03/08/2023 17:10

Pinnacle Investment Management (PNI) $10.05

PNI -3.83%: the investor and fund support company announced their FY23 results after market yesterday, coming in with a small beat to estimates. Profit was flat compared to FY22 at $76.5m, ~5% above the consensus of $72.8m while the dividend was broadly in line.

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02/02/2023 16:42

Pinnacle Investment Management (PNI) $9.39

PNI -2.69%: announced their half-year results after market yesterday, trading to 4-week lows during the session on some weak numbers.

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01/02/2023 13:40

Emerging Companies Portfolio – Amendment

As discussed in recent reports, we have shifted to neutral on Pinnacle (PNI) after a strong rally.

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25/01/2023 09:11

Pinnacle Investment Group (PNI) $10.64

The investment management services company has been the best performer in the portfolio in 2023, currently up more than 20% in the first 3 weeks of the year and we are sitting on a ~15% profit in the Emerging Companies portfolio. While tech does play a role, it certainly isn’t the main driver of performance, though shares do seem to track the sector...

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31/08/2022 09:32

Emerging Companies Portfolio

The portfolio was up +1.80% in the week, strongly outperforming the S&P/ASX Small Ords index which fell.  Cash in the portfolio is sitting at around 9%. Strength in  Paladin (PDN) +20% and Lovisa Holdings (LOV) +18% drove the performance, more than offsetting weakness in Aussie Broadband (ABB) -15% and EML payments (EML) -9%. The portfolio was also supported by dividends from Bapcor (BAP) and Pinnacle Investment (PNI).

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03/08/2022 17:07

Pinnacle Investment Management (PNI) $11.30

PNI +12.21%:Released FY22 earnings today were a whisker below consensus expectations at the profit line, printing $76.4m versus $77.4m expected while the 17.5c dividend was a touch above. They talked to a strong 1H in terms of flows and a weak 2H which is understandable, with Funds Under Management (FUM) down overall for the year, the first time since...

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27/07/2022 09:35

Emerging Companies Portfolio

The portfolio was up +3.38% in the week, outpacing the performance of the small ords index.  Cash in the portfolio is sitting at around 4%. Strong moves by PointsBet (PBH), Adore Beauty (ABY) & Pinnacle (PNI) all rallying over 13%. These gains were partially offset by ~10% falls in both EML Payments (EML) and Nitro Software (NTO) after poor updates. The small...

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13/07/2022 09:38

Emerging Companies Portfolio

The portfolio was down -2.42% in the week, cash remains at around 4% with no changes to the portfolio. EML Payments (EML) was the biggest drag falling more than 25% after the CEO departed in mysterious circumstances. Lynas (LYC) and PointsBet (PBH) fell -16% and -12% each as well. Select Harvests (SHV) bounced back more than 10% and Pinnacle (PNI) added 7% to be the top performers in the portfolio. This week we are looking at a number of changes in store for the portfolio.

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07/07/2022 16:56

Pinnacle Investment (PNI) $8.18

PNI +7.63%: a very strong day for the investment manager, announcing they expect $10m in performance fees to come their way from the 2nd half. Performance fees for FY22 across their suite of affiliate funds is expected to hit $57m for the previous financial year, a very strong result given the weakness across most asset classes. The market had all but written off the chance of any performance...

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27/04/2022 10:06

Emerging Companies Portfolio – Amendments

We are selling IVE Group (IGL) in the Emerging Companies Portfolio at around breakeven to partially fund additional positions.

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