OneVue performing strongly and well placed to fund growth opportunities

Perpetual Equity Investment Company

Perpetual Asset Management (Australia)

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)

1 stock mentioned

Perpetual Equity Investment Company
Perpetual Asset Management (Australia)

The Perpetual Equity Investment Company Limited is an ASX listed investment company offering investors access to a portfolio of predominantly high quality Australian and global listed securities, selected by Perpetual Investment Management Limited.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter