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12.5¢ selfwealth limited

Ann: Quarterly Activities Report and Appendix 4C, page-24

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vivRookie

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24/01/23

15:24

Post #: 65855242
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Originally posted by Navigator00: ↑

Sorry I'm out today. The only thing they have going for them is the $10m in the bank which is slowly getting eaten away.
The transfer from Open Markets to FNZ will be a nightmare. To transfer that many accounts across and not expect any hiccups is wishful thinking.
Now they have reduced their marketing so getting new clients will be very difficult as we operate in a time where everyone is very nervous about what the future of the markets holds for us all, thereby making it even more difficult to generate some decent revenues. This is all compounded by a very high operational cost that makes the future even more arduous.
They have no strategy with a business model that clearly cannot pay for itself and it is only a matter of time before ASIC say you can't scrape interest from clients accounts and you're done.
Looks like I will be signing up for Marketech which has the same $10 brokerage rate or Stake which is $3,but the platform needs a lot of work to be good.Commsec is rubbish and they charge waaaaaay too much.

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Bye bye and good luck. Happy with the transfer to FNZ opening up overseas markets with better platforms.

SWF Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 12.5¢		Change 0.000(0.00%)		Mkt cap ! $29.02M

Open	High	Low	Value	Volume
12.5¢	12.5¢	12.5¢	$1.25K	10K

Buyers (Bids)

No.	Vol.	Price($)
4	154214	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	6451	1

View Market Depth

No.	Vol.	Price($)
4	154214	0.120
5	171401	0.115
4	324545	0.110
3	81000	0.105
3	41980	0.100

Price($)	Vol.	No.
0.125	6451	1
0.130	86722	2
0.135	138960	5
0.140	304026	10
0.145	209001	6

Last trade - 13.09pm 02/09/2024 (20 minute delay)

SWF (ASX) Chart