NWL 0.14% $21.67 netwealth group limited

Ann: June 2020 Quarterly Business Update, page-10

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    higher inflows but lower margin as stated. the extra business FUA is being competitively bid at lower and lower margins.

    i struggle to come up with a value of more than $8.50 and im being generous. EPS is circa 18c and the PE ratio is 62. Thats simply too high for a low double digit grower. This isnt hyper growth. the market is extremely overbought in all technology names is the reason for the spikes 50% above its true value. look at the likes of tesla, and netflix.
    Last edited by Nige456: 13/07/20
 
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