Well it’s steady revenue growth over the last 10 years is at complete odds with your assessment. The transition into the cloud has been highly successful and it is now above break even in the highly lucrative UK local government and higher education sector.
Its recent run up to $13 was overdone and now trading at a reasonable level. EPS is set to grow at 10% p.a. And most listed companies would kill for such steady growth at that rate.
TNE Price at posting:
$10.81 Sentiment: Buy Disclosure: Held
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