Report
Gareth James
EUR 100.00 For Business Accounts Only

Link's Investment in Pexa Adds a Strong Growth Business to the Portfolio

Narrow-moat-rated Link’s fiscal 2018 result was its first to include earnings from Capita Asset Services, or CAS, which was acquired for AUD 1.5 billion in November 2017 and has since been renamed Link Asset Services, or LAS. The 54% increase in revenue was mainly due to the eight-month contribution from LAS and was in line with our forecasts. Without LAS, revenue rose by just 2%, also in line with our forecast and affected by various factors such as client losses and the repricing of the Superp...
Underlying
Link Administration Holdings Ltd.

Link Administration Holdings provides technology-enabled outsourced administration services to companies, asset owners, and trustees in Australia. Co. operates through Fund Administration, Corporate Markets, and Information, Digital, and Data Services segment. The Fund Administration segment provides administration services to superannuation funds; Corporate Markets offers a comprehensive and integrated corporate market offering that connects issuers with their stakeholders; and Information, Digital, and Data Services provides core services of development and maintenance of proprietary IT systems and platforms.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Gareth James

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