Yes agree the announcement was very disappointing.
The disappointment becomes more unpalatable when you know that Symetri makes money by managing claims on behalf of insurance companies, and only today Suncorp announced that FY18 worst year on record for natural hazard costs, with 8 events in New Zealand.
I look forward to a good explanation from the Stream Directors on why they missed out on this huge opportunity!
It will also be interesting to see if they provide information on what new clients they gained PLUS the existing clients they lost over the year for using their software-as-a-service technology....and the financial impact of any gained/lost clients.
I do still see hope in SGO, and will hold on to my shares waiting for some positive news.
SGO Price at posting:
2.3¢ Sentiment: None Disclosure: Held
