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Disappointing Link Group sees more super withdrawals – The Australian Financial Review
Link Group shares fell 10 per cent after delivering its annual numbers, but one major investor says the market is missing the point.
Mr McMurtrie said the company would not be raising capital.
Yarra Capital’s head of Australian Equities, Dion Hershan, said he was surprised at the market response, given the strong performance of online real estate processing platform PEXA. Link owns 44.2 per cent of PEXA, which is also owned by Morgan Stanley Infrastructure Partners.
“For most investors this has been a disappointing stock … it’s trading down 40 per cent on the IPO price and you can sense the frustration,” Mr Hershan said.
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