Q: Hello Peter,
Any idea why Topicus is not moving the needle much on the upside given the decent results? The number of shares traded is quite low as well. Any comments would be appreciated. Thanks very much
Any idea why Topicus is not moving the needle much on the upside given the decent results? The number of shares traded is quite low as well. Any comments would be appreciated. Thanks very much
5i Research Answer:
TOI is up 31% this year and well ahead of the market. It doesn't get a lot of attention and is still relatively unknown. Revenue rose 30% in the quarter. We fully expect it to be a 'slow and steady' stock rather than one with lots of excitement. But we are very comfortable here overall.