While there seems to be a technical low pressure system overhanging this one, I can see a fundamental breakout over the next 6 months:
- cash rates appear to be leveling off, protecting cash margin
- the promise of post royal commission net flows has manifested over the last 2 quarters
- out of the top 10 most shorted stocks (20th last time I checked)
- it’s gone sideways for 2 years FFS
- as a rough calc and heading into 30 June - say 18bn x approx 0.48% (rev) x 35% (approx Ebitda margin) / 63m shares & multiply result by suitable EBITDA margin for fasting growing platform - I get somewhere in the mid $14s..
A lot of catchup work has been done, however technical overhang still seems to be strong. Thoughts ?
While there seems to be a technical low pressure system...
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Last
$42.27 |
Change
0.640(1.54%) |
Mkt cap ! $3.432B | |||
| Open | High | Low | Value | Volume |
| $41.37 | $42.52 | $41.10 | $7.801M | 185.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 303 | $42.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.27 | 2607 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$42.24 |
Change
0.640 ( 1.35 %) |
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| Open | High | Low | Volume | ||
| $41.36 | $42.51 | $41.36 | 9761 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| HUB (ASX) Chart |