Update on KKT:ASX Konekt Trading Update
Since my first post here: (VIEW LINK) Konekt has released a trading update today stating that it expects revenue to be up between 5% - 7% for FY15. They are also expecting EPS to be a minimum of 1.90c per share for FY15 compared to 1.35c per share in FY14 a 40% growth in EPS. With the stock having traded 25% higher today and up 37% since we mention it little over a month ago. We are happy to leave the story here for the time being. We will await the full year report and outlook for FY16 due to be released on the 19th of August before drawing anymore conclusions around the investment case that the stock may or may not still present. Readers beware everyone gets 1 right or lucky eventually.
I focus on ASX listed microcap and nanocap stocks which is anything from $10mil to $300mil market cap and everything in between. This truly is the under-researched part of the ASX. My hope is to bring you interesting microcap stocks and news.