Looks a healthy result which will be replicated at year end unless something out of left field.
good to see cash margin recovering as anticipated - driving revenue margin increase which mostly falls to the bottom line. Platform EBITDA margin >40% for first time.
I can see some good tailwinds coming out of the end of current cycle - acquisition synergies, cash margin recovery, + Levy Report impact on broadening access to advice.
5.7% platform market share and no real startup competitors for NWL and HUB breaking through = pricing advantage for these two as they scale.
any headwinds ?
News: HUB Hub24 Says Reaffirm Platform FUA Target Of A$80-89 Billion For FY24, page-2
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Last
$44.90 |
Change
0.050(0.11%) |
Mkt cap ! $3.645B | |||
| Open | High | Low | Value | Volume |
| $44.65 | $45.20 | $44.33 | $6.126M | 136.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2270 | $44.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.90 | 1164 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$45.09 |
Change
0.050 ( 0.64 %) |
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| Open | High | Low | Volume | ||
| $44.47 | $45.20 | $44.33 | 51558 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| HUB (ASX) Chart |