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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Last
$7.45 |
Change
-0.020(0.27%) |
Mkt cap ! $234.5M | |||
| Open | High | Low | Value | Volume |
| $7.48 | $7.51 | $7.45 | $113.4K | 15.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1010 | $7.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.50 | 3415 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FID (ASX) Chart |