People today seem to be skeptical of any measurement, be it PE ratio or EBIT multiples, except earning numbers.
One scenario, which is quite reasonable one, assume there is no growth in AUM, and market rise by 10% t0 30 June would give us following results:
management fee: little changed from last result (maybe down slightly);
performance fee: big increase of up to 60% x 15% x 10% x 6000 = $54m from under $1m in 2009. (not unachievable, considering 2006/7 (?)performance fee was ~36m).
Latest performance (see my previous posting) provides great comfort that funds are performing.
One thing is certain to me, HFA is worth a lot more with such earnings.
I hold.
Just my opinion.
earnings estimate
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Last
$2.04 |
Change
0.000(0.00%) |
Mkt cap ! $996.8M | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.05 | $2.02 | $260.5K | 127.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1854 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.05 | 21665 | 5 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| NGI (ASX) Chart |