"What interested me was the closing FUMA it started this quarter @$103,439 m and ended @$104,128m but the average for this quarter was only $102,658m."
No, I think you are making a mistake.
FUMA started the half-year (not the quarter) @$103.439bn and ended the half-year at $104.128bn. @31 March FUMA was $101.510bn.
But those movements mirror directly the movements in the market over the past 6 months.
So I don't think its a case of losing some at higher margin and then having to compete to win some at lower margin.
I think the margin pressure is simply an industry-wide phenomenon.
And, importantly, I think it plays directly into IFL's hand.
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"What interested me was the closing FUMA it started this quarter...
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Last
$2.77 |
Change
0.050(1.84%) |
Mkt cap ! $1.857B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.82 | $2.76 | $9.458M | 3.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 130 | $2.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 3828 | 1 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| IFL (ASX) Chart |