The news today to remove the stock brokering business and build up FUM with Wilson was a surprise but is very positive for both businesses
Wilson get to build repeat income by using a platform , and add 9 brokers to their team
HUB 24 get a second major brokering business subscribing to their platform , Ord Minett being the initial business that reported that the super product was actually getting accelerated traction amongst their dealers and client base .
Now the business is simply a product provider groups like Yellow Brick road and even Wilson's might looked to take the $12.5m market cap at 45c , is less than the last reported cash in the bank .
Stocks like Magellan and Perpetual are similar in theory , and have a rocket under them at present
I have a very small position and are considering getting a much bigger one
INQ Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held