AEF has become quite interesting again.
Operating leverage is finally coming through, FUM is sticky retail super with mandated flows, and the valuation is the most attractive it's been in possibly 10 years.
H2 24 was a decent step up on H1, there is $4m pa of pre tax savings coming through when the move to a single admin provider is complete, plus earnings from Altius.
I can see the forward multiple being in the high teens
Ann: AEF Appendix 4E and FY24 Full Year Report and Accounts, page-4
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Last
$7.63 |
Change
-0.080(1.04%) |
Mkt cap ! $865.3M | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.76 | $7.48 | $1.165M | 153.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2000 | $7.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.65 | 5000 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| AEF (ASX) Chart |