Ann: Shareholder Update, page-14

So for balance, I like that they’re emphasising their channel sales strategies. It’s a capital efficient way to get feet in doors.

The Australian market is particularly strong with anyone whose anyone displayed as logos.

My concern is that since pre listing the CAGR at double H1 works out about 14%. I think there’s kernels of a good business there but they’re just not growing fast enough to outpace their fiscal issues. Agreed there are industry rail winds on funding but there isn’t on top line growth. 14% per annum is just too slow.

I think that there’s outstanding value at this price point with Whispir as an acquisition target. With the current management I just can’t see it ever meeting a >200m market cap.