Domain’s Interim Result Meets Expectations Despite Leadership Turbulence
We believe the 5% Domain share price jump following the result is primarily a reflection of relief that the business isn’t underperforming following the shock resignation of CEO Anthony Catalano last month, rather than earnings exceeding expectations.Narrow-moat Domain’s interim financial result was in line with our expectations, and we retain our earnings forecasts. However, we’ve increased our fair value estimate by 3% to AUD 3.02, which reflects the time value of money impact on our financia...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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