You - the market as a whole are NUTS!Look at this:
It's not a precise calculation to the dollar, but it shows you directionally what is happening.
At the end of FY19, there were 2127 advisers (300 + 1138 + 689). The avg. fee per adviser (as reported on slide 14) was $19k.
So crude figure s $40 million. The reported gross profit was actually $30.6 million.
Stick with me for a moment, now let's say adviser numbers fall to 1800 advisers by FY20, but the avg. fee goes to $30k (as reported on slide 14), that's $54 million. Now exclude grandfathered commissions of $12 million on an annual basis, $54m - $12m = $42 million. So this means gross profit stays flatish in FY20.
Now look at slide 14 and see the recurring fee increases in FY21! It's 40% growth! The share price should be close to 28 cents!
You - the market as a whole are NUTS!Look at this:It's not a...
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Last
41.5¢ |
Change
-0.005(1.19%) |
Mkt cap ! $82.53M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.5¢ | 41.5¢ | $22.37K | 52.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34930 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 46511 | 1 |
View Market Depth
| Last trade - 15.47pm 29/07/2025 (20 minute delay) ? |
| CAF (ASX) Chart |