Good Morning Investig8, The wording tells us, in my opinion,...

First 179 Last

Share
Profile

Follow
jocko

3,665 Posts.

706

01/06/22

10:47

Post #: 61746625
Share

Originally posted by investig8 ↑

Good morning Jocko,

The waiting is what tests us as investors. So much easier to be on the other side of the curtain, managing the business and influencing the outcomes.

My Observations
1. Main deal - as too management comments; "While the overall deal continues to be negotiated we are scoping packages of work targeted to be delivered this year." It would be nice to hear about the outcome of these "packages" earlier rather than later. A positive outcome would acknowledge the depth of the relationship and the intent of the parties to move forward with the larger deal.
2. MOU with PayGroup - I don't expect much news on this relationship and or the potential of increased income for at least another two quarters.
3. As @dfc kindly posted, there should be an expected uplift in income by the end of this month from clients moving across from the (free) ClickSuper ESA service to the SMSF Hub (paid) service (as was advised by Trent in the last investors call).
4. @mignani's post that he believes management has yet to drawdown on the director's proffered loan facility, is in itself, comforting re management's control of business costs.

I recently took a capital loss on a microcap ASX investment, because management's actions and marketing led communication overtime, was not substantiated in the financial outcomes they said they would achieve. I feel no compulsion to do the same here, as the quality of management and transparency of communication is completely different.

I await patiently/impatiently for further news

Ian

Expand

Good Morning Investig8,

The wording tells us, in my opinion, like building a gas pipe out to sea, you must have prepared long in advance for such a deal. I believe this "biggest deal ever" was in IP1's sights way back before the merger, going on my research through many different announcements. Could we assume all is under control now being so close to Trent's announced timeframes? We would have already heard different, IMO. Trents statements in announcements and webinars concerning, the "biggest deal ever" not only for us, but even for the Wrkr Team is overdue and sounds like that deal is very close and has not had issues, IMO.

The evaluation from the MST report, in the screenshot below, could be telling of the future for clearing house services. Will it happen? I don't know. If Wrkr secures more transaction work in the form of members superannuation contributions and more employees move onto the Wrkr Platform, that's immediate additional revenue which could run into the millions of dollars, judging by the size of some of the larger funds. Then there's the "upsell". We know those price points for that upsell could go quite high, looking at the diagram in the other screenshot below.

@dfc's recent post is spot on and as you added we should see revenue flow from the transition to the Wrkr SMSF Hub.

This was all laid out in the MST report.

MST Access RCL@AU MST Access - WRK Initiation Report - 1Feb22.pdf

https://www.ato.gov.au/super/supers...address/register-of-smsf-messaging-providers/

Yep, all falling into place.

Jocko

Last edited by jocko: 01/06/22

WRK Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply