Pleasing that the business had net fund inflows of A$309 million in 'platform administration' (see page 7) given that media publicity about some competitors, one in particular (Magellan) has been all about declining balances.
I don't know FID's fees but at face value to take a small hit of A$1 million in reducing fees to attract more business seems sensible.
NPAT has however not increased by as much as revenue.
I am not an accountant so completely lack expertise in this sort of setup but seems a quite solid result. It'll be interesting what the peterdoobes of Oz think.
Ann: Investor Presentation - FY 22 Results, page-3
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Last
$7.40 |
Change
-0.100(1.33%) |
Mkt cap ! $232.9M | |||
| Open | High | Low | Value | Volume |
| $7.50 | $7.50 | $7.40 | $177.2K | 23.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3223 | $7.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.50 | 3189 | 3 |
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| FID (ASX) Chart |