Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Dear James and Shawn Wishing you and your team Merry X’mas and a Happy New Year. FCL stock price has dropped from almost $2.00 per share to $1.53 close today 13/Dec. Would like to know what is your opinion on FCL? Would FCL perform better in the short to medium term? Thanks for taking this question. Merry X’mas and a Happy New Year.
Hi Peter,
Expanding on the answer to another question on FCL this week, they have struggled since raising money earlier this year, a frustrating move for shareholders. Fineos have stuck with their EBITDA and cashflow breakeven guidance this year and hitting those expectations will be key for how the stock performs from here. The latest quarterly update has the company tracking well towards consensus and the company noted a number of sales wins/new customers going live on the platform which supports further revenue growth.
We are becoming more confident in the medium-term outlook for Fineos and will be looking for confirmation of our view at the next company update. We have added an Active tag back onto FCL which says we are comfortable buying it at current levels, it could even be tempting to average our holding into any further weakness.
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