This week, I'm looking for the fifth technology representative of six for my Ivy portfolio.

The technology sector includes nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health and information technology and services to internet, scientific instruments, software, solar and all such technological enterprises.

Today I'm reviewing a small-cap software - application company named Asseco Poland SA. Their trading ticker symbol is ASOZY.

Asseco Poland SA is the Polish subsidiary of the multinational Asseco Group, which has a presence in Europe and Israel. The firm develops sector-specific software for banking and finance and executes large IT projects for healthcare, insurance, and other sectors in public administration.

Asseco's flagship product for the banking sector is the comprehensive IT suite def3000, used by financial institutions in Poland. The firm also provides IT consulting, systems integration, and implementation services for large and midsize industrial enterprises.

A large majority of the firm's revenue is generated through proprietary software licenses from Polish institutions.

The company was formerly known as Softbank S.A. and changed its name to Asseco Poland S.A. in January 2007. Asseco Poland S.A. was founded in 1989 and is based in Rzeszów, Poland.

I use three key data points to gauge Asseco Poland SA:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

ASOZY Price

Asseco's price per share closed at $12.51 yesterday. A year ago its price was $12.26. Price rose $0.25 or over  2% in the past year.

Assuming Asseco's stock trades in the range of $11.00 to $14.00 this year, Asseco's recent $12.51 price could rise by $0.99 and go to $13.50 by early-June, 2020.

ASOZY Dividends

Asseco's most recent annual dividend was $0.81 declared April 29th and payable June 20th.

That $0.81 A payout produces a resultant yield of 6.46% based on yesterday's $12.51 closing price.

Gains For ASOZY?

Adding the $0.81 annual announced dividend to my $0.99 estimate of Asseco's price upside shows a $1.80 potential gross annual gain, per share, which will be reduced by costs to trade those shares.

Say we pay a little over $1,000.00 today at the $12.51 recent stock price would buy us 80 Asseco Poland SA shares.

A $10 broker fee paid half at purchase and half at sale will cost us $0.13 per share.

Subtract that $0.13 brokerage cost from the estimated $1.80 gross annual gain leaves a net gain of $1.67 X 80 shares = $133.60 or a 13.3% net gain on a $1.000.80 investment.

Therefore, Asseco Poland SA whose trading ticker symbol is ASOZY, now shows a possible net gain of 13.3% including a 6.46% dividend yield.

No brokers track Asseco Poland SA stock:

So no argument from the pros for my estimates.

Therefore, you can look at Asseco Poland SA and see it has made money, is making money, and could net a 13.3% gain including a 6.46% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to determine if Asseco Poland SA is worth your time and money.