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12.5¢ selfwealth limited

Ann: Update - Notification of buy-back - SWF, page-9

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danbradster

5,766 Posts.

1405

08/05/24

18:01

Post #: 73731734
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Originally posted by Navigator00: ↑

I think you are completely missing what is actually happening here. In fact i don't know what you are talking about.

So lets be clear. Selfwealth have just one big bank account, for everyone. They offer individual HINs but they have a pooled bank account. That means your money is in with everyone elses. So Selfwealth will be earning interest on those funds from the bank they deposit with - your funds, my funds, everyones which comes to $9.9 million in Interest Revenue according to their half yearly report. So now double that for the full year - that is just under $20 million that they are earning from funds that are - not theirs. So i am saying they should be passing that Interest Revenue onto the people who actually own the money ie the people who have Selfwealth accounts.

As far as, well why don't you draw your money out and put it somewhere else. If you have the time to constantly do that then good luck to you, i for one would just like to know i have money in the right account when i want to access it.

Which is why, even though i hold SWF stock, i have moved to the Marketech platform.

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SWF has an agreement with ANZ - ANZ has an individual account for each user's cash. Not 1 giant pooled account.

SWF Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 12.5¢		Change 0.000(0.00%)		Mkt cap ! $28.07M

Open	High	Low	Value	Volume
12.0¢	12.5¢	12.0¢	$38.98K	322.7K

Buyers (Bids)

No.	Vol.	Price($)
2	143092	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	2799	1

View Market Depth

No.	Vol.	Price($)
3	234428	0.120
3	358001	0.115
3	418818	0.110
1	2	0.105
0	0	0.000

Price($)	Vol.	No.
0.125	2799	1
0.130	163669	4
0.135	403806	9
0.140	539664	8
0.145	204000	6

Last trade - 16.10pm 28/06/2024 (20 minute delay)

SWF (ASX) Chart

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