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+.
KYC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held