GiG Software is an unrecognised turnaround opportunity, with a top-tier management team that is incentivised to outperform earnings expectations. The company expects to turn revenue growth around from 16% decline in 2024E to 39% growth in 2025E and raise Adjusted EBITDA margin from -10% to +23%, respectively. We believe our revenue forecasts are prudent and expect strong operational gearing, resulting in most of the revenue growth dropping down to Adjusted EBITDA. Based on our conservative earni ....