The company hold enough cash for at least 10 quarters. I follow Owen rask live stream on youtube every week. Someone asked if company was planning to add OTC, short sell, CFD feature in SWF platform. I heard the company is trying to be safe in current market condition and they think there are enough brokers to covering these feature. I expected less capex this quarter. I am not surprised with increased number of trade activities. When there is volatile in market, people trend to reshuffle portfolio and trade more. We need to see if this trading trend continue. The bear market didn't affect SWF members much and the total Aus Securities Held on HIN (bn) is still over $7.65billion, it is just 50milion (($736-$638)+($7.65-$7.17)) less than last quarter for additional 1918 members. I withdrawn $1m 2 months ago and still hold about $1m in portfolio and in cash. I am totally happy with quarterly report. I hold 219k shares and I am breakeven at current price. Glad I avg SP at 15c.
The company hold enough cash for at least 10 quarters. I follow...
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