The Covid-19 lockdowns have enforced remote working on millions of people and organisations. This company is a massive beneficiary of what seems like a major structural change.
This provider of high-end remote conferencing appears to be in the early stages of an earnings upgrade cycle and that’s simply not reflected in its share price, as the Aim-traded software company is rated on half the UK Small-Cap Technology sector average enterprise valuation to ebitda multiple.
Moreover, a brief trading update at last week’s annual meeting revealed business activity continues to run well above pre-Covid-19 levels, highlighting potentially a secular change as more organisations adopt flexible remote working as the new norm. By targeting its sales efforts in professional services verticals, the company’s strong trading prospects are set to drive a major re-rating.Download PDF