Australian (ASX) Stock Market Forum

CAT - Catapult Group International

Jump to new
jbocker said:
Good News in their quarterly report sees a nice jump (~14%) at opening. Looks like they are getting some agreements with some big clubs, Real Madrid being one of them.
https://www.asx.com.au/asxpdf/20181024/pdf/43zk3h7sqp8nd4.pdf
Click to expand...

Just had a quick squiz jb …… They have over $33 million in the coffers yes??? …

Market Cap around $190 million ??

And their Cashflow is improving ??

No wonder the bleeding stopped … nice gap up off the lows too …. probably a few more celebrations to come for long suffering holders over the next few months you'd think :cigar:
 
Their presentation 25 Oct mentions 2019 guidance which implies a growth between 37 and 63%. I also notice almost all of their photo content is soccer related. I guess they are counting on big inroads into that sport.
Was chatting with an old mate who works in an AFL club (the best in the league :) ) and he tells me the sports scientists use this information extensively in training and on game days. I don't see this sort of technology diminishing or phasing out. I note the media also get some data during games, not sure how. I will ask next time I catch up for a beer.
 
From their announcement today..
Catapult’s new soccer and American football partnerships
Catapult Group International Limited (ASX:CAT, ‘Catapult’ or the ‘Group’) today announced two exciting partnerships in world football and a video coaching solutions deal with a new American Football league. The three partnerships further showcase Catapult’s global leadership in sports science innovation and technology. ...

https://www.asx.com.au/asxpdf/20181121/pdf/440hmhkqpxd746.pdf
 
Share Price Crash Today currently down 18%

upload_2019-2-7_12-49-11.png


Motley reported

Investors have been hitting the sell button in a panic this morning after Catapult announced the sudden resignation of its chief executive officer Joe Powell.

According to the release, the Catapult board and Mr Powell agreed that now is the right time for a new CEO to lead the company through its next phase of growth.

Mr Powell has provided the company with 6 months’ notice and will remain with it to the extent required by the board. A global executive search process for a new CEO has now commenced. Co-founder, executive director, and former CEO Shaun Holthouse has agreed to increase his executive commitment until a new CEO is in place.

Catapult’s executive chairman, Dr. Adir Shiffman, said: “As the global leader in the sports technology industry, the next phase of Catapult’s growth requires a CEO with strong strategic capabilities, senior expertise in a global enterprise, and a commitment to creating shareholder value.”
 
Finished 22.93% down for the day.
I liked their story and while I was hesitant at the time, I sold just prior to Xmas at 80c. While that was still a loss at that time I am now glad I did sell. I thank the things I am learning on `Dump it Here` thread.
 
jbocker said:
Finished 22.93% down for the day.
I liked their story and while I was hesitant at the time, I sold just prior to Xmas at 80c. While that was still a loss at that time I am now glad I did sell. I thank the things I am learning on `Dump it Here` thread.
Click to expand...

Your intuition was good Bock …..

I'm not great with Balance sheets etc but their numbers seem better than the SP is telling us?

Not sure the average punter is getting all the info:confused::cautious:

The biggest Volume on yesterdays dump came in around the 62-64 cent area which is where its being traded today so someone sees value at this level ….. interesting.
 
Australian Super has disposed of their holding at 64 cents.
Bell Potter or shaw (sorry do not have the report handy) this morning has recommended it as a speculative buy.
Since two big blows, the prices are slowly recovering.
DNH
 
Miner said:
Australian Super has disposed of their holding at 64 cents.
Bell Potter or shaw (sorry do not have the report handy) this morning has recommended it as a speculative buy.
Since two big blows, the prices are slowly recovering.
DNH
Click to expand...


Recovering well and looking set to test the 12 month high.
 
I think the big test is whether management can start to execute in shareholder's interest. There have been some terrible missteps in the business that have destroyed value, I still see potential but they need to get some runs on the board before I would consider it investible.
 
Well done to all who hold this. Doing well without a CEO or CFO. Looking set to blow through the 12 month high on strong volume.
 
It appears the T/O could be in play with this one over the coming months. After blowing through a 12 month high at $1.55, it again pulled back to the lower end of it's trading range in the high teens. Over the past week there has been an inordinate amount of volume in the low $1.20's. It's been an excellent range trade over the past 6 months and looks set to continue it's impressive turnaround although getting taken out is probably the more obvious outcome. A good place to be in any event.
 
Another 12 month high today closing at $1.66. Australian Super must be rue the day they sold out of this at 64 cents. The CEO announcement has proven to be popular.
 
barney said:
$2.21 I assume:)

Any concerns over the depth/steepness of the December retrace Clan? I notice a lot of Stocks are following a similar pattern at the moment.
Click to expand...

Correction $2.21. No concerns with the demand still there. Interested to know the stocks you speak of.
 
Clansman said:
Correction $2.21. No concerns with the demand still there. Interested to know the stocks you speak of.
Click to expand...

frugal.rock said:
I agree, and post them here!
Click to expand...

Trust me, you don't want to know these Stocks I speak of:p

I am perhaps being overly cautious with the CAT chart as it did not suffer from any ultra high Volume at the recent highs and is therefore likely to continue on its merry way as Clansman has predicted.

Often with these "cats ear" spike/retracements, the initial upside momentum is lost.

I repeat, the CAT chart looks better positioned already … but nothing wrong with having some kitty litter handy in case of accidents:D

Charts below of another "un named" Stock I used to own.

Lost a bit on it before I set the kitty free!:cat: … :dead:

Cats Ear 1.jpg
cats ear 2.jpg
 
Top