Yes mate I am however the valuation of these things varies obviously. I don't want to put targets on this!
In general in financial services valuations appear to be based more on revenue then net profit.
It is difficult to know what the revenue represents in this case as it is a mix of various income classes I'm sure.
Either way $9.6 mill in a quarter is nothing to sneeze at.
With the restrictions on advice from 1 July last year (accountants can't provide SMSF advice etc) - this leads to a growing pool of revenue for companies such as this.
This is why the model they have is so good, you have everything in house.
Tracking this one closely today.
Yes mate I am however the valuation of these things varies...
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