Short Term Trading Weekend Lounge: 9 -11 June, page-147

STTCOMP KYK, FA Long

*** Blockchain Exposure*** - could see increased interest as a result of Crypto Currency interest and recent moves in DCC share price.

Kyckr Limited (KYK) – Business authentication, data management and remediation co based in Sydney
Last Price $0.19
Market Cap $7.7m
Cash $2.9m as at 31/3/17
SOI 40.7M

KYK is a co that utilises its technologies and processes to provide information to organisations that is essential for them to meet Know your Client (KYC) and Anti Money Laundering (AML) / Counter Terrorism (CTL) regulations and laws.
During the most recent March quarter to co generated $460k in revenue and current revenue run rate is c$2m per year.
Blue chip client CitiGroup using the product.
Latest quarterly hints at potential newsflow including “several major institutions” that they are in negotiations with. If any big name banks or instos are signed up it could be a share price catalyst.



In addition to their main technology discussed above, the co also has a wild card up their sleeve - exposure to Blockchain technology. Their Blockchain technology has won first prize at the BankTech Asia #Fin5ive Challenge and the Canadian Institute Fintech Challenge

References / Links
Pattersons Research Report - http://www.kyckr.com/wp-content/uploads/2016/11/Patersons-Securities-Know-your-Kyckr-May-2017.pdf
KYK Latest News http://www.kyckr.com/latest-news/
BitCoin Magazine article https://bitcoinmagazine.com/article...ckchain-and-regulatory-compliance-1474922771/