I also am keen to see "greedy jaws", however, this is all reflected on page 14 of the presentation right? i.e. at 8.5bn FUMAA we expect 18-19m EBITDA. Unless I am missing something....
I like this statement under FUA summary of directors report:
"The Board continues to pursue a structural growth strategy which has resulted in white label platform administration for external groups rising to
over $28 million at 31 December 2019. New staff have been deployed to grow this part of our business."
Ann: Half Yearly Results and Financial Report (incl Appendix 4D), page-9
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