for me, it is a financial services industry software company...

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andy909

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30/01/20

08:53

Post #: 42635326
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Originally posted by ksunil: ↑

1. 20 cents;
2. Raising less amount upto max 11 mil. Register should be tight and demand high;
3. Market Cap of 25-29 mil post IPO;
4. Revenues: 5 mil. Grew at 56% in FY2019 from FY2018. Amazing growth in the last 2 financial years for post-IPO Market Cap of 25-29 mil;
5. Turned into profit in 2019. Should increase if the revenues continue to increase in FY2020;
6. Valued at only 5-6 time on FY2019 (past year) revenues (Not future). Most of the recent IPOs were valued at forward predicted earnings (Risk of missing the target);
7. Good number of clients already;
8. Being software related, margins must be high as the produt is already built. Only maintenance cost is required;
9. Subscription based revenues generation. They will continue to get every year provided their retention rate of the clients is high, which I believe should be.

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for me, it is a financial services industry software company which is not too crowded and has scalability.

it is also an acquisition target for big players like service now who for no have same service.

the board looks strong

the company is already making revenue so less volatility

there are few new banks in Australia and more challenger financial services which will need these cloud based services. the old banks are also modernizing and as costs pressure increases will go for full cloud and maximum efficiency in software cost so the demand is strong
I am in, happy to understand others views with some argument.

AR1 Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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