Ann: Praemium H1 FY2019 results continue growth momentum, page-16

Yes but they have quoted gross infows, not net inflows. What are they hiding? This is a company in the growth phase which hasn't grown. Alarm bells should be ringing. Is this more than just markets correcting? It looks like it is but they haven't provided any information confirming or denying that - which leads me to think it is bad. 

To be clear, I am not calling the end of the world. I just think that if the problems were easy to positively explain - they would have. I was hoping to buy back in during this downturn but I can't do that with any confidence right now. I doubt I am the only one thinking this, hence my short term bearishness on the company.  Being a highly volatile stock with low earnings, every data point is important to reevaluate the prospects. This is a negative data point for me.