This company is in a long term uptrend. Hard to see why people sell it when FUM inflow is powering ahead relative to others. I understand people locking in profits but I look back on all those people that sold shares to me way back when they were between $20 and $63 and I wonder if they think they should have held on. It wont be long before this company manages $5B (2021 or sooner) and averaging a 1% management fee (after a few years of fee reductions) it's easy to see why this company will be getting revenues of $50M in 4 years with expense going up annually by 10%p.a. (CPI and more staff) going from FY17 $23M to FY21 at $33M. Only problem - need more cash to buy more. :-(
AEF Price at posting:
$114.99 Sentiment: Buy Disclosure: Held
