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Revenue up 61% from both excellent organic growth and growth from complementary acquisitions
Margins up 33% with strong operating cashflows.
Excellent management, more acquisition opportunities in fragmented industry and virtually nil debt.
Good outlook " the sector remains very strong".
EPS up 127% PE c10. What's not to like?
Also - as noted on HC - now passed $100m mcap making it a buy option for more small caps funds looking for top operators in each sector.
Last edited by DarkHorse; 17-08-2016 at 08:45 PM.
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Originally Posted by DarkHorse
Revenue up 61% from both excellent organic growth and growth from complementary acquisitions
Margins up 33% with strong operating cashflows.
Excellent management, more acquisition opportunities in fragmented industry and virtually nil debt.
Good outlook " the sector remains very strong".
EPS up 127% PE c10. What's not to like?
Also - as noted on HC - now passed $100m mcap making it a buy option for more small caps funds looking for top operators in each sector.
Yes a great result.
I hope Noodles will post his thoughts.?
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I usually stay away from stocks like these but on closer inspections the numbers all seem to add up and MC seems small compared to them. Got in with a small parcel at 81.5c this morning.
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Member
A nice bit of movement here after a couple of stagnant months. No news to come out of the Co. IT services firms still don't fill the market with confidence but maybe we are seeing a push here towards fair value
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The last few days has seen an increase in share volume with a rising share price which, with my limited abilities, makes me think a re-rate is on the cards. Therefore have picked up some more at 90c yesterday. Don't really have a long-term plan with this one. Basically jumped on the 52 weeks high and ride the wave for as long it lasts.
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Originally Posted by Paper Tiger
You can hold me partly responsible for the increase in share price and volume as I have been buying of late.
I decided to buy after noticing an increase in share price and volume.
Best Wishes
Paper Tiger
Bit more effort required please, as the sp was down today .!
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I still have resistance buying on increase in vol and s/p; i know they are good indicators to add. I tend to get set early as my first strategy /priority and top up on dips if i have a strong conviction and the trend is still up. Both are good ways of getting to the same place in a good stock. Topping up quick smart on good news also a good way to get in before a price reaction if one has the time to be trawling the ASX announcements frequently.
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The little dip didn't last too long. Was wondering why the spike today and I just found out that their CEO today has reiterated revenue growth guidance of +10-15% and EBITDA marging of 13-14%.
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Member
Cheers silu. Do you have a link to the news article?
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