Kofax Share Discussion Threads

[mbugg1976] 15/12/2010 14:26

still dont get it more buys than sells and the price drops setsmm ??

[praipus] 14/12/2010 14:29

Director buying

[praipus] 21/11/2010 20:39

Not for KFX

[essentialinvestor] 21/11/2010 06:50

The number of recent contract wins apppears to have slowed down?.

[praipus] 19/11/2010 16:18

Salesforce.com should buy KFX IMHO.

[mbugg1976] 12/11/2010 15:36

Nice director buying proberly why they dropped the price well hopefully anyway

[praipus] 10/11/2010 17:04

SP moving back on very low volume I recon there's some news comming and the MM's have moved the share price for some stock.

Tonsil I make the PE about 14 ADVFN figures sometimes not correct.

[abc125] 09/11/2010 17:04

surprising weakness. sold out today at 266p.

[abc125] 03/11/2010 20:43

bit like asos.

IMS any day now. 05.11 last year.

[tonsil] 25/10/2010 19:58

PE of 4800 is just a bit high for me . . .

[gerdmuller] 13/9/2010 13:08

I bought a few of these a few weeks ago so nice to see them in profit. I'm becoming more surprised at the lack of interest in this type of company. A few years ago the results would have raised a lot of interest but now we see very little comment.

This lack of interest does often leave the door open for takeovers and I think there will be one or two more like this in the tech sector that end up as targets in the next year or two.

[eyerishmann] 13/9/2010 12:17

Mentioned in FT today (page 19) as possible target for Autonamy

[abc125] 08/9/2010 15:40

big volume going thru last couple of days.

[abc125] 06/9/2010 15:34

In August of 2010, Harvey Spencer Associates, the leading independent capture
software and services market analyst firm, published its annual report, which
notes that:

1. The overall market is expected to expand from $2 billion in 2009 to over $3
billion in 2013 at a compound annual growth rate of almost 11%,
2. Kofax increased its overall market share to 11% during 2009 from 10% in
2008,
3. We maintained our dominant leadership position in the "Image Capture"
segment, which is defined as the scanning, indexing and exporting of document
images and data for archive purposes with a 25% share and
4. We, for the first time, achieved a leadership position in the "Transaction Capture" segment, which is defined as the scanning, classifying, extracting critical business data and exporting of document images and data to downstream business processes with a 13% share.
It's clear that we're pursuing a large and growing market opportunity, and, in a significant reversal of past years, we've started to once again increase our
overall market share. In addition, we now have a solid leadership position in
both segments that comprise the "enterprise" portion of the market, which
accounts for more than 64% of the total.

I think their software business may do a bit better than the 10% revenue growth they predict in the current financial year.

[forearmed] 03/9/2010 10:20

Does anyone know what these strange purchases - in this case apparently of 2 shares - actually indicate? I believe they are some sort of mm signal but wonder if anyone has more concrete information. TIA. forearmed

[cellars] 27/7/2010 23:32

edcrane

thanks very much for the Canaccord updates. Can you post their updates on Dialight, another of my favourite companies where Canaccord is also the sole broker issuing forecasts? Would be very helpful.

[edcrane] 27/7/2010 08:52

KFX upgrade to estimates from Canaccord this morning

Kofax:Upgrading FY11/12 est, reit BUY, PT 310p... Kevin Ashton 020 7050 6637
- FY11 EPS upgraded 7% from 22.9c to 24.6c
- FY12 EPS upgraded 6% from 26.7c to 28.3c
- These upgrades still look conservative as they imply software organic growth
slowing from 14% in FY10 to 9% in FY11
- We est Software margins up to 13.2% in FY2011 from an estimated 11.3% in FY10
- NOTE we est 2H10 Software margins were already over 16%
- Kofax targetting 15% software margins over medium term, still upside to Nos
- We forecast Hardware organic growth being flat in FY11 after -2% in FY10
- SOTP s/w $400m, h/w $20-30m, cash $55m = $480m/£311m v current mcap £207m
- Reit our BUY and PT of 310p price

[essentialinvestor] 27/7/2010 08:04

Muted reaction yesterday, may push on today.

[cockneyrebel] 26/7/2010 10:25

Yep, good statement today.

The sooner they get rid of the hardware division the better - then these can get a proper valuation as a software co imo.

CR

[edcrane] 26/7/2010 08:04

Canaccord initial reaction to results

FY10 revenues and profits ahead of expectations
Kofax has guided FY10 revenues in the range of US$338-342 million: this means H2 is 4% ahead of our forecast and the full year 2% ahead of our US$335 million. Total earnings for the year are expected to exceed expectations. The outlook for the software business is "increasingly confident". We expect to make a modest upgrade to FY11E earnings.
Software business ahead of expectations
Software revenues of US$213-215 million suggests a pick up in organic growth from 8% in H1 to 19% in H2, which would make sense given the string of recent large deal announcements. Sales execution and achievement levels continued to improve across all segments of the business. No exact profit figure was given, though it is ahead of our forecasts.
Restructuring of hardware business
The hardware business declined yoy as expected -- by 2% organically. Earnings declined by more than this as a tough competitive environment caused pressure on gross margins. As a result, Kofax has announced an exceptional charge of up to US$2.5 million (up to 20 redundancies), which should lead to annual savings of US$1.5 million.
Very strong cash generation
Net cash of US$55 million was well ahead of our forecast US$42 million and more than compensates for the restructuring charge in the hardware division. While we suspect the value of the hardware division will now be a touch lower, the higher cash position and better results from software offset this leaving our SOTP valuation unchanged and still quite conservative.
We believe our 310p price target is well underpinned by the SOTP approach (s/w worth c. US

[essentialinvestor] 26/7/2010 07:58

Great update, £40 million plus in cash and ahead of expectations.
The value is in the Software business.

[essentialinvestor] 21/7/2010 14:21

If KFX is in a series of making new highs,
perhaps 270 + ? on the cards.

[essentialinvestor] 21/7/2010 12:28

Trading Update tomorrow or Friday?.

As Canaccord are the Broker and Financial Adviser,
and they have mentioned a likely TS in their recent update,
we are likely to see and Update by next week imv.

[essentialinvestor] 20/7/2010 14:53

Crossover on the 50 Day Moving average - lovely.

[cockneyrebel] 20/7/2010 13:04

Execution Nobel have a buy rec out today with a £3 target - they say there's good read across from ReadSoft Q2 results.

CR