Source: Livewire By: Chris Conway Activist Investing: Changing the corporate status quo for investors’ benefit Activism isn’t new in Australia but it is gaining prominence – and the performance returns will make investors sit up and take notice. Activist investing has gained traction in Australia......
Source: Sandon Capital By: Sandon Capital Sandon Capital’s 2023 AGM Season Recap The end of November marks the end of AGM season for companies with a 30 June balance date. For the Sandon Capital portfolio, AGM season has been positive. AGMs are often eschewed by......
Source: Financial Review By: Jonathan Shapiro Magellan Financial shareholders have registered a large protest vote against the fund manager’s board, with the company’s new chairman, Andrew Formica, urging investors to focus on the company’s strong balance sheet and its plans for the future. Mr Formica......
Source: The Australian By: Chris Herde There is a push for former Wallabies Capital John Eales to be dumped as a non-executive director of embattled global funds giant Magellan Financial Group with activist investor Sandon Capital saying it would vote against his re-election. The ASX-listed......
Source: Financial Review By: James Thomson Activist investor Sandon Capital says it will vote against the re-election of Magellan Financial Group director and former rugby union legend John Eales at the fund manager’s annual general meeting, citing the group’s pay policies. Sandon, which launched an activist......
Source: Financial Review After a dramatic earnings season, fund managers are looking for long-term growth in a tricky environment. Here are some of their top picks. If last month’s earnings season felt dramatic, that’s because it was; Goldman Sachs says one out of every......
Source: Financial Review By: Tom Richardson and Lucy Dean Magellan shares surged the most in five years after the fund manager promised to tackle costs and declared a special dividend of 30¢ a share, in a show of balance sheet strength aimed at winning back......
Source: The Australian By: Tansy Harcourt Magellan Financial Group has revealed a surprise reshuffle including a new head of investments and a new chairman, after posting a worse-than-expected 52 per cent drop in full year profit to $182.7m on the back of continued fund outflows.......
Source: Sydney Morning Herald By: Millie Muroi Former high-flying fund manager Magellan suffered another $2.1 billion in outflows last month, capping off another tough year for the business as it struggles to regain investors’ confidence. The latest outflow takes the total decline in Magellan’s funds......
Sandon Capital considers Magellan to be deeply undervalued and misunderstood by the market. Magellan shares trade at a significant discount to their intrinsic value as well as a substantial discount to its peers.
At the time of investment, A2B’s share price was underpinned by its valuable property holdings. Sandon Capital believes significant value can be unlocked through operational improvement, improved capital allocation and strategic changes.
Contrary to board and broker consensus, Sandon Capital believed a lucrative royalty was being significantly undervalued by the market.
Fleetwood was perceived as a mining services company with a number of stranded assets that had failed to deliver consistent profits.
Sandon Capital saw the potential for a turnaround in CYG’s performance with a change in governance and a strategic shift in operations and capital management.
Sandon Capital believed that changes in the operational and capital management strateges would lead to improved performance and a share market rerating.
Any company will ultimately bend to the will of the majority of shareholders, says the market-beating fund manager.
Activist fund managers have the potential to create even more value from downtrodden companies as a result of the coronavirus turmoil, according to Independent Investment Research, because the timing is extremely favourable for a turn of fortunes.
The forces behind the uptick in shareholder activism have been building for a decade. In this article Gabriel Radzyminski and other experts share their views.
In this Firstlinks article Gabriel Radzyminski, Sandon Capital Founder, Managing Director and Portfolio Manager, describes how activist investing plays an important role in building the efficiency of Australian capital markets and in protecting and enhancing common shareholder wealth.
Watch the Australian Financial Review panel discussion, including panel member Gabriel Radzyminski.
Watch the SALT Talks interview with Rachel Pether.
Source: Livewire By: Chris Conway Activist Investing: Changing the corporate status quo for investors’ benefit Activism isn’t new in Australia but it is gaining prominence – and the performance returns will make investors sit up and take notice. Activist investing has gained traction in Australia......
Source: Sandon Capital By: Sandon Capital Sandon Capital’s 2023 AGM Season Recap The end of November marks the end of AGM season for companies with a 30 June balance date. For the Sandon Capital portfolio, AGM season has been positive. AGMs are often eschewed by......
Source: Financial Review By: Gabriel Radzyminski Whether we realise it or not, most Australians have an interest in the ability of shareholders to hold the directors of the companies we own to account. For most of us, this is through our superannuation or pension products.......
Download our response to draft legislation on Australian Government Treasury Department’s proposed reforms to allow virtual AGMs....
Source: The Australian Financial Review. By: Michael Roddan. Treasury’s proxy adviser reforms will “further entrench underperforming listed company directors”, reduce management accountability and weaken shareholder rights, Sandon Capital founder Gabriel Radzyminski says. Treasurer Josh Frydenberg’s proposed overhaul of the proxy advice sector would shield directors and management who oversee......
Download our submission to the Australian Government Treasury Department’s Consultation Paper on greater transparency of proxy advice, April 2021....
Source: The Australian Financial Review. By: Chanticleer. Chip, chip chip. Under the cover of COVID-19, the federal government is chipping away at the rights of small investors – the same small investors that helped it retain office at last year’s election. This is perfectly illustrated......
Source: The Australian Financial Review. By: John Kehoe. Companies will face softer financial disclosure rules for a further six months from Wednesday under a COVID-19 regulatory shield extended by Treasurer Josh Frydenberg, fuelling a brawl between supportive directors and investors who warn the weakening will......