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Showing 1 - 7 of 7 results for "NWL"

Netwealth FUA crosses $40 billion

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... which is higher than December quarter's $659 million but about 38% lower than previous March quarter's $1.4 billion. NWL expects full-year FUA net inflows of approximately $9 billion.

Netwealth cash margin could squeeze

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
... recently under pressure and limited competition for deposits, the risk of ANZ renegotiating the cash rate +95bps they paid NWL is rising. We note that 12 months' notice is required to be given before any change is made. We estimate a 50bps reduction ...

Platforms start to shake ERS impact

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
... from 5.1% from 2.1% over the same period. However, institutionally aligned IOOF remains its top pick, as it sees HUB24 and NWL overvalued. "We continue to see medium-term value in IFL (OPFM) which remains our top pick. While there are concerns over a ...

IRESS caves in, ups OneVue bid

KANIKA SOOD  |  MONDAY, 28 SEP 2020
... today and compares to IRE's all cash bid of $0.40 per share. By comparison, a group of relevant listed peers (including NWL, MAI, PPS, PWL, HUB and XPL) has seen their average share price increase by around 50% over the same period of time, almost ...

Credit Suisse names preferred investment options

ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
... ahead of market expectations. "Revenue pressure from normalising cash allocations and trading activity (~3bp impact for HUB/NWL) is yet to flow through. Ultimately, the value investment cases underpinning IFL and AMP will take time to play out - although ...

Heine family sells Netwealth shares

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
... his private investment company and would have received about $27.8 million from the sale of 2 million (of the 5.5 million) NWL shares attributed to him in company filings. "There is nothing untoward in the sale. The stock has done incredibly well since ...

HUB24 wins out over Netwealth: Ord Minnett

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
... administration for FY20 while Netwealth had $31.5 billion. Both finished FY20 with strong flows. "HUB24's valuation relative to NWL has diverged significantly, with both trading on similar FY21 PE ratios but HUB24 growing ~6x more rapidly in FY21 ...
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