Once competitors start cutting its like a race to the bottom so existing brokers will resist unless they really start losing market share.
At $9.50/trade profitability is marginal and it's very much a volume game. Can they get enough critical mass to start turning a serious dollar? Or justify a takeover offer? Dunno but they still have an awful lot to prove to justify a $120m valuation.
Ann: AGM FY20 presentation, page-23
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.86M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24147 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 286540 | 3 |
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| Last trade - 16.12pm 19/07/2024 (20 minute delay) ? |
| SWF (ASX) Chart |
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