GTK 1.37% $9.62 gentrack group limited

Interesting down here...?, page-15

  1. 1,067 Posts.
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    Maybe, but it depends on what the new plan is. It's cheap and has good recurring revenue and a clean balance sheet so it could be ok, but the growth story is probably dead for a while.

    The annuity revenue stream will probably go down over the next few years as the UK and Aus markets consolidate (due to idiotic government price caps essentially part-way nationalizing energy distribution, which places huge pressure on GTK's clients to lower costs and not invest), and if they're losing Big 6 clients (like Elo) to Octopus/Kraken then it's not clear where the growth comes from.

    An analog here is GBST - they were fine for a long time, then Bravura came up with a better mousetrap and killed them.
 
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