What do they say "past performance is no guarantee of future...

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minimoke

2,816 Posts.

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12/11/20

09:18

Post #: 48816245
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Originally posted by healthyinvestor: ↑

You raise some fair points, but a lot of the turnover occurred before the current CEO, mgmt team and board have been implemented. It's been a turnaround of sorts.

I agree they never landed much business with IKEA and 7/11 ect. I think some of their competitors might've had the up on them. White Castle was overhyped but then again they only just recently rolled out their services to all stores, after almost a year of pilot projects.

In terms of mcd's they've done well to expand it over the past 3 years. But they need to roll out more features to their customers to grow revenues.

I can give them somewhat of a pass with covid having slowed down sales, and given them time to improve their offering in the mean time and gain clarity around strategy.

I saw in an AFR article the CEO said they had plans to grow revenues to $100m and that this was entirely possible as the market is growing and their position within it does warrant this forecast. Rest assured that the board have developed a good strategy and pathway to achieve this. Execution is what we're betting on.

The next 12 months are really important. They need to sign up lots of customers if this is to take off.

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What do they say "past performance is no guarantee of future performance" - or something like that.

I'll be in for my full allotment of shares - though I suspect we'll get scaled back

Price at posting: $1.55 Sentiment: Buy Disclosure: Held
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