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
  +0.00p +0.00% 211.00p 208.00p 214.00p 211.00p 211.00p 211.00p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 83.3 0.0 -1.1 - 67

K3 Business Technology Share Discussion Threads

Showing 1101 to 1112 of 1275 messages
Chat Pages: 51  50  49  48  47  46  45  44  43  42  41  40  Older
DateSubjectAuthorDiscuss
05/12/2012
10:09
Agreed 're downside risk. Current pe of 5 hopefully limits that downside, but I have reduced holding as seems totally unloved. If economy picks up , ought to be upside at some point! Hindsight is a marvelous thing and it tells me I should have sold at above 180.....
stegrego
05/12/2012
09:43
Today's statement certainly indicates a risk to the downside. http://www.investegate.co.uk/k3-bus-tech-grp-plc-(kbt)/rns/agm-statement/201212050700067426S/ "...The short term trading environment remains tough with customers continuing to defer spending decisions. Against this, our pipeline is strong, with a number of key deals whose successful closure will help to realise market expectations for the year." In other words, failure to close these "key" deals will result in the company coming up short for the year. I'm in the lookout for an opportunity to buy back in here at some point. This isn't it. Regards, GHF
glasshalfull
24/9/2012
21:05
Thanks a lot.
philo124
24/9/2012
21:02
If so, click here: http://www.edisoninvestmentresearch.co.uk/research/company/K3-Business-Technology-Group
orange1
24/9/2012
20:23
Anybody interested in Edison's forecast eps for 06/13, 06/14?
philo124
21/9/2012
11:33
I'll come back in a year and explain, if anything odd comes to pass. Just started to become very wary of stuff going on in companies that is in any way unusual, in this case the time taken to stop the sale tendering process. The combination of reduced debt and a lower rating (profit growth reducing) as a result of investment could have been announced ages ago, if it were present in a 'normal' strategic plan (usually 3 or 5 years). I'm wondering why it has coincided with what have obviously been detailed discussions between interested parties and the company. I would have thought that if growth is going to slow, then the best interests of shareholders would be to have sold now and let the acquirer deal with the debt and increased investment spend.
yump
21/9/2012
10:25
Sorry, don't really understand your comment.
stemis
20/9/2012
15:57
Of course, in a year's time with a lot of investment and some acquisitions, the profit growth might not be so good, which would of course result in a lower rating and potentially a lower takeover price, which might suit some of the companies who were interested. "You may very well think what you are thinking, but I couldn't possibly comment".
yump
20/9/2012
12:40
just hope the bidders who ran away didnt see a black hole. Nasty. Had a lucky escape. Could have been nasty
druinsky
18/9/2012
16:53
Ole Winniefroth generally talks carp, but he is bound to get it right some times.... 'The bid talks were first announced on December 1st 2011 and must have been a distraction. I am glad they have finally gone away. AIM stocks and tech stocks may be unloved (unless they are puffed up New Media rubbish) right now but that will not last forever. So now CEO Andy Makeham who I have just chatted to can get back to business. He seems rather relieved by that prospect. In the year just ended revenues came in at £67.96 million, up from £52.8 million although acquisitions accounted for £11.82 million of the increase. Normalised profits before tax came in at £10.02 million, up from £8.68 million while normalised earnings per share came in at 30.2p up from 27.5p. That allowed the payment of a 1p final dividend up from 0.75p. Net debt is the issue that worries some. It was £15.68 million at the year end (up from £15.49 million) but from peak levels £3.64 million was repaid. The company has banking facilities in place until December 31st 2013 and interest cover is very comfortable but that debt (55p a share) clearly worries some folks. Chatting to finance director David Bolton this lunchtime he reckons that without acquisitions ( and there is unlikely to be much on this front this year and next), K3 could use free operational cashflows of £5-6 million (and growing) to eliminate more than 80% of those borrowings by June 2014. One commentator worried earlier today that in mentioning "a year of investment" in the statement about current trading K3 was issuing a veiled profits warning. I would not necessarily agree with this analysis. The company has good revenue visibility with more than 40% of sales now recurring revenues under contract with another 39% coming from repeat sales to existing customers (of which there are, at 3,000, a broad spread). The company will indeed be investing in developing its Microsoft AX and Managed services offerings and this will hold back profits growth a tad this year with the benefits seen next time. I would forecast that sales will increase to £75 million this year and to £82 million in 2014 (10% increases) but that profits and earnings would increase by only 5% this time (for the reasons mentioned above) but by 12% in 2014. That gives earnings numbers of 31.7p for June 2013 and 35.5p next year. I tipped this stock at 145p 5 years ago so I cannot say that it has exactly flown. But what is K3 worth now? For a company that seems to deliver a steady increase in earnings of 5-12% year in year out and which generates cash a current year PE of 4.7 ( and PEG of sub 1) falling to 4.2 is very harsh.  I suppose the debt deters. In which case if one looks two years out and assumes no re-rating but that 44p of debt has been cleared and added to the valuation one arrives at a target price of 212p ( upside of 43% plus dividends). I think that is a tad harsh as I cannot believe that a company that is virtually debt free and growing earnings at 12% would still be on a sub 5 PE. A re-rating is likely.  But for now that is enough to justify a stance of strong buy.'
stegrego
18/9/2012
16:14
I have to say the year of consolidation sounds a bit cautious to me.
felix99
18/9/2012
15:50
Looking at todays volume shares have been dumped.
dpmcq
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