Keep an eye on KYC coming up to the end of year financials.
Fundamentals:
*82 million shares on issue.
*Currently trading on a PE of 9x.
*1st half revenue up +21%.
*EBITDA up +29%.
*NPAT up +13%.
*Corporate debt down 55%.
*MOU with Thales signed in January.
*Westpac contract on track.
*Potential deals with Taiwan, China's Hunan Computer Group and Indonesia recently announced.
*Potential acquisitions (ie. Fox Technology) and capital management strategies in place.
*Please read following for all information. http://stocknessmonster.com/news-item?S=KYC&E=ASX&N=360319
Technicals:
*Major basing and accumulation pattern dating back to November 2001.
*Recent double top @~$2.00 possible continuation pattern to test major 4 year resisitance levels.
*Major resistance dating back to 2001 coming in @~$2.12. A break of this level should see a significant break to the upside!
*Recent pullback and consolidation held 61.8% @ $1.72.
*Review - looking for the share price to push through double top to gain momentum to break major resistance ~$2.12. If broken, initial targets are around ~$2.65 giving a PE of only 13.5. Higher targets exceed $3+.
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