Just on the interest. When you look at Hub24's income statement, 'interest received' is actually very low relative to 'revenue'. I imagine the difference the retail interest rate Hub pays on accounts, and the wholesale rate it collects from uninvested cash is part of its revenue from operations.
Surely is has to be. It has 33m on its balance sheet so that's likely where the interest is earned (works out to about 1% of its cash balance).
I hate having to make assumptions because the financial statements dont categorically tell you what's what. I should write a letter of complaint to their investor relations department.
Just on the interest. When you look at Hub24's income statement,...
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Last
$40.36 |
Change
-0.120(0.30%) |
Mkt cap ! $3.272B | |||
| Open | High | Low | Value | Volume |
| $40.64 | $41.07 | $40.13 | $1.333M | 33.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 89 | $40.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.38 | 89 | 3 |
View Market Depth
| Last trade - 13.54pm 30/04/2024 (20 minute delay) ? |
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Last
$40.31 |
Change
-0.120 ( 0.42 %) |
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| Open | High | Low | Volume | ||
| $40.75 | $40.75 | $40.14 | 3640 | ||
| Last updated 14.13pm 30/04/2024 ? | |||||
| HUB (ASX) Chart |