Diversified Financials

We have initiated coverage on Generation Development (GDG) with a price target of $8.20 and a Buy recommendation.

MMS released a very strong result, with FY24 Normalised Revenue/EBITDA/UNPATA growth of +12%/+35%/+38% vs pcp.

Smartpay’s AGM included a trading update that highlighted merchant conditions over April and May.

We've initiated coverage on HUB24 (HUB), a specialist investment platform provider.