FPS fiducian portfolio services limited
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FY13 Total Income - 22,106 add negative expense recovery 1,935 =...

  1. peterdoobes
    2,513 Posts.
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    02/09/14
    11:26
    Post #: 13910170
    FY13 Total Income - 22,106 add negative expense recovery 1,935 = 24,041 pro-forma revenue

    FY14 Total Income - 22,874 add negative expense recovery 3,193 = 26,067 pro-forma revenue

    Pro-forma growth = 8.4%

    At the moment they are only recovering 75%. Refer Note 6b and also prior year reports. After FY15 that moves to 100% expense recovery. On FY14 numbers that would have added another $1m to NPBT
    FPS Price at posting: $2.05 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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