Magellan Financial Group Limited (ASX: MFG)
Magellan Financial Group Limited (ASX: MFG) is an investment management company which generates attractive returns by investing in World’s best companies. On 6 December 2018, the company reported Funds under management (FUM) of A$72,111 million as of 30 November 2018. In the November month, the company witnessed net inflows of $522mn, which included net retail inflows of $72mn and net institutional inflows of $450mn. In the last six months, the share price of MFG increased by 20.95% as on 6 December 2018. MFG’s shares traded at $26.750 (-1.219% intraday) with a market capitalization of circa $4.8 billion as on 7 December 2018 (AEST 4:00 PM). The key thing to note is the sustainable dividend and track record of funds under management’s performance.
Westpac Banking Corporation (ASX: WBC)
Westpac Banking Corporation (ASX: WBC) has recently announced a distribution of 9.94 cents on its WBCPD securities which will be paid on 18 December 2018. Following this news, the share price of WBC increased by 0.234% on 7 December 2018. During FY 2018, Westpac witnessed a growth of 3 percent in its average interest-earning assets, mainly due to the 4 percent growth in the Australian Housing.
In the last six months, the share price of Westpac decreased by 6.76 percent as on 6 December 2018 and traded at a PE ratio of 10.810x. WBC’s shares traded at $25.730 with a market capitalization of $88.17 billion as on 7 December 2018 (AEST 4:00 PM) and looks good with regards to the grossed up dividends.
EML Payments Limited (ASX:EML)
EML Payments Limited (ASX: EML) is a prepaid service provider which offers secure payment solution to its customers. This fintech looks interesting when it comes to services that it offers. In FY 2018, the Gross debit volume (GDV) of the company increased by 53% to $6.75 billion as compared to the prior year. The group revenue increased by 23 percent to $71.0 million and EBITDA increased by 43 percent to $20.8m in FY 2018 as compared to the last year. In FY18, 65% of Group EBTDA was generated in the first half due to seasonality in the Group’s Non-Reloadable programs, however, in FY 2019, the company is expecting the seasonality to diminish further with minimal seasonality weighting to H1. In the last six months, the share price of the company increased by 19.92 percent as on 6 December 2018. EML’s shares traded at $1.455(-1.356% intraday) with a market capitalization of $368.77 million as on 7 December 2018.
Challenger Limited (ASX: CGF)
Challenger Limited (ASX: CGF) is an investment management company which is committed to provide financial security to its customers. In FY 2018, the Assets under Management (AUM) of the company grew by 16 percent to $81 million as compared to last year. Further, the company also reported the Normalized Net profit after tax of $406 million which is 6 percent higher than last year. In the last six months, the share price of Challenger decreased by 25 percent as on 6 December 2018 and gives a good value-driven opportunity. CGF’s shares traded at $9.490 with a market capitalization of $5.76 billion as on 7 December 2018 (AEST 4:00 PM). Growing base of customers and annuity related products with sustainable profit growth are key to the group’s success. The group is aiming to achieve normalized net profit before tax growth of 8-12% on FY18.
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