I follow here, the management appear to be doing an outstanding job.
relationships with insurers and government bodies defense/Medibank seem strong.
Profit was stellar especially if you back out the $425K one off investment in 'strengthening the core' you get over $1M in EBIT on a run rate basis that is a MC / EBIT of roughly 5 with net cash of $2.4M.
Future prospects:
- Steady as she goes growth, if the company shows consistency and begins to payout dividends this could be favorable to the share price over the short term
- A corporate acquisition at a multiple below 4 x EBIT would be accretive and give Konekt enough scale to attract investors and squeeze out more synergies
KKT Price at posting:
15.0¢ Sentiment: Buy Disclosure: Not Held
