Q: Any reason why Topicus just seems to maintain close to highs as the market corrects? I want to add to it but it isn’t easy here. Should I just give up and buy in or wait further?
5i Research Answer:
TOI is a well managed company and its shareholder base seems very loyal. It is also a fairly thin trader, so in a market sell off it does not get a lot of short term activity. There have been no material announcements but investors may be anticipating more M&A activity if other tech valuations get more reasonable due the sector correction.