XPL 0.00% 21.0¢ xplore wealth limited

It has been a very poor decision to switch from Hub at $15 to...

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  1. 1,256 Posts.
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    It has been a very poor decision to switch from Hub at $15 to XPL at 20c. However, to suggest it is in terminal decline is incorrect. The share price has fallen because successive top 20 shareholders have been selling with limited appetite from new and existing shareholders. The integration of Linear was poorly managed, and has pulled down the profitability and threatened viability. The RCTI and sale of a planning operation has restored some cash. The clients are proving stable, and the new MD has the pedigree to create the back house changes to Linear to both improve efficiency and inhouse morale. At 1/400th of the mkt cap of HUB at one point last month, the opportunity remains if they can get their act together. I am not on the payroll, but I do think we have now seen the low.
 
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