Quality Business to Consider?, page-74

Very positive close on its high and over the $4 now after that 5% move up.

Didn't take as long as I thought and hasn't presented a good top-up opportunity yet either, which I thought it would.

I quick read of the results looks like they weathered the Brexit storm well with growing total AUM and expect a recovery from hits to retail outflows and performance fees.

I'll have a deeper dig into the numbers tomorrow but the % drop in share price in no way reflected the short term impacts in these result headlines, so I think it hinges on what we see happening in the next few years and how their continued diversification plays out.

In the ST, how much of this has been priced into the recent 20% recovery from the preceding 50% fall? I think we have some more gains to come so will still hold for now.