3 Fintech Stocks to Look at – NWL, HUB, and PPS

3 Fintech Stocks to Look at

Netwealth Group Ltd (ASX: NWL) is a financial service company that offers a range of innovative portfolio administration, retirement, investment, superannuation, and managed accounts solutions to both investors and non-institutional intermediaries. The Group disclosed its interest to the ASX Limited in accordance with the deed poll that was executed by the Company and Netwealth Investment Limited and was in favor of the Australian Securities and Investment Commission and pursuant to ASIC Instrument. The company was listed in 2017.

The stock was trading at a market price of $7.840 and has seen a daily price change of -$0.180 or a percentage change of -2.244% as at August 17, 2018. The stock has undergone a performance change of 13.79% in a year till date. It was reported that Funds under Management at June 30, 2018 were $17.96 billion i.e. an increase of $1.95 billion in Q4 and net funds flow for the quarter were $1.4 billion and the market movement was positive with $512 million which resulted in an increase of 4 per cent for the quarter and $1 billion for 12 months. Netwealth lifted its profit guidance to approximately 6% above the forecast for FY18. The stock was trading at $7.85, as at market open on August 20, 2018.

Hub24 Ltd (ASX: HUB) is a financial sector company that offers superannuation and investment platform services and its stock was trading at a market price of $11.940 and has seen a daily price change of -$0.050 or a percentage change of -0.417% as at August 17, 2018. The stock has undergone a performance change of 92.58% in last one year. It has recently recorded significant annual net inflows ($2.4bn) as the group benefitted from regulatory superannuation changes. For FY18, yearly net inflows on an average are $2.4 billion which is an increase of 24.1% from PCP. With white label versions of the platform receiving the 31% of net inflows, HUB24’s retail products received 69% of net inflows. Net inflows were split equally between IDPS and Super accounts and were diversified across both new and existing advisers. The company released the FY18 results on August 20, 2018. The stock was trading at $ 12.48, as at market open on August 20, 2018 with the delivery of inaugural dividend (3.5 cents per share), 51% growth in funds under (FUA) and 36% rise in revenue.

Praemium Ltd (ASX: PPS) offers services in financial advisory domain. The stock was trading at a market price of $1.000 and has seen a daily price change of $0.020 or a percentage change of 2.041% as at August 17, 2018. The stock has undergone a performance change of 122.22% in last one year, and under key stock recommendations, this small-cap stock has done well in the past one year. The company’s FY18 revenue has been $43.2 million, which is up by 22%, and funds under administration (FUA) has been $8.3 billion, which is up by 35% across all divisions. With an increase of 40% over the prior year, EBITDA is of $8.8 million. The asset inflows also increased by 50% reaching up to $3.0 billion. . The stock was trading at $ 1.005, as at market open on August 20, 2018.

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