FUMAA down roughly 14% since the HY result (7.05bn vs 8.2bn)
Even if there's a 2% gain from shifting funds across to the software platform and under management, it's outperformed relative to the Australian index. No idea what a realistic percentage of FUM would be to move across in 4 months.
As for cheap FUA - they purchased MYS for 1.6% of FUA. This transaction was priced at 0.78%.
Obviously the customer base and profitability matter, so it's not that simple. But all else being equal this transaction is half price.
I wonder if any of those AMP financial planners are still selling up...
Ann: Fiducian franchise acquires $56M in Funds Under Advice, page-3
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Last
$11.23 |
Change
0.190(1.72%) |
Mkt cap ! $354.5M | |||
| Open | High | Low | Value | Volume |
| $11.00 | $11.23 | $10.97 | $175.4K | 15.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250 | $11.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.23 | 814 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| FID (ASX) Chart |