My Guess Swan(any relation?), is that the capital raising will be positive. It should bring a more diverse shareholder base, I will wait and see.
Your Gripes seem to come from the Broking business and I agree it was a dog, that is why the New Chairman closed it. It was clouding the Gem of Hub24.
There are countless instances of great technology and ideas that lose money as the company starts up. Take for example REA (was 5cents now $27),Iress, SEK, CRZ, MTU etc etc.
In my opinion if Hub24 can continue to grow FUM at these rates or near these rates I am sure the market will keep backing the stock and the share price will respond accordingly.
All in my opinion
INQ Price at posting:
61.5¢ Sentiment: Buy Disclosure: Held