Hmmmm, well they may be need to be taken with a pinch of salt unless they are from a credible source. In a small company when senior staff are changed then feathers get ruffled, and to be honest feathers need to be more than ruffled in this organisation given its previous abysmal performance at delivering shareholder value. Whilst i have no doubt that the change of CEO will bring about some fresh thinking and change of direction, he also needs to have the metal to challenge and change some of the sales and delivery personnel also who don't hit the investor headlines but are equally responsible for the poor performance.
The strata management business has been as far as i can see a success since it was bought. The two large contracts last year seemed to be mostly based around this product offering (King Price and PICA) and the figures they always quote showing an expansion in customers/units under management year on year is all about that business as far as i can see. Whats really dissapointing is the original Urbanise business which was portals and FM and devices seems to have fallen on its face as far as customer uptake is concerned which is where no doubt the majority of the IPO and further funding money has gone.
Whats also unknown at this point is exactly what the new products bought from Argosy are contributing to the business. The fact that no information has been released is ominous i feel and probably the first point that we will find out is when the FY17 accounts are released as im presuming they will be split out in whatever the schedule is that shows different business streams (cant remember its name).
I think we all need to brace for impact as far as the year end results go... i then predict an investor pack full of bright new promises and alluding to opportunities which will appear in the next year.
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