Way overpriced stock - poor quarterly result:
* Revenue for 6 months of $263,000
* FUM in Crypto funds of $17.8m of which $8.7m is their seed capital. So only $9m in new money including GROWTH - since Bitcoin was up a few hundred % the actual new money was probably around $3m or so. Very Very poor flows considering the boom quarter for Cryptocurrency.
So as per my previous posts - you are valuing the business excluding the Bitcoin and Cash at $43m mkt Cap minus $20.8m in Bitcoin and Cash = $22.2m - So for $263,000 in revenue for 6 months ($520k annualised) you are paying $22.2m - WAY OVERPRICED!!!
This company needs to build a Crypto ETF - having a managed fund that only Wholesale/.Spohisticated investors can access REALLY LIMITS your ability to sell the product. And this has been proven in the quarterly results.
For the December Quarter Netwealth did $2Bn of net inflows and The Digitial Fund is available on Netwealth for Wholesale investors and only wrote circa $3 or $4m in NEW flows - pretty disappointing.
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Last
4.2¢ |
Change
0.001(2.44%) |
Mkt cap ! $36.38M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.1¢ | $25.29K | 616.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 224683 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 207064 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 224683 | 0.041 |
9 | 738007 | 0.040 |
7 | 452564 | 0.039 |
10 | 704819 | 0.038 |
7 | 207000 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 207064 | 1 |
0.043 | 327997 | 4 |
0.044 | 297709 | 5 |
0.045 | 522200 | 2 |
0.046 | 462000 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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