On 28 March 2019, Trustees Australia Limited (ASX: TAU), a provider of range of advisory, as well as the support and facilitation services to the financial services Industry, had shared its investor relations presentation on ASX. The presentation covered the updates of the business, followed by the financial update.
The presentation commenced with the details of the executives of the company as following:
- Mr Michael Hackett holds the position of Chairman.
- Mr Hector Ortiz is the CEO of the company.
- Mr Brook Adcock, Mr John Nantes and Mr Nathan Leman, all three of them holds position of director in the company.
In the presentation, it was highlighted that TAU’s subsidiary Cashwerkz, a fintech business, who had developed an online term marketplace and cash management platform, at present is supplying $2 billion to the banks to support capital funding requirements. Cashwerkz has noted a robust growth in its core products. It has a large and increasingly addressable market. As a result of changes in the market structure, the regulatory reforms are creating new opportunities. The superior digital platform, along with the Expanding solution suite for all investors is compelling the value proposition of Cashwerkz.
Also, Cashwerkz has innovative security, where the customer funds are separated from the platform. It keeps a bank level cybersecurity standard. It has 2 factor authentication protection. The innovative security method carries out a regular security testing, and all transactions are logged and audited.
During the period between 31 December 2018 to 28 February 2019, Cashwerkz noted that there was a growth in the fund invested by 3,922% to $1.81 billion. It has 80% customer return rate with an average 291 days on the platform (rim and wealth partners). The company has enjoyed 157% increase in the ADI partners. The deposit revenue jumped by 26% from $476K to $601K.
Cashwerkz keeps its investors to the core of everything they do in its business. While investing, Cashwerkz maintains transparency, where the investors can view all investments made at one place. The investors have an enormous range of investment options, and its market-leading security systems is a source of trust amongst the investors.
After getting registered on Cashwerkz, the investors are ready to make investments. Majority of more than $5 million transactions has received a negotiated rate. With the competitive market, interest rates are published in real time, besides, it is an easier way to manage cash investment. Further, the client funds are held separately to platform, and the company has exciting new product pipeline.
Cashwerkz believes in building a great culture. Cashwerkz reported a growth in its female staff by 25%. There was a 105% growth in the employees from 18 to 27 staffs. A 45% of the staff belongs to the overseas background, and there was also a 100% increase in the offerings on the platform.
The presentation covered the innovation made at Cashwerkz followed by the business roadmap. It also highlighted the global aspirations of the business to target the Singapore, the UK and the US market.
Cashwerkz reported a strong financial result during the period from December 2018 to February 2019. During the period, they focused on transforming the way the business invests in cash, its superior technology and its future growth potential.In the previous six months, the stock has given a negative return of 33.33%. However, the stock has generated a positive YTD return where the stock generated a return of 5.88%. The shares of TAU last traded at A$0.200 (as on 28 March 2019), up by 11.111% as compared to its previous closing price. The company has a market capitalization of A$28.78 million and approximately 159.88 million outstanding shares.