Kape Technologies Share Discussion Threads

[shaker44] 29/10/2020 00:42

If it gets low enough Sagi can take it private very cheaply then refloat in a couple of years or so. Great for him but pi's shafted. Same model as Talktalk and Dunstone.

[t0pgrader] 28/10/2020 22:37

> fozzie. You didnt need "to be in the know" to understand that the share price was going to drift away. The omens were in the last shareholder presentation when management talked of forward GP margin that was way ahead of market expectations and yet the share price dropped back. Clear sell sign to me (which is when I sold).

[igoe104] 28/10/2020 22:03

Limay, filtered for being a plonker.

[adamb1978] 28/10/2020 21:39

Seems like a sensible placing to me, assuming the price is right. They needed to pay the deferred consideration to the PIA founders so rather than give them shares and them sell them, just place the shares with IIs and then pay the PIA people cash

[fozzie] 28/10/2020 19:29

I started voicing concern here about 6 months ago when the share price couldn’t hold onto its undoubtedly merited gains. The falls from 216 to 175 and then 236 to 150 show this very well. I still have all my shares but this was a long time in the making and the reason that those in the know unloaded into strength. C’est la vie.

[suetballs] 28/10/2020 19:04

Let's see what the morrow brings.
Hope I wrong on the likelihood of attracting new ii's.
Suet

[volvo] 28/10/2020 18:56

From Lse

Joe
The placing is constructed to get PIA founders out at a share price of c 145p including deferred consideration.
Dilution is softened by c11m shares going into Treasury and almost all being cancelled.
Sagi is effectively underwriting placing by committing to subscribe for c72% of the placing.
Kim is staying on as executive in PIA and Kape now have total control of PIA plus $28m plus untapped banking lines for acquisitions not to mention $50 in tax savings over 15 years .
Smart move
More corporate action imminent in this high growth space as home working is here to stay with Covid.
Expect Placing to be oversubscribed and major growth in years to come

Management are top class so hold and be patient imho.

[suetballs] 28/10/2020 18:41

Shaker44 - to my cost looks like you called this correctly.
Can't see much "outside" cash jumping in!!!
Suet

[adamb1978] 28/10/2020 18:36

Thanks Suet, assumed not

[suetballs] 28/10/2020 18:34

Not looking good here - I'm not applying for any more shares.
Adam you can't use ISA cash.
Suet

[volvo] 28/10/2020 18:21

Thanks Boozey, not over big in here, and could sense a fund raise, just interested what they can get it away at, company from the outside looks super sound.

[adamb1978] 28/10/2020 18:15

Presumably you can't subscribe for PrimaryBid shares using cash in an ISA?

[volvo] 28/10/2020 18:04

It was clear that the company in current position ie $35-38m ebitda, was trading too cheaply.....so the management have been shopping around to get some cash in....they have asked investors at what level they would be prepared to throw cash at this......guess tomorrow we'll find out

[ali47fish] 28/10/2020 17:59

you can only invest in nominee account- sometimes if one waits and the share price goes below the placing price,you can buy in isa-no idea wheter this placing is good for kape!

[volvo] 28/10/2020 17:56

Anyone any idea whats being offered....imagine about 140p?

[volvo] 28/10/2020 17:55

Its just the price

[volvo] 28/10/2020 17:54

VOLVO26 Oct '20 - 11:25 - 2093 of 2110 Edit
0 0 0
Starting to smell like a funding for a new acquisition.

[martinthebrave] 28/10/2020 17:42

Offer currently open to all. primarybid.com

[shaker44] 28/10/2020 17:37

Still trust the management, guys? Interested to see how ST covers this.

[igoe104] 28/10/2020 17:35

At least it will prevent a load of protenial overhang. Unfortunately some folks were in the know, judging by the recent share price action.

[nico115] 28/10/2020 17:18

Anyone going for this ?

[rjhar] 28/10/2020 17:17

@waterloo1 I agree. They are raising $72 mill for a $50 mill tax saving over 15 years. Doesn't seem a great deal and surely that money would be better spent towards an acquisition

[waterloo01] 28/10/2020 17:11

Selling this by the tax saving is a bit of a flag. Biggest holders want an exit and the II's will want their pound of flesh and no doubt a quick flip for most.