that 59% margins are sustainable long-term, we believe there is scope for margins to improve on what they have been historically.

Strong revenue pipeline

The business has won a number of key contract wins, including four during the six month period to 31 December 2020. This highlights the ability for the company to service major clients, and give more proof to prospective clients that Pro Medicus is the real deal.

In September it announced a $25 million, 7-year deal with New York University Langone. Then in October 2020 it revealed a $10 million, 7-year deal with Ludwig-Maximilians University in Germany. Next, it won a $8.5 million, 5-year contract with Zwanger-Pesiri. The final big one during the period was a $18 million, 5-year contract with Medstar Health.

Subsequent to the end of the half-year, it won two further contracts totalling $71 million over seven years.

All this revenue will be earning profit at very high margins, as I mentioned earlier.

Rewarding shareholders with dividends

Pro Medicus isn’t like most other growth shares. It actually pays out a very attractive dividend, in terms of the payout ratio. In the half year result its dividend payout ratio was 54% after a 16.6% increase of the interim dividend to $0.07 per share.

The actual prospective yield for new investors is very low, but long-term shareholders are getting a nice payout.

What’s the valuation?

Broker Morgans rates the Pro Medicus share price as a hold because of how strongly the share price has gone up recently, with a price target of $41.30.

On Morgans’ numbers, the Pro Medicus share price is valued at 134x FY21’s estimated earnings and 105x FY22’s estimated earnings.

More reading

• 2 highly rated ASX growth shares to buy now
• Here’s why the Pro Medicus (ASX:PME) share price is charging higher
• 2 exciting ASX growth shares to buy next month
• 2 strong ASX mid cap shares to buy
• 2 ASX shares delivering irresistible growth

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Pro Medicus Ltd. The Motley Fool Australia has recommended Pro Medicus Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re wanting to make some new additions to your portfolio this week, then you might want to take a look at the ASX shares listed below.

Here’s why they could be the buy zone:

Adore Beauty Group Limited (ASX: ABY)

The first ASX share to look at buying this week is Adore Beauty. It is a beauty-focused ecommerce company which aims to deliver users an empowering and engaging beauty shopping experience.

Adore Beauty has been growing very strongly in recent years and this has continued in FY 2021. In February, the company released its half year results and reported revenue and earnings growth ahead of its prospectus forecasts. The company’s revenue increased 85% to $96.2 million and its operating earnings jumped 188% to $5.2 million. The shift online and a significant jump in customer numbers to almost 800,000 drove the strong result.

Positively, Adore Beauty looks well-placed to continue its growth over the 2020s. Especially given the low penetration of online beauty sales compared to other Western markets.

One broker that is a fan of the company is UBS. It currently has a buy rating and $6.20 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX share to consider buying this week is Aristocrat Leisure. It is one of the world’s leading gaming technology companies with a portfolio of world class poker machines and digital games.

With COVID-19 vaccines rolling out across the world, the outlook for the company’s poker machine business is improving greatly. This should be supported by its digital business. which is home to some of the most popular mobile games in the world. These include RAID and EverMerge, which are helping this side of the business generate significant recurring revenues.

Analysts at Morgans are positive on the company. They believe the company is experiencing strong product tailwinds and expect new digital releases to boost its revenue.

Morgans currently has an add rating and $37.31 price target on its shares.

More reading

• Leading broker names its best ASX share ideas for April
• 5 of the best ASX shares to buy after the Easter break
• Top ASX shares to buy in April 2021
• Top brokers name 3 ASX shares to buy today
• Why Aristocrat Leisure, Opthea, PointsBet, & Spirit are storming higher:

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Adore Beauty Group Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) rose by 0.6% today to 6,928 points.

These are some of the highlights from the ASX, including a major acquisition by one ASX share:

EML Payments Ltd (ASX: EML)

The EML share price went up by 5.25% today after announcing the acquisition of Sentenial, including the open banking product, Nuapay, for an upfront enterprise value of €70 million, as well as an earn-out component of up to €40 million.

Sentenial is a leading European open banking and account to account payments provider, utilsing a cloud-native, API-first, full stack enterprise grade payment platform.

EML said that combining the two businesses’ platforms and capabilities is an opportunity to deepen customer relationships, enter new industry verticals and diversify the revenue streams.

Management said that Sentenial has an attractive customer base across banking, corporate and software industries, including four of the top seven banks in the UK and some of the largest merchant acquirers in Europe.

EML explained that Sentenial has a highly scalable platform that has had continual investment to future proof the business and allow for agile developments and rapid growth. It plans to export it globally, with plans to expand into Australia and North America.

The company is expecting to process more than $90 million of annual gross debit volume (GDV) after the acquisition.

EML’s managing director and CEO Tom Cregan said:

EML has transitioned over the years from primarily a gift card company to a company with a diverse revenue base across multiple prepaid products. The acquisition of Sentenial will be the next evolution for EML, as we transition into a broader payments business by adding instant account to account (open banking) payments into our suite of solutions for current and prospective customers.

Zip Co Ltd (ASX: Z1P)

The Zip share price was one of the worst performers in the ASX 200 today.

It fell by around 4% after yesterday’s sizeable rise of the share price.

Vgi Partners Ltd (ASX: VGI)

VGI Partners announced the appointment of a new CEO today. Jonathan Howie has been chosen to be the new boss.

Mr Howie most recently worked as the Asia Pacific head of index equity at BlackRock Investment Management in Hong Kong. Before that, he was the head of iShares Australia from 2011 to 2018.

VGI Partners’ executive Chair Robert Luciano said:

We are delighted to have Jonathan join VGI at such an important time in our company’s growth. Jonathan is well suited to take our company strategy forward, with the skills and experience needed to drive long-term value for all our shareholders.

Jonathan’s appointment is part of our focus to further build out VGI’s investor relations, operational risk and management capabilities.

This will allow VGI to further enhance our existing capabilities and continue to grow the business while ensuring the senior investment team and I remain focused on managing the global and Asian portfolios.

The VGI Partners share price fell 1.5% today.

Alliance Aviation Services Ltd (ASX: AQZ)

The Alliance Aviation Services share price fell 1% despite announcing a material contract renewal.

It has extended its BHP Group Ltd (ASX: BHP) Western Australian Iron Ore (WAIO) air charter services contract for a further two years.

Alliance CEO Lee Schofield said:

Alliance is delighted to be continuing the provision of these charter services into the Pilbara. Our commitment to safety and providing our clients with industry leading on time performance has played a significant role in being awarded this extension.

More reading

• Why the Bubs (ASX:BUB) share price is up 5% today
• 88 Energy and Airtasker were among the most traded ASX shares last week
• Is Canva coming to the ASX?
• ASX stock of the day: Tassal Group (ASX:TGR) shares rise 5%
• Nova Minerals (ASX:NVA) share price sinks as gold estimate grows

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends EML Payments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia has recommended EML Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Chalice Mining Ltd (ASX: CHN) share price has been growing steadily since this time last year. In fact, it’s up a whopping 1,023% over the last 12 months.

But in the last month, something has changed for the mineral miner. The company’s share price has rocketed up by 51% since 5 March.

At the time of writing, its shares are selling for $6.21 a piece, up 5.79% from yesterday’s close.

Let’s take a deep dive into what’s been moving the Chalice Mining share price lately.

Chalice Mining’s Mad March

For a month of impressive share price gains, the mining company, which has 11 projects across Australia underway, was curiously quiet throughout most of it.

While not much news came out of the company early in the month, it was caught up in the S&P/ASX 300 quarterly rebalance. On 12 March it was announced the miner had been added to the index, effective 22 March.  

On 25 March, the company announced two pieces of news.

First, it announced favourable results of a A first-pass ground moving loop electromagnetic survey at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project.

The survey found a cluster of 29 low to moderate conductance in a new area of the Project. Signalling the potential of nickel, copper, and platinum.

Next, it announced a mine in which Chalice Mining has an earn-in agreement with had had its tenement granted.

An earn-in agreement is one where one mining company agrees to mine a site owned by another company. Both companies then receive a part of any proceeds from the activity.

In this case, the mine is owned by Metal Hawk Limited (ASX: MHK) and Chalice’s subsidiary CGM Pty Ltd would be charged with the activities.

Since these two announcements, the Chalice Mining share price has rocketed 34%.

Whether the Chalice Mining share price has the energy to continue its upwards power is still to be seen. Though, shareholders who bought in early March must be grinning from the win.

Chalice Mining share price snapshot

While 2021 has been a good year so far on the ASX for the Chalice Mining share price, being up 44% year to date, its comparatively ordinary next to the last month’s growth.

The mining company has a market capitalisation of around $2 billion, with approximately 345 million shares outstanding.

More reading

• Surge in mining exploration to benefit these small-cap ASX shares: broker

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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