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

  • Aug 20, 2018 AEST
  • Team Kalkine
3 Fintech Stocks to Look at – NWL, HUB, and PPS

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.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK