Morgans Blog | Morgans

All posts by Scott Murdoch

Senior Analyst

Sectors Covered: Diversified Financials, Professional Services

IDP Education: Taking a study break

20 October 2021, 9:00 AM

IDP Education's (ASAX:IDP) 1Q22 update confirmed mostly strong recovery/growth trends: IELTs volumes +84% on the pcp; Northern Hemisphere placements +120%; and Australia placements -24% on the pcp.

HUB24: Results from Class acquisition could take time

By Scott Murdoch

19 October 2021, 10:30 AM

HUB24 (ASX:HUB) announced the proposed acquisition of Class (ASX:CL1) for an implied ~A$385m, funded primarily via scrip.

Pendal Group: Flows slip back to negative

By Scott Murdoch

19 October 2021, 7:00 AM

Excluding the acquired Taswest Limited (ASX:TSW) business, Pendal Group (ASX:PDL) reported 4Q21 FUM (funds under management) of A$106.1bn, down marginally on 3Q21 (A$106.7bn). TSW closed with A$33.1bn FUM.

Financial Services - Platforms: No slowing in the flows

By Scott Murdoch

18 October 2021, 8:30 AM

Both specialist platforms Netwealth Group (ASX:NWL) and HUB24 (ASX:HUB) beat expectations for 1Q22 flows.

Magellan Financial Group 1Q22: waiting for a turning point

By Scott Murdoch

07 October 2021, 8:30 AM

Magellan Financial Group (ASX:MFG) closed Sept-22 with A$113.3bn FUM, relatively flat for the quarter and down 3.9% on Aug-21. FUM composition comprised Retail FUM of A$29.9bn (down 3% for the quarter); and Institutional FUM of A$83.3bn (+0.4% for the quarter).

Smartgroup: Takeover comes for a strong cash flow generator

By Scott Murdoch

30 September 2021, 8:00 AM

Smartgroup (ASX:SIQ) has received a non-binding indicative offer (NBIO) from TPG Global and Potentia Capital (consortium) at A$10.35ps cash (+32% on previous close).