Just my opinion, but... They also raised 100 million dollars and...

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Bettt255

191 Posts.

06/02/18

20:48

Post #: 30869152
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Originally posted by elzephyrus ↑

Let's try to forget about the unfortunate asx disclosure discrepancies for a moment & focus on the business..

NA Williams is obviously the monster "deal" that everyone, including myself, is waiting on for an update. If things are progressing well there & NAW clients are starting use GSW software (and is happy with it), then we should all be a little relieved.

But there's also Yum Brands (early stage), who quite possibly decided to roll out across their network of brands after good feedback from Pizza Hut in Australia. Clearly they will be trialing in less important regions first to make sure it can be scaled, but I take it as a big positive that we have a foot in the door there (and especially because we are already with Pizza Hut in Australia).

https://www.asx.com.au/asxpdf/20170428/pdf/43hv7dqg9nkhb8.pdf

https://www.asx.com.au/asxpdf/20171201/pdf/43pt2sm93frkhd.pdf

Then there's Amazon. Obviously no-one knows the size (big or small) of this deal, but GSW certainly sounded excited about it (I know, we shouldn't believe anything they say right). But there's still a connection there, and lots of info on the web about how Flex is not such a great system. Maybe GSW have something better to offer, maybe not. There is a previous connection with Amazon though (via a third party), that may be worth noting (check the link below).

https://www.asx.com.au/asxpdf/20170515/pdf/43j88s995rts4w.pdf

As for CBA. I don't know what all the fuss is about to be honest. I thought the December update was pretty clear. And since then there has been an announcement of a partnership with Toast that sounds fairly similar (POS related).

https://www.asx.com.au/asxpdf/20171219/pdf/43q8wr8dhgs1fz.pdf

So, while all seems doom & gloom on this forum, and GSW has certainly made some mistakes in disclosure, maybe things won't turn out so bad in the end. Only time will tell.

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Just my opinion, but...

They also raised 100 million dollars and just reduced spending on advertising and marketing in the last quarter.

Connect all those dots with yours and you have a company ramping up big time for implementations they currently have nowhere near the capacity to execute. The market will hopefully be a plan of how to get there so well planned out (by pwc) that nobody even cases about the admittedly amateurish disclosure. Which I attribute to bad hiring rather than malice.

Are you ready....

Last edited by Bettt255: 06/02/18

GSW Price at posting: $2.92 Sentiment: Hold Disclosure: Held
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