Apollo may want to buy this out by the end of the year, but I don't see it happening that soon or that easy. Why would HFA/LHP sell when there is only upside now? This is a scalable business and surface is only being scratched. What happens if AUM doubles or triples form this point? It sounds like allot but I think Apollo has the ability to bring in some heavy hitters, we aren't talking HNW investors here, we are talking massive institutions and pensions, combine that with a solid, not great but just solid year of performance and AUM will increase substantially.
Interesting things are happening no doubht. I still find the hiring of Goldman Sach's former head of Asset Management the same week that the HFA deal was announced back in late november/early december to be very interesting as well.
However, this thing is so under the radar I could see AUM going to $10B and this stock not moving much.
When HFA was at $2.20/share what was the AUM?
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Apollo may want to buy this out by the end of the year, but I...
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Last
$1.66 |
Change
0.010(0.61%) |
Mkt cap ! $811.0M |
Open | High | Low | Value | Volume |
$1.65 | $1.67 | $1.63 | $47.46K | 28.80K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 3377 | $1.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.65 | 219 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 3377 | 1.645 |
2 | 789 | 1.640 |
2 | 2830 | 1.635 |
2 | 1774 | 1.630 |
1 | 900 | 1.625 |
Price($) | Vol. | No. |
---|---|---|
1.650 | 219 | 4 |
1.655 | 91 | 2 |
1.660 | 1766 | 6 |
1.665 | 1758 | 6 |
1.670 | 50900 | 2 |
Last trade - 10.53am 14/11/2024 (20 minute delay) ? |
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