Ann: Quarterly Activity Report and Appendix 4C, page-6

Agree with everyone above.

This can multi bag hard if people catch on.

This business has similar capabilities and AUM to those with much larger market caps (hub24, netwealth, praemium).

In a growing sector too with structural tailwinds moving away from banks more to these kind of platform providers.

Competition is tight but in that case anyway they are one of the cheapest so should actually benefit MORE than the overinflated and more expensive ones like hub24 or netwealth.

Plus I like the business plan to simplify and optimize from Don Sharp (significant shareholder around 12%) and the new CEO. All logical and well thought through (at least from my understanding of the business model).

There is always risk, but the reward/risk on this looks very promising. One of the best I have seen in my micro-cap / nano-cap investing career.

In addition to this the technicals look good as well. Stabilizing around the 5c level with some decent bid support here and coming off a multi year low which was an overshoot (in my opinion).