Australia's largest stock trading and investment forum Australia's #1 stock forum

AEF

Click for more information

1.68%

$4.83 australian ethical investment limited

All ords to drive up profit guidance, page-2

First 2 Last

Share
Profile

Follow
The Snow Angel

97 Posts.

2

10/11/17

16:45

Post #: 28691520
Share

Originally posted by Cp dog ↑

The all ords is now up 5.6% for the quarter and we have a fraction less than two months to go before dec31. I noticed that on oct 25 that our guidance for 1FY18 would be between $1.6 and $2.3M. I’ve calculated that a 100 point increase in the All Ords will result in an additional $350,000 towards profit, assuming we have $2.414B in FUM, we charge on average 1.35% fees, take out 35% tax and other related costs and the All ords tracks similar performance to AEF’s managed funds.
When the oct25 guidance was made, the all ords was just under 6000. I assume management have assumed All ords will be between 5900and 6100 by dec31, hence the range in profit. Interestingly, the mid point in profit is $1.95M exactly $350,000 from both top and bottom estimates.
Now if we get a continued surge in the All ords above 6100, expect a revised profit guidance. So if we have an All ords at 6300 I expect the profit to be $700,000 more than the upper $2.3M.
The 5.6% increase for the market benchmark has meant FUM are already up $135M.
Let’s watch the index climb.

Expand

So you're not expecting any cost increases outside the guidance??

AEF Price at posting: $128.02 Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

US election outcomes: Key economic and market takeaways

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

First 2 Last

Add AEF (ASX) to my watchlist

(20min delay)
Last $4.83		Change 0.080(1.68%)		Mkt cap ! $544.7M

Open	High	Low	Value	Volume
$4.73	$4.83	$4.62	$453.6K	95.31K

Buyers (Bids)

No.	Vol.	Price($)
3	913	$4.80

Sellers (Offers)

Price($)	Vol.	No.
$4.83	7513	3

View Market Depth

No.	Vol.	Price($)
3	913	4.800
1	344	4.780
1	344	4.770
1	344	4.760
5	1420	4.750

Price($)	Vol.	No.
4.830	7513	3
4.840	995	3
4.850	344	1
4.900	1716	4
4.950	2605	2

Last trade - 16.10pm 18/11/2024 (20 minute delay)

AEF (ASX) Chart