By Richard Coles
11 February 2021, 10:00 AM
Broadly, Aust Securities Exchange' 1H21 result was positive in our view, with pcp growth seen across the majority of ASX business units. Hold maintained.
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By Richard Coles
09 February 2021, 4:00 PM
Suncorp Group's 1H21 result beat consensus expectations in all key divisions. Overall, we saw this as a solid 1H21 result against a difficult backdrop, with broader trends pointing to an improving earnings trajectory into FY22.
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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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By Scott Murdoch
02 February 2021, 5:00 PM
Following Credit Corp's 1H21 result, we remain positive on CCP’s long-term outlook given its balance sheet strength, a solid market position in both AUS/USA, and a material growth opportunity in the USA.
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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.
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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.
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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.
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By Richard Coles
06 November 2020, 10:30 AM
Broad divisional outlook commentary arguably highlights FY21 earnings risks remain to the downside, despite Macquarie Group (ASX:MQG) having a seasonally stronger 2H and Nuix potentially being a large asset realisation. However, MQG remains well placed to ride out the COVID-19 period and seize opportunities on the other side, in our view.
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26 October 2020, 3:50 PM
Despite recent share price strength, we retain a positive view on the major banks with the exception of CBA.
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By Richard Coles
14 October 2020, 4:00 PM
Z1P has released its 1Q21 quarterly update to the market. We continue to think Z1P’s long term growth profile remains attractive.
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