Ann: Konekt Trading Update, page-3

  1. 184 Posts.
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    Good to see they've updated the market. Mind you, didn't quite hit the mark as far as I am concerned. I suspect the pre-employment market (mining) downturn is taking the sheen off of this result. As per their last results, wouldn't surprise me if they're getting even more revenue out of their large two clients (which is good - making better margins), but it's hiding that the rest of the business is actually experiencing slow/no growth. Headline revenue up 5-7% isn't a bad result - but nothing extraordinary.

    Still, provided they don't blow the cash it's quite possible that the holders will end up with a company making ~2-2.5 cents per share with cash backing of a few cents thrown in the mix, with potential for upside. Just need to find a productive way of reinvesting the earnings for growth.
 
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