screaming cheap!! FY2019 Cash eps 4.7 cents

although the share price has doubled last couple of months, the stock is still quite cheap!

Cash eps (Npata) of 4.7 cents and with lower debt costs and growth from next year, cash eps should head towards 5.5 to 6 cents by 2021. on a modest multiple of 15x there is still potentially 100% upside from current share price.

And not to forget that this is a SaaS company with almost 80% recurring revenue and the market leader in Oz and APAC.

I've also attached the commentary from Spheria August report about ISD.

enjoy the ride