Kcom Share Discussion Threads

[skinny] 29/7/2014 07:12

KCOM Group announces the following trading update for the period 1 April to 29 July 2014, ahead of its Annual General Meeting at 11am.

Since the preliminary results announcement on 6 June, the outlook for the Group remains unchanged. We have continued to focus on exploiting the opportunities that exist in our key markets. We continue also to invest in expanding the reach of, and building consumer demand for, our fibre-based broadband services in Hull and East Yorkshire, alongside the delivery of value added services to the enterprise market.

Subject to shareholder approval at today's AGM, the Group will pay a final dividend for the year ending 31 March 2014 of 3.254p (2013: 2.97p) to shareholders on the register on 27 June 2014. This brings the total dividend for the year to 4.88p per share, an increase of 10 per cent year on year. Payment of the final dividend will be made on 1 August 2014. The Board reconfirms its commitment to delivering a ten per cent increase per annum in full year dividend over two financial years, ending 31 March 2016.

[solarno lopez] 25/7/2014 11:54

On Holiday !!

[orchestralis] 25/7/2014 11:54

Where is everybody?

[realcooltrader] 06/6/2014 11:59

Thanks Skinny.

Quite a lot of positive press out there, including this from TMF:

[skinny] 06/6/2014 07:54

Finncap Corporate 90.85 90.85 120.00 130.00 Reiterates

Espirito Santo Execution Noble Buy 92.53 100.00 110.00 Upgrades

[skinny] 06/6/2014 07:01

Highlights

· Year end results in line with expectations
· Strong second half cash performance with closing net debt of £75.0 million
· Net debt to EBITDA ratio reduced to 1.0 x (2013: 1.2 x)
· Increased final dividend of 3.25p, in line with commitment to increase dividend by 10 per cent per annum until March 2016
· Refinancing agreed, providing capacity to consider investment in selective organic and inorganic opportunities to strengthen position in target markets

[realcooltrader] 05/6/2014 12:28

I'm interested in the update promised in the January Interim Management Statement:

"Contract update

At the time of the interim results, we announced that Kcom had secured preferred supplier status for a substantial contract with a government department. The Group can confirm it has now signed this contract for the provision of hosted contact centres, supported by related IT and telephony services, enabled by our cloud-based portfolio, "Workplaces". This project is now in the detailed planning phase and a further update will follow at the preliminary results."

[dimpkins] 23/5/2014 17:08

Cheers Skinny lets hope they are upbeat

[skinny] 18/5/2014 08:09

Prelims on 6th June.

[staceywhitters] 17/5/2014 22:51

Is there any value here? or just lacklustre management

[chector177] 11/4/2014 16:48

perhaps bored with this share going sideways???

[dimpkins] 11/4/2014 12:02

Has anyone seen/read the Oriel sell note? wondering what their reasoning is

[skinny] 02/4/2014 13:42

A test of 106 beckons again.

[realcooltrader] 01/4/2014 17:24

Salvador Dali, I believe.

[skinny] 01/4/2014 15:24

Interesting telephone!

[realcooltrader] 01/4/2014 15:18

And now the Telegraph has it as a Buy:

[chector177] 31/3/2014 11:55

Thanks for the info. Investors Chronicle had it their list for today too.

[skinny] 31/3/2014 11:21

I emailed KCOM and they have changed the financial calendar (above) accordingly.

Swift response too!

[realcooltrader] 31/3/2014 09:40

Can't argue with that! But, if you check in previous years, they've always been Pre-Close Statements.

[skinny] 31/3/2014 09:24

Its certainly in their , but they released the Pre-close statement last week!

[realcooltrader] 31/3/2014 09:19

They tend to issue a Pre-Close statement at the end of their FY rather than a Trading Statement, as was seen last week.

[chector177] 31/3/2014 08:51

I thought there would be a trading statement today, but nothing so far. Do KCOM put them out during the day instead of 7am?

[skinny] 25/3/2014 07:15

KCOM Group ("the Group") announces it will be entering a close period on 1 April 2014, ahead of its preliminary results announcement for the year ending 31 March 2014. The Board confirms that trading remains in line with expectations.

The preliminary results will be released on 6 June 2014.

Board changes

As previously announced, from 1 April 2014, Bill Halbert, currently Executive Chairman, will assume the role of Group Chief Executive and Graham Holden, the role of Non-Executive Chairman. Mr Holden has been an independent Non-Executive Director (NED) for the past 6 years.

In conjunction with these changes, an additional NED will be recruited.

Pension update

The Group is pleased to announce also that it has reached an agreement with the Trustees of its Defined Benefit Pension Schemes ("the Schemes") to provide further funding of the Schemes' current deficit position through the asset backed Partnership ("the Partnership") that had been previously established during the year ended 31 March 2013.

The total value of this income distribution to the Schemes is £16.0 million. Further details will be provided, alongside an update as to the Schemes' funding position and deficit repair plan, at the preliminary results announcement in June.

ENDS

[realcooltrader] 10/3/2014 12:46

Courtesy of broke-r on iii, a Motley Fool article:



Nothing we don't already know, but it all helps to get the word out.