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NWL - Netwealth News Story

A$7.46 0.2  3.2%

Last Trade - 2:50am

Sector
Industrials
Size
Mid Cap
Market Cap £842.9m
Enterprise Value £806.2m
Revenue £52.3m
Position in Universe 164th / 1836

BUZZ-Australia's Netwealth set for worst day in over 1 month on weak margin outlook

Wed 13th November, 2019 3:46am
** Shares of Netwealth Group  NWL.AX  fall as much as 5.4%
to A$8.87, posting their biggest intraday percentage drop since
Oct 11
    ** The fund manager expects FY2020 core earnings margin to
be lower than last year's level  urn:newsml:reuters.com:*:nASX79C62s
    ** Says expects weaker margin partly due to new business
being won at "pricing below retail rate card" 
    ** Stock hits lowest since Nov 1, among biggest percentage
losers on the S&P ASX 200 index  .AXJO 
    ** Stock had risen 24.6% this year, as of last close,
compared with a 19.6% increase in the benchmark index  .AXJO 

 ((Devika.Syamnath@thomsonreuters.com; +91 80 6749 1130;))
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