KKT 0.00% 28.0¢ konekt limited

settled down

  1. 1,492 Posts.
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    The market depth is building and the volumes were up for a while, but this seems to have settled into a 13c to 15c trading range and may stay there till we get more news - maybe the next 4C in April.

    At 13c Konekt's EV is under $10m, which still seems low given a forecast EBIT around $2.5m, even if we ignore the growth potential.

    The fundamental downside seems relatively limited, given the diversity of services and clients. It's notable that Konekt's big turnaround - and first profit - came in FY08/09, which saw the worst of the financial crisis. My feeling - admittedly not based on any substantial analysis - is that if China stumbles or further financial crises eventuate then companies like Konekt may prove robust.
 
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Currently unlisted public company.

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