IMO - my observation is the price rallied hard from its all time low and has had some correction in recent weeks. The market seems to have been bouyed by the entry of the new CEO and the companies new vision and now it is awaiting its ongoing rollout. This behaviour is a typical hiatus pattern where market exuberance must await the reality of delivery efforts and time requirements.
Again IMO - the new reset strategy and extension of production range and scope is spot on and plays naturally to all of Class’s core strengths, as well as very real and unserviced needs of the marketplace they operate in and are targeting.
I do not expect to see results of these new initiatives to start materialising until mid Q2 to Q3 and then beyond as they are undertaking and implementing a very bold initiative here - to be the first true end to end accounting system that properly deals with and reports on special purpose reporting entities - maintaining and reporting on the complete asset registry of a clients portfolio right down to member level irrespective of entity structure.
This is a very exciting time to be a holder of this stock as if they deliver and implement as well as they have done in the SMSF space then the future looks very bright indeed - both for the clients and the efficiencies and gains them and their clients will receive, as well as Class S/H’s.
I have been a holder since listing, taken gains where prudent and watched the businesses development accordingly. I am happy to be consolidating my position as others gamble on sentient rather than facts.
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