ironically, we "earned" the same as IFL in Fy24:but we have so...

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    ironically, we "earned" the same as IFL in Fy24:
    https://hotcopper.com.au/data/attachments/6742/6742179-dead5181c8b21d5cae0d87ec5aa057f7.jpg

    https://hotcopper.com.au/data/attachments/6742/6742161-a185ce8f6b9816a311fd7bce8de789d9.jpg

    but we have so many levers that can be pulled by the right mngt.

    1. Our cost to income in AM is way to high vs every peer. Wont take a sharp tool to sack many a headcount and consolidate funds....
    2. admin expense through the roof to support those "silos"
    3. equity rem favours the top enders, they should be smashed when we are (more aligned)
    4. financing costs - a BAIN, KKR etc would eliminate this and upside of $60m in its own right. That's ~$267m UPAT without lifting a finger....

    $3bn like IFL is ~$27.2 p/s. we're $7 off that.....and ironically, again, is about where Soul P had us....
 
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