Hi Tyler...
Thank you for bringing your research here .
...And I try to only think things after I know a bit more about my subject... which in the case of Tambla, as I have already said, is close to zilch.
In an ideal world those other sponsors you noted - if connected to Alayacare - would be using Tambla by now ?
Your report was dated November 30, 2018 - 14 and a half months ago .
....But, on the Tambla partner page on its website, it says Alayacare is just one of 25 partnered or integrated entities ...so maybe Person Centred Software etc are using one of the other systems that uses Tambla? Or maybe not.
With respect to slightly deeper research, I have been wondering about Tambla’s points of difference, if it has any, and its competition as I really don’t know anything about the company except what I have posted.
...Except - looking at its chart of price performance - it seems ready for either a death knell or a turnaround .
Hopefully with Chris Fydler appointed as new leader last November it is the latter, but I note it is a very small company
FWIW here are a few competitors in the payroll field which may explain Tambla’s ‘face to the wall’ lack of growth ?
In regards payroll (and maybe more?) Elmo has a market cap of about $577M compared to Tambla’s less than $8M, and has gained 208% since it was launched on June 30, 2017 .
In the same time frame Tambla has lost more than 40% of its value .....
That’s not a good look - especially if customers have been going elsewhere .
ELMO Software Ltd (ASX: ELO) (02/12/19)
ELMO is a cloud-based human resources and payroll software company. It provides a unified platform to streamline processes for employee administration, recruitment, on-boarding, learning, performance, remuneration, compliance training and payroll. It has been a strong performer over the last couple of years and looks well-placed to continue this positive form in FY 2020.
https://au.finance.yahoo.com/news/5-exciting-small-cap-asx-045809760.html
PayGroup (PYG) launched June 1, 2018 has lost about 14.5% in value, but still has a market cap of $44.78M
US-based international payroll company launched on NYSE in 2018; https://techcrunch.com/2018/04/26/ceridian-up-42-following-payroll-software-ipo/
Also seems to be doing OK ?
On February 6, 2020, The Australian published a story on Ascender - another payroll company hoping to list ..that generates $20m a year in earnings.
I will put the entire story in the spoiler in case the information is of use to anyone...
https://www.theaustralian.com.au/bu...o/news-story/1a60318a490b0a2b51bb837606c74d1f
Hopes rise for Ascender IPO
Ascender CEO Andrew Wilson.
Fund managers paid a visit by those involved in the upcoming float of payroll software services provider Ascender are cautiously positive about a potential listing of the business.
- BRIDGET CARTER
DATAROOM EDITOR
- 12:26PM FEBRUARY 6, 2020
Ascender, advised by Macquarie Capital and Morgan Stanley, describes itself as a payroll and human resources solutions provider.
Prospective investors have been offered limited detail on the company, which generates about $20m of annual earnings before interest, tax, depreciation and amortisation.
They believe that the devil will be in the detail, given that about 75 per cent of the spending on research and development is capitalised rather than expensed, which results in limited cash earnings.
It is expected that earnings will likely grow by between 5 per cent and 10 per cent.
A point of focus will be on whether the company’s implementation and outsourcing revenues will be as high a quality as the software revenues.
READ MORE:Ascender closer to public offering
Another will be the current work being undertaken on the company’s Asian platform.
It is understood that the hope is the business will have a market value of about $300m.
Last year, Ascender was making acquisitions before its listing plans, buying human capital management company PeopleStreme. It also partners with human capital management and workforce management businesses.
The pitch is that the company is operating at a time when workforces internationally are undergoing disruption, with resources management becoming a core function inside organisations.
Many organisations work across several platforms to manage recruitment, payroll, talent management and employee engagement.
Private equity firm HarbourVest Partners is a backer of Ascender and it was founded by Andrew Gray, who is executive chairman.”
..... How long have you held shares here Tyler
....and, if you don’t mind my asking, what prompted you to buy?
After expanding my knowledge that little bit more this evening, I won’t buy any more shares than the few I hold until I see what happens next ..
cheers
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