This is Business Now with Edward Boyd.

This is Business Now with Edward Boyd.

Hi and welcome a business Now thanks to your company today. I'm Edward Boyd coming up on the program. Australia's economy is faltering at a time when our stock market's trading at record high's. Wilson Asset Management believe the RBA will cut interest rates in February next year.

Hi and welcome a business Now thanks to your company today. I'm Edward Boyd coming up on the program. Australia's economy is faltering at a time when our stock market's trading at record high's. Wilson Asset Management believe the RBA will cut interest rates in February next year.

Wam's Oscar Oberg will be up shortly.

Wam's Oscar Oberg will be up shortly.

Location sharing app Life three sixty has been one of the best performing tech stocks on the market this year. I speak to its founder and CEO, Chris Hulls about the ethics of surveillance and the growth opportunities for the business. Plus, about three thy three hundred homes are scheduled to be auctioned this week. We'll show you all the top properties going under the hammer. That's all coming up on today's program. Let's get straight into the markets. The ASX two hundred drop this morning. Most sectors in the red today. Tech companies, helcos and energy stocks all shared more than one percent. The market finished the day down point six four percent. And here's the performance for the week. The market set a new all time record high on Tuesday before falling back. It finished the week just down by point two percent. Online retailer Cogan kept rising, pipeline operator Apa Group jumped after a favorable regulatory ruling. Media Company nine was strong, and the casino operator Sky City plus the auto parts retail at Batcorp both lifted as well. Iluca plunged despite receiving an extra four hundred million dollar loan from the federal government for its rare earthz refinery project. Fund manager Magellan had its worst day in about eleven months by now pay later stock Zip was down two Domino's Pizza it dropped after being downgraded by a broker, and the online bookie points Bet slipped about five point four percent. And here's a quick look at the price of the cryptocurrency Bitcoin, which lifted to an all time record high yesterday of about one hundred and three thousand US dollars. It's since been sold off with clearly some profit taking there. One bitcoin is currently worth about ninety eight thousand US dollars. Australia's GDP creaked ahead just zero point eight percent at an annual rate in the September quarter, which was below expectations. The spotlight now turns to the Reserve Bank and what it might do in response. Next Tuesday is the RBA's final cash rate decision of the year. I caught up with Oscar Oberg from Wilson Asset Management a little earlier.

Location sharing app Life three sixty has been one of the best performing tech stocks on the market this year. I speak to its founder and CEO, Chris Hulls about the ethics of surveillance and the growth opportunities for the business. Plus, about three thy three hundred homes are scheduled to be auctioned this week. We'll show you all the top properties going under the hammer. That's all coming up on today's program. Let's get straight into the markets. The ASX two hundred drop this morning. Most sectors in the red today. Tech companies, helcos and energy stocks all shared more than one percent. The market finished the day down point six four percent. And here's the performance for the week. The market set a new all time record high on Tuesday before falling back. It finished the week just down by point two percent. Online retailer Cogan kept rising, pipeline operator Apa Group jumped after a favorable regulatory ruling. Media Company nine was strong, and the casino operator Sky City plus the auto parts retail at Batcorp both lifted as well. Iluca plunged despite receiving an extra four hundred million dollar loan from the federal government for its rare earthz refinery project. Fund manager Magellan had its worst day in about eleven months by now pay later stock Zip was down two Domino's Pizza it dropped after being downgraded by a broker, and the online bookie points Bet slipped about five point four percent. And here's a quick look at the price of the cryptocurrency Bitcoin, which lifted to an all time record high yesterday of about one hundred and three thousand US dollars. It's since been sold off with clearly some profit taking there. One bitcoin is currently worth about ninety eight thousand US dollars. Australia's GDP creaked ahead just zero point eight percent at an annual rate in the September quarter, which was below expectations. The spotlight now turns to the Reserve Bank and what it might do in response. Next Tuesday is the RBA's final cash rate decision of the year. I caught up with Oscar Oberg from Wilson Asset Management a little earlier.

Yeah, if we look across Australia, really it's on a state by state basis. At the moment, Victoria is very very weak. We'd almost say it's as weak as New Zealand. And we've been over to New Zealand quite a lot and it's very very tough over there and feels like Victoria is certainly heading that way. I think New South Wales seems to be tracking long okay, not great, let's say fairly steady, and then Queensland and Western Australia in particularly are growing really well, obviously led by mining and increased expenditure over there. So look, it's very mixed out there, and certainly the companies we speak to across the ASX are really pointing to a challenged outlook and that sort of gives us confidence that we will see a rate cut at some point next year.

Yeah, if we look across Australia, really it's on a state by state basis. At the moment, Victoria is very very weak. We'd almost say it's as weak as New Zealand. And we've been over to New Zealand quite a lot and it's very very tough over there and feels like Victoria is certainly heading that way. I think New South Wales seems to be tracking long okay, not great, let's say fairly steady, and then Queensland and Western Australia in particularly are growing really well, obviously led by mining and increased expenditure over there. So look, it's very mixed out there, and certainly the companies we speak to across the ASX are really pointing to a challenged outlook and that sort of gives us confidence that we will see a rate cut at some point next year.

Yeah, is the market really hoping for a rate cut as early as possible to give a bit more confidence back to the investment sector.

Yeah, is the market really hoping for a rate cut as early as possible to give a bit more confidence back to the investment sector.

Well, that's right.

Well, that's right.

I mean, the private sector is technically in a recession at the moment. It's only been propped up by government spending, so.

I mean, the private sector is technically in a recession at the moment. It's only been propped up by government spending, so.

It is very tough out there.

It is very tough out there.

We still think Wilson Asset Management that the Reserve Bank will cut rates in Februar or March. We think it'll be earlier than perhaps economists are saying, and that's largely just purely because we're seeing things and the outlook statements from a number of companies are really pointing to things coming off. So we think it'll be like we saw in New Zealand where the Central Bank over there was pointing to actually interest rate hikes and about two or three months walk back from that and actually cut rates. So we think we'll see the same thing in Australia as early into the new year.

We still think Wilson Asset Management that the Reserve Bank will cut rates in Februar or March. We think it'll be earlier than perhaps economists are saying, and that's largely just purely because we're seeing things and the outlook statements from a number of companies are really pointing to things coming off. So we think it'll be like we saw in New Zealand where the Central Bank over there was pointing to actually interest rate hikes and about two or three months walk back from that and actually cut rates. So we think we'll see the same thing in Australia as early into the new year.

Yeah, you're obviously speaking with a lot of businesses around Australia at all the time. We obviously have just seen Donald Trump win the recent presidential election and he'll be inaugurated early next year. What are businesses thinking about a new Trump presidency and things like tariffs on the global supply of goods into America.

Yeah, you're obviously speaking with a lot of businesses around Australia at all the time. We obviously have just seen Donald Trump win the recent presidential election and he'll be inaugurated early next year. What are businesses thinking about a new Trump presidency and things like tariffs on the global supply of goods into America.

Yeah, I think firstly, we've seen markets rally strongly with Trump being elected, and I think we've got precedents from back in twenty sixteen. It's very good for corporates generally and good for the economy. So I think that certainty around Trump being elected is one of the big reasons why the markets have rallied from that point. Look, it is an uncertain global environment. I think that again there was precedents back from what he did last time around. So I think broadly speaking, the companies we speak to have been preparing for that and preparing for change, and a lot of those companies that do have manufacturing operations have the scale to sort of adjust. And so you know, we've been speaking to our companies a lot, you know, over the last few months what a Trump presidency will mean, and I think most of them have come into this fully prepared.

Yeah, I think firstly, we've seen markets rally strongly with Trump being elected, and I think we've got precedents from back in twenty sixteen. It's very good for corporates generally and good for the economy. So I think that certainty around Trump being elected is one of the big reasons why the markets have rallied from that point. Look, it is an uncertain global environment. I think that again there was precedents back from what he did last time around. So I think broadly speaking, the companies we speak to have been preparing for that and preparing for change, and a lot of those companies that do have manufacturing operations have the scale to sort of adjust. And so you know, we've been speaking to our companies a lot, you know, over the last few months what a Trump presidency will mean, and I think most of them have come into this fully prepared.

All right, And what are some of the big sectors that you're liking at the moment with where the economy's at.

All right, And what are some of the big sectors that you're liking at the moment with where the economy's at.

Yeah, so across the AX and we focused the Wilson ASA Management and the funds we manage here in small and MidCap companies. There's some very expensive sectors, such as the technology sector, and there's also some very cheap sectors, and generally in the cheap sectors. These are in sectors that are exposed to the economy in some way and are struggling at the moment given a tough tough consumer spending and sentiment. So this is in sectors such as automotive, retail, build materials, and in property trusts. So look, we're seeing a lot of opportunities across the market if we focus on that cheap part of the sector. We like companies such as Apegers, which is the largest car dealer in Australia. In the automotive space, we like retailers such as Premier Investments and Meyer and Levisa, which has had to pull back recently. We think that's looking attractive at the moment, and in sort of in the growth space and in particular that technology sector which is going from strength to strength. The key there and some of our successful holdings over the past called one to two years has been companies that were smaller companies that have moved into a positive free cash flow and profitability and have strong revenue growth. So there's companies that we're seeing that are at that point right now. Companies such as gen Track, Quoria and drop Suite, which we quite like too. So look, there's range of stocks, but it's probably in my time in my career, it's probably one of the best best markets at the moment for stockpicking in the small and mid cap space.

Yeah, so across the AX and we focused the Wilson ASA Management and the funds we manage here in small and MidCap companies. There's some very expensive sectors, such as the technology sector, and there's also some very cheap sectors, and generally in the cheap sectors. These are in sectors that are exposed to the economy in some way and are struggling at the moment given a tough tough consumer spending and sentiment. So this is in sectors such as automotive, retail, build materials, and in property trusts. So look, we're seeing a lot of opportunities across the market if we focus on that cheap part of the sector. We like companies such as Apegers, which is the largest car dealer in Australia. In the automotive space, we like retailers such as Premier Investments and Meyer and Levisa, which has had to pull back recently. We think that's looking attractive at the moment, and in sort of in the growth space and in particular that technology sector which is going from strength to strength. The key there and some of our successful holdings over the past called one to two years has been companies that were smaller companies that have moved into a positive free cash flow and profitability and have strong revenue growth. So there's companies that we're seeing that are at that point right now. Companies such as gen Track, Quoria and drop Suite, which we quite like too. So look, there's range of stocks, but it's probably in my time in my career, it's probably one of the best best markets at the moment for stockpicking in the small and mid cap space.

Yeah, you mentioned Premier investments in Mayer.

Yeah, you mentioned Premier investments in Mayer.

Obviously those two companies have become more and more intertwined over the past twelve months. What's the outlook for retail and those two businesses, Because we thought all the tax cuts coming through from the start of this new financial gear would really give the retail sector a boost, and we've started to see a little bit of extra retail spending in the numbers ABS numbers out this week, but it still feels like that sector is feeling a little bit gloomy right now.

Obviously those two companies have become more and more intertwined over the past twelve months. What's the outlook for retail and those two businesses, Because we thought all the tax cuts coming through from the start of this new financial gear would really give the retail sector a boost, and we've started to see a little bit of extra retail spending in the numbers ABS numbers out this week, but it still feels like that sector is feeling a little bit gloomy right now.

It is a gloomy sector, and sometimes we can get caught up in the market how that can impact the listed companies. I think it's all always worthwhile to take a step back and remind yourself that the listed companies are generally the largest players and the best players in their categories, and we've certainly seen that over the last two or three is it's been a terrible, really tough consumer environment, given the higher interest rates and the cost of living crisis, but a lot of these companies have gone from strength to strengths aev taking market share. So feedback we've been having has been that's been a very strong Black Friday period. So the questions will be can that carry on to Christmas? We think it will and companies such as Premier Investments and My will benefit from that. Specifically focusing on those two companies with my change of management there with the livery Worth whose ex Conus frequent Flyer is taking over, we think will turbocharge the top line of the business.

It is a gloomy sector, and sometimes we can get caught up in the market how that can impact the listed companies. I think it's all always worthwhile to take a step back and remind yourself that the listed companies are generally the largest players and the best players in their categories, and we've certainly seen that over the last two or three is it's been a terrible, really tough consumer environment, given the higher interest rates and the cost of living crisis, but a lot of these companies have gone from strength to strengths aev taking market share. So feedback we've been having has been that's been a very strong Black Friday period. So the questions will be can that carry on to Christmas? We think it will and companies such as Premier Investments and My will benefit from that. Specifically focusing on those two companies with my change of management there with the livery Worth whose ex Conus frequent Flyer is taking over, we think will turbocharge the top line of the business.

And at the same time.

And at the same time.

You've got significant cost cynies coming from the acquisition of the apparel brands from Premire. So we see quite a strong rerating in evaluation in Mayer over time as that the business improves its profitability and we actually think it's got a great chance to take market share from its rival David Jones at the moment, which is clearly struggling. And then on the Premier side, you've got high growth businesses in smiggl and Peter Alexander, and they're a shareholding in Brevil, which again is a high growing business. So we think now with the business set operted that Premiere effectively can get a very strong valuation or a high valuation given that it's focused on these high growth businesses. So we're bullish on both companies. We own both of them across our portfolios.

You've got significant cost cynies coming from the acquisition of the apparel brands from Premire. So we see quite a strong rerating in evaluation in Mayer over time as that the business improves its profitability and we actually think it's got a great chance to take market share from its rival David Jones at the moment, which is clearly struggling. And then on the Premier side, you've got high growth businesses in smiggl and Peter Alexander, and they're a shareholding in Brevil, which again is a high growing business. So we think now with the business set operted that Premiere effectively can get a very strong valuation or a high valuation given that it's focused on these high growth businesses. So we're bullish on both companies. We own both of them across our portfolios.

And just quickly, I know you've been in Perth recently meeting with mining companies. I mean, how important are those small to MidCap stocks that really fit into the solar panel and the battery materials production supply chain for sort of evs and things like that.

And just quickly, I know you've been in Perth recently meeting with mining companies. I mean, how important are those small to MidCap stocks that really fit into the solar panel and the battery materials production supply chain for sort of evs and things like that.

Yeah, it's an interesting space that we'll call it the Western Australia or the mining services sector at the moment. And normally the sector is really fueled by high iron ore prices with BHP Rio and FORTESQ, and they're spending and I think obviously with il prices falling, I think I would have thought, you know, twelve months ago the sector would be struggling. In fact it's not. It's actually doing really, really well, and that's largely because the iron ore players have to keep spending to keep replenishing their minds and that's certainly flowing through.

Yeah, it's an interesting space that we'll call it the Western Australia or the mining services sector at the moment. And normally the sector is really fueled by high iron ore prices with BHP Rio and FORTESQ, and they're spending and I think obviously with il prices falling, I think I would have thought, you know, twelve months ago the sector would be struggling. In fact it's not. It's actually doing really, really well, and that's largely because the iron ore players have to keep spending to keep replenishing their minds and that's certainly flowing through.

But as you said, there's this other wave of.

But as you said, there's this other wave of.

Capital expenditure that's coming, which is the electrific electrification of the electricity grid and also just all the wiring that needs to happen with all these solar and wind projects that are happening across the Australia. Across Australia as we approach those twenty twenty five renewable targets, So there's a lot of work that's going on at the moment and this is benefiting a number of companies across Australia in that services space and companies such as Service Stream, Genus Plus Southern Cross Electric Electrical our key holdings for us across the portfolios.

Capital expenditure that's coming, which is the electrific electrification of the electricity grid and also just all the wiring that needs to happen with all these solar and wind projects that are happening across the Australia. Across Australia as we approach those twenty twenty five renewable targets, So there's a lot of work that's going on at the moment and this is benefiting a number of companies across Australia in that services space and companies such as Service Stream, Genus Plus Southern Cross Electric Electrical our key holdings for us across the portfolios.

Oscar Oberg from Wilson Asset Management. Thanks for coming on the show.

Oscar Oberg from Wilson Asset Management. Thanks for coming on the show.

Thanks for having me.

Thanks for having me.

After the break, we'll speak to the chief executive of the ASX listed tech company Life three sixty, which has been one of the top performers on Australia's stock market this year.

After the break, we'll speak to the chief executive of the ASX listed tech company Life three sixty, which has been one of the top performers on Australia's stock market this year.

Welcome back.

Welcome back.

Location sharing at Life three sixty has been one of the best performers on the stock market this year, rising about two hundred and fifty percent. The US based company had roughly seventy seven million users worldwide during the third quarter, but only two point two million paid subscription revenue The focus for the CEO and founder, Chris Huls is growing the business in the United States and converting these unpaid customers into full paying users.

Location sharing at Life three sixty has been one of the best performers on the stock market this year, rising about two hundred and fifty percent. The US based company had roughly seventy seven million users worldwide during the third quarter, but only two point two million paid subscription revenue The focus for the CEO and founder, Chris Huls is growing the business in the United States and converting these unpaid customers into full paying users.

I had the early inspiration for lay through sixty when I was still in college and Hurricane Katuna happened. We wanted to use technologies to help families reconnect after major emergencies, and this is rape when smartphones were getting started, and we built a prototype of our product under the end then upcoming Android phone, and we realized that there's something so much bigger here, the idea of knowing where people you care about are. It actually wasn't just about safety. It was about connectivity, about getting through the day, and so I only chefed and in companies entire history was in that first year of founding where we realized, maybe this can be essentially the Facebook for families, but not at a social network, a way to reconnect and connect with people you care about, and it could be a platform for all the safety and security services people are buying today.

I had the early inspiration for lay through sixty when I was still in college and Hurricane Katuna happened. We wanted to use technologies to help families reconnect after major emergencies, and this is rape when smartphones were getting started, and we built a prototype of our product under the end then upcoming Android phone, and we realized that there's something so much bigger here, the idea of knowing where people you care about are. It actually wasn't just about safety. It was about connectivity, about getting through the day, and so I only chefed and in companies entire history was in that first year of founding where we realized, maybe this can be essentially the Facebook for families, but not at a social network, a way to reconnect and connect with people you care about, and it could be a platform for all the safety and security services people are buying today.

I want to talk to you about your active views. Is in the customer life cycle. At what point do parents sign up to the app and start monitoring and tracking people in their family?

I want to talk to you about your active views. Is in the customer life cycle. At what point do parents sign up to the app and start monitoring and tracking people in their family?

So one thing that's surprising to many people and actually us as well, is no longer just parents with teenagers. We have people from twenty somethings who are dating each other to people aging parents and everything in between. Our premium product, which is centered around driving, is very much when people get that key to the car. But what we're our goal is and what we're doing now is adding different services for different life stages. So we've announced we're doing a dedicated pet tracker in twenty twenty five and Elder Karen twenty twenty six. So we truly will be a membership no matter what stage of life your family is in.

So one thing that's surprising to many people and actually us as well, is no longer just parents with teenagers. We have people from twenty somethings who are dating each other to people aging parents and everything in between. Our premium product, which is centered around driving, is very much when people get that key to the car. But what we're our goal is and what we're doing now is adding different services for different life stages. So we've announced we're doing a dedicated pet tracker in twenty twenty five and Elder Karen twenty twenty six. So we truly will be a membership no matter what stage of life your family is in.

All right, and you mentioned the paid So what causes a user to switch from being on on pay service to becoming a paid subscriber.

All right, and you mentioned the paid So what causes a user to switch from being on on pay service to becoming a paid subscriber.

So the primary draw is driving because, as any parent knows, when you have your kids driving o their teens or driving themselves, it's very nerve wracking. One of those times is actually quite a dangerous moment in a family's life. So what people are doing is they say, hey, i'm gonna give you the car, but you're gonna use like th you're sixty and I'm going to make sure you're driving safely, and if there is an accident, we can actually detect it without any interference from the user and send you an ambulance. And last year we sent out over forty thousand ambulances. And almost every day we're getting a testimonial about saving a child's life where they might have been driving in a country road, gotten an accident, sometimes even knocked unconscious. We're able to detect that crash and send them an ambulance even if they couldn't ask for help.

So the primary draw is driving because, as any parent knows, when you have your kids driving o their teens or driving themselves, it's very nerve wracking. One of those times is actually quite a dangerous moment in a family's life. So what people are doing is they say, hey, i'm gonna give you the car, but you're gonna use like th you're sixty and I'm going to make sure you're driving safely, and if there is an accident, we can actually detect it without any interference from the user and send you an ambulance. And last year we sent out over forty thousand ambulances. And almost every day we're getting a testimonial about saving a child's life where they might have been driving in a country road, gotten an accident, sometimes even knocked unconscious. We're able to detect that crash and send them an ambulance even if they couldn't ask for help.

And does that app also like notify the parents if they child is speeding or you know, driving too quickly as well.

And does that app also like notify the parents if they child is speeding or you know, driving too quickly as well.

Yeah, so we have driver alerts so you can see if someone speeding, heart breaking rapid acceleration. So just knowing you is your teenager driving safely? And one thing that is funny is that it's happening where teens are actually tracking their parents driving and we see dads in particular, these are the ones that actually actually need the service more than the teens.

Yeah, so we have driver alerts so you can see if someone speeding, heart breaking rapid acceleration. So just knowing you is your teenager driving safely? And one thing that is funny is that it's happening where teens are actually tracking their parents driving and we see dads in particular, these are the ones that actually actually need the service more than the teens.

Yeah, I can say that, look is the desire to be tracked Is it coming from the kids or from the parents, Because I think back when I was a teenager, I probably wouldn't want my parents knowing everywhere I was going.

Yeah, I can say that, look is the desire to be tracked Is it coming from the kids or from the parents, Because I think back when I was a teenager, I probably wouldn't want my parents knowing everywhere I was going.

So attitudes have really changed, and we actually see many teens bringing their parents into the service. And it's for two reasons. One is people who have grown up in the smartphone era, they just don't see location as a private thing per se, people using things like snap maps. If you're in college, all your friends know you are all the time. But the other thing, which is actually quite logical, is most parents are not trying to be controlling. They don't even consider it tracking. So if you're a teenager, you're like, hey, I'm going to use like three sixty. I like knowing that you know where I am, I know where you are, But then can you just let me go out and not have me call home every couple hours? Let me just have fun. And teens like it because they get freedom, and parents like it because they don't have to worry.

So attitudes have really changed, and we actually see many teens bringing their parents into the service. And it's for two reasons. One is people who have grown up in the smartphone era, they just don't see location as a private thing per se, people using things like snap maps. If you're in college, all your friends know you are all the time. But the other thing, which is actually quite logical, is most parents are not trying to be controlling. They don't even consider it tracking. So if you're a teenager, you're like, hey, I'm going to use like three sixty. I like knowing that you know where I am, I know where you are, But then can you just let me go out and not have me call home every couple hours? Let me just have fun. And teens like it because they get freedom, and parents like it because they don't have to worry.

And just talk to me about that offen unity from the elderly age bracket. How's that going getting into that market because obviously a lot of people really care about their aching parents and they can have fools or accidents at home and sometimes you just you never hear about it.

And just talk to me about that offen unity from the elderly age bracket. How's that going getting into that market because obviously a lot of people really care about their aching parents and they can have fools or accidents at home and sometimes you just you never hear about it.

Yeah, So the reason we're entering the space is Aside from this as being a big problem with a bunch of antiquated products that we think we can do better, we already have a bunch of seniors on Life three sixty and they don't mind being Life through sixty. It makes them actually feel like they're part of the family and being included. I unfortunately can speak from some personal experience. My mom's getting Alzheimer's and we use the driver reports to help hers, Like, you know, she's really not driving too well, maybe we need to take the keys away. And if we were to go to her and give her a device that wasn't Lie through sixty to keep an eye on or she probably would feel like that was controlling her a bit. But because she's been on the app so long, it's just a very natural evolution.

Yeah, So the reason we're entering the space is Aside from this as being a big problem with a bunch of antiquated products that we think we can do better, we already have a bunch of seniors on Life three sixty and they don't mind being Life through sixty. It makes them actually feel like they're part of the family and being included. I unfortunately can speak from some personal experience. My mom's getting Alzheimer's and we use the driver reports to help hers, Like, you know, she's really not driving too well, maybe we need to take the keys away. And if we were to go to her and give her a device that wasn't Lie through sixty to keep an eye on or she probably would feel like that was controlling her a bit. But because she's been on the app so long, it's just a very natural evolution.

All right.

All right.

And what about pits? How do you wanted to say, a dog or what pits?

And what about pits? How do you wanted to say, a dog or what pits?

He targeting?

He targeting?

Sure? So a few years ago about two companies, Tile, which was the original Bluetooth locator tag and geobit, which had a dedicated line of LTE based cellular tracking devices. We're now reinvesting in those in a very big way. And over half our customers already have pets so you can imagine if you're already using Life through sixty on a multiple time and day basis, like most of our customers, the idea of now you can see your dog in the app, but just it makes natural sense and for those of us who have pets, a dog and a cat, they can almost be like part of the family. And because you already are a customer of our service, we're gonna be able to do this.

Sure? So a few years ago about two companies, Tile, which was the original Bluetooth locator tag and geobit, which had a dedicated line of LTE based cellular tracking devices. We're now reinvesting in those in a very big way. And over half our customers already have pets so you can imagine if you're already using Life through sixty on a multiple time and day basis, like most of our customers, the idea of now you can see your dog in the app, but just it makes natural sense and for those of us who have pets, a dog and a cat, they can almost be like part of the family. And because you already are a customer of our service, we're gonna be able to do this.

At a very very low cost.

At a very very low cost.

And when you first launched the app, were you getting much blowback from society or political figures that were worried that it was sort of too invasive and invading people's privacies or is the rhetoric kind of changing and shifting now as time goes on.

And when you first launched the app, were you getting much blowback from society or political figures that were worried that it was sort of too invasive and invading people's privacies or is the rhetoric kind of changing and shifting now as time goes on.

In the early days, we absolutely did. People did not understand how this is really a utility tool. And what I have to often tell people's just try it for a couple of weeks and see if it changes your perception. And I think a very similar analogy is I'm old enough to recall on cell phones were becoming mainstream, there is a similar push like, hey, if if you have a cell phone with you twenty four to seven, you're always on the grid, you're always reachable. What about if you want some privacy? And those things are all true. Sometimes it does feel like we have these digital leases and we all realize we need to cut back a bit. But the idea of someone's saying they're not going to have a cell phone, it's kind of downright our keg because the upsides are so much bigger than the downsides, and you're in control over how you use it. And in our app, we have a feature called bubbles where you can keep all the safety features on but your exact locations hidden, So you could just say I'm in a city. Your family knows you're in the city, and if there's an emergency, they can what we call pop the bubble see where you are. But day to day you get all the privacy you want, so it's really up to you how you use it and it's not an invasive product.

In the early days, we absolutely did. People did not understand how this is really a utility tool. And what I have to often tell people's just try it for a couple of weeks and see if it changes your perception. And I think a very similar analogy is I'm old enough to recall on cell phones were becoming mainstream, there is a similar push like, hey, if if you have a cell phone with you twenty four to seven, you're always on the grid, you're always reachable. What about if you want some privacy? And those things are all true. Sometimes it does feel like we have these digital leases and we all realize we need to cut back a bit. But the idea of someone's saying they're not going to have a cell phone, it's kind of downright our keg because the upsides are so much bigger than the downsides, and you're in control over how you use it. And in our app, we have a feature called bubbles where you can keep all the safety features on but your exact locations hidden, So you could just say I'm in a city. Your family knows you're in the city, and if there's an emergency, they can what we call pop the bubble see where you are. But day to day you get all the privacy you want, so it's really up to you how you use it and it's not an invasive product.

You reported your third quarter results earlier this month. What was some of the big highlights, So.

You reported your third quarter results earlier this month. What was some of the big highlights, So.

Record MAU growth, record subscriber growth. We really are entering the mainstream and internationals picking up. The US was on the vanguard of location sharing, but now we're seeing Australia, UK, EU, Canada all ramping up similarly, I think here in Australia we have nearly ten percent of all phones running the application.

Record MAU growth, record subscriber growth. We really are entering the mainstream and internationals picking up. The US was on the vanguard of location sharing, but now we're seeing Australia, UK, EU, Canada all ramping up similarly, I think here in Australia we have nearly ten percent of all phones running the application.

Yeah, and just also explain your rationale.

Yeah, and just also explain your rationale.

You listed on the AX first and then joined the Nasdaq sickond, so that's a big win for the Australian stock market.

You listed on the AX first and then joined the Nasdaq sickond, so that's a big win for the Australian stock market.

Yeah. I'm proud to say that we've delivered a ten x return for people who invested the NADER in the stock. And we really liked what the ASEX was pitching us back in twenty nineteen.

Yeah. I'm proud to say that we've delivered a ten x return for people who invested the NADER in the stock. And we really liked what the ASEX was pitching us back in twenty nineteen.

It was the benefits of.

It was the benefits of.

Being public a little bit earlier than you could in the US. And we've always been a little bit off the radar as a company, and we've had a very international user base. So we liked what the ASX was offering. And our plan was always to be a dualistic company. We are a San Francisco tech company, and now we've hit the scale close to four hundred million of revenue, we've been able to get the benefits of both worlds. We're a very rare company in Australia having hay growth international reachment software. In the US, we're also looking very good. We're as a MidCap company. We not only are growing quickly, but we are now profitable, which is a pretty big milestone for us.

Being public a little bit earlier than you could in the US. And we've always been a little bit off the radar as a company, and we've had a very international user base. So we liked what the ASX was offering. And our plan was always to be a dualistic company. We are a San Francisco tech company, and now we've hit the scale close to four hundred million of revenue, we've been able to get the benefits of both worlds. We're a very rare company in Australia having hay growth international reachment software. In the US, we're also looking very good. We're as a MidCap company. We not only are growing quickly, but we are now profitable, which is a pretty big milestone for us.

Chris Hull's chief executive Life three to sixty. Thanks for your time. Thank you.

Chris Hull's chief executive Life three to sixty. Thanks for your time. Thank you.

They are about three thousand, three hundred homes scheduled to be auctioned this week. Sydney will hold about one thousand, Melbourne about thirteen hundred and forty, Brisbane about one hundred and ninety, Adelaide almost two twenty. Wa Tasmania and the NT will hold twenty nine auctions between them, and Camber will hold seventy three auctions. Take a look at the most viewed properties going to auction this weekend and In New South Wales, the top property is twenty one Windrush Avenue, Belrose. This four better has a big backyard, asking price one point seven million. In Victoria, the top property is forty three Molesworth Street, Seaford. This four better is in the suburb next to Frankston, asking price about seven hundred and forty thousand. In Queensland, the top property is two five to one to one Cressbrook Drive, Hope Island. This giant five better is on the waterfront with its own dock for your jet skis and power boats.

They are about three thousand, three hundred homes scheduled to be auctioned this week. Sydney will hold about one thousand, Melbourne about thirteen hundred and forty, Brisbane about one hundred and ninety, Adelaide almost two twenty. Wa Tasmania and the NT will hold twenty nine auctions between them, and Camber will hold seventy three auctions. Take a look at the most viewed properties going to auction this weekend and In New South Wales, the top property is twenty one Windrush Avenue, Belrose. This four better has a big backyard, asking price one point seven million. In Victoria, the top property is forty three Molesworth Street, Seaford. This four better is in the suburb next to Frankston, asking price about seven hundred and forty thousand. In Queensland, the top property is two five to one to one Cressbrook Drive, Hope Island. This giant five better is on the waterfront with its own dock for your jet skis and power boats.

In South Australia.

In South Australia.

The top property is thirty eight French Street, Neverbe This three better was built in twenty eighteen, has about three hundred square meters of internal living space, and the most feued property in Western Australia is eleven Pointer Drive, dun Craig. This four better is a couple of k's from Perd's northern beaches. It's got a nice garden and a studio in the backyard, and the most viewed property on the Aria Group website this week is a massive acreage located east of Brisbane. The address is eighteen Judd Street, Gumdale. This place is basically a huge compound with numerous buildings constructed in a semicircle around a couple of dams. The place has seven bedrooms, six bathrooms and parking for nineteen cars. There're roughly ten buildings on the site, including a few large sheds, workshops, a gym, half basketball court, pergola, plus the main residence and then the second residence. There are more than two thousand plants on the property, which was only built in twenty twenty one.

The top property is thirty eight French Street, Neverbe This three better was built in twenty eighteen, has about three hundred square meters of internal living space, and the most feued property in Western Australia is eleven Pointer Drive, dun Craig. This four better is a couple of k's from Perd's northern beaches. It's got a nice garden and a studio in the backyard, and the most viewed property on the Aria Group website this week is a massive acreage located east of Brisbane. The address is eighteen Judd Street, Gumdale. This place is basically a huge compound with numerous buildings constructed in a semicircle around a couple of dams. The place has seven bedrooms, six bathrooms and parking for nineteen cars. There're roughly ten buildings on the site, including a few large sheds, workshops, a gym, half basketball court, pergola, plus the main residence and then the second residence. There are more than two thousand plants on the property, which was only built in twenty twenty one.

The agents are taking expressions of interest.

The agents are taking expressions of interest.

That's all for business now this week, but for more business news over the weekend. Don't forget to tune into Business Weekend this Sunday at eleven am Eastern daylight time. I'm Edward Boyd. Thanks for your company.

That's all for business now this week, but for more business news over the weekend. Don't forget to tune into Business Weekend this Sunday at eleven am Eastern daylight time. I'm Edward Boyd. Thanks for your company.