SWF 3.70% 14.0¢ selfwealth limited

I had a look at this stock a few months ago. I didn't buy as...

  1. 174 Posts.
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    I had a look at this stock a few months ago. I didn't buy as there were too many red flags for me. I made a lot of money with Etrade so I have a good feel for how stockbroking businesses work. The biggest problem with this one is that 80% of the costs of each trade are fixed. They get charged approx. $8 for every trade they undertake. That only leaves $2 to cover the costs of running the business and your eventual profit. I assumed the interest they earned covered the fixed costs of the business. I ran the numbers for 3 years out and gave them a 25% market share and found the stock at current prices was priced for perfection. If competitors don't react, they reduce the fixed prices they are charged and introduce new fees then maybe it would work out to be a reasonable investment. I decided it was too risky.
 
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(20min delay)
Last
14.0¢
Change
0.005(3.70%)
Mkt cap ! $32.80M
Open High Low Value Volume
14.0¢ 14.0¢ 14.0¢ $21.97K 156.9K

Buyers (Bids)

No. Vol. Price($)
3 197999 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 14939 1
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
14.0¢
  Change
0.005 ( 3.70 %)
Open High Low Volume
13.5¢ 14.0¢ 13.5¢ 44006
Last updated 15.25pm 28/03/2024 ?
SWF (ASX) Chart
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