Australian specialist investment platform provider HUB posted new all-time highs on Wednesday, almost doubling from its 2023 low. It’s been a volatile month for HUB, with the stock tumbling the most in nine months two weeks ago following a Citi downgrade, but markets quickly forget when companies deliver. Hub’s 4Q FY2024 update was overall positive as net inflows exceeded expectations; FY 2025 guidance now looks conservative.
On a recent call with CEO Andrew Alcock, he touched on their vision for what comes next, with ambitions to be more of a ‘life HUB’ rather than just an investment platform. These sorts of plans cost money, however the strategic rationale makes total sense to us.
- We like HUB, we regret not still holding it, but the risk/reward isn’t compelling to be a buyer near $50.
MM is neutral towards HUB as it approaches $50
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