I've asked this twice, without getting a response - so I'm asking again: what stops clients using existing tech (eg. Bringg, Onfleet, Tookan etc) or new tech to compete with GSW in Australia and, particularly, o/s?
Good tech alone (and this looks like good tech to me) will not assure growth. Good tech that is hard to replicate or challenge will. For GSW to sustain a $500m market cap on negligible revenue, there has to be a reason that folks would use GSW and not one of the many other providers in the space. For now, I can see that they have a geographic moat in the small Australian market - ie. most of the other players in the space have not attacked here yet. But other than that, I'm struggling to see it.
Interested in others' informed views.
GSW Price at posting:
$2.92 Sentiment: None Disclosure: Not Held
