The insto mandate has nothing to do with their cost increases. Their investment performance has been excellent which is how they've been able to secure the mandate. And $120m is small in terms of insto mandate, min size is usually $250m.
The problem is the growth is baked into the price already, unlikely to go any higher (although I thought that at $90). This year's financials will require a detailed review.
Ann: Institutional Inflow, page-8
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Last
$4.14 |
Change
0.000(0.00%) |
Mkt cap ! $466.9M | |||
| Open | High | Low | Value | Volume |
| $4.14 | $4.27 | $4.01 | $968.9K | 235.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 841 | $4.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.16 | 7922 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| AEF (ASX) Chart |