EXT 0.00% 0.8¢ excite technology services ltd

Telcos face fines over cyber-security - 29 June 2015, page-4

  1. 4,815 Posts.
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    Do agree here, serious lack of buy side interest coming into FY end, coupled with the global events playing out, certainly didn't bode well for CVT in the past week. Not a bad opportunity for those looking to pick up cheap lazy stock. From a technical perspective, I would like to see it above 41c in coming days to be comfortable that the down trend has taken a decent break.

    Many people have hit the nail on the head in regards to lack of announcements that CVT have been / are able to make. The best they can do is continue to sign agreements with large Telco's or Cisco like companies that place CVT's IP / product on their platform for their clients to purchase / use / integrate into their businesses.

    The reality is due to privacy agreements we won't be seeing individual contracts being signed / released to the market, which hurts the shareholders on a short term basis as the market would be buying this news flow.

    Once the hard $$$ hit the P&L, the market will take comfort that the product is gaining traction in the marketplace. This will also give the analysts something to use when creating a formal DCF valuation / projected sales valuation on the company. I would expect that once the revenue is evident on the P&L the small cap managers that have taken a small positions will start to increase their holdings.

    In my opinion the company / PR machine should be out there road showing the CVT story to as many brokers and small / mid cap insto funds possible during this period to continue to build awareness in the marketplace for the business. No harm in telling a good story to as many as people as possible.
 
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