Computer Modelling Group Ltd T.CMG

Alternate Symbol(s): CMDXF

Technology Software - Application

Computer Modelling Group Ltd. is a Canada-based global software and consulting company. The Company is engaged in the development and licensing of reservoir simulation and seismic interpretation software. The Company also provides professional services consisting of highly specialized support, consulting, training, and contract research activities. The Company operates through two segments: CMG and BHV. The CMG segment is engaged in the development and licensing of reservoir simulation software. The BHV segment is engaged in the development and licensing of seismic interpretation software. The Company has a diverse customer base of international oil companies in approximately 60 countries. The Company’s software includes CMOST, IMEX, GEM, STARS, CoFlow, Builder, Results and WinProp. The Company has sales and technical support services based in Calgary, Houston, London, Dubai, Bogota, and Kuala Lumpur.

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Computer Modelling Group Ltd

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Comment by m1axon Nov 13, 2013 4:45pm

452 Views

Post# 21903326

RE:RE:RE:Why the 5%+ drop

I have been invested in CMG for more than eight years. Bought my shares in the spring of 2005, at an average (pre-splits) price of $1.22. It's also been a core holding of mine, although ACQ (bought in 2009 at an average price of $1.99) has become more important with time.
Anyhow, it's not the first time I have seen such run-up before earnings. I expected better numbers because of that. Obviously I was wrong.
I thought that their new software might also be part of the answer. Well, we'll never know.

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