SKF- Undervalued IO Global SaaS Another under-the-radar undervalued global SaaS potential in the world of Big Data and Business Analytics that is starting to tick all boxes. At mcap of just under $20m, SKF which provides data analytic services for physical venues has already got its IO platform (analytics and data driven marketing platform) deployed across 1900 venues globally with to date annual operating revenues of $3.2 and growing recurring revenues at 89% and trending well to reach EBITDA positive next year. Its IO platform has been adopted by companies such as GPT. Mirvac, Aventus, Woolworths SA Cincinnati Bell US and more recently Lexicon in UK. Its share scrip remains tightly held with cornerstone investors and management holding 85% of the stock. Prominent shareholders include Peter Gammell (Seven Group), Bruce Gordon (Ten) and Jan Cameron (Kathmandu). Opportunistic entry at this point with technical break above 8.3c possible. TMT Analytics rated this a buy at 14c. DYOR.
SKF Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
