18/02/2022 09:18

Challenger Ltd (CGF) $6.74

Annuity investment firm CGF rallied strongly yesterday to close up 6.7% after reporting a 21% lift in NPAT to $238mn for the 1st half year. This is a noxiously complex business to analyse and frankly, they’ve dropped the ball a number of times in terms of the portfolio skews they use / risk they take on to underpin their written annuities – it’s not an easy business but it can also...

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04/02/2022 09:16

Challenger Ltd (CGF) $5.91

Its been a while since MM looked at old market favourite CGF and it doesn’t take long to see why, we may have seen significant volatility from the likes of Magellan (MFG) and Pinnacle Investments (PNI) in the sector but CGF’s trading at the same level as it was this time last year. CGF continues to trade at half of its valuation back in 2017 when most...

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23/12/2021 09:41

Challenger Ltd (CGF) $6.53

CGF was an investor favourite just a few years ago but its more than halved from its 2018 high leaving many frustrated shareholders in its wake. The retirement income & investment company appointed a new CEO this month which appears to have been comfortably digested by the market without a hiccup. The stocks recovered from a disappointing 3rd quarter...

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10/08/2021 15:39

Challenger Group Financial (CGF) $5.82

CGF +0.78%: Released FY21 earnings this morning that were smack on expectations, both in terms of earnings for FY21 and guidance for FY22. Normalised pre-tax profit of $396m for FY21 will jump by ~15% over the coming 12 months if they meet the midpoint of stated guidance

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10/08/2021 09:29

Reporting Today (CGF, CPU, CRN, JHX, MP1)

Companies reporting today on MM’s radar:

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08/07/2021 09:24

Challenger (CGF) $5.95

CGF was the indexes best performing stock yesterday soaring +8.8% as Athene bought a $720m stake in the business and appears to want more – importantly the Bermuda based life assurance business is currently merging with M&A powerhouse Apollo Global Management. At MM we managed to avoid the huge declines experienced by CGF over recent years but the risk /reward is now looking interesting for this “situation play”.

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21/04/2021 09:08

Challenger Ltd (CGF) $5.56

MM is cashed up across our portfolios looking for a market pullback to again wade back into equities and our first reaction when we see a stock tumble almost 16% in one session is to evaluate if things look overdone.

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20/04/2021 16:56

Challenger Group Financial (CGF) $5.56

CGF -15.76%: We’re not fans of the annuity provider at MM and today they once again met our expectations after saying that full year pre-tax profit would be at the lower end of the guided range, which was $390-440m.

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11/02/2021 07:09

Challenger (CGF) $6.15

In a very similar manner to BLD investment manager Challenger Financial (CGF) after making fresh post COVID highs earlier in the week didn’t find enough good news in their result to justify the recent strength plus again no dividend was delivered – this time the stock was hit almost 15%.

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