Jarden v Direct Broking

[Left Field]

You don't need to physically leave NZ to trade the ASX.  Share trading is not restricted to the country you reside in.  You can trade any stock market in the world from NZ.

Interactive Brokers allows you to trade on 75 global stock markets from NZ.  However, the NZX is not one of them.  Perhaps you should ponder why that is?

Totally get where you are coming from KW. I used to trade USA markets using ETrade as a platform. ETrade was great for TA and FA and of course they offered discounted brokerage, currency exchange etc.

However, the key point for me these days is that if we don't back NZX and NZ companies, NZ tech etc, then we risk NZ becoming more of a backwater third world country than some will say we already are.

Best to back NZ companies to grow IMO, and for the same reason I use NZ local owned banks and prefer to work within the NZ tax and legal system.

The following article is a good reminder of issues that can happen using non NZ financial entities (as many crypto traders have found.)

https://usexpatinvesting.com/educational-materials-for-ex-pats/what-to-know-about-u-s-estate-and-income-tax-for-foreign-investors/

[Basil]

What happens if you just ignore their request to change over or just tell them you're not going to do it ?

[Buzz]

What happens if you just ignore their request to change over or just tell them you're not going to do it ?

Soon they will just shut down the old site and force existing customers onto the new site, but they won't do that until the large majority of their customers have the opportunity to experience the new site, and presumably they hope that they won't lose too many customers.

From a new IT system perspective, one of the risks they will have factored into their rollout considerations, is how many customers might quit for another platform. I'd guess that the total number they anticipate will be quite low and they'll allow a long enough time for the transition for existing customers to get used to the new software.

Like some poster said (paraphrased), the longer they play with the new site, the better it seems to be. People just don't like change, but few of them will vote with their feet when push comes to shove, because change for them also means moving to another provider.

[Waltzing]

No date given yet? means they must be playing a waiting game...

shut soon...  they dont want to piss you all off...

becuase some of you are very good and are well educated and articulate...

and they know where you hang out im sure by now... here and over there..

[Onemootpoint]

Soon they will just shut down the old site and force existing customers onto the new site, but they won't do that until the large majority of their customers have the opportunity to experience the new site, and presumably they hope that they won't lose too many customers.

From a new IT system perspective, one of the risks they will have factored into their rollout considerations, is how many customers might quit for another platform. I'd guess that the total number they anticipate will be quite low and they'll allow a long enough time for the transition for existing customers to get used to the new software.

Like some poster said (paraphrased), the longer they play with the new site, the better it seems to be. People just don't like change, but few of them will vote with their feet when push comes to shove, because change for them also means moving to another provider.

True. A bit or risk and change management. I think it would also be sensible for them to allow for some basic customisation as well.

[Waltzing]

Be surprised how they would progress that if there orginal design did not start out as user centrix...

software for web sites can be a bit messy...
 
be interesting to see how long this old stuff hangs around for .. bit like the end of the wooden bi plane and fast forward to ...

we are moving into the sunset people ...

https://www.youtube.com/watch?v=wmzkizC6Rz4

 

[Henry Filth]

I doubt online DIY trading's a big money-maker for Jarden, and I doubt that they will be too sorry to see the back of it.

What's the depreciation timeframe for software these days?

[Left Field]

What happens if you just ignore their request to change over or just tell them you're not going to do it ?

They simply block your access to the old site which will eventually close. It's new site or no site.

Also at some stage they will stop updating/supporting the 'old' site. Eventually you will need to change to get up to date data.

Latest glitch I have found....

On the 10 yr TA chart option, the MA options change from (say) 30 Days or 90 days to 30 Months/90 Months !!!

Still no changes to the other issues I reported.

Otherwise I'm slowly getting used to it.

[Breezy]

They simply block your access to the old site which will eventually close. It's new site or no site.

Also at some stage they will stop updating/supporting the 'old' site. Eventually you will need to change to get up to date data.

Latest glitch I have found....

On the 10 yr TA chart option, the MA options change from (say) 30 Days or 90 days to 30 Months/90 Months !!!

Still no changes to the other issues I reported.

Otherwise I'm slowly getting used to it.

Having to slowly get used to an inferior product in 2023 is pretty sad when its being compared to something that was designed 20 yrs ago and is a masterpiece for trading. Seems like this company is being run like a Govt dept where the head and the tail are disconnected and happy to waste mega bucks over 3 yrs designing a piece of crap when instead they just needed a simple rebrand and refresh of the old site.

[777]

On the invitation, at the bottom, is the option to stay on the old site due to it being an inconvenient time to change. Maximum use of this option would tell them what people think.

[Untamed]

It seems from the latest issue of Jarden "Direct Insights" - that they have been listening to feedback and have already made some changes, based on that feedback. As below:

Jarden Direct Account Updates

We're always looking to enhance your experience from within your Jarden Direct account. If you haven't logged in for a while, you'll also see that we now have advanced charting, a new an improved markets page with an overview of the NZX and ASX, a refreshed new issues page, and much more!

Intraday charting can be elected when exploring a stock's overview page. This feature improves how volume and pricing data is displayed. Volume is more prominent, and pricing can be shown at 5-minute intervals, up to 5 days, with three different chart types including line, area, and candlesticks.

When logging into Jarden Direct, we have enhanced security to protect your account. After entering your password, you'll be asked for a six-digit code from your nominated two-step authentication method. These methods include receiving your code through an authenticator app (such as Microsoft authenticator or google authenticator), text message, or phone call. Phone calls can be made to both mobile and landline phones.

We've also been listening to your feedback about features you enjoyed in our old trading platform, Direct Broking. One feature that has recently been added to Jarden Direct is the selection of a landing page. This means that when you log into your account, you are automatically taken to a page of your choice from within the Jarden Direct platform. To update your landing page, simply log into your Jarden Direct account, go to my preferences, and select your landing page from the drop-down list.

Thank you to all those who have provided us with feedback, we still have more updates to come, so watch this space!

If you do have any further comments or feedback in the meantime, we'd love to hear from you. Please don't hesitate to send any feedback to info@jardendirect.co.nz

[Breezy]

It seems from the latest issue of Jarden "Direct Insights" - that they have been listening to feedback and have already made some changes, based on that feedback. As below:

Just spin, the most meaningful changes as far as trading is concerned have not been actioned to date,  just give us a fast trading app excluding all the superfluous garbage and it will be all good or just rebrand the old site and turn it into an app for pure trading.

[Left Field]

Had to smile....

Winnie was asking about FPH's high PE

My new fancy Jardens trading site tells me FPH PE is 58.99 and compares this to peer COH.AU's PE at 61.30.

The same comparison with HLG by Jarden gives a PE of 10.58 and compared this to MHJ at 9.86, BST.AU at 7.75 and UNI.AU at 8.05.

[Popeye]

I just switched over (why delay the inevitable).  Some initial observations based on a peek at the MFB (My Food Bakhmut) page

- the graph of actual/forecast "earnings" used EBITDA not NPAT.  Call me old fashioned but EBITDA is not earnings. 

- the Revenue numbers flashed up by the chart are skew whiff due to being rounded to the nearest $10m (Earnings are to the $1m as you would expect).  So multiple blocks are different sizes for the same revenue number...

- the depth chart requires scrolling up and down the screen to review it due to poor spacing.

All fixable but really the sort of stuff your pre production user testing should have picked up...

[Breezy]

I just switched over (why delay the inevitable).  Some initial observations based on a peek at the MFB (My Food Bakhmut) page

- the graph of actual/forecast "earnings" used EBITDA not NPAT.  Call me old fashioned but EBITDA is not earnings. 

- the Revenue numbers flashed up by the chart are skew whiff due to being rounded to the nearest $10m (Earnings are to the $1m as you would expect).  So multiple blocks are different sizes for the same revenue number...

- the depth chart requires scrolling up and down the screen to review it due to poor spacing.

All fixable but really the sort of stuff your pre production user testing should have picked up...

The depth chart shouldn't have a chart on the top of it(Put it elsewhere)and problem with scrolling solved, oh and get rid of that stupid live price refreshed box flashing up all the time.