ACONEX - online project management software

[NZSilver]

Aussie company that is going global (very quickly)
Plenty of cash & profitable
Share Price uptrend
Growth sector and high regard from clients
Recent acquisition puts it in the top 3 globally
Signed some of the worlds largest construction companies
Huge potential
I've been holding for about a year, listed Dec 2014 for $1.90, now $6-7
Quite tightly held stock
Expensive fundamentally but huge grow potential in the next few years
Buy rating with target at 6.43 (before recent acquisition and signing of largest USA construction company)
Well worth a bit of research
Risk - competition, software issues, market correction

[duncan22]

Couple of reviews of the product here: http://www.softwareadvice.com/au/construction/aconex-profile/#reviews

I had my finger on the trigger when it dipped to $4 recently but didn't follow through.

Hoping for a pullback (either market or company specific) before buying a parcel - hoping it doesn't run away before then.

Seems a better buy than Xero currently on valuation and the fact Xero has large competitors whereas Aconex seems to have more of a monopoly and network effect.

Good article here from Mike King:
http://www.fool.com.au/2016/04/01/is-there-still-time-to-jump-on-aconex-ltd/

[NZSilver]

Duncan - should have pulled that trigger, you be up 60%, the one that got away. We'd all be rich if we could act on hindsight. I think there was a chance when it dipped to around $6 yesterday but I see this moving higher quickly. But my foresight is a lot worse than my hindsight....

[NZSilver]

http://www.afr.com/technology/aconexs-global-growth-story-is-just-ramping-up-20160404-gnxo3r

[NZSilver]

Not many down days for this one at the moment.

[duncan22]

Not many down days for this one at the moment.

Finally got on board at $6.12 average in my super fund - seems expensive now but with no major competitors and heaps of room for growth should look cheap in a few years!

[Joshuatree]

Heres the ticker, ACX Been pretty busy in April!; first look for me thanks.Quarterly Activities & Cashflow Report - March 2016-ORE.AX (http://hotcopper.com.au/threads/2750100/)
Aconex reports results of Security Purchase Plan-ACX.AX (http://hotcopper.com.au/threads/2747698/)
Aconex Signs Enterprise Agreement with Fluor-ACX.AX (http://hotcopper.com.au/threads/2740269/)
Aconex Completes Conject Acquisition (http://hotcopper.com.au/threads/2738851/)

[NZSilver]

Good buying good patience Duncan!

[NZSilver]

new high this morning

[duncan22]

http://www.fool.com.au/2016/06/17/broker-slaps-10-price-target-on-aconex-ltd/

[NZSilver]

100% since SPP, brokers have $10+ target.

[macduffy]

I'm keeping an eye on this one.

Shareprice has dropped back from $8.75 a couple of months ago to around the $6.40 mark currently. Possibly due to selling by one of the founder directors - he still has 11m shares! Today's market isn't the time to buy, for me, but the time may come!

[duncan22]

Some serious shorting going on in this stock: http://www.shortman.com.au/stock?q=ACX

What do they know that we don't I wonder...