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Bullboard - Stock Discussion Forum Sangoma Technologies Corp T.STC

Alternate Symbol(s):  SANG

Sangoma Technologies Corporation is a provider of managed cloud-based communications and technology solutions for businesses worldwide. The Company offers a comprehensive suite of cloud-native communication solutions, including software, endpoints, and connectivity services. It offers a complete set of cloud communications services, flexible deployment options including cloud and on-premises... see more

TSX:STC - Post Discussion

Sangoma Technologies Corp > closed really well
View:
Post by Tan4646 on Jan 11, 2023 4:34pm

closed really well

great volume at end of day with high of the day.....  Analyst Target will be rached before year end..
Comment by profitprophet1 on Jan 11, 2023 5:52pm
What? Perhaps you commented on the wrong board by accident. Volume was just over 12K, less than half normal volume. 
Comment by Tan4646 on Jan 11, 2023 8:06pm
I was not very clear,, of todays volume over 50% came in the last half hour. I  like that buyers grab some to end the day higher.  Could be  traders looking to sell the news tomorrow or a continuation of the larger move higher.  
Comment by Torontojay on Jan 12, 2023 7:59am
I don't think a bull market has started just yet. Whatever gains are made will probably be erased when unemployment rises and the economy weakens.  I also like the energy sector and think it is undervalued relative to historical standards. Tech stocks got hammered the past 12 months because they were quite frankly overvalued. I made the mistake of holding on to several of these ...more  
Comment by AnitaGet on Jan 12, 2023 10:17am
I agree with Jay. Lower entry points into STC will come. This will be knocked down a few more time into the 4's and 5's before there is any positive shift in the markets economic numbers. Small cap tech is not attractive today. They were more prudent in earlier times and smaller acquisitions were financed via combo of cash, borrowing and issuing share. STS was financed with $110M debt and ...more  
Comment by Tan4646 on Jan 13, 2023 12:05pm
If shares were issued to Star2Star beginning April 28th in increments over 14 quarters wouldn't that bring down the total acquisition cost given that stc shares have been trading down over the last year.   Am I missing something.?
Comment by Torontojay on Jan 13, 2023 3:25pm
  Yes, but the balance sheet is still going to record the transaction at the purchase price on the closing date. The market will determine if the shares will trade above or below original costs. In the case of Sangoma, the market is suggesting that Sangoma's market value is below the company's book value or original costs.   
Comment by Tan4646 on Jan 13, 2023 4:30pm
Thanks, very helpful.
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