Morgans Blog | Morgans

IPH Limited: Singapore share slings

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.

Netwealth Group: Investing but still growing strongly

19 August 2021, 11:00 AM

Netwealth Group (ASX:NWL) reported FY21 underlying NPAT growth of 23.5% to A$54.1m. The result was slightly (~2%) below expectations based on a lower 2H21 revenue margin.

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.

Afterpay Touch: Hunting the greenback

By Richard Coles

25 February 2021, 3:30 PM

Afterpay Touch reported another solid result for 1H21, with strong growth in key metrics and again a relatively stable overall margin performance.

Financial Services: Mark-to-market and sector earnings changes

By Richard Coles

18 January 2021, 9:00 AM

We see a broadly difficult reporting season for the Insurance/Diversified Financial stocks. Of the large cap stocks, we see the Health Insurers, ASX, and Challenger (ASX:CGF) as best positioned to produce the most solid/stable results.

Zip Co: Equity placement to accelerate growth

By Richard Coles

17 December 2020, 4:30 PM

Zip Co (ASX:Z1P) announced it would be raising up to A$150m in new equity to help accelerate growth. 90% of new capital will be used to fund offshore growth, with A$85m allocated to capitalise on QuadPay's recent robust momentum.

Afterpay Touch - Refilling the tan after a good quarter

By Richard Coles

14 July 2020, 12:00 AM

Afterpay Touch (ASX:APT) produced another very strong quarter in 4Q20, delivering 46% sequential sales growth combined with relatively stable operating margins. APT's momentum continues to be highly impressive, but trading on 37x FY20 revenue, we see its valuation as fair and maintain our HOLD call.