gosouth, they said funds were received 'yesterday' ie 5th July,...

gosouth, they said funds were received 'yesterday' ie 5th July, so it doesn't form part of FUM as at 30 June, at least that's how I read it.

Working backwards, FUM as at 30 June was around $2,133 and adding this new mandate on takes FUM as at 5 July to $2,261m

My main concern is the pathetic profit in H2, down on H1 despite average FUM being approx 15% higher in H2. I understand they guided to higher staff costs but the extra average FUM in H2 should have boosted revenue by $2.1m in H2. Yet profit will be down, that's some increase in costs in a 6 month period

So despite the great FUM growth I don't have a lot of faith at the moment, reflected in my holding size