Little note:$100k NPAT$1.8m impairment (crypto and HK)= $1.9m...

Little note:

$100k NPAT
$1.8m impairment (crypto and HK)
= $1.9m adjusted NPAT for the HY

Note that HK was fully written down due to low expected cashflow, so it seems to have been a mistake - I for one have near 0 desire to trade HK, but a small desire for US. Not sure what user study suggested that HK would be successful. I imagine Datt having a better feel for that sort of thing - knowing what markets are popular with Australians.

Crypto is fully written down, but has potential to be written up again, if the regulatory environment starts to suit it's release.



Brokerage 72.5% -> 31.2% (market conditions, competition)
Interest 24.5% -> 66.9% (RBA)
Subscription 2.7% -> 1.8% (bit of a failure to deliver there? Even in absolute terms it was down. But trades were down, so maybe it makes some sense.)


So my scenario posted yesterday about 70:30, 30:70 is actually accurate. Meaning, it's less costly now to offer brokerage discounts/rewards etc than previously.