Hi Muscat
FUM growth (or share of FUM) is definitely not an accurate indicator of earnings, but high FUM growth should roughly correlate to high earnings growth, despite investment approach management has taken.
In the earnings guidance of $24-$25M, this is 20-25% NPAT growth.
Current share price valuation is 8.5 times future earnings per share, an incredible bargain compared to MFG at current 27.5 times earnings per share, that has similar growth characteristics.
Best of Luck
Lost
Ann: Successful completion of $12.5m Institutional Placement, page-27
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Last
$10.80 |
Change
0.310(2.96%) |
Mkt cap ! $563.7M | |||
| Open | High | Low | Value | Volume |
| $10.67 | $10.80 | $10.44 | $765.2K | 71.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $10.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.80 | 5606 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PAC (ASX) Chart |