result was so robust/dividend may be 15% if , page-4

vfrioni,

I've still got AEF, AFV and HFA. Let go of EQT, KAM and BLA in the past week.

AEF has grown FUM well, $800m of FUM and a market cap of $30m probably trading at around 12x underlying NPAT

AFV has grown FUM to around $600m and while loss making I think it may turn a profit this year. It has turned CF positive. Market Cap is under $8m

HFA gave good guidance hence why I bought.

In the financial planner space still have FPS and PFG. FPS was my largest holding but have let go of around half in the $1.50s. The easy money was from $1. Now it depends on the results they release

I lost a bit of conviction on PFG after the AGM and sold half. Still, I suspect its trading at well under 10x FY14 so I'll wait until the results before deciding what happens next