Netwealth Group Limited (ASX:NWL) will look for acquisitions. Heine, Netwealth's Joint Managing Director, was speaking on a panel with the boss of rival Hub24, Andrew Alcock, at the Citi Australia and New Zealand Investment Conference about wealth platforms. Heine said the company was unlikely to embark on "transformational" acquisitions, but rather focus on smaller bolt-on deals, although he believed there would be consolidation in the industry.
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Apr. 19 | Citi Downgrades Netwealth Group to Sell from Neutral, Price Target is AU$18.65 | MT |
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-4.37% | 87.84B | |
+20.96% | 64.04B | |
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+9.86% | 43.34B | |
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+17.43% | 34.17B | |
+1.06% | 24.84B | |
-5.38% | 22.4B |
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