1. See SWF every making $8m annual cash profit after tax - I...

1. See SWF every making $8m annual cash profit after tax - I certainly can see it. Take a look below. They have increased revenue by like 125% while significantly reducing their losses. Are you aware of other companies that are able to get this type of revenue increase and not burn cash? Matter of fact their cash position improved even taking away proceeds from shares (refer to cash flow statement)! Most importantly take a look ay General Admin... for an extra 10.5mil in rev they only went up 1.5 mil in those admin expenses which is great to see. Seling expenses have gone up as they are chasing new markets and trying to get a larger foothold. No hard considering how crap many of the other platforms are. If they were to achieve another 50 - 75% in revenue growth they will easily be profitable (not to the tune yet of 8mil). The question is, do they stay trading on teh ASX or does a competitor buy them out (may not be allowed as it coudl be anti competitive). Shares like this you pay based on future potential and ability to deliver... and they have shown tehy have delivered.


2. the business model of cheap brokerage every being sustainable infinitum. - it will work as they add on more offerings (eg trading in crypto) and get an increased user base. my comments below also addresses this statement


As an FYI, I increaesed my holdings today. I have requested an updated Top 20 because my gut feel is that someone large is exitting and the price has bottomed out.