IP1 time will come. We are better positioned for the changes to...

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micknleigh

1,208 Posts.

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19/04/21

09:06

Post #: 52554740
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Originally posted by norvest: ↑

Dont give up IP1ers, our potential is very alive...I believe Jocko has made a credible case for the potential of a WBC clearing house transaction. Don't underestimate the changes taking place at WBC, and the considerable time it takes to implement these changes.The record Austrac settlement for $1.3 bill is done.We know that APRA has approved WBC plan to improve its risk governance deficiencies (this plan is a court enforceable undertaking) As James Frost points out in todays AFR "...the asset sales and overhaul of its systems and processes are yet to come"
Like Jocko, I firmly believe WBC Super Clearing House function is in the mix and IP1 has positioned itself to be a leading contender (if not the only contender) to pick this business up. It isnt in IP1 interests to make any noise or talk up their chances and so this story will continue to run 'cold' until WBC sorts itself out. For a few of us on this forum who MAY have joined the dots correctly this represents one of those rare asymmetric bets that could be substantial in its return

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IP1 time will come. We are better positioned for the changes to superannuation.
I've been keeping up with the CDR changes newsletter. one line that stuck out, about two months ago was, open superannuation changes will take place 2022. Companies should be ready. unlike open banking where it has been done in stages, mostly to iron out possible issues.
IP1 is ready, we SH are ready.... the market isn't. When the stars align this this move quickly

IP1 Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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