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11.0¢ investsmart group limited

Ann: INV June 2024 Business Update, page-4

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team12

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19/07/24

02:21

Post #: 74820984
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Originally posted by oldtimer2: ↑

Yes it’s very cheap, but will probably stay cheap. It does appear to be on the verge of being profitable, based on last quarter. Their platform software appears adequate for the task, but individual HIN model offers low scale benefits, compared to a Hub style of managed account. A flat fee approach tends to attract overly price sensitive types, who are not my favourite type of investor. The performance of the listed I.I. Products is reasonable, without shooting out the lights. Bringing Effie into the mix for running marketing is a good move, wasted talent before.

The new white label with Raas has promise, but takeup at $4m is proving harder than I expected. Margin on this?

The subscriber income is flat, so much free material around these days.

All in all, it should be trading at its lows now, and will grind higher in time, but really needs an injection of a product with more sex appeal (and margin) to break out. Maybe a takeover prospect for someone with the right new product?

I have bought a small amount recently.

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I see their IISV fund did pretty well - perhaps they'll get some press if it continues. Big if! Cheers!

INV Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 11.0¢		Change 0.000(0.00%)		Mkt cap ! $15.69M

Open	High	Low	Value	Volume
10.5¢	11.0¢	10.5¢	$18.56K	172.5K

Buyers (Bids)

No.	Vol.	Price($)
1	49	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	28590	2

View Market Depth

No.	Vol.	Price($)
1	49	0.110
1	10000	0.100
1	20000	0.097
2	38000	0.095
1	20000	0.085

Price($)	Vol.	No.
0.145	28590	2
0.150	208187	1
0.180	5000	1
0.190	50000	1
0.000	0	0

Last trade - 15.57pm 07/11/2024 (20 minute delay)

INV (ASX) Chart