PNI 0.61% $18.00 pinnacle investment management group limited

Hi AllWanted to understand everyone's expectations and...

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  1. 2,907 Posts.
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    Hi All

    Wanted to understand everyone's expectations and understanding of this announcement, then the implications for the first half announcement in Feb 2021.

    The update was that there is $11.0 Million in unaudited performance fees crystalised, attributable to PNI. This will be reported against the following line in cashflow (if someone could clarify):
    https://hotcopper.com.au/data/attachments/2782/2782034-0e6db83ae4abe90672d8f5726def11c9.jpg

    From the financial highlights and investor presentation released 06/02/2020:
    https://hotcopper.com.au/data/attachments/2782/2782043-9169d989d09e9b034db31c4b427d0de3.jpg
    This means the first half number here in terms of dividends and distributions (received not paid) could be in the order of $33 Million, or double last years figure.

    This is a pretty good number. Does anyone have a better understanding of the detail?

    It could mean that someone bought in a bit before the announcement and explain why there was a 9% jump in share price prior to New Year.

    Best of Luck
    Lost

 
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