Nothing in the release negatively impacted my thesis. ACV growth continues at pace, which is all I needed to see, particularly in the more mature domestic market.
Now just waiting for the full year numbers to provide both revenue & profit which reveal at what cost the growth was achieved. Also I’ll be looking at churn to confirm customers continue to value the service.
Apart from my complaint regarding the disclosure of the amortisation changes, which may well be misplaced, as I’ve seen little comment from others. I’m a happy holder.
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Ann: FY19 Preliminary Results - Record Portfolio Growth, page-94
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