EBITDA line costs per account have increased 11%, and per adviser 22%.
No explanation really. They did say they would be investing more. Covid mentioned as a non problem, some short term lease benefits improved cashflow.
Seems like a manifestation of cut throat competition, as scale should be helping with these costs, not hindering, and markets were great for that half.
Doesn't really justify a PE of anything over 30x.
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netwealth group limited
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$37.15

EBITDA line costs per account have increased 11%, and per...
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Last
$37.15 |
Change
-0.350(0.93%) |
Mkt cap ! $9.102B |
Open | High | Low | Value | Volume |
$37.60 | $37.64 | $36.87 | $14.01M | 377.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 280 | $37.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.17 | 620 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 620 | 36.940 |
2 | 2488 | 36.880 |
1 | 679 | 36.870 |
1 | 479 | 36.860 |
1 | 696 | 36.830 |
Price($) | Vol. | No. |
---|---|---|
37.170 | 620 | 2 |
37.190 | 1764 | 1 |
37.640 | 200 | 1 |
37.960 | 84 | 1 |
38.100 | 500 | 1 |
Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
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NWL (ASX) Chart |