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
$9.55 |
Change
-0.150(1.55%) |
Mkt cap ! $301.4M | |||
| Open | High | Low | Value | Volume |
| $9.74 | $9.84 | $9.55 | $91.74K | 9.497K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1209 | $9.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.68 | 250 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| FID (ASX) Chart |