The board has just rejected a PE takeover offer at $1.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02910509-3A661163

Coupled with the latest quarterly results showing continued growth of subscription revenue, I’m hoping that this one now can run up towards that value. After about 20 months holding so far just to get back to even it really needs to do something (given its massive market underperformance). Maybe I am too slow to cull underperformers but generally like investments at this end of the market to have 36 months to demonstrate their potential (or show me that I made a horrible mistake with my initial hypothesis).