report out ..very nice :-), page-3

That the life of fund managers, the fee goes and up and up
when the market is good as fees based on FUM increase by the nature of the market moving...

and with all the big boys here like AMP and the like doing fairly ordinary job at best, these boutique small guys with integrity and personal service will do well and grab more market share..

I'm in on this one, I don't think your analysis is flaw

I think a little out of the square, fundamentally this stock ticks all the box for me...

I compared this to a stock one I used to owned WWA (now gone take over) ... steady dividend and stock price in and out of all cycles with earning fluctuate here and there.