Netwealth shares surge 12% as record inflows power earnings growth

Netwealth jumps 12% on record inflows- Is it a Buy now?

Netwealth’s record inflows are strong, but valuation is tight Netwealth Group (ASX: NWL) jumped 12 per cent on Wednesday after posting record half-year results. Revenue rose nearly 25 per cent to A$193.8 million, the company pulled in a record A$16.4 billion in new client money, and funds under administration swelled to A$125.6 billion. Yet even…

Netwealth Shares Surge After Solid Result

Netwealth has reported a strong December half result, according to RBC Capital Markets analyst Wei-Weng Chen. The company saw low single-digit beats across revenue, EBITDA, PBT, and dividends. Netwealth is a financial services company that provides investment management and administration services. It offers a platform for financial intermediaries and their clients. EBITDA margins aligned with market forecasts, boosted by a $1.5 million gain fro…

Netwealth shares surge 12% as record inflows power earnings growth

Netwealth Group Ltd (ASX: NWL) shares have jumped 12% as at the time of writing on Wednesday after the wealth platform provider delivered a standout half-year result, highlighted by record inflows and strong double-digit revenue growth. Prior to the announcement, Netwealth shares had underperformed the broader S&P/ASX 200 Index (ASX: XJO) and were down almost 30% over the past 12 months. Today's result and the share price reaction are therefore …