Great analysis Lost, as always.
Have been a long term holder, in the early days the information was not presented well and I found it difficult to fathom, has improved a lot recently, IMHO. Your spreadsheet has further simplified modelling the business. Quarter on quarter growth of 5.7%, annualised to 20% is impressive.
Yet the share price is 40% below consensus forecasts (I know broker forecasts tend to be high but I look for companies with a high margin of safety - 20% discount to consensus share price) and has been consistently well below probably since the Northern Lights fiasco. The stock is on a good dividend yield.
This looking like a very strong buy but sentiment is poor.
Lost, what in your opinion will be the catalyst for this stock to rerate? I can easily see a valuation of $7.80 (PE of 20 for a 20% growth in rev) and in 2020 a valuation of 10$
Finally do you have the percentages of FUM for revenue for each of the funds?
Do you have an opinion on why Victory FUM fell by 3%
Cheers
Great analysis Lost, as always.Have been a long term holder, in...
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Last
$10.45 |
Change
0.110(1.06%) |
Mkt cap ! $538.9M | |||
| Open | High | Low | Value | Volume |
| $10.40 | $10.50 | $10.39 | $569.0K | 54.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3 | $10.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.59 | 150 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$10.43 |
Change
0.110 ( 0.90 %) |
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| Open | High | Low | Volume | ||
| $10.40 | $10.50 | $10.39 | 6104 | ||
| Last updated 15.58pm 31/05/2024 ? | |||||
| PAC (ASX) Chart |