Ivanovich, I assume that forward PE of 11 is based on Statutory earnings. On my preferred measure of NPATA, as I believe FID's amortisation of acquired intangibles is not a cash expense provided the company can maintain or grow the size of acquired businesses, the PE would under 10x
I see FUM as at 30 June 2017 was up almost 24% for the year and 10% in 6 months. That's based off adding up the individual FUM balances of 13 funds I follow. Actual disclosed FUM usually varies a bit from my figures
Ivanovich, I assume that forward PE of 11 is based on Statutory...
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