Business
Why the Praemium (ASX:PPS) share price has rocketed 11% today // The Motley Fool Australia
The Praemium Ltd (ASX: PPS) share price jumped up over 11% following this morning’s release of the company’s December 2020 quarterly update.
Praemium offers a managed accounts platform that supports financial advisers, investment managers, institutions, accountants and product providers to administer their investments across more than 500,000 accounts.
Let’s take a closer look at today’s results.
Record breaking inflows boost the Praemium share price
The Praemium share price took off after the company announced $1.1 billion of inflows for the quarter ended December 2020. Compared to the December 2019 quarter, this is a whopping gain of 128%.
Praemium’s funds under administration (FUA) increased 10% during the quarter to…
-
Noosa News24 hours agoA Series of Pop-Ups with Marco Pierre White
-
General15 hours agoChina denies there are talks with US over tariffs
-
Noosa News22 hours ago‘Completely heartless’: Eddie Hyland Park homeless camp bulldozed during rainstorm and belongings dumped by Queensland council
-
General19 hours agoSoccer bosses kicked into court over A-League expansion