Emerging Stocks Down Under 5 October 2020: Elmo Software, Gentrack Group, Fintech Chain
Emerging Stocks Down Under Edition #3
Elmo Software: No rush to get in
Today in Emerging Stocks Down Under Sydney-based Elmo Software provides customers with a Cloud-based platform that lets them do anything related to Human Resources, ranging from payroll, recruitment and development to employee retention and engagement. What we like about Elmo is its very high recurring revenue rate. What we don’t like is the company’s high valuation, even after the 30% selloff in the last 2 months. We expect the share price will need to further adjust to the new reality of lower than previously expected revenue growth, at least in the next 12 months.
Also in today's edition, a look at utility and airport software provider the Gentrack Group and investment holding company Fintech Chain.
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Click here to read the previous edition of Emerging Stocks Down Under published 29 September 2020