Ticks many boxes overall and not expensive based on history and future runway for growth and profitability

• Provides information technology services in Australia utilising proprietary software and services to deliver solutions for clients operating in asset-intensive industries with a focus on resource and capital-intensive enterprise asset management and infrastructure-focused systems. 
• High inside ownership. Tope 7 of shareholders own 45% business
• Revenue growth well over 40% pus past 4 yrs including acquisition
• Profitable with net p=margins 10% plus past 4years
• EPS growth 20% plus past 4yrs
• ROE 15% plus
• Stocky customer base
• Runway looks positive
• 3% FF dividend

Entered a position in RL 1% , not on SM

@acarbone1 @Strawman

I don't think Cosol isn't strictly a full Saas company.

They are more like a managed services provider similar to Data#3.

Cosol is different in they have some generic solutions that add value to customer's Enterprise Asset Management systems.

So the theory is that being generic, their solutions can be deployed rapidly at perhaps lower cost?

But the negative is also the limited moat specialising in Enterprise Asset Management.

Another negative is the EBITDA margin is fairly static as the forecast margin is the same from previous periods.

You can see my previous straws which explain what I found as it feels like some may have missed some of my posts

Also the earnouts on AssetOn would be worth paying attention to as that could drag the final results.

Not trying to sound negative and I hope I am wrong. And I know no one respect my opinion anyway!

Having said that I do think it is good to get a meeting to clear up any misconceptions so that gets my vote.

@edgescape your right I have missed the mark, I didn’t realise the size of there services component. That said there growth to date and there December 2023 forecast still look good to me.

Should be fine as long as they keep getting renewals and they can find some contracts. But I'm a bit wary of them going to the US.

The only Saas products that have potentially sticky ARR is AssetOn. The other Saas solutions are more leaning towards integration and migration so there may little or none ARR in that case as they could be for one-off use cases.. But more research will be needed to validate what I said.