Another Cardhero announcement and the SP will push through long term resistance of 21 and up to 24 to 27. Like the fact that 8CO works with government for the majority of their client base. In uncertain times that is where you want to be. Hence why I also own TNT and CCR. A lot will need to be proven in the corporate world next reporting season on whether the trends we witnessed last year will be repeated. Retailers for example are experiencing significant logistical issues due to lack of shipping containers. I ordered a couch from Nick Scali in December last year and still haven’t received it. Was told earlier this week that it will be more like mid April from mid March for delivery now due to that exact reason. If 8CO is priced at 11x $3m annualised revenue then these Cardhero deals could easily push it up to the $50 to $100m mark over the next 12 months.
8CO Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
