Investment platform 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 we hold across our Flagship Growth & Emerging Company’s Portfolios respectively.
This is a stock priced for strong growth and we have a preference for others in the platform space.
MM is now neutral NWL around $14
Add To Hit List
