52% of FUM is on balances greater than $10k, see page 12 of Annual Report. Since 30 June Raiz has had significant growth in FUM, not just from cash injections but also from general market recovery. So if the market recovers further during FY21, and cash injections continue, then revenue from this portion of FUM over $10k will also increase.
Also it seems Raiz rewards revenue will keep increasing - there have been a lot more rewards partners in recent months, if you have a look at the app
I think this is a growth story, but would love it to retrace for a top-up
Ann: FY20 Results - Strong Growth Despite COVID Headwinds, page-6
Add RZI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
45.0¢ |
Change
0.005(1.12%) |
Mkt cap ! $47.27M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 44.5¢ | $1.421K | 3.193K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 706 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 32119 | 3 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| RZI (ASX) Chart |