Citadel Group Ltd (ASX:CGL) describes itself as a leading software and services company that specialises in secure information management in complex environments. Formed in 2007, its name comes from the idea of being a medieval fortress to defend against invaders. Its software helps client management make real-time decisions in health, national security, defence, education and other industries. Citadel now has more than 200 employees and offices in most of Australia’s capital cities.
The Citadel Group Ltd (ASX: CGL) share price has soared nearly 40% today after the software company revealed a proposed takeover bid.
The Citadel Group Ltd (ASX:CGL) share price is down 7% after the software business announced its FY20 report today.
ASX software shares are amongst my favourite. As I wrote yesterday, 10 ASX software shares under $1 billion, there are more than 100 software and services companies on the ASX.
The Citadel (ASX:CGL) share price has risen 41% this week. It’s going like a rocket.
Long before Afterpay Touch Ltd (ASX:APT) shares, one piece of advice stuck with me. It’s helped me avoid disaster in shares like BWX and Citadel (ASX:CGL).
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.83% at lunch.
The Citadel Group Ltd (ASX:CGL) share price has crashed 35% in early trade after giving a trading update.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.89% on Thursday.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.29% at lunch.
