True but FID is not currently just an organic growth story. They are also using their excess cash to acquire financial planning practices where they can gradually move the acquired funds under advice on to their platform and into their funds. So as well as shorter term cost synergies there are longer dated revenue synergies.
Between March and August 2015 FID via three acquisitions added $226m of funds under advice. These acquisitions probably contributed very little to the most recent interim result. However in this half the cost synergies should be coming through and I estimate could add around $1.35m EBITDA and lets say around $0.95m OCF. So there is some material acquired growth over and above their organic growth.
- Forums
- ASX - By Stock
- FID
- Ann: Appendix 4C - quarterly-FID.AX
Ann: Appendix 4C - quarterly-FID.AX, page-19
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FID (ASX) to my watchlist
|
|||||
Last
$8.50 |
Change
0.130(1.55%) |
Mkt cap ! $267.5M |
Open | High | Low | Value | Volume |
$8.47 | $8.58 | $8.20 | $387.5K | 45.98K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $8.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.50 | 805 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 8.400 |
1 | 1000 | 8.350 |
1 | 500 | 8.210 |
1 | 25 | 8.190 |
1 | 3500 | 8.170 |
Price($) | Vol. | No. |
---|---|---|
8.500 | 805 | 1 |
8.580 | 4967 | 1 |
8.750 | 3000 | 1 |
8.900 | 700 | 1 |
8.940 | 2000 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
FID (ASX) Chart |