ASX Announcements
Notice of ceasing to be a substantial holder for IEL
Ceasing to be a substantial holder
- May 17, 2024
- 4 pages
Notice of ceasing to be a substantial holder for TAH
Ceasing to be a substantial holder
- May 3, 2024
- 4 pages
This Month
Airlie’s Emma Fisher is making her next big bets
Mineral Resources and Reece have been career-defining picks. This year, she’s sold down CBA and is going large on one of the most shorted stocks on the ASX.
- Sarah Jones
Magellan has a curious connection to rolling Magnis Energy disaster
The corporate regulator launched legal proceedings against the EV hopeful last week. It wasn’t the first compliance team to take an interest – in a way.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
Magellan reveals Barrenjoey’s $10 million half
Magellan holds a 36 per cent interest in Barrenjoey, a home-grown investment bank that has been seeking to pinch market share from established shops since it launched in 2020.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cashed-up Magellan wants bolt-ons after poaching Maple-Brown boss
Magellan recruit Sophia Rahmani will lead a hunt to acquire boutique fund managers and restore the firm to its former glory.
- Jonathan Shapiro
Magellan confirms Sophia Rahmani as its next CEO
It comes after CEO and managing director David George stepped down from the role in October.
- Sarah Thompson, Kanika Sood and Emma Rapaport
January
Fairlight’s newest recruit, Abbey Cook, is betting big on beauty
The fund manager explains why she is so bullish on one US retailer and what she learnt from co-founding homegrown hedge fund VGI Partners with Rob Luciano.
- Joanne Tran
Citi downgrade derails mega Magellan share price rally
The investment bank’s researchers warned clients not to become “too excited” after the fund manager appeared to stabilise outflows last month.
- Emma Rapaport
GQG bucks fund manager woes as assets hit $180b
GQG saw $14.8 billion of inflows in 2023 in a year that most ASX-listed money managers would rather forget.
- Emma Rapaport
December 2023
Wilson claims $5.6m of Bolton’s Magellan profits ‘unaccounted for’
Geoff Wilson’s lawyers are demanding more information about how activist Nick Bolton has allocated the profits from his Magellan options raid.
- Jonathan Shapiro
- Opinion
- Investing
The many sins of Australia’s listed fund managers are now in the open
The ASX’s investment firms are paid to work out when managements are engaging in the illusion of value creation. It turns out they are the biggest culprits.
- Jonathan Shapiro
GCQ nabs Magellan analyst
GCQ Funds Management has been shopping at rival Magellan Financial Group, picking up an investment analyst from its global equities team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November 2023
- Opinion
- Chanticleer
Nvidia’s China hit shows tech quandary facing Magellan, super funds
A hit to Nvidia from China export restrictions shows the expensive Magnificent Seven aren’t bulletproof. But global fund managers who don’t own enough of these giants face their own problems.
- James Thomson
- Exclusive
- Food & drink
How Guzman y Gomez bungled its grand plans to be the next McDonald’s
Documents filed with a California court reveal how ex-managers allege the Mexican-themed restaurant chain sent its boss to a “cult-like” life coach.
- Primrose Riordan
King is the ‘minister for higher airfares’: Flight Centre boss
The travel industry is still stinging about a decision to block additional flights from Qatar Airways, which was seen as a boost to Qantas.
- Liam Walsh
- Opinion
- Chanticleer
Why going private might be Magellan’s best hope
Many of the fund mangers Magellan chairman Andrew Formica aspires to be like have one thing in common: they’re private companies.
- James Thomson
Magellan vulnerable to takeover as board hit with first strike
The company’s chairman, Andrew Formica, says the fund manager’s balance sheet is its strength. Shareholders say that makes it susceptible to a cheap takeover.
- Jonathan Shapiro
Magellan’s John Eales a dead man walking
Two of the three major proxy firms have recommended against his re-election, as have the super fund advisers at ACSI.
- Myriam Robin
Magellan a ‘classic’ dividend trap, says Plato’s Gardner
Portfolio manager Peter Gardner says Ampol will be a dividend stock to watch in the new year and explains why he’s still holding on to BHP.
- Joanne Tran
Back to the drawing board for Bolton as Magellan wins vote reprieve
Supreme Court ruling is a blow to the activist investor’s efforts to wind up the Global Fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
October 2023
- Opinion
- Chanticleer
Magellan chairman’s brutal reset starts with CEO’s exit
Andrew Formica has ended the tenure of David George, as well as the latter’s ambition of getting the funds under management back to $100 billion.
- James Thomson
