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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Knowledge Sppt | KSS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| Top Posts |
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Posted at 23/10/2002 13:40 by the jitters worth pointing out the 60k buy the other day was by Paulypilot. He said he ran the numbers again over the weekend and liked it. No idea if he plans on buying more at this stage, but considering his previous comments on this company its a very welcome change of view.Paul Curtis of course now has a notifiable stake too. Both of these investors have shown themselves to be shrewd when it comes to spotting this kind of situation, and I'm glad they are aboard. Phil |
Posted at 21/7/2002 14:50 by the jitters Yes, after looking around, I believe that is the case. KSS certainly have a very large degree of support from institutional investors now, specially given the small size of the company. Without checking I think majority shareholders now account for about 75% of the issued stock.Phil |
Posted at 25/6/2002 14:46 by cvolbrac The following was posted by 'Hallucigenia' over at the Motley Fool :-------------------- I've only skimmed the ARs at and I think I've cracked it. The main thing to remember is the distinction between the Consolidated balance sheet for the group as a whole and the Company balance sheet of the top holding company, the one you can buy shares in. The Consolidated one is p20 of the PDF (p19 of the paper version), the company one is p21 of the PDF(p20 on paper). I'll refer to the Consolidated accounts as Group ones, and use the PDF page numbering. From what I can tell, they raised £37m at floatation. In the 2000 finals, the Group BS reports £32.114m of Investments, which "include £8,734,691 (1999:£nil) shares held in money market funds which are stated at market value. The remainder relates to short-term deposits." (p39, Note 14). However the Company BS merely reports £37.398m in the "Amounts owed by subsidiary undertakings", Note 13 on the same page. So clearly what has happened is that the holding company raised £37m, and then lent it to the subsidiaries to speculate with. That way the dodgy dealings of the subsidiaries aren't held up to the full glare of the markets, but it does mean that the only asset of the holding company is a bloody great IOU from the cowboys in the subsidiaries. That ain't worth £38m in cash. By 2001, the Group investments were worth £23.706m, including "£2,575,497 (2000: £8,734,691) shares held in money market funds which are stated at market value. The remainder relates to short–term deposits." (Note 15, p32) However, they chose to redesignate the loan from the holding company from debtors to an investment. You can see this in Notes 13 and 14, p31 - debtors are reduced by £35m, fixed asset investments go up by £38m. It makes the balance sheet look a lot cleaner, but it's still an IOU. No doubt DM can comment further on the ins and outs of what exactly listed companies have to report, but personally, this kind of opacity puts me right off a company. It's not exactly Enron, but it does whiff a bit. Then you have to add in Bennavail's 8.69% holding, which gives him and the family control of the company - never mind my aversion to majority shareholders, how would an action group ever achieve anything? Leave well alone IMHO -------------------- Any comments? |
Posted at 22/6/2002 21:15 by mick p Sorry this is a bit late guys/gals, i posted it on HS Friday afternoon in response to a query about Newbrook Ltd (ie who are they?)Major Shareholders: 74.01m 0.20p Ords - Newbrook Ltd 44.53%, JP Morgan Fleming 5.72%, M & G Inv Mgmt Ltd 5.15%, Henderson Global Investors Ltd 4.74%, Clerical Medical 3.53%, Legg Mason 3.45%, Dr J Bennavail 8.69%, Other Dirs 0.25%. Have rung the cpy today (0161 228 0040) and, as thought, Newbrook Ltd is a trust for the directors shares. (spoke to a Sec in Finance Dept who did a quick bit of research for me) Looking at the list above, i'll bet the funds will be looking to get some value back for this one considering the floatation price...... cheers |
Posted at 20/6/2002 14:03 by cvolbrac I also like Nettec (NTC) which has about 12p cash vs 6.5/7p to buy. Enough cash to last 3yrs+, business on the verge of profitability. Dawnay Day Lander buying up a stake. From citywire, 25 April 2002 :-------------------- Following Nettec’s (NTC) results, Lander, whose private equity operation Dawnay Day Lander specialises in technology, feels confident he will also reap rewards from his stake building in Nettec. Dawnay Day Lander surfaced with a 12.6 million share stake or 10.4% of £9 million Internet design company Nettec yesterday after it picked up 1 million shares. Lander has been buying Nettec since last November at prices of 8p and below. Lander reckons the results firmly suggested management would return part or all of Nettec’s £16.1 million cash pile. ‘The company has done an enormous amount to restructure already and it appears the business has been breaking even since January,’ Lander told Citywire but admitted: ‘That is some guess work and from what they’ve said in today’s announcement. ‘My reading is that [management] are happy to return capital and I think Jeremy White [founder and 21% shareholder] as well as ourselves want them to.’ Lander points to a few issues management will have to sort out before they are likely to feel comfortable giving money back, namely a number of broken tenancy agreements where compensation needs to be negotiated which resulted from the closure of businesses. He also suggests management may have been coy when talking about the chances of a capital return because they did not want to raise shareholders' expectations given the disaster the shares have been since float. Trying to close Nettec down to get the cash out is not an option Lander is considering at the moment: ‘I don’t think Izodia ever had a business. It always puzzled me. Nettec may be small but it makes money now, that is a business … if it is now breaking even what does it need with all that cash?’ In Lander’s view the stock offers him a pretty secure 50% plus return from the current 7.5p and points out that even if management do not return cash and he cannot squeeze it out of them, you still have a solvent business plus a hoard of cash valued at a substantial discount. Citywire Verdict: There could be a bit longer to wait. But with the line up of activist investors holding significant stakes bar a disaster fellow shareholders should be able to look forward to getting their mitts on Nettec’s lovely lolly and some pretty attractive returns. -------------------- Chris |
Posted at 18/3/2002 20:46 by purple KEEP IT SIMPLE STUPIDKnowledge Support Systems Group PLC (KSS) KSS is grossly undervalued with a market value of only £10 million and £24 million in cash. The company is like Tadpole Technology with its peer-to-peer technology, in so much the produce has huge potential. KSS should reach break even and still have over 16 Million left in the bank in about 18 Months time. It has received press coverage, as it is a good investment play with its market value well below the intrinsic value of the company. It is also look very, very vulnerable to takeovers; there are a lot of CEO who are envious of this companies financial situation. Like Tadpole Technologies five fold increase from its year low, KSS has huge potential and will good investment for those astute investors. |
Posted at 06/1/2001 13:15 by moonblue more fun to be had on monday..............London, Jan. 4 (Bloomberg) -- Knowledge Support Systems Plc shares fell 32 percent after the U.K. software company said full- year sales will be lower than it expected because it failed to clinch contracts with several retailers. Knowledge Support shares fell 32 pence to 253.5, the lowest price since June 7, 2000, and the biggest intraday fall since the stock began trading on March 28, 2000. The ``failure to make the numbers at the end of the year has put more speculation on the stock, the risk has increased,'' said Owen Edwards, an analyst at Dresdner Kleinwort Benson. Edwards cut his recommendation for the stock to ``hold'' from ``buy'' before the company issued its trading statement. Investors dumped the shares after Knowledge Support said its revenue expectations for the year ended Dec. 31, 2000, were ``dependent'' on completing at least one agreement with ``major'' U.K. retailers. Those agreements will take longer than expected, it said. ``We are one deal short,'' Chief Executive Madan Singh said in an interview. The contracts were worth between 2 and 3 million pounds, he said. Knowledge Support had ``insufficient time'' before the end of 2000 to convert two pilot projects into license agreements with the retailers, the company said, declining to name the retailers. Investec Henderson Crossthwaite, the company's broker, cut its estimates for the full year to a pretax loss of 2 million pounds from a loss of 600,000 pounds, said Colin Line, head of equity sales, in an interview. He also cut his pretax profit forecast for 2001 to 1 million pounds from 2.5 million. Knowledge Support said it develops and markets software products that help companies by setting prices in competitive markets and allocating promotional resources. |
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