Its the same tried and trusted formula. Performance across its products need to improve dramatically. Costs need to be reined in. FUM needs to grow, profitable FUM, not small pots of money or small LICs. Or niche products.
At the same time, CGA needs to protect its crown jewel, CTN from the likes of GW etc. Retain its insto mandates for reputational reasons.
CGA raised $4.25 m net of debt. That buys CGA some time..... at the minimum, CGA's share price will stabilize.
The future is 110% dependent on growing profitable FUM fast.
Are CGA the fund manager to back compared to others listed on the ASX?
CGA Price at posting:
$1.02 Sentiment: None Disclosure: Not Held