Morgans Blog | Morgans

Smartgroup: Takeover comes for a strong cash flow generator

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).

Cedar Woods Properties: Building back to pre-COVID levels

By Scott Murdoch

31 August 2021, 8:30 AM

Cedar Woods Properties (ASX:CWP) reported FY21 NPAT of A$32.8m, up 61% on the pcp (covid-impacted year).

IDP Education: Time to move from recovery back to growth

By Scott Murdoch

26 August 2021, 6:00 AM

IEL’s FY21 result was in-line with expectations, down 36% on the pcp, but largely a result to look past given Covid impacts across all divisions.

Smartgroup: Recovery underway, masked by vehicle delay

By Scott Murdoch

23 August 2021, 9:00 AM

Smartgroup Corporation (ASX:SIQ) reported 1H21 NPATA of A$33.5m (+4.5% on pcp), in-line with expectations.

IPH Limited: Singapore share slings

By Scott Murdoch

20 August 2021, 7:30 AM

IPH Limited's (ASX:IPH) FY21 underlying EBITDA of A$124.3m was down 1%, however slightly ahead of expectations.

Magellan Financial Group: Associate losses will turn the corner

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.