Magellan High Conviction Trust (mhh) Logo

Magellan High Conviction Trust (MHH)

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MHH Chart

MHH's Principal Activity is the registered managed scheme structured as a closed-ended unit trust that is domiciled in Australia.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2021 YTD
1 Year
vs Sector (1yr) -
vs ASX 200 (1yr) -1.75%

Size

Market Capitalisation
ASX Rank 298 of 2,297
Sector Rank

Key Information

Shares Issued
Sector Financial Services
Similar Companies -
EPS -$0.039
DPS $0.045
NTA per share $1.76

Broker Consensus

MHH is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Date Heading Pages File Size Time

Company Overview

Magellan High Conviction Trust (MHH) is a listed investment trust. It has been registered as a managed investment scheme under the Corporations Act. Investors can access the Magellan High Conviction Strategy either as an unlisted managed fund or as a Listed Investment Trust listed on the ASX.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Sydney NSW 2000
Website www.magellangroup.com.au
Registry BoardRoom
Auditor Ernst & Young
Date Listed 11 Oct 2019

Upcoming Calendar (Forecasted)

Date Event
23/08/2021 Report (Prelim)
23/08/2021 Report (Annual)
25/02/2022 Report (Interim)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
01/07/2021 $0.0225 0% $0.0225 Final 21/07/2021
04/01/2021 $0.0225 0% $0.0225 Interim 15/01/2021
01/07/2020 $0.0225 0% $0.0225 Final 28/07/2020
02/01/2020 $0.0225 0% $0.0225 Interim 16/01/2020

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.045
Gross DPS(TTM) $0.045
Dividend yield
Gross yield
Payout Ratio 108%
DRP Yes
DRP Features -

Directors & Management

Directors & Management

Name Title Since Bio
Ms Mariana Kolaroski Joint Company Secretary Apr 2021
Ms Colette Mary Garnsey Non-Executive Director Nov 2020 Director Bio icon

Ms Colette Mary Garnsey

Non-Executive Director

--

Ms Marcia Paulina Venegas Company Secretary Mar 2019
Ms Kirsten Elizabeth Morton Chief Financial Officer,Executive Director Oct 2018 Director Bio icon

Ms Kirsten Elizabeth Morton

Chief Financial Officer,Executive Director

Ms Morton has 20 years' experience in funds management (real estate), banking and media. Kirsten has held various finance positions including Head of Finance - ASX Listed & Unlisted Property/REITs at Colonial First State Global Asset Management, Group Financial Controller roles at The GPT Group and Fairfax Media, and 12 years at PricewaterhouseCoopers in audit, accounting consulting services and insolvency management, in both Australia and the US.

Mr John Anthony Eales Non-Executive Director Jul 2017 Director Bio icon

Mr John Anthony Eales

Non-Executive Director

Mr Eales has served in executive or advisory positions with a number of organisations. John cofounded the Mettle Group in 2003 and currently sits on the boards of Flight Centre Travel Group and Fuji Xerox - Document Management Solutions. He is a columnist with The Australian newspaper writing on both business and sport and has served as a consultant to Australian companies, including Westpac. John is the author of two books, Learning from Legends Sport and Learning from Legends Business.

Mr Hamish Roy McLennan Non-Executive Director Mar 2016 Director Bio icon

Mr Hamish Roy McLennan

Non-Executive Director

Mr McLennan has over 30 years' experience in the media industry. He is currently Chairman of REA Group Limited (appointed 21 February 2012 and Chairman since 10 April 2012) and Chairman of HT&E Limited (appointed 30 October 2018). Hamish is also a Non-Executive Director of the tech firm Claim Central Consolidated (since January 2020) and was elected Chairman of Rugby Australia in June 2020. He was previously Executive Vice President, Office of the Chairman, News Corporation, and Global Chairman & CEO of Young & Rubicam (Y&R) in New York, part of WPP. Mr McLennan joined Young & Rubicam in 2002 as Chairman and CEO of Y&R Brands Australia/New Zealand. He was also previously Executive Chairman and Chief Executive Officer (March 2014 to July 2015) and Chief Executive Officer and Managing Director (February 2013 to March 2014) of Ten Network Holdings Limited. He has previously served on the Boards of Directors for the United Negro College Fund (UNCF) and the US Ad Council.

Mr Robert Darius Fraser Non-Executive Chairman,Non-Executive Director Apr 2014 Director Bio icon

Mr Robert Darius Fraser

Non-Executive Chairman,Non-Executive Director

Mr Fraser is a company director and corporate adviser with over 30 years of investment banking experience in mergers and takeovers, corporate and financial analysis, capital management and equity capital markets. He is presently the Managing Director of TC Corporate Pty Limited, the corporate advisory division of Taylor Collison Limited stockbrokers of which he is a Director and principal. Robert currently serves on the Boards of ARB Corporation Limited (since February 2004), F.F.I. Holdings Limited (since October 2011) and MFF Capital Investments Limited (since May 2019).

Ms Karen Leslie Phin Non-Executive Director Apr 2014 Director Bio icon

Ms Karen Leslie Phin

Non-Executive Director

Ms Phin has over 20 years' capital markets experience advising a range of top Australian companies on their capital management and funding strategies. Until 2014, Karen was Managing Director and Head of Capital Management Advisory at Citigroup in Australia and New Zealand. From 1996 - 2009, she worked at UBS where she was also a Managing Director and led the Capital Management Group. Prior to joining Citigroup, Karen spent 12 months at ASIC as a Senior Specialist in the Corporations group. Karen is currently a Non-Executive Director of Omni Bridgeway Ltd (since August 2017), Non-Executive Director of ARB Corporation Limited (since June 2019) and is a member of the Takeovers Panel and the Ascham School Council of Governors.

Dr Brett Peter Cairns Chief Executive Officer,Executive Director Jan 2007 Director Bio icon

Dr Brett Peter Cairns

Chief Executive Officer,Executive Director

Dr Cairns was formerly co-head of the Capital Markets Group within Structured Finance at Babcock & Brown, which he joined in 2002. Brett was a former Managing Director and Head of Debt Capital Markets for Merrill Lynch in Australia where he worked from 1994 to 2002. Prior to joining Merrill Lynch, Brett spent 3 years with Credit Suisse Financial Products.

Mr Paul Anthony Lewis Non-Executive Director Dec 2006 Director Bio icon

Mr Paul Anthony Lewis

Non-Executive Director

Mr Lewis was Managing Partner and Chief Executive of Asia for PA Consulting Group, based in Hong Kong from 1992 - 2004, at the conclusion of which PA had offices in Hong Kong, Beijing, Tokyo, Bangalore, Singapore, Kuala Lumpur and Jakarta. Paul led assignments in financial services - retail banking, life insurance and stock exchanges, energy, manufacturing, telecommunications, rail, air, container shipping and government. Paul also served on senior advisory panels with ministerial representation in Hong Kong, Malaysia and Indonesia, and from 2003 to 2009 was a member of British Telecom's Global Advisory Board. Paul is currently Deputy National Chairman of the Australian British Chamber of Commerce, Chair of IPScape Limited, Chair of GWS Giants Foundation, and a board member of Volt Bank and Optal Limited. He was previously Chair of the NAB Private Advisory Board, NAB Business Advisory Board and British Telecom Global Advisory Board.

Director Transactions

MHH directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
21/07/21 Robert Fraser Issued 3,558 $1.646 $5,858 Dividend Reinvestment Plan (DRP)
21/07/21 John Eales Issued 3,074 $1.646 $5,061 Dividend Reinvestment Plan (DRP)
21/07/21 Hamish McLennan Issued 512 $1.646 $843 Dividend Reinvestment Plan (DRP)
21/07/21 Kirsten Morton Issued 307 $1.645 $505 Dividend Reinvestment Plan (DRP)
21/07/21 Brett Cairns Issued 2,558 $1.647 $4,212 Dividend Reinvestment Plan (DRP)
21/07/21 Karen Phin Issued 1,023 $1.646 $1,684 Dividend Reinvestment Plan (DRP)
15/01/21 Hamish McLennan Buy +571 $1.452 $829 Dividend Reinvestment Plan (DRP)
15/01/21 Karen Phin Buy +1,143 $1.451 $1,659 Dividend Reinvestment Plan (DRP)
15/01/21 John Eales Buy +3,434 $1.452 $4,986 Dividend Reinvestment Plan (DRP)
15/01/21 Brett Cairns Buy +2,857 $1.452 $4,148 Dividend Reinvestment Plan (DRP)
15/01/21 Robert Fraser Buy +3,972 $1.452 $5,767 Dividend Reinvestment Plan (DRP)
15/01/21 Kirsten Morton Buy +343 $1.452 $498 Dividend Reinvestment Plan (DRP)
28/07/20 Robert Fraser Buy +3,825 $1.485 $5,681 Dividend Reinvestment Plan (DRP)
28/07/20 Brett Cairns Buy +2,750 $1.485 $4,084 Dividend Reinvestment Plan (DRP)
28/07/20 John Eales Buy +3,304 $1.485 $4,907 Dividend Reinvestment Plan (DRP)
28/07/20 Paul Lewis Buy +10,523 $1.485 $15,630 Dividend Reinvestment Plan (DRP)
28/07/20 Hamish McLennan Buy +550 $1.484 $816 Dividend Reinvestment Plan (DRP)
28/07/20 Karen Phin Buy +1,100 $1.485 $1,633 Dividend Reinvestment Plan (DRP)
28/07/20 Kirsten Morton Buy +330 $1.485 $490 Dividend Reinvestment Plan (DRP)
16/01/20 Hamish McLennan Issued 485 $1.547 $750 Dividend Reinvestment Plan (DRP)
16/01/20 Robert Fraser Issued 3,395 $1.547 $5,252 Dividend Reinvestment Plan (DRP)
16/01/20 Karen Phin Issued 970 $1.547 $1,501 Dividend Reinvestment Plan (DRP)
16/01/20 Kirsten Morton Issued 291 $1.547 $450 Dividend Reinvestment Plan (DRP)
16/01/20 Paul Lewis Issued 9,696 $1.547 $15,000 Dividend Reinvestment Plan (DRP)
16/01/20 Brett Cairns Issued 2,424 $1.547 $3,750 Dividend Reinvestment Plan (DRP)
16/01/20 Kirsten Morton Issued 291 $1.546 $450 Dividend Reinvestment Plan (DRP)
16/01/20 Brett Cairns Issued 2,424 $1.547 $3,749 Dividend Reinvestment Plan (DRP)
16/01/20 Hamish McLennan Issued 485 $1.546 $750 Dividend Reinvestment Plan (DRP)
16/01/20 Paul Lewis Issued 9,696 $1.547 $14,999 Dividend Reinvestment Plan (DRP)
15/01/20 John Eales Transfer 66,932 $1.66 $111,107 Off-market transfer
15/01/20 John Eales Issued 15,016 $1.677 $25,174 Issue of securities
15/01/20 John Eales Transfer 66,932 $1.66 $111,107 Off-market transfer
15/01/20 John Eales Issued 2,912 $1.547 $4,505 Dividend Reinvestment Plan (DRP)
15/01/20 Karen Phin Transfer 66,668 $1.66 $110,669 Off-market transfer
15/01/20 Brett Cairns Issued 12,500 $1.66 $20,750 Issue of securities
15/01/20 Robert Fraser Transfer 33,334 $1.66 $55,334 Off-market transfer
15/01/20 Karen Phin Transfer 66,668 $1.66 $110,669 Off-market transfer
15/01/20 Robert Fraser Issued 15,833 $1.66 $26,283 Issue of securities
15/01/20 Karen Phin Issued 6,166 $1.66 $10,236 Issue of securities
15/01/20 Paul Lewis Issued 42,499 $1.66 $70,548 Issue of securities
15/01/20 Robert Fraser Transfer 33,334 $1.66 $55,334 Off-market transfer
15/01/20 Hamish McLennan Issued 2,500 $1.66 $4,150 Issue of securities
15/01/20 Kirsten Morton Issued 1,500 $1.66 $2,490 Issue of securities
15/01/20 John Eales Issued 2,912 $1.547 $4,504 Dividend Reinvestment Plan (DRP)
15/01/20 John Eales Transfer 66,932 $1.66 $111,107 Off-market transfer
15/01/20 Kirsten Morton Issued 1,500 $1.66 $2,490 Issue of securities
15/01/20 Karen Phin Transfer 66,668 $1.66 $110,668 Off-market transfer
15/01/20 Karen Phin Transfer 66,668 $1.66 $110,668 Off-market transfer
15/01/20 Brett Cairns Issued 12,500 $1.66 $20,750 Issue of securities
15/01/20 Robert Fraser Issued 15,833 $1.66 $26,282 Issue of securities
15/01/20 Robert Fraser Transfer 33,334 $1.66 $55,334 Off-market transfer
15/01/20 Robert Fraser Transfer 33,334 $1.66 $55,334 Off-market transfer
15/01/20 Paul Lewis Issued 42,499 $1.66 $70,548 Issue of securities

Director Interests

The current holdings of MHH directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Kirsten Morton 21/07/2021 22,771 N/A N/A N/A
Karen Phin 21/07/2021 0 123,737 N/A N/A
Hamish McLennan 21/07/2021 N/A 37,952 N/A N/A
Brett Cairns 21/07/2021 N/A 189,759 N/A N/A
John Eales 21/07/2021 0 228,008 N/A N/A
Robert Fraser 21/07/2021 0 263,921 N/A N/A
Colette Garnsey 30/11/2020 0 N/A N/A N/A
Paul Lewis 28/07/2020 N/A 1,496,053 N/A N/A

Shareholder Info

Top 20 Shareholders About the Data

Data supplied by Morningstar and accurate on Aug 14, 2020.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Penpol Pty Limited 33,220,812 5.47%
HSBC Custody Nominees (Australia) Limited 17,430,149 2.87%
Midas Touch Investments P/L 14,144,282 2.33%
Nulls Nominees (Aust) Limited 8,521,455 1.40%
Navigator Australia Ltd 8,226,096 1.35%
AZQ Investments Pty Ltd 6,919,499 1.14%
Magellan Financial Group Ltd 6,412,367 0.56%
Netwealth Investments Limited 6,269,844 1.03%
BNP Paribas Nominees Pty Ltd Hu824 Custodial Serv Ltd 6,120,584 1.01%
Citicorp Nominees Pty Limited 4,843,414 0.80%
Cavalane Holdings Pty Ltd 3,416,667 0.56%
Nota Bene Investments Pty Ltd 3,416,667 0.56%
Merrill Lynch (Australia) Nominees Pty Limited 3,229,161 0.53%
Netwealth Investments Limited (I) 2,572,202 0.42%
Australian Executor Trustees Limited 2,345,182 0.39%
J P Morgan Nominees Australia Pty Limited 2,294,866 0.38%
Wheldons Pty Ltd 2,050,000 0.34%
Invia Custodian Pty Limited 1,390,219 0.23%
Padstow 2017 Pty Ltd 1,366,835 0.23%
Sylvania Pty Ltd 1,000,000 0.17%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 787 2,438 2,300 12,314 365 18,204

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
Frank Lowy 17/11/2020 32,263,938 5.35

Shareholders Buying

12 month transaction history compiled from ASX announcements.

No buy transactions reported by Substantial Shareholders in the past 12 months.

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
17-11-20 Frank Lowy 6,587,915 6.38 5.35

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2020 $1.40 30 June
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MHH Historical Price Data (CSV)
Up to 20 years of EOD share price history
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