Shaw and Partners rates ((PPS)) as Buy (1) –
Praemium's first quarter result has marginally beat Shaw and Partners' expectations with inflows of $659m. Funds under administration lifted 2% quarter-on-quarter to $41.4bn, which the broker considers a strong outcome given market movements.
In Shaw and Partners view, Praemium remains undervalued compared to peers and could offer significant value to top industry players should a transaction eventuate.
The Buy rating and target price of $1.30 are retained.
This report was published on October 18, 2022.
Praemium PPS Target A$1.640/Share by Citi, page-110
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Last
50.5¢ |
Change
0.005(1.00%) |
Mkt cap ! $243.6M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 51.5¢ | 47.5¢ | $257.8K | 519.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22855 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 9911 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PPS (ASX) Chart |