Kofax Share Discussion Threads

[aishah] 11/9/2013 10:15

Kofax PLC : Kofax Solutions Now Processing More Than 1.1 Million Mortgage Applications Per Year in the US

[starfishprime] 06/9/2013 17:42

volume today

[aishah] 06/9/2013 12:47

Kofax PLC : Kapow Software's Big Data Integration Platform Recognized as KMWorld Trend Setting Product of 2013

"Kapow Software, a Kofax company and leading big data integration software provider, today announced that KMWorld has selected Kapow Enterprise 9.2 as a Trend Setting Product of 2013. The final selections were made by a combination of KMWorld editorial colleagues, industry analysts, system integrators and a select group of users from a list of more than 700 products. The publication reviewed the year's technology advancements with particular attention toward products that represent new or business-critical directions for the industry at large."

[b1ggles] 05/9/2013 12:16

Fewbob, it would be a pretty rum do if they bought shares for their investors yet they weren't good enough to recommend in the tipsheet!

They've made me a samll fortune over the last few years.

[starfishprime] 05/9/2013 08:14

Thanks Bo - I have never heard of a DR, then I am new to all this.

A Depositary Receipt is a negotiable U.S. security that generally represents a company's publicly traded equity or debt. Depositary Receipts are created when a broker purchases a non-U.S. company's shares on its home stock market and delivers the shares to the depositary's local custodian bank, and then instructs the depositary bank, such as BNY Mellon, to issue Depositary Receipts. In addition, Depositary Receipts may also be purchased in the U.S. secondary trading market. They may trade freely, just like any other security, either on an exchange or in the over-the-counter market and can be used to raise capital.
Depositary Receipts may be more specifically called American Depositary Receipts (ADRs), Rule 144A Depositary Receipts or Global Depositary Receipts (GDRs). These names typically identify the market in which the Depositary Receipts are available: ADRs are publicly available to U.S. investors on a national stock exchange or in the over-the-counter market; Rule 144A ADRs are privately placed and resold only to Qualified Institutional Buyers (QIBs) in the U.S. QIB PORTAL market; and GDRs are generally available in one or more markets outside the foreign company's home country, although these may also be known as ADRs.

Benefits to a Company
Currently, there are over 2,250 Depositary Receipt programs for companies from over 70 countries. The establishment of a Depositary Receipt program offers numerous advantages to non-U.S.companies. The primary reasons to establish a Depositary Receipt program can be divided into two broad considerations: capital and commercial.
Advantages may include:
Expanded market share through broadened and more diversified investor exposure with potentially greater liquidity, which may increase or stabilize the share price.
Enhanced visibility and image for the company's products, services and financial instruments in a marketplace outside its home country.
Flexible mechanism for raising capital and a vehicle or currency for mergers and acquisitions.
Enables employees of U.S. subsidiaries of non-U.S. companies to invest more easily in the parent company.

So if correct either a broker will buy a shed load of shares off LSE or Co will issue more direct to holding bank to either raise funds for merger/acquisition.

They must have something in mind to spend the fees and they already have plenty of cash.

[boadicea] 04/9/2013 20:53

Such a change might well require a 75% vote in gm and seems unlikely. More likely, imho, is the listing of DR's (Depositary Receipts) as with Shell, BP etc.
This is not necessarily on a 1:1 basis as a DR could be a bundle of, say, 5 shares to make the price appear more in line with typical US share values.

Someone else could probably provide a more informed answer if they're reading this.

[starfishprime] 04/9/2013 18:11

Other Operating Expense, net - Other operating expenses, net increased $1.7 million, or 258.0% to $2.4 million in the fiscal year ended June 30, 2013 due to professional fees incurred for attorneys, accountants and other advisors associated with the preliminary work needed for us to complete a United States listing of all common shares.

The above was in the accounts. Does this mean they are leaving LSE? I assume common = ordinary shares.If so what are the implications for current investors?

[aishah] 03/9/2013 08:33

Lol - They've been on fire in recent times.

[a.fewbob] 02/9/2013 19:36

I used to follow techinvest untill i realise that they seemed to ramp shares that they were also holding in one of their tech funds, which incidently never seemed to do anywhere near as well as their tip sheet portfolio.

[aishah] 02/9/2013 12:46

Techinvest added more to their portfolio. Very positive view on KFX

[nicedude1976] 30/8/2013 13:37

...seems not again ;)

[mog] 29/8/2013 14:07

Seem to be well established above 340 now, even when general market has a shaky day.

Interesting to see the press release clips, thanks gnmartin and cellars.

[cellars] 22/8/2013 17:36

You are welcome.

This is yet further good news in what is now a more than 6 month trend.

The developments in the product portfolio are also encouraging.

All in all, I am looking forward to a positive management outlook statement with the final results and a good uplift in the shares.

Cellars

[gnnmartin] 22/8/2013 08:49

Thanks to cellars, I received my first press release from Kofax today. "a major global bank in Europe has increased its investment in Kofax software by $2.3 million to process more than 350 million documents per year. ... The increased investment includes Kofax Capture™, Kofax Transformation Modules™ and Kofax Mobile Capture™ to process forms, documents, trailing documents, and checks."

[m.t.glass] 20/8/2013 00:48

added a different longterm chart to header, from 2008, and showing the dramatic 2011 period.

[gnnmartin] 19/8/2013 23:56

cellars, thanks.

[cellars] 17/8/2013 15:30

gnnmartin

Yes, I get the press releases.

I registered many years ago. I think by registering for a webcast.

To get on right away I suspect they would add you if you emailed to [e-mail]

Cellars

[gnnmartin] 16/8/2013 11:36

cellars, how did you get on the email circulation list? I had a look around the web site and couldn't see anything inviting one to add one's email to a list. Are you getting copied on the press releases? They are worth keeping an eye on (at www.kofax.com/news/press-releases/) and I would appreciate a copy by email.
Nigel Martin

[cellars] 14/8/2013 14:09

I get emails from the company. Q1 sales orders seem to be continuing the upward trend.

[nicedude1976] 14/8/2013 13:15

forget 340. i think it could correct sharply as it's done in the past before reaching for the new highs. then 400+ could come very quickly. the trend is very apparent.

[mog] 26/7/2013 15:06

Early days but 340 resistance now seems to be becoming support

[mog] 18/7/2013 10:10

Teetering on a potentially huge breakout, price now in the upper 330's, blue sky on chart from 340 to 440

[cellars] 03/6/2013 12:00

Kofax announced on its website 28/05/13 an order with a total contract value of US$4.6 Mn. Again no indication of timeframe for revenue & profit recognition, but its got to be further very good news.

[gnnmartin] 19/3/2013 17:41

Thanks for that cellars.

[cellars] 15/3/2013 14:43

I have only now noticed what may be the reason for the recovery in the share price from the post interim results low:

Interim Results
Commenting on these results, Reynolds C. Bish, chief executive officer, said: "Our second quarter software license revenue was lower than anticipated, principally due to a mid seven figure sale in EMEA slipping, which we now expect to close in a future quarter.

04/03/13 Website & News Release (but not RNS)
a leading provider of smart process applications for the business critical First Mile™ of customer interactions, today announced that a national government agency in Western Europe has selected Kofax for a large scale capture project. The value of the contract to Kofax exceeds $4.8 million.

An RNS announcement such as many / most companies make about significant new order wins might have reached a wider audience.

A quick review of the news releases this year suggests to me that the order run rate has picked up from H1.