"Overall view: The short term risk with Citadel was the company did not deliver a strong 2HFY18 but this seems to have now been alleviated with the recent positive trading update. The share price, however, has not rallied much so we still see a buying opportunity in the stock ahead of what is likely to be a good 2HFY18 and FY18 result. We also see good momentum heading into FY19 with the recently announced contract win with “a large government organisation in Queensland” and also a good pipeline of opportunities. "
CGL Price at posting:
$6.76 Sentiment: None Disclosure: Held