RE: Cuts?12 Apr 2024 17:43
Interesting. Thanks!
Eckoh were caught out by the Covid acceleration to the cloud and had to pay top dollar to get a cloud offering via Syntec.
Both the main competitors to PCIP are on the back foot with their on-premise legacy issues. Eckoh has little to no channel strategy and Sycurio is trying to kick-start such a strategy six years after PCIP instigated one.
Sycurio's best hope for a viable future is to buy PCIP. Otherwise, they are a decaying asset and will become a big write-down for the owners. It could take 150p to get the big shareholders interested.
The Zoom Boom could start in H1 25 and into H2 25 and FY26. If that starts rolling and the channel partners are firing JB's idea of 30%+ growth is ementinaly doable. The operational gearing would be transformative. If the luck runs hard then the share could hit 150p to 200p sometime in 2025. 100p looks doable in 2024.
PCIP has had two big strokes of luck: Covid and Zoom. The bad luck was the patent case, which is temporary, the two strokes of good luck are permanent.
#multibagger