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.
Maybe, but it depends on what the new plan is. It's cheap and...
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$9.28 |
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Mkt cap ! $960.3M | |||
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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