They just need to cut all the silly stuff like HK trading,...

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polarbear666

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27/07/23

09:44

Post #: 69006310
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Originally posted by optimistus: ↑

Totally, and what's the problem with that?

We've moved to a situation where interest rates are normalising, overall market activity is probably below average and likely to increase and they get some revenue from Premium subscriptions.

They will now presumably review this mix under new management to refine the mix to compete and promote growth. During this period they're making good cash while at least one of their main competitors is probably burning cash unsustainably. The current situation would be a problem if they were unprofitable or if conditions were turning against them but as it is they can take stock and chart a path to new growth (hopefully without burning cash on low ROI investments like HK Trading).

Like I said. What's the problem?

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They just need to cut all the silly stuff like HK trading, crypto, etc. Write it down to zero. Focus on OZ and USA trading and redo the app to copy the standard style of watchlist, trading from comsec / stake. Cut all the extra staff from all the silly Social trading stuff that nobody cares about. Offer interest on USA cash accounts and Australian ones, even if it's just 2% and watch the money roll in.

Sadly, i won't be CEO and turn it around in about 6 months ...

SWF Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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They just need to cut all the silly stuff like HK trading,...

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