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clock Created with Sketch. 22/12/19
12:09
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Originally posted by jellyroll:
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It is a very positive announcement but your assessment is a bit off. Firstly, it is contract wins not revenue and these will pay out over the coming years so not all concentrated in this quarter and secondly and I think it is a mistake in their announcement (I think they forgot to remove the rackets round a place holder) the 7.7 million was the contract wins last quarter and was not an outflow. So year to date they have done 26.8 million in contract sales. This should put them well on course to be sensibly profitable next financial year .... even after todays run we should be looking at a high single digit, low double digit PE for FY 2021.
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thanks for clearing that up!! Looks like Cgs are offering a good service and clients are happy. If they can keep that level of contracts in the future quarters Sp will take off. Market always looks ito the future potential !!
(20min delay)