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
- Undervalue?
You seem to be missing some zeroes on those ETRADE numbers. They...
-
- 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
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
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 |