I went to the AGM today and was deeply encouraged with what i heard.
1.Cash burn gone from $1.8 million in march quarter to $1.2 mill in the june quarter and it looks like the burn for this quarter will be $700,000.
2.The business is growing very strongly and now getting at least 15% of new online broking accounts being opened .
3.Money in share bank accounts now over $60 million.
4.25% of new business coming from referrals so marketing spend is reducing considerably.
5.Etf starting in new year .
Based on the above i think this company will be cash flow positive in the June 2019 quarter .
Ann: 2018 AGM Presentation, page-2
Add SWF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $29.00M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $4.351K | 34.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24440 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 5991 | 1 |
View Market Depth
| Last trade - 14.11pm 26/09/2024 (20 minute delay) ? |
| SWF (ASX) Chart |