Shaw and Partners rates ((PPS)) as Buy (1) –
Praemium's first quarter result has marginally beat Shaw and Partners' expectations with inflows of $659m. Funds under administration lifted 2% quarter-on-quarter to $41.4bn, which the broker considers a strong outcome given market movements.
In Shaw and Partners view, Praemium remains undervalued compared to peers and could offer significant value to top industry players should a transaction eventuate.
The Buy rating and target price of $1.30 are retained.
This report was published on October 18, 2022.
Praemium PPS Target A$1.640/Share by Citi, page-110
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Last
50.0¢ |
Change
-0.020(3.85%) |
Mkt cap ! $241.0M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 52.0¢ | 50.0¢ | $162.6K | 319.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24000 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 160184 | 6 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| PPS (ASX) Chart |