SWF 0.00% 11.0¢ selfwealth limited

Is anyone using SWF ?, page-494

  1. 304 Posts.
    lightbulb Created with Sketch. 32
    Not a particularly liquid stock. Tends to run in bursts. I am pretty sure someone is building a position at any price under 60 cents which is why it is continuously bouncing off that price. My guess is that it will run again as we approach the next quarterly announcement.

    I am expecting to see growth continue, a spike in margin due to renegotiated OM rates kicking and as well as US trading revenue.

    I am guessing that the bad news will be that they overspent on the new app. It took WAY too long to get out and the result is underwhelming for the time and money that went into it.

    ETF is going to continue to be a drag on profitability and doesn't seem to be getting much traction. The performance just isn't there.

    Overall, the next quarterly update should be good news and the SP could get a boost as a result.
 
watchlist Created with Sketch. Add SWF (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.