While I agree that HUB/NWL are very expensive, there are a couple of good reasons why they trade at a large premium to PPS:
1. as mentioned by @Jaaa inflows at HUB/NWL are on a totally different level
2. increased FUM at HUB/NWL translates into reliable profit growth while PPS will report a decline in profits this year
Ann: March 2024 Update, page-6
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Last
46.0¢ |
Change
0.025(5.75%) |
Mkt cap ! $212.5M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 46.0¢ | 43.0¢ | $279.1K | 622.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20165 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 33127 | 3 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
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Last
46.0¢ |
Change
0.025 ( 4.83 %) |
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| Open | High | Low | Volume | ||
| 43.5¢ | 46.0¢ | 43.5¢ | 123254 | ||
| Last updated 15.59pm 18/06/2024 ? | |||||
| PPS (ASX) Chart |