i think balance sheet stinks; the co was unable to make hay while the sun shined & was forced to CR @ 12-month low!
now competitors are everywhere because management did not innovative for years! they can't even develop an app correctly:
BTW, OpenTrader is 4th largest retail stockbroker by volume, & they appear to have +100k customers already. OpenTrader is owned by OpenMarkets (OMG). SelfWealth have engaged OMG as their market participant & have multi-year contract with them. i think it's impossible for SWF to compete against OMG on much: not price, technology, platform, nor customer service in the long-term... OMG is also expected to IPO soon, but SWF should be more worried about Money by Afterpay (expected to be banking, share & crypto investment app) & Zip's foray into share trading.
also, what is the hope that SWF's crypto product could be competitive against CoinSpot.com.au (just announced +2 million Australian customers), or Swyftx.com.au that are now +30 staff & offer +280 cryptocurrencies: these headwinds are just the tip of the iceberg because there's also Superhero who recently announced they now have +125k customers, & Stake is launching $3 unlimited trade size soon: on individual HIN/CHESS sponsored. plus Stake "will be equipped with the ability to transfer your ASX portfolio via our fully digital patent-pending ASX portfolio transfer method. The transfer process takes just minutes to initiate. There's also no paperwork required and we do the heavy lifting with the broker you're moving from!" <--- might cause exodus from SWF to Stake, if it's as easy as it sounds!
SWF needs to up their game, STAT!
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12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $28.96M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.5¢ | $900 | 7.196K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 100000 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 77800 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.125 |
7 | 205748 | 0.120 |
2 | 150434 | 0.115 |
4 | 155445 | 0.110 |
4 | 98391 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 77800 | 5 |
0.140 | 464541 | 10 |
0.145 | 316803 | 5 |
0.150 | 1195906 | 5 |
0.155 | 14000 | 2 |
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