Tag: Stock pick

Shares in ASX financial stock Moneyme Ltd (ASX: MME) are down more than 40% over a 12-month period, but after solid growth in lending numbers, Morgans is predicting some serious upside.

Company closing in on profitability

Last week, Moneyme released its full-year financial results, which showed that the company’s loan book increased by 34% to $2.08 billion, with record originations during the year, up 34% to $1.23 billion.

The company’s normalised net loss narrowed to $4.1 million from $15.5 million the previous year. Pleasingly, the company actually made money in the second half, booking a $500,000 profit.

Moneyme said its proprietary AI product was now delivering benefits across credit decision-making, customer service, finance, marketing and creative production.

Moneyme Managing Director Clayton Howes said of the result:

FY26 marked an important inflection point for Moneyme. We demonstrated that our strategy is delivering, growing the loan book to more than $2bn while improving credit quality, strengthening margins and returning to positive Normalised NPAT in the second half. These results show the operating leverage in our business is beginning to emerge. The investments we’ve made over recent years in technology, AI, funding, and risk management are now translating into stronger earnings quality and improved returns as the business continues to scale.

Mr Howes said the company entered FY27 with multiple growth levers and a larger, higher quality loan book.

The company said on the outlook:

We provide guidance for FY27 on an average loan portfolio of ~$2.2bn, our Normalised NPAT is expected to result in a positive range between breakeven and $7m. The Group will continue to invest in AI, brand and marketing, product expansion and direct channel growth to increase scale and operating leverage. Credit cards and white-label partnerships are expected to contribute to the returns profile of the business when these portfolios scale.

Moneyme shares looking cheap broker says

In a note to clients, Morgans suggested Moneyme was well-positioned.

The broker said:

MME has delivered consistent book growth over the medium term and we believe its innovative product suite, targeting niche under-serviced markets, has the potential to further drive topline growth. Whilst now cash profitable, given the pivot of the business to a more normalised book growth rate, we note some near-term risks. We also note that the stock trades at a discount versus our valuation of $0.21 and hence we retain a SPECULATIVE BUY recommendation but flag some continued risks such as: 1) ongoing macro uncertainty/volatility; and 2) softening consumer demand and interest rate pressures more generally. As such, we note this is an investment for the more risk tolerant investor.

Moneyme shares are currently changing hands for 7.2 cents. The company is valued at $57.7 million.

The post This ASX financial stock could more than double: Morgans appeared first on The Motley Fool Australia.

More reading

• 15% for 10 years: Is this ASX ETF a no-brainer buy?
• 3 great dividend stocks with 6% yields to boost passive income in FY27
• Acrow: Record revenue drives upgraded outlook
• How many CBA shares do I need to buy for $8,000 of passive income?
• One super ASX dividend share to buy with a 7% yield

Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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 Scott Phillips.

If you’re ready to tap into your superannuation, and aiming to maintain your super balance by living off the passive income it can provide, then you’ve come to the right place.

Below we’ll look at three quality S&P/ASX 200 Index (ASX: XJO) dividend stocks I’d buy today to form the bedrock of a $4,000 monthly passive income portfolio.

And we’ll see how much superannuation you’d need to invest in these ASX shares to earn that income without drawing down your super balance over time.

Do be aware that a properly diversified passive income portfolio will hold more than just three ASX dividend stocks. There’s no magic number. But somewhere in the range of 10 to 15 is a decent ballpark figure.

Ideally these companies will operate across a range of sectors and locations. This will reduce the risk of your passive income stream taking a big hit if a single sector or company runs into a rough patch.

With that said…

Three ASX 200 income shares to buy

The first stock I’d buy with my superannuation for $4,000 a month in retirement income is Ampol Ltd (ASX: ALD).

Ampol just reported its half-year (H1 2026) results on Monday. The Aussie fuel supplier swung from a $25 million loss in H1 2025 to a statutory net profit after tax (NPAT) of $1.36 billion this year.

With profits surging, Ampol declared a fully franked interim dividend of $1.85 per share. If you want to bank that payout, you’ll need to own shares at market close on 3 September.

Now, if we add in the 60 cents per share final dividend, Ampol has paid, or shortly will, pay $2.45 a share in dividends over 12 months. At the recent Ampol share price of $41.46, this ASX 200 stock trades on a fully franked 5.9% dividend yield.

The second ASX 200 stock I’d target for passive income in retirement is Bendigo and Adelaide Bank Ltd (ASX: BEN).

Bendigo Bank paid a fully franked interim dividend of 30 cents per share and on Monday declared a final dividend of 30 cents per share. To bank that passive income, you’ll need to own Bendigo Bank shares at market close on 31 August.

At the recent share price of $10.58, Bendigo Bank shares trade on a 5.7% dividend yield.

And the third ASX dividend share I’d buy with my superannuation for reliable passive income is Telstra Group Ltd (ASX: TLS).

Telstra paid an interim dividend of 10.5 cents per share and will shortly pay a final dividend of 10.5 cents per share, both franked at 90%. If you want to grab the final dividend, you’ll need to own shares at market close today.

At the recent Telstra share price of $4.70, the ASX 200 telco trades on a dividend yield of 4.5%.

Which brings us back to our headline question.

How much superannuation do I need for a $4,000 monthly passive income?

Based on the recent yields, and assuming you invest the same amount in each stock, you could expect to earn an average yield of 5.4%.

So, for $4,000 a month – or $48,000 a year – in passive income, you’d need $888,889 in superannuation today in order not to draw down that super balance over time.

The post How much superannuation do I need to earn $4,000 a month in passive income? appeared first on The Motley Fool Australia.

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• By August 2027, $5,000 invested in Ampol shares could turn into…
• Everything you need to know about the monster Ampol dividend
• Why PLS, Bendigo Bank and Ampol shares are turning heads on Monday
• Looking to bank the boosted Telstra dividend? You better hurry!

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank and Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Passive income investors have plenty of Australian shares to choose from outside the major banks.

I like companies that can generate enough cash to reward shareholders while still investing in their businesses.

Here are three I think are worth considering.

Aurizon Holdings Ltd (ASX: AZJ)

Aurizon plays an important role in moving Australia’s commodities from where they are produced to where they need to go.

It is Australia’s largest rail-based transport business, carrying more than 250 million tonnes of commodities each year for miners, primary producers, and industrial customers.

I think that infrastructure makes Aurizon an attractive passive income candidate.

Rail networks are expensive and difficult to replicate, while customers need reliable transport to move enormous volumes of products such as coal, iron ore, and agricultural commodities. Aurizon also owns and operates regulated rail infrastructure in Queensland alongside its freight operations.

The company has made returning capital to shareholders an important part of its approach.

Aurizon paid an interim dividend of 12.5 cents per share for FY26 and has declared a final dividend of 10.5 cents. Both are 90% franked, taking the full-year payment to 23 cents per share.

Based on its recent share price, those payouts equate to a dividend yield of roughly 6.3%.

Commodity volumes and regulatory decisions can affect the business, so I would not assume that dividend remains unchanged every year. Still, I think Aurizon’s infrastructure and focus on shareholder returns make it worth considering for income.

Universal Store Holdings Ltd (ASX: UNI)

Universal Store could be another top passive income pick.

The retailer sells youth fashion through its Universal Store, Perfect Stranger, and THRILLS businesses, and it has been gradually expanding its physical store network.

What catches my eye from an income perspective is the cash the business has been able to return while still funding that expansion.

In FY26, Universal Store paid a fully franked interim dividend of 26 cents per share before declaring a fully franked final dividend of 17 cents. That takes FY26 dividends to 43 cents per share.

With Universal Store shares recently trading around $8.45, that represents a dividend yield of approximately 5.1%.

I would expect more variation from the dividend of a fashion retailer than from some traditional income businesses. Consumer spending and fashion trends can change quickly.

But I like that Universal Store can continue expanding while also sending a meaningful amount of cash back to shareholders.

Sonic Healthcare Ltd (ASX: SHL)

Sonic Healthcare provides pathology and medical diagnostic services across major healthcare markets around the world.

These are services that doctors and patients need regardless of what is happening in financial markets, giving Sonic exposure to healthcare demand rather than discretionary spending.

Its scale also stands out to me. Sonic operates across nine countries and 11 markets and provides medical services to more than 140 million patients each year.

I think that makes it an interesting share for investors seeking both income and long-term exposure to healthcare.

Sonic has also built an impressive record of gradually increasing its dividend. Its total dividends rose to $1.08 per share for FY26, comprising a 45 cent interim dividend and 63 cent final dividend. Those FY26 dividends are 60% franked.

At a share price of around $21.41, that works out to a yield of roughly 5%.

I like the possibility of receiving income while Sonic continues building its diagnostics operations around the world.

Foolish takeaway

A high dividend yield alone would never be enough to convince me that a share is a good income investment.

I would also want a business capable of generating the cash needed to support those payments over time.

I think Aurizon, Universal Store, and Sonic Healthcare each give passive income investors a credible reason to look beyond the usual dividend names.

The post 3 top Australian shares to buy for passive income appeared first on The Motley Fool Australia.

More reading

• Buy, hold, sell: Super Retail, APA, Sonic Healthcare shares
• This retailer’s dividend yield could top 8% in coming years: Broker
• Why this ASX consumer discretionary stock could be the pick of the sector 
• Sonic Healthcare share price in focus on FY26 profit jump and digital push
• Universal Store FY26 results: Sales, profit up as store rollout continues

Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sonic Healthcare and Universal Store. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Yesterday, Forrestania Resources Ltd (ASX: FRS) announced a fifth extension to its takeover offer for Zenith Minerals Ltd (ASX: ZNC) The offer period has now been pushed out until 5:00pm (AWST) on 7 September 2026, allowing shareholders more time to consider their options.

What did Forrestania Resources report?

• Offer to acquire all ordinary shares in Zenith Minerals remains open until 7 September 2026.
• This is the fifth extension of the bid period since the original offer was made in June 2026.
• Zenith shareholders who accepted previously now have new withdrawal rights if they wish to reconsider.
• The offer remains subject to certain defeating conditions, as detailed in Forrestania’s latest notice.

What else do investors need to know?

Forrestania’s bid for Zenith Minerals has experienced several extensions, reflecting an ongoing process subject to regulatory orders and unresolved conditions. ASIC has granted Forrestania relief under two ASIC Instruments specific to this bid, and the Takeovers Panel has issued interim orders currently restricting Forrestania from declaring the offers unconditional.

Shareholders who have already accepted the offer can withdraw their acceptance within a one-month window, following the announcement of the extended bid period. Withdrawal is available by written notice and further details are provided by Forrestania for shareholders seeking guidance.

What’s next for Forrestania Resources?

Forrestania Resources intends to keep the offer for Zenith Minerals open until 7 September 2026, unless it is withdrawn or extended further. The company continues to encourage Zenith shareholders to review the latest terms and, if needed, seek professional advice before acting.

With the status of certain bid conditions still pending, Forrestania’s approach remains cautious as it awaits developments from ASIC and the Takeovers Panel. Investors should watch for any further updates on both the offer itself and regulatory responses.

Forrestania Resources share price snapshot

Over the past 12 months, Forrestania Resources shares have risen 136%, significantly outperforming the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post Forrestania Resources extends Zenith Minerals takeover offer again appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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 Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

For dividend focussed investors, earnings season provides an important snapshot of how dividend stocks are performing. 

According to a new report from Bell Potter, there is one dividend stock in particular that investors should be aware of. 

Why earnings season matters for income investors

Earnings season is an especially important time for dividend investors because a company’s results can reveal far more than just whether it beat or missed analysts’ expectations. 

For income-focused investors, earnings reports provide a fresh look at the strength of the business, the sustainability of its cash flow, and, ultimately, its ability to keep paying and growing its dividend.

While dividend announcements often get the most attention, the numbers behind them matter just as much. 

Revenue and profit trends, free cash flow, debt levels, and management’s outlook can all provide clues about whether a company has the financial capacity to maintain its payout through different economic conditions. 

Why this dividend stock stands out

For investors looking to add a dividend stock to their portfolio, Regis Resources Ltd (ASX: RRL) is worth considering. 

Regis Resources is an established multi-mine gold producer and one of the largest ASX-listed gold producers with an all-Australian asset base. 

It released full-year results last Friday, which included a record net profit after tax of $715 million. 

This ASX gold stock has now risen more than 100% over the last year. 

Even more importantly for dividend investors, it declared fully franked final dividends of 20 cents per share, including a 5 cent special dividend.

According to Bell Potter, the record distributions reflect the implementation of Regis’ new dividend policy. 

The policy targets a payout between 25% and 50% of the “Group Cash Increase” over the preceding half-year (cash and bullion increase net of dividends and tax). For FY26, this ratio was 39%, equating to a fully franked 4.3% yield. 

Capital growth also a factor

While strong yields are great news for dividend stocks, some can provide the exciting combination of passive income and capital growth. 

That appears to be the case for Regis Resources. 

Bell Potter has upgraded its price target on this dividend stock to $9.35 (previously $8.45). 

The broker also has a buy recommendation. 

From yesterday’s closing price, this indicates an upside potential of 10% to go alongside the yield fetching over 4%. 

While this lifts operating costs it also increases gold price leverage and Resource value extraction. Free cash flows continue to support dividends and the capacity to pursue both organic and inorganic growth options. 

Overall, we remain positive towards RRL’s all-Australian, multi-mine asset portfolio, its leverage to the gold price and its fully unhedged, debt free balance sheet. Our NPV-based valuation lifts 11%, to $9.35/sh. We retain our Buy recommendation.

The post The fantastic dividend stock with upside investors should be targeting this week appeared first on The Motley Fool Australia.

More reading

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• Buy, hold, sell: Bega Cheese, Temple & Webster and Whitehaven Coal shares after results
• Why this ASX consumer discretionary stock could be the pick of the sector 

Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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 Scott Phillips.

Yesterday, WAM Income Maximiser Ltd (ASX: WMX) announced it raised $172.4 million via its Entitlement Offer, Top-Up Facility, Shortfall Offer and placement, growing assets to about $500 million – a 50% increase in less than 18 months since listing.

What did WAM Income Maximiser report?

• $172.4 million total raised through Entitlement Offer, Top-Up Facility, Shortfall Offer, and placement
• $78.5 million raised from Entitlement Offer and Top-Up Facility
• Approximate assets now at $500 million, up more than 50% since April 2025 listing
• 62% of capital raised taken up by existing shareholders
• Monthly fully franked dividends declared for September–December 2026, yielding 7.1% on average NTA

What else do investors need to know?

The bulk of the capital raising was strongly supported by existing WAM Income Maximiser shareholders, who took up more than half of the available offer. The remaining shares, including those from the Shortfall Offer, were placed primarily with investors participating in the bookbuild process, on the same terms as the Entitlement Offer.

The new shares issued under the various offers are expected to commence trading on the ASX from 31 August 2026. According to management, the increased scale should boost market relevance, improve liquidity, lower the company’s fixed expense ratio, and potentially lead to more broker and research coverage.

What did WAM Income Maximiser management say?

Chairman Geoff Wilson AO said:

The Board and I thank shareholders for their strong support of the Entitlement Offer with demand significantly exceeding capacity. Following completion of the Offer, WAM Income Maximiser’s assets will increase by more than 50% to approximately $500 million less than 18 months after listing. I am pleased to have taken up my full entitlement.

What’s next for WAM Income Maximiser?

WAM Income Maximiser plans to put the new funds to work by investing in high-quality Australian companies and corporate debt, aiming to deliver reliable monthly franked dividends with capital growth. Management believes the enlarged portfolio will help meet its ongoing goal of better income returns, with declared monthly dividends for the four months to December 2026.

The company’s increased size may also mean greater interest from brokers, research houses, and financial advisers, helping to further enhance market relevance.

WAM Income Maximiser share price snapshot

Over the past 12 months, WAM Income Maximiser shares have risen 4%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

View Original Announcement

The post WAM Income Maximiser grows assets 50% after $172m raise, declares dividends appeared first on The Motley Fool Australia.

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• These ASX dividend funds have been quietly increasing their payouts
• How much do I need in superannuation to receive $10,000 per month in passive income?
• WAM Income Maximiser enters trading halt pending fundraising move

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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 Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The age of 50 is a great time to check in on your superannuation balance, see if you’re on track for a comfortable retirement, and implement strategies to catch up if needed.

Unfortunately, the figures show that the average person has less superannuation at age 50 than they need to achieve a comfortable retirement by age 67.

The way this is calculated is by using figures supplied by the Association of Superannuation Funds of Australia (ASFA), which has calculated estimates of how much superannuation people have, and comparing them against the amounts which ASFA says is needed to be on track.

So how much superannuation do people generally have at age 50?

The ASFA figures indicate that men aged 50-54 have on average $254,071 in their superannuation, while women of the same age have $190,175.

So how much should people who are 50 have in their superannuation to be on track for a comfortable retirement?

ASFA also has a Super Detective calculator, where you can input your age and discover what your superannuation balance should ideally be.

For people aged 50 it comes out as $313,500, well above the average figures.

Keep in mind this is targeting a comfortable retirement as defined by ASFA, which involves retiring at 67, owning your own home and drawing a part pension.

It assumes singles will have $630,000 in their superannuation, which in combination with the part pension will deliver an income stream of $55,923 per year.

A comfortable retirement by ASFA’s definition includes the ability to afford top level private health cover, to own and maintain a reasonable car and to enjoy regular leisure activities and occasional travel.

What if your balance is coming up short?

Extra contributions can be made to superannuation in the form of concessional and non-concessional contributions.

Concessional contributions are taxed at just 15% and include money contributed by your employer, salary sacrifice contributions, and extra contributions you make up to a cap of $32,500.

If funds permit and your superannuation balance is less than $500,000 in the last financial year, you can also carry forward any unused concessional contribution cap amounts from the previous five financial years.

The amount you are able to contribute in this way can be found in your myGov account.

A notice of intent to claim must be lodged with your super fund for concessional contributions so they know to deduct the 15% tax from the amount.

It is also possible to make non-concessional contributions up to $130,000 and to contribute more than this amount using the bring-forward rule.  

The post The average superannuation balance for 50-year-olds in Australia in FY27. How does yours compare? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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 Scott Phillips.

Yesterday, Supply Network Ltd (ASX: SNL) reported that, for the year ended 30 June 2026, revenue had increased 15.4% to $403.7 million, while net profit after tax was 19.0% higher at $47.6 million.

What did Supply Network report?

• Revenue rose 15.4% to $403.7 million.
• Net profit after tax up 19.0% to $47.6 million.
• Basic earnings per share of 109.0 cents, up from 92.9 cents last year.
• Final fully franked dividend of 44.0 cents per share, taking total FY26 dividends to 80.0 cents (up 10.0 cents).
• Net tangible asset backing per share increased to $3.67 (from $3.18).
• EBITDA was $81.1 million (up 17.9%).

What else do investors need to know?

Supply Network, trading under the Multispares brand, saw strong growth across both Australia and New Zealand. Sales revenue in Australia grew by 17.2%, while New Zealand operations recorded a 12.2% uplift in local currency terms. Growth was “broadly based across geographies, customer segments, vehicle models and product groups.”

The group completed major IT upgrades, including a new ERP system and sales interface, aiming for future productivity improvements. Investments were also made in New Zealand, with a new North Auckland branch and expanded Hamilton distribution centre, bringing the country’s network closer in line with Australia.

On the safety front, the company reported tangible progress in reducing workplace risks, especially around manual handling and traffic management, supported by new warehouse systems and training.

What did Supply Network management say?

Managing Director Geoffrey David Huston Stewart commented:

Where there is disruption there is also opportunity and we are pleased to report that Multispares has continued adding new customers and expanding business with established customers throughout the second half. Furthermore, revenue growth remained broadly based across geographies, customer segments, vehicle models and product group.

What’s next for Supply Network?

Looking ahead to FY2027, Supply Network is targeting another $50 million in revenue growth, supported by ongoing network expansion and system improvements. Major projects include footprint expansions in key Australian cities such as Eagle Farm, Canberra, Toowoomba, and Kwinana, as well as the development of a new branch in Sydney’s Penrith region.

The company is also deepening integration between its Australian and New Zealand teams. With significant branch network growth in the pipeline and modernised IT systems, the board remains confident in the group’s ability to tap new opportunities and deliver for shareholders.

Supply Network share price snapshot

Over the past 12 months, Supply Network shares have declined 16%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post Supply Network profit jumps 19% as dividend rises: FY26 results appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Supply Network Ltd. The Motley Fool Australia has recommended Supply Network Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Scentre Group (ASX: SCG) share price will be on watch on Tuesday after the company announced Australian Retirement Trust will become a joint venture partner at Westfield Mt Gravatt, selling a 50% interest for $882.5 million. The deal, at a premium to book value, strengthens Scentre Group’s capital position and strategic partnerships.

What did Scentre Group report?

• Sale of a 50% interest in Westfield Mt Gravatt, Brisbane, for $870.0 million at a 5.50% capitalisation rate
• Additional sale of a 50% stake in adjacent sundry land for $12.5 million
• Total gross proceeds of $882.5 million, representing a 3.5% premium to book values as at December 2025
• Scentre Group will retain 50% ownership and continue as property, leasing and development manager
• Over $3.1 billion of third party capital announced in the past 13 months via joint ventures

What else do investors need to know?

The transaction is subject to clearance by the Australian Competition & Consumer Commission, and will bring in new capital partners, furthering Scentre Group’s strategy of joint venturing assets. Westfield Mt Gravatt remains a significant asset, being one of the most-visited centres in southeast Queensland and generating over $1.0 billion in annual business partner sales.

Scentre Group has emphasised its ambition of creating long-term value for securityholders by introducing new capital and leveraging strategic partnerships. The Group continues to manage 42 Westfield destinations across Australia and New Zealand, positioning itself as a leader in retail property management and development.

What did Scentre Group management say?

Scentre Group CEO Elliott Rusanow said:

We are very pleased to extend our strategic partnership with Australian Retirement Trust. Westfield Mt Gravatt is one of the most popular centres in south-east Queensland, visited by more than 17 million customers last year and generating total business partner sales in excess of $1.0 billion. Introducing new capital, through joint venturing our assets, forms a key part of our long-term strategic plan.

In the last 13 months, we have announced approximately $3.1 billion of new third party capital coming into the Group through the joint venturing of our assets. Today’s announcement continues to demonstrate our ability to source capital to pursue the Group’s strategic objectives of creating long term value for securityholders.

What’s next for Scentre Group?

The joint venture with Australian Retirement Trust awaits ACCC approval, after which Scentre Group expects to utilise the capital inflow to further its strategic objectives. The Group plans to continue sourcing third-party capital and building partnerships, with a focus on maximising asset value and enhancing returns for securityholders.

Scentre Group will remain the property, leasing, and development manager at Westfield Mt Gravatt, emphasising its commitment to operational excellence and sustained growth across its network of Westfield centres.

Scentre Group share price snapshot

The Scentre Group share price has been out of form over the past 12 months, declining by around 8%.

View Original Announcement

The post Scentre Group sells 50% stake in Westfield Mt Gravatt to ART appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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 Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

It was a bouncy and optimistic start to the trading week for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares this Monday.

After a sour trading week last week, investors seem to have come back from the weekend with a little extra pep in the proverbial step, with the ASX 200 opening higher and staying in positive territory all day today. By the time the markets closed, the index had gained 0.49% to 9,103.1 points.

This happy start to the week’s trading for the ASX followed a similarly buzzy end to the American trading week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) was in very fine form indeed, rising 0.98%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn’t quite as bubbly, but still gained 0.43%.

But let’s return to this week and our local markets now for a closer look at what was happening amongst the various ASX sectors this session.

Winners and losers

Despite the market’s rise this Monday, there were still a few sectors that missed out on a gain.

Leading those losers were consumer staples shares. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) was left out in the cold today, shrinking 0.95%.

Financial stocks also had a rough one, with the S&P/ASX 200 Financials Index (ASX: XFJ) sinking 0.72%.

Utilities shares were shunned too. The S&P/ASX 200 Utilities Index (ASX: XUJ) slid 0.48% lower this session.

Our last losers were communications stocks, as you can see from the S&P/ASX 200 Communication Services Index (ASX: XTJ)’s 0.44% slip.

Turning to the green sectors now, it was mining shares that fronted the winners. The S&P/ASX 200 Materials Index (ASX: XMJ) roared 2.43% higher this Monday.

Gold stocks ran hot as well, with the All Ordinaries Gold Index (ASX: XGD) soaring up 1.71%.

Tech shares also had a day to remember. The S&P/ASX 200 Information Technology Index (ASX: XIJ) enjoyed a 0.96% surge.

Healthcare stocks were in demand as well, evidenced by the S&P/ASX 200 Healthcare Index (ASX: XHJ)’s 0.62% lift.

Energy shares were next. The S&P/ASX 200 Energy Index (ASX: XEJ) jumped 0.47% today.

Then came real estate investment trusts (REITs), with the S&P/ASX 200 A-REIT Index (ASX: XPJ) adding 0.12% to its total.

Industrial stocks managed a win. The S&P/ASX 200 Industrials Index (ASX: XNJ) put on another 0.1% this session.

Finally, consumer discretionary shares got over the line, illustrated by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)’s 0.09% bump.

Top 10 ASX 200 shares countdown

Beating out some stiff competition to take out top spot on the index this Monday was tech stock Data#3 Ltd (ASX: DTL). Data#3 shares rocketed 17.85% higher today to finish at $11.09 each.

This huge gain followed the company releasing its latest earnings, which clearly had a lot going for them.

Here’s the rest of today’s best:

ASX-listed company	Share price	Price change
Data#3 Ltd (ASX: DTL)	$11.09	17.85%
Deep Yellow Ltd (ASX: DYL)	$1.69	11.55%
Paladin Energy Ltd (ASX: PDN)	$11.70	10.59%
IperionX Ltd (ASX: IPX)	$3.18	10.03%
Ansell Ltd (ASX: ANN)	$38.24	9.57%
EVT Ltd (ASX: EVT)	$15.33	8.88%
PLS Group Ltd (ASX: PLS)	$5.47	7.89%
Silex Systems Ltd (ASX: SLX)	$5.50	7.63%
NexGen Energy (Canada) Ltd (ASX: NXG)	$15.36	6.15%
Nickel Industries Ltd (ASX: NIC)	$0.89	5.95%

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ansell and Data#3. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.