The $2 mark seems to be a major technical stumbling block for the last few weeks. Whilst I trade fundamentally, it seems as though lots of punters want to cash in their profits at this level, holding the price back in this period of no news.
It will probably take the quarterly report, due in a few weeks, to light the fire and get CSV moving forward again. I wouldn't expect a divvy increase after they have just done a capital raising, but they should announce the value of the NT government contracts and produce another positive result showing further growth.
CSV now ranks 11th amongst the telcos and IT sector by market cap, having surpassed Customers (CUS) and is quickly catching SMS Management and Tech (SMX). Whilst there is a big market cap gap, at this rate of growth it will in the coming years be in the same space as Iress and Singtel. Looking forward to the next leg up after this consolidation period.
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