If I read the numbers correct in the latest half year report, FID is facing some headwinds and I do not expect they have another blown-out half year ahead. FID is not insulated from pricing pressures and this was reflected in net revenue. I also suspect there is also margin pressure from advisors. Obviously FAs have more negotiating power when it comes to how they slice the pie.
What is really good is how well FID is controlling expenses on the administration and fund management side while keeping the company coherent. I wish I could talk to people in the industry to know more about FID and would appreciate anyone who can share his or her insights on this one.
Ann: FID Investor Presentation - FNN/Shaw Partners, page-5
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Last
$7.45 |
Change
-0.020(0.27%) |
Mkt cap ! $234.5M | |||
| Open | High | Low | Value | Volume |
| $7.48 | $7.51 | $7.45 | $113.4K | 15.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1010 | $7.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.50 | 3415 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FID (ASX) Chart |