IIR Initiates Coverage on Magellan FuturePay (Managed Fund) (Chi-X: FPAY)

Claire News

Magellan FuturePay (Managed Fund) (Chi-X: FPAY) (“FPAY” or the “Fund”) is a newly created exchange traded managed fund (ETMF) that is seeking to provide investors predictable, monthly distributions that grow with inflation, with the potential for capital growth and protection in down markets. The Fund will be managed by Magellan Asset Management Limited (the “Manager”). The Manager is also the …

There’s action in the family cyber protection space – and is there more to come?

jake News

The head of cyber filtering mob Family Zone (FZO), Tim Levy is bemused about the lack of cyber protection policies covering schools and parents when home schooling became the norm during the pandemic. In essence, because the schools administer the devices the parents can’t install the fileting tools (easily at least). Family Zone this month pulled off the purchase of UK …

Unitholders Approve MHH Transition to ETMF

Claire News

Unitholders of Magellan High Conviction Trust have voted in favour of the transition from a Listed Investment Trust (LIT) to an Exchange Traded Managed Fund (ETMF). MHH will be removed from the ASX on 30 August 2021 and the ETMF will commence trading under the ticker MHHT from 31 August 2021. There is no change to the investment strategy, distribution …

MOT Announces Institutional Placement and Unit Purchase Plan

Claire News

On 26 August 2021, Metrics Income Opportunities Trust (ASX: MOT) announced they are seeking to raise $52.86m through the issue 26.04m new fully paid ordinary MOT units at a price of $2.03 per unit to wholesale investors. In addition to this, the Trust has announced a Unit Purchase Plan (UPP) to existing eligible unitholders to acquire up to $30,000 worth …

WCM Global Growth Increases Final Dividend 25%

Claire News

WCM Global Growth Limited (ASX: WQG) reported a net operating profit after tax of $48.4m for FY21. The investment portfolio delivered a return of 26.8% for FY21 with total shareholder returns of 35.6%. The Company has declared a final dividend for FY21 of 2.5cps, fully franked, a 25% increase of the FY20 final dividend. This represents a full year dividend …

WAM Reports Record Operating Profit and Maintains Final Dividend

Claire News

WAM Capital Limited (ASX: WAM) announced a record operating profit before tax of $343.3m for FY21 on the back of strong portfolio performance. WAM’s pre-tax NTA (including dividends) increased 29.5% in FY21 with a total shareholder return (TSR) of 28.9%. The Company maintained the final dividend of 7.75cps, fully franked, taking the full year dividend to 15.5cps, fully franked. This …

Sandon Capital Declares Special Dividend & Further Aligns Interests with Shareholders

Claire News

Sandon Capital Investments Limited (ASX: SNC) has declared a fully franked special dividend of 1 cent per share (cps) in addition to the full franked FY21 final dividend of 2.75cps. The Board anticipates paying an interim FY22 dividend of 2.75cps, fully franked, subject to the Company having sufficient profit reserves, franking credits and it is within prudent business practices. This …

CAM Declares Special Dividend

Claire News

Clime Capital Limited (ASX: CAM) has announced its FY21 results reporting a NPAT of $22.96m, a 450% increase on FY20. The Board declared a dividend of 1.27 cents per share, fully franked, for the September quarter and a special dividend of 0.25 cents per share, fully franked. This is the first special dividend to be paid since 2006. Holders of …

Beyond Afterpay, who are the next ASX fintech dazzlers?

jake News

The $39 billion takeover offer for Afterpay highlights the stupendous potential of our home-grown digital-oriented fintech minnows, bearing in mind the towering buy-now-pay later (BNPL) oak tree was a mere acorn five years ago. Naturally, investor attention has turned to the slew of listed BNPL wannabes who are emulating the Afterpay model with various degrees of success. But BNPL a …