A small player for sure but growing, which is what you want to see - so long as they don't try to go too fast with acquisitions. ICT definitely dominated by bigger mobs but the Federal Government is actively trying to get smaller outfits involved more in landing contracts. With the VTS acquisition and the panel status it brought with it, Cirrus SHOULD be in good position to land some of that lucrative Federal Government work. Nothing yet on that front, and the clock is ticking and market watching, which probably helps explain the share price along with tax-loss selling and the departure of Frank Richmond.
Throwing darts to try to guess where to from here in short term for share price. But obviously any movement on landing a decent fish out of the Canberra office should be a significant catalyst. The next quarterly could also shift the share price one way or the other depending on how the numbers are running. And just June 30 finally passing should put a bit of a cork in the sellers you'd think. Patience required here, for mine. I'll keep buying the dips.
CNW Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
