Hi PD
Yes, I can see how I misinterped the AEF release.
I would admit I mainly have a position here because they only have measly 1 million shares on issue and are approaching $100 per share lol.
Whilst they maintain a strong growth in FUM I am hanging on because ultimately profit generation will catch up.
IMO profit margins will never go back to previous levels. They have dropped their fee % rate in the last 12 months (to be more competitive) and on top of that were advised that their back office staffing/systems had not been increased/improved to match the growth of the business (this was seen as one of the causes behind the unit pricing problem).
I will continue to hold well into the next FY to see how the books look after the unit pricing issue is in the rear vision window.
Gosouth
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Hi PD Yes, I can see how I misinterped the AEF release. I would...
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1 | 566 | 4.130 |
1 | 566 | 4.120 |
1 | 3000 | 3.980 |
Price($) | Vol. | No. |
---|---|---|
4.190 | 5584 | 1 |
4.200 | 566 | 1 |
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