Ann: Class - 30 September 2017 Update, page-3

I agree that I expected better. I will continue to hold but would not be buying at the current price

I also noticed that Class's main competitor BGL continued to have growth during the same period in which Class said "SMSF accountants continued to be impacted by the implementation of Super Reforms. Class achieved a very high win ratio for customers moving to the cloud, but many potential customers deferred their decision resulting in lower than expected accounts growth for the quarter."
https://www.smsfadviser.com/news/15941-simple-fund-360-sees-uptick-in-funds-over-september-quarter