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Asia

Generation Development Group Says Director Traded Shares During Closed Period in Administrative Error

Generation Development Group (ASX:GDG) said independent non-executive director Christine Christian dealt in the company's securities during a closed period under its share trading policy and without the required prior written clearance, with the transaction occurring before the opening of the relevant trading window, according to a Tuesday Australian bourse filing.The company said Christian had been given approval to trade once the relevant trading window opened, but the purchase took place before that window opened, with the company describing the breach as inadvertent and resulting from an administrative error rather than any intention to circumvent the policy.Christian acquired 25,000 shares at AU$3.34 per share on Aug. 27 through a family superannuation fund, bringing her total holding to 672,425 shares, a separate filing showed.The company said it has reviewed the circumstances and taken steps to address the matter, including reminding Christian and relevant personnel of the requirements of the share trading policy, and confirmed it does not consider the transaction was undertaken with the intention of circumventing the policy.

ASX:GDG
Asia

Update: Generation Development Group Fiscal 2026 Earnings Down, Revenue Up; Shares Hit Nearly Two-Year Low

(Updates to add stock movement in the headline and the last paragraph)Generation Development Group (ASX:GDG) logged AU$0.079 in earnings per share for fiscal 2026, compared with AU$0.1066 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue from contracts with customers was AU$120.1 million versus AU$90.3 million previously, the Australia-listed financial services firm added.The board declared a final dividend of AU$0.01 per share, unchanged from a year earlier, payable Oct. 6 to shareholders on record as of Sept. 7.The company's shares fell nearly 14% in recent trading on Thursday and earlier hit their lowest since October 2024.

ASX:GDG
Asia

Generation Development Group Fiscal 2026 Earnings Down, Revenue Up

Generation Development Group (ASX:GDG) logged AU$0.079 in earnings per share for fiscal 2026, compared with AU$0.1066 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue from contracts with customers was AU$120.1 million versus AU$90.3 million previously, the Australia-listed financial services firm added.The board declared a final dividend of AU$0.01 per share, unchanged from a year earlier, payable Oct. 6 to shareholders on record as of Sept. 7.

ASX:GDG
Asia

Generation Development Group Posts 36% Growth in June Quarter Funds Under Management; Shares Up 33%

Generation Development Group (ASX:GDG) recorded funds under management (FUM) of AU$46.4 billion at the end of the June quarter, up 36% year on year, according to a Thursday Australian bourse filing.Evidentia's FUM climbed 37% year on year to AU$40.5 billion at June 30, while Generation Life's FUM rose 35% to AU$5.95 billion over the same period.Evidentia reported quarterly net inflows of AU$3.5 billion, including the AU$1.8 billion transition of the Xplore Wealth portfolio and an additional AU$280 million mandate, while Generation Life recorded quarterly sales inflows of AU$442 million, up 39% year on year.Lonsec Research and Ratings expanded its product coverage to more than 2,000 researched products, up 9% year on year, while iRate subscribers increased 13% year on year to 5,629.The company's shares jumped around 33% in recent Thursday trade.

ASX:GDG
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Coles Group (ASX:COL): +3%, AU$23.31Xero (ASX:XRO): +3%, AU$71.17Woodside Energy Group (ASX:WDS): +3%, AU$30.27AMP (ASX:AMP): +3%, AU$1.95Amcor (ASX:AMC): +3%, AU$63.72Generation Development Group (ASX:GDG): +3%, AU$3.57Regis Healthcare (ASX:REG): +3%, AU$6.15GQG Partners (ASX:GQG): +3%, AU$1.41News Corp (ASX:NWS): +2%, AU$46.69Guzman y Gomez (ASX:GYG): +2%, AU$21.74

ASX 200ASX:AMCASX:AMPASX:COLASX:GDGASX:GQGASX:GYGASX:NWSASX:REGASX:WDSASX:XRO
Asia

Generation Development Group's Evidentia Maintains Market Lead, Jefferies Says

Generation Development Group (ASX:GDG) remains the leading issuer-manager in Australia's managed accounts market, with its Evidentia business maintaining a clear lead through its scale, execution capabilities, and adviser-focused model, Jefferies said in a Wednesday note.The company's Evidentia operates in Australia's AU$300 billion managed accounts market, which continues to expand rapidly despite intensifying competition, according to Jefferies.Jefferies said recent deals, including Betashares' acquisition of Trellia and Kudu's purchase of Drummond, highlight the long-term growth potential of a competitive sector spanning issuer-managers, research-led consultants, exchange-traded fund providers and investment platforms.The research firm rejects the view that low barriers to entry are driving boutique competition, arguing that managed accounts require heavy regulatory and platform investment, typically take two years to generate revenue, cost AU$3 million to AU$5 million upfront to reach profitability, and see little genuine new entry.The research firm stated that leading companies succeed through disciplined risk management, scalable portfolio construction, fee efficiency, strong technology, governance and adviser alignment, and that Evidentia's advisory-led, research-backed offerings strengthen relationships, efficiency, and its leadership position.Jefferies maintained a buy rating on Generation Development and a price target of AU$6.35.

ASX:GDG
Asia

Generation Development Group Unit to Offer Retirement Products Through Colonial First State

Generation Development Group (ASX:GDG) subsidiary Generation Life reached a memorandum of understanding to provide retirement products through Colonial First State, according to a Wednesday filing with the Australian bourse.As part of the proposed deal, Colonial First State plans to integrate Generation Life's investment bonds and investment-linked retirement income product into the CFS FirstChoice and CFS Edge platforms.Commercial arrangements are in progress, with the timing of the launch subject to agreed milestones.Shares of Generation Development Group rose 2% in recent Wednesday trade.

ASX:GDG
Asia

Generation Development's Tax-Effective Products Expected to Garner More Interest Amid Reform, Jefferies Says

Generation Development Group's (ASX:GDG) tax-effective products are expected to gain more interest as changes in super tax concessions approach, Jefferies said in a Monday note.The May 2026 Australian Federal Budget is expected to abolish the 50% Capital Gains Tax Discount, to be replaced by an inflation indexing system, which is likely to improve the relative attractiveness of Generation Development's investment bond offering.Investment bonds are taxed at up to 30% on all earnings, with no distinction between capital gain and income. Property investors are the single biggest beneficiaries of the discount, and investment bonds may become more appealing.The investment firm assigned a buy rating on Generation Development with a price target of AU$6.35 per share.

ASX:GDG
Asia

Generation Development Group Completes Migration of Managed Discretionary Account Investment Portfolios

Generation Development Group (ASX:GDG) completed the migration of the Xplore Wealth managed discretionary account investment portfolios to Evidentia Group's Implemented Portfolios on the HUB24 platform, according to a Thursday filing with the Australian bourse.The migration of AU$1.8 billion in funds under management (FUM) increases Implemented Portfolios' total FUM to over AU$4 billion, the filing said.

ASX:GDG
Asia

Generation Development Group Unit Reports Unauthorized Access to Part of Network, Says Incident Contained

Generation Development Group (ASX:GDG) unit Generation Life experienced a cyber incident involving unauthorized access to part of its network through a third-party service provider, according to a Monday filing with the Australian bourse.The subsidiary quickly detected and "immediately contained" the incident, with no impact on its core systems, no evidence of unauthorized transactions so far, and "minimal disruption" to operations, per the filing.Generation Life has launched an investigation into the incident.

ASX:GDG
Asia

HUB24's Q3 Net Inflows Disappoint, Netwealth Shows Better Value, Says Jefferies

HUB24's (ASX:HUB) net inflows of about AU$4 billion were below the recent trend as the seven-quarter moving average is at around AU$5.1 billion, according to a Thursday Jefferies note.The company on Tuesday said its total funds under administration clocked in at AU$151.74 billion as of March 31, up 22% from the AU$124.13 billion a year earlier.The investment firm said that while the share price reaction to the trading update was "harsh," it's difficult for the stock not to disappoint, which is trading at 46 times its fiscal 2027 price-to-earnings ratio.Jefferies sees better value in Netwealth Group (ASX:NWL) and Generation Development Group (ASX:GDG), as it said that they have a three-year price-to-earnings growth ratio of about 2 times and 1.26 times, respectively, while trading at significant discounts on their fiscal 2027 price-to-earnings multiples.Jefferies kept a hold rating on Hub24 and increased its price target to AU$94 from AU$93.50.

ASX:GDGASX:HUBASX:NWL
Asia

Generation Development Group Posts 30% Growth in March Quarter Funds Under Management

Generation Development Group (ASX:GDG) said March quarter funds under management (FUM) increased 30% year on year to AU$34.8 billion, with market movements reducing FUM by AU$1.1 billion during the quarter, particularly in March due to the Middle East conflict, according to a Wednesday Australian bourse filing.The company said net inflows were AU$1.4 billion, including the transition of a mandate worth about AU$300 million, with annual sales of AU$1.42 billion to March 31, up 58% since March 31, 2025.The company added that the transition of the Xplore/HUB24 portfolio commenced on April 17, with completion revised to May and expected to involve more than AU$1.5 billion of FUM.

ASX:GDG

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