K3 Business Technology Share Chat (KBT)

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 1201 to 1223 of 1275 messages

Chat Pages: 51 50 49 48 47 46 45 44 43 42 41 40 Older

Date	Subject	Author	Discuss
25/4/2016 10:22	Finncap; K3 has agreed to acquire DdD, a Danish retail software business specialising in cloud-based, software vendor-independent, convenient out-of-the-box solutions. The £8.1m acquisition is funded by a £13.5m placing at 330p, allowing headroom for working capital demands and further acquisition opportunities. The acquisition represented an alternative to K3's own development of an equivalent vendor-agnostic, cloud-based solution with an estimated development cost of €2.5m, while also bringing current EBITDA performance of €1.1m from revenue of €6.2m in the year to December 2015. Target price lifted to 465p.	davebowler	Read Full Thread Reply
20/1/2016 07:51	Positive trading statement out this morning.	dpmcq	Read Full Thread Reply
24/11/2015 15:54	400p soon at this rate.	tromso1	Read Full Thread Reply
10/11/2015 00:41	Not sure whether to take some money off the table here - chart starting to look a bit parabolic now!	gargleblaster	Read Full Thread Reply
09/11/2015 10:48	KBT - continuing to move higher....now 370p at the ask, as I type, with a one month RSI of 93.4 f	fillipe	Read Full Thread Reply
05/11/2015 15:12	hTTp://www.shareprophets.com/views/16324/k3-business-technology-share-tip-of-the-year-update-where-now	davebowler	Read Full Thread Reply
03/11/2015 11:54	Tech Market View - 3/11/15: K3 wins again in SAP's home market K3 Business Technology Group has topped up on fuel for its journey towards greater IP on Microsoft Dynamics ERP solutions (see Journey continues at K3) through a big customer win for its ax\|is fashion solution with German online fashion retailer K-Mail Order (KLiNGEL). The size of the deal was not disclosed but K3 describes this as a major contract win and one that “will help to underpin the results for the current financial year” and deliver ongoing licence and support revenue. It is also notable because it is K3’s second significant ax\|is fashion solution retail contract in Germany (where home-grown SAP also has a fashion offering), and was won through the channel which K3 is assiduously tending. As CEO David Bolton and Group Operations Director Andrew Hodges highlighted during a recent meeting with us, the channel is important because partners can provide the resources mid market K3 would struggle to provide in a growth market. The channel represented 5% of K3’s business at the end of the most recent financial year so there is certainly a lot of headroom for growth – and something of an appetite for the retail solution that K3 has invested heavily in.	simon gordon	Read Full Thread Reply
23/10/2015 20:20	Tech Market View - 23/10/15: Journey continues at K3 We caught up again with David Bolton and Andrew Hodges, respectively CEO and Group Operations Director at AIM-listed, mid-market value-added reseller, K3 Business Technology Group. Since Bolton took over as CEO early last year, he’s set out on a journey to sharpen K3’s focus on the proprietary IP they add to Microsoft’s ERP platforms, especially Dynamics AX (see Recognising the value in K3). The journey is more a marathon than a sprint – and rightly so. While, broadly speaking, half of K3’s revenues derive from its IP-enhanced solutions for the Retail industry, the rest of K3's business is firmly underpinned by its reseller/distribution activities in Manufacturing & Distribution, and its hosting services. Babies, bathwater etc, etc. K3 is fast approaching triple-digit revenues. This is typically the point not far beyond which multiple-line-of-business mid-market ‘buy-and-build’ players have to decide where to place their longer-term bets. Bolton knows the answer is in their own IP. Getting there is his challenge.	simon gordon	Read Full Thread Reply
20/10/2015 14:13	Not many shares in free float so as there has been a bit of buying as of late it does tend to jump on low volume.	dpmcq	Read Full Thread Reply
20/10/2015 10:18	On move. Wonder why?	markie7	Read Full Thread Reply
23/9/2015 19:48	Part of this IC article is devoted to K3 (subscription required): hTtp://www.investorschronicle.co.uk/2015/09/23/comment/simon-thompson/small-cap-value-plays-wySOEdagfqqDiBb2We1FnI/article.html It concludes "the shares could run up to analysts' upgraded target prices. Edison Investment Research has fair value of 355p (up from 289p previously), and FinnCap raised its target price from 330p to 380p."	caradog	Read Full Thread Reply
17/9/2015 19:01	Nope, not a mention in IC. Maybe next week.	caradog	Read Full Thread Reply
16/9/2015 17:26	According to this, Finncap have raised target to 380: hTtp://www.directorstalkinterviews.com/k3-business-technology-group-plc-36-4-potential-upside-indicated-by-finncap/412678319 and Edison have increased their target to 355: htTp://www.edisoninvestmentresearch.com/?ACT=18&ID=14944	caradog	Read Full Thread Reply
15/9/2015 14:17	I see these as a good set of results from a solid company. Oddly enough, although K3 have been recommended as a buy by Simon Thompson of the IC a year ago with a recommendation in July to run profits up to a possible 330, there is no mention of the results in today's daily market overview article. Last year we had an article specifically on K3 within a couple of days and I think we shall see a repeat this year with every prospect of a repeated buy rec and possibly raised target in time for the paper edition on Friday. We shall see.	caradog	Read Full Thread Reply
15/9/2015 09:38	Tech Market View - 15/9/15: K3 value showing through Earlier this year I posed the question whether management at AIM-listed, mid-market value-added reseller K3 Business Technology Group could rise to the challenge to make the business more than the sum of its very many parts (see Recognising the value in K3). Today’s FY results affirm they are up for the challenge! As previewed last month (see K3 - Full year “in line”), K3 did the necessaries, turning in revenues of £83.4m for the year to 30th June, 16% higher yoy. The acquisitions of Willow Starcom and RTL contributed around £1m so organic growth was a very sparkling 15%. Gross margins eased back from 54.1% to 51.5% but a tighter rein on opex saw operating profit jump 86% to £4.8m lifting margins from 3.6% to 5.8%. Pre-tax profit more than doubled to £3.88m. Super result. And good news on the channel front (currently 5% of revenues) with a major retail win on SAP’s home turf via a global SI. Channel revenues are set to grow very much faster. And there was also good news from IKEA, K3’s largest client (but under 10% of total revenues) which has extended its contract to 2020. K3 is not yet at the ‘mission accomplished’ stage – there’s still much work to do. But CEO David Bolton understands the tasks ahead and takes a realistic view on how these should be accomplished. I will be meeting the top team again next month and will explain more then.	simon gordon	Read Full Thread Reply
02/6/2015 11:56	We are holding one of our popular Investor Masterclasses in Manchester so local investors and shareholders in KBT may be interested in attending as KBT is based nearby our venue... hTTp://www.sharesoc.org/manchester-masterclass.html	sharesoc	Read Full Thread Reply
19/3/2015 11:00	Edison out with a note - 18/3/15: Http://www.edisoninvestmentresearch.com/research/report/k3-business-technology11 We have revised our forecasts to take account of the company’s new reporting format. Our revenues and normalised operating profit forecasts are substantially unchanged. In FY15, we forecast revenue growth of 17.5% for Retail and 6.2% for Manufacturing & Distribution and a normalised operating margin of 7.8% and 14.6% respectively. Due to an increase in our net debt forecasts, we have increased our net interest expense estimates for FY15 and FY16, which results in a cut to normalised EPS of 5.4% in FY15 and 3.4% in FY16.	simon gordon	Read Full Thread Reply
17/3/2015 13:53	Finncap; KBT – CORP – TP: 330.0p – Market Cap: £72.3m Interims to December 2014 show delivery in line with the January trading update, accompanied by improvements in disclosure which serve well to highlight the strengths of the company and illustrate the company’s own product focus. With 11% growth in recurring revenue (48% of group revenue) and 21% group revenue growth, revenue statistics are all strong. 22% of revenue and 27% of gross profit derives from K3’s own IP, which delivers functionally rich sector specific integration, making third-party ERP systems more relevant to sector specific environments. As evidence of success of that IP, K3 is now Microsoft’s global preferred partner for the fashion retail sector. Trading at only 11.5x June 2015 P/E, there remains plenty of upside opportunity – we upgrade our target price to 330p (300p).	davebowler	Read Full Thread Reply
17/3/2015 11:14	Tech Market View - 17/3/15: Skills shortages squeeze K3 First, let’s applaud the top team at AIM-listed mid-market value-added reseller K3 Business Technology Group for disclosure. The new format for their results let’s you see more of what’s going on under the covers so you can get a better handle on how the key parts of the business are performing. It’s not perfect but it’s better. This is particularly important as K3 progresses on its journey to increase the proportion of its own IP in the mix. As presaged in its trading statement earlier this year (see K3 provides further encouragement) there were encouraging signs in H1 (to 31st Dec. ’14). Revenues grew by 21% to £41.7m, with operating profit up by nearly 80% to £2.3m, lifting operating margins by nearly two points to 5.6%. Still room for improvement there, of course. Pre-tax profits more than doubled to £1.8m. The profit boost was the effect of lower restructuring and amortisation costs; gross margins for its two main business lines (Retail, and Manufacturing/Distribution) actually declined due to higher services resource costs. Indeed K3 chairman Lars-Olof Norell alluded to a shortage of Microsoft Dynamics AX skills in the UK, upon which platform K3’s own IP is based. Although K3 presents itself as a ‘business of two halves’ along industry vertical lines, there are a host of sub-businesses under the covers. Besides its own IP there’s also product resale for Sage (K3 is one of the largest Sage resellers in the UK), Syspro and Microsoft Dynamics NAV, plus application hosting and ‘cloud’ delivery, and hardware resale. Many hands are needed on many levers. We’ll be meeting K3 CEO David Bolton and CFO Brian Davis soon, after which more will undoubtedly follow. ===== I sold out this morning because of vagueness due to there being no outlook statement for the full year. Coupled with talk of "resource related challenges" it smells like a downgrade. Will look again at the Prelims. Good fortune.	simon gordon	Read Full Thread Reply
16/3/2015 12:05	Would anyone like to come to a results presentation with the directors tomorrow lunchtime in the City?	davidosh	Read Full Thread Reply
13/2/2015 09:51	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://www.onwindows.com/Article/k3-retail-builds-on-the-success-of-its-retail-solution-173axis-fashion-43683#.VN3IiGdyat8	simon gordon	Read Full Thread Reply
22/1/2015 12:37	No mention of a new chairman in the TU............. now why would that be?	cloudwars	Read Full Thread Reply
20/1/2015 20:05	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	Read Full Thread Reply

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