MAF acquires a large scale Melbourne Hotel (Vibe Dockside) to seed new Accommodation Hotel Fund

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02769346-2A1503111

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02742025-2A1488716?access_token=83ff96335c2d45a094df02a206a39ff4

Steady as she goes…

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02738697-2A1487160?access_token=83ff96335c2d45a094df02a206a39ff4

MAF provided an update. Briefly (see below) it continues to execute and scale quickly.

My summary is that regardless of the macro environment high net wealth individuals with big money keep looking for opportunities to invest big sums of money! This is one of my major reasons for being invested. I figure I can also take “indirect” advantage of these opportunities and returns by investing in MAF.

For those interested. From a few weeks ago, but reinforces just what is being built here by this “Mini Maquarie” or is it “Macquarie Mark II”.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02664995-2A1448888?access_token=83ff96335c2d45a094df02a206a39ff4

MAF continues to expand and diversify its Asset launching a fund to purchase Australias largest premium Marina network.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02656282-2A1444564?access_token=83ff96335c2d45a094df02a206a39ff4

*Note I hold for reference.

I think the visa linked HNW issue has subsided. The company has been able to pivot increasing FUM by 17% (1.5b). As such I think that future HNW visa linked funds can be seen as a bonus to the fund.

MA Financial Group Ltd

• EXPECTS FY22 UNDERLYING EARNINGS PER SHARE TO BE BETWEEN 38.0 AND 38.5 AU CENTS, UP 28% TO 30% ON FY21 
• TOTAL ASSETS UNDER MANAGEMENT AT 31 DECEMBER 2022 OF A$7.8 BILLION WERE UP 13%

Share price is down 9% as previous indication to the market was earnings would increase 30-40%.

Hi @BoredSaint thanks for the valuation.

In their most recent update 3/11 they reported the following.

*87% of 2H22 to date gross inflows were non-migration related with domestic inflows up 7% and international non-migration inflows up 134% on the prior corresponding period.

Based on these figures and their continued growth profile it seems they have been able to pivot quickly and source their funds from non migration foreigners. Clearly lots of cashed up foreigners looking for returns.

Note: I hold IRL and SM.

Note: i hold

A nice update from MA Financial and again confirmed their expected underlying earnings.

some key updates included…

• Gross fund inflows of $733 million into Asset Management funds from 1 July to 1 November (2H22 to date), up 36% on the same period in 2H21.

• 2H22 to date net inflows of $510 million were up 10% on the prior corresponding period.

• 87% of 2H22 to date gross inflows were non-migration related with domestic inflows up 7% and international non-migration inflows up 134% on the prior corresponding period.

• FY22 gross fund inflows to 1 November of $1.3 billion, are up 14% compared to the same period in FY21 despite the volatile market conditions and COVID-related restrictions impacting migration flows.

The full release can be found below.

https://mafinancial.com/investors/announcements/ma-financial-updates-on-positive-2h22-operational-momentum/

Response to ASX Price Query can be found below.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02566969-2A1397913?access_token=83ff96335c2d45a094df02a206a39ff4

MAF releases media announcement! Please see full ASX response below.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02566971-2A1397917?access_token=83ff96335c2d45a094df02a206a39ff4

MAF continues to grow with Funds under management (+18%) to 7.2B, loan book (+91%) to 718m, finsure managed loans (+25%) to 84B and corporate advisory (+12%) to 27.8m. Statutory EPS up (+29%) to 12.9c. Along with PPM I like them both as they provides and exposure to the finance industry providing both growth and dividends. (Note I hold iRL)

Announcement in link below…

https://newswire.iguana2.com/af5f4d73c1a54a33/announcements/maf.asx/2A1393368/MAF_Announcement_2A1393368.pdf?download=1

MA Financial Group increases FY21 & FY22 earnings guidance…

FY21 Underlying EPS growth expected to exceed 50% on FY20, up from >40% previously announced

FY22 Underlying EPS now expected to be up 10-20% on FY21, approximately 2-3% above the previous FY22 guidance range

wow! So much to explore in this announcement…

Dec 15 (Reuters) - MA Financial Group Ltd (MAF) : 

• TO ACQUIRE 100% OF FINSURE FOR A$145.0 MILLION 
• FY21 UNDERLYING EPS GROWTH EXPECTED TO EXCEED UPPER END OF PRIOR 30% TO 40% GUIDANCE RANGE 
• FY22 UNDERLYING EPS EXPECTED TO BE UP 15% TO 25% ON FY21 RESULT INCLUSIVE OF FINSURE ACQUISITION 
• ACQUISITION FUNDING TO BE SUPPORTED BY AN UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE ABOUT A$100 MILLION 
• WILL ALSO UNDERTAKE A NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO A$10 MILLION 
• PLACEMENT SHARES WILL BE ISSUED AT A$7.75

MA Financial Group Limited announces upgraded earnings guidance for FY21. Given continued momentum across the Group it is now anticipated that FY21 Underlying earnings per share (EPS) will increase between 30% and 40% on FY20. The previously announced expectation was for a 20% to 30% increase. The strong activity levels experienced in 1H21 have persisted through 2H21.  

Continuing to kick goals! Maybe just maybe these guys really are the next Macquarie! Will need to update the valuation at a later stage and the opportunity to buy between $6.00-7.00 is most likley gone bar a major correction.

For those interested these are some numbers from their Annual Presentation: 

REVENUE (underlying)                                      FY2017: 36/71 = 107m                 FY2018: 56/80 = 136m               FY2019: 68/90 = 158m              FY2020: 67/93 = 160m              HY2021: 103*/TBC = TBC

ASSETS UNDER MANAGEMENT  FY2017: 2.8B                                          FY2018: 3.7B                                 FY2019: 4.9B                                  FY2020: 5.4B                               HY2021: 6.1B*

Look at those first half numbers!!!

Disclaimer: I hold in my personal portfolio but missed by 1d (on adding it to my strawman account) the initial pop from 5.40s to 5.90s and then got a bit greedy when it retreated into the 5.50s. 
 

I thought this would trade in the 6.00-7.00 zone (holding around that 29-30Pae ratio) and I could enter at some stage in the low 6s even after results but, today it broke through $8 and there does not seem to be an end insite. At a PE ~37 that's probably a bit high for a finance company (what is high in today's market) but, with EPS growth (not revenue) predictions increasing from 10-20% to 20-30% the potential to be the next Macquarie must be really sinking in and investors can see this continuing to produce significant growth for that PE ratio to stretch out a bit wider. 

I am still looking to double up in my personal portfolio and for an entry on strawman if I feel something else can be replaced but, I need to see at what value this will be. 

In hindsight the writing was on the wall that this was going to re-rate because the earnings upgrade was not a revenue upgrade from 10-20% to 20-30% but, an EPS increase!!! Which, is actually very impressive! For now I will just have to see where it settles for an entry. 

Good luck to those who added to their strawman account. 

MAF announces record half year results and its first interim dividend! All signs point to this being just the beginning for the company dubbed "the next Macquarie Bank". Wouldn't be surprised to see this head over $6.00 today. 

Its seems I was one day too late buying it for my Strawman Portfolio and missed the jump (8.6%) today from 5.44 (buy order <5.46) to 5.90. With no official news out that I could find, a please explain may be on the way from the ASX.

However, the price pop potentially confirms that the recent announcement indicating results would be towards the upper range of the 10-20% are probably now confirmed if not even higher. Unless, there is additional news (1st quarter indications) that has leaked or another Strawman member bought up big :).

This is my bad for not pulling the trigger earlier. Still this is a long term buy and hold so based on the results released 18/8 I may have to adjust my buy in or wait for an entry point. Yes I am after a long term hold but, no point giving away free money if there is an opportunity for a better entry. Lets see if they get a please explain tomorrow from the ASX. 

I have been watching MAF from the side lines and today took a starter position (personal portfolio) and have a bid in on my strawman account. With the company indicating that earnings will be closer to the higher range of its 10-20% (Statutory Earnings FY20 @ 18.5c / 10c Div) wanted to get on before before official results (FY21) were announced next week.

MAF is a an asset management, corporate advisory and hospitality-hotel management, credit lending, realestate and venture capital business thus, providing revenue generation streams with massive run-ways.

I think the growth opportunity here is either not being fully understood/appreciated or currently ASX investors in the financial services are being drawn or focused on other financial equities such as the major Banks (Silent Gen, Gen X-Y) and of course the numerous Fin-techs/BNPL (Gen Y-millennial, Gen Z, Gen Alpha) that seem to be listing with regularity on the ASX and with Xmas type fanfare. 

As such, I see MAF as an undervalued long term play which, may not have the sex appeal of a Fintech or BNPL with a catchy name but, is following a proven money making machine model (think Macquarie Bank) which, could provide both CG and Div return for the short, medium to long term investor and provide a nice solid anchor to your portfolio. 

In summary sometimes a profitable growth company can be right in front of your eyes but, you can be caught up in speculation of the next greatest thing or distracted by the current flavour of the market. If MAF grows to even a quarter of a Macquarie then there are multiple bags and significant dividends to be made.