another one to watch..., page-8

re: another one to watch...t4p Cannot work out the reason for the initial sell-off...

Other than perhaps a case of over exuberation in the initial phase of the roll-out?

Seems they have lagged behind on a few milestones...and saw the odd disappointment in relation to achieving sales targets...but all in all they appear to have pretty much performed as expected.

Perhaps the problem was, they did not perform as hoped?

I think the initial success of getting ANZ on board so quickly may have created an over zealous market response...one which initially placed premature valuations on the company.

As the reality of a long roll-out and ramp up period ensued however, the initial interests slowly faded, eventually turning to disappointment for followers...and finally a distressed share price as a result?

Interestingly however, it appears recent efforts to put things right, combined with an apparently renewed concern for what they consider an "undervalued share price" might be paying dividends.

They have claimed an interim profit for the first half to Dec of $144K, including an increase from about $4m to $8m in receipts for the period...suggesting they are at or have passed the all important break-even point?

Today's announcement of a licensing deal with the ASX not only further endorses their standing in the industry, but may also represent the straw that breaks the c@mels back in relation to "unloved status"?

Based on the ANZ deal, we can probably expect to see a fairly substantial upfront licensing fee from the ASX...as well as ongoing annual "servicing" income.

It may not be obvious...nor confirmed yet...but I suspect today’s announcement may have helped ITE achieve critical mass.

Only 195m or so shares on issue, (all options way out of the money) giving them a market cap at tonight’s close of just over $15.5m...almost half of which is cash ($7m)

With annual receipts looking to top the $16m+ level this year, and finally moving into profit, their current market cap is a joke.

May or may not move further tomorrow...or even before the end of the financial year...but my bet is this one is ripe for a major re-rating near term.

Today's announcement and volume lead rally may or may not prove to be the catalyst?

Reasonably few shares on issue, tight register with an apparently loyal top-20, highly depressed price from recent levels, a burgeoning turn-around story, directors buying, major new clients announced, highly respected endorsement of their products, international expansion underway, critical mass recently reached (?), finally turning a profit, victim of recent tax-loss selling (?)...and technically showing buying triggers?

Looks like a good buy...smells like a good buy...sounds like a good buy...mmmm

Maybe it is a good buy?

Cheers!