HUB24 (HUB)

14/10/2021 16:35

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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13/10/2021 09:34

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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17/09/2021 09:34

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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31/08/2021 09:33

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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26/08/2021 09:26

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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24/08/2021 16:22

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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24/08/2021 08:07

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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12/08/2021 09:43

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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20/07/2021 17:20

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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22/06/2021 09:13

HUB24 Ltd (HUB) $27.50

MM took a 4% position in HUB back in April targeting fresh all-time highs which has now been achieved.

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