I don't have the report but commentary summarised as:
The company owns the HUB24 platform which is attracting significant net flows. HUB now has the financial maturity to translate strong top-line into highly profitable growth.
FUA estimated to grow around 160% to $14.4bn between FY17-20.
Increasing demand for financial advice is driving structural growth in the platform industry, and the company is also gaining market share because of the quality of its earnings and a shift to independence from institutional platforms.
Interestingly, Ord Minnett reduced their rating to HOLD on the 24th of Jan. They did raise their PT from $9.57 to $11.00 but expressed concern that the price had run up too hard too quickly. That was when it went to almost $12.
Good to get some more rating coverage.
Back up toward $11.90
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I don't have the report but commentary summarised as: The...
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Last
$44.14 |
Change
-0.350(0.79%) |
Mkt cap ! $3.583B |
Open | High | Low | Value | Volume |
$44.94 | $44.98 | $44.13 | $11.14M | 250.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 556 | $44.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$44.17 | 576 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 556 | 44.060 |
2 | 509 | 44.040 |
1 | 864 | 44.020 |
1 | 556 | 44.010 |
1 | 374 | 43.980 |
Price($) | Vol. | No. |
---|---|---|
44.170 | 398 | 2 |
44.320 | 556 | 1 |
44.330 | 84 | 1 |
44.350 | 864 | 1 |
44.370 | 556 | 1 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$44.18 |
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Change
-0.350 ( 0.44 %) |
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Open | High | Low | Volume | ||
$44.76 | $44.96 | $44.13 | 26989 | ||
Last updated 15.59pm 06/06/2024 ? |
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HUB (ASX) Chart |