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HUB24 (HUB)

$31.25
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What does Bull and Bear mean?

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MM remains long and bullish HUB

OPINION

HUB24 (HUB) $31.25

HUB +8.73%: the investment platform continues to hit the ball out of the park, today announcing record quarterly inflows for the first three months of FY22. FUA grew $3b to $45.4b, up 139% year on year as more investors move to independent platforms. The company recently set some lofty targets to hit $63b in FUA by FY23 however they have the momentum and continue to sign more licence agreements – 30 in Q1 – that provides clear line of sight to the figure.

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Flagship Growth Portfolio

The portfolio advanced +0.87% last week compared to the index which gained ~0.3%, outperformance was aided by HUB24 (HUB) and NRW Holdings (NWH) rallying over 10%, while a2 Milk (A2M) was the main drag falling 11% - lets hope that rumoured takeover surfaces soon!

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HUB24 (HUB) $29.37

While HUB has made a fresh all-time high in late August to us it has a very different look & feel to the previous examples with the potential exception to CTD. We saw in June the stock make a fresh all-time high, dip and then rally again, we see no reason to believe this path won’t be repeated.

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HUB24 (HUB) $29.76

HUB fell almost 6% yesterday following the news that Chairman Bruce Higgins sold ~$8m worth of stock and CEO Andrew Alcock has sold ~$5m, as we said earlier never a positive when insiders sell large lines of stock hence the markets reaction. However again the stock has rallied 50% from its 2021 low making it understandable they’ve taken some...

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HUB24 Ltd (HUB) $30.27

HUB made fresh all-time highs yesterday as the business continues to grow while maintaining decent margins plus most importantly in their latest report they’ve provided a huge lift in FUA guidance moving forward. Costs will increase on the tech & sales side but we believe the phenomenal growth rate more than makes up for this expenditure, also we should remember...

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HUB24 (HUB) $27.96

FY21 Results: HUB reported group revenue of $110.9m which is well below the $132m expected, Underlying EBITDA of $36.2m was a slight beat while underlying profit was largely inline. Key here is around FY23 Funds Under Administration (FUA) guidance which has been upgraded to a range of $63bn – $70bn by FY23, up from previous FY22 platform FUA...

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Reporting Today (AMA, ALC, AWC, ANN, ASB, BRI, BLD, CBR, EP1, EHE, OSH, MND, SKI, NTO, SCG, SEK, HUB, RDY, REH, KGN, VEA)

Companies reporting today include: AMA Group Ltd. (AMA), Alcidion Group Ltd. (ALC), Alumina Ltd. (AWC), Ansell Ltd. (ANN), Austal Ltd. (ASB), Big River Industries Pty (BRI), Boral Ltd. (BLD), Carbon Revolution Ltd. (CBR), E&P Financial Group Ltd. (EP1), Estia Health Ltd. (EHE), Oil Search (OSH), Monadelphous Group (MND), Spark Infrastructure (SKI), Scentre Group (SGC), Seek (SEK), Hub24 (HUB), ReadyTech (RDY), Reece (REH), Kogan (KGN), Viva Energy (VEA), Nitro (NTO)

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HUB24 Ltd (HUB) $26.69

Financial platform provider HUB tested MM’s psychology after we decided not to lock in any profits above $28 only for the stock to correct 17% in a rising market. We like the business and as we are holding a relatively small position the opportunity to trim our holding wasn’t on offer hence we decided to stay long which definitely felt uncomfortable last week but cream does usually float and the stock bounced strongly.

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HUB24 (HUB) $25.40

HUB -2.38%: HUB also produced a good set of numbers on a weak day today and despite the shares trading lower, their quarterly update was a cracker with the investment platform recording its third consecutive quarter of record net flows of $3.9bn  which is +259% YoY  & +104% QoQ). James Bisinella had this to say… HUB has put on another record of net flows in 4Q21 of $3.9bn, including a $1.4bn large transition from ClearView.

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ACTION

HUB
UPDATED 14/10/2021 17:17
MM remains long and bullish HUB
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HUB
UPDATED 20/09/2021 08:24
MM remains long & bullish HUB
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HUB
UPDATED 01/09/2021 09:07
MM remains long and bullish HUB but obviously watching carefully
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HUB
UPDATED 27/08/2021 08:55
MM remains long and bullish HUB
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HUB
UPDATED 24/08/2021 16:46
MM remains long & bullish HUB
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HUB
UPDATED 13/08/2021 08:49
HUB
UPDATED 21/07/2021 09:14
We remain bullish HUB
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HUB
UPDATED 22/06/2021 11:47
MM is considering taking a ~20% profit in HUB
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HUB
UPDATED 08/06/2021 09:39
MM likes HUB’s growth moving forward
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HUB
UPDATED 26/05/2021 09:53
MM is bullish HUB targeting fresh all-time highs
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Investment platform & reporting

HUB24 (HUB) focuses on the delivery of a platform which supports investors. The platform is a next-generation service with state-of-the-art portfolio  management, transaction, and reporting solutions for licensees, financial advisers, accountants, stockbrokers, and institutions.

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HUB24 Ltd (HUB)
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HUB24 (HUB)
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HUB24 Ltd (HUB)
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HUB24 Ltd (HUB)
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HUB 24 (HUB)
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HUB24 Ltd (HUB)
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HUB 24 (HUB)
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HUB24 Ltd (HUB)
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HUB24 (HUB)
Tagged video
WATCH
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MM views on Bravura (BVS), Monadelphous (MND), HUB24 (HUB) & Zip Co (Z1P) Recorded Wednesday 25th August
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Direct From The Desk – Market Matters – A deep dive into HUB24 (HUB) James Gerrish & James Bisinella
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