Financial services company Hub24 Limited (ASX:HUB) has been granted a trading halt by the ASX pending a material transaction.
The company has continued to build momentum recently, with record net inflows in the June quarter 2014 of $117.7 million and record cash inflows of $152.1 million.
Funds Under Administration increased of 122% to $853.8 million in the year to 30 June 2014.
The company is well-funded for acquisitions, with cash and cash equivalents of $13.8 million.
31 new advisers joined the platform during the quarter.
The company's strategy is to: Leverage existing advisers and their clients; Secure new dealer groups and white label arrangements; and Continue to invest in its platform technology and accelerate the transition of FUA.
The halt will remain in place until the opening of trade on Thursday 21st August 2014, or earlier if an announcement is made to the market.
News: Hub24 Limited to reveal material transaction
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Last
$74.50 |
Change
0.940(1.28%) |
Mkt cap ! $4.657B | |||
| Open | High | Low | Value | Volume |
| $74.75 | $74.83 | $73.90 | $9.315M | 125.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 90 | $74.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $74.53 | 105 | 13 |
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| Last trade - 14.20pm 22/11/2024 (20 minute delay) ? |
| HUB (ASX) Chart |
