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#Bull Case
stale
Added 3 years ago

Seeing CL1 as an opportunity for both short term trade and/or longer term investment on both current valuation grounds and anticipated future revenues..

Significant improvement across all metrics since commencing the 3 year transformation strategy in 2019.

 

FOLLOWING COMMENTARY PROVIDED BY ORD MINNETT:

Class Limited’s latest investor day showed the company continues to execute on its strategy to grow organically with new products like Class Trust demonstrating early promise.

Management reiterated its FY21 revenue guidance of $54m with an operating income margin of 40%. Ord Minnett notes in the longer run, the company looks confident of improving margins once the reinvestment period has wound back.

Given this growth potential and an "enviable" client retention rate of 99%, Ord Minnett remains positive on the stock. 

Buy rating with a target price of $2.40.

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