FUMAA is higher now than ever, albeit with inflation ramping up some expenses.
Even so, this has some big tailwinds. As more funds move across from FUAdvice to Platform/Management, GP grows very quickly. Even $150m (5%) on the platform side adds ~$250k GP.
Similarly, a 3% FUM growth adds ~$300k GP.
The advice segment should certainly be GP profitable, or at least flat.
I expect this to trade at 11-12x(ish) UNPAT on a run-rate basis, with reasonable tailwinds from the acquisition and industry in general still to come.
Ann: Appendix 4C quarterly & Update, page-7
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Last
$7.47 |
Change
0.000(0.00%) |
Mkt cap ! $235.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $7.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 890 | 1 |
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| Last trade - 09.05am 28/06/2024 (20 minute delay) ? |
| FID (ASX) Chart |
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