Sad Story Of Dwindling "Past" Success This One.... They have an...

Sad Story Of Dwindling "Past" Success This One....

They have an old executive management team supported by an old board both of which lack imagination, conviction or the ability to innovate let alone the wisdom to get out of the way of the smart new blood and let them do it on their behalf.

In financial technology investment terms... If you have a spare dollar... this is where you send your investment cash to die when you buy their shares. Ironic really for a company that once managed most of the settlements transactions on the ASX.

In short this company has been a two trick pony for far too long and the pony is getting very old indeed...

In reality they have their old "Shares" platform and their old "Super" platform both of which deliver a poor user experience at best in 2018 terms and it will only get worse in 2019, 2020 and so on.

They survive at the moment purely on past success because of the businesses founder who cut a path in a green forest a long time ago and has now himself retired a few years ago.

Radical change and innovative self disruption is sadly beyond them and they are slowly being eaten by the likes of Bravura and others in the market and the best they can hope for is a buy out which is never coming.

Why buy what you can beat with a better offering ...

DYOR