Hmm ...yes, perhaps now we can begin to understand why the Board was wetting itself with excitement at the Company's prospects before the Telstra googly.
And why the share price looks ludicrously oversold now, particularly considering the silver lining of Telstra's stumble may be improved margins. As it said at the time:
The Company expects that the overall effect of this change will be a net zero impact over the term of each customers’ engagement and with potential to see an increase in the value of each customer engagement. (Market Update, 27 July, 2018)
Also overlooked on that torrid day, I note, Copperroad:
The Cirralto PoolBox solution continues to gain traction in the pool and spa market with over 100 individual customer engagements and implementations under way. (Market Update, 27 July, 2018)
Do the maths.
CRO Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
