I totally agree @investig8 and Wrkr is way undervalued according...

I totally agree @investig8 and Wrkr is way undervalued according to the numbers unfolding from the AGM, the AGM presentation and reports done by RaaS with an 8c valuation and MST with a 7.9c valuation.


https://wrk.investorhub.com/activity-updates/wrkr-asx-wrk-raas-update-23-november-2023


https://wrk.investorhub.com/activity-updates/mst-update-post-wrkr-4c-announcement


I hope after one super fund signs... they all want on and Aussie Super renews their contract in part from Link Group's adoption of the WrkrOne digital platform. That would be a very good outcome.

I don't mind Wrkr needing funds for bums on seats to onboard members, securing more of Wrkr's future ARR!

Link Group actually has around 10 million super and pension accounts globally in the RSS devision of their services (that will also increase with HSBC Asia coming onboard). There will be some overlap of members/employees already serviced by Wrkr, but still Link Group is servicing a very high number of Australian super fund members. From memory I believe it was around 50% or more of the Australian workforce. Those member accounts will all add up to millions and millions of transactions or pay events executed by Wrkr's platform annually and Trent stated they pay by the transaction...








The more businesses and their employees, Wrkr management bring on to the Wrkr Platform for super funds pre "Pay Day Super", the greater the multiplying effect will have in the revenue figures from a quarterly, caused by the additional super contribution transactions aligning with pay. This all depends when Wrkr decides to align the two payment events.

Then of course also, the sooner businesses realise they have a whole suite of innovative and new services, including PAY at their finger tips to use, also adding to and increasing Wrkr's quarterly figures... the better!

Australia has 17 million jobs with 2.4 million churn. That's quite a decent number for onboarding and compliance moments annually recurring and as Trent has also stated, Wrkr is targeting those funds that support the higher employee turnover groups. I believe HostPlus and REST fit that description.

With 500 million PAY events annually.... I say build the WrkrPay 2.0 so robust and secure and with a. pricing point so affordable, that established Payroll Companies don't even think twice about taking the whole WrkrPay 2.0 service. (Pay and Super Contributions made easy) Like Telstra, they owned most of the critical infrastructure initially and all other companies used their service... Can Wrkr achieve just 30% of this with WrkrPay 2.0? That's quite a lot of Pay events.













https://rest.com.au/tools-advice/learning-centre/super-tips/payday-super#:~:text=Payday super is the requirement,on payday rather than quarterly.



Surely the 2 - 3 times revenue multiple caused by Pay Day Super, is enough to make investors start thinking about Wrkr's share price NOW as being undervalued..... Pay Day Super is a given, IMO.

What's that saying.... "you don't look a gift horse in the mouth".....


Cheers,

Jocko.