Have today bought into this company for the first time. Why would I do that when management do not engender confidence based on their recent efforts? The reason is I want to invest in the future of cloud computing, which I see as a serious growth area. I also want to invest in a provider with servers located in Australia. My employer (until I retired recently) had a policy of only alowing its customer data to sit on servers located in Australia. Admittedly they were a bank, but they even knocked back a proposal that used servers based in the USA. I am hoping ASG's Australian domicile is a competitive advantage. The share price seems to me to have now been discounted for the smoke and mirrors efforts of management and the poor recent profit result. Nonetheless, I haven't put it in the "solid dividend provider" part of my portfolio - its more a speccy that happens to pay dividends.
ASZ Price at posting:
56.6¢ Sentiment: LT Buy Disclosure: Held
