I’m not the Chinese app guy, I’m the ‘the government won’t stick up for companies that use pooled trusts if asic bans them’ guy. Which seems logical?
im also the ‘the desires of the users of the product seem to be at odds with the company’s need to increase its profit’ guy. (Adding phone support, for example, would increase costs, reducing the brokerage rates would make trading a loss-leader, and moving people into a cash ETF would decimate their only revenue source)
And I’m also the ‘if they don’t try to grow, or invest in continuous improvement, and instead buy back shares (using the profits that they will only make while interest rates are this high) then why would anyone expect the share price to improve’ guy.
im just here to make money buying and selling shares. Selfwealth popped up as it has been absolutely belted, and there might be a takeover, but the only companies that seem to have any money left are probably the Chinese, but they would have to be aware that people would leave, and you are correct, they may not stay in Aust long for that very reason. One of the Chinese players, Saxo, are already exiting the ASX.
So I’m pulling at strings on here to try and work out if there is any reason at all to buy this, and apart from viv’s feeble argument that Datt must have a plan, I’m struggling to see any. Interest rates are peaking or peaked, accounts seem to be peaking or peaked, more competition, etc etc.
we know you like using it, and that’s cool, but that doesn’t help investors in the stock, and last I checked this isn’t a forum for people who like using the product.
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