Ann: Selfwealth FY23 Results Announcement, page-22

I mean it's barely profitable, technically, based purely on money made from interest rates which are now forecast to have peaked & if anything are leaning towards being cut. And any resultant increase in trading activity as a result of rate cuts will likely be cancelled out by lost interest revenue.

It boggles me that people are acting satisfied with a company "lucking into" free money through no actual business strategy or execution, and just ignore trading volumes being down over 40% year-on-year when cycling out of wasn't even a Covid-peak era prior benchmark anymore. For comparison, the ASX said that total trading volumes were only down 11.3% year on year.

The positives for this company are that that have a clean balance sheet & a good database of users which they could hope to sell off in a buyout. The actual product itself continues to be very 'meh'.