An Analyst opinion on recent Board hirings, 2Q GTVOnly now saw this, thought I would share. fyi,$12 is to buy the report.
Analyst Research Report Snapshot
Title:
Kim Eaton and Stephen Clampett bolster the board; Maintain Speculative BUY
Price:
$12.00
Provider:
Cantor Fitzgerald Canada
Date:
16 Jul 2014
Pages:
2
Type:
AcrobatPDF
Companies referenced:
GXI.TO
Available for Immediate Download
Summary:
EVENT: Management has announced that Kim Eaton has been appointed to the board of directors. Earlier this month, Stephen Clampett was also appointed the board. BOTTOM LINE: Impact: Strategically positive. We view the two recent board appointments as a significant step in the evolution of the company. Both Mr. Clampett and Ms. Eaton have extensive experience in the travel IT industry with senior management roles at Sabre Holdings and NCR Hospitality respectively. We expect that these board members will also provide the company with access to potential customers and partners. We expect that the cadence and size of opportunities will continue to grow, as demonstrated with the recent inclusion in UK’s MultiPass initiative. We expect that management will announce Q2 results in or around August 11 and expect growth in gross transaction value (GTV) given the rollout of the deployment pipeline that included Cathay Pacific, Spring Airlines, China Southern, and NCR. We maintain our Speculative BUY rating and C$2.10 target.