SEQ

2.10%

35.0¢ sequoia financial group ltd

Ann: Section 203D Notice, page-20

First 20 Last

Share
Profile

Follow
vivRookie

6,357 Posts.

579

03/04/24

19:18

Post #: 73174688
Share

Originally posted by joewolf: ↑

Well I really did not think this would happen. I dont hold anymore yet we held a very large and I think in the millions of shares.
I used to support this company, bought some of the shares the pirate companies held in SEQ ( or so I noticed on the drop in top 20 holders at the time). Purchased some shares an ex senior executive sold. I believed in the dream.
I hated Morrison's as I felt it was in a business that had little to do with the core SEQ business. I thought that the funds tied up in it could be used to get more planning businesses. On that issue I wrong - GC got a price that was way more than I thought it was worth.
So why get out - because each year the plan seemed to get more confused. I had for a long time been shouting that with more regulation we needed a consolidation in the industry and I wondered why you could not put a CAF , WTL and SEQ together. These sort of industries get more and more regulated. Your cost of compliance, in my opinion, is a fixed cost you amortise over the planners. I wanted 800 planners, that was what the original early data suggested - Libertas was great but then it needed a big consolidation in the industry. There are ROBO advise systems that will emerge as the cost of advice is high.
I saw SEQ acquire Share cafe after already owning FNN. I saw family office acquisitions but the number of planners stayed roughly the same. I lost faith in this process whilst CAF and WTL made acquisitions.
I even put in posts on HC supporting GC and the team but over time I started to lose faith. I didnt want the large dividends I wanted critical mass.
Until now I have not posted since becoming disillusioned but this company, in my opinion, lost its way.
I know MG of GC1 and wont defend his performance - I sold out of that as well. However, I think that the Jones parties have long held shares and this isnt the first challenge, although the previous one was under 249d if memory serves. Do your research. The then MD resigned to pursue other interests if my memory is correct.
Personally, I feel that this is a good platform but I think that you should be measuring present management on what acquisitions they made and where they are today and yes also the great price they got for Morrison's - however they did not buy Morrison's if my memory is correct.
So what happened to the insurance claim we were supposed to get paid back to us from and by the insurance company. I have not followed this company closely because I no longer believed but before everyone starts putting in comments - understand that these attacks by shareholders are not done lightly and especially by shareholders who have been involved for many years. Maybe there is merit is stepping back and just listening before jumping either way.

Expand

Just shows you the market acts in contrarian ways. No amount of rational analysis of the company's past failures explains this jump.What I see is that it's a debt-free company with cash to distribute.

SEQ Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

What each US election outcome would mean for Australian companies & investors

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

First 20 Last

Add SEQ (ASX) to my watchlist

(20min delay)
Last 35.0¢		Change -0.008(2.10%)		Mkt cap ! $43.44M

Open	High	Low	Value	Volume
36.5¢	36.5¢	34.5¢	$79.91K	227.9K

Buyers (Bids)

No.	Vol.	Price($)
3	24597	35.0¢

Sellers (Offers)

Price($)	Vol.	No.
35.5¢	2000	1

View Market Depth

No.	Vol.	Price($)
1	7999	0.350
2	41612	0.345
2	144117	0.340
1	8958	0.335
1	10000	0.320

Price($)	Vol.	No.
0.355	2000	1
0.370	42551	4
0.375	14732	1
0.380	82941	2
0.385	69000	2

Last trade - 16.10pm 01/11/2024 (20 minute delay)

SEQ (ASX) Chart

Ann: Section 203D Notice, page-20

Making money: How many microcaps should be in an investor's portfolio?

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

What each US election outcome would mean for Australian companies & investors

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Section 203D Notice, page-20

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

What each US election outcome would mean for Australian companies & investors

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News