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.
FUMAA is higher now than ever, albeit with inflation ramping up...
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Last
$7.59 |
Change
-0.090(1.17%) |
Mkt cap ! $238.9M | |||
| Open | High | Low | Value | Volume |
| $7.57 | $7.81 | $7.50 | $77.05K | 10.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.77 | 36 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$7.74 |
Change
-0.090 ( 1.31 %) |
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| Open | High | Low | Volume | ||
| $7.54 | $7.80 | $7.54 | 11541 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| FID (ASX) Chart |