Gentrack looking great. Good organic growth story (announcing...

Gentrack looking great. Good organic growth story (announcing today a new contract to supply Velocity utility billing & customer management solution to E.ON in the UK and Romania, one of the world's largest energy utility companies) + also growth via new acquisitions which are already accretive.

Why I went long this morning:
1. Growth in revenues yoy in FY17 18% not incl. acquisitions, 45% including acquisitions. Revenues have been consistently growing at a compound annual growth rate of 15% since 2009.
3. Growth in earnings: NPAT up 23% in FY17
4. Sticky contracts; 90% of revenue from existing customers last year; new customers signed; 95% retention rate of customers over the last 15 years; 200+ customers now active. Most of these are big, growing, familiar companies (incl. airport companies like Sydney Airport, Amsterdam Schipol Airport, London City Airport, Hong Kong international airport, not mentioning all the utilities companies)
5. Big addressable market, especially as different utility + airport providers try to differentiate themselves, hence room for more growth. For example, Gentrack has won its first energy retail customer in Singapore, an electricity market is currently undergoing competitive market reform.
6. Low free float (<50%)
7. Still a relatively low market cap for a positive operating cash flow, profitable, growing software company. This looks cheap compared to some of the other pre-revenue stocks we have seen on the ASX as of late (not mentioning any names..)
8. Good institutional holders including perpetual (4% of float), Pie funds mgmt (5%)
9. Hardly any following on Hotcopper - less dumb money to puke on weakness.
10. Technically, showing strong momentum (base choppy but rebuilt well). Good volume today as this pushes to new highs.

All in my opinion, please do your own research.