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.
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Well, you have a microcap stock which as a fund manager is a...
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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. |
---|---|---|
$4.91 | 490 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3054 | 2.360 |
2 | 321 | 2.340 |
1 | 370 | 2.290 |
2 | 5353 | 2.260 |
1 | 9000 | 2.250 |
Price($) | Vol. | No. |
---|---|---|
2.380 | 8849 | 3 |
2.390 | 8260 | 1 |
2.400 | 4200 | 2 |
2.460 | 280 | 1 |
2.500 | 1500 | 1 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
AEF (ASX) Chart |