Can't help but agree. I've been reading broker reports on other mid-size companies and nothing comes close to the value being offerred here. Putting natural management optimism aside it's hard to arrive at these figures by clever accounting - just good solid profitabilty with a fair dose of potential. We have the largest Australian IT player in this field with quality ongoing government and private sector contracts with the added bonus over the last year of SAP, Cloud and Datacentre to all add value.
At a $1.20 they looked like good value and many thought so with a successful capital raising so what about the low 80's. Take a look also who is on the register - some highly regarded fund managers hold a significant amount.
Like we have all been saying for a while, one of those bigger contracts in the bag and we're in for a significant rerating. In the meantime enjoy the dividend.
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