Wise-Owl 65c price target 'buy' recommendation..
Overview:
Bulletproof Group Ltd is an Australian software company providing end-to-end & managed cloud services to business and government customers.
Customers are billed up front for consulting & implementation and then charged on an ongoing basis for hosting and management.
Catalysts:
Bulletproof has recorded accelerating revenue. During FY15 Revenue has increased 59%, while operating cash flow has improved 53% year on year. Approximately 75% of its revenue is of recurring nature providing somewhat income stability.
The $3.5m acquisition of Infoplex Pty Ltd is expected to be FY16 earnings accretive and generate in excess of $2m EBITDA annually.
Management has a proven and favourable track record in the internet & software industry and are major shareholders in the Company.
Currently 65 buyers for 1,131,450 units vs only 20 sellers for 434,574 units
DYOR
Wise-Owl 65c price target 'buy' recommendation.. Overview:...
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