6 years in the making have lead to this moment, page-2

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mayafushi

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13/06/19

10:31

Post #: 39035448
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Originally posted by rookiekaiser: ↑

After 6 and a half years in working with ASIC and substantial review and consumer testing, DomaCom has finally released it's Equity Release product, a pivotal moment in DomaCom's trajectory.

With the equity release market being worth $30b by 2022 and DomaCom being the ONLY product out there, I expect DomaCom will extract a substantial portion of that market as FUM. More than that, with potential competitors having to undergo the same years-long review by ASIC to get a product out there, this will be a hugely defensible market for DomaCom with them have a 6-year headstart.

I can see why Ord Minett (a tier 1 firm) is beating the drums for a new $2.5 mill raising according to the AFR, with an existing well-known institutional investor doubling down on DomaCom. With the plump cash balance to take advantage of this massive, growing and untapped market, it's looking really good for DomaCom right now.

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Have a word to Domacoms CEO Arthur , He can probably set you straight on who now owns the Ord Minnet Brand Name at the moment, as he worked for Goldsacs and JP's when they partially owned the Branding, I think. According to Wiki its now Patersons, but Im pretty sure IOOf still have a holding. These houses change ownership pretty frequently as I understand never no whos got what in my view without a bit of research. Please check the following site:

https://en.wikipedia.org/wiki/Patersons_Securities

I dont know what dealings or connections Domacom has had with Ord Mins or its various owners of the "Brand", best check with them Rookie if you want to update your knowledge.

DCL Price at posting: 11.5¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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