Kape Technologies Share Discussion Threads

[abarclay] 02/12/2019 08:13

P/E/R of 12. Bloody stupid cheap imho

[abarclay] 02/12/2019 08:09

She's off. Hope to see 160p today

[abarclay] 02/12/2019 08:01

Nice buying early doors

[abarclay] 01/12/2019 19:26

Black Friday bargain , P/E/R is only 11

Way too cheap


Simon Thompson in the Investors Chronicle says "analysts at brokerage N+1 Singer estimate the intrinsic value of the shares is
between 176p and 228p, the mid-point of which seems a sensible fair value to me based on a 2020 target PE ratio of 16.5."
In other words, 202p

]A business growing 90% next year and then 30% could be on a PE of 20 to 30 so the price could be a range of 300p-400p

[abarclay] 01/12/2019 10:01

The virtual private network market is expected to register a CAGR of 15% over the forecast period 2019-24

North America Expected to Hold Significant Market Share

- North America region is expected to hold a significant market share for this market. United States is fed by the increasing rate of cybercrime, presence of strong demand due to its service and I.T. led industry pattern and demand for high-end services and privacy.

[abarclay] 01/12/2019 09:59

The virtual private network market is expected to register a CAGR of 15% over the forecast period 2019-24

North America Expected to Hold Significant Market Share

- North America region is expected to hold a significant market share for this market. United States is fed by the increasing rate of cybercrime, presence of strong demand due to its service and I.T. led industry pattern and demand for high-end services and privacy.

[zingerburger] 01/12/2019 07:25

-- Brand awareness: uniquely positions Kape as a truly global leader within the fast-growing digital privacy sector and a strong presence in North America; Kape will adopt the Private Internet name following the Acquisition;


The acquisition is expected to double Kape’s paying subscribers and increase 2020 earnings by 90%

[...] link on poreactive

[kazoom] 30/11/2019 22:37

Too good to be true ?? ....

[zingerburger] 30/11/2019 20:47

im not expert might already now meet all needs


but if they dual list on NASDAQ we could be talking north of 500p to 700p imho

[chezhans] 30/11/2019 14:45

Hopefully but aren't N+1Singet joint brokers so have to take maybe with a grain of salt. What must it do to reach the FTSE small caps index ?

[cheshire man] 30/11/2019 13:54

Run your winners I say :-)

[zingerburger] 30/11/2019 13:50

N+1Singer Broker Valuation



This is what they say




Given the various differing segments within the Kape business at present, we believe a sum-of-the-parts approach to
valuation is appropriate in determining the intrinsic value per share. Data Privacy and Malware sales are both
undertaken on a SaaS – based model, commanding a higher multiple than Performance sales as a result of higher
revenue visibility and higher growth. We attach a multiple to Data Privacy revenues of 3.0x FY’20E EV/Sales, Malware
revenues of 2.5x, and Performance a 1.5x multiple. We do however note that Performance revenues are being
transitioned to a SaaS model, with revenue visibility likely to improve over time and further, that other Data Privacy
companies, such as Avast, trade at a significant premium to our target multiple (6x vs. 3x), such that both offer the
opportunity for a re-rating over time.
Our approach generates a new Group enterprise value of $500m inclusive of the acquisition. This SOTP method also
represents the mid point in range our when applying 12-15 EV/EBITDA multiples for FY20 forecasts.



Under this
methodology we estimate an intrinsic value of c.£1.76-2.28/share.

[onjohn] 30/11/2019 13:30

Won’t this go into the Small cap ftse index in a month which will drag it even higher when index trackers start buying?

[onjohn] 30/11/2019 13:26

Expecting it to get to 200p before Christmas
Pe only 11 still

[chezhans] 30/11/2019 12:22

If it gets to 200p within 12 months I'll be more than happy

[abarclay] 30/11/2019 12:06

basically its going to 300p

[chezhans] 30/11/2019 11:41

Oh I get it now.All very clear that.

[chezhans] 29/11/2019 20:40

What's that mean in plain English mrfixit UK?

[mrfixituk] 29/11/2019 20:01

Flat base break out on volume. All moving averages were trending flat. Barchart has good flip chart and template to find them. AFC energy was similar.

[onjohn] 29/11/2019 17:16

Investors chronicle

Mr O’Sullivan has raised his revenue estimate
by 45 per cent from $83.1m to $121m, almost doubled his cash profit estimate to $35.6m, up from $14.3m forecast in
2019, and is pencilling in a 2020 pre-tax profit of $31.4m, or almost 150 per cent higher than his 2019 forecast.
On this basis, Shore Capital upgraded its diluted EPS estimates by 70 per cent to 15.6¢ (12.2p), implying 129 per
cent year-on-year growth. In other words, even after rallying by more than 50 per cent on news of the PIA acquisition,
Kape’s shares are still only rated on a forward PE ratio of 10.

[abarclay] 29/11/2019 16:18

A mention in the Sunday mail for instance right now would see this open up at 180p on Monday

[abarclay] 29/11/2019 16:17

PE of 11. Ridiculous cheap. High visibility growth. The press for the merger will boost VPN sales.

Black Friday also sees VPN sales take off

[abarclay] 29/11/2019 16:04

PE of 11. This is the cheapest and hottest for 2020. imho