According to FUNDER website data,
94 mutual funds hold NIS 56.7 million in Meitav Dash
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in the holdings of the mutual funds in Meitav Dash according to FUNDER-MVF data
The net profit for 2020 was NIS 192 million, an increase of about 100%, compared to NIS 96 million last year;
EBITDA neutralized in 2020 amounted to NIS 349 million, an increase of 20%, compared with NIS 291 million last year;
The company’s revenues in the current quarter amounted to NIS 298 million, an increase of 28%, compared with NIS 233 million in the corresponding quarter last year; The company has shown a consistent increase in revenue in recent years.
In light of the company’s results, the company’s board of directors decided to distribute a dividend of NIS 30 million, in addition to a NIS 20 million dividend distributed in the previous quarter and in addition to a repurchase of NIS 21 million shares made during the Corona crisis.
Best Dash Trade
One of the interesting parts of the Meitav Dash report is the increase in the number of Meitav Trade customers, which increased by 13,000 in 2020. The income from this activity already reaches NIS 99 million. An increase of about 50% +. The report reads as follows: “During 2020, there was an increase in the rate of new customers’ recruitment of Meitav Dash Trade. The outbreak of the corona virus and fluctuations in world stock markets at the beginning of the corona crisis combined with marketing activity accelerated the customer recruitment process.” The new entrants are characterized by a younger age in relation to the existing customers of the TASE member. In 2020, about 13,000 new customers joined Meitav Dash Trade, with a total of 4.5 years of customer accounts. The customer base is built as a layer upon layer in a way that does not create dependence on which of the segment’s customers. The total number of customers’ assets as of the end of 2020 is approximately NIS 20 billion.
Here are details about the number of customer accounts at Meitav Dash Trade:
Accounts at Best Dash Trade *
To the end of 2020 36,874
To the end of 2019 26,215
At the end of 2018 22,748
* Does not include trust accounts. Including IRA Accounts “
Ilan Raviv, CEO of Meitav Dash Investments: “We conclude an excellent year in the face of the challenges we, like the rest of the world, have had to face. The achievements are especially noticeable in light of the fact that we proactively managed our activities, and took care to adjust the organization’s spending structure.” , Market uncertainty and a vague future.
The growth we experienced during the fourth quarter continues into the first quarter of 2021 and we are working to maintain this trend for the rest of the year. The results of all operating segments led to revenues crossing a threshold of NIS 1 billion for the first time, while cultivating the company’s growth engines in the field of trade, credit and alternative investments. In addition, we presented good returns and recruits in the current savings that constitute the core of the company’s business.
Along with organic growth, we continue to implement a strategy of mergers and acquisitions and in the last month we have acquired the new pension funds of Hellman Aldubi and will continue to examine additional acquisitions. I would like to take this opportunity to thank our employees for their dedication and dedication during this difficult time. “
Results of Meitav Dash Investment House for the fourth quarter and for 2020:
Revenues in 2020 amounted to a peak of NIS 995 million, an increase of 8%, compared with revenues of NIS 925 million in 2019. Revenues including nostro activities amounted to NIS 1,014 million per year.
Revenues in the fourth quarter of 2020 amounted to NIS 298 million, an increase of 28%, compared with revenues of NIS 233 million in the corresponding quarter last year. Most of the increase in the reporting period is due to income from the stock exchange member and Peninsula, with the purchase of the credit portfolio for diamond dealers from Union Bank.
The EBITDA neutralized in 2020 amounted to NIS 349 million, an increase of 20% compared to NIS 291 million in the previous year. The EBITDA neutralized in the fourth quarter of 2020 amounted to NIS 115 million, an increase of 77% compared to NIS 65 million in the corresponding quarter last year. The increase is mainly due to the member of the stock exchange sector, the non-bank credit sector and nostro margins.
The net profit for 2020 doubled to NIS 192 million, compared with NIS 96 million in the corresponding period last year. Net income for the fourth quarter of 2020 amounted to NIS 117 million, compared with NIS 14 million in the corresponding quarter last year, an increase of 736%. Most of the increase is due to a capital gain of NIS 76 million in light of a decrease in liquidity control, which also in neutralization the company presents a profit of NIS 41 million, reflecting a growth of 193%.
The volume of provident and pension fund assets managed by the company as of December 31, 2020 increased by 4.4% to NIS 59.7 billion, compared with NIS 57.2 billion on December 31, 2019. In 2021, growth in managed assets continued, and as of March 10, 2121, the volume of assets amounted to approximately NIS 61.6 billion. Following the balance sheet date, a transaction was signed for the acquisition of Hellman Aldubi’s pension funds, which is expected to lead to an additional contribution to income, profit and the volume of assets.
Revenues in 2020 in the long-term savings segment amounted to NIS 302 million, compared with NIS 318 million in 2019. Revenues in the quarter amounted to NIS 77 million, compared with NIS 81 million in the corresponding quarter last year. The provident sector continues to face an erosion in the average management fee rate, which is offset by an increase in the volume of assets under management.
Revenues from the current savings segment amounted to NIS 323 million in 2020, a decrease of 6%, compared with NIS 342 million in the corresponding period last year. Revenues in the fourth quarter of 2020 amounted to NIS 82 million, a decrease of 3.5%, compared with NIS 85 million in the corresponding quarter last year.
The results were affected by massive redemptions in the mutual fund industry during the first half of the year, most of which were offset against fundraising in the second half of 2020. As of the date of publication of the report, the company’s mutual funds returned to their level on the eve of the corona crisis.
Revenues in 2020 in the Member of the TASE segment amounted to NIS 99 million, compared with NIS 66 million in 2020, an increase of 50%. Revenues in the quarter amounted to NIS 28 million, compared with NIS 17 million in the corresponding quarter last year, an increase of 65%. The stock exchange member sector enjoys accelerated growth in 2020 and increased customer recruitment and is a growth engine for the company also in 2021.
The volume of assets under management at the end of the fourth quarter of 2020 amounted to a peak of NIS 146 billion, compared with the volume of assets at the end of the fourth quarter of 2019, in the amount of NIS 136 billion. As of the date of publication of the report, the total assets are NIS 151 billion.