I would have liked a little more clarification of the breakdown of talks with Telstra.
While I don’t think the Telstra deal is a huge loss in the grand scheme of things, the reasons for the the deal falling over would give a some insight into the outlook on the viability of the product.
Were Telstra unreasonable in the breakdown of income or data? Did they not believe it was viable after their due diligence? Did Telstra need to be exclusive for the deal to go through? Who walked away from the deal?
Telstra was obviously first choice for Buddy and then to promote Dicker as a great option in Aus screams of we couldn’t get first draft pick but we would have picked second anyway.
Saying that, I believe Buddy has great potential and I have added to my humble holdings at these levels, however seeing an accelerated growth in income in the quarterlies is a must for me.
You can have a thousand distributors, but if the stock isn’t leaving the shelves the focus shifts elsewhere very quickly. An idea of install numbers trial, paid, promotion or otherwise would be great.
BUD Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held