Definitely.
Another upgrade, another dividend increase and the Chairman's bullish commentary on FY22 and the "multiple new potential customers" that they are in advanced negotiations with.
100% of FY21 revenue already secured so reasonable to expect another FY21 upgrade plus new contract announcements in the pipeline. Chairman is conservative so he wouldnt flag this unless these new customer wins were a near certainty.
Top line growth for these software services companies creates so much value and cash for shareholders given the Incremental margins are very high.
Reasonable to expect a steady stream of good news over the next few months it seems. Best thing is the stock is ridiculously cheap (6x EBIT, 1.2x Sales) and paying out a 6% dividend and undertaking a buyback.
Strong earnings momentum, strong net cash balance sheet, strong outlook and still super cheap; the kind of stock you wait all year for.
New CEO has certainly righted the ship, question is can he take it back to $3?!
Definitely.Another upgrade, another dividend increase and the...
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