FID achieved all this when ASX indexes barely moved in the last few years. Let me remind you last bull cycle in 03-07 the predecessor FPS was trading at more than 25x P/E and at a time more than 30.
My whole thesis back then was dependent on the market move, but seriously I did not expect the organic growth can be so strong. Buying FUA cheap, moving them to their platform and funds...... It is a formula to make a fortune! Those guys are kinda genius to pull this off without diluting shareholders.
Over the years I learned when an Indian is at the helm at a company, you got pay attention, it is either lousy or extremely good. Just look at EBIX!
FID achieved all this when ASX indexes barely moved in the last...
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