Knowledge Sppt Share Discussion Threads

[cvolbrac] 21/6/2002 11:13

Couldn't resist topping up with a few more this morning, and it doesn't look like I'm alone on this one!

Chris

[rangers99] 21/6/2002 10:51

Theres been a lot of big trades recently. thats another 3*200K today

[mick p] 21/6/2002 10:45

in today.....

[rangers99] 21/6/2002 00:35

Rise yesterday due to the offer for Riversoft that values it at about cash. There was an article on NothingVentured yesterday basically suggesting all companies with loads of cash are targets.

[cvolbrac] 20/6/2002 18:47

Jitters - Ok, well keep me informed if you find anything that does scream at you!

Chris

[the jitters] 20/6/2002 16:30

Cheers for those cvolbrac, had a quick look and neither excite me particularly but I will research them a bit further. Looked at heaps of other companies today also and nothing has grabbed me by the throat screaming buy me!!!

I wasnt expecting the RSFt news quite so quickly so find myself in the position of holding a great slug of cash with very few buy candidates......but that will change ;o)))

Phil

[cvolbrac] 20/6/2002 14:22

Jitters - Emblaze (BLZ) looks interesting too, though the discount to cash has narrowed to about 35% now. Enough cash to last 10yrs+ assuming no acquisitions, though in this market at least they won't be paying over the odds!
Even if 3G is a flop there's little downside in this one.

Chris

[cvolbrac] 20/6/2002 14:11

rangers99 - I agree there has probably been some buying following the NothingVentured article, but some of the trades yesterday were huge, suggesting institutional interest. 5m traded - about 7% of the total number of shares in issue. An RNS to follow perhaps?

Chris

[cvolbrac] 20/6/2002 14:03

I also like Nettec (NTC) which has about 12p cash vs 6.5/7p to buy. Enough cash to last 3yrs+, business on the verge of profitability. Dawnay Day Lander buying up a stake. From citywire, 25 April 2002 :

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Following Nettec’s (NTC) results, Lander, whose private equity operation Dawnay Day Lander specialises in technology, feels confident he will also reap rewards from his stake building in Nettec.

Dawnay Day Lander surfaced with a 12.6 million share stake or 10.4% of £9 million Internet design company Nettec yesterday after it picked up 1 million shares. Lander has been buying Nettec since last November at prices of 8p and below.

Lander reckons the results firmly suggested management would return part or all of Nettec’s £16.1 million cash pile.

‘The company has done an enormous amount to restructure already and it appears the business has been breaking even since January,’ Lander told Citywire but admitted: ‘That is some guess work and from what they’ve said in today’s announcement.

‘My reading is that [management] are happy to return capital and I think Jeremy White [founder and 21% shareholder] as well as ourselves want them to.’

Lander points to a few issues management will have to sort out before they are likely to feel comfortable giving money back, namely a number of broken tenancy agreements where compensation needs to be negotiated which resulted from the closure of businesses.

He also suggests management may have been coy when talking about the chances of a capital return because they did not want to raise shareholders' expectations given the disaster the shares have been since float.

Trying to close Nettec down to get the cash out is not an option Lander is considering at the moment: ‘I don’t think Izodia ever had a business. It always puzzled me. Nettec may be small but it makes money now, that is a business … if it is now breaking even what does it need with all that cash?’

In Lander’s view the stock offers him a pretty secure 50% plus return from the current 7.5p and points out that even if management do not return cash and he cannot squeeze it out of them, you still have a solvent business plus a hoard of cash valued at a substantial discount.

Citywire Verdict:

There could be a bit longer to wait. But with the line up of activist investors holding significant stakes bar a disaster fellow shareholders should be able to look forward to getting their mitts on Nettec’s lovely lolly and some pretty attractive returns.

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Chris

[the jitters] 20/6/2002 13:46

Absolutely. I used some of my RSFT profits to buy some KSS this morning. Currently looking for another couple of victims.......any ideas anyone?

Phil

[rangers99] 20/6/2002 00:34

ToffeeMan

Check final results

"The Group ended the year with £24.8m
of cash resource down from £32.5m at the beginning of the year."

Listed on the balance sheet under Current Assets ("investments")

[cvolbrac] 19/6/2002 16:52

Large volume today (5m+). Something afoot?

Been watching this for a few months - decided to buy a few today.

Chris

[toffeeman] 17/6/2002 17:36

I can find no evidence of a cash pile in the accounts - note 13 says they have £38m invested in group companies but I can't find anything about the cash - can someone point me to the relevant entry in the accounts?

thanks

[kerryman] 21/4/2002 13:03

Another article in the MOS today about how much money they've got - any comments?

KM

[purple] 21/3/2002 13:34

Any news on stake building?

[ivanh] 20/3/2002 15:03

Who's buying today?????

[qwazi] 20/3/2002 00:32

I find it so strange that KSS trades so little. There was a little bit of interest before and after the results but now it seems to be being ignored again.
Nearly all the other stocks that have greater cash than their market cap have been identified and have traded up towards their cash value. Some of them have fallen back again, but these tend to be the ones that have very high cash burn and will have spent the cash within the next six months or so.
KSS on the other hand have around 2 years at current burn rate before the cash runs out --- and i'm sure that shareholders will have demanded the cash back long before then if the business doesn't prove viable.
So... the downside seems limited (although there is of course always some risk) and the upside looks very good... we just may have to sit on it for a while.

[mad4it] 18/3/2002 21:07

Amazing....a few months ago TAD was a cautionary tale, now, it's success is being used to ramp other shares!!!

It's a funny old game innit! ;)


I have KSS on my watch list, but not tempted just yet.

Good luck.

[purple] 18/3/2002 20:46

KEEP IT SIMPLE STUPID

Knowledge Support Systems Group PLC (KSS)

KSS is grossly undervalued with a market value of only £10 million and £24 million in cash. The company is like Tadpole Technology with its peer-to-peer technology, in so much the produce has huge potential. KSS should reach break even and still have over 16 Million left in the bank in about 18 Months time. It has received press coverage, as it is a good investment play with its market value well below the intrinsic value of the company. It is also look very, very vulnerable to takeovers; there are a lot of CEO who are envious of this companies financial situation. Like Tadpole Technologies five fold increase from its year low, KSS has huge potential and will good investment for those astute investors.

[purple] 13/3/2002 19:52

Strong buying today, but price has hardly moved, think tomorrow should be more intresting.

Intresting story in the Daily Mail, looks vulnerable to a bid.

[swizz] 13/3/2002 08:03

Snippets in The Guardian and the Daily Mail today >>

"Software firm Knowledge Support Systems ended the day up a penny at 15p as rumours did the rounds of stakebuilding by an unnamed party as a prelude to a bid, The Guardian reported. The Daily Mail said dealers reckoned the company looked a decent play, with chief executive David Mushin confident about current year prospects".

[purple] 12/3/2002 22:40

This share is starting to move upward now, but the company's excellent progress seems to have gone unnoticed. The company has got over £24 Million cash in the back, yet is only valued at £10 million. Surely the company itself should be valued at about £10 million, which would equate to a market capitalisation of over four times its current value. The current value of KSS is crazy; the market has gone made. NO other shares are trading at such a discount to cash in the bank! However focus needs to remain on the company and its business model, which is now, look very viable. Lets just take its first petroleum customer signed up in the US, which has 4,200 filling stations. If is software was successfully deployed at each of these stations and assuming that each station therefore increases profitability by £10,000 then the customer can increase its profits by £42 Million per year. Now software that can offer these potential increases in profitability to customers has considerable commercial value. Therefore KSS in my opinion is currently vastly undervalued. Knowledge Support Systems have fallen from a high of 585p to just 15p, at their peak the company was valued at over £430 million. A rerating now looks likely to more realistically represent the value of the company and its cash assets.

[swizz] 12/3/2002 07:42

We have some movement pre-mkt,first mkt maker has opened 14p/17p,wonder if the late trades yesterday cleared the seller from the mkt,or has it been tipped somewhere,i have looked on most sites but no mention of a tip.

any idea's ?

[swizz] 12/3/2002 00:47

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