I think it'll all depend upon the eventual market share for their platform. If it stalls where it is then HUB are probably worth <<$5 ... if they get 2% they're probably fair value now. But if they get 3% or more, I think there's significant SP upside. Some concern that latest couple of quarters may have grown strongly but at lower margins - so market shares above will probably need revision. Will see when results come out.
It's a speculative stock on a roller coaster ride - it's anyone's guess what share/margins they'll end up with. However, with the spin out of wealth management businesses (eg. CBA) some sin-outs may reconsider using an external platform provider and/or purchasing a good one such as HUB24. So, I'm thinking there is more upside risk than downside risk.
Ann: FY18 Update, page-4
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Last
$46.55 |
Change
0.410(0.89%) |
Mkt cap ! $3.777B | |||
| Open | High | Low | Value | Volume |
| $46.35 | $46.81 | $45.60 | $6.896M | 148.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 745 | $46.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $46.81 | 681 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HUB (ASX) Chart |