I went through their latest earning call.
There is change in CEO, he mentioned previously the company was not focus in acquiring customer
The company’s main moat is to provide cutting edge trading platform for serious traders. They don’t just don’t want to acquired any customer who will just join and do nothing they are very serious on ARPU.
There will be high employee cost impact for next 4 qtr due to ESOP of new management
I am not convinced whether they will be able to pull through growth with such narrow focus specially when they miserably fail in customer support when they are aspiring for best in class traders.
In my openion stock not going any where to soon, need to keep eye on their customers growth for atleast 2-3 qtr.
Disclaimer: recently sold my holding.
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