FCT
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7.69% 1.2¢ firstwave cloud technology limited

Have been holding a few FCT for a while, but first time posting...

  1. nkat2007
    1,278 Posts.
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    25/06/24
    21:19
    Post #: 74486731
    Have been holding a few FCT for a while, but first time posting here.

    Tax loss selling has been the main driver of the SP falling recently. This appears to be done now.

    The company is generating circa $10.4m in annual recuring revenues, and with the latest announcement on the Telstra is forecasting a 20% revenue growth in FY2 (~$12m). Any new material contract wins are a bonus.

    IMO the upside from here (from a SP and market valuation perspective) far outweighs the downside and I've added to my position on this SP weakness.


    https://hotcopper.com.au/data/attachments/6270/6270989-c66a3c759c14a664cb8930efe62c82e7.jpg
    FCT Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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