OneVue Holdings Limited (ASX: OVH) has seen a stock price fall of 23.35% this year to date (as of November 01, 2016). On the other side, the following developments are expected to indicate for better prospects going forward:
 
Integration of acquired business on track: OVH has reported that the integration of the Diversa Business has been progressing well while the synergy realisation has been said to track ahead of the group’s plan. The group has already realised $2.3 million in annualised operating cost savings in the first month of acquisition (completed in October 2016). This reflects 57% of total anticipated synergies of $4 million per annum. The residual cost savings are expected to be attained by end of financial year. Diversa’s revenue performance is also going on as per the expectation since acquisition.
 
Fund Services unit registry transactions soared for the September quarter: The group reported operating cashflows to be positive by $0.7 million for the quarter. Further, the cash at quarter end was reported to be $18.7 million with no debt outstanding. The group highlighted that its Fund Services unit registry business is scaling up well and is set to benefit from the efficiencies of the new scale threshold achieved. The Funds Under Administration (FUA) have surged $17.5 billion for the quarter closing at $427.4 billion. The Fund Services unit registry transactions have soared up 113% on prior corresponding quarter. However, Superannuation Services FUA of $789 million (at September 30, 2016) has been below the previous quarter’s result owing to the transition out of 1 fund with $293 million of FUA. On the other hand, the group has added five new funds in the previous quarter and a new fund with $375 million in FUA and 3,500 members are being transitioned with completion expected by the end of the December quarter.  The group’s Platform Services also reported record gross inflows of $306 million for the quarter.  OneVue has also signed a new Platform Services client with $200 million in FUA set to transition in this financial year. 

Platform Services’ Gross Funds Flow and FUA (Source: Company Reports)
 
The group will hold its AGM on November 24, 2016.

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