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Pinned straw:

Last edited 12 months ago

Thought I'd do a quick update here.

A rare win after a very difficult period with IPD Group, PWR Holdings and Vysarn.

Gentrack really kept everything under wraps on their new business and kept everyone guessing in the last few months

# Revenue grew 25%. Excluding UK insolvencies, the underlying figure was nearly 50%

# EPS and EBITDA were flat but that may be due to vesting of LTI which I think is well deserved

# Wins in the Philippines and Saudi Arabia with NEOM

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I was bracing for the worst when they did not hit the EPS number but my fears were unfounded.

I think everyone loved the revenue growth and the momentum into new regions from the call.

Those funds (AEF, Millford, Anacaia, Regal and Wilsons) must be spewing right now!

[held]

thunderhead
Added 12 months ago

Gentrack has to be among the best turnarounds I have come across, atleast in recent memory. Too bad I got off the ride some bags ago :(

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edgescape
Added 12 months ago

Going through the transcript

Details of Philippines contract. Being a very populous country I imagine the unit economics will be big and will be interesting how Gentrack scales.

"So AC Energy is part of the Ayala Group, which is a big, big Philippine business conglomerate, huge investment in sustainable energy solutions"

They also got a deal in Singapore but did not mention the client.

Europe has been a bit slow.

Huge amount of shares coming from performance targets hence I think upside may be limited for the medium term.

Pretty happy how this is panning out. Looks like some of my programming and techie skills in decoding the Gentrack APIs and what it meant for the business was useful after all....

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