19/10/2023 17:13

Netwealth Group (NWL) $13.63

NWL -7.84%: Hit hard today after their quarterly Funds under Administration (FUA) update showed slowing growth, though certainly not helped by a soft session on the broader market. FUA increased by $1.6b to $72b, driven by $2.1b of net inflows with a small detraction from a soft market.

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06/07/2023 09:02

Netwealth Group (NWL) $13.71

NWL closed down -3.8% and similarly to HUB it remains largely unchanged for 2023 and over the last 2 years. The company’s 3Q update delivered in April was weak with Funds Under Administration (FUA) growth slowing, not an ideal backdrop.

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03/04/2023 16:44

Netwealth (NWL) $12.50

NWL -7.54%: Q3 update for the investment platform today was weak, with Funds Under Administration (FUA) up +$1.65bn for the quarter to $65.8b with growth hurt by current economic uncertainty and market volatility.

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15/02/2023 16:58

Netwealth (NWL) $13.64

NWL +2.71%: investment platform Netwealth traded higher today on an inline result that showed cost control can be managed. NPAT of $30.6m was in line while Revenue growth of 19% was a touch better than expected while platform margins increased by 4%.

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19/01/2023 17:25

Investment Platforms – Netwealth (NWL) $12.65 & Praemium (PPS) 78.5c

NWL -9.19%, PPS -1.26%: both stocks released 2Q Funds Under Administration (FUA) updates today and followed the slide seen in peer Hub24 (HUB) after their update earlier in the week. Netwealth saw FUA inflows of $2.1b, with FUA rising 7.4% in the quarter, though inflows were slower than 2Q22. Praemium posted a similar slowdown on their end, seeing...

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06/10/2022 09:11

Netwealth Group Ltd (NWL) $13.04

NWL is a business that can be described as a mixture of tech and investment management services both of whom have been in the “naughty corner” of late but as markets attempt to stabilise we believe the stock is poised to recoup a decent portion of its 45% post-COVID decline. While the stocks not cheap it is the country’s fastest growing platform provider having...

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15/07/2022 09:35

Could Netwealth’s (NWL) strong $$ flows light up the Platform providers?

Independent investment platform provider Netwealth is a mixture of a tech business, a superannuation fund trustee and an administration business whose digital platform aims to deliver easy and affordable investment facilitation to its users. The stock rallied +4.7% yesterday after delivering strong quarterly flows of $2.72bn versus $2.64bn QoQ which clearly impressed the market:

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16/02/2022 17:23

Netwealth (NWL) $13.40

NWL -9.76%: shares in the independent platform were smashed today following a soft first half. While fund flows remain robust and revenue follows, margins have been crunched by increasing costs for each of the players in the space. Operating expenses (excluding share based payments) were up around 30% on 1H21 and NPAT margins fell from 38.2% to 32.4% with earnings falling...

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17/12/2021 09:26

Netwealth Group Ltd (NWL) $17.14

NWL has been an excellent performing fintech since COVID although its traded largely sideways for the last 12-months. The platform provider launched a takeover for Praemium Ltd (PPS) last month which we believe will offer solid synergy for NWL but there’s more water to go under the bridge here with the PPS board believing the bid undervalues...

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19/08/2021 09:35

Netwealth (NWL) $14.24

Investment fintech services business NWL fell almost 5% yesterday after delivering its FY21 earnings which showed strong growth in all key metrics, although the market had decent expectations built in. To put things in perspective, NWL is now the 6th largest platform provider in Australia, ahead of both HUB 24 (HUB) and Praemium (PPS) which...

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