This has been a tough year for many SaaS companies. High inflation has dampened IT spending. However, Prophecy has great products and I estimate ARR growth for the current financial year will be approx 24%.
Many IT shares have had Large cap IT shares (such as Microsoft and Google) have had large recoveries in the last six months. I predict the small cap IT shares will now start to recover. I believe a significant short term recovery in the price of Prophecy is more likely than a takeover.
Ann: Prophecy signs Australian Tax Office to eMite, page-13
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Last
65.0¢ |
Change
-0.030(4.41%) |
Mkt cap ! $47.85M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.0¢ | 65.0¢ | $62.29K | 94.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 930 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.5¢ | 216 | 1 |
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| Last trade - 15.32pm 04/10/2024 (20 minute delay) ? |
| PRO (ASX) Chart |