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4 AUB Group Ltd (AUB) $23.34

Insurance broker AUB continues to trade strongly having rewarded investors who backed its $350mn capital raise at $19.50, back in June, to fund the acquisition of Tysers for $880m. The company continues to deliver and in August they forecast that organic growth would help drive NPAT up ~20% for FY’23 compared to FY22

  • We like AUB as a business but the risk/reward has deteriorated after its rally towards $23 i.e. sounds like much of the ASX.
AUB
MM is mildly bullish AUB
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AUB Group Ltd (AUB)
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