Interesting presentation. Raises the same questions. FUM Graph excludes WAM changes - that’s the point. Main points I got were - last year was good we can’t be expected to do that again, WAM sale leaves a hole in future earnings, acknowledge that Euroz need to grow FUM and diversified revenue streams but don’t have a plan they can announce just yet. On the up side 80m being returned to investors - but still don’t know how that will be done. Thinking buy back - unless the 47% of director/staff holders want new cars this year. Then we may get something different.
overall plan is to wait for a plan - May be the best plan in a covid Ukraine economic environment.
fair summary?
EZL Price at posting:
$1.60 Sentiment: Hold Disclosure: Held
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(20min delay)