DTL: Why has it fallen from favour?

Data#3 (ASX:DTL) have grown their gross revenue at a compound annual growth rate of 17% for the last five years, meaning it has more than doubled from $1.2 billion to $2.7 billion for the last 12 months. It is forecast to reach $3.1 billion by 2025. This has been achieved without needing to issue new shares to fund acquisitions. In other words, it is organic growth.

Data#3 provide IT services to corporate and public sector customers. They work across a broad range of clients to provide IT infrastructure such as cloud solutions, cyber security, data and analytics and connectivity through projects and ongoing support.

One of their competitive advantages is their strong partnerships with leading global IT equipment and software suppliers. They are the number one partner in Australia for Microsoft, Cisco and HP and a top five partner for Dell.

They were founded in 1977 and listed in 1997. They are a picture of longevity and stability. The previous CEO retired in March, after 30 years with the company, nine of those as CEO. His successor, Brad Colledge joined the company in 1995, so is also a veteran of almost 30 years.

The shareholder register...