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All posts by Scott Murdoch

Analyst

Sectors Covered: Contractors/Developers, Consumer, Diversified Financials

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Magellan Financial Group: Dec-20 mark to market

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.

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.

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.

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).

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.

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.