Share Name Share Symbol Market Type Share ISIN Share Description
K3 Business Technology Group Plc LSE:KBT London Ordinary Share GB00B00P6061 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -63.00p -29.86% 148.00p 140.00p 156.00p - - - 0 07:30:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 83.3 0.0 -1.1 - 47

K3 Business Technology Share Discussion Threads

Showing 1001 to 1024 of 1275 messages
Chat Pages: 51  50  49  48  47  46  45  44  43  42  41  40  Older
DateSubjectAuthorDiscuss
18/7/2012
12:57
Phil It looks like a sale of 5000 shares?
dpmcq
18/7/2012
12:21
Interesting rns; first holding, looked up what they do. Maybe this is our buyer?
philo124
02/7/2012
11:34
Link to my post over on the ZULU thread. http://uk.advfn.com/cmn/fbb/thread.php3?id=26707416&from=953#firstpost KBT doesn't currently qualify as a ZULU but I thought it may appeal. Regards GHF
glasshalfull
28/6/2012
09:43
GHF Thanks, we hope you are on the money.
philo124
28/6/2012
09:01
KBT As per Orange1's post above, it would appear that we can expect an announcement in the next few weeks in respect of the ongoing bid saga. My assumption is that there is a strong possibility of an agreed  deal taking place & my logic is simply that we have now had the passage of 4 full months since they announced receipt of "a number of indicative bids", and surely if parties were miles apart we'd have received notice of termination well before now. Management have required to consider the strategic direction/offers for the company since RNS announcement of 1st Dec 2011, and I'm quite certain that in the absence of news to the contrary we must be close to a resolution. The fact that they documented receipt of a number of bids "materially higher" than the shareprice on 29th Feb 2012 (which stood at 154p mid) and is only 8% higher today, suggests to me that this is a decent risk/reward play at present time. Sure, should an acceptable bid fail to materialise then these will come off. As mentioned, they were 154p prior to the latest bid announcement and I'm sure failure would knock them back further, but I'd counter this would be on the back of short term sentiment as the underlying business and prospect of 28p EPS would hopefully see recovery in due course as the latter 6 "opportune" acquisitions start delivering. However, what is the liklihood of an acceptable bid and at what price?  Market cap is £47.7m (at 167.5p) and add back net debt of £13.3m for EV of £61m. This is for a company forecast to deliver in excess of £10m PTP (via consensus of 4 brokers) and EPS of 28p for year just ending 30th June 2012 & with 30p EPS pencilled in for the year beginning next week. I therefore think that they should command a minimum EV of  £80m which given shares in issue suggests a minimum price of 233p which would place then on a takeout PER of 8 or 40% premium to current share price. Given my assumptions and calcs I'm a keen buyer at the current price. Regards, GHF
glasshalfull
23/6/2012
18:30
Thank you.
philo124
23/6/2012
13:46
On 1 March 2012, the Company announced the commencement of a formal sale process. The deadline for receipt of indicative proposals was 27 March 2012. On 4 April 2012 the Company announced that it had received a number of indicative proposals which it was in the process of clarifying. Potential offerors would be given access to a detailed data room and further access to management, following which the Board aimed to be in a position to announce a recommended offer to shareholders during July 2012. Expect an announcement in July is the obvious answer to the question.
orange1
23/6/2012
12:18
Like i posted a few months ago, i bought a business in a day with all legals finance done start to finish- 14 hours. Either somebody wants it or they don't!
philo124
23/6/2012
12:16
Does appear to be the longest takeover talks in history....
stegrego
23/6/2012
11:24
Does anyone know WTF is going on if anything?
philo124
05/4/2012
09:23
thats a tiemscale for a decent process of due diligence and if its a plc that needs to raise cash to fund a purchase they would need that sort of period to do all the prospectuses etc. The good news is that there are a few people at the table it appears. The idea being they all do their due diligence and then submit final binding offers without indicative ones subject to caveats about due diligence etc. Easy to say I will offer £50m subject to DD which means you can come back after DD and say actually its only worth £30m. Like buying a house subject to survey. This way we get survey done first and then have the real offer . Options will always trigger on a bid so no timing issues there
felix99
05/4/2012
08:53
Re update; why would it take to July? Directors' options?
philo124
26/3/2012
12:44
Seems Mr.Claesson has increased his holding by 1.5%
rogash
22/3/2012
20:03
MMs are very short of stock though. When the price was 192-195 Wins were asking 202 for a purchase of 10000 shares and, wait for it, 231p for a purchase of 20000.
orange1
22/3/2012
19:55
Felix Missed that post somehow. Might try a few - the chart looks very 'incomplete'. Nothing ventured as they say.
yump
22/3/2012
18:10
YUMP read my post 771 rofl. You would have been 10% up by now Mr Hedgie,
felix99
22/3/2012
17:09
Having got a spare wad of cash floating about, I'm wondering whether this might be a no-loss 'hedge-fund' type investment. ie. if its pretty certain to get taken over and the price is pretty certain to be at least 200p, perhaps I should load up seriously. Average would probably be around 190p. I don't normally do that sort of thing, but if it works for a hedge fund with Cadburys...
yump
22/3/2012
15:44
Thanks guys; good to be over £2; 280/300p would be very good result.
philo124
22/3/2012
15:14
Yump I was looking at a fair price of £2.80 but will gladly take you valuation ;-)
dpmcq
22/3/2012
14:55
Would have thought that a reasonable valuation would be around 300p, that would only be a p/e not that much above 10, for what seems to be a solid business.
yump
22/3/2012
14:45
Nosy buying today and the market makers are seemingly very short on stock. Next Tuesday marks the end of Phase 1 of the sale process since indicative proposals have to be submitted before then. A recap on how the sale process is to proceed: ¨The Company is proposing to conduct the formal sale process through its financial advisers, Deloitte Corporate Finance (contact details are provided below), in the following manner. Any interested party who approaches Deloitte Corporate Finance will be required to enter into a non-disclosure agreement with the Company on reasonable terms satisfactory to the Board and on the same terms, in all material respects, as other interested parties, before being permitted to participate in the process. Once the non-disclosure agreement has been signed the participant will receive a copy of an information memorandum and information pack. The Company requires that indicative proposals are submitted by interested parties by no later than 27 March 2012. It is intended that those parties who submit indicative proposals that are acceptable to the Board and its advisers will be taken forward to the next phase of the formal sale process and will be given access to a data room and further access to management, following which interested parties shall be invited to submit revised proposals to the Company. The Board will then discuss acceptable proposals with relevant parties with a view to agreeing an offer with one party which it is able to recommend to shareholders.¨
orange1
06/3/2012
09:31
imo a huge proportion of investors who used to look for small companies that would grow reliably for years have turned into gamblers who are just looking for the BIG ONE that's going to be global, or the one that's going to discover oil, or the one that has a story that sounds great, even if they don't understand it. Hence the overblown series of shares that are anything to do with mobile, internet, video etc. etc. Anything that could go global, regardless of its actual qualities. Everyone wants to be special, even if its as meaningless as getting lots of dosh by accident, have a f..k-you 4x4 with a personalised numberplate to make them feel like they've accomplished something significant, or thinking that they've stumbled upon something that nobody else has. In the words of a commentator years ago: "The crowd are booing the referee; they must have seen something nobody else did"
yump
06/3/2012
08:37
Phil0124, hence the opertunistic take out offer from one of the directors. Can't blame him though when the market can not see past the end of its nose. Prob because although it is a solid buisness it is just not a name that is on everyones lips.
dpmcq
06/3/2012
08:12
Good outlook; 215p before the end of the month would be good. How crazy was 120p share price!
philo124
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