if you look into the FUA and FUM they have grown by over 7.4% they haven't included Funds under advice. If we were to calculate the total funds managed it would be over $535b at spot price imo.
Cash earnings of $56m for the half year would be significantly higher than the $89m net profit for FY20 if we were to double the $56m. Page 74 did show $66m net profit before tax though for the first half. All in all, it looks like the MLC business has grown faster than IFL including the P&I business. Also note that net asset value of MLC is valued at $1.45b.
i don't think the market has reacted much to the favourable results of the half yearly report for MLC.
if you look into the FUA and FUM they have grown by over 7.4%...
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Last
$3.48 |
Change
0.030(0.87%) |
Mkt cap ! $2.334B | |||
| Open | High | Low | Value | Volume |
| $3.48 | $3.50 | $3.46 | $4.432M | 1.274M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3472 | $3.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.48 | 19283 | 3 |
View Market Depth
| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |