http://www.hub24.com.au/content/downloads/asxannouncements/20131218_HUB24_launches_new_branded_platform_for_Total_Financial_Solutions.pdf
IMO this is really good news for HUB as they are starting to sign on some very large (household name) groups for the Hub24 platform. Recent groups include; Interprac ($1.1bn+), Premium ($2.1bn+) and now TFS ($2bn+) which collectively represent well over $5bn of fum across 230 financial advisers that could potentially come onto the platform over the next 12-24 months. Not to mention the fact that TFS is a 'wholly owned subsidiary' of Countplus (CUP) of which has 21+ professional groups within its network. It's also worth mentioning that CUP is ~40% owned by CBA. I got this from my broker today (see below), which illustrates the serious, serious potential of HUB landing other groups within the Countplus network. At $1.20 (10c below placement price) it looks a steal. The only thing I'd like to see speed up is the time taken between landing one of these big groups and getting the fum onto the platform. Seems a sluggish process but that's probably because it takes a month or two to go live from having signed on. Therefore I'd suspect a couple of big lumpy months (potentially $100m+) in early 2014 to come from the 3 aforementioned groups.
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- tfs group (cup.asx) goes white label for $2bn+
http://www.hub24.com.au/content/downloads/asxannouncements/201312...
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Last
$47.50 |
Change
0.460(0.98%) |
Mkt cap ! $3.854B |
Open | High | Low | Value | Volume |
$47.04 | $47.82 | $46.85 | $7.913M | 166.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 487 | $47.48 |
Sellers (Offers)
Price($) | Vol. | No. |
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$47.77 | 616 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 487 | 47.480 |
1 | 678 | 47.470 |
1 | 1450 | 47.440 |
1 | 678 | 47.420 |
1 | 610 | 47.380 |
Price($) | Vol. | No. |
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47.770 | 616 | 1 |
47.820 | 678 | 1 |
47.870 | 678 | 1 |
47.920 | 678 | 1 |
48.000 | 2500 | 3 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
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