Short Term Trading Week Starting: 11 Mar, page-81

STTCOMP COG FA LONG

Consolidated Operations Group

Market Cap (MC) $141m

Cash in Hand (CiH) $11.4m (Adjusted for Cash held for clients)

Revenue for 6 months to December 2018 was 104.9m up 39% on prior.

Consolidated Operations group has acquired a series of stakes in Asset Finance Brokerage and Aggregation businesses and now have 17% market share.

The stock is tightly held (49.8% by 3 shareholders):
GEGM Investments (Cameron McCullagh) 19.00%
NAOS Asset Management 21.58%
Sandon Capital 9.23%

Technically this is trading in a range, and we are approaching the bottom of the range.
The new Chairman (Patrick Tuttle) has experience selling Pepper to KKR
The AFR is starting to talk up the chances of it being taken over.
And on a technical basis the stock is trading near the bottom of it's range.



Disclosure: Held