Well, all good questions ...and scepticism is healthy enough....

Well, all good questions ...and scepticism is healthy enough.

Though I'm surprised your "Sentiment" on the stock shows as "Buy"/"Held", Copperroad, when you seem so determined to talk it down.

I'm just happy to have seen something of a seachange for Cirralto during the week.

Looks like management has adroitly addressed the Company's changed circumstances, with the first trading weeks post-Telstra showing real promise.

A good start toward delivering on the FY19 Outlook offered in the Market Update of 27th July:


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 ...


It's true, as you observe, 15 jobs probably isn't a large enough sample for us to conclude an average of circa $25,000 per client.

But I'll take the $375,000 in reported contracted revenues very happily.

And the fact of its news raising the week-on-week closing share price so handily too.

Okay, so 75 monthly implementations by October is aspirational for now.

From the current market cap, against numbers with that sort of promise, I'm willing to give the Company time to hit its straps ...particularly if another seachange signalled by Thursday's Announcement is that CRO will henceforth be keeping shareholders better informed, with regular announcements and plenty of numbers to chew on.

Re-contracting the rest of the 100+ customers from before the Telstra shemozzle should offer a good jumpstart to newsflow.

Then rising volume of fresh contracts - the more so, as CRO branches out from PoolBox into offering 'Boxed' solutions for other customer aggregates.

This is an entirely scalable business.



We'll see. But I wouldn't be too eager to toss CRO out lightly. I've seen a few of these littlies go stellar recently with the arrival of actual revenues.