On track for a nice full year here.
26% EBITDA growth on PCP, meaningful EBITDA growth vs H2 FY14, and decent FUA and FuM growth over a period where there was not a lot of ASX growth, shows the business is developing well.
Upside in H2 from planners who continue to migrate to the Fiducian banner :"Opportunities to add new franchisees are continuously being progressed and between 1 July 2014 to the date of this report we have added around $56 million of funds under advice through new planners to the group with a further $25 million in the final stages of settlement. These additions have not contributed to the results of the current half year but are expected to do so in the second half."
on my numbers trading on 10.7x trailing NPAT (normalised and adjusted for cash balance)
On track for a nice full year here. 26% EBITDA growth on PCP,...
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