Foster's report 4/4/2016 Our key picks in the emerging...

Foster's report 4/4/2016

Our key picks in the emerging technology sector
 This edition of our sector report includes the following companies: 1PG, 9SP, ACU, AHL, BRN, DUB, CVT, FLN, KBU, KYC, LVH, MEB, NEA, NOR, RFN, DSX, SRO, TMP, TBH and UPD. LiveHire (LVH), 9 Spokes International (9SP) and KYCkr (KYC) are all expected to conduct an IPO on the ASX in the near term. We have provided key one-page summaries for each.
 We believe that the companies we have profiled offer attractive investment opportunities. Key parameters that we have examined include the management team, size and growth of market, stage of development, product’s competitive advantages or unique niche positioning, customer base, capital structure and valuation.

Expected news flow and catalysts:
 We expect ACU to enter the US faith-based giving market in the near term through the launch of Church Call, which will open up the single largest addressable segment globally within charitable giving. Additionally, we expect announcements regarding white label agreements with top 5 charities, which should substantially drive user growth.
Recommendation and price target:
 We reiterate our Speculative Buy rating for ACU as well as our price target of A$0.14 per share, which provides clear upside to the current share price.

RatingSpeculative Buy
PreviousSpeculative Buy
Price TargetA$ 0.14
Previous$0.14
RiskHigh
Share priceA$ 0.058
ASX codeACU
52 Week Low-High$0.058-0.18