Ann: Webinar -Q4 FY20 Business Activities & Cashflow 6th July 20, page-18

Historically, subscription was 2-6% of total revenue. (~6% in the half with the EOFY sale - this half, and ~2% in the other half) Your numbers seem to have it as 20%.

Your trading to interest ratio I'd generally agree with. Interest was historically the higher proportion, but lately, trades overtook it because of RBA cuts.

Not sure about absolute numbers though. But for this quarter's trades, I think 310k-360k, up from 161m in the March quarter. And traders of 49k, up from 32k.

Since you're trying to estimate 12 months out, it depends on your assumptions about growth rate going forward and how much of a post-corona pull-back there will be.

The Corona affect in March vs Jan was a 20% increase in trades per trader, and 60% rise in cash per user. When those metrics fall back to baseline, we'll need about a 40% increase in users to offset it (to stabilise at the new high, instead of partially pulling back). I'm thinking user growth was 52% this quarter, so pull-back risk seems pretty low, like user growth is more than enough to offset any pullback in metrics.