FID 2.51% $8.59 fiducian group limited

Solid result from FID, page-18

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    HUB24 reported today with UNPAT of $10.1m and FUA of $17.2 billion

    FID has reported NPAT of $10.5m and FUMAA of $8.0 billion

    Whilst FUA and FUMAA are slightly different measures nonetheless the HUB/FID ratio is about 2.1/1.0
    For Market Cap HUB sits at $963.4m versus FID MC at $181.7m a ratio of 5.3/ 1.0

    So it would seem that on a similar NPAT basis there is some scope for FID to receive a re rate.

    The HUB result has seen its share price rise about 5.5% today.
 
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