RE: So its not detective work..........13 Jan 2017 12:06
I retain my faith in the management and company assets here, because the progress the company is making is evident. One only has to read the factual information from the company to come to that conclusion, and add to it the bits and bobs we pick up along the way.
We have been brought down from the mid seventies, at which the market was happy, by a persistent large seller for reasons unconnected with company performance. That seller or sellers has to finish at some time,and in the meantime we have Kestrel at least picking up the diminishing sells at 59p, letting the seller out. There has been no RNS indicating institutional sales from holders obliged to notify save by Slaters who sold a very few ages ago.
We have now firmed up the business in Australia, are starting a push in Ireland, and wait to see what they are going to do in Holland following the demise of ViaDuckt, though there are still 3 resellers there. That aspect does not seem to have worked well, and they will be looking at it. In relation to the UK, we are in truth only just at the stage of starting to see the full benefits of the integration of acquired companies flowing through, by way of cross selling. It takes time, but the heavy lifting has now been done, along with the expense involved.
And on top of that we have the relevance of Kypera Financials to the private sector, which is plainly intended to be a further separate push into a different market, having regard to the way in which its promotion/user groups are being configured.
It may be frustrating that we do not see uk contracts RNSd, but they will appear in the figures and at the end of the day it will be the reporting of revenue/profit that will dictate the share price.
I therefore believe that FinnCaps 90p will prove not to be far off the mark during this year, perhaps even better.