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
  0.00 0.0% 204.00 198.00 210.00 204.00 204.00 204.00 5,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 48.8 -20.9 -49.3 - 65

K3 Business Technology Share Discussion Threads

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On Windows - 23/1/15: K3 Retail builds on the success of its retail solution ­ax|is fashion Building on the strength of its relationship with Microsoft, K3 Retail is looking to extend its ax|is fashion solution to more retailers worldwide. Tony Bryant details the company’s vision and explains its plans to develop capabilities for other retail segments too Since it launched its fashion solution, ­ax|is fashion, in November 2013, K3 Retail’s business has gone from strength to strength. In July 2014, the multi-channel technology solutions provider won the UK Microsoft Dynamics ISV of the Year award. Shortly after that, it gained —Microsoft global independent solution vendor (GISV) status, making it one of only 25 companies worldwide to do so, and the first Microsoft Dynamics AX GISV partner for the fashion sector to be invited to be part of the exclusive programme. According to Tony Bryant, who has recently been promoted to the role of strategic business development director at K3 Retail, the GISV ­accreditation couldn’t have come at a better time for the company. “This new status shows that Microsoft recognises our expertise and believes in the global potential of our product,” he says. K3’s ax|is fashion solution is already being adopted by a number of high-profile retailers, including Seasalt, Charles Tyrwhitt and Ted Baker. Now, with the GISV status under its belt, K3 is looking to bring the solution to more customers worldwide and serve retailers of all sizes – from enterprise to retail essentials. “We’re in the strongest position we’ve ever been to serve retailers end to end,” says Bryant. “Before, we largely covered the mid-market segment, but now we’re able to scale up to meet the demands of large, international, multi-faceted businesses or scale down to serve customers with a single store.” This extended scope aligns with the company’s new ‘One K3 Retail’ vision, which involves it pulling together all of its products, expertise, services and support across the group to become a global retail expert. “Our vision means we will have greater global penetration, a greater ability to support our customers, and more opportunities to drive efficiencies across our own business too,” says Bryant. K3 also has plans to develop further enriched solutions for other retail market segments. “We spent a lot of time and effort creating a seamless, end-to-end solution that is fit for fashion,” explains Bryant. “But we also realise that this functionality can be transferred to other niche verticals, so we are now exploring what the next global proposition is for the ‘ax|is’ journey, and assessing how our solution can help across the retail landscape with the initial focus on home/lifestyle, DIY and trade segments.” As the company continues to broaden its portfolio and its reach, Bryant is confident in K3’s ability to serve its customers better than ever before. “So far, we’ve succeeded in getting K3 recognised as the ‘go to’ retail partner in Microsoft and the partner community,” he explains. “Now, we’re in a strong position to grow our global presence and engage with even larger businesses. It’s a very exciting time for us.” Http://
simon gordon
No mention of a new chairman in the TU............. now why would that be?
Edison - 20/1/15: K3 Business Technology is a research client of Edison Investment Research Limited Trading in H115 was in line with management expectations, with continued interest in K3’s new Microsoft Dynamics AX solution and improving demand for SYSPRO and Microsoft Dynamics NAV solutions. K3 continues to build its international reseller channel and in H115 saw the first sales of its new AX solution through this. We make no changes to estimates but highlight that if trading continues to be as strong in H2, there is scope for upgrades. Strong first half H115 trading was in line with management expectations. Revenues grew c 20% y-o-y, implying H115 revenues of c £41m, more than half our full-year revenue forecast of £79.7m. The company continues to make progress with direct sales of its new Microsoft Dynamics AX solution, and has made the first sales of this solution via its international reseller channel in Europe, Australasia and North America. K3 is also seeing improving sales of SYSPRO and Microsoft Dynamics NAV products, although demand from the Dutch retail market remains weak. The company did not quantify net debt at the end of H115, noting that, as expected, it benefited from SYSPRO licence renewals. Higher working capital to support strong period end sales should reverse in H2, depending on the timing of H2 sales. Developing product and reseller channel The company continues to focus on investing in AX product development, developing its SYSPRO business and expanding its international reseller channel (K3 was recently accredited as one of only 25 Microsoft global independent software vendors). The company expects to report H115 results in mid-March when it will change its divisional reporting to reflect the industry sectors in which it operates (retail, manufacturing and distribution) and global IP. We make no changes to estimates now but note that there is upgrade potential if trading continues to be as strong in H215. Valuation: Trading at a discount The stock is trading on a P/E of 10.3x FY15e, 8.3x FY16e and an EV/sales multiple of 1.0x FY15e. This is still at a material discount to its peers (sub-£500m market cap UK software current year P/E 21.3x, EV/sales 2.5x). With evidence of sustained demand for the new ax|is solution and continued debt reduction, we see scope for the share price to reduce the discount to peers. The wider global opportunity for ax|is could provide further upside potential in the longer term.
simon gordon
How right you were
Hi APAD, I'm not currently in KBC. I was disorientated with Caroline Brown's departure, PS5 is a snail, then the oil price collapsed. The contract extension in Ecuador should get them closer to meeting the 2015 forecast. Defo keeping an eye on it.
simon gordon
Aye, I missed out on JDG (always knew it was flawed :-), currently missing out on Accumuli's potential for similar reasons. CARD looks attractive and KBT is still a candidate because of the catalyst and the breadth of the customer base. BTW did you get back into KBC? ("Don't remind me of….":-) apad
APAD, Don't remind me of RNWH :-( I didn't like the balance sheet in the 80s so passed, since then it three bagged. RNWH had a good chart and weak looking balance sheet. KBT has a good chart with a potential catalyst - AX/IS - that could turbo boost the story and share price. So I'm not getting too focused on the financials as they currently stand.
simon gordon
I was going to buy but then I read p scotts analysis :0| hxxp://
Yup, that makes sense. They look to be in a good spot regards the market, and have loads of customers. I always freak out when current assets don't exceed current liabilities so tend to miss trading strategies, although I will take small fliers on technology that I understand. Not as scary as RNWH though. Have a good 2015. apad
APAD, I'm trading this primarily on the chart. If growth accelerates the balance sheet should get stronger, especially if they have pricing power. It doesn't look dire, always better to see net cash, it's easy to pick stop loss points on the chart, so I'm using them as my get out. Trading statement c.20th January.
simon gordon
SG Do you have any balance sheet concerns about this company? apad
Morningstar Video - 4/12/14: Holly Cook: Hello and welcome to the Morningstar series, 'Three Stock Tips.' I'm Holly Cook and joining me today is Gervais Williams, Manager of the Miton UK Smaller Companies Fund. Gervais, thanks for joining me. So, we're talking here about three stock tips. Why don't we just jump in there? Give me your first interesting stock tip. Gervais Williams: Yeah. So, the one which we've been excited by recently is a company called K3 Business Systems (KBT). It's a software business. It's involved in delivering software which is particularly to do with logistics, and also various manufacturing and other areas, but the area which is exciting at the moment is retail, logistics for the retailers. It's an area where there is a real shortage of products in this area. This company has actually just recently introduced some new software on the Microsoft AX Dynamics platform and they can't keep up with demand. There is that much demand for their product. Great news for them. It means they can get good price. They can roll out increased sales. It's a recovery stock, so it's come up from £1 already to about £2.20 which where it is now. It's only a £62 million company and we think the share price could still go considerably further from here. Cook: So, too much demand is a nice problem to have, but what would be the sort of associated risks that you would warn investors about in this case? Williams: Well, one of the problems is, of course, it can struggle to get staff and that is a feature for them, to recruit staff with AX skills and they've had some of their staff poached by other people. That's a negative. The company itself has about £10 million of debt. Clearly, it's not risk-free from that point of view. But overall, I mean, it's an unusual position when you're absolutely flat out. So, hopefully, most of those risks are more than compensated by the revenue you get from your customers. Http://
simon gordon
Dammit, I wish they wouldn't tip shares on my watch list! apad
Many thanks
tt - have you got a link related to that
No1 tip of the year 2015 by Steve Moore.
toby tots
Gervais Williams likes KBT ! The second stock nominated by Williams is computer software business K3 Business Systems. This company recorded a profit of £1.88m on turnover of £71.95m for the year to 30 June 2014. The company trades on a price-to-earnings ratio of 11.3, which is considerably below the average for the FTSE 100, FTSE 250 and AIM markets. Williams remarked, "This is a company that makes software for logistics and transport companies. It cannot keep up with demand for its current range of products, and Microsoft has recently asked that its own sales team be allowed to sell the product in the US." This company has a market capitalisation of £70m.
Tipped by Simon Thompson in Investors Chronicle online today 'Offering 25 per cent upside to my six-month target price of 275p, I rate K3's shares a strong buy...'
Any holders/lurkers may be interested in the article on Page 5 of the excellent "AIM prospector" concerning KBT which sums up the investment case very succinctly. Http:// Regards, GHF
KBT being bought today. f
Tipped as a favourite for 2014 by Giles Hargreave (2nd video): hTTp://
^ . . . Spammer
buy tip
digital look are using adjusted PBT (pre amortisation etc.). H1 adjusted PBT was 3.16mm so FY of 6.66mm seems reasonable given the big increase in the order intake.
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