FID 0.11% $9.15 fiducian group limited

Excellent rise of 30 per cent in funds under management, advice...

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  1. 10,782 Posts.
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    Excellent rise of 30 per cent in funds under management, advice and administration (FUMAA metric).

    Very good inflows in 2H FY 21, above that in the same period 12 months earlier.

    EPS up 11 per cent with other metrics positive.

    Dividend up 17 per cent, way in advance of CPI.

    Pretty good performance of the funds it manages despite a large amount of competition from highly skilled global managers.

    I prefer to ignore the forecast on page 21 as it remains to be seen if it'll occur, although FID's track record suggests a reasonable chance.

    Interesting on page 23 that it mentions three Asian nations as part of its plans. I trust it knows what it's doing.

    Very good that this information was prepared on Friday 13 August, so it's a very up-to-date picture.

    Funds management is not my skillset but from what little I know, there's nothing that stands out to dislike. Seems a very good FY 21 result.




 
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