@oldtimer - best of luck, I’ll sit this one out. I was hoping by now they would have started showing some progress post the Linear and/or some new contracts that previous reports had indicated were mature in the pipeline.
MGP’s tech stack has always been a concern for me and Linears was even more worrysome which is why IMO the likes of HUB and others declined post looking under the cover.
Any form of M&A interest IMO will only come from the group delivering demonstrable sales results which will occur only if they address the very long tail of technology issues. The market is not just looking for features and functions that “tick the box”. These need to work efficiently, work rlsimply and really well, and deliver value to both the end client and the adviser. If MGP can deliver this then they will win the business - if they can’t then there results will reflect this accordingly.
tgis market is now up for grabs post the RC - with new agile entrants in the mix as well as the big boys re-inventing/re-pricing or shooting their incumbent products.
interesting times for MGP and the market in general. 2019 must Ben a year they turn this ship around and start getting true velocity IMO, there has been much talking about synergies and “value” - results is what now counts, not rhetoric.
MGP Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held