A key statement is on page 8: 'As volumes increase, Fiducian margins increase'.
The metrics shown are excellent. In contrast to competitor MFG, FID continues to experience pleasing inflows, so FUM keep rising.
Interesting that staff numbers slightly decreased, although mention is made of how salary rises were granted to keep these competitive.
Basic EPS up 17 per cent. Great.
This company seems to be a quiet achiever: unheralded by most investors.
Surely this company ought be at least slightly rrated upwards by 'Mr Market' with shares trading in the A$8.00 to A$8.50 range instead of what they were yesterday.
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