This is only symbolic, but it's still a milestone. Konekt is no longer "an entity admitted on the basis of commitments" - it's a full-fledged profit-making company, with four quarters of positive cash flow behind it.
A valuation of $10m seems way too low to me. That's an EVE/EBITDA of around 4, despite a clear growth trajectory. Five years ago Konekt had a market cap over $40m, based on largely speculative revenue and earnings forecasts.
Three million shares for sale at 20c is going to slow down any share price rise, but I'm prepared to be patient.
KKT Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
