Mortgage Choice Resets and Moves on Despite Increasing Industry Headwinds. FVE of AUD 1.70 Unchanged
No-moat-rated broker, Mortgage Choice is at the cross roads and has reset the business model to cope with a rapidly changing operating environment. The pre-released AUD 23.4 million fiscal 2018 cash NPAT increased 3% on fiscal 2017 and was driven by a 1.5% increase in net commission income to AUD 60 million and a 1.4% decline in operational expenses to AUD 35 million. The finally fully franked dividend of AUD 9 cents per share took total dividends to AUD 18 cents per share, 3% higher than a year...Mortgage Choice is engaged in mortgage broking. Co.'s activity includes: the provision of assistance in determining the borrowing capacities; the assessment, at the request of those borrowers, of a range of home loan or other products; and the submission of applications on behalf of prospective borrowers.
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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