Market's view on Acuity Rm Grp
Published on April 2024
- Comparisons are being made to ‘Ondo’ regarding the company’s current situation.
- Stock watchers note difficulties in securing a sell quote for the company’s shares, indicating a potential increase in demand.
- Discussions involving the increase in Mr Swann’s holdings from 3.01% to 4.05% view this positively, suggesting insider confidence in the company.
- A £103k contract over three years with a US state organisation is seen as a positive development.
- The Chairman’s upbeat stance in a recent interview following certain announcements adds a positive note to the company’s outlook.
- The company is reported to have a much stronger cash position than anticipated, reducing the likelihood of needing additional funding and moving towards profitability.
- Acuity RM Group has secured multiple public sector contracts, with high contract renewal rates and a strong gross margin, indicating solid business performance.
- Another contract win announced for £88k over two years with a cyber security consultancy, promising further business potential.
- Stock watchers discuss the strategic benefits of having CGI on board and the operational execution of the company.
- Concerns are raised about the company’s need for cash and the potential dilutive effects of future placings.
- Positive outlook on the company’s negotiations with new customers and the potential closure of significant opportunities.