If I had an interest in a takeover, I'd make it my job to put the boot to the throat now with a view to a bid at the end of the year around these levels.
I don't see much up side. Hope Dwarves is right but the 14% yesterday was probably just the beginning.
This was from TC report in January on risks when the SP was $0.41 and their fair value estimate was $0.48:
Inability to retain the MHS contract
The existing MHS contract finishes in June 2019. It is expected that the MHS contract will be retained but margins could come under pressure. If MHS is unable to retain this contract it will result in an earnings reduction of ~$1.5m to KKT. We also remain confident that KKT will retain similar weightings of referrals from MHS.
KKT Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
