I’m really bullish on this tech company. I’m a user and a believer that it could be a significant player in the years to come. The keys for me are the recurring revenue rates which are high - they have a meaningful subscription fee which means they’ll generate cash. This fee is taxable for trades and ABN holders. Trade is a never die industry. That is, technology will no be able to fix a busted toilet, build an extension or paint your house.
In Covid we have seen house listings increase and with this comes a need for trades (paint/handyman/landscape etc). If people aren’t selling they have probably saved enough to do the jobs they have always wanted to do.
On top of that they will be offering a platform for record keeping / invoice and receipts, diarising upcoming jobs and accounting for travel to and from etc. lots to like
I think $400m MC for an establish business on the rise, who could follow the likes of CAR and REA in advertising spend and market share is value. I think $1.5-$2b is a great target over next 12-24 months subject to growth trend continuing. It’s helped by what I believe is a tight register with T20 in excess of 75% plus some large fund and/or investment companies becoming sub holders I.e AEF CGF News Corp etc.
I’m really bullish on this tech company. I’m a user and a...
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Last
$1.15 |
Change
0.045(4.07%) |
Mkt cap ! $147.1M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.15 | $1.10 | $18.93K | 17.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 17796 | 6 |
View Market Depth
| Last trade - 12.26pm 06/05/2024 (20 minute delay) ? |
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Last
$1.14 |
Change
0.045 ( 3.40 %) |
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| Open | High | Low | Volume | ||
| $1.11 | $1.14 | $1.11 | 1001706 | ||
| Last updated 11.34am 06/05/2024 ? | |||||
| HPG (ASX) Chart |