Hi PD
Yes, I can see how I misinterped the AEF release.
I would admit I mainly have a position here because they only have measly 1 million shares on issue and are approaching $100 per share lol.
Whilst they maintain a strong growth in FUM I am hanging on because ultimately profit generation will catch up.
IMO profit margins will never go back to previous levels. They have dropped their fee % rate in the last 12 months (to be more competitive) and on top of that were advised that their back office staffing/systems had not been increased/improved to match the growth of the business (this was seen as one of the causes behind the unit pricing problem).
I will continue to hold well into the next FY to see how the books look after the unit pricing issue is in the rear vision window.
Gosouth
Ann: Institutional Inflow, page-4
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Last
$4.19 |
Change
0.030(0.72%) |
Mkt cap ! $472.5M | |||
| Open | High | Low | Value | Volume |
| $4.10 | $4.19 | $4.04 | $474.9K | 115.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 187 | $4.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.19 | 5584 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| AEF (ASX) Chart |