The mobile app has clearly been developed (it exists) and is an asset. By all means quibble on about their conservative accounting treatment of it but it's enough of an asset to have attracted that sizeable customer base (including me).
As far as your earlier comments about their outsourcing and Capital light nature (and lack of direct control over trading and banking platforms). All I can say is you're obviously not familiar with the technology used by some of the larger (non bank) platforms (with valuations much larger than SWF).
Undervalue?, page-48
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $31.34M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.0¢ | $22.64K | 165.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 39942 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 121835 | 2 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| SWF (ASX) Chart |