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...
FUMAA down roughly 14% since the HY result (7.05bn vs 8.2bn)Even...
Add FID (ASX) to my watchlist
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Last
$7.55 |
Change
-0.010(0.13%) |
Mkt cap ! $237.6M | |||
| Open | High | Low | Value | Volume |
| $7.65 | $7.65 | $7.51 | $8.406K | 1.104K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 608 | $7.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.64 | 3333 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$7.55 |
Change
-0.010 ( 0.13 %) |
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| Open | High | Low | Volume | ||
| $7.65 | $7.65 | $7.55 | 200 | ||
| Last updated 15.58pm 24/05/2024 ? | |||||
| FID (ASX) Chart |