Spent last night go into details of the report
Market is waking up to this tech sleeper, operating leverage is at hand, extra 4% margin expansion this half, predicting 2024 13-14%
more expansion continues in FY25 to 16-18% (previous guidance 15%) but I don't think it will stop here I expect post FY25 it will keep going up in the 20-30% range.
This is hallmark of a true cloud-based SaSS business and it vindicate their strategy to move to SaSS model a few years ago.
the final hurdle to multi baggers is when ARR increase combine with Margin expansion
Ann: Half Yearly Report and Accounts, page-7
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Last
$2.45 |
Change
0.020(0.82%) |
Mkt cap ! $582.3M | |||
| Open | High | Low | Value | Volume |
| $2.42 | $2.51 | $2.39 | $115.7K | 47.25K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6971 | $2.40 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.80 | 3703 | 2 |
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| VGL (ASX) Chart |