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clock Created with Sketch. 13/01/22
23:39
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Originally posted by Halo99:
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I'm quietly bullish on KYK - particularly for this coming year. I'm expecting it to be Kyckr's best year to date business performance wise. 3 key reasons that make me positive on the stock:Growing business momentum with Sales growth accelerating quarter on quarter over the past 4 quarters. This is reflective of a strong product coupled with the right Sales strategy. This business momentum will only improve in CY22 as UBO Verify is rolled-out and the updated KYC platform is also introduced. The other driver of business momentum in CY22 will be expansion of target markets - i.e. moving from just servicing regulated financial services firms to eCommerce players, legal firms, etc. Arguably, this push is coming from KYK's largest shareholder - Richard White. founding team of Class Super joining Kyckr in late CY21. The ex-CEO is now Kyckr's Chairman, the co-founder is now Global Head of Sales for Kyckr, and the ex CFO is now CFO for Kyckr. This is the team that took Class from scratch in 2005 to a $350mn business today.Continued accumulation by Richard White - this adds credence to Kyckr and it's potential as a business and investment opportunity. No doubt Richard sees the potential for Kyckr to become a major player if it rolls-out the right product innovation and expands into the right verticals (eCommerce firms, etc).
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well my investment cycle was always 48 months. I'm only 18 months or so in. I'm prepared to wait. Though I'll not be buying anymore, fingers crossed as reports will be interesting.
