MP1 is a leading global provider of customable network services for corporate clients through data centres, providing the ability to run a global network without a physical presence – the undoubted future. Early this month the board released its 1H result which importantly showed a 37% lift in monthly reoccurring revenue to over $6m. The migration to the cloud is an ongoing thematic which should remain supportive of MP1, although as we’ve seen over the last 6-months significant growth is already built into the stock.
MM will ideally reconsider this position in the $14.50-$15 region.
Add To Hit List
