Ann: Q4 FY20 Webinar - 6th July at 11am, page-7

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Trentosmentos

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06/07/20

13:27

Post #: 45669127
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Originally posted by danbradster: ↑

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.

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Mmmm the forex spread is nice but $9.50 usd a trade is still semi expensive for what is out there. Better than although better than commsec for sure ...
SWF Price at posting: 57.5¢ Sentiment: Buy Disclosure: Held
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Ann: Q4 FY20 Webinar - 6th July at 11am, page-7

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