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HY results showed despite a lift in revenue NPAT halved due to increased expenses, something they will have to work on hard to decrease. Was starting to lift in price but the HY has sent it back down again.

They have agreed to buy the Iress Onevue business which will lift FUA by 17.5% and the terms seem to minimize risk with only $1m upfront and the rest on earn out.

This must be getting tempting for HUB or NWL.


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