MJB You dont need my opinion as clearly you are the superior...

MJB

You dont need my opinion as clearly you are the superior investor

For a company like Self wealth my belief is they should trade at 10 times future earnings , and by future earnings I mean 2 years out.

My guess is that will be $4m to $8m , so purely fundamental I maintain my view is they are expensive

And

To be honest I am not sure they will achieve that profit aftr tax umber

But like After Pay and Game Boy the momentum I am talking about is this expectation rising of turnover and not the share price.

For the last year or so the expectation of future revenues etc is off the chart and on the rise and this is what I am referring to.

My issue is if it is a PE of 10 times 2023 earnings are these earnings sustainable for at least 10 years and if so what is the MOAT that SWF has.

In my view the MOAT is price $9.50 irrespective of trade and to be sure SWF can survive with such a moat is arguable

The US offer is nothing special and available in multiple places.

NO T +2 is a weak

All that said as long as the belief is revenue is off the chart the SP will probably rise as there is more people like you than me, and I am happy for now to follow that momentum