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Here are my thoughts on why I believe K3C is very likely to jump 10% and be north of 400p within the next few weeks. It also has a good chance of hitting 500p by the end of 2021.
* The clues were there in the 15th June Trading update ("exceptionally strong performance, having successfully grown revenues and profits across all divisions", "significantly ahead of initial market expectations; beating multiple upgrades made to market expectations across the year" etc ) and the sp has gone sideways since then. Official confirmation in the FY results should wake up those that weren't convinced and reratings should follow. https://polaris.brighterir.com/public/k3_capital/news/rns/story/xj3k81w * K3C often underpromise and overdeliver, hence the multiple forecast upgrades last year. * Continued measured international expansion: Just released today - Quantuma expands into Middle East with Dubai office launch http://www.tradearabia.com/news/IND_386721.html * Quantuma grows headcount by 45% in 12 months: Quantuma has significantly diversified its offering in recent years to include aspects such as pensions and corporate finance advisory, the firm is still best known for its work helping clients under financial stress. * Great financials: Investors' Chronicle highlight that K3C has excellent fundamentals and passes all 8 of their financial tests. https://www.investorschronicle.co.uk/alpha/2021/08/13/financials-building-up-a-head-of-steam/ * Fair value of 819p on Simply Wall Street based on Discounted Cash Flow. * K3C doing brilliantly in UK regions in the first half of this year: Midlands Financial Adviser: #1 (33 deals), North West FA: #1 (30 deals), South East FA: #2, South West FA: #4, Wales FA: =#2 (5 deals), Yorkshire & Humber FA: #1 (17 deals)
Quantuma grows headcount by 45% in 12 months26 Aug '21
I'm very confident that K3C will hit 400p in the next month with FY figures being released in late Sept. Nothing but good news from them and their subsiduary Quantuma (although it's usuallh referred to as a merger).
"Due to heightened demand, corporate turnaround consultancy Quantuma has grown its team by 45% over the last year. The news coincides with its appointment of Brian Burke as a Managing Director.
While Quantuma has significantly diversified its offering in recent years to include aspects such as pensions and corporate finance advisory, the firm is still best known for its work helping clients under financial stress. Amid the unique crisis presented by the last 18 months of pandemic chaos, this meant the firm was positioned to pick up a heightened workload, during and after the lockdown.
In order to cope with rising demand, the firm committed to a hiring campaign that has seen it boost its headcount by 45%. Welcoming in a net gain of 85 new staff, the firm took its team from 188 to 273 professionals – also using acquisitions to more rapidly grow its team. Since its merger with K3 Capital Group, Quantuma has completed several lucrative deals in the last 12 months. In the first quarter of 2021..." https://www.consultancy.uk/news/28806/quantuma-grows-headcount-by-45-in-12-months
Featured Investment Trust today (Money Section) is "PREMIER MITON UK MULTICAP INC". Their second biggest holding at 2.2% is K3 Capital. They have grown 228% since 2011 launch and 21.5% in 2021 so far, so no mugs.
Nick, you should be out of the red come the end of September (FY results released on Sept 22nd last year) as we already know the results are 'exceptionally strong'. In fact, K3C normally are on the conservative side which is why they upgraded their targets on a few occasions last year.
There's a favourable mention for K3C today in an update on the Diverse Income fund's performance:
"The second best contributor was K3 Capital, a multi-disciplinary group of professional services businesses advising small to medium enterprises on matters such as Mergers and Acquisitions. Although volumes were weak at this time last year, K3 Capital scaled up its operations via two complementary acquisitions at a time when corporate valuations were low. Subsequently, as SME transactions have recovered, the combined business has gone on to generate much greater cash surpluses than previously anticipated. K3 Capital enhanced the return of the Company by 1.9%."
Nick, I think you will be out of the red after the end of September. I'm really confident that the share price will pick up again after the FY results are released. My second biggest holding after Draper Esprit.
Diverse Income Trust news this morning: "The second best contributor was K3 Capital, a multi-disciplinary group of professional services businesses advising small to medium enterprises on matters such as Mergers and Acquisitions. Although volumes were weak at this time last year, K3 Capital scaled up its operations via two complementary acquisitions at a time when corporate valuations were low. Subsequently, as SME transactions have recovered, the combined business has gone on to generate much greater cash surpluses than previously anticipated. K3 Capital enhanced the return of the Company by 1.9%."
I jumped in about 2 months ago and am sitting on a 2% loss at the moment.... that damn spread!!
I'm a Bolton lad so I'm pleased to see a local firm doing so well. This is a long term hold for me, there are huge amounts of potential with this firm. The management are excellent and I fully expect a superb set of results in September.
Anyone else watching this K3C chat? Looks like 90% of "recent" posts were from me.
Although the K3C sp has been crab-like of late, still very confident they are growing fast. FY results out towards the end of Sept. The TU said results were 'exceptionally strong^ so I'm expecting reratings. There was a strong climb after last September and the acquisitions of randd and Quantuma.
My forecast is 500p+ in 2022, if not later this year. Fair value is 831p on Simply Wall Street.
K3C is the top financial adviser in the North West30 Jul '21
l'm confident that that K3 Capital will start to climb again soon once this news and news to come is absorbed. Judging by the last set of figures, it will also rank highly in other UK regions and for M&A.
"K3 Capital claims the top spot on the financial adviser table with 30 transactions in the North West region."
The recent price dip allowed me to top up to build up my stake as I had faith that K3C would bounce back strongly. An 8% gain today following another acquisition (that often knock share prices) and a placeholding that was snapped up by institutional investors in minutes, all point to impressive growth in the future. A £250m company that I expect to double in size in the next 2-3 years.