Very bullish outlook statement3 Jan 2017 14:20
Just re-reading the late November update and the tone is very bullish indeed.
"The Company enters 2017 with tremendous scope for both organic and acquisitive growth, both within existing markets and new territories. High levels of recurring revenue, increasing economies of scale and largely fixed overheads mean the Company is now structured to deliver significant revenue growth, high levels of operational gearing and strong cash generation over the next twelve months." ....
"We have enjoyed a tremendous 2016: customer numbers have more than trebled, new products have increased the scale of the opportunity, and we have started to create a truly global operating footprint. Given the plans that we have in place, I look forward to an even better 2017."
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And then on the back of that the CTO buying almost £200k worth of stock a few weeks later certainly shows where management views the share price heading.