CGF –10.11%: Hit today despite their Net Profit Before Tax (NPBT) coming broadly in line with expectations, however, the composition of the result was soft which is very typical of CGF. Weaker earnings in business units were offset by lower corporate costs however, the main negative surprise came from bank losses as higher than expected regulatory and integration costs weighed. They said that bank losses would persist in FY23E and it is now under strategic review. Overall, low-quality result and the outlook was soft.
scroll
Question asked
Question asked
Question asked
Question asked
PULSE CHECK WEBINAR: Portfolio positioning towards FY26
Close
Friday 30th May – Dow up +117pts, SPI down -17pts
Close
Gerrish: The correction is done, we’re positioning for what comes next
Close
Active Growth Portfolio – Showing Weighted Beta
Close
MM has no interest in CGF – they simply disappoint too often
Add To Hit List
Related Q&A
How does MM see Fortescue (FMG) trading through 2022?
Picking a healthcare winner
Technical thoughts on CGF & HLS
Our view of Challenger (CGF)
Relevant suggested news and content from the site

Video
WATCH
PULSE CHECK WEBINAR: Portfolio positioning towards FY26
FY26 is shaping up as a year where strategic portfolio positioning will matter more than ever. Hear from James Gerrish & Shawn Hickman as they detail MM's current views.

Podcast
LISTEN
Friday 30th May – Dow up +117pts, SPI down -17pts
Daily Podcast Direct from the Desk

Video
WATCH
Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.


chart
Active Growth Portfolio – Showing Weighted Beta
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.