Very similar to NWL, inflows offset by market movement. Inflows have slowed down vs the previous 3 quarters but up YoY. I dont know if there are some sort of seasonal factors that made the March quarter numbers drastically lower than other quarters. Both 2021 and 2022 numbers are substantially lower.
I dont like the fact that the international platform is still here, implying the sales/transition have not been finalised. No corporate actions until the deal is done.
However, given how badly the share price has been beaten up, I wouldn't be surprised if the stock is going up today. Perhaps the "not as bad as feared" rally, plus a little bit of short covering.
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- Ann: March 2022 quarterly update
Ann: March 2022 quarterly update, page-4
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