Does anyone have any idea on what CWZ is worth?
Is it a multiple of funds on the platform?
I like the space they are in. People can go on a platform and get access to TD's with a number of banks.
There appears to be significant cash burn in the annual report. $5M over the last 12 months or $2.5M over the last 6 months. $400K per month.
Presentation talks about no growth over the last 6 months.
I suppose if FUM doubles, then the share price will double with it and everyone is a winner.
FUM seems to be correlated with interest rate movements, they seem to have had great growth in the first half, but when rates decreased then so did FUM.
I saw the wages of CEO and a board member? Is 500K for a CEO excessive?
Appreciate anyone's view on the matter.
DYOR
Valaution
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