Looking good. NEOS new business doing a lot of heavy lifting, and margins are okay but probably doesn't justify relying on this too much long-term. Direct Insurance channel the most interesting, profitable, and a key differentiator for NobleOak as a challenger brand.
They mentioned exploring direct advice on the back of QAR, and will be interesting to see how this unfolds. A lot of the tech spend at the moment hopefully will facilitate a good onboarding experience. Still a bit clunky on the website, have to put in email and mobile details before getting any value.
Will there be another marketing blitz once the omni-channel customer site is up and running next month?
Interesting to compare valuation and business model with ClearView who are reshaping up as a key competitor, albeit through the traditional adviser channel. They seem to be getting decent new biz market share (albeit less than NEOS it seems at this stage).
Ann: Half Year Results Presentation, page-2
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Last
$1.34 |
Change
-0.040(2.90%) |
Mkt cap ! $116.1M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.35 | $1.34 | $15.97K | 11.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10662 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 896 | 1 |
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| Last trade - 14.26pm 04/07/2024 (20 minute delay) ? |
| NOL (ASX) Chart |