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
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
