Intelligent Investor has updated its recommendation following the float saying hold.
Base case valuation of $8, but "believe the price could be multiples of this in a few years if a few things go right".
They believe this is "the best funds management business in the country".
With all the focus into super, sure it is trading on a high p/e but there is substantial scope to grow their business as well.
ii says hold
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Last
$1.23 |
Change
0.020(1.65%) |
Mkt cap ! $716.0M | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.24 | $1.20 | $2.658M | 2.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16356 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 22166 | 5 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PTM (ASX) Chart |