Fair point. I think the August results announcement is an opportunity, but maybe their last.
Phrases such as 'Well progressed against its transformation strategy...' are uninspiring at best and utterly meaningless at worst.
Here's an idea - just transform the company instead of constantly reminding the market of the need to transform.
If the August release came with the following announcements I'd be excited again:
- Overseas expansion (preferably some product analogous to Bundll)
- Change the name of the company to Flexipay (people might know what the company does when it releases future ASX announcements)
- New marquee domestic partner signed up to Humm
- Certain members of the board stepping down
- Solving customer service (I bet management thought they were geniuses saving so much money by outsourcing this to Manila years ago, and now their horrible reputation is a weight around the company's neck)
Otherwise may as well just return all the capital to shareholders / pray for some LBO at $1.5.
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2 | 42385 | 0.820 |
3 | 16849 | 0.805 |
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1 | 700 | 0.790 |
Price($) | Vol. | No. |
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0.850 | 123959 | 7 |
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