Sydney roadshow, page-147

It kind of sounds like you want us to do the work for you here.

So you called 2 financial planning practices.
One that had 4 back-office staff to 2 planners.
Saying that AMP/MyPlanner already had services to enable them to outsource the work?

I think you may be missing the obvious point that Intiger is going for MyPlanner/AMP's business in that case. Not the IFA's.
If Intiger can provide faster/cheaper outsourced services than AMP currently provide, then of course they'll switch. They pick up the IFA's business by default.

Your next point about Commbank's profits falling x% makes them a perfect candidate to outsource the back office in their financial planning arm.
In terms of adding to the services (home lending), that will come in time. Best to have the banks already on your side and then off them the product from inside.

The 40M NPAT will become more clear as the business moves.
It's counterproductive to give performance metrics (margin% etc.) when the company is building the business from the bottom.
In terms of marketing, please go back about 6 months on this thread and re-read some posts regarding the "marketing".
Or better yet, just read some posts from the recent roadshow.
IAM have had no reason to heavily market the product as yet.

Clearview honestly sound like they need Intiger's help.
MC of $1 bill, $200Mill revenue and they're only making $4 Mill NPAT?
I hope you aren't invested in that one.
Ripe for some back office outsourcing.

In term of Sentry using IRESS: Lilly/Klip can integrate with IRESS.
Do you even know what IRESS does?
Please look it up. Especially XPlan.
That deal was signed before the pilot program with IAM.
Please do some more research.

Because your businesses carry excess fat doesn't mean that's how the vast majority operate. Especially not banks.
Your revenue/profit figures from Clearview clearly indicate that they'd be screaming out to cut 40% off their back office costs.
How can you not see that?

You seriously think the only time you'd change anything is when you're under financial stress?
Let me give you an equally obscure, opposite example: When I go to the pub and see that VB is $12 a pint but Carlsberg is $10, I buy the cheaper (foreign) beer to save myself some money over the long run because I expect to be there for a while. If you want to stick around anywhere for a while, you make your dollar stretch further.
This undoubtedly proves that Intiger's services are desirable.
Obstacle overcome.

I think what you need to understand is that we've done our research.
If you think calling two IFA groups and looking at Commbank/Clearview's figures is going to give you the big picture, then you're quite mistaken.

We have no contradictory evidence because you haven't provided an argument.
You've just listed a bunch of things we already know.
There's no point of view written above to the contrary of anything we already know.


If you aren't comfortable investing, then don't.
We don't care.
That's a fact.