SWF selfwealth limited

Since the staff costs etc should be about the same as Dec, but...

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    Since the staff costs etc should be about the same as Dec, but trades and client cash are up drastically, cashflow has a high chance of improving (plus the prior quarter having some annual ETF payments).

    Trades: Feb vs Jan, ASX trades up 19.2%, SWF up 28.7%, the outperformance suggesting increased market share.
    Users: Quite exceptional (Jan-Feb already beating the record Sept quarter's user growth), and a little above my expectations. Could they be getting somewhat more than 25% of new and changing traders?
    Client Cash: A lot above my expectations. But it can be explained by the 'cash per active trader' metric rising above trend, from $6200 in Dec to $6900 in Jan to $8600 in Feb. Meaning that it looks like a temporary spike while people either deposit money to buy the Corona crash, or sell shares. Either way, it helps to offset the RBA cut and then some, at least for this quarter.
    Trader Per Trader: Rose above trend from 1.21-1.45 up to 1.68 in Feb. This is about in line with ASX's increase in trades. Corona spike.
    Revenue: No number given.

    They say no updates until the full year, but I guess they still have to release the quarterly. Jan and Feb were the spike months anyway, so the following months could have a pull-back in some metrics, and wouldn't look good for release anyway.
 
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