Ann: Praemium's Australian SMA surpasses $3 billion-PPS.AX, page-45

Hi all,

Back in at 37c on 13th Mar.

Feeling pretty umped after IMHO - the inevitable happened today. The quarterly update shows funds under management at a record $6m! Up goes the SP. This was always going to happen now that management issues are well and truly resolved.

Good to see FatPropherts send out to the market their opinion today.

"Praemium shares are up strongly today after the company announced another strong quarter of inflows. The platform provider has seen record quarterly inflows of $554 million in the three months to June, with $364 million coming in Australia, and $190 million of inflows in the international business, both of which were records for the respective units. Funds under Administration have now surpassed the $6 billion mark.

The result highlights the quality of Praemium’s business which has been progressing well despite this year’s boardroom shenanigans which have been resolved. We remain very positive on the company under the direction of CEO Michael Ohanessian, and the degree of operating leverage which Praemium boasts."

We are totally de risked in terms of management issues and Michael is pushing ahead.

My Collins Street beauty is back in town. It won't be too long before the share price is back in the mid to high forties. DYOR.

All the best to shareholders

Gracie