ASX:HMCCapital Markets
HMC Capital (ASX:HMC) Shares Lean On Fee Growth As Losses Deepen
HMC Capital walked into this result on a strong run, with the stock up about 9% over three months and closing at A$3.26 on Wednesday. The earnings story that met that optimism was focused on fee power rather than headline profit. Operating earnings per share of A$0.404 and a 22% rise in recurring funds management revenue to A$165.5m painted the picture of a manager concentrating on fee generating assets under management growth, even as the market weighs whether that trajectory justifies the...