Magellan Financial Group: Dec-20 mark to market By Scott Murdoch 12 January 2021, 12:30 PM We view Magellan Financial Group's valuation as reasonable (~20x FY22F PE) with solid growth potential in the core business and optionality from new ventures. Read more...
Pinnacle Investment Management: Global delivers performance fee growth By Scott Murdoch 06 January 2021, 12:00 PM Pinnicle Investment Management (ASX:PNI) has announced 1H21 performance fees of A$11m (PNI NPAT share), up from a very minor contribution in 1H20 and 1H19 . We retain an Add recommendation based on the embedded growth in the business (the maturing profile of existing Affiliates and investment strategies) and future optionality from adding new Affiliates. Read more...
Morgans Best Ideas: Magellan Financial (ASX:MFG) By Scott Murdoch 10 December 2020, 3:00 PM We have added Magellan Financial (ASX:MFG) to Morgans Best Ideas for December 2020. Morgans Senior Analyst Scott Murdoch explains why. Read more...
Financial Services: Fund managers - mark to market By Scott Murdoch 09 July 2020, 9:50 AM In this piece, I provide an update on the Financial Services sector. In detail, I discuss Magellan (MFG), Pendal (PDL) and Pinnacle Investment (PNI). Read more...
Financial Services - Platforms: expecting solid 4Q20 FUA levels By Scott Murdoch 02 July 2020, 2:40 PM We view NWL as a high-quality business, although fully valued at current levels. We retain an Add recommendation on HUB. Read more...
Credit Corp: Consistency counts By Scott Murdoch 29 January 2020, 4:53 PM We are positive on CCP with it having a strong, visible organic growth path, and further upside from likely capital deployment over 12-18 months. However, we retain a Hold based on valuation – looking for some additional upside to buy. Read more...
Magellan Financial Group: Solid FUM performance By Scott Murdoch 09 January 2019, 1:47 PM Performing through the volatility Read more...
Magellan Financial Group – increases its dividend payout policy By Scott Murdoch 10 August 2018, 11:28 AM Dialing up the dividend Read more...
Credit Corp – a strong FY18 result By Scott Murdoch 01 August 2018, 11:39 AM We're the kids in America Read more...
Credit Corp By Scott Murdoch 31 January 2018, 3:09 PM USA opportunity trumps domestic pressure Read more...