Maybe, but it depends on what the new plan is. It's cheap and has good recurring revenue and a clean balance sheet so it could be ok, but the growth story is probably dead for a while.
The annuity revenue stream will probably go down over the next few years as the UK and Aus markets consolidate (due to idiotic government price caps essentially part-way nationalizing energy distribution, which places huge pressure on GTK's clients to lower costs and not invest), and if they're losing Big 6 clients (like Elo) to Octopus/Kraken then it's not clear where the growth comes from.
An analog here is GBST - they were fine for a long time, then Bravura came up with a better mousetrap and killed them.
Interesting down here...?, page-15
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Last
$9.64 |
Change
-0.170(1.73%) |
Mkt cap ! $997.6M | |||
| Open | High | Low | Value | Volume |
| $9.80 | $9.80 | $9.48 | $560.8K | 58.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3486 | $9.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.65 | 214 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| GTK (ASX) Chart |