on 31 July the total FUM was $472m (see ASX release). And it seems like Raiz are getting around $8m or $9m a week in cash injected into their funds. So at that rate, even if the markets stay exactly where they are and don't go up at all, won't FUM be double in a year from now?
I.e. the revenue Raiz gets from its FUM will be double in 12 months time... plus they are already cash positive. Am I missing something?
so I reckon we are headed for over $1 by the end of this year. I wish I had bought more when it was under 50c...
Ann: Ceasing to be a substantial holder, page-9
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Last
44.0¢ |
Change
0.010(2.33%) |
Mkt cap ! $45.15M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.5¢ | 43.0¢ | $176.3K | 400.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 269 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 5000 | 1 |
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| Last trade - 14.57pm 27/09/2024 (20 minute delay) ? |
| RZI (ASX) Chart |