A solid half year result which opens the possiblity for $40m+ EBITDA in 2004. Continuing signs of a rebound in the IT industry and potential cost savings from the recent restructure could provide some positive surprises. After two years of belt tightening, companies are likely to continue spending on technology as earnings improve and some of these funds are used to upgrade systems and lift productivity. All bodes well for the KAZ. But probably the biggest bonus for investors is the possibility of a takeover offer. According to some, Telstra is keen on entering the industry and may have its eyes on KAZ.
Go the KAZ!
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