Hi
@mad max Yes, quite the painful journey on this one. There will be an Investor Presentation on November 22, alongside the AGM.
The presentation will likely say:
- how great it is that they have 'tidied up' the debt arrangements
- how excited they are that version 2.2.2.2.2.2.2. will be released soon
- How NaaS is THE FUTURE (all the other futures we were told about have now disappeared, along with all the teams of sales people)
- how simple and cheap their offering is - everyone should be using it (why aren't they?)
- they are developing some new product that will do what none of the others have done (just in case NaaS isn't THE FUTURE).
- they have presence in markets all around the world now
- IoT labs are up and running all around the world
- they continue to sign up more major clients
- they expect recurring revenue to continue to increase as a percentage of total revenue (not too hard, as total revenue is declining)
- COVID is impacting outcomes because they can't have face to face sales meetings
- there are billions of opportunities out there BECAUSE people can't have face to face meetings during COVID
- they expect to break-even in China by 2025.
- they won an award a decade ago
- don't look backwards, only look forwards, because it will be different now - NaaS is THE FUTURE (until it isn't).
No doubt some reading this will think I am being negative. I challenge those readers to wait and make their judgement after the Investor Presentation is released.
For years I have been giving my thoughts, ever hopeful that I will be completely wrong. I am again, really hopeful I will be completely wrong now. We will all know in a few weeks whether I am, or not.
Succeed or fail.
(20min delay)