This is going to be huge for SFE ... once Comsec clients get access to the CFD market the growth in this area will be astonomical.
Even though E-Trade has recently offered CFD trading once the Comsec / SFE show gets under way before mid 2006 they will monopolise CFD trading just as they do online share trading.
This new revenue growth for SFE will be a major driver of its s/p.
Smart move.
I got into this one post announcement at 12.81 and am happy to just hold SFE ... it had already fallen some 16% from its previous highs and now, i reckon represents outstanding long term value.
Keep your eye on this one - it's been well and truly re-birthed.
SFE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held