Stocks’ Details
 

Praemium Ltd

FUA surpassed $7 billion: Praemium Ltd.’s (ASX: PPS) stock continued to rise with a 7.2% upward movement on November 20, 2017 following a 38.89% surge in the last three months as on November 17, 2017. The stock has got a boost recently with the funds under administration (FUA) across the company’s global platforms and funds exceeding $7 billion. FUA for the Australian business reached $4.53 billion while $2.49 billion (£1.45 billion) were reported for the International business. The addition of $1 billion in FUA, in less than 6 months, has been noted after the record inflows in the September 2017 quarter. This is due to the continued growth of the existing clients and an increasing pipeline of new clients. We maintain a “Hold” recommendation on the stock at the current price of $0.67
 

Hub24 Ltd

FUA reaching $6.6 billion: Hub24 Ltd (ASX: HUB) reported that its Funds Under Administration (FUA) reached $6.6 billion after achieving net inflows of $740 million in the first four months of FY18. The company is targeting to more than double its FUA in the next three years to be over $12 billion. Through the Agility and HUB 24 joint technology initiatives, several projects are underway. Already 5 licensees across both the Financial Advice and Broking segments, including the recently announced white label for Euroz, are selected due to this integration and the group has planned further enhancements. Moreover, the enhancements will include an intuitive online account mapping functionality that allows HUB, broker and third-party accounts to be linked enabling a holistic view of the client’s entire portfolio. HUB24 is also creating efficiencies around the production of Records of Advice (ROAs), with delivery planned for December 2017. Meanwhile, HUB stock has risen 44.19% in three months as on November 17, 2017 and is trading at a high price to earnings ratio. While the group’s revenue has been improving driven by net inflows, the operating and growth resource expenses are also on the rise at the back of the key initiatives. Given the trading scenario, we put a “Hold” on the stock at the current price of $9.08 

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