Interestingly, the loss of those quarterly updates is a big part of what has kept a prospective investor like me on the sidelines (thank goodness, as it turns out). As I noted back in May last year (https://hotcopper.com.au/posts/67676642/single), the stock became a black box once they dried up. How long until they're forced by the ASX to start reporting on a quarterly basis again?
And I'm still confused how they can talk about softer demand for their products, when it's been such a tight labour market and businesses everywhere have been fighting for new talent (which presumably should be driving more traffic into their product suite). According to my corporate HR contacts, white collar job turnover in Australian capitals has been above 20-25%, with unemployment super low, meaning it's been one giant merry-go-round on the corporate ladder. How on earth are Xref not flourishing in those sorts of circumstances? What gives?
XF1 Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
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