FGL 2.17% 4.7¢ frugl group limited

Ann: Wangle Suspension Update, page-76

  1. 783 Posts.
    I largely agree. But my point still stands that as OpenVPN and WGL are not mutually exclusive they can not be used as a comparison or target audience. We should be focusing on those other companies that provide mobile data reduction and/or increased speed that we will be competing against for market share.

    As you point out OpenVPN users may use both. But I would see it as a very minute percentage that would opt to pay for two VPN's when there are already free data / speed savers available. Most decent VPN services offer mobile apps as part of the package that you pay for.

    Finally we have another point which is bought up fairly regularly. The population that doesn't have access to 4g. When 65-70% of Australias population is based in the capital cities then you start significantly cutting down our real customer base. Now when we only need ~35,000 to break even this isn't a huge issue. It does however preclude WGL from being a stock that is suddenly going to set the world on fire. With mine activity slowing and the exponential growth of cities like Sydney this starts to cut down even further the amount of people that would be willing to pay for a mobile VPN service. With the limited benefits seen on 4g and the emerging 5g and slow spread of 4g across more and more of the population what sort of life span would WGL expect.

    And before people get upset Im not down ramping, I'm not paid by any one to comment, I am not interested in buying more at lower prices. What I am interested in is some intelligent discussion around the pros and cons of the product/management.

    I signed up for this and would use it IF it worked as previously advertised. The fact of the matter is it doesn't and some balance needs to be provided to some of the senseless ramping that goes on here.
 
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