OneVue Holdings Limited (ASX:OVH) released its Quarterly key business measures update for the quarter ended 30 June 2018 wherein the Fund Services Managed Funds Administration grew by 15.6% on Q-o-Q basis and 55% on Y-o-Y basis and accounted to 104,780 total number of items processed during the quarter while managed fund administration funds under administration (FUA) increased by 6.8 per cent to $503.9 Bn at the back of adding four new fund managers and positive market sentiments. The NAB fund transitions continued adding two more NAB fund managers and progressing with the additional transitions during the period. OneVue Superannuation Member Administration Services had reported an FUA of $4.37 Bn, representing 92 per cent rise on Q-o-Q basis and 123% rise on the Y-O-Y basis. This growth was boosted by recently acquired KPMG Superannuation Administration (KPMG) business and its existing clients. Platform Services retail FUA recorded at $4.39 Bn as at 30 June 2018, showing 6.6 per cent growth on Q-o-Q basis and 9.2 per cent on pcp basis. Gross quarterly inflows for June 2018 from new and existing clients of $301.3 Mn were up by 33 per cent on pcp basis, further building on the strong momentum and taking gross inflows to $1.6 Bn for the last 12 months.
With this news, the stock tumbled 5.8 per cent with the intra-trading volume of more than 1.1 Mn. The stock traded at $0.805 with the market-cap of circa $226.01 Mn as on July 31, 2018 (AEST: 2:31 P.M.).[pluginops_form template_id='23834' ]
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.
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.
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.