Hi all,
Thought I'd post this,
https://cebu.mynimo.com/jobs/view/246239
It was posted yesterday, the fifth of September.
Intiger is continuing to hire experienced financial planners to continue their operations overseas in the Philippines.
Make of it what you will, though to me it's pretty simple.
There is a demand for the service. The service has been already verified to be of extremely good quality through testimonials (Goodwin and the OP post of the thread), and, through all the noise, the company is still hiring and expanding staff to deal with demand.
I don't know many companies that continually and aggressively hire staff while failing, or not being sure if they can pay / handle them.
My view on the last few months
Positives:
- BOOM (I believe) was created in response to the realization that the traditional on boarding of clients was 1) too slow, and 2) not going to work by engaging at a licencee level (due to ASX disclosure requirements and companies wanting anonymity for obvious reasons). Boom is able to bypass this and generate revenue with relative ease and low induction time.
- I believe this development was particularly important because it shows management identified a problem with their model (perhaps not their per say model, rather their clients ability to adapt to it) and so they actively perused a different, more logical route. Nothing worse than seeing an iceberg and thinking you can drive through it.
- LiLy / Klips automation / monitoring software (what I believe to be the true money makers in future) can continue to be focused on and hopefully brought to market more substantially.
- Highly praised client feedback - to me this is often under-rated. Without customer satisfaction and complete compliance and adherence to laws and regulations in Australia, inherently we would fail. This problem is non-existent. The quality of service is very high.
- Mark's diversification into other roles within the company. I and I've read many others didn't like the fact he was in such a pivotal position. I'm glad he's now able to focus on other parts.
Negatives:
- Quality of announcements. I think the way the information has been presented is rather poor and things are able to be presented significantly better. I understand it's a spec and I hate it when people say 'they shouldn't be wasting their time on so and so' however it's incredibly important to present information clearly and coherently at the right time. I don't think this has been done well ever really.
- I believe the downtrend in the SP is for a multitude of reasons though not many of them fundamental. Some include NAB's departure, MW focusing on other ventures, markets expectations being too high and not meeting expected revenue targets, as well as having a exceptionally unstable register with a large portion of shares in retail hands. On top of all this it's a spec stock and can thrown around in which ever direction the market likes without much attention to what's happening on the ground.
I believe an operational / market update on the progress of BOOM or on boarding of clients will allow people to go back to the drawing board and do the maths properly, work out if targets can be genuinely met, and then decide whether or not to re-invest.
Until then it's just a waiting game. I'm done buying but I'm not selling. I think this company will be a true test and I do believe in management, though the SP is a real shame. I suppose the next quaterlies will tell the story.
GLTA holders, this post was merely an opinion from a LT holder and my views are expressed as such. All IMO.
(20min delay)