GTK - Gentrack

[sb9]

Really surprising to see the relentless rally without any major trading update from the company. Wonder who's driving up price at these levels and with decent volume too. They must have a solid reason that a decent return from here is plausible.

[LaserEyeKiwi]

Guidance upgrade:

Guidance


Both Utilities and Veovo continue to grow strongly as a result of recent wins and customer upgrades and so we are able to upgrade our previous revenue guidance of at least $170m for FY24, to new guidance of c.$200m for FY24.

Against this higher revenue guidance, and whilst continuing to invest in strategic R&D and international expansion, EBITDA is expected to be between $23.5m and $26.5m (12%-13%). This compares to our previous guidance of between c. $20.5m and $25.5m.

[LaserEyeKiwi]

Herald with some good coverage:

https://www.nzherald.co.nz/business/...IN3PZJWRMIB74/

[LaserEyeKiwi]

Well it seems the market likes the result!

IMG_1096.jpg

[winner69]

Well it seems the market likes the result!

IMG_1096.jpg

Should get to that magical 10 bucks this week

That’ll make senior managers happy ….and shareholders too

[sb9]

Should get to that magical 10 bucks this week

That’ll make senior managers happy ….and shareholders too

For sure, no wonder Gary and team were confident when they put together rather generous bonus scheme last year.

As for retail shareolder like me, I'm happy with my almost 5x gains. Now largest by value in my portfolio, even trumped A2 and thought that would never happen.

[kiwical]

Sharesies latest podcast released today has Gary talking about the company and expansions if you are interested in checking it out.

https://podcasts.apple.com/nz/podcas...h/id1515069366

[LaserEyeKiwi]

At $9.80.

A reminder that a giant dilution event occurs at $10.00.

[sb9]

Getting bit itchy to take some profits at current levels.