"Gentrack (ASX: GTK) released their 1HFY22 results which we...

"Gentrack (ASX: GTK) released their 1HFY22 results which we believe highlight not only the significant potential that this business has over the longer term, but also significant confidence around the growth in EBIT we expect over the next 2-3 years". And "Finally, GTK released a result that was in line with their previous guidance provided over six months ago. The highlight in our view was the underlying growth rate of ~24% when factoring in customers lost due to the “Supplier of Last Resort” process. Gary Miles (CEO), and his team have only had 12-18 months to implement their strategy so to see such top line traction should, in our view, give investors confidence that they can continue to successfully execute on their stated strategy. Many onlookers of GTK remain sceptical of their margin ambition but in our view, this is more than priced in and if the FY2024 goals prove correct, we believe that GTK has the potential to be >$3.50 compared to $1.52 at the end of May. As we are currently witnessing, energy markets are dynamic and what users of energy and similar utility services will require in regard to information, flexibility etc. will put greater demand on the information technology systems of many utility companies. We believe this provides GTK with a significant runway for growth not only with its 3 core markets but also in potential new geographies such as Germany and Spain". Written by NAOS then they sell down more than 3%. The last time they sold down was after a presentation day when they were talking up GTK. Not sure how people complain about short selling but then this is ok. they still hold 11%