You seem to be missing some zeroes on those ETRADE numbers. They had revenue in 2019 of 2.8 billion and earnings of almost $1 billion with 7.2 million traders onboard. Quite a bit different to your figures and a totally different business to Selfwealth who are budget online brokers who haven't made a profit yet.
That is the main point you are missing. Selfwealth don't earn much off each trade. With all the competitors coming like Thinkmarkets, superhero and marketech to name a few I think it'll be hard for Selfwealth to justify the $120M market cap they have now even if they become the second biggest online broker in Australia. Maybe they can but price is already too high for my risk appetite.
- Forums
- ASX - By Stock
- SWF
- Undervalue?
Undervalue?, page-9
-
- There are more pages in this discussion • 66 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
Add SWF (ASX) to my watchlist
|
|||||
Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $27.86M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 12.0¢ | $425 | 3.538K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 135811 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 8860 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 135811 | 0.120 |
1 | 30000 | 0.115 |
2 | 200250 | 0.110 |
5 | 203000 | 0.105 |
4 | 210002 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 8860 | 1 |
0.130 | 50853 | 5 |
0.135 | 215220 | 10 |
0.140 | 197278 | 5 |
0.145 | 177500 | 4 |
Last trade - 13.00pm 02/08/2024 (20 minute delay) ? |
Featured News
SWF (ASX) Chart |