RE: Research25 Apr 2020 11:00
I came across this recently, and I share f15jcm's concerns.... but, on balance, and given the recent results, I think it's worth a punt - so I got in at 28.5 this week. I know they'll lose some customers owing to the virus (bankruptcies etc), but there's clear potential to gain business from companies needing help with homeworking set-ups, changes to networks etc, not to mention the general swing to digitisation in companies, which will probably be fuelled by the whole lockdown experience. I also like the way they've publicly made a bullish objective ('1023') of EDITDA 10m by 2023 (see computerweekly). They've now got a little bit of cash, a huge revenue stream, and some director buys (not big, but notable)… so the shares are now looking very cheap (and the lowest they've been for many years). Any views welcome...