Q: Hi Peter,
Can you provide comments on Copperleaf financial results. Also what do you think of this as an AI play for Gridtech. Can you comment on prospects going forward and is it a buy or at what level would you recommend.
Thanks
Can you provide comments on Copperleaf financial results. Also what do you think of this as an AI play for Gridtech. Can you comment on prospects going forward and is it a buy or at what level would you recommend.
Thanks
5i Research Answer:
Comments were posted yesterday. We would consider it OK. It has cash and is growing, but it has been a big disappointment so far in its public life. We would like to see positive earnings and better cash flow. We think the Penderfund holding (10.4%) is an overhang on the shares. But it is starting to beat estimates. AI was mentioned several times on the conference call and it does offer some potential for the company. We would see it more of a HOLD than a BUY today.