17/12/2025 09:38

Computershare Ltd (CPU) $34.13

CPU is an almost 20bn business that makes money by charging companies fees to manage shareholder records and corporate actions, and by earning interest on large client cash balances it temporarily holds, hence making it a business that benefits from elevated interest rates.

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12/02/2025 17:21

Computershare (CPU) $41.53

CPU +15.49%: Broke through all-time-highs and posted its best one-day gain since 2016 as the share registry beat earnings expectations and lifted annual guidance.  

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03/10/2023 16:56

Computershare (CPU) $25.82

CPU +0.04%: the share registry and employee services company announced the sale of their US Mortgage Services business following a strategic review. US-based asset manager Rithm is expected to pay $US720m for the book which is in line with their tangible asset value and with market expectations for the sale.

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13/07/2023 09:25

Computershare Ltd (CPU) $23.45

CPU provided a trading update in May with FY23 EPS growth of +90% reaffirmed but FY24 margin income guidance was reduced with lower average balances. At MM we’re still not huge fans of the registry and corporate services business especially with CPU being a beneficiary of higher interest rates this tailwind has come to an end in our opinion.

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15/02/2023 16:59

Computershare (CPU) $23.60

CPU -4.03%: registry and corporate services business struggled today on the back of a softer 1H result, though the company did maintain FY23 guidance. NPAT of $269m was 95% higher than last year, though it includes a full half contribution from CCT.

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20/01/2023 09:30

3 Computershare Ltd (CPU) $23.70

CPU actually looks fairly similar to the totally unrelated KAR from a chart perspective having fallen -9.54% in 2023 but that’s where the comparison should end. The company keeps delivering but it’s a business model MM is wary of believing it’s open to disruption in the years ahead – not a rewarding view since Covid!

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11/08/2021 10:08

Computershare (CPU) $16.29

The share registry released their earnings after market yesterday and were slightly ahead expectations. They had upgraded guidance for EPS of 51.77cps and they delivered 52.03cps. For FY22 they guided to EPS of 53cps which is inline with where the market was at and equates to earnings growth of 2%. Paying 22x for 2% earnings growth doesn’t excite us. 

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11/08/2021 09:29

Reporting Today (CBA, CPU, IAG, MIN, MFG)

Reporting Calendar: Download here Companies reporting today on MM’s radar include: Commonwealth Bank (CBA) FY21 result – A very strong result today from CBA which we cover in details in the Income Portfolio Section of todays note

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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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24/03/2021 17:09

Computershare (CPU) $14.84

The registry and corporate administration business has agreed to pay $US750m for US listed Wells Fargo (WFC US) Corporate Trust Services (CTS) business.

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