I do not support one side or the other, as I think that neither side is what SWF needs. I think that Datt's comments about "growth" are illuminating about Datt, as well as about SWF.
In my opinion, using the number of active clients as the measure of growth is a fundamental mistake. The number of clients does have some relevance but it is the number of trades that determines revenue.Realistic growth strategies would take into consideration the importance of the number of trades per client per month. In my opinion, none of the contenders appear to have satisfactorily addressed this reality.
I do agree with the first of Datt's conclusions. It is undeniable that"There is no doubt in our mind that Selfwealth can grow into a substantial and valuable Australian financial services business over time given it pursues the right strategy and product suite."
The important questions are what are the right strategies (plural, not singular), and what is the best product suite? I recommend abstaining because a high number of abstentions is the only way to send a message if you think that some strategies and the product suite are what needs to change at SWF, whoever the directors may happen to be.
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