AEF 1.42% $4.85 australian ethical investment limited

Well, you have a microcap stock which as a fund manager is a...

  1. 1,080 Posts.
    lightbulb Created with Sketch. 5
    Well, you have a microcap stock which as a fund manager is a leveraged play on the markets. Sure they have done well as Ethical/SRI investing has gained greater traction. But they need to maintain Funds Under Management (FUM) growth. They are coming off a low base, so results are amplified somewhat. In addition, while their individuals funds have done pretty well, you get a free kick when dealing with a (relatively) small fund base, so you would reasonably expect to get some return erosion as they grow. Also, a caution would be their PE, which looks pretty full compared to other listed fund managers.

    Short version, yes, well worth a look. But don't expect future results to mimic the past on this one. Their level of transparency (as a fund manager) is poor imo. I suspect that without some overhaul of process, their ability to maintain growth is going to be constrained. Certainly worth keeping an eye on however.
 
watchlist Created with Sketch. Add AEF (ASX) to my watchlist
(20min delay)
Last
$4.85
Change
-0.070(1.42%)
Mkt cap ! $483.8M
Open High Low Value Volume
$4.97 $4.97 $4.84 $643.8K 131.3K

Buyers (Bids)

No. Vol. Price($)
2 1490 $4.84
 

Sellers (Offers)

Price($) Vol. No.
$4.91 490 2
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
AEF (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.