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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Last
$75.10 |
Change
0.230(0.31%) |
Mkt cap ! $4.657B |
Open | High | Low | Value | Volume |
$75.00 | $76.00 | $74.51 | $28.94M | 385.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 279 | $75.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$75.63 | 213 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 92 | 56.050 |
2 | 402 | 55.900 |
1 | 906 | 55.890 |
1 | 906 | 55.830 |
1 | 2208 | 55.790 |
Price($) | Vol. | No. |
---|---|---|
56.210 | 150 | 2 |
56.220 | 588 | 2 |
56.250 | 906 | 1 |
56.300 | 906 | 1 |
56.360 | 906 | 1 |
Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
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Andy Udell, CCO
Andy Udell
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