What do you all say though about the fact that the business has had a "restructuring" year every year for the past 10 and now with only a slimmed down services business with one or two major banking contracts expiring this year, how are future earnings going to look when these contracts expire???
I would suggest also the recent software stuff-up doesnt bode well for future sales/service contracts with banks and that future profits will be bulky and dependent on contract renewals/negotiations and also new entrants into the field competing via price.
Also I highly doubt KYC are planning to give the cash back to shareholders considering their history and the fact they said they looking for acquisitions so I would count that out.
Yes, they look great at this price, but where to from here is just as important.
- Forums
- ASX - By Stock
- KYC
- 26mil in cash and no debt - wow
26mil in cash and no debt - wow, page-4
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KYC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online