Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Begbies Traynor came out with a bullish trading update this morning, up nearly 9%
https://www.lse.co.uk/rns/BEG/year-end-trading-update-and-notice-of-results-6z8bv3qoc1ej0b2.html
Plus the fact that the fair value of K3C is over £6.00 per share helps. (Link below) Unfortunately the 'Covid! We're all going to die!' mentality paranoid, mask in the car wearing investors keep pummeling this stock down along with FUTR (excellent results), PSN (excellent results) and multiple others. All because we are going into a catastrophic depression ... even though there are more jobs than job seekers. https://images.simplywall.st/asset/chart/424411513-dcf-1-dark/1652945791687
W13Ken
re - Were you alerted to K3C based on charting?
Mainly on the sharp drop in the share price on the chart and then on the research seeing the low PE for a high growth company and later as the MACD was getting ready for the crossover decided to get some.
MACD trading strategies: Crossover
The strategy is to buy – or close a short position – when the MACD crosses above the zero line, and sell – or close a long position – when the MACD crosses below the zero line.
This method should be used carefully, as the delayed nature means that fast, choppy markets would often see the signals issued too late. However, as a tool for providing reversal signals of long sweeping moves, this can be very useful.
Chart MACD... https://uk.advfn.com/p.php?pid=chartscreenshot&u=lgz%2BnRsX0YF8qzCXXp7f%2By%2Bw6Bvb7RpzOLk%2F4Aj4lR0%3D
MasterRSI, some helpful and interesting posts here and on Advfn but it seems you're pretty new to the K3C boards. Were you alerted to K3C based on charting?
Earlier quotes on the spread of 225 v 235p
Buys at 233.50 for 8K
Sells at 228.20p for 5K
After a few more buys all so far
A MM is back to 225p bid, when late yesterday 4.25pm moved away for no reason.
Intraday chart .... http://uk.advfn.com/p.php?pid=staticchart&s=L%5EK3C&width=480&height=320&p=0&t=1&cb=
another 3 x 1,000 buys
The early buyers have managed to get the offer UP to 235p
First trade of the day and a good size buy, well over MM size
08:39:40 229.64p 5,000 £11.48k
The MACD is ready to give the signal to buy
Chart with MACD and comment .... https://uk.advfn.com/p.php?pid=chartscreenshot&u=fqvR3TkcTs8L4MHgrtdeSrMB1cXVerwToff0uQoeFYE=
Buys not moving the sp. Spread is annoying.
Agreed Surprised, I believe K3C has to climb significantly on or before June's results.
with respect schwee, a pe of 9 is incredibly decent, eps(f) of 26 very good and divi of 6.8 percent not too shabby...revenue and profit all looking pretty good too along with a bit of cash in the bank :-)
And it still trades on a fancy earnings multiple assuming (which one should) all the nasties are taken into account.
article on K3C ..... 'growth and momentum across K3’s businesses remain strong.The company reiterated (9 May) that since
reporting a strong start to the second half, trading has continued to be positive and the board remained ‘very confident’ in its outlook for the financial year to 31 May 2022......K3 has built a diversified business which
provides services across the life cycle of companies, from mergers and acquisitions all the way through to restructuring and insolvency services. This should provide resilience whatever the economic weather....'
the journey back over 300p is where the larger profits are made, or investors can wait till the price is much higher :-)
Hell of a long journey back to £3+
I fear it has simply been overhyped creating a bubble last year.
Pleased to see the update, even if it didn't say much. It's put my mind at rest.
Wish I'd topped up at 205p on Friday now but can't win em all.
Grateful to the board for issuing an update, if somewhat lacking in detail. Am sure all holders will be looking forward to K3C's more informative end year update, next month.
As a matter of interest, watched CNBC's market coverage from the US on Friday. A representative from JP Morgan stated they were pleased to have gotten the S&P500 down to current lower levels. Still seeing further declines yet with a bottom something like below 3740, (wasn't making notes). Market turbulence has a way to go yet it would seem. Especially bearing in mind that US gas prices, though inflated, are still a small fraction of what we are dealing with in Europe.
K3 (AIM: K3C), the multi-disciplinary professional services firm providing advisory services to SMEs, notes the recent performance of its share price and confirms that it is not aware of any reason for such a decline.
In the Interim Results announcement on 7 February 2022, the Board confirmed that the outlook for the remainder of the financial year, and beyond, was positive and were pleased to report a strong start to H2 FY22.
Trading since then has continued to be positive. The Board remains very confident in its outlook for the year, with all three divisions showing strong levels of activity.
Recent acquisitions are performing in line with plan. The acquisition pipeline is healthy with various bolt-ons being evaluated.
The Company looks forward to providing more detail in its year end trading statement in June
https://twitter.com/surprised_trade/status/1523550227877494784
Everything in this morning's interims from Numis seem to suggest M&A activity is very buoyant:
"Advisory activity continues to be strong, and our M&A pipeline is continuing to grow. We expect to maintain the positive momentum in Advisory revenues through the second half supported by a number of M&A transactions for corporate clients which have been announced and will complete in the coming weeks."
https://twitter.com/surprised_trade/status/1496462583456583681
added to holding ...K3C ..210p..sp fallen back substantially from 340p since excellent results, director bought @ 252p in April. Profitable, cash and growing business...... Broker has 477p target
broker note 1.3.22
Growth motors on. Despite organic growth being delivered across the group’s diversified services, acquisitions are contributing to the continued growth momentum. JE Consulting complements K3’s growth strategy by expanding and deepening the services of the K3 Hub. Management remains confident in meeting full-year market expectations, which remains supported by a strong H2 pipeline
Estimates. JE Consulting generated revenues of £1.5m (mostly monthly recurring revenue) and an adjusted EBITDA in the region of £0.40m (normalised for Director’s salaries). At the end of November 2021, net assets stood at £0.5m, of which £0.59m was cash. We adjust our estimates to reflect JE Consulting’s integration into the wider group. Accordingly, we raise our EBITDA by 0.6% for 2022E to 18.3p from 18.2p & by 1.8% in 2023E to 22.5p from 22.1p. - Valuation. We leave our target price unchanged at 477p, representing a potential upside of 64%. Value-enhancing acquisitions and strong operational performance remain a core feature of this attractive diversified group’s investment case. - Our view. The versatile K3 platform can be applied to multiple layers of services currently offered by the group, solidifying the increasing demand from SMEs at different stages of their business development. Today, once again, highlights management’s well respected strategic vision, and we remain upbeat for the future given K3’s recent operational performance
Merger and aquisitions are very likely in a downturn as large companies take out the struggling competition, K3c seem ideally placed in such markets...the sp certainly does not appear to reflect the strong trading pdate a few weeks ago or the outlook mentioned....broker has a recent 477p target
With regard to M&A everything changed in March. Prior to that most were forecasting another bumper year for deals. A great deal of the acquisition money was coming from the US, that has seemingly dried up because of the Ukraine war without doubt. Ironically the strength of the US dollar now means that UK businesses are even cheaper than usual.
With regard to TU's we have had a change of advisor, perhaps the breakdown in the relationship with finnCap was because of this. There was a strong start to H2 perhaps enough to limp over the end of year line. No numbers given for expectations that I have seen, therefore no need to update on that score.
The sp is falling as a result of market nervousness. If K3C does release decent numbers and more importantly can reassure with a positive outlook, there will be a bounce. We must remind ourselves though that the outlook for the UK economy is not favourable for the next couple of years. Money to be made from companies struggling financially but will this compensate for the downturn in M&A?
Everybody is entitled to their opinion, have given you mine. No more from me, I wish you all good fortune in your decision making.
Let’s not forget the insider buys:
On 13 Apr 22 Anthony Ford bought UK£25,200 or 10,000 K3C @ UK£2.52
On 07 Dec 21 Carl Jackson bought UK£29,524 or 9,090 K3C @ UK£3.25
On 06 Dec 21 Charlotte Stranner bought UK£29,250 or 9,000 K3C @ UK£3.25
On 03 Dec 21 Stuart Lees bought UK£30,000 or 8,982 K3C @ UK£3.34
On 01 Dec 21 Anthony Ford bought UK£46,000 or 15,000 K3C @ UK£3.10