Hi Greg
I am not certain either, however the momentum of FUM inflow seems to be increasing based on the below chart:
If PAC management want to hit the upper-end of FY23 forecast of $AUD3B to $AUD5B ex GQG FUM inflows, Dec-22 inflows need to be close to Sep-22 inflows of $AUD1.5B.
Proterra completed a $USD200M raise in December too. A lot of little items will hopefully add up.
PAC's Fourth Quarter CEO Newsletter (published December 2022), page-6
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