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Thread: KKT - Konekt

  1. #11
    percy
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    Well KKT have gone back to being my second largest Aussie holding.!!
    Ouch indeed.
    In reality I would think it is an ongoing business arrangement.
    People renegotiate leases,terms of trade,etc,so it has to be expected MHS being a major client wants to renegotiate contacts.
    I have held EBO for years.The have to renegotiate contracts with hospitals,governments and suppliers.
    A good successful business retains contracts.
    At this stage I see no reason why KKT cannot retain these contracts.
    I would also think it would be easier for MHS to negotiate with KKT rather than a lot of small service suppliers.
    Maybe a "window of opportunity" for KKT?.
    Last edited by percy; 06-01-2017 at 07:00 PM.

  2. #12
    Senior Member
    Join Date
    Sep 2013
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    Yeah ouch - Medibank playing hardball. I see even 2 years ago Medibank were struggling to make a buck out of their contract with the Australian defence force - with KKT one of two suppliers - https://ama.com.au/ausmed/medibank-s...t-defence-deal
    Relatively small beer for Medibank though, and hard to see them wanting to switch to smaller less reputable suppliers. Would be nice to know if this is KKT's biggest client (30% revenue) - I got in a few months ago, are any of you longer term holders up with that?

  3. #13
    percy
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    Started buying around August/September 2015 at 21 or 23 cents.
    Been adding since.
    Yes I think they are their biggest client.

  4. #14
    Senior Member
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    Sep 2013
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    Thanks for the info Percy. Well spotted back then - always great to find under the radar little companies with such a great niche and management who've proven they can execute on their strategy. (Just been reading Jim Collins 'Great by Choice' - execution much more important than innovation in business success)

  5. #15
    percy
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    Not sure whether I followed Noodles,Lizard, or DMX into KKT,but on checking I brought in on 10th September 2015 at 21.68 cents,more on 8th October 2015 at 25 cents, and my last purchase was on 11th July 2016 at 42 cents,taking my average purchase price to 27.072 cents per share.
    I look forward to DMX's January portfolio news ,which will be out early February, to see what they have to say on KKT.They have a brilliant analyst, who knows KKT well.
    You recommended "Great by Choice" by Jim Collins once before.I thought it was fantastic read thank you.
    Last edited by percy; 08-01-2017 at 08:22 AM.

  6. #16
    Advanced Member
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    Well positioned gets a mention Percy ...

    http://stocknessmonster.com/news-ite...E=ASX&N=998347

  7. #17
    percy
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    Quote Originally Posted by stoploss View Post
    Well positioned gets a mention Percy ...

    http://stocknessmonster.com/news-ite...E=ASX&N=998347
    Thanks for bringing it to my notice.
    I was not expecting the announcement until this morning.
    What a fantastic result.
    Just have to wait and see how their contract negotiations with MHS turn out?.
    Oh yes it is so reassuring to be "well positioned,"...lol.
    The PE of 15.51 looks very modest compared to the current eps growth rate of 63%.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  8. #18
    IMO
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    Got some at 53c.Banking on MHS being sorted.Maybe this is why a muted reaction on the mkt today.Only 1 comment on that other site and re 170,000 through ; s/p 56c atm.

  9. #19
    percy
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    Quote Originally Posted by Joshuatree View Post
    Got some at 53c.Banking on MHS being sorted.Maybe this is why a muted reaction on the mkt today.Only 1 comment on that other site and re 170,000 through ; s/p 56c atm.
    Certainly sorted with new contract with MHS being announced yesterday.
    Profit guidance confirmed, and margins remain strong.
    The continuing share buy back is also positive.

  10. #20
    IMO
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    Thanks, missed that one. A welcome positive amongst the littered wrecks of my small caps atm.

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