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  5. ENGH: In reply to Patrik's question about whether he should hang on to ENGH, you said there was not a lot to get excited about here. [Enghouse Systems Limited]

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Q: In reply to Patrik's question about whether he should hang on to ENGH, you said there was not a lot to get excited about here. However, I am excited about ENGH and bought more on Friday's sell-off. Here's why:

1) $5 a share in cash on the balance sheet, with no debt
2) Forward P/E ratio of less than 10 if you deduct this cash from Friday's closing share price
3) Utility-like 5.7% dividend yield while you wait for a turnaround.

I agree that there is a lot of uncertainty as to whether or not ENGH can return to growth, but I would argue that investors looking for income should by buying ENGH at current prices. If growth does return, the stock will pop.

Could you not get just a little bit excited?
Asked by David on September 10, 2025
5i Research Answer:
This is of course what makes a market. ENGH is not without potential. Management has done great...
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