Q: Could I please have your thoughts on the recent quarter?I think I know your thoughts on the company but maybe you guys see some positives.
Thx
Thx
5i Research Answer:
EPS of 23c beat estimates of 22c; revenue of $167M marginally beat estimates. Organic asset growth was good at $900M. EBITDA margin rose to 30%. AUM increased 4% compared to the Q2 but was flat year over year, despite the market's big gains. Revenue rose 2.1%. Debt did decline and some improvements were made to the cost structure. Still, investors remain skeptical. Even with the dividend cut this year, yield is back above 7%. Down 32% on the year, it remains very hard to be positive here.