You better all buy under $2 while you can...)
From Motley Fool last week..."Shares for software maker Gentrack Group Ltd (ASX: GTK) traded in the $6s and high $5s only a couple of years ago. As of Wednesday’s close, they were going for $1.755.
Shaw and Partners analyst Jules Cooper reckons Gentrack is “a quality business led by a credible team” that can return to glory.
“It is the darkest hour, and the stock is capitalising that into its valuation,” he told a Market Matters video.“We think this stock can more than double.”
The resurrection may have already started, with a positive financial update a fortnight ago pushing the shares up 7.6% on the day.
Market Matters chief James Gerrish agreed with Cooper. “We like this pick and believe you can play Gentrack with less than 10% risk, which is fairly conservative at this end of town.”
