Kbc Adv.Tech. Share Discussion Threads

[gargoyle2] 22/9/2015 08:41

Equity Development this morning:

[gargoyle2] 21/9/2015 12:28

The RNS identifying the buyer will presumably follow soon. My guess is that GS had been buying on behalf of a client (they would hardly have built up such a big stake and sold it so quickly on their own book), so it'll be interesting to see if it's an industry player. I hope so.

[noble3r] 21/9/2015 11:46

I was right - Goldman Sachs are out. RNS refers to below 3%

[p1nkfish] 18/9/2015 17:05

Maybe someone knows something about the terms of the contract(s) that makes them less than perfect?

[gargoyle2] 18/9/2015 16:45

It looks like the 106/107p area is pretty important here. If it falls below that, then it could drop further imo. I'd like to think that the interims will reflect the recent statements from the company, i.e. confidence in meeting expectations, profit optimization remains a key area of focus for clients, etc. I'd like to hear news of more software sales. The consultancy contracts are encouraging, but software is where the margins are.

[noble3r] 18/9/2015 15:34

the market and not necessarily the executed BID trades is still forcing this share down in my opinion. I remember all the BUYS that went through only 10 days ago when it suddenly bounced to 120p.

The BUY has dropped 10% in 10 days. Within those 10 days we've had two new contract awards!! This doesn't bode well for the interim's

[p1nkfish] 18/9/2015 12:34

they gave notice last Sept if I remenber correctly.

the down trend doesn't look too good. 105p? or sub 100p?

[noble3r] 18/9/2015 11:27

thanks richjp.

i'm not liking this downward trend that seems to be forming

[richjp] 18/9/2015 11:15

Most companies I follow give advance notice of both interims and finals and if KBC has not done so before, they may just be catching up with what I would regard as normal practice.

[noble3r] 18/9/2015 10:40

advanced notice of results. don't remember KBC ever giveing this notice period before previous results were due.

[noble3r] 17/9/2015 10:08

volume of 6.75m shares is very close to Goldman's entire holding.
surely they haven't offloaded....

[gargoyle2] 17/9/2015 09:14

That's around 8% of the company, so either Kestrel, AXA, Coltrane or Goldman. Goldman transferring to a client, or maybe a transfer between funds? No effect on the price.

[noble3r] 17/9/2015 09:05

6750000 shares executed this morning at 112p.
RNS to follow

[noble3r] 16/9/2015 15:05

our sector is nearly 4% up today and KBC remains one of the few constituents flat.

[gargoyle2] 16/9/2015 06:36

For anyone interested, here's a relatively recent EY report of the Russian refining sector. It looks like there could be good opportunities here for KBC, as they upgrade and modernize their plants:

[noble3r] 15/9/2015 17:31

try to look at it as more of an opportunity to expand the companies footprint within Russia and the FSU - namely Kazakhstan.
You'd rather not have the contract? - seriously!!

[cestnous] 15/9/2015 14:24

I'd rather that contract was not with Russia. Defaulters paradise.

[noble3r] 15/9/2015 11:25

11th Sept stock was being bought(or sold) at 121.50p, fast forward to 15th Sept and its 110p. Since last Friday we have had 2 market announcements of new contract awards. The market continues to attempt to suppress KBC, along with a seller offloading 5000 chunks.

its a HOLD for me even at 110p - interim's may hold the answer

[brummy_git] 15/9/2015 09:34

New research note out from Equity development

hxxp://www.equitydevelopment.co.uk/doc/1390.pdf

[gargoyle2] 13/9/2015 13:19

Would be interesting to know how the US$ 11 million potential revenue is phased over the 3 years actually.

[gargoyle2] 12/9/2015 18:33

Agree, nice contract win, but was it really worth RNS-ing? This is an US$ 11 million contract (i.e. GBP 7.1 million), if you include the optional services, spread over three years -- i.e. roughly GBP 2.4 million per year. Hardly material, arguably, in the context of forecast annual revenues of roughly GBP 75 million.

[noble3r] 11/9/2015 11:05

yes and especially with companies trying to improve their margins in the downstream business to offset losses in the upstream unit.

Not sure if the below is public knowledge but it will at least give an insight into estimates for 2016. EBITDA being the values i'm interested in.

Yea r End - Dec 2014 A 2015 E 2016 E
Sales (£m) 76.0 72.6 77.3
Sales growth 17% -4% 6%
EBITDA (£m) 12.9 13.5 14.5
EV/EBITDA 5.5 5.2 4.9
In price EV/EBITDA 3.5 3.4 3.1
PBT (£m) 6.7 6.9 8.3
eps (p) 9 9.5 10
eps growth -2% 6% 5%
Yield 1.0% 1.1% 1.2%