There is probably more info in other announcements, but the last JBL half-year had this (
https://www.nsxa.com.au/ftp/news/021732824.PDF) and that was my starting point:
"JBF owns:
• 100% of JB Markets Pty Ltd (formerly Aliom Pty Ltd), acquired 1 August 2016.
• 80.6% of Kings Currency Exchange Pty Ltd, acquired in two tranches late in 2016.
• 83.3% of Harnewei Pty Ltd, acquired in two tranches in late 2016."
I haven't looked much into the broking arm yet (JB Markets, formerly Aliom) but they have a web presence as a good starting point (nothing that the site's design is very similar to HML/BHD/etc...):
http://www.jbmarkets.com.au/contact-us/. Also note the Bris and Syd presence, and the Bris address is the same as the newly updated HML/BHD address.
The thing I've wondered is why the hot term "fintech" keeps getting thrown around and whether there's any substance there apart from the offering of online broking. To me that doesn't count as fintech (I'm a software developer and have worked in the fintech space in Sydney).
Kings currency operates Crown Currency Exchange (
http://crowncurrency.com.au/contact/) among others and has outlets throughout SE QLD (
http://crowncurrency.com.au/locations/).
Googling for Harnewei brings up a Surfers Paradise address but no info on what it is. The location gels with some of the other SEQ / Gold Coast links that come up on the food side of things (Shinsagei food and the proposed Johnny Rockets franchises - JR Restaurants is another of the unlisted investments, and see this announcement here
https://www.fastcasual.com/news/johnny-rockets-to-open-100-australian-units/).
I've been meaning to delve a bit more and try get this all straight, but it seems like Stuart has his finger in all of these pies and presumably JB Markets provides broking to JBL.
Certainly there's been some criticism of these unlisted investments in HML threads, it's a bit of a web and obviously valuations can be subjective. One plus for BHD is that its 'high conviction' style should result in a smaller pool of investments (nothing though that unlisted investments are still allowed).
I'm not sure this has added too much, but I hope it helps a bit! You could probably contact the company and get more detail. I might ask about Harnewei myself if I get a chance, it's the one with the least info out there.
