SelfWealth Releases Q420 Cash Flow and Activities Report

July 06, 2020 12:35 PM AEST | By Team Kalkine Media

Google News:

Recent News

ASX 200: Janus Electric Advances Heavy Transport Tech with Battery Dea...

RSHQ Border Operation Curbs Illegal Fireworks Flow Between NT and Quee...

Transurban Group (ASX:TCL): A Key Player in Urban Transport and Part o...

WA Electric Bus Rollout Accelerates as Volgren Ends Diesel Production...

SelfWealth Ltd (ASX:SWF) has released its fourth FY20 Quarterly Cash Flow and Activities Report which showed, large numbers of new clients have joined SWF’s trading platform and created their investment portfolios which has led to considerable rise in operating revenue of the company. Some highlights include:

Continued growth in ‘active traders’ joining the platform, up by 44% quarter-on-quarter (QOQ), to 46,445
Operating Revenue of $4.18 million, up 101% QOQ while cash flow from operating activities stood at $809k
Quarterly trade volumes stood at 340k, up 112% QOQ while the value of ‘client cash held’ remained steady at $366 million

As of 30 June, the Company has a net cash position of $5.26m and no outstanding debt.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.