Kbc Adv.Tech. Share Discussion Threads

[glaws2] 22/6/2015 07:01

Protean - thanks for the link to the Director Holdings website. Best site I have seen for presenting director holdings and deals.

[asusasus] 18/6/2015 13:13

All adding up to be one hell of a story here. Director buys, cheap as chips. Yes please.

[protean] 18/6/2015 12:55

Another purchase by Oliver Scott. Certainly a very keen buyer:

[asusasus] 18/6/2015 12:44

MC of 90 million, strip out the 15 million in cash and this company is rated at 7.5 times the profit for this year. No brainer, buy.

[brummy_git] 17/6/2015 08:37

New research out from Equity development today.

hxxp://www.equitydevelopment.co.uk/doc/1363.pdf

[asusasus] 15/6/2015 16:36

Bought a load more on this drop. I can see some big buys gone through. No doubt Kestrel are hoovering up on the cheap.

[bakunin] 02/6/2015 12:52

Averaging up on a rising asset price is a form of betting big.
Must be confident, especially as they're doing this for discretionary clients as well.

[gargoyle2] 01/6/2015 11:54

Kestrel still insatiable here. This is going to be testing last year's high pretty soon imo.

[bakunin] 26/5/2015 14:39

volume way above average today.
last of the PIs getting out, remembering last year's drop?

[asusasus] 26/5/2015 12:19

Guys you sold too early.

[bakunin] 26/5/2015 09:32

Looks like they might have taken 50,000 off someone for 122.
So, they must be confident about direction.

[p1nkfish] 22/5/2015 14:14

I sold too. Was inttending to hold for the long term but when I looked at the gain and the reason for buying I decided the cash on hand was of more use at the moment.

Good Luck to whomever bought them.

Had to sell in 2 chunks to get them off.

[anumidium] 21/5/2015 19:02

Well - I sold mine this morning. Thanks to ST for pushing the price up again. Best of luck to those remaining maybe it will get to 1.65 but far form a sure thing imo.

[jumbo66] 20/5/2015 14:25

Hd re jumbo

[bakunin] 20/5/2015 11:17

The volume is definitely there.
Obviously, nobody left who wants to sell now that all the fickle PIs following NT and ST have panicked and rushed for the exit door last year.

[andy2205] 20/5/2015 08:17

There she blows! £1.65 here we come!

[wh1spa] 19/5/2015 14:00

ST's comment:KBC break-out imminentI have been following with interest developments at Aim-traded KBC Advanced Technologies (KBC:109.5p), a consultancy and software provider to the global hydrocarbon processing industry.I last updated the investment case at the time of the company's fiscal 2014 results in March when the price was 87p ('Blow-out results', 18 March 2015), having initiated coverage at 69p ('Fuelled for growth', 5 May 2013). Since my last article KBC's share price has moved up 23 per cent to 109.5p and is now on the cusp of taking out last autumn's highs at 110p. This price action should be noted because a close above 110p would signal a major share price break-out and one which, in my view, paves the way for a return to the 142p highs dating back to June last year. Moreover, with a decent operational tailwind, I expect my fair value target price of 165p to be challenged in due course.It's easy to see the company is gathering investor interest. Firstly, at the end of last month, KBC Advanced Technologies entered into an agreement with Kongsberg Oil & Gas Technologies to develop stronger simulation software integration and more effective engineering and operations workflows for the oil and gas industry. At the same time the parties have signed a reseller agreement to enable them to cross-sell their leading software technology products together as a complete suite for simulation, optimisation and operator training across the breadth of hydrocarbon production and facilities. This can do no harm at all to earnings expectations for the year ahead.Secondly, KBC has recently appointed a new finance director, Eric Dodds, formerly finance chief at software company Morse prior to its takeover five years ago. His appointment is a good addition as he brings in a wealth of experience in financial management of both consulting and technology companies.Thirdly, there is an active buyer in the market, Kestrel Partners, the investment manager to Kestrel Opportunities, a Guernsey-based cell acting on behalf of wealthy private clients. In fact, in the past couple of months Kestrel has purchased more than 750,000 shares in KBC to lift its stake to 12.25m shares, or 14.89 per cent of the issued share capital. Oliver Scott, non-executive director of KBC, is a partner of, and holds a beneficial interest in, Kestrel Partners and is also a shareholder in Kestrel Opportunities. In other words, there has been indirect share buying by an insider.Fourthly, the valuation is still attractive. That's because analysts at brokerage Cenkos Securities and research firm Equity Development predict that KBC should be able to increase underlying pre-tax profits by 10 per cent to £10.5m this year. This means that once you strip out KBC's latest net cash figure of £15m, worth around 18p a share, from the company's market capitalisation of £90m, then the shares are being rated on less than 10 times post tax earnings, a near 40 per cent discount to the small cap software average for sub-£100m market cap companies.In the circumstances, I feel that KBC's shares are still worth buying on a bid-offer spread of 107p to 109.5p. My year-end target is 165p. Buy.

[bakunin] 19/5/2015 13:49

the first one is obviously BQE and the undervaluation is glaring.
The second is obviously KBC.
The third has revenue increases that seem a bit too good to be true if I remember rightly.
Is he a Technical Analyst or a fundamentals guy?
The break-out is obvious. If based on fundamentals, assuming he knows more than us and has interviewed the management, then there should be plenty more to come.

[gargoyle2] 19/5/2015 12:13

I assume ST is tipping KBC again today.. here's the email summary from the IC. I don't have the full ST article:

In Simon Thompson’s column today, he picks out value in three small situations: a microbiological control technologies specialist which is a live bid candidate; a consultancy and software provider to the global hydrocarbon processing industry, and one whose share price is on the verge of a major break-out; and a cash generative manufacturer of laser-guided concrete levelling equipment that has just released yet another positive trading update.

[bakunin] 18/5/2015 08:42

Well, it would be very nice if Michael is right.
But, his valuation does seem based on historical metrics, extrapolations and the very L-T chart landscape.
In short, an accountant's view.
Nothing about the strategic approach, possible achievable margins in software and how these can bring about a £4 per share value.
If the company is really potentially worth £4 per share, then it will get taken out for much less than that in the short term.
To be worth £4 per share, they would have to make serious inroads with their field-to-refinery strategy, but they aren't likely to do this in the S-T/M-T without the help of the likes of Kongsberg.
Hence, a takeover of say 20-30% above 115 would be more likely IF the company is potentially worth £4 and allow a company that perpetually seems to operate under the radar to find a new owner that would make arrangements for management and the largest shareholder and avoid any kind of opposition from the rank-and-file investors.

[bakunin] 14/5/2015 12:28

Nice volume again today.
The gentle rise might well accelerate?
Can only see the AGM coming up in 3 weeks' time.
Did Kestrel average up because they are aware that something is being negotiated?
They clearly accumulated when everybody sold out in the 80s.
The averaging-up at 100+ might well have a clear motivation after all.

[gargoyle2] 14/5/2015 11:33

It's the last leg of the 'W', Bakunin -- I don't care what the in-crowd says :)