13/08/2024 17:08

Netwealth (NWL) $20.70

NWL -5.57%: shares were lower on slightly weaker than expected FY24 earnings, though FY25 has started well by the look, and indications around flows look positive.

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11/07/2024 16:57

Netwealth Group (NWL) $21.00

NWL -4.15%: Reported net inflows for the fourth quarter of $3.8 bn, taking FY net Funds Under Administration (FUA) flows of +$11.2 bn, with FUA at period end of $88.0bn up from $70.27bn at the end of FY23. These are great numbers,  however a few flags to highlight on NWL (and HUB for that matter).

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03/05/2024 09:34

Netwealth Group Ltd (NWL) $19.66

NWL is up over +28% so far in 2024, a very impressive advance for one of the fastest-growing wealth management businesses in Australia - NWL operates the largest of the speciality platform providers in Australia. However, neither MM nor the market was keen on NWL’s March Quarter update, which, despite strong Funds Under Administration (FUA) growth, saw the stock sell-off aggressively due to fears about their underlying metrics, such as margins and associated leverage.

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11/04/2024 16:40

Netwealth (NWL) $19.26

NWL -5.03%: the independent investment platform was out with its March Quarter update today and, despite strong Funds Under Administration (FUA) growth, the stock was hit the most since October last year on revenue growth concerns. FUA increased $6.7b in the period to $84.7b with $2.7b coming from net inflows, positive market performance accounting for $4b.

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26/03/2024 09:12

Netwealth Group Ltd (NWL) $21.48

Investment platform business NWL is one of the market's best performers in 2024 and over the last year, with the stock making a fresh all-time high yesterday.

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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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