RE:RE:Preference shares conversionAs far as a price target goes, CSU has gained 27% per year on average for the last five years. TOI is exactly like CSU was about 6-7 years ago in terms of market cap. Virtually identical from what I can tell in terms of strategy.
There are two major considerations that skew the comparison however: the global economy is stronger than it was 7 years ago, due to stimulus coming out of Covid-19. This should be in Topicus' favour compared to CSU 7 years ago. The second is that the global environment for creation of small tech firms is stronger than it was 7 years ago, with the spread of cloud technology and gains in tech market share since that time.
So I expect Topicus to gain in share price the same as CSU has done for the past 5 years, roughly 27% per year give or take.