Ann: Praemium FUA up 23%-PPS.AX, page-3

Criterion writes

"Praemium (PPS) 34c
It may hold all the sex appeal of an actuaries’ convention, but the managed fund platform provider is worth watching as a potential takeover target.
Praemium yesterday reported March quarter funds under administration of $4.5 billion, up only marginally on the previous quarter but 23 per cent higher year-on-year.
Notably, Praemium’s British FUA rose 22 per cent over the year to $1.65bn, a welcome turnaround given Praemium entered the British market too early and incurred huge losses as a result. According to Baillieu Holst’s Nick Burgess, Praemium taps the growing market of retail investors moving from conventional funds to managed accounts.
“Wealth technology is likely to be part of the next wave of financial service consolidation,’’ he says.
Our spec buy call at 31c in October is yet to deliver in spades, but don’t doze off yet."

http://www.theaustralian.com.au/bus...o/news-story/077090082bb802b4cd0426a0e5c12b6a