Vortiv, page-25

Trade the trade. But dont get stuck holding at a MC of 5-10x multiple for these cyber stocks.

They will run on govt announcements and big $$ announcements by Aus Gov, but if anyone does research into this space at the acquisitions made by TNT. They are done at piddly CAGR multiples and even bundle scrip. These small players are highly specialised but not suited for large contracts.

TNT do 40+% of their rev in local govt. Councils etc. There's a reason they don't pick up aaS contracts for big enterprise or Fed govt. They are getting into govt due to the MAV panel restrictions for ITS procurement. There's limited vendors selling into this end of the market.

Ask yourselves how are these ASX penny stocks going to be insured for an outsourced agreement for billion dollar MC companies or the fed govt. They will never get business insurance large enough to cover the contract you're all hoping they land.