PFG 1.12% 22.5¢ prime financial group limited

anyone holding this stock or following?, page-14

  1. 23 Posts.
    I assume the intagilbles has to do with goodwill of the accountants they have signed up. I will look into it though. More importantly the ann't yesterday indicated the business has turned and trading on only 8x this will re-rate

    • Continued improvement in traditional Wealth Management Revenue (New
    Business & Recurring)
    • 3 new Accounting Firm JV Wealth Management (50 / 50) Partners. This is new and 10% increase
    • Improving new leads
    • Increased key management & employee ownership in the company,
    up from 20% to 35%
    • Increase in FUM.
    • Reduction in debt. Looking to cut 750 to 800 out in the 2H
    • Confirmation of increase in dividend (final). I think they will payout 10%
    • Continued review of Accounting & SMSF services structure
 
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