HiTech Group Australia Limited

ASX:HIT

HiTech Group Australia Limited

ASX:HIT
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$0.905 (-8.1%)
Last close price
#325
Rank
2
Held by
22
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Reports (4) My Report Forum Investors
Forum Topics HIT HIT HIT valuation

Pinned valuation:

Valuation deleted
Mujo
Added 10 months ago

You can track job numbers on their website and there has been a significant inflection up since March.

Last year's profit growth unfortunately was mainly cost cutting - looks like they moved to the cheaper premises from the accounts. This helped improved margins. What you want with founder led but not sustainable of course for growth and why it's great to see the number of jobs advertised increased.

Think FY25 may be flat or slightly up depending on how long it takes to book revenue, but FY26 looks like it will be a strong year if it continues. Election out the way and State and Federal Governments still expanding the number of public servants. Within that too IT is growing faster than other government jobs.

10
Rick
Added 10 months ago

Thanks @Mujo. You’ve provided some very useful insights here. Recently I listened to Founder/CEO Alias Hazouri on Coffee Microcaps recorded on the 5/12/2024. I felt more comfortable adding more shares after listening to this https://youtu.be/5Ny4xudA74Q . I also follow HiTech on LinkedIn and receive alerts when new jobs are advertised.

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tomsmithidg
Added 10 months ago

Great valuation there @Rick , I really like the look of this company.

6
Rick
Added 10 months ago

You’ll need plenty of patience if you decide to buy HiTech shares@tomsmithidg. Liquidity ebbs and flows and the share price can react quickly to small orders. Best to keep an eye on the offers and bids and take time to establish a position. Good luck!

8
tomsmithidg
Added 10 months ago

@Rick , yeah I noticed volume is pretty low, but I'll keep an eye on it, thanks.

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