I don't have the report but commentary summarised as:
The company owns the HUB24 platform which is attracting significant net flows. HUB now has the financial maturity to translate strong top-line into highly profitable growth.
FUA estimated to grow around 160% to $14.4bn between FY17-20.
Increasing demand for financial advice is driving structural growth in the platform industry, and the company is also gaining market share because of the quality of its earnings and a shift to independence from institutional platforms.
Interestingly, Ord Minnett reduced their rating to HOLD on the 24th of Jan. They did raise their PT from $9.57 to $11.00 but expressed concern that the price had run up too hard too quickly. That was when it went to almost $12.
Good to get some more rating coverage.
Back up toward $11.90
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I don't have the report but commentary summarised as: The...
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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. |
---|---|---|
$44.90 | 1164 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20 | 44.380 |
1 | 300 | 44.330 |
1 | 150 | 44.140 |
2 | 252 | 43.500 |
1 | 80 | 43.100 |
Price($) | Vol. | No. |
---|---|---|
46.000 | 1000 | 1 |
46.030 | 29 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$45.09 |
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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 ? |
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HUB (ASX) Chart |