Link Doing Better than Expected and Balance Sheet Firepower Grows. FVE Increased to AUD 7.50
Link Administration Holdings' share price has got off to a flying start since listing in October 2015, and the company’s fiscal 2016 result did not disappoint. After conservatively maintaining prospectus proforma forecasts at the half-year result, Link beat on every line. Revenue beat by 3%, EBITDA by 5% and net profit after tax and amortisation, or NPATA, by 8%. As a result, the final dividend of AUD 8 cents per share was higher than our AUD 7.5 cent forecast. While the recovery in EBITDA margi...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.
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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