Previously writing on business software, cloud and managed services group K3 Business Technology (KBT), just over a year ago with the shares around 150p I concluded hopefully my warning here was heeded. Still currently avoid / sell. The shares are now at 98p – but that following a rise today on a “pleased to provide” trading update...
In June, with the shares at 220p, I stated on business software, cloud and managed services group K3 Business Technology (KBT) “Trading Update” = Profit Warning Deferral?, questioning the ‘prolonged customer decision-making processes’ really all due to Brexit-related disruption?, “the benefits of transformation initiatives” really coming through across all key areas of activity? Now another “Trading update”…
Business software, cloud and managed services group K3 Business Technology (KBT) “is pleased to provide a trading update for the six months ended 31 May 2019” and it commences; “The group continues to progress well, with the benefits of transformation initiatives coming through across all key areas of activity, and the board believes that K3 remains on track to meet current market expectations for this year”… “although”. Uh oh…
Writing previously on K3 Business Technology (KBT) towards the end of 2017, I concluded I’d want further evidence of meaningful progress before reconsidering a present cautious stance. Half-year results today include “pleased with the progress K3 has made over the first half… we believe that K3 is very well-positioned to make further progress over the second half of the year, and view growth prospects with confidence”…
A Trading Update from K3 Business Technology (KBT) today includes that it “is pleased to confirm that trading over the remainder of the financial period to 30 November 2017 has been in line with management expectations”. Hmmm, “in line… over the remainder” hey? What does that translate to?...
K3 Business Technology (KBT) has announced a 140p per share conditional placing to raise a gross £7.5 million and an associated open offer to raise up to £1 million, with October-commenced CEO Adalsteinn Valdimarsson emphasising this as it “enables us to operate with full flexibility as we make strategic decisions”. This following recently another profit warning. Hmmm…
K3 Business Technology (KBT) has updated that it “now believes that the results for the year to 30 June 2017 will be significantly below current market expectations” as “certain large Enterprise contracts have not been secured as expected”...
Updating previously on K3 Business Technology (KBT) in January, we noted a most disappointing profits warning. This is now reflected in announced results for the company’s half-year ended 31st December 2016 – about which we have now spoken to management…
Having been tipped at a 148p offer price at the start of 2013, shares in K3 Business Technology (KBT) have more recently exceeded 350p. However, they are currently back to circa 240p following a disappointing“Trading update” announcement.
K3 Business Technology (KBT) has updated that “trading in the first four months of the new financial year is ahead of last year” – this in advance of a key selling period of the forthcoming weeks to the end of December.
Orderly business succession is what we like as investors. Folks get old, folks move on and want fresh challenges but well run companies plan for this and do not make a drama out of what does not need to be a crisis.
K3 Business Technology (KBT) has announced that Adalsteinn Valdimarsson, who joined as a NED on 11 July, is to become CEO. Chief Executive Officer, David Bolton will step up to assume the role of Executive Chairman and Lars-Olaf Norell will return to the position of Non-executive Director, as previously announced. This is orderly. It shows K3 is well run. Perhaps that is why we are 133% ahead on this share tip.
K3 Business Technology (KBT) has announced results for its year ended 30thJune 2016 and we’ve had a chat with management. The shares are ahead on the news to 343-352p. Not bad given we tipped this at a 149p offer
Drat. There is that phrase again. Results for the year to June 30th 2016 are expected to be "broadly" in line. That is stockmarket speak for "a near miss". No wonder the shares fell a tad on the announcement to 310-333p. We are well ahead of our 148p offer share tip but down on a few months ago.
K3 Business Technology (KBT) has announced an initial £1.27 million and up to £1.45 million acquisition of Merac Ltd, a provider of an electronic point-of-sale and management system for the visitor attractions and leisure sector…
Steve Moore and I tipped K3 (KBT) at a 149p offer on our Nifty Fifty website and the shares are now 350p bid. Not bad eh? But we are still not selling and to see why listen to David Bolton give a most excellent presentation at the UK Investor Show
K3 Business Technology (KBT) has announced an agreement to acquire Retail Support International ApS (known as DdD Retail), a fashion retail-focused provider of proprietary 'point of sale' technology, as well as a placing to raise £13.5 million gross (£12.8 million net) at 330p per share to fund the acquisition (an initial approx. £7 million) and for additional product enhancement opportunities and working capital.
K3 Business Technology (KBT) has announced results for the six months ended 31stDecember 2015 and the following updates on these following a post-announcement chat with management.
K3 Business Technology (KBT) has updated that “profitability for the first half is expected to show a significant increase year-on-year in line with management expectations” and that it“remains well positioned to attain market forecasts for the financial year, with high levels of recurring revenues as well as a strong pipeline of prospects”
Towards the end of last year, I wrote that my first tip of the year for 2015 was K3 Business Technology (KBT) at a 225p offer price (for my most recent updates on my other two see HERE and HERE), with I concluding that I sensed that 2015 is the year when everything really falls into place at K3 – see HERE. I now update with the shares currently at around 350p…
K3 Business Technology (KBT) has announced results for its year ended 30th June 2015 and what it describes as“a major contract win for its ‘ax l is fashion’ solution”. The following updates post a chat with the management of a company where we are c100% ahead on our share tip. There is more to come...
K3 Business Technology Group (KBT) might not have been a share you were aware of until now, but it can be seen on the daily share price chart how there has been a slow and steady build to the upside over recent months.
K3 Business Technology (KBT) was my first tip of the year for 2015 and, post a recent acquisition and research update, the following updates…
Steve Moore and I have been big fans of K3 (KBT) for a while on the Nifty Fifty and the share tip has done us proud. Our confidence was bolstered by this confident presentation at the UK Investor Show 2015.
K3 Business Technology (KBT) was my first tip of the year for 2015 and, post recent results and a research update, the following updates on developments so far...
K3 Business Technology (KBT) has announced what it emphasises are “very encouraging” results for its half year to 31st December 2014 and that “we continue to be confident of the exciting growth prospects available to us”. The following updates post a chat with management...
K3 Business Technology (KBT) has updated on trading in the first half of its year to 30th June “in line with management expectations, supported by an increase in sales of approximately 20% against the same period last year”.
Having recently re-capped on my 2014 selections HERE, it is now time to repeat the exercise for 2015 and so here is my first tip of the year…cue drumroll
K3 Business Technology (KBT) has updated that trading in its new financial year to date “has been in line with management expectations” and also announced the appointment of an experienced interim Chairman, Lars-Olof Norell, following the retirement of its current Chair at its AGM.
K3 Business Technology (KBT) has announced it has become one of only 25 companies globally (and the first for Microsoft Dynamics AX for the fashion retail sector) to be included in Microsoft's 'Global Independent Software Vendor' programme - “designed to provide key partners with extensive technical, sales and marketing support, including early insight into the future Microsoft Dynamics AX roadmap and marketing funding”.
K3 Business Technology (KBT) has announced results for its year ended 30th June 2014 and that “with a strong pipeline of opportunities ahead, supported by a stable and profitable underlying business, the outlook for K3 is particularly encouraging”. Good news!
K3 Business Technology (KBT) yesterday announced a £0.61 million “strategic infill” acquisition of Retail Technology Ltd, a ‘Microsoft Dynamics’-based electronic point of sale provider to smaller retailers. That is more good news for a share where we are already 45% ahead on our tip – there is more to come.
K3 Business Technology (KBT) has announced that for its year ended 30th June 2014 “trading in the second half of the financial year across the group has been good and, accordingly, the board expects results for the year to be in line with market expectations”. The shares are, at 216.5p, way up on my share tip on the Nifty Fifty at a 148p offer but still have further to go.
I am normally pretty rude about the prostitute of the research world, commissioned researcher Edison but today I agree with it. Yikes, I must be suffering from sunstroke after a hard morning hacking away at olive trees. Edison reckons that at 209p K3 Business Technology (KBT) is cheap on the back of a trading update and could be worth 250p plus. Having tipped this stock at 148p on my Nifty Fifty website I welcome Edison to the fan club and I agree with its conclusion.
Update: The first ShareProphets City seminar is to be held at Maribelle’s Wine Bar in Clerkenwell on 29th September and will feature myself, Adam Reynolds from Premaitha (formerly Vialogy) (NIPT) and, confirmed yesterday, a presentation by David Bolton of K3 Business Technology (KBT). When we announce the 3rd speaker we will start taking bookings as attendance is limited to 50. So…
In the wake on interims yesterday, commissioned researcher Edison has published a detailed note on K3 Business Technology (KBT) arguing that the shares, now 199p, are worth 229p. The house broker and Tom Winnifrith reckon 255p and 250p respectively are fair.
K3 Business Technology (KBT) has announced results for the six months to 31st December 2013 – emphasising “the early success we can now demonstrate with our new ‘ax|is’ solution, which has been under development over the last 18 months” and that “we believe that there is significant long term potential to accelerate and widen sales as we develop a global channel to market for our AX solutions and release new product, enriched with our own IP and tailored for specific retail market segments”. What does that mean in English?
Shares in K3 Business Technology (KBT), a supplier of IT services to the supply chain industry, have continued their recovery since I last updated on this website HERE. The company has since announced that, after nearly 14 years as Chief Executive, Andy Makeham has stepped down “to pursue new interests”, with the company’s Chief Financial Officer of more than 15 years, David Bolton, taking over.
K3 Business Technology (KBT) has updated that “trading in the first half of the financial year has been in line with management expectations” and that “continuing momentum in the Microsoft UK division and ‘ax | is fashion’ sales, together with the improving performance of the Managed Services division, will help to underpin forecast results for the full financial year”.
K3 Business Technology (KBT) has updated at its AGM that “the group is trading in line with management targets and that opportunities in the retail marketplace have improved, which helps to support the conversion of our pipeline”.
K3 Business Technology (KBT) has announced results for its year ended 30th June 2013 reflecting "very weak markets, especially in the retail sector, at a time of major investment in Project Gemstone, which is delivering a new Microsoft-certified AX solution for the retail market” , but reports that it ended the year "very encouragingly”
Shares in AIM-listed provider of enterprise resource planning software, hosting and managed services K3 Business Technology (KBT) have nudged approaching 3% higher today, to 114p, on the back of an announcement that the company has secured the first phase of a new order for its Microsoft-based 'Gemstone' AX product with “a major UK garden centre chain”. Following my analysis of the company on this website last month – when the shares traded at 101p (see HERE) – the following updates…
Following a warning last week from AIM-listed ‘enterprise resource planning’ software, hosting and managed services company K3 Business Technology (KBT) that “continuing order deferrals combined with the phasing of the software element of new wins mean that K3 will report revenue and pre-tax profits below current market forecasts”, independent ( i.e. paid for) researcher Edison has updated its view on the company...
I have been thinking about this for a couple of days as the profits warning from K3 Business Technology (KBT) is not its first. I think that its management are capable but they clearly operate in a hard sector and this is becoming a habit. And so is it time to call it a day?
AIM-listed K3 Business Technology (KBT), a provider of ‘enterprise resource planning’ software, hosting and managed services to the supply chain industry, is a company I have covered for a number of years.
Following the publication of weak interims in March by tech stock K3 Business Technology (KBT), house broker finncap adjusted its forecasts but argued that the shares were, at 99p, very cheap and actually worth 195p.
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