Pinned straw:
jcmleng
Thanks all, for comments. Didn't attend the call as it clashed with an EOS call - much more exciting things happening there.
I'm in shrug-shoulder mode with a 77% paper loss IRL on ALC, after doubling down in Mar 2023. Being on the cusp of $0.00, losses from here are definitively and totally capped! ALC has some locked in recurring revenue that makes it worth something a little bit more than $0.00.
ALC would be steal from an M&A perspective if the buyer had a vision of how to integrate ALC's offerings into their solution and/or kill it altogether to move existing customers onto their platform. Might get a penny or 2 more if this happened ...
@nerdag's bullish view and doubling down is a very interesting contrarian view. The bad news, "it will come" deals are in the pipeline with some signs of a pulse, ALC's product has a reasonable installed base, potential to be taken over, together with all the uncertainties in deal closure, political uncertainty, capped investment floor etc. does make the contrarian view worth considering for me.
Will sit tight for now until iI have digested the mountain of other reports ..
UlladullaDave
There's not a lot to get excited about with today's announcement. Potential for negative top line growth and a FY loss. They are cutting costs, but the fact they are even in this position remains a massive black mark against current management.
This year is an election year in the UK which doesn't usually bode well for getting contracts through the machinery of the bureaucracy.
The sentiment around this company will change when they start showing profit. I just don't think contracts will do the trick. This just has the smell of another ASX coulda, woulda, shoulda smallcap.
nerdag
On the call, extra 4m in savings will be primarily from additional staff cuts, and Kate dropped that competitors are doing the same (plausible).
The other thing to note was that they are seeing signs of life in the tender space.
Contract renewal on Dartfordshire is materially higher per year, than the initial contract, already public knowledge even though not yet announced on ASX.
Nothing particularly noteworthy, and the stock is likely to trade sideways until new contracts are secured, which seems to me to be more likely than not.
This is one for the patient, and not yet burned or jilted investor.
RhinoInvestor
I've got some ideas about where at least 1.88m of the the cost savings target could come from (quoting the FY23 Annual report)
DISC: I am a burned and jilted investor IRL and Strawman (but they have scorced 58% of my capital already so there is so little left I'll just go along for the ride)