PPS 1.03% 48.0¢ praemium limited

News: PPS Praemium Ltd Says ANZ Private Informs Co That It Has Selected An Alternative Supplier, page-5

  1. 3,429 Posts.
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    Agree this takes the gloss off sales growth and that 8% is a reasonable hit ... but with $2Mpa of the $4Mpa replaced in just the last week, the price reaction today is pretty severe. May go again as/when brokers update their TP tho.

    FUA will also take a hit from the loss, but with markets up strongly since 1 Jan, total FUA may well still grow for the half to Jun30.
 
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