MENU

Praemium Ltd (ASX:PPS) shares climb on news of million dollar client

Praemium Ltd (ASX: PPS), the leading provider of investment administration technology platforms, has announced a contract extension for one of its major clients.

According to the announcement, JBWere has extended its agreement for Praemium to provide reporting solutions to its wealth management client portfolios for a further two years. Praemium shares were up 2% yesterday following the announcement.

The contract has an annual value over $1 million. This is significant given Praemium’s FY 2017 revenue was $34 million.

Praemium had funds under administration of $7.8 billion as at the end of the March quarter.

Over the last couple of years, Praemium has been a top performing business, along with other fintech high flyers Bravura Solutions Ltd (ASX: BVS) and Hub24 Ltd (ASX: HUB).

Whilst Praemium is an exciting business, these 3 revolutionary companies could also perform very well for your portfolio.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can follow Kevin on Twitter @KevinGandiya.

The Motley Fool Australia owns shares of Bravura Solutions Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now