OneVue performing strongly and well placed to fund growth opportunities

OneVue operates two businesses in the financial services sector, both of which are enjoying good momentum. Platform services, which provides investment platform functionality to financial advisers and direct investors is attracting steady inflows. The company has recently released an updated version of their product, Luminous. This investment is already showing positive signs with the addition of a new client shortly after launch. The platform business is highly scalable and offers positive operating leverage as funds under administration continue to grow. OneVue's second business is outsourced funds administration to investment managers. The company is currently transitioning a number of client wins, due to be completed by December, which will see a significant uplift to revenue. We believe this will also result in margin expansion as investments in automation and systems are scaled. Most recently, OneVue announced the acquisition of Super Managers Australia (SMA), adding another 22,000 member accounts. We believe it is a sensible acquisition with potential for efficiency gains. The company maintains a net cash balance sheet and is well placed to fund ongoing growth opportunities. (VIEW LINK)