CRO 2.33% 8.8¢ cirralto limited

Mate, for someone not holding, you seem to have an unholy...

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  1. 3,010 Posts.
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    Mate, for someone not holding, you seem to have an unholy obsession with this Company. Guess you've been burned, and I'm sure we all have sympathy with that.

    I like it from these prices, though. I think the timing's about right for CRO.

    Indeed, the latest Announcements* demonstrate there's strong life-after-Telstra for Cirralto, show revenues and contracted PoolBox customer numbers heading squarely in the right direction, and suggest a broadening of the customer base ("...this month alone, Cirralto has completed two modernisation projects with a National Sunglasses retailer and an Electrical Appliances retailer).

    The Company earlier offered this post-Telstra FY19 Outlook:

    Whilst the changes to the Company’s operating environment has had an impact on the FY18 financial year, this will impact positively the FY19 financial performance as we load the front end of the financial year with the transferred FY18 operations.

    Cirralto’s Board is confident that the impact to the Company’s financial performance will recover quickly and that the Company remains positioned to realise the growth trajectory signalled by the strong customer engagement in the back half of FY18 across the major franchise groups in the Australian and New Zealand pool services sector.

    I guess the difference between you and holders of the stock, Parlay, is ...we're willing to give 'em the chance to prove it.



    * Cirralto Enhanced ‘Go to Market’ Strategy Gains Traction, 9 August 2018
    https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSTYO6gm1zhSZo+V2ke92GA==

    and

    Cirralto Maintains Early Success of New ‘Go to Market’ Strategy, 22 August 2018
    https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSTYO6ga0zRGZo+V2ke92GA==
 
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