Navigator Global (ASX: NGI) Versus Netwealth Group (ASX: NWL)

  • Apr 13, 2019 AEST
  • Team Kalkine
Navigator Global (ASX: NGI) Versus Netwealth Group (ASX: NWL)

Navigator Global Investments Limited (ASX: NGI)

Navigator Global Investments Limited (ASX: NGI) had recently published its results for 6-months to December 31, 2018. During the same period, the company earned $54.8 million of management fees which reflects a rise of 45% on the prior comparative period. The primary driver of an increase in the management fees was a rise in the average total AUM. The company generates performance fees on selected commingled Funds as well as customised solutions portfolios. The performance fees of Navigator Global Investments Limited for the period amounted to $0.2 million which implies a fall of $2.2 million on the prior corresponding period. This was not unexpected considering the impact on the investment performance from the severe downturn as well as volatility across global asset classes experienced primarily over the quarter ended December 2018.

Coming to the investments, the company holds two key types of investments, i.e. investment in the Lighthouse funds as well as investment in the external entities. The company’s investments in the Lighthouse funds witnessed the fall of $0.6 million over the period and stood at $10.2 million. Navigator Global Investments Limited earlier made an announcement with regards to the expected impact on the EBITDA in 2H of this financial year because of reduction in the AUM which occurred in the quarter ended December 2018. The company has anticipated EBITDA around $36 million for FY 2019. At the time of writing (12 April 2019 AEST 02:23 PM), the stock of NGI is trading at a price of $3.035 with the market capitalisation of ~$496.17 Mn.

Netwealth Group Limited (ASX: NWL)

Netwealth Group Limited (ASX: NWL) had released their business update for the quarter ended March 2019. As per the report released, Netwealth funds under administration (or FUA) at the end of March 31, 2019 amounted to $21.1 billion which implies a rise of $2.1 billion in the quarter. During the quarter ended March 2019, the company’s funds under administration (or FUA) net inflow amounted to $0.9 billion and the market movement made up for further $1.2 billion rises. During the same period, the company released a range of new platform features as well as products which are focused towards improving the delivery of advice as well as increasing the client engagement.

Recently, Netwealth Group Limited had come forward and made an announcement that they have been notified by ANZ that they are the preferred vendor to provide the Platform as a Service (or PaaS) and Administration services to the ANZ Private. Netwealth also stated that they would continue to work with the ANZ on what future product and asset classes ANZ Private is looking to offer its clients.

We would now have a look at how both the stocks of both the companies are performing from the past few months. In the span of the previous one month, the stock of NWL had delivered the return of 3.10% and, in the span of the previous six months, it posted the return of 11.61%. At the time of writing (12 April 2019 AEST 02:26 PM), the stock of NWL is trading at a price of $8.505 with the market capitalisation of ~$2.06 Bn.


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