@lost
difficult to believe H2 would be better than H1 (given they started with FUM >$61bn). H2 starts with $45bn FUM...and drops to $39m by close...I have top line revenue for H2 ~$20m less than H1 (at about ~$180m total revenue vs $208m) and if expenses flat, then NPAT for H2 at ~$63m. If you factor for the leeched $11m perf fee, ~$74m NPAT and 40c eps...? if that pans out, max div of 35c (payout ratio 90-95%)very rough guesstimates, high level assumptions...dyor imo etc
with u on costs - i did mention "time to cull" in an earlier post! heads need to roll....or via "natural attrition"
Ann: Funds Under Management and Performance Fee Update- June 2023, page-31
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$10.43 |
Change
-0.040(0.38%) |
Mkt cap ! $1.793B | |||
| Open | High | Low | Value | Volume |
| $10.39 | $10.47 | $10.30 | $6.392M | 615.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96 | $10.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.43 | 22131 | 1 |
View Market Depth
| Last trade - 16.15pm 25/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |