As a small-cap, managed print services company CSG has a blue-chip following among the analyst crowd – with each of Macquarie, Morgan Stanley and JP Morgan following the company, and each having a bullish view of its prospects.

Their optimism is all the more intriguing since it follows a 65 per cent rise in the shares over the past year, back to their former all-time highs at more than $1.50, which was last seen in 2010, just before the wheels fell off following some missteps.