@lost
difficult to believe H2 would be better than H1 (given they started with FUM >$61bn). H2 starts with $45bn FUM...and drops to $39m by close...I have top line revenue for H2 ~$20m less than H1 (at about ~$180m total revenue vs $208m) and if expenses flat, then NPAT for H2 at ~$63m. If you factor for the leeched $11m perf fee, ~$74m NPAT and 40c eps...? if that pans out, max div of 35c (payout ratio 90-95%)very rough guesstimates, high level assumptions...dyor imo etc
with u on costs - i did mention "time to cull" in an earlier post! heads need to roll....or via "natural attrition"
Ann: Funds Under Management and Performance Fee Update- June 2023, page-31
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Last
$8.41 |
Change
-0.030(0.36%) |
Mkt cap ! $1.453B | |||
| Open | High | Low | Value | Volume |
| $8.38 | $8.46 | $8.34 | $4.327M | 514.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1191 | $8.39 |
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| Price($) | Vol. | No. |
|---|---|---|
| $8.42 | 1974 | 2 |
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| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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