Solid results and outlook. Plenty of green shoots and answers the question around competitive landscape vs Covid impact which MCQ clearly got wrong. Given the narrative around H1-21 still facing headwinds it wouldn't surprise me if management have gone extra conservative on the 120m-130m outlook.
If the world can return to 80% normality in H2 I suspect it'll be a very big 2nd half to year and closer to a c.160m run rate.
I'm also really liking the continued switch to committed revenues (now over 30%) vs just historic project revenues. This will be a significant driver of multiple over the next few years.
Let's see some green after a tough few months!
Solid results and outlook. Plenty of green shoots and answers...
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47.0¢ |
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Mkt cap ! $104.5M | |||
| Open | High | Low | Value | Volume |
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| 8 | 119772 | 47.0¢ |
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