IAM: high risk / reward play. Financial planning software company. It may be more of a mid-term hold but the potential on this TA wise is massive, FA also compliments nicely.
Fundamentals:
- SP $0.016
- SOI 1.2B
- MC 19M
- Cash 2M
- Top 20: hold 34%
- Basically no liabilities
Technical Analysis Review:
- Broke out of channel that started aug a few days ago
- Close to breaking out of year long down channel
- Rounded bottom
- currently sitting on perfect 38 fib retrace
- Southern Doji
- Just intersected 100SMA
- OBV trending upwards
- Short term target 3.5c
- Mid term target 5.2c
Some background about the co:
"Australian software development house dedicated to supporting professional Financial Planners to meet the needs of their clients. Intiger does this by reducing the back office and operational costs within the Australian financial planning industry"
Market update announcement Oct 27/17
• Successful launch and implementation of our BOOM (Back Office Online Management) platform, which enable clients to easily order our services.
• Significant progress on development of next generation, Artificial Intelligence BOOM2 platform with launch set for Q4 2017.
Other notes:
- Launch of BOOM2 platform could break this out
- Matthew Walker of CIZ has a 105M unit position
