Onevue IPO, page-7

Well I hold HUB and I use their platform and the OzPort software that was their original platform business at OneVue is similar, but OneVue have gradually reduced productivity by adding administration style activities to previously pooled HIN accounts, whereas HUB is gaining scale benefits by sticking to its knitting. so HUB is now entering profitability as FUM rises above $720m whereas Onevue proudly states it has never been profitable and has racked up $12m of c/f losses so far hence it has to keep raising capital even though it has @ > $2 bn on its platforms and some fanciful figure in the mega billions of FUA which alone sends shivers down my spine.

Onevue might win an award for the most highly qualified number of female directors on a board though.

$20m in annual operating costs tells me they are not running a scale able model, it's another Praemium.

I agree with an earlier comment, wouldn't touch it with the proverbial barge pole. Could even be in the running for the worst float of 2014.