Might be to do with the exposure to UK/ Europe via the investment management business which is tiny compared to the annuity business. I bought some on Friday when the price hit low 9's and topped up today at $8.54. Bargain prices !!! Thank you very much.
The annuities market is going to go up exponentially thanks to tax reforms and more stable income focus for retirees as they move from Super to Pension. In the long run, I see this one going to $15-$20 range .
They are the dominant players in the annuity space and are doing deals with majority of the super funds.
Super industry worth $2 trillion and will grow to $6 trillion in next couple of decades. Even if they get a 10% market share via the annuity products .. That equates to a few hundred billion. Scope is massive .
Might be to do with the exposure to UK/ Europe via the...
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$6.89 |
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Mkt cap ! $4.761B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 1818 | $6.89 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.90 | 13335 | 3 |
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