Ann: 2017 AGM Presentation, page-17

acx will be a $10 stock in a couple of years no doubt, but the inflection point in the sp will be difficult to predict. @savvyinvestor

Agree. Very well thought out post imv. Hopefully sooner rather than later. Successive 20% plus top line growth figures, plus pulling the NPAT & FCF levers, will eventually drive the sp forward.

Other Aussie tech stocks with lower top line growth have pushed higher quickly.

By the way, R&D costs at ACX have peaked, after sustained growth in recent years, and will trend lower next year, and S&M costs as a % of revenue, are already trending lower (44% down to 37%). Enterprise agreements will help drive these lower over time.

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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.