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Big Sofa: US expansion - things looking very good! More big share price gains to come

By HotStockRockets | Sunday 26 March 2017

Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

We are already well ahead on this share tip. But we can still see it doubling from here!

Big Sofa (BST), the provider of video analytics technology and services to brands and consumer insight agencies, has announced the opening of its US office in Philadelphia. The US office already has a staff of six, led by Steve Aukers, Big Sofa's US CEO and recent hires, Kevin Dermody, Chief Operations Officer and Sheri Lambert, Chief Growth Officer - both of whom will be central to the expansion of Big Sofa's North America operations.

They all look to have pukka CVs and there is every reason to expect a replication of UK success. The IPO was in December so what will drive the next re-rate for the shares is an indication of the current strength in trading, of a rapid ramp up in sales and of key new contract wins.

We expect positive news on all those fronts very soon indeed.

We tipped the shares as a buy at 17p with a 23p limit buying price and a target to sell of 50p. The shares are now 22p-23.5p and our stance is unchanged.If you an get any stock at all at 23p or better do so and so so fast.

We do expect the news indicated above to generate a material re-rate towards our unchanged target price of 50p.

This article first appeared on HotStockRockets - If you missed out on our last red hot share tip (up by 70% in weeks), fear not there are TWO more on the way within the next 6 working days and you can access both and all of our archive for just £5, HERE

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