||COM USD0.001 (DI)
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Kofax (London Stock Exchange): 0 recent articles
|gnnmartin: Having listened to the webcast of the conference call at hTTp://www.media-server.com/m/p/qrbjzzbc I am much more optimistic. Management seem fairly confident that this is a blip, not the start of a new trend. They say it is too early to say if the business that slipped out of this year will effectively add in to next year's results, but they weren't denying that as a possibility. Worth listening.
I was interested to hear that before the Nasdaq listing 43% of the shares were held by US residents or by institutions who could be expected to vote as would US residents, and now the figure is 70%. That shift of ownership has been responsible (I assume) for the rising share price. The share price fell very sharply after the RNS when dealings opened in the UK, and recovered a good part once the USA opened. Perhaps it will recover further on Monday given the (I thought) very encouraging conference call.
We should expect to see an RNS in the next week or two announcing the signing of at least some of the delayed revenue deals.
|gnnmartin: Does anyone besides me hold these in certificated form?
After the listing on Nasdaq last year I was sent 'Direct Registration Advice' for my shares. I don't know whether this replaces the pre-existing certificates. Anyone else know? I've emailed to Kofax and got a reply saying they would find out, but that was some time ago and I have heard nothing more.
Meanwhile, it's nice to see the share price steadily rising.
|starfishprime: Over on the QPP thread there is some excitement about its proposed dual listing as it is expected to move the share price up. Any thoughts here?
Company to Maintain Premium Listing on the London Stock Exchange
Irvine, CA, October 4, 2013 - Kofax plc (LSE: KFX, "Kofax" or the "Company"), a leading provider of smart process applications for the business critical First Mile(TM) of customer interactions, today announced proposed corporate structure changes to introduce a new parent company for the Kofax group named Kofax Limited ("New Kofax"), a company incorporated in Bermuda, which would maintain a premium listing on the London Stock Exchange and also list its common (i.e., ordinary) shares on NASDAQ (together, the "Proposals').|
|starfishprime: Over on the QPP thread there is some excitement about its proposed dual listing as it is expected to move the share price up. Any thoughts here?|
|starfishprime: Thanks Bo - I have never heard of a DR, then I am new to all this.
A Depositary Receipt is a negotiable U.S. security that generally represents a company's publicly traded equity or debt. Depositary Receipts are created when a broker purchases a non-U.S. company's shares on its home stock market and delivers the shares to the depositary's local custodian bank, and then instructs the depositary bank, such as BNY Mellon, to issue Depositary Receipts. In addition, Depositary Receipts may also be purchased in the U.S. secondary trading market. They may trade freely, just like any other security, either on an exchange or in the over-the-counter market and can be used to raise capital.
Depositary Receipts may be more specifically called American Depositary Receipts (ADRs), Rule 144A Depositary Receipts or Global Depositary Receipts (GDRs). These names typically identify the market in which the Depositary Receipts are available: ADRs are publicly available to U.S. investors on a national stock exchange or in the over-the-counter market; Rule 144A ADRs are privately placed and resold only to Qualified Institutional Buyers (QIBs) in the U.S. QIB PORTAL market; and GDRs are generally available in one or more markets outside the foreign company's home country, although these may also be known as ADRs.
Benefits to a Company
Currently, there are over 2,250 Depositary Receipt programs for companies from over 70 countries. The establishment of a Depositary Receipt program offers numerous advantages to non-U.S.companies. The primary reasons to establish a Depositary Receipt program can be divided into two broad considerations: capital and commercial.
Advantages may include:
Expanded market share through broadened and more diversified investor exposure with potentially greater liquidity, which may increase or stabilize the share price.
Enhanced visibility and image for the company's products, services and financial instruments in a marketplace outside its home country.
Flexible mechanism for raising capital and a vehicle or currency for mergers and acquisitions.
Enables employees of U.S. subsidiaries of non-U.S. companies to invest more easily in the parent company.
So if correct either a broker will buy a shed load of shares off LSE or Co will issue more direct to holding bank to either raise funds for merger/acquisition.
They must have something in mind to spend the fees and they already have plenty of cash.|
|cellars: I have only now noticed what may be the reason for the recovery in the share price from the post interim results low:
Commenting on these results, Reynolds C. Bish, chief executive officer, said: "Our second quarter software license revenue was lower than anticipated, principally due to a mid seven figure sale in EMEA slipping, which we now expect to close in a future quarter.
04/03/13 Website & News Release (but not RNS)
a leading provider of smart process applications for the business critical First Mile of customer interactions, today announced that a national government agency in Western Europe has selected Kofax for a large scale capture project. The value of the contract to Kofax exceeds $4.8 million.
An RNS announcement such as many / most companies make about significant new order wins might have reached a wider audience.
A quick review of the news releases this year suggests to me that the order run rate has picked up from H1.|
|mog: Up 5% today, tipped somewhere? Wouldn't be surprised as does seem to be a possibility of Fisher's "glitch" idea where a share price is cheap because of some change that is happening. In this case decline in software licence revenue occurred in legacy capture products but on the other hand new mobile capture product revenue is growing faster than expected.|
It is at least 7 years since I held these but just stated looking again.If you strip out cash they seem now to be valued at about 50% of sales is that right and has anyone done any research in how that compares to the US competitors? It just seems cheap in a digital world for a world class company and I would have thought it could be bought out if the share price stays down here. But I would welcome thoughts from people who follow it closely Thanks|
|gnnmartin: I've upped my holding at 3.40, and meanwhile done a few calculations of PEs. They are all over the place, depending on the assumptions you make. I do think that raw PEs as generally bandied about are useless or positively misleading, and I rely on gut feel mostly, but gut feel having looked at the accounts, the public statements, meeting the directors at AGMs, and comparing past expectations with past achievements. Anyhow, for what the are worth, here are 10 PEs, all historical, all fully diluted, with varying adjustments. The data was taken from the last interim report.
Working on 88m shares in issue, with a dollar exchange rate of $1.64 per pound and a share price of £3.4:
Last full reporting year (to 30/06/10)
Basic diluted historical = 61.8
Adjusted diluted historical = 27.7
Basic diluted historical = 58.5
Adjusted diluted historical = 30
Last 12 months (to 31/12/10)
Basic diluted historical = 28
Adjusted diluted historical = 18.9
Basic diluted historical = 25.7
Adjusted diluted historical = 19.6
Doubling 1st half
Basic diluted historical = 23.4
Adjusted diluted historical = 16.3
I'm not much in favour of the 'adjusted' figures: I don't accept, for example, that the cost of executive share options is less significant that the cost of their salaries. Still, take that how you will.
|gnnmartin: I see they are holding a conference call in the USA at the moment (3pm our time). I guess (or hope) they were a bit startled at the share price reaction. I think everyone is a bit nervous at the moment, with the USA congress & president playing chicken and the Europe shouting "Don't panic!" over the euro.
Anyhow, I've bought a few, so they can go up now. :-)
Kofax share price data is direct from the London Stock Exchange