Based on the initial market response (SP back to $1), this stock and the strength of their financials clearly remains misunderstood by the market. Writing $42 m of new contracts in a single year says that the trajectories since introducing the subscription model are very much in tact. Perpetual licence business still contributing ($6.9m) + a recurring maintenance component ($1.5m).
Expect FY results will show continued cost containment and with the portion of subscription Rev applicable FY2020, expect a very respectable profit for the year. My price target of $1.56 stands.
We then enter FY2021, with 3 years of Subscription Revenue banked. What a platform !!
Rokewa
Based on the initial market response (SP back to $1), this stock...
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Last
$3.03 |
Change
-0.010(0.33%) |
Mkt cap ! $668.7M | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.04 | $3.00 | $874.7K | 289.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1590 | $3.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 3560 | 2 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| RUL (ASX) Chart |