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Change of Director's Interest Notice - Andrew Formica
Change of Director’s Interest Notice
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Market Sensitive
2025 Interim Results Announcement
Half Yearly Report, Dividend Pay Date, Dividend Rate
Dividend Record Date, Dividend Pay Date, Dividend Rate
February
What we learnt: Telstra’s mobile dominance is making investors say OMG
Telstra gets its balancing act right, Wesfarmers deregulates itself, Transurban goes for growth and Fortescue struggles to get its shiny project up and running.
Magellan banks $4m Barrenjoey dividend, flags Guzman y Gomez bonus
Group executive chairman Andrew Formica says the best results from its share in the investment bank are yet to come.
The end of the bromance: how Bolton and Catalano came unstuck
In an audacious corporate raid, Nick Bolton and Antony Catalano made Magellan blink. Then they fought over the spoils.
Jun Bei Liu’s new fund carries more than romance risk
The star stock picker still has the support of UniSuper. With the size of its mandate, she needs it.
Activist Sandon says Magellan redemption fears ‘overblown’
Sandon Capital shrugs off concerns about outflow risks at Magellan from the departure of long-time infrastructure portfolio manager Gerald Stack.
January
Macquarie refuses to say whether it stands by climate commitments
Other major local financial institutions indicated that they remained committed to net zero goals amid a recent pullback by global financial firms.
How Magellan plans to make money, without two super-hot stocks
Hamish Douglass is gone – along with plenty of clients – but the global equities team marches on with the same search for quality compounders.
There can only be one winner in the ASX’s big tussle for 2025
Shares in Australia’s big banks are easily outrunning the ASX’s big miners. It will switch, it always does.
Regal Partners tops $18b as Magellan falters
Phil King’s Regal shows little sign of slowing down as former industry leader Magellan fails to gather its former momentum.
Magellan co-founder Chris Mackay lambasts private credit in tirade
The fund manager behind MFF Capital has taken aim at the “story tellers” spruiking high returns and low risks outside the scrutiny of public markets.
December 2024
Barrenjoey tells staff to expect revenue bump as rivals circle
At least two rival investment banks said that they had recently held discussions with some of the local investment advisory and markets firm’s employees.
November 2024
Magellan’s core series on the chopping block
A series of termination notices spell the end for three Cboe listed funds in Magellan’s Core Series.
Magellan paid up big for its Vinva acquisition, accounts show
Financial year 2024 accounts show Magellan paid a punchy multiple for its $138.5 million global equity acquisition.
October 2024
Magellan board defends Bolton’s windfall amid ASIC probe
The chairman of the fund manager said a deal struck to appease activist investor Nick Bolton was in the best interests of shareholders.
Why investment legend Chris Mackay says ‘it’s a dangerous time’
The MFF Capital Investments boss and Magellan co-founder says the “everything rally” is likely to reverse, but calm, long-term investors can fight through the noise.
Chris Mackay buys Montaka, outlines Magellan-like vision
The Magellan Financial Group’s co-founder is roping a new manager into his $2 billion investment vehicle and his expectations are high.
September 2024
It’s not just losses. Magellan’s FinClear is flatlining on the top line
Revenue grew marginally above financial year 2022 levels, but significant top-line growth remains elusive.
Magellan head of strategy exits amid internal reshuffle
Of note, Smith led Magellan’s defence strategy when the investment house was grappling with its bete noir, Keybridge Capital’s Nick Bolton.
Magellan-backed FinClear set to lose CommSec as client
CommSec is running a request-for-proposal to select a new vendor to replace FinClear’s iBROKER, a post-trade system for equities and derivatives.
August 2024
Why this beaten up beauty stock could pay off handsomely
Ex-Magellan stock-picker Kris Webster explains why he’s betting on a rebound in the US beauty industry and a stock that has slumped more than 30 per cent since March.