News: CL1 Class Says Co Made $4M Investment In Managed Account Services, page-4

  1. 501 Posts.
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    There's plenty to like going forward for class - I think SMSF will still continue to be a huge part of Australian's super plans, especially for HNW clients. For advisors as well the portfolio product could be quite lucrative although it is a very competitive market, I'm yet to personally try the software for the products, although if it is anything like the accounting software it will be amazing and seamless.

    Even though it seems like a high P/E, you've got MYOB trading at 33, and im sure plenty of other software/techs will be trading at a higher multiple as well.

    Westpac share trading showing the sector average of 24.93, where class is currently at 23.87. Not a huge difference, but it does seem to be fairly valued where it is at now, although there is a very nice consistent divvy, as well as room for growth as well as they seem to be signing more and more clients every quarter.

    Would recommend to hold and see for the quarterly results coming up, but I don't see class as a sell at these prices.

    All IMO
 
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