Latest news with #AndrewPridham
Sydney Morning Herald
a day ago
- Sport
- Sydney Morning Herald
‘Not going to happen': Swans chairman declares SCG off limits to Giants
Swans chairman Andrew Pridham has quickly shut down the latest attempt by the Giants to invade their territory, declaring the SCG off-limits to their crosstown rivals - except in one unlikely circumstance. For several years, Greater Western Sydney has been exploring the possibility of playing a home game at the SCG during the six to eight-week period in which their primary home venue, Engie Stadium, is unavailable due to the Sydney Royal Easter Show. The Giants are trying again for 2026 - this time as part of a deal with Richmond, who would sell one of their home games to the NSW government and play against GWS, who would instead be the away team at the storied Moore Park venue. Pridham told this masthead that he was aware of those talks between the two clubs, but said the Swans had not been officially looped in. And that's problematic, given that under their lease agreement, they have first and final rights over any AFL matches played at the SCG. 'We're aware that there's been discussions between the Giants and Richmond about playing a Richmond home game next season at the SCG,' he said. 'We haven't been officially spoken to about it ... I don't know how well-advanced the thinking is. 'Our position is consistent, as it's always been: under our venue hire agreement, we have exclusive rights to AFL games on the SCG, and we would enforce that as we always have, so it's not going to happen.' There is only one specific situation in which the Swans would relent and allow another team to call the SCG home for a week, Pridham said: 'We're open to playing their [the Giants'] home derby at the SCG if that gives them a better financial outcome. Happy to do that. But the SCG is the home of the Sydney Swans.'
The Age
a day ago
- Sport
- The Age
‘Not going to happen': Swans chairman declares SCG off limits to Giants
Swans chairman Andrew Pridham has quickly shut down the latest attempt by the Giants to invade their territory, declaring the SCG off-limits to their crosstown rivals - except in one unlikely circumstance. For several years, Greater Western Sydney has been exploring the possibility of playing a home game at the SCG during the six to eight-week period in which their primary home venue, Engie Stadium, is unavailable due to the Sydney Royal Easter Show. The Giants are trying again for 2026 - this time as part of a deal with Richmond, who would sell one of their home games to the NSW government and play against GWS, who would instead be the away team at the storied Moore Park venue. Pridham told this masthead that he was aware of those talks between the two clubs, but said the Swans had not been officially looped in. And that's problematic, given that under their lease agreement, they have first and final rights over any AFL matches played at the SCG. 'We're aware that there's been discussions between the Giants and Richmond about playing a Richmond home game next season at the SCG,' he said. 'We haven't been officially spoken to about it ... I don't know how well-advanced the thinking is. 'Our position is consistent, as it's always been: under our venue hire agreement, we have exclusive rights to AFL games on the SCG, and we would enforce that as we always have, so it's not going to happen.' There is only one specific situation in which the Swans would relent and allow another team to call the SCG home for a week, Pridham said: 'We're open to playing their [the Giants'] home derby at the SCG if that gives them a better financial outcome. Happy to do that. But the SCG is the home of the Sydney Swans.'
Yahoo
3 days ago
- Business
- Yahoo
While institutions invested in MA Financial Group Limited (ASX:MAF) benefited from last week's 7.1% gain, retail investors stood to gain the most
Explore MA Financial Group's Fair Values from the Community and select yours Key Insights The considerable ownership by retail investors in MA Financial Group indicates that they collectively have a greater say in management and business strategy A total of 8 investors have a majority stake in the company with 52% ownership Recent sales by insiders AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Every investor in MA Financial Group Limited (ASX:MAF) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 39% to be precise, is retail investors. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Following a 7.1% increase in the stock price last week, retail investors profited the most, but institutions who own 27% stock also stood to gain from the increase. In the chart below, we zoom in on the different ownership groups of MA Financial Group. See our latest analysis for MA Financial Group What Does The Institutional Ownership Tell Us About MA Financial Group? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in MA Financial Group. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at MA Financial Group's earnings history below. Of course, the future is what really matters. Hedge funds don't have many shares in MA Financial Group. Because actions speak louder than words, we consider it a good sign when insiders own a significant stake in a company. In MA Financial Group's case, its Top Key Executive, Andrew Pridham, is the largest shareholder, holding 19% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 11% and 8.0%, of the shares outstanding, respectively. In addition, we found that Julian Biggins, the CEO has 3.1% of the shares allocated to their name. On further inspection, we found that more than half the company's shares are owned by the top 8 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. Insider Ownership Of MA Financial Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own a reasonable proportion of MA Financial Group Limited. It has a market capitalization of just AU$1.4b, and insiders have AU$374m worth of shares in their own names. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. General Public Ownership With a 39% ownership, the general public, mostly comprising of individual investors, have some degree of sway over MA Financial Group. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Public Company Ownership It appears to us that public companies own 4.0% of MA Financial Group. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership. Next Steps: It's always worth thinking about the different groups who own shares in a company. But to understand MA Financial Group better, we need to consider many other factors. For example, we've discovered 2 warning signs for MA Financial Group (1 is potentially serious!) that you should be aware of before investing here. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Australian
22-05-2025
- Business
- The Australian
MA Financial makes retail splash with IPGeneration funds buy
The listed MA Financial Group has inked a deal to buy the growing IPGeneration property funds operation and will look to grow it as the retail property sector is in a sweet spot. The listed company, which counts Andrew Pridham as vice chairman, is buying the Melbourne real estate investment management for $90.4m, to be paid mainly in shares. The business, which controls a $2bn shopping centre empire, will be integrated into the existing MA Financial real estate platform, which spans pubs, shopping centres and marinas. The move will grow the listed firm's real estate empire to about $8bn and overall assets to more than $12bn. Set up in 2018, IPGeneration manages about $2bn of retail shopping centre assets across ten funds that own 14 shopping centres located in NSW, Queensland, Victoria and WA. MA Financial joint chief executive Julian Biggins said IP Generation had an impressive record in securing assets, raising capital and delivering strong returns. The group was at the vanguard of a group of nimble funds houses, including Haben and Fawkner, that snapped up assets that were unloaded by larger institutions as they came under pressure to sell. It picked up centres including Stockland Glendale in NSW, Craigieburn Central in Melbourne and a 50 per cent interest in Rockingham Centre in WA. IPGeneration has also proven up its strategy by profitably selling off one early asset, in Victoria's Corio, after boosting its performance. The deal is expected to give MA Financial's own business a boost as it will have more scale and expertise on board and larger companies and funds remain under pressure to sell assets. There will be 29 real estate investment professionals joining MA Financial's real estate asset team and the overall business will run about $8bn in core, alternative and real estate credit assets. IPGeneration founder and chief executive Chris Lock will become head of core real estate at MA Financial. The firm's chairman David Blight, a former ING Real Estate global, and director Greg Miles, an ex-Scentre senior executive, will also join MA Financial. The $90.4m purchase price represents a multiple of 7.9 time earnings and includes an $80m upfront component, with deal billed as accretive to MA Financial's underlying earnings per share this financial year. Mr Biggins said the acquisition builds scale in the firm's core real estate business at an attractive once in a cycle opportunity in the real estate market. 'This acquisition will mutually benefit our many investor clients, which aligns with our philosophy of achieving win-win outcomes for clients, shareholders, and staff,' he said. Mr Lock said the two companies had a strong cultural fit and alignment. He said the scale of the combined business 'enables us to deliver even better opportunities and investment returns to all our clients in the future'. Ben Wilmot Commercial Property Editor Ben Wilmot has been The Australian's commercial property editor since 2013. He was previously a property journalist with the Australian Financial Review.
