Australia's Praemium at 22-month high on surge in Q2 net inflows
23/01/2025 03:13
** Praemium PPS.AX jumps 11.8% to A$0.85, highest since
March 9, 2023
** Fintech co reports Q2 net inflows of A$371 mln ($232.7
mln) vs A$139 mln in Q1
** Co's Praemium SMA scheme gets net quarterly inflows of
A$261 mln, the most in nine years
** Around 4.5 mln shares traded vs the 30-day avg of 690,803
** Stock rose as much as 15.1% earlier in the day, marking
its highest intraday pct gain since Dec. 5, 2022
** PPS rated "buy" on avg; median PT is A$0.73 – LSEG
** Stock added 88.5% in 2024
($1 = A$1.5941)
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))