AEF
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1.17% $4.32 australian ethical investment limited

Ann: AEF Shareholder Presentation H1 FY2023, page-3

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  1. Andrix
    3,643 Posts.
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    22/02/23
    13:42
    Post #: 66396273
    Agree Cp.

    Result not as bad as first sight, but leaves a lot to be desired. Management seems to be so intent on growth that they are letting the fundamentals fall big time. Hopefully this will pay off, but the Sentient write off a year afer the purchase is not a good sign.

    The one positive is the growth in FUM. esp the Christian Super. But even that looks like requiring $3M+ to bed in.
    AEF Price at posting: $4.15 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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