All posts by Scott Murdoch
Senior Analyst
Sectors Covered: Diversified Financials, Professional Services
By Scott Murdoch
18 August 2021, 9:00 AM
Share of Associate losses in FY21 was A$41.7m. Magellan Financial Group (ASX:MFG) expect a substantially lower loss in FY22 and material profitability on a 3-5 year time horizon.
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By Scott Murdoch
05 August 2021, 1:30 PM
Pinnacle Investment Management (PNI) has released their FY21 results, which indicated they have material embedded growth and future optionality from acquisitions and moving offshore.
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By Scott Murdoch
04 August 2021, 8:00 AM
Credit Corp Group (ASX:CCP) delivered FY21 NPAT of A$88.1m, +10.7% on the underlying pcp and in-line with expectations. The USA division drove growth, up ~120% (to A$17.7m NPAT).
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By Scott Murdoch
21 July 2021, 10:00 AM
We expect Credit Corp (ASX:CCP) to report FY21 Net Profit After Tax (NPAT) at the top-end of guidance (A$85-90m).
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By Scott Murdoch
09 July 2021, 10:00 AM
Netwealth Group's (ASX:NWL) opportunity and ability to deliver consistently strong long-term earnings growth remains intact. We view NWL as a high quality business, but retain a Hold on valuation.
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By Scott Murdoch
10 May 2021, 3:30 PM
Pendal Group's investment performance across the UK/EU has rebounded meaningfully, which should support flows and performance fee prospects.
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By Scott Murdoch
20 April 2021, 5:30 PM
HUB24 continues to deliver strong forward looking metrics. Executing on the scale achieved (margin improvement) is now required.
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By Scott Murdoch
15 April 2021, 5:00 PM
Pendal Group released their 2Q21 FUM. Investment performance has turned in a number of UK/EU value orientated funds, providing an improved outlook for flows and performance fees mid-term.
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By Scott Murdoch
25 March 2021, 3:00 PM
Netwealth Group announced that ANZ has provided the 12-month notice period to terminate the current pooled cash deposit arrangements. Current rates will continue until Mar-22.
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By Scott Murdoch
03 February 2021, 11:30 AM
Pinnacle Investment Management reported a big 1H21 result with extremely strong net inflows. In our view, PNI has structural growth embedded in the business and future optionality from adding new affiliates.
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