RE: Can see this will move next week1 Jun 2021 19:31
Momentum has picked up but there is no discernable trend. Yes, news is what will do it - big time. We are 34% down on IPO price [2016] + 85% down from ATH [2018], on a company that has only grown. They will know this inside and out, it's pretty damn embarrassing - so my bet is that they will be trying desperately hard - I desperately hope - to get there ducks in a row. We have clear instances of that already: the explanation of the switch in focus, that it'll be a transitional year, they are working to convert a strong pipeline, the new website that coherently pulls that vision together. In this instance I would much prefer to wait for stonker news than have drips and drabs of mediocrity. There are other clear signs: the IT recruitment that's going on + an annual report which emphasises new software development. As a shareholder in this company you have to work it all out for yourself - because for a coms business the board lacks communication skill - but it is starting to look a lot more joined up with its strategy