Howdy all, fairly new to HC, and feel its probably time to...

Howdy all, fairly new to HC, and feel its probably time to participate rather than consuming.

Been with INQ for quite some time, and experienced its ups and downs (obviously down for now heh).

With this latest development, assuming the effects from board turmoil and FUA injection from WIG cancels each others out, HUB24 should have some ~$370mil FUA generating ~$5.1mil in revenue using the AGM provided figures to date. Not exactly sure how the opex and admin expenses will play out, but hopefully this will paint a better picture towards the end of FY.

I do have some doubt on WIG's $1.4b "FUA", which I somehow think its in individual accounts' HIN structure rather than In a FUA structure where a %fees get deducted on a periodical basis.

I also like to see how they're integrating the 2 tech products they have. I'm sure someone else can provide a better analysis on their Evolve trading platform, but I felt it was "next generation", e.g. WEB 2.0 when compared to some of the older platforms like IRESS. More work may need to be done, question is what do they intend to do with it.

Was anyone there at the AGM this year? It had a very somber mood and hence I didn't want to raise any question! Hope the share price (if ever) will get back to $4 a share :D