In today’s briefing:
- S&P/ASX Index Rebalance Preview: Potential Changes, Impact, Shorts & Positioning
- Kinatico Ltd – Q3 SaaS Growth Demonstrates the Flex Potential
S&P/ASX Index Rebalance Preview: Potential Changes, Impact, Shorts & Positioning
- The review period for the June rebalance of the S&P/ASX family of indices ends tomorrow and we expect two changes for the S&P/ASX 200 (AS51 INDEX).
- Impact of passive trading on the stocks varies between 4.3-11 days of ADV. Short interest on the potential adds is small while there are significant shorts on the potential deletes.
- We expect there is pre-positioning on at least three of the four stocks. In some cases that is small, while it could be a lot larger in other stocks.
Kinatico Ltd – Q3 SaaS Growth Demonstrates the Flex Potential
- Kinatico Ltd (ASX:KYP) is a ‘Know Your People” regtech company providing workforce compliance monitoring and management technology and services.
- The company recently reported Q3 NPAT of $0.4m and positive cash flow of $0.2m, excluding buyback expenditure.
- Q3 sales were a record $7.0m, including $1.5m of SaaS revenue, which was up 143% on the previous corresponding period (pcp) and 51% on the prior quarter.
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