Company Report
Last edited 4 months ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#176
Performance (57m)
10.6% pa
Followed by
40
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Last edited 4 months ago
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#Subtle Change
stale
Added 2 years ago

Recently SWF ditched Open Markets for FNZ securities. FNZ securities has a feature that automatically instructs clients share registries to pay dividends directly to their self wealth bank account. This has slipped under the radar but has probably been a small stroke of genius, provided it hasn't ticked off too many clients. I personally think it's pretty convenient, and should help alleviate point number 3 below.

Not 100% sure what to make of SWF's business prospects at the moment but note the following:

  1. Cashflow positive
  2. Organic growth is slowing, and possibly flat.
  3. People are moving cash of the platform because it is earning no interest .
  4. Datt Capital owns a lot of shares.
  5. They have about $10mil in cash

I think this could be a candidate for a merger or acquisition. Watch this space.