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    MFG   AU000000MFG4

MAGELLAN FINANCIAL GROUP LIMITED

(MFG)
  Report
Delayed Australian Stock Exchange  -  02:11 2022-08-19 am EDT
14.43 AUD   +3.15%
08/18UBS Adjusts Magellan Financial's Price Target to AU$10.30 From AU$10.60, Keeps at Sell
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08/16Magellan Financial Group Raises Final Dividend as FY22 Profit Rises; Shares Fall 8%
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08/16TRANSCRIPT : Magellan Financial Group Limited, 2022 Earnings Call, Aug 17, 2022
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Barrenjoey Capital Partners acquired 11.6% of Guzman y Gomez Pty Ltd from Magellan Financial Group Limited for AUD 146 million.

06/24/2022 EDT

Barrenjoey Capital Partners entered into an agreement to acquire 11.6% of Guzman y Gomez Pty Ltd from Magellan Financial Group Limited (ASX:MFG) for AUD 146 million on May 9, 2022. Under the terms, AUD 140 million will be paid in cash with provision for a further payment of up to AUD 6 million subject to the performance of Guzman y Gomez Pty Ltd and the realisation of the investment by the trust. The transaction is subject to the completion of a pre-emptive rights process under the GYG shareholders' deed which provides GYG shareholders with the right to purchase Magellan's shares on the same terms and is expected to complete in two tranches occurring in June and July 2022. Proceeds will be used to support Magellan's ongoing capital management initiatives.

Barrenjoey Capital Partners completed the acquisition 11.6% of Guzman y Gomez Pty Ltd from Magellan Financial Group Limited (ASX:MFG) for AUD 146 million on June 24, 2022.


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All news about MAGELLAN FINANCIAL GROUP LIMITED
08/18UBS Adjusts Magellan Financial's Price Target to AU$10.30 From AU$10.60, Keeps at Sell
MT
08/16Magellan Financial Group Raises Final Dividend as FY22 Profit Rises; Shares Fall 8%
MT
08/16TRANSCRIPT : Magellan Financial Group Limited, 2022 Earnings Call, Aug 17, 2022
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08/16Magellan Financial Group Limited Reports Earnings Results for the Full Year Ended June ..
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08/16Magellan Financial Group Limited Declares Dividend for the Six Months Ended June 30, 20..
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08/03Magellan Financial's Funds Under Management Slightly Contracts in July; Shares Rise 3%
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07/18Magellan Asset Management Limited and Magellan Financial Group Limited Appoints David G..
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07/08Magellan Financial Group's Funds Under Management Reach $42 Billion in June; Shares Dec..
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06/24Magellan Financial Group Completes Nearly $97 Million Sale of Guzman y Gomez Stake
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06/24Barrenjoey Capital Partners acquired 11.6% of Guzman y Gomez Pty Ltd from Magellan Fina..
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Financials
Sales 2023 400 M 274 M 274 M
Net income 2023 213 M 147 M 147 M
Net cash 2023 434 M 298 M 298 M
P/E ratio 2023 12,2x
Yield 2023 6,84%
Capitalization 2 671 M 1 834 M 1 834 M
EV / Sales 2023 5,60x
EV / Sales 2024 5,79x
Nbr of Employees 135
Free-Float 60,4%
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Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 10
Last Close Price 14,43 AUD
Average target price 13,28 AUD
Spread / Average Target -7,98%
EPS Revisions
Managers and Directors
David George Chief Executive Officer, MD & Director
Kirsten Elizabeth Morton Chief Financial Officer
Hamish Roy McLennan Independent Non-Executive Chairman
Kris Webster Co-Head-Technology, Communications & Media
Vihari Ross Head-Research
Sector and Competitors