NWL
NWL
FY23 Results
Pinned straw:
Netwealth released their FY23 results yesterday. From their presentation:
I thought this was a pretty solid result with a return to bottom line growth of over 20%. They are taking advantage of a structural shift away from the legacy funds management platforms. Still only a 6.7% market share currently.
Disc: Held IRL. Not held on Strawman.
@BoredSaint Thanks for the commentary. Now a holder after some unusual volatlity on this the last few days.
Am attracted by the fund inflows although it seems to have tapered off. However the result is good when you compare against the others.
But It is priced to perfection even if Netwealth is the leading platform.
Held
15