Kellan Group Share Discussion Threads

[skier100] 11/4/2014 12:53

The KLN Chairman says quite clearly in today's KLN RNS that "it is NOT expected that any further funding will be required for the foreseeable future" ;-)

KLN's cash outflow has improved dramatically from £1.2m in 2012 to £0.1m in 2013, and is trending rapidly towards zero (indeed, it may well already have reached zero in H2 2013) ;-)

[inside2] 11/4/2014 12:42

With debt and a burn rate that would suggest funds required in the not too distant future, this share price rise suggests a good time for the company to come to the market.

[skier100] 11/4/2014 10:47

KLN marcap is only valued at £2m... and does £24m of revenues... and is now *back in profit* in today's RNS. This is a multibag recovery play.

[brasher2] 11/4/2014 10:33

This is 8 mill in debt and has no cash. Dilution imminent. Good luck. EMT did well. This i not so sure

[skier100] 11/4/2014 10:18

Brasher2 -- Don't let the green-eyed monster get the better of you ;-)

EMT 50-bagged earlier this week.

KLN is now up +65% today as I write. This one is yet another multibagger and the rerating is well underway ;-)

[brasher2] 11/4/2014 09:50

If skier is here its a dead dog

[skier100] 11/4/2014 09:33

Trading volumes are almost 25 times the daily average already this mornning. Volume breakout underway for KLN.

[skier100] 11/4/2014 09:08

KLN is a hugely undervalued share.Massive potential for a multibagger here at just £2m marcap
(£24m revenues).

[skier100] 11/4/2014 08:53

Excellent set of results today. KLN is doing £23m of annual revenues... and its marcap right now is just £2m... KLN has been way oversold and the upside from here is huge.

[webster34] 11/4/2014 08:22

On those results, the company is worth a look

[gipps] 07/11/2012 14:09

Does anyone have any comments on todays activity?

[gipps] 25/9/2012 15:19

Well here we go off and running again and looking foward to a brighter future hopefully eh.

[spursspurs] 22/9/2012 09:13

Tony Reeves, Chairman of Kellan, commented:
"This is an important and exciting step for Kellan which draws a line under our recent history and despite the difficult economic climate enables us to face the future with real optimism. We have the right teams in place at Executive and Senior management level with practical and assertive plans for growth which can now be implemented from a far stronger financial platform. I am grateful to our Board for their support to our strategy and am delighted to give a more positive outlook to our investors, customers and our hard-working and loyal staff."

[spursspurs] 21/9/2012 09:23

Trading in the Ordinary Shares were suspended with effect from 29 June 2012 pending the publication of the audited accounts for the year ended 31 December 2011. The annual results for the year ended 31 December 2011 will be announced immediately following this announcement and the Annual Report for the year ended 31 December 2011 is expected to be published and sent to shareholders later today. Accordingly, the Directors expect that trading in the Company's ordinary shares will re-commence on 24 September 2012.

[spursspurs] 11/7/2012 12:01

Further to the announcement made on 29 June 2012 regarding the suspension of the Company's ordinary shares from trading on AIM, the Company announces that it has received a loan amounting to an aggregate of GBP310,000 from Paul Bell.

The loan is unsecured and does not accrue interest, arrangement fees or settlement fees. The funds have been used by the Company as interim working capital until the equity fundraising is completed.

Due to the fact that Paul Bell holds 23.8 per cent of the issued share capital of Kellan, and is therefore a substantial shareholder, the receipt of the loan constitutes a related party transaction as defined by the AIM Rules. The Directors, having consulted with Merchant Securities Limited, the Company's nominated adviser, consider that the terms of the loans are fair and reasonable insofar as Shareholders are concerned.

This transaction represents a temporary facility and clear intent from a substantial shareholder of the business while negotiations for the equity fundraising and debt refinancing process referred to in the announcement dated 29 June 2012 are finalised.

[thupton] 04/6/2012 15:57

see sharpNik'spost on LSE as below

Tend to agree this is screwed. But the major shareholders have kept pumping money the company has issued CLN's and they take ordinary shares in lieu of money for interest payments. Whatever happens without growth in core revenues this is bust. Think the bank covenants are on the wire - one little slip up and they could breach them.

"Today 15:36sharpnik this is screwed2.75Sell"
"No real growth strategy, lacklustre management well past their sell by date, high staff turnover as a result . This is as close as you get to being able to trade, whilst on the verge of being insolvent. This needs major funding, a placing will mean existing holders are diluted to virtually nothing. Make or break time here. The accounts being delayed should sound alarm bells. Previous accounts had a severe qualification and if anything trading must have got worse due to the recession. Cost cutting only goes so far, if there is no uplift in core revenues, there is little hope".

[spursspurs] 28/5/2012 15:39

I think this week ................

[gipps] 28/5/2012 13:27

Results must be due any day surely?

[spursspurs] 28/5/2012 09:47

some upward movement at last.......

[gipps] 19/3/2012 11:03

Thanks spurs i think the same hopefully only i have noticed that Parity have been going up and i think that they are a similar company.

[spursspurs] 16/3/2012 17:12

Think mid April, also think this is the bottom and we hopefully will move up around results time.

[gipps] 16/3/2012 16:45

I think that the results are out soon hopefully this is the bottom is there anyone else out there watching these?

[tt2oo5] 02/11/2011 07:51

Somebody.. Paul Anthony Bell(Fitel Nominees).. has been steady hoovering these all year long..24% of total issue

..hmmmmmmm, keeping an eye out here again.

[spursspurs] 23/3/2011 10:51

Moving up ahead of results?

[sper] 15/2/2011 10:44

I still hold but really it was a punt and a very small amount.

Also felt it was unlikely to go bust. Knew them of old, back in the Berkeley Scott days. Thought the addition of finance was a good idea