PNI +8.95%: crashed through to all time highs today follow the release of FY21 accounts after market last night. Pinnacle takes strategic stakes in funds before helping with distribution and administration, beat earnings estimates by 6% for FY21. Net flows accelerated in the second half with more than $11b coming in the last 6 months. EPS more than doubled to 36.5c, carried by the strong flows but also bull market moves helped to bolster performance fees.
MM is keen on PNI if it pulls back
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