You have a really good point here since it takes time to move...

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frankbaozhu

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11/05/16

23:43

Post #: 17742086
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Originally posted by peterdoobes ↑

True but FID is not currently just an organic growth story. They are also using their excess cash to acquire financial planning practices where they can gradually move the acquired funds under advice on to their platform and into their funds. So as well as shorter term cost synergies there are longer dated revenue synergies.

Between March and August 2015 FID via three acquisitions added $226m of funds under advice. These acquisitions probably contributed very little to the most recent interim result. However in this half the cost synergies should be coming through and I estimate could add around $1.35m EBITDA and lets say around $0.95m OCF. So there is some material acquired growth over and above their organic growth.

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You have a really good point here since it takes time to move those funds onto their platform. 9.5m is probably doable here. I only counted the EBITDA growth by acquisition, but not the synergy thereafter quantitatively, although mentally I do understand the business model.

It is pretty sad I missed the ADA run, but call me old school. FID is still very good bet in the next 5-10 years.

FID Price at posting: $2.28 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $9.54		Change 0.040(0.42%)		Mkt cap ! $298.7M

Open	High	Low	Value	Volume
$9.50	$9.54	$9.43	$18.43K	1.945K

Buyers (Bids)

No.	Vol.	Price($)
2	47	$9.46

Sellers (Offers)

Price($)	Vol.	No.
$9.54	162	2

View Market Depth

No.	Vol.	Price($)
2	14	9.440
3	1756	9.420
2	60	9.410
1	2000	9.400
1	56	9.390

Price($)	Vol.	No.
9.490	297	3
9.500	60	1
9.540	37	1
9.550	3151	2
9.600	4500	1

Last trade - 12.52pm 17/06/2025 (20 minute delay)

FID (ASX) Chart

You have a really good point here since it takes time to move...

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