I don’t see it the same way, unfortunately.
They’re playing catch-up to e-commerce, this feels more like MYOB than Xero.
I simply don’t have much confidence the leadership team and board are the right folks for pre-earnings, high-growth, digital businesses.
Also not impressed first two questions on the call were institutional and took up heaps of time asking meh questions.
If we think things will turn around post-COVID, well ok, maybe but hope is not a plan.
Ann: Annual Report to shareholders 2020, page-5
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