CVT 0.00% 1.5¢ covata limited

Re-rate, page-128

  1. 1,673 Posts.
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    Charts looking interesting for a change. First stop 16c, when we take this level out a move back to 20c should follow with ease. I like the fact that the daily / weekly / monthly charts all have CVT oversold on the Stochastics & RSI, it should set the platform up for us for a sustained move higher over the coming weeks / months ahead.

    Annual report due out fairly soon. I don't think anyone would be surprised by the numbers, you only have to look at the quarterly's to figure out how much $$ CVT has spent for the year. I am interested to see the new top #20 vs last year.

    It's also worth noting that Europe / UK have just returned from their summer holidays as of this week. So I think we can expect to see progress in regards to UK Gov FCOS / Rev and possibly Prime Tender. An exciting month ahead!

    Also worth noting in the Fin Review today that Accenture has just purchased the private company of Redcore for an undisclosed sum. Accenture noting the opportunities in this space are only growing and they needed to bolt on expertise to be able to compete domestically and in Asia. The good thing for us is that these markets aren't our primary focus. Having a look at Redcore's website, it looks as though they offer similar services to that of CVT and they count Oracle as a major partner vs Cisco with CVT. I expect more consolidation will take place into 2017.
 
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