Company reported its looking to pursue prosumer market. Possibly looking for further acquisitions in this sector?
Regardless, market would rather see recent acquisitions bedded down and performing prior to further adding bolt on revenue growth. Hence also the comment from the Chairman to move to revenue reporting model, just prior to announcing prosumer market push.
All smells to a shorter term trader, and the break of 3.25 was significant as it destroyed minor uptrend. Break of 3.00 is now a major problem for longer term trend followers.
Ann: Catapult targets 21-30% revenue growth in FY17, page-9
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$2.05 |
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Mkt cap ! $536.2M | |||
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