Any thoughts on the projection of profit / loss this year?
Just a very rough estimate based on, say, an increase of $20mil FUM per month which will take them to ~$360 by the end of FY13. Ignoring all other overhead cost they make (or sometimes lose) associated with transferring the funds in, the base, minimal fee they'll make is 0.44% of FUM - which translates to $1.584mil in revenue.
IMHO they still got a fair way to go but think over time they'll get there.
Keen to hear from anyone who knows how the rest of the market thinks of HUB24, especially from an actual user! I'm keen to get onboard but 1) FP hasn't got HUB24 listed as an approved product 2) me ain't worth enough to hop on as a wholesale client 3) smsf too small to warrant the onboarding cost (have to go through another party and they take a cut).
INQ Price at posting:
85.0¢ Sentiment: Hold Disclosure: Held
