Ann: Notice of 2022 AGM date, page-2

The SP is flat since RBA started raising from 0.1% to 2.35%+.

I guess people are uncertain of the effect of the raises. So people not rushing to buy yet (as recent quarters shows cash burn, unlike if they started showing strong cashflow positive after another quarter or two).

It is highly likely to be a positive, since it was a negative for the revenue & finances when RBA cut to 0.1%.

But I guess people are having trouble estimating the magnitude, and predicting whether management have actually stopped increasing (staff/marketing) expenses now.

No cashflow positive result has showed up to convince people yet, as the raises were so quick, so not yet able to flow through for a full quarter.

Sept is the first quarter where it will have a moderate-strong impact. Dec should have a near full impact, but with seasonally low usage. March would be the first actual full impact quarter.

Sep should give a guide guidance of the impact though, and potentially a return to cashflow positive.