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OliverN's avatar

Sorry also where did you find that 80% of new orders are from existing customers? I am also long SOM and have done significant amount of research however haven't found either of these stats. Even more bullish now however! thanks again for a great article

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OliverN's avatar

Thanks for the article - where did you source the stat of 97% market share as I haven't seen before?

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SteveF's avatar

excellent article, totally agree, wrongly priced for the margins it makes.

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Capital Employed's avatar

Thanks Steve, glad you enjoyed the article.

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Dec 8, 2021
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Capital Employed's avatar

Hi Matt, glad you enjoyed the article. The estimate was from the broker. Yes there could be reversion to the mean over the next few years. I think that is why the shares are being priced so low. However the update from yesterday gives me a bit more confidence this is an on-going trend at least for the next few years if not longer if they can gain more revenue outside the US.

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