Been telling people from the days it hit 70 cents that this is probably one of the most overvalued small caps on the asx, a 65+ p/e given it's existing growth rates and inherent dependency in the business models on securing short term contracts is a ludicrous premium to be paying. People get carried away with a businesses that are easy to understand and recognisable, especially in the technology sector so it's not totally surprising.....
a massive SELL sentiment on this if you're looking for capital preservation over the near term horizon
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Will Souter, CFO
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