Parlay, all I'm saying is that the Telstra restructure, which wasn't looked for by Cirralto or by the customers introduced to Cirralto via Telstra, may have a silver lining for CRO:
The Company has already successfully demonstrated its solution capabilities to three substantial customers; one being in the retail franchise market and the other two being in the retail food distribution and hardware and supplies distribution verticals. The Company is undertaking pilot programs with these Customers and will update the market accordingly as to the progress, success and timings of these programmes.
You've only to listen to the evening news to know Telstra's in a shambolic state at the minute, with management flip-flopping on business direction and emphasis almost daily.
It may well be that with CRO able now to deliver hardware, services and (critically) finance too - courtesy of Classic Funding Group - within its suite of product offerings, customers actually prefer clean, direct engagement.
We'll see, I guess.
We're being told to brace for the impact of the Telstra shenannigans on FY18 revenues and cash flow, but to look beyond to a strong FY19 outlook with "...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".
At this share price, I'm willing to give it a go.
The Company was trading at more than twice the current level before the Telstra falter.
CRO Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
