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Last edited 2 years ago
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#4C Q2 FY23
stale
Last edited 2 years ago

Wasn't impressed with the top line shrinking here, maybe its q4 and a bit of down time on collection for Xmas, but they must either be having trouble on boarding these new clients (and they've said they need to speed this up) or something else is eroding in the background. As was pointed out here on the strawman meeting (I think) they didn't pick up any organic growth in q1 either. These last couple of reasons are less tangible and may be unfair, but I was concerned that it took to the 31st for the quarterly (they did last Jan so maybe no big deal, and everyone needs a bit of allowance in Jan!), and was concerned that they haven't advertised an investor briefing, seems out of character. I said I'd give them 2 quarters and am normally slow to sell, but have broken my own rule and sold out after only 1! I'm happy to watch it upto the next quarterly.