When i look at these results it seems they have circa. 2 years left to make it to scale.They making a net loss of approx $4m on an annual basis at current FUA levels and have $10m in cash. At there current growth rate you would assume they would make it into the black before their cash reserves run out.. But its a bit of a punt on assuming the advisers will continue to transfer business onto this platform.
I haven't done a full analysis - but if you look at the FUA growth its a mix of organic/inorganic and corporate vs licencee channels each with their own business model. Theres still a reasonable amount of FUA required to make to profitability (i'd guess atleast $1bn) and lots more required to make it to a decent ROE.
Any views on HUB24's longer term advantages over the big bank platforms such as BT Panorama?
When i look at these results it seems they have circa. 2 years...
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Last
$73.56 |
Change
1.200(1.66%) |
Mkt cap ! $4.657B | |||
| Open | High | Low | Value | Volume |
| $73.29 | $73.61 | $72.03 | $16.38M | 223.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 78 | $73.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $73.59 | 581 | 1 |
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| Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
| HUB (ASX) Chart |
