Intelligent Investor has updated its recommendation following the float saying hold.
Base case valuation of $8, but "believe the price could be multiples of this in a few years if a few things go right".
They believe this is "the best funds management business in the country".
With all the focus into super, sure it is trading on a high p/e but there is substantial scope to grow their business as well.
ii says hold
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Last
99.5¢ |
Change
-0.040(3.86%) |
Mkt cap ! $579.2M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.03 | 99.0¢ | $23.50M | 23.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 302038 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 44470 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PTM (ASX) Chart |