Smartspace Software Share Discussion Threads

[nico115] 25/11/2021 17:42

Totally agree How many times did Frank say words similar to "our internal forecasts are much lower as we don't want to earn again but the BOD are much more bullish "Then buy the bloody shares Directors own a paltry amount ..it's not on This stock looks bloody cheap now but if the directors don't have confidence why should I ???!! I've had a pretty decent year thankfully but this is now my worse investment ..shocking

[dodger777] 25/11/2021 16:28

If the management want investors to take the company seriously they need to put their hands in their pockets and buy a meaningful amount and not the pathetic token gesture they did recently. The have done nothing to stem the collapse of the share price. All this talk of £5 quid future share price is making them look stupid and like spivs.

[nico115] 25/11/2021 14:34

I bought 30k at 67.5Really not happy about director buying BUT there's always a price Too cheap here Imho

[wanttowin] 24/11/2021 19:50

Lol no nico115...thats not my league, mine was the 4k.

[nico115] 24/11/2021 17:08

Did you sell 50k ?

[wanttowin] 24/11/2021 15:47

Just sold all my holding, and it has been my single biggest loss over the last two years..

Why I held on to this crock for so long stinks of stupidity, lesson learnt the hard way.

[cordwainer] 24/11/2021 15:01

That's also a good point I might check up on .. in the sense that Evoko and Space Connect could easily be at least launchpads for popular software such as Teams. I forgot whether Teams has actually been mentioned by the company.
edit -

[loglorry1] 24/11/2021 14:45

Yep all good points. I guess my worry would be that Microsoft could just add a module to teams to support all this stuff and integrate with people working remotely.

Good luck.

[cordwainer] 24/11/2021 11:10

@loglorry1, They are focusing on ARPU rather than userbase because of the high internal costs we have been seeing.
The alternative is higher revenue but with higher customer churn rate, losses and shareholder dilution going forward - which would not support management ambitions and share option targets. I think previous announcements have suggested that new customer sales with minimal subscriptions were a bit too easy and probably loss making because of higher churn.
The management response to the situation seems sensible, as they must convince investors that they can construct a scalable business model without self-defeating runaway costs.
Maybe there will be periodic cycles of growing user numbers vs. growing ARPU as they gather experience for honing customer management and marketing for a more controlled growth, but an emphasis on ARPU implies engaging more closely with customer needs and creating a virtuous circle.

[nico115] 24/11/2021 08:56

I agree with all you say but you still see decent director buying in many stocks so there's a choice out there.Frank came across very bullish at Investor meet yet not one Director made a decent purchase Do as I do not what I say ...or something along those lines.

[loglorry1] 23/11/2021 14:43

I know but it almost always is.

I'm impressed by large director buys where they actually put their hands in their pockets for meaningful amounts but to be honest they seldom need to bother as they can just award themselves generous stock and options schemes then claim they are closely aligned with shareholders.

I quite like what SMRT are doing but I fear it is easy to replicate by a bigger corp with better sales channels. Also their decision to grow ARPU rater that grow userbase was puzzling. Getting a large SAAS userbase and then focussing on ARPU makes a lot more sense. It strikes me that a new sale isn't at all easy.

[nico115] 23/11/2021 14:34

Cos it shouldn't be a free ride

[loglorry1] 23/11/2021 13:40

Directors get free shares why would they need to buy ? ;-)

[nico115] 23/11/2021 13:29

Let's see if a 60pct fall entices directors you buy !!I'd they believe their own internal forecasts they will be HUGE buyers of SMRT Herr as they look bloody cheap now

[nico115] 15/11/2021 18:21

Haha nor can I !!No sleep for 3 days doesn't help !!

[darryn1] 15/11/2021 18:18

You first said "can't wait to sell my shares on a rally" and "I've lost faith and trust in this management" and then you said "I'm still bullish here and have a decent position".
I can't figure out whether you're coming or going!

[nico115] 15/11/2021 17:53

I'm still bullish here and have a decent position Sum of the parts still a lot higher than mkt cap

[nico115] 15/11/2021 16:36

If management shares your positive view they would NOT collectively have decided to buy 10k shares each Pathetic I don't share your enthusiasm and can't wait to sellMy shares on a rallyI have lost faith and trust in this management and don't believe a word they say.Sorry but that's my genuine opinion ..not deramping as no interest in adding.

[homeboy] 08/11/2021 19:38

didn't previous ceo jump ship on this and end up at PTY

rubbish business checking swipe cards for people who now work from home lol, got well ahead of itself, coming back to earth now, big time

[harrogate] 08/11/2021 16:42

No doubt management credibility has taken a massive hit here. And it will take a good run of positive news to recover it. But the fact remains that the swiped on business is growing fast has a number of positive actions that should increase ARR and ARPU in the next 12 months and based on real and recent M&A in this market is worth more than the current market cap. But they need to get their heads down stop promoting so aggressively and hit the numbers over the next 18 months. I am sticking with it

[nico115] 08/11/2021 11:58

I don't share your optimism Harrogate I can't wait to sell Into a rally above 100pI don't trust the directors any more How dare they ramp the stockUp at investor meet and buy such a paltry sumDon't tellMe it's just a coincidence that they all decided to invest 10k ?!! Hmmmmmm

[harrogate] 05/11/2021 08:16

I think they will move to a 100% SAAS business eventually. And be taken out. Have to accept some bumps in the road of course and we have hit a large bump. If only the price was only 25% below its ATH.

[masurenguy] 05/11/2021 08:09

"This sector is awash with M&A at prices of 10x ARR". Very interesting comment Harrogate. On that basis you would potentially value the business at 50% above the current shareprice, which is still circa 25% below its ATH just over 4 months ago.