** Praemium PPS.AX jumps 11.8% to A$0.85, highest since March 9, 2023
** Fintech co reports Q2 net inflows of A$371 mln ($232.7 mln) vs A$139 mln in Q1
** Co's Praemium SMA scheme gets net quarterly inflows of A$261 mln, the most in nine years
** Around 4.5 mln shares traded vs the 30-day avg of 690,803
** Stock rose as much as 15.1% earlier in the day, marking its highest intraday pct gain since Dec. 5, 2022
** PPS rated "buy" on avg; median PT is A$0.73 – LSEG
** Stock added 88.5% in 2024
($1 = A$1.5941)
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.