CAT 3.14% $2.63 catapult group international ltd

Ann: Catapult targets 21-30% revenue growth in FY17, page-35

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  1. 4,532 Posts.
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    30% revenue growth is a joke considering the acquisition they made and their previous valuation multiple. $3 was approx fair value before considering a higher top line growth etc. The charts completely reversed as well. Looks like it's a become the classic ASX pump and dump tech stock (1pg, rfn etc). At least this one is making money so your downside risk is limited. I'll see what valuations I get out when i go home and look at it more carefully. I certainly wouldn't be buying at $3+ anymore but might consider low $2 and sub $2.
 
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