Agreed. I see so much value in this share.
Would you mind sharing some of your insights/reporting David?
Sure, I cannot divulge everything but in short - I focused mainly on the fundamentals of the industry and 4 Sight Holdings. The tech industry as a whole has seen huge upward demand for tech, especially cloud based service spending, which was up globally by 37% in the first quarter of this year, this was largely due to the "work-from-home" movement adopted globally due to the pandemic. The upward trend is likely to flatten yet remain upward sloping even after the pandemic is under control as many businesses will remain using a "work-from-home" policy due to the benefits. This increased tech demand was seen in 4 Sight's interim results with operating profit up around 114% compared to the prior, interim results, further to this their cash generated from operations is up over 300% for the same periods under review. This all bodes well for a company run by a strong management team looking to take full advantage of the opportunities covid has presented them with.
They also have around $9 000 0000 of assets held for sale, which given the current trend in the technology industry they should receive fair value for and be sold off relatively quickly.. This when sold will allow them to remove the $3 000 000 associated debt.
Their balance sheet is very strong for a small cap company with cash reserves of around $3 000 000, total liabilities being around $9 000 000 and total assets at around $38 000 000. This will provide them with sufficient liquidity to take advantage of growth opportunities when presented.
I am also a fan of the way management came across in the integrated report, they recognize the importance of a sound, text-book strategy and have centered their strategy around "Blue-Ocean Strategy".
On a personal note I have heard very positive things about CEO, Tertius Zitzke. From what I hear he is very astute and will take 4 Sight Holding's from strength to strength.
Read up a bit on the growing demand for the tech industry and go through 4 sight's financials. I see huge opportunity and buy whenever I can - it is a pity the shares are so thinly traded as volume is hard to come by.
Edited by David-89, 10 November 2020 - 03:50 PM.