I totally agree.
Also, they're a bit different to the Platinum model because they are truly a manager of Intermatiomal money. I think less than 30% of FUM is sourced locally.
Given they're later to market, sourcing funds more broadly and have significant momentum I think they will sail past Platinum in terms of market cap and never look back. If they double FUM from here they will more than double the value of the business in my view.
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Last
$10.43 |
Change
-0.040(0.38%) |
Mkt cap ! $1.793B | |||
| Open | High | Low | Value | Volume |
| $10.39 | $10.47 | $10.30 | $6.392M | 615.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96 | $10.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.43 | 22131 | 1 |
View Market Depth
| Last trade - 16.15pm 25/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |