re: Ann: Chairman's Address & CEO's P... Phenomenal YoY growth for FUM and earnings.
Difficult to straight line earnings growth on PE basis into the future given the parabolic nature of the curve and the fact monthly fees are point in time.
Needless to say if Hamish can pull off an outperformance fee of a similar nature to previous in next reporting period that number will be a freakin' rip snorter!!
Ann: Chairman's Address & CEO's Presentat, page-2
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