Report
Gareth James
EUR 101.80 For Business Accounts Only

Link offers exposure to the financial services administration sector, protected by a narrow moat.

Narrow moat-rated Link reported a solid fiscal 2017 result with underlying net profit after tax but before amortisation of acquired intangible assets, or NPATA, increasing 21% to AUD 124 million. The NPATA result was in line with our AUD 123 million forecast but at the top of management’s guidance of AUD 120 to 123 million. Management didn’t provide explicit fiscal 2018 earnings guidance but remains upbeat about the long-term outlook for the company and confident about achieving further material...
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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