A article on FNArena discussing financial platforms suggests that consolidation may reduce competitor pressures and be a positive for Netwealth and HUB24.
Citi and Morgan also predicted fourth quarter flows to Netwealth with the actual numbers coming somewhere in between the respective forecasts.
https://www.fnarena.com/index.php/2020/07/09/financial-platforms-eyeing-costs-consolidation/
Ann: June 2020 Quarterly Business Update, page-5
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Last
$22.63 |
Change
0.130(0.58%) |
Mkt cap ! $5.522B | |||
| Open | High | Low | Value | Volume |
| $22.48 | $22.84 | $22.44 | $5.872M | 259.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 636 | $22.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.71 | 1021 | 5 |
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| NWL (ASX) Chart |