The broker reports and associated optimistic commentary discussed recently on HC ignore their major competitor BGL.
My industry contacts tell me that BGL is going gangbusters.
Would be very interesting to see some performance comparisons between Class and BGL, but BGL is unlisted so that is not likely I guess.
It is also interesting that BGL has picked up no less than 4 industry awards this week - Software Innovator of the Year, Best Fund Administration Software Provider, an Australian Achiever Award for Customer Service and the Fintech Breakthrough Award for Best RegTech Solution. They must be doing something right! I am very cautious about Class until I get some more information on what damage BGL is causing them.
CL1 Price at posting:
$2.26 Sentiment: Hold Disclosure: Not Held
