Potential News Flow over Next 4 months.
The next financial report historically is not until mid-January (Sept. year end).
The board typicall declares the next quarterly dividend in the 2nd or 3rd week of November. In the past this is the periood where they announce a special dividend and/or increase the regular dividend. Given the visibility of their prospects, I don't expect them to deviate from the pattern established over the past few years.
North Carolina may award new contracts to modernize their education systems within a couple of months to Sylogist. I estimate, this could add upwards of $4 in share value at full implementation so this could add a couple bucks upon annoucement.
Acquisitions: this can happen at any time. Particularly for smaller tuck-in size acquisitions as they have cash on hand. I presume any potentially larger targets won't happen prior to North Carolina contract awards so that any potential financiing is at a higher share price. I recall most of their past acquisitions were in the second half of the calendar year. I'm not sure if this was by design though.
Possible TSX listing? I'm not convinced such a move is material but is probably overdue.
Am I missing anything else?
I'm very encouraged by Cormark's price target but I think they are being conservative.