Is there any reason why we are not publishing 'sanitized' metrics on bank wins, size of total / target (smart phone enabled) market, adoption rates? We don't need to mention the name of the bank to protect their strategic plans. Though, it would give investors (other stakeholders) a sense of progress & momentum
By mid-November we'll know all that we need to know. By then the Annual Meeting will be complete and there will have been 2 Investor sessions. They will tell us; whether Al's head is still in the game, whether the old & new guard are getting along, whether Leadership has learned that they need to be much more forthcoming on progress in executing the strategy so that investors buy into the plan. They should not hold the meetings unless or until they have material PR about new customers / partners, something believable to say about delivery of what functionality in Monitise 2.0 by when, what metrics we should use to judge progress & the frequency with which they will be reported. They should share the economics / risks of the new business model; including the positive / negative impact if any one customer joins / leaves (Visa). They should share how & why IBM makes a good partner. Are they motivated to execute with a sense of urgency with both setting up the cloud environment & more importantly business development. Lastly, we need to hear how we intend to win the fight to attract & retain key people talent. As someone with a largish position, I hope they are up to the task. Hopefully, this little downdraft in the stock price helps them understand that failing to share the above would be catastrophic
Share price matters...let's hope we are taking advantage of the low share price as a means to attract talent...offers prospects significant upside. We win if we have the right talent & execute with a sense of urgency...like a start-up
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