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KTS Knowledge Tech

0.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Knowledge Tech LSE:KTS London Ordinary Share GB0003353371 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.25 GBX

Knowledge Technology Solutions (KTS) Latest News

Real-Time news about Knowledge Tech (London Stock Exchange): 0 recent articles

Knowledge Technology Solutions (KTS) Discussions and Chat

Knowledge Technology Solutions Forums and Chat

Date Time Title Posts
28/2/200923:49Hope we never see an opportunity like this again458
19/2/200900:37KTS with Charts & News2
06/6/200813:54Never seen an opportunity like this before !1,701
14/10/200509:57COLOSSAL POTENTIAL AT KNOWLEDGE MANAGEMENT SOLUTIONS554
09/2/200509:05Knowledge Technology Solutions, 6.5p could quadruple!108

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Knowledge Technology Solutions (KTS) Most Recent Trades

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Knowledge Technology Solutions (KTS) Top Chat Posts

Top Posts
Posted at 19/2/2009 00:37 by sjcsystems
God knows, this only complicates issues. KTS are silent, probably no one left to say anything anyway, so why we need another thread to look at I don't know.

Rumour that they have lost a client of their CFD trading platform, will confirm if I can.
Posted at 13/2/2009 09:05 by baile50
when will there be any news on kts.
Posted at 11/2/2009 00:30 by sjcsystems
PATSystems announced good results on Tuesday and their share price responded accordingly. Pity the feel good factor of KTS also having the same Chairman didn't materialise.
Posted at 23/1/2009 09:56 by 53tom
Well - a MIRACLE KTS is up 20%!!
Someone has bought £4000.00 worth - a brave punter or a director who has better information?
i have written off any money here.
Posted at 21/1/2009 17:14 by sjcsystems
Pity we can't change the thread name here...what a mess.
I thought the AGM was supposed to change the name to remove KTS ? No news is bad news. Very disappointing considering that there is such huge growth still in spread betting and CFD trading.
Posted at 21/1/2009 12:47 by 53tom
redundancies - thats unfortunate for all of us.
Now it dropped by a third to be even more worthless than it was!
25 million shares sold at o.o5p
Wonder which large investor was forced to sell at such a pitiful price.
Whoever it is they must be in a bad way.
Posted at 28/11/2008 08:25 by steelwatch
Chief Executive's Review

This is my first review following the departure of my predecessor and my appointment as CEO earlier in the year.

It has been a period of great change and challenge. Nonetheless, we are emerging with a more focussed product range and see signs of forthcoming recovery in performance.

The implementation date for the much discussed Markets in Financial Instruments Directive (MiFID) passed without the anticipated increase in demand for technology and related services. For KTS/Arcontech however, MiFID provided the opportunity to work jointly on the real-time web portal for Borse Berlin's Equiduct, the new Pan-European stock exchange, which went live on 4th April. Although the return from this contract was disappointing, it has enabled us to develop additional direct exchange connectivity components and know-how that add to our capability in core business areas.

The withdrawal of KTS from the MarketTerminal business was expensive in terms of management time but nonetheless has been achieved within the provisions made. The associated staff and infrastructure reductions means that the Group will move forward with a lower cost base, focussed on the proven Arcontech product range and with the opportunity to incorporate the MarketTerminal intellectual property.

We have continued to invest and advance AXE, our on-line trading system platform. We now have broking clients running this platform live, in both spread betting and Contracts for Difference, servicing customers in Europe and the Middle East. The last report mentioned the Hichens Harrison contract win and I am pleased to report that their AXE system is now trading successfully.

Growth in the major retail margin trading firms has been strong and we watch with interest the moves from the London Stock Exchange and other markets towards on-exchange CFD trading. This could further stimulate demand for the margin trading technology that AXE provides as more firms see the benefits of offering margin products directly to their retail clients but also via brokers as a 'White labelled' service, a strong feature of AXE. We look forward to developing the AXE product further to cater for the ongoing requirements of customers.

We continue to enhance Arcontech's traditional 'CityVision' products aimed at firms seeking both vendor independence and cost-efficiency, particularly for their vital market data contributions. We are engaged with several major investment banks and are encouraged that the 'credit crunch' does not appear to be impeding progress towards new business. We have added a raft of additional features in response to increasingly sophisticated requirements from existing customers and new prospects, maintaining CityVision's position at the forefront of its market. Recurring revenue remains strong, with no clients lost during the year.

I look forward to developing the opportunities for growth that we believe exist for the refocused Group, soon to be renamed Arcontech Group plc, in the coming year.

Andrew Miller
Chief Executive
Posted at 28/11/2008 08:24 by steelwatch
Chairman's Statement

Commentary

The year ended 30 June 2008 was one of many challenges for Knowledge Technology Solutions. We have addressed these challenges and have emerged with a stronger business based on the Arcontech product set.

As reported in my interim statement we concluded that the MarketTerminal subscription business should be closed. We announced on 22 May 2008 the intended closure of this business on 29 August 2008 and the sale to Ionic Information Limited of certain of the MarketTerminal assets, including goodwill for an initial consideration of £50,000 and further consideration dependent on the number of clients transferred to the Ionic platform. The aggregate proceeds accounted for during the year were £137,500.


During the year the traditional KTS business, which largely comprises MarketTerminal contributed post tax losses of £1,337,363. In the period since its acquisition on 4 September 2007, Arcontech contributed post tax losses of £300,135.


Exceptional charges, which were reported in the interim statement earlier this year were also incurred, amounting to £222,062. These costs related to the termination of the Arcontech lease prior to moving to the KTS premises, and the settlement with our previous Chief Executive. These costs will not reoccur.


The Arcontech business, acquired in September 2007, contributed turnover of £1,037,177 in the financial year under review. Arcontech has been adversely affected by our focus in dealing with the MarketTerminal business, as well as delivering the Borse Berlin/Equiduct project, which with hindsight, was significantly under-specified by the previous management. These issues are now largely behind us and we are therefore able to concentrate on delivering the Arcontech CFD and spread betting AXE system and winning new business in this area, as well as extending market share in Arcontech's traditional distribution and contributions market space. To this end we have added to our sales resource in order that we are more able to identify and respond to the opportunities available in our markets.


Financing

We completed a fund-raising of £1,185,000 (net of expenses) on 3 April 2008. During the year under review the group sustained a significant net cash outflow from operations amounting to £1,681,851. This outflow has been reduced by the disposal of the MarketTerminal business. Once the benefits of focusing on the Arcontech business begin to be realised we expect to start generating cash, however, the timing of this will be dependant upon when orders are won and clients invoiced.


Management and Staff

I would like to thank all our employees for their hard work, commitment and dedication during what undoubtedly has been a period of change and uncertainty. Their continued support will contribute to the future success of the Company.

I would also like to thank Andrew Miller, who joined the board following the acquisition of Arcontech in September 2007, and became Chief Executive in December 2007. Without his unstinting hard work and focus the reshaping of the Group would have been significantly more difficult. I look forward to continuing to work with him to drive the refocused business forward to sustain profitability.



Change of Name

Reflecting the new focus of our business a resolution will be proposed at our forthcoming Annual General Meeting to change the name of the group to Arcontech Group plc.


Outlook

It should not be underestimated the amount of management time and energy that has needed to be dedicated to dealing with the cessation of the MarketTerminal business and its ultimate sale. As a result it has not been possible to apply sufficient resources (mainly management time) to realising the many opportunities presented by the Arcontech business. This has now been rectified and already we are seeing notable increase in sales prospects and opportunities, some of which we are hopeful will result in orders in the near future.

The general level of uncertainty in the UK financial markets means the precise timing of such orders is even more difficult to predict. We view the future with renewed optimism and believe we have created a stronger platform for growth.

Richard Last
Chairman
Posted at 03/10/2008 16:34 by bluenose851
Its is different now. This company needs to change its name and fast. Any watchers know that I have been very anti market terminal since the start, given my knowledge of the industry. The current name is tarred with a very dirty brush and it will not pick up until the name is changed. I think I remember they said it was to be renamed, I may be wrong but until then, and maybe a capital consolidation to take it out of this silly share price range, it will be stuck.
Posted at 01/4/2008 09:57 by 53tom
Your dead right, without Arcontech we would be a stone cold dead duck by now.
Questions are.
How big will share placing be, at what price, and have they interested large investors on the sidelines (with available cash)? A public placing will be very dodgy at present.
Whether, and how soon, they can find a buyer for the Market Terminal business, and one who would take it without the IP rights?
How quickly they hit breakeven? The contribution from just 4 months of Arcontech was outstanding and if that is grown through the strong demand experienced and extrapolated to a full year, then could see £2m turnover and £500k profit just from Arcontech input in this year. The question then is how much that is negated by the remaining kts businesses, so the quicker they sell the lossmaking kts parts the better.
They are predicting a profit this year, fingers crossed they could be right!
As someone who has had his fingers burnt on kts (stoploss, stoploss, stoploss) and who had written them off, any reasonable improvement in share price will come as a real bonus.
Andrew Miller seems to be switched on and have a product that people actually want to buy.
Light at the end of the tunnel?
regards
Knowledge Technology Solutions share price data is direct from the London Stock Exchange

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