Pretty accurate post there George. I have heard a rumour only...

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21/12/16

09:57

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Originally posted by George57 ↑

Lots of rumours out there in the SMSF market. BGL still claims around 70% of funds on their desktop product. This would be around 400k funds - but hey maybe this is wrong and they have 300k on their desktop. Rumour also has it they have almost 50k in the cloud with HUGE growth in the past 12 months. All their big clients seem to be coming on board. Class have 120k and are about to lose 15k to AMP. AMP say with the 15k and 1/2 of the funds they bought from Reckon they may have 50k. So, 50k with AMP, 105k with Class and around 350k with BGL. This adds up to 505k which makes sense because supposedly 15-20% of SMSFs are not on any specialised software. So really the only place Class can grow is from taking BGL funds - becoming more difficult - and a few from the AMP / Reckon acquisition - which they are fighting with BGL for. So where is the Class growth going to come from ? Rumour also has it BGL will soon release their corporate affairs package in the cloud which will integrate with all the accounting suppliers and their super package. This will make it even harder for Class. Sure is interesting - now may be the time to get out not in!!

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Pretty accurate post there George. I have heard a rumour only this morning that AMP have slashed their products pricing by more than 50% commencing in the NY for all new and existing users. I wouldn't be touching stock based on future growth. it will go nowhere .

CL1 Price at posting: $2.89 Sentiment: Sell Disclosure: Not Held
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Pretty accurate post there George. I have heard a rumour only...

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