$3.8B in Net outflows and $4.1 in negative market movements in AUM - oof. WM & CT strong.
Based on the guidance, H1 shaping up as follows:
Revenue: $691M
Expenses: ($601M)
Finance Costs: ($35M)
Net Profit Before Tax: $56M
Income Tax Expense: ($16M)
Net Profit: $40M (up 16% from last year)
Assuming:
* H1 Cost/Income ratio stable (at 87%)
* Cost growth of 3.8% (upper end of 2-4% guidance)
* Significant items of $88MThey will present it to us as an underlying net profit of $128M (which is twaddle - but what they get their bonus on) and claim its up 30% from $98M last year. I want to see a $350M cost out program announced with a target cost income ratio of 65%.
$3.8B in Net outflows and $4.1 in negative market movements in...
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Last
$15.68 |
Change
0.680(4.53%) |
Mkt cap ! $1.797B | |||
| Open | High | Low | Value | Volume |
| $15.25 | $15.83 | $15.24 | $9.181M | 587.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15000 | $15.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.69 | 2346 | 3 |
View Market Depth
| Last trade - 16.10pm 23/04/2025 (20 minute delay) ? |
| PPT (ASX) Chart |