I think I weigh the strong increase in FUM as more positive than the potential negative from more provisions relating to the unit pricing issue. The rise in FUM is very strong compared to those achieved in FY16 and augers really well for the year ahead.
The provision in the FY16 for the pricing issue was $0.9M. Who knows what any additional provision might be in the 1st HY for 17, but hard to imagine they get it so wrong it could be the same order of magnitude, or more....? However, given they are making the step of flagging it again, it appears they do think it will again be material.
Time will tell.
Gosouth
Ann: AEF FUM at 30 June 2016-AEF.AX, page-13
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Last
$4.90 |
Change
-0.020(0.41%) |
Mkt cap ! $483.8M | |||
| Open | High | Low | Value | Volume |
| $4.97 | $4.97 | $4.84 | $567.8K | 115.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 320 | $4.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.92 | 914 | 15 |
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| AEF (ASX) Chart |
