Suncorp Group: Storms and flooding update

By Richard Coles

31 March 2021, 3:00 PM

Suncorp group has disclosed its expected net costs from the recent storms and flooding in NSW, South East Queensland and Victoria. We have revised our FY21 forecasts accordingly.

Financial Services - Platforms: Changes to cash come through

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.

Zip Co: US traction encouraging

By Richard Coles

25 February 2021, 6:00 PM

Zip Co (Z1P) reported a 1H21 loss; however, we think momentum across the business remains very strong, particularly the traction Z1P is gaining in the US.

Macquarie Group: Upgrading guidance

By Richard Coles

23 February 2021, 2:30 PM

We think Macquarie Group (MQG) remains well positioned to seize opportunities on the other side of Covid-19.

Aust Securities Exchange: Investment still on the agenda

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.

Suncorp Group: A solid result against a tough backdrop

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.

Pinnacle Investment Management: Performance begets performance

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.

Credit Corp: Further capital deployment is the upside

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.

Magellan Financial Group: Dec-20 mark to market

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.

Pinnacle Investment Management: Global delivers performance fee growth

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.