I liked the investor webinar.
just to get this out of the way. Things aren’t all bells and whistles, anymore. It’s been a hard run to hold onto this stock.
personally I’ve been disappointed in the past by comments made by Adrian that have indicated to the market that things were taking place sooner than they did. Rationally I can justify delays to execution based on whats happening in the world. In regards to the sp, Some of the largest companies on the planet have lost 50% of their sp, so it’s not surprising that a little asx company that’s not profitable that’s reliant on a dw, for its grand schemes is going to be hammered. That I can accept, the comments in the first place are inhindsight are error. I will say if we didn’t have the world shit itself, and spenda achieves its dw 6-9minths earlier, and I’d assume it would have been bigger, then we are in a different position and Adrian’s comments are judged differently. I have always viewed Adrian as honest, passionate and committed to his work, so Fuel that with every interviewer going well high will it go and that’s what we’ve got, “it’s going to go really high”. Once again in hindsight hardly the right comments to make,
Moving forward to this webinar Adrian is a lot more balanced, there’s no over promising, hes stated the company objectives very clearly and the path, and it’s clear he’s responded to shareholder feedback on presentation, simplifying the product explanation, no analogies. So has Adrian simply been told to rain in his enthusiasm by his fellow directors, perhaps. He certainly wasn’t going for a big pump in this webinar. It seemed measured, calm and in control. I think that’s positive. It gives me more confidence that his words to begin with, although out of place were based on his honest thoughts on where spenda was going and then war, disease, inflation etc occurred delaying everything significantly. Just my thoughts.
Some other points,
the road trip to Singapore sounds extremely promising, licensing to be acquired coupled with spenda upgrades to
handle international payments. 18-19 presentations, people are obviously interested. Obviously if we can break into this market, a lot more zeros in payments and lending. I assume that we will see a CR shortly with instos buying in based a couple of his comments, and I would hope that this would instantly correspond with a larger dw. Adrian spoke a few times about wishing he was able to go sooner, an insight into the delays they have experienced.
announcements soon to be made on e-commerce.
simple message on road to profitability, utilise 60% of the dw through our existing customers. Simple steps and this can be achieved.
a deliberate focus to work within frameworks/networks of businesses with buyers and sellers that have stable reoccurring transactions. So 95% of our revenue you can plan on occurring next quarter. I think that’s reassuring. Obviously you’d be a fool to believe that anything is 100%, even within the tightest relationships, but it’s still exactly what you want to hear.
the dw is a significant achievement within the current climate, I note a few here 3-6months ago were saying it wouldn’t happen. It was impossible based on the current climate. Well, It was delayed, but has happened. As stated before our trajectory of our revenue should now change.
so I’m positive,
next quarter, I think, there will be limited impact from the dw due to there being a month delay in revenue. So we really only have September minus obvious times to onboard companies. so 2-3 weeks of revenue from whatever onboarding we’ve done in that time.
we can still expect payments to have increased which will flow on.
outside that, it’s wait and see.
hoping, expecting for a big result in Dec and March.
if you like what he’s said, it’s a great price to buy in at.
have a good week.
Expand
(20min delay)