K3 Capital Share Discussion Threads

[w13ken] 15/9/2021 13:17

Climbing nicely today. See #770 for my theories on this. I'm still confident that we'll reach 400p+ in the next 2-3 weeks. I've also set up a Twitter account recently so have shared the same theories. Hopefully that will get some attention even though I only have 2 followers at the moment :-D

[purplepelmets] 15/9/2021 11:17

last year was 22nd sept. interesting it seems unanounced this year? but expect around the same date

[robsy2] 15/9/2021 11:13

I didn't realise we'd all replied....

[robsy2] 15/9/2021 11:12

not confirmed but estimated as a week today, 22.09.21. Should be a good day.

[dicktrade] 15/9/2021 11:08

I have 22/9 in my diary but that is probably last years FY announcement date.

[ichitrader] 15/9/2021 11:07

Estimated at 22/9 as per last year but I don't think it's been officially confirmed...

[iandippie] 15/9/2021 10:49

Anyone know what date results are out? Can't find it anywhere.

[robsy2] 07/9/2021 14:11

Nice summary, thanks for sharing. Happy to hold here.

[w13ken] 07/9/2021 13:47

Here are my thoughts on why I believe K3C is very likely to jump 10% and be north of 400p within the next few weeks. It also has a good chance of hitting 500p by the end of 2021.

* The clues were there in the 15th June Trading update ("exceptionally strong performance, having successfully grown revenues and profits across all divisions", "significantly ahead of initial market expectations; beating multiple upgrades made to market expectations across the year" etc ) and the share price has gone sideways since then. Official confirmation in the FY results w/c 20th Sept and should wake up those that weren't convinced with reratings to follow.

* K3C often underpromise and overdeliver, hence the multiple forecast upgrades last year.
* Continued measured international expansion: Just released today - Quantuma expands into Middle East with Dubai office launch
* Quantuma grows headcount by 45% in 12 months: Quantuma has significantly diversified its offering in recent years to include aspects such as pensions and corporate finance advisory, the firm is still best known for its work helping clients under financial stress.
* Great financials: Investors' Chronicle highlight that K3C has excellent fundamentals and passes all 8 of their financial tests.

* Fair value of 819p on Simply Wall Street based on Discounted Cash Flow.
* K3C doing brilliantly in UK regions in the first half of this year: Midlands Financial Adviser: #1 (33 deals), North West FA: #1 (30 deals), South East FA: #2, South West FA: #4, Wales FA: =#2 (5 deals), Yorkshire & Humber FA: #1 (17 deals)

DYOR and good luck...

[robsy2] 26/8/2021 09:07

Nice find and thanks for sharing. It bodes well.For me,one of the attractions of k3C as an investment is that they provide services across the econonomic and life cycles of businesses.

[w13ken] 26/8/2021 08:31

I'm very confident that K3C will hit 400p in the next month with FY figures being released in late Sept. Nothing but good news from them and their subsiduary Quantuma (although it's usually referred to as a merger).

"Due to heightened demand, corporate turnaround consultancy Quantuma has grown its team by 45% over the last year. The news coincides with its appointment of Brian Burke as a Managing Director.

While Quantuma has significantly diversified its offering in recent years to include aspects such as pensions and corporate finance advisory, the firm is still best known for its work helping clients under financial stress. Amid the unique crisis presented by the last 18 months of pandemic chaos, this meant the firm was positioned to pick up a heightened workload, during and after the lockdown.

In order to cope with rising demand, the firm committed to a hiring campaign that has seen it boost its headcount by 45%. Welcoming in a net gain of 85 new staff, the firm took its team from 188 to 273 professionals – also using acquisitions to more rapidly grow its team. Since its merger with K3 Capital Group, Quantuma has completed several lucrative deals in the last 12 months. In the first quarter of 2021..."

[adipsia1] 04/8/2021 23:08

No problem. The next 12 months should prove interesting. My guess is that FRP will continue to carve out and consolidate their position at the higher-end of the restructuring market and develop higher-end M&A Corporate Finance income. It will be interesting to see the impact of KPMG splitting-off their transactional business to Interpath Advisory... (KPMG by any other name.)I can see K3C - as the youngsters on the block - doing well. As I previously mentioned, Quantuma are likely to be the most powerful force in driving the company forward as government funding comes to an end.And as for BEG, it seems to me that they're focussed upon extricating as much value as possible from company burials and ancillary work.

[w13ken] 04/8/2021 22:09

Good knowledge/research adipsia14. Look forward to your future comments on K3C.

[adipsia1] 04/8/2021 19:39

Interesting to compare and contrast the three non-audit accountancy firms in the UK insolvency/turnaround and M&A space; BEG, FRP and K3C. All firms win their work based around individual 'transactional' income rather than relying upon steady audit fees. Whilst all three have crossover in the restructuring space, a closer analysis of their accounts and market data indicate three very different businesses based upon value vs volume, and advisory work vs insolvency.BEG - have the highest volume of insolvencies in the UK in terms of liquidations, however when you look deeper the individual value of their appointments is likely to be the lowest. They seem to be growing sales based upon bolt-on acquisitions around valuing assets and M&A activity with smaller companies.FRP - appear to be operating on a value vs volume model, focussed upon winning more profitable restructuring work from larger SMEs and quoted companies that would previously have gone to Big Four accountancy firms were it not for conflicts of interest. They're also clearly growing their M&A side which is focussed upon themid-market.K3C - have traditionally operated in the low-value business sales arena, and have clearly made a reputation in M&A for selling small businesses. Last year they acquired Quantuma, an Insolvency turnaround specialist who have grown well over the last few years and now probably sit somewhere between FRP and BEG in terms of case value vs volume.There's much that can be gleaned from the accounts of these three companies. Hopefully this will help to differentiate them in terms of business fundamentals.

[mozyali] 03/8/2021 10:50

Seems like breaking out a 2 month downtrend. Keeping an eye on this one this week.

[w13ken] 30/7/2021 10:03

K3C topping league tables. Summary of K3C's position so far in Financial advice and M&A regional news fof the first half of this year. Got to be due an upgrade soon as revenue is soaring.

Midlands Financial Adviser: #1 (33 deals)
North West FA: #1 (30 deals)
South East FA: #2
South West FA: #4
Wales FA: =#2 (5 deals)
Yorkshire & Humber FA: #1 (17 deals)

[w13ken] 30/7/2021 08:20

K3C is the top financial adviser in the North West.
l'm confident that K3 Capital will start to climb again soon once this news and news to come is absorbed. Judging by the last set of figures, it will also rank highly in other UK regions and for M&A.

"K3 Capital claims the top spot on the financial adviser table with 30 transactions in the North West region."

[adipsia1] 29/7/2021 14:29

It will be very interesting to see the impact of K3C's investment in Quantuma moving forwards. Looking increasingly like a wise move.

[johnrxx99] 28/7/2021 07:42

Yes, I see him down the fishy quite a lot :-)

[jodiemarshmellow] 27/7/2021 11:07

I wouldn't be surprised if this was taken out. The naked trader has friends in high places. Enough said.

[gswredland] 23/7/2021 13:08

Yes he does. He has built quite a stake here
Could be taken out?

[insideryou] 23/7/2021 12:35

Robbie Burns is a huge fan and as anyone that knows him will testify, he has an uncanny record of calling it right.

[its the oxman] 16/7/2021 15:06

Bit crazy , but couldnt refuse.

[its the oxman] 16/7/2021 14:12

Yes market giving us a nice opportunity to add sub 330p

[tomps2] 16/7/2021 11:50

John Rosier mentions K3 Capital (K3C) in the latest PIWORLD interview at 11m5s

Watch the video here:

Or listen to the podcast here: