Kofax Share Discussion Threads

[matt123d] 06/7/2011 17:49

Good price action over the past few sessions, above average volume too.

Going to be a bit of supply in this area though, there's the top of the trend channel and 500p to contend with. If it breaks through then this will hit new highs pretty quickly.

In terms of newsflow there's been a constant stream of new contract wins over the past few weeks, unfortunately ADVFN doesn't pick them up, a US business wire feed is required.

[bluebelle] 03/7/2011 13:24

Yes, it's been drifting for a while now on the basis of no news. Has been one of the least good performers for me recently and was tempted to sell and switch into Titan but think the fundamentals are still sound so will stick with it.

[cellars] 08/6/2011 10:20

All is Quiet on board so it's good to see further Director buying

[matt123d] 18/4/2011 17:07

Technically the failure of 500p and the 50dma has brought out the sellers and shorters.

Obviously this needs more time correction to digest those large gains from earlier in the year.

[toonces] 18/4/2011 16:56

why is that share price plunging today?

[cockneyrebel] 28/3/2011 13:30

Large trades at a premium.

CR

[cockneyrebel] 25/3/2011 10:33

Carving through that resistance level to new highs this am.

Stunning mover when it gets going ah? :-)

CR

[cockneyrebel] 24/3/2011 15:09

Another one of those vertical breakouts coming here imo - look at that rally to the high today :-)

CR

[21richyrich] 24/3/2011 14:55

Thats quite a vote of confidence !!!

£250,000 worth

reminds me of Indigo Vision where Oliver Velicott bought in heavily ahead of a very nice share price rerating -:)



Irvine, Calif., 24 March 2011 - Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, announces that it was notified on 23 March 2011 by Non-executive Chairman, Greg Lock, that on 22 March 2011 he purchased 49,000 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") on the London Stock Exchange main market at a price of 489.28p each. The company was further notified that on the same day Greg Lock transferred 23,000 shares at no cost to The Greg and Rosie Lock Charitable Foundation Trust, a registered UK charity.



Greg Lock now holds voting rights attached to 491,000 Ordinary Shares representing 0.56% of the issued share capital of the Company.



For further information, please contact:

[cockneyrebel] 24/3/2011 14:26

That's some keen director buying :-)

489p he paid too :-)

CR

[matt123d] 24/3/2011 14:04

Another non exec chairman purchase, larger this time, nearly £250k.

[cockneyrebel] 23/3/2011 15:42

Non exec chairman buys nearly £60k worth, a month ahead onf the Interim Man Statement.

CR

[gnnmartin] 11/2/2011 12:01

This share has gone quite gratifyingly mad!
Nigel Martin

[goofball25] 10/2/2011 14:19

monster buys going through here

[wjccghcc] 10/2/2011 14:18

Certainly is :-)

[m.t.glass] 10/2/2011 14:06

share price 45% up from a week ago. That's nice ;o)

[wylecoyote] 09/2/2011 22:02

Hello,

am i right in understanding that like for like half year profits show a jump of 880%? Do they have any projections for year end?

Wyle

[matt123d] 09/2/2011 09:14

Altium raises again! Target 515p this time. They say buy.

[matt123d] 07/2/2011 20:13

Nice close on high of the day and an all time high on five times average daily volume.

[m.t.glass] 07/2/2011 11:34

Kofax Says Profit Jumps After It Wins New Customers

By Renee Lawrence - Feb 7, 2011 9:33 AM GMT

Kofax Plc, a U.K. image-scanning software maker, said first-half profit climbed tenfold after it added customers such as UBS AG and Intesa Sanpaolo SpA.

Net income for the six months ended Dec. 31 rose to $10.6 million, or 12 cents a share, compared with $1.1 million, or 1 cent a share a year ago, the Basingstoke, England-based company said in a statement today. Revenue rose 20 percent to $121.7 million.

Kofax which maintains a global network of more than 700 partners, said last month it will sell its hardware business for at least $20 million. Chief Executive Officer Reynolds Bish said he plans to expand the business by buying companies. Kofax has $69 million in cash and the company will have about $100 million in cash by June this year, Bish said by phone today.

"Any chief executive with that amount of cash would have to be punished for letting the money sit and I have no intention of going to the woodshed," Bish said, " We are looking to grow through acquisitions and could make an announcement this year."

The company said it expects software business revenue to grow by about 14 percent on an organic, constant currency basis during the current fiscal year. Bish said he is "very confident" Kofax will meet market forecasts of $245 million in software business revenue this fiscal year.

Shares rose the most in almost a year, climbing 8.4 percent to 393 pence a share in London trading today. The stock rose 7.9 percent to 391 pence at 9:15 a.m., giving the company a market value of 341.3 million pounds ($551.4 million).



To contact the reporter on this story: Renee Lawrence in London at [e-mail]

To contact the editor responsible for this story: Colin Keatinge at [e-mail]
.

[m.t.glass] 07/2/2011 11:32

"We would expect to upgrade our Software business EBITA forecasts by c.40% for FY 2011E and c. 35% for FY 2012E. On our upgraded estimates along with factoring in the disposal of the Hardware business at $20m, the Software business trades at CY 2011 EV/EBITDA of c.8x. This is a c.20% discount to the UK software sector which we believe is unwarranted. We reiterate our Buy and move our target price to 420p," say Altium.