The lower share price is typically on infinitesimal volumes - 212 so far today - so while wary of reading too much into it, is this partly a result of many financial advisers continuing to leave the subsector due to their perceptions of over-regulation by APRA and high entry (qualification) and business (registration and fee) costs?
Or is something else holding back the SP, such as possibly declining takeup of life insurance (that to me seems poor value and unnecessary) or accentuated lacklustre investment returns beyond your reply above?
Ann: FID Investor Presentation - Wilsons, page-4
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