26/02/2024 16:46

Praemium (PPS) 41c

PPS flat: We met with the PPS management team after they released 1H24 results this morning and announced the acquisition of OneVue from Iress (IRE).

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11/01/2024 09:21

Trade Alerts – Emerging Companies Portfolio

We are making multiple changes to the Emerging Companies Portfolio

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22/11/2023 16:46

Praemium (PPS) 37.5c

PPS -35.34%: a tough day for the investment platform business, tumbling on comments made at their AGM. The company has been working hard to right size their cost base but it is facing headwinds on both costs and revenues and today’s update sent the stock to 3-year lows. On the revenue front, lower trading volumes have weighed on income given Praemium clips the ticket on activity.

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30/08/2023 09:06

Praemium (PPS) 62.5c

The investment platform business reported FY23 results yesterday that delivered slightly higher than expected overall revenue ($74.3m) while underlying EBITDA ($23.42m) was inline with our expectations due to rising costs, particularly in cybersecurity and a general increase in labour expenditure across the board. Growth remains slower than the other platforms, and PPS don’t have the same scale as HUB or NWL, with funds under administration (FUA) of $44.0b, up $1.4b  for the year - (HUB have $80.3b).

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18/07/2023 16:52

Praemium (PPS) 59.5c

PPS -1.65%: the investment platform dipped today despite what looked like a reasonable Funds Under Administration (FUA) update. FUA grew 9% for FY23 to $44b, split reasonably evenly between Platform inflows, portfolio administration inflows and overall positive market moves.

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12/07/2023 09:12

Praemium (PPS) 57.5c

Shares in the investment platform company have struggled since the start of the financial year. The weakness coincides with a choppy market which tends to reduce investor confidence and subsequent flows into the investment platforms, however, this slide also comes as Praemium enters a blackout period and must pause its buyback.

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06/07/2023 09:03

Praemium Ltd (PPS) 63c

PPS slipped -2.3% yesterday being dragged lower on overall negative sentiment toward platform providers. We felt PPS delivered a solid 3Q in April enjoying a steady turnaround after selling off its struggling International business. Unlike HUB & NWL we aren’t as concerned by PPS’s valuation of 24x Est FY23.

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18/04/2023 16:33

Praemium (PPS) 72.5c

PPS unch: 3Q Funds Under Administration (FUA) update from Praemium showed a turnaround in momentum for flows as has been the case across the platforms in recent updates. Total FUA rose to $43.7b, up 8% FYTD, while $223m of net flows were garnered in the quarter.

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27/02/2023 16:46

Praemium (PPS) 78.5c

PPS +7.53%: a strong move higher against a weak session for the market, the investment platform impressed at their HY results. Revenue margins increased 9bps.

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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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