The Motley Fool

The Gentrack Group Ltd share price has gone nuts in 2017

The Gentrack Group Ltd (ASX: GTK) share price is now up 87% over the past year after the software business recently posted some strong revenue and profit growth for the six-month period ending March 31 2017.

For the period the New Zealand-based company delivered a net profit of NZ$5.6 million on revenues of NZ$28.9 million, with the revenue and profit up 46% and 24% respectively over the prior corresponding half year.

The company sells billing and customer management software to utilities companies or airports and has been growing through a mix of acquisitions and organic client wins.

As a consequence it its forecasting EBITDA (operating income) growth of around 20% (excluding one off acquisition costs) over its financial year 2017.

According to Commsec the firm’s market value is now around $400 million and it has a prototype to emulate in the $700 million software business Hansen Technologies Limited (ASX: HSN).

5 stocks under $5

We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.

And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!

*Extreme Opportunities returns as of June 5th 2020

Motley Fool contributor Tom Richardson has no position in any stocks mentioned. The Motley Fool Australia owns shares of Hansen Technologies. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Related Articles...

Latest posts by Motley Fool Staff (see all)