Praemium Ltd

PPS Details
·         Strong International inflows for the March 2017 quarter: Praemium Ltd (ASX: PPS) stock received a boost initially but ended flat on April 11, 2017 after the company reported the second highest quarterly inflows of $465 million, following record inflows for the International business. In the March 2017 quarter, the total funds under administration (FUA) grew 34% to $5.7 billion against the prior corresponding period. The company posted record quarterly inflows of £113 million ($184 million) for its International business (at the back of increasing contribution of new clients) and the quarterly inflows of $281 million for its Australian business, which is a growth of 29% on the prior year’s comparable period. There is a 20% increase in billable portfolios for its portfolio administration software. Moreover, PPS has launched its new pension offering on March 31, 2017, the Praemium Retirement Account. This offering to UK and international markets will see the first platform inflows in the June quarter, after a full roll out to all IFA partner firms.

·         Recommendation: PPS stock has fallen 15.96% in the last six months (as of April 10, 2017) and we believe investors could see this as an investment opportunity. We give a “Buy” recommendation on the stock at the current price of $ 0.39
 

Gross Inflows and FUA (Source: Company Reports)

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