On review of the 30 June accounts:
FUM
- FY19 - FUM - $86.7bn
Net Assets
- FY23 - $962.5m (NTA per share $4.71)
- FY19 - $734.0m (NTA per share $3.44)
Headcount
- FY23 - average number of employees 125 (closing 115)
- FY19 - average number of employees 125 (closing 125)
Expenses
- FY23 - $163m (up 40% yoy)
- FY19 - $124m
Employee Expenses
- FY23 - $86.1m (up 1% yoy) - average per employee $688.8k
- FY19 - $62.9m - average per employee $503.2k
(how do I get a job there)
With $36bn of AUM the "....globally significant asset manager" comments of Hamish McLennan is just delusional. At what point in time will reality bite and the directors and management restructure the company and cut costs to reflect the business "that is" rather than the business "that was".
Did that 5-year strategy David George was referring to factor in continued bleeding of FUM and significant "under"performance?
Michael Bolton....you have my vote of support.
Ann: Funds Under Management - September 2023, page-41
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Last
$8.56 |
Change
0.110(1.30%) |
Mkt cap ! $1.547B | |||
| Open | High | Low | Value | Volume |
| $8.46 | $8.57 | $8.45 | $4.295M | 504.0K |
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| Price($) | Vol. | No. |
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| $8.57 | 2765 | 3 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
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Change
0.110 ( 1.42 %) |
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| Last updated 15.59pm 07/06/2024 ? | |||||
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