Kbc Adv.Tech. Share Discussion Threads

[fredfishcake] 12/1/2016 09:06

All other things being equal, you will actually receive 185p per share - but it normally takes several months before you actually get the cash - and there are no dealing fees. Alternatives are that one of the groups fails to get approval (unlikely here as both boards have recommended the offer) and the deal falls through, with related share-price drop, or that another, improved offer emerges from the woodwork from another company and they get into a bidding war. That isn't common, and certainly isn't something to rely on. As you can currently sell for 183, I'd echo gersemi's advice and suggest you sell in the marked to get the cash now.

[gersemi] 12/1/2016 08:25

Doobz

Sell into the market today. You may wake up tomorrow and find the acquiring company have changed their minds!

Waiting around for the cash takes weeks and it's a pain up the backside

[doobz] 12/1/2016 08:11

Hi all, great morning for us. I'm fairly new to investing and I have never been in a position where a bid is mentioned before, what happens when it is complete, will I be paid at the price that the bid is settled on? Is there any risk of losing it all if I don't sell out before it Completes? A very novice question and I appreciate your patience and advice Doobz

[jim208] 12/1/2016 07:57

Looks like Zak Mir got his 180p target within timescale then! :-)

[seans66] 12/1/2016 07:15

Nice! Cash takeover.

[gargoyle2] 14/12/2015 05:56

Nice quiet breakout on Friday. Has prompted Zak Mir to call KBC up to 180p within the next 2-3 months:

While it is the case that in today’s first Bull Call we are looking at a situation where we are in the run up to a golden cross buy signal between the 50 day and 200 day moving averages, as far as KBC Advanced Technologies are concerned it can be seen how the equivalent technical event occurred last month. In fact, this situation has been in prime bull mode from as long ago as May when there was a vertical spike through the 200 day moving average now at 114.52p. Helping out since then has been the way that even on support tests the shares have not fallen below the 200 day line. Indeed, what we have seen is the 50 day line now at 128p and the floor of a wide rising trend channel come in as the buying zone for traders. All of this would go to suggest that provided there is no end of day close back below the 50 day line we can expect significant further upside. Just how high the stock could fly is suggested by the top of a rising July 2014 price channel currently with its resistance line projection pointing at 180p. This is a 2 – 3 months timeframe target.

[gargoyle2] 10/12/2015 08:33

Good to see Coltrane increasing, as well as Kestrel. Coltrane's last announcement (when they crossed the 9% threshold) was on 21 September, meaning they have been steadily buying since then (over 650k additional shares in total).

[gargoyle2] 04/12/2015 13:28

Fincap reiterates buy rating, 160p target price.

It looks to me as if we are preparing for another rise here, past the previous highs. All imo.

[gargoyle2] 11/11/2015 05:21

London, UK – (10 November 2015) – KBC Advanced Technologies plc (“KBC”), a leading consultancy and software provider to the hydrocarbon industry, is pleased to announce the launch of the Petro-SIM™ 6.1 process simulator. This marks the next step in KBC’s continued drive to provide superior value and innovation in process simulation for the hydrocarbon processing industry. Petro-SIM continues to reinvent process simulation technology with rigorous simulation models that generate trusted results in an intelligent, user-friendly environment for upstream, midstream, refinery or petrochemical processes. Petro-SIM 6.1 continues to support the open platform vision for Petro-SIM within process simulation and to improve the existing platform architecture.

Mike Aylott, KBC’s Chief Technology Officer, said, "Petro-SIM 6.1 extends our commitment to an open and extensible platform, giving extension developers full access to our database and Microsoft Excel™ integration together with new methods for extending the functionality of built-in objects."

"We also announce Petro-SIM Web, an exciting new technology that makes Petro-SIM simulations available through modern web browsers, giving organisations more options for viewing and running simulations and collaborating in their own or partner organisations, extending the reach of the Petro-SIM platform across the plant lifecycle," added Mike.

[gargoyle2] 06/11/2015 13:46

Zac Mir calling KBC up to 180p within the next 1-2 months:

It can certainly be rather tough to steal yourself to buying a stock or market at the highs, hoping that it will be a momentum play, rather than the end of the line for a rally. In the case of the present position of KBC Advanced Technologies it can be seen how there has been progress within a rising trend channel in place on the daily chart from as long ago as the beginning of last year. The big breakthrough this week is clearly the conquest of the initial 2015 resistance at 130p, especially so given the way that the old high has been broken by such a distance. However, it may actually be said that the best thing about the recent price action here has actually been the way that since May we have been treated to multiple support points well above the 200 day moving average at 108p / the 2014 price channel floor. All of this goes to suggest that provided there is no end of day close back below the 130p level – allow down to 125p for stop loss purposes, one would expect to see the 2014 price channel top at 180p hit over the next 1-2 months at KBC Advanced Technologies.

[gargoyle2] 05/11/2015 09:36

The blog flagged at post 2032 reckons the 129p level is crucial here:

"Firstly, there's that BLUE line and it's quite important. It dates back to 1999 and visually the market is working pretty hard to keep the price from closing above it.. According to our movement calculations, in the event of this share closing above 129 (BLUE), it enters a cycle to a pretty useful 164p"

Let's hope we're through that level, and that the forecast is correct.

[gargoyle2] 04/11/2015 18:08

Price up 8% on no obvious news. It can't just be the finncap note or the breakout, in my view/speculation. News on the way?

[gargoyle2] 02/11/2015 14:41

Finncap initiate coverage with a 160p target:

[brummy_git] 23/10/2015 11:38

Short note out today from Equity development on the positive contract win

hxxp://www.equitydevelopment.co.uk/doc/1417.pdf

[bakunin] 16/10/2015 11:53

Gargoyle
Receivables should be less of a problem when/if technology becomes the main activity of the company. If the producing nations that delay payment for consultancy don't pay the annual software maintenance revenue, then either they will be in the lurch when they phone up for support or the licensing mechanism would shut the software down.

[gargoyle2] 24/9/2015 05:14

Simon, re post 2062. I agree with you in part. My thoughts at the moment:

1) Encouraging to see Coltrane and Kestrel increasing, as well as the directors exercising options. I'm also intrigued to find out who Goldman offloaded to, should be revealed in next day or two. (Kongsberg increasing or another industry player would be nice.)

2) The timing of the FEESA and Infochem acquisitions was clearly not ideal, but it sounds as though the collaboration with Kongsberg should put the company in a good position when upstream picks up. (I'm actually not so doom and gloom about the oil price and reckon it will pick up, say to $60, by the end of Q1 next year. I can't see Saudi being in a position to keep prices low for much longer and reckon there'll be a deal with the Russians to cut back on production. I think Iraqi production next year is probably over-estimated too. My crystal ball could be mistaken, however.)

3) Downstream is still performing well, and that part of the business does seem to be largely immune to the oil price. There are still huge opportunities in the Middle East (including Iran, in the medium term), and Europe does seem to be picking up.

4) Good to see Technology revenues are up, but I'd like to see more. It was only 24% of group revenues in H1, whereas it was 28% of revenue in 2014 (and 27% in 2013). Technology revenues do seem to be H2 weighted though, so I'm hoping to see that % figure increasing for the full year.

5) As Woodcutter points out, the large receivables are still a concern, and cash is down. (Although they say down from GBP 11 million at year end to GBP 10.6 million at 30 June, the cash balance was actually GBP 15 million at the end of January, so there's been a big swing. Still a nice buffer though, and costs in H2 will be lower.)

6) I'm confident that KBC will be taken out at some stage in the next year or two. The business is on a much better footing than it has been in the past, and new management has impressed me.

[noble3r] 22/9/2015 14:54

whats happening - volume increased hugely and its all due to SELL's on the BID that is rock solid at 110p. MM's seem happy to mop them up which is encouraging but I am concerned that PI's seem to be offloading.

[woodcutter] 22/9/2015 12:03

commented this time last year regarding the large receivables and doesn't appear to have been any improvement. sector continues to look weak however KBC appears to be holding up okay. similar to last year, will pass for now.

woody

[simon gordon] 22/9/2015 10:19

Hi Gargoyle,

Hope all is well.

Seems to me that KBC's upstream strategy has had to be dialled back and probably they bought FEESA right at the top of the market.

KBC has historically been a cyclical business with lumpy contract awards hitting the share price as they occasionally slip.

The oil price is forecasted to remain low in 2016 with upstream cutbacks only intensifying.

PSP launched exactly three years ago and has yet to have a juicy headline contract award and that was before the upstream industry went into meltdown.

It looks like dead money. It gets the odd pop as ST and NT tip.

Seems the best hope for a serious profit is a takeover or blockbuster contract award. Earnings upgrades look a distant prospect with the battle to keep estimates in line. If oil stays depressed for a couple of more years can they ward of an earnings downgrade?