Australian (ASX) Stock Market Forum

PPS - Praemium Limited

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sptrawler said:
Well Barney, I just topped up or dollar cost averaged at 20cents lol, the directors seem to be having a bit of a buy up also.
By the way thanks for the tip, not.:roflmao:
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Haven't looked at this since my post last October. It actually did as expected back then and broke through the old range to a high of 69 cents ….. Hasn't been pretty ever since unfortunately

I have no idea whether 20 cents is too early Homer but the numbers are positive as you say.

And the Directors have been busy accumulating a few for themselves.

$80+ million MC … $11 million cash … cashflow positive. It looks a safe longer term punt …. good luck with it:)
 
barney said:
Haven't looked at this since my post last October. It actually did as expected back then and broke through the old range to a high of 69 cents ….. Hasn't been pretty ever since unfortunately

I have no idea whether 20 cents is too early Homer but the numbers are positive as you say.

And the Directors have been busy accumulating a few for themselves.

$80+ million MC … $11 million cash … cashflow positive. It looks a safe longer term punt …. good luck with it:)
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Well barney, sunshine and lollypops mate, cheers.

I do hold, through the torrid times. lol
 
sptrawler said:
Well barney, sunshine and lollypops mate, cheers. I do hold, through the torrid times. lol
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Great to see Homer ..... No guts no glory!:nailbiting: Well done, and your shout!:hungry:

Averaging down is given a bad wrap by many pundits. I see it as a low risk money making opportunity as long as the fundamentals stack up.
 
And the last week of October was about it, for a while.
1610065791036.png


During the "quiet time" the CEO has been out and about, talking to analysts and journalists:

The investment platform industry will look markedly different in five years following “ground-shaking” change this year, as major banks and potentially AMP retreat and financial advisers better manage conflicts.
That is the view of the chief executive of ASX-listed Praemium, Michael Ohanessian. He is optimistic that smaller and boutique players will emerge stronger and continue to win market share from the bigger end of the $900bn local platform sector.
“I think 2021 is going to be a massive year of change and this industry is going to look completely different in five years,” Mr Ohanessian said. “You can see as disruption continues at the top end, the legacy is hard to work through … The prize that presents itself to now a smaller number of specialist platform providers (SPPs) is massive.”
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He thinks it won’t be difficult for SPPs to boost their combined market share to 20 per cent over coming years, from about 8 per cent in 2020.

Mr Ohanessian said Praemium had already undertaken some of the Powerwrap integration, and was now tackling the “more meaty” parts of the project such as combining technologies and suppliers. He said in light of the recent rationalisation at the smaller end of the platform market, players were in a stronger position to navigate industry challenges such as shrinking margins.
“It is an industry that is overserved and not productive enough,” Mr Ohanessian said. “Any firm that can bring technology to make things more productive, those firms will still do well and they will thrive even in a world where prices come down and margins get squeezed.”
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Praemium bought listed rival Powerwrap last year and has more than $20bn in funds under administration.

( DNH ).
 
Key results for the quarter

Praemium’s global FUA increased 10% during the quarter to $34.3 billion, with record FUA achieved in all segments compared to the September quarter:
  • Australia platform FUA of $16.4 billion, up 10%;
  • International platform FUA of $3.9 billion, up 13%; and
  • FUA for VMAAS of $14.0 billion, up 9%.

Net inflows set records for both Australian and International segments, with $813 million and $303 million respectively. Quarterly platform FUA growth was also aided by a positive $1.0 billion in market movements.
 
You certainly did @barney, from memory I think it might have been you that gave me the heads up on HZR as well, thanks heaps. That is the great thing about the forum, it makes you look into companies that you wouldnt normal research. Everyone has a different area of interest, the forum opens hthe discussion.
 
All credit to you Homer ...... Great to see someone back something at the lows and ride it to new highs :cool:

I like the fact that PPS with a +$500 million market cap, talk in $Billions in revenue inflow as well ;)

Well done M8!
 
Miner said:
@sptrawler
If you hold ckf shares please take missus to KFC. The food is more tasty and helps your investment too. :)
DNH
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The missus wont eat anything deep fried and she hasn't seen me eat it either. ?
As I sit here writing and working my way through a bowl of porridge and bird seed. :(
 

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