Presentation Summary (anything new I noticed):1200 prepaid...

Presentation Summary (anything new I noticed):

• 1200 prepaid subscriptions from EOFY Sale - $280k
• June - record 1 week - 36k trades.
• First ~10800 trade day 12 June.
• Trades: 96k Apr, 110k May, 134k June.
• June - Fastest trades growth since March.
• Cash peaked 395m, finished june 366m.
• Now 8-9k per client cash balance, peaked at 12k in march, historical 5-6k.
• 1000+ new clients a week.
• All senior devs working on international. Pilot release in August-Sept. Full release Oct-Nov-Dec. Advertise pre-registrations in August.
• Expect 10% of clients to take it up. CEO thinks more.
• International can boost domestic sign-ups too, by removing a disagreement factor from sign-ups.
• Investing into the app. End of next quarter (Sept? Dec?)
• Investing money into international (how? advertising?).Improving subscription to improve from the current 3% takeup. Adding features, research, data.
• Options for 2 more international markets, after US.
• $9.50 USD fee structure. Saving customers money by cheaper FOREX. Phillip Capital having a deal of 60 basis points spread on FOREX. Cheaper than lots of other competitors' spread.
• After international, customers ask for live data - SWF want to provide it, but have to consider what to charge. Before end of the year. Part of the changed subscription model.
• Signed long-term deal with Refinitiv. About local and US data too, plus other research data. Even free users will get some more data.
• Mar-Jun - 90% of client applications are approved automatically, 10% need support or documents. Hired 3 more casual CS staff.
• End of June, most delays are gone, but some HIN transfer delays etc still exist.
• Hiring senior CS staff. Jarrod put Seek ad too - full time CS, $60-70k, Melbourne.
• 25 total staff including non-exec directors. Plug and play scaleable IT company. Needs good partners. ANZ, Lad Group, OM are the main ones. Seeking price benefits from increased volume. Some progress made.