Cashflow did decline but it was from variations in tax payment timing, if that was normalised cashflow would have been similar +10% as NPAT.
But been doing some real life inquiries and that stopped my interest, HUB24 wants the 1400 advisors from DVG and CAF that's basically the purpose of Diverger now to acquire financial advisors at scale for HUB24.
Was a shame as I really liked the business model if it could grow organically without dilution.
DVR Price at posting:
95.0¢ Sentiment: Hold Disclosure: Not Held
