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FCL (Does itshort for fickle?)

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FCL (Does itshort for fickle?)

Hi James, on 28/10/20 you commented "we have a new tech analyst at Shaw, Jules Cooper who comes very well regarded. He’s just initiated coverage on a number of small / mid cap ASX software businesses including: BUY recommendations on; FINEOS (FCL, $5.84 PT)." Price at the time was about $4.60. Since then the stock has never looked like making a serious assault on the PT and during 2022 has plummeted from $4.60 to $1.60. I know you were astute enough not to add it to any MM portfolio but what is your current view of the stock?

Answer

Hi Rob,

Not a great call in hindsight however in Jules defence, tech valuations have been crunched right across the board. You are right, we don’t own the stock however Jules still is positive on it – latest research report HERE following their FY22 results.

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