Off topic, but worth mentioning this specifically:
Previously, we've only had the traditional funds management, administration and advice businesses to drive growth. Here, we've essentially a readily built platform ready to take on external funds.
I know this seems obvious, but the cost of creating such an application is high. I'd suggest a platform like this would fetch a good chunk of the MC.
And some rough numbers:
$134m from 85ARs (others still completing doco). ~$1.58m per AR.
At 500 ARs (first milestone), there would be $790m in additional funds under administration assuming $1.58m per AR holds.
At 0.6% [**] revenue per $ under FUA, that should generate $4.74m at 63% GM.
~$3m incremental EBITDA (+ >10% on FY EBITDA).
Some assumptions in there - I could be too high or low. But still, the upside is reasonably big.
** - I've used the recent half ($8.7m rev on $2.9bn FUA) to calculate % of the half, then extrapolated for the FY.
- Forums
- ASX - By Stock
- FID
- Ann: Fiducian (FID) Investor Presentation H1 2022-23 Results
Ann: Fiducian (FID) Investor Presentation H1 2022-23 Results, page-11
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FID (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.45 |
Change
-0.150(1.97%) |
Mkt cap ! $234.5M |
Open | High | Low | Value | Volume |
$7.56 | $7.65 | $7.41 | $21.33K | 2.822K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $7.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.65 | 1877 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 7.400 |
1 | 100 | 7.370 |
1 | 5000 | 7.360 |
1 | 1000 | 7.350 |
1 | 103 | 7.310 |
Price($) | Vol. | No. |
---|---|---|
7.650 | 1877 | 1 |
7.700 | 3406 | 2 |
7.750 | 3500 | 1 |
7.890 | 254 | 1 |
7.910 | 126 | 1 |
Last trade - 15.54pm 05/07/2024 (20 minute delay) ? |
Featured News
FID (ASX) Chart |