Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Looking at your recent posts there seems to be a pattern " I bought XXX last week, month, last 3 months (delete as appropriate) and the price seems to have done nothing but fall" Is the end of the world nigh? No this is just normal investing so get used to it or find something less stressful to do with your time.
looking like a dying duck this - all because I bought in in August....
Tutt... 2nd part of the AIM 100 doesn't appear until the 19th. Nice to see the rise today though. GLA
Frankly I'm baffled by the indifference shown to what K3C have already built and what's to come. They're my 2nd biggest holding and I plan to keep it that way as I'm confident they will come good but 400p this month may have been a trifle over-optimistic.
If it did approach 300p I would consider buying more though. As CEO John Rigby said at the Investor Meet meeting last week, they are building a £1bn company and I think they'll get there or will get bought.
Did you mean 300p?
Despite what looks like good trading updates the market doesn't seem to rate K3C. The PE stated on LSE isn't right. Think it's more like 17 not 40.
That's a good call and I hope that it will spark some more awareness of K3 Capital. On Wednesday's Investor Meet call, CEO John Rigby admitted to being a bit disappointed by the market reaction to the FY results but said he believes that "If they build it, they will come". He also talked about building a billion pound company. No time limit indicated but that's four times where we are now.
I think this is due to be mentioned in Investors Chronicle this week as part of the AIM 100. Pretty sure it'll be a firm 'buy' from them.
Well we're up a penny Grayling - so I'm now chilled!
Bumping this to the top...
K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, is pleased to announce that John Rigby, Chief Executive Officer, and Andy Melbourne, Chief Financial Officer, will provide a live presentation relating to the Final results for the year ended 31 May 2021 via the Investor Meet Company platform on 3rd November 2021 at 4:45pm GMT.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet K3 Capital Group plc via:
https://www.investormeetcompany.com/k3-capital-group-plc/register-investor
Chill out. There may be some lumps and bumps along the way but long-term this is going above £4.
Investors are not exactly enthused and piling in here are they? For me this is yet another investment that has turned down since buying in a few weeks ago. Not helped by the large spread. No broker comments since July either.
Disappointed by the relative indifference to the great results today but hopeful that further details to be shared this week will give a better breakdown of how the subsidiary companies are performing and that leads to greater broker coverage. The Investor Meet call is on Weds and they should share a Results Presentation pack.
Dividend is 6.1p goes Ex on 18th Nov and is paid 30th Nov.
K3 CAPITAL (K3C): CORP Positioned to flourish across the cycle following strong FY 21 Full-year results to 30 May 2021 were ahead of expectations (post adjustments) with revenue of £47.2m (against our £46.0m estimate) and adjusted EBITDA of £15.7m. After taking into account an uplift in both revenue and profits following a detailed review of the WIP treatment, we see performance well ahead of our £14.3m estimate. This performance is testament to the Group’s transformation amid a very difficult trading environment, and positions K3 to capture upside across its diversified divisions as the economy begins to recover. We make no changes to our estimates and reiterate our price target of 477p, equating to an FY 2022E P/E of 24.0x, falling to 19.5x to May 2023E. With shares currently trading on a FY 2022E P/E of 17.5x, we see an opportunity to own this diversified, high-growth, fixed-dividend professional service offering ahead of a full economic recovery that has the potential to accelerate progress in Restructuring and deliver outlier profits in the M&A division. The outlook is currently in line with expectations, though the building blocks that have been put in place so far have positioned the Group to capture substantial medium-term upside.
hopefully - What a great set of results
Today's spectacular RNS should help with my prediction.
Group revenue: +215%
Adjusted EBITDA: +131%
Profit before tax: +19%
Net cash: +72%
Adjusted EPS: +50%
Dividend per share: +22%
https://t.co/DIpJoOrZOX
I brought back in earlier today & expect a re-rate Monday.
GLA
I started a similarly named thread a while back, not realising the results would be released nearly 6 weeks later this year. Good Luck All!
K3 Capital release their FY results on Monday 1st Nov. Here are my top 5 reasons why I believe the share price should jump over 15% in November to reach 400p+
1. #1 in the UK for M&A, 4th in Europe, 6th globally.
2. 245 M&A deals Jan-Sep 2021, an increase of 93%.
3. 15th June TU: "Exceptionally strong performance” but revenue and EBITDA raised since then in a recent RNS so should be beyond exceptional.
4. Acquisition of multiple complementary earning-enhancing companies (Quantuma, rannd, Knight).
5. Market cap just £255m.
K3 Capital is delighted to announce that we have been named as the UK’s number one financial advisor for the first nine months of 2021 in the Refintiv Global Mid-Market M&A Review.
In order to achieve this position our Group completed 245 qualifying deals, during the first nine months of 2021. This marks a year-on-year increase of 118 deals, which equates to an increase of 93% and almost one deal completing per day.
The report highlights our strong performance during this period, with K3 Capital completing over 20% more deals than our nearest competitor. This impressive display is also reflected in our Group achieving fourth and sixth place within the European and global rankings respectively.
It is rewarding to see our efforts as a group being recognised with the retention of the position we have held since the beginning of 2021. We expect to retain this place as we have currently completed 45 more deals than we achieved during the entirety of 2020, with three months remaining of the year. There is no doubt that this achievement is a reflection of the continued efforts of our Group’s ever-expanding M&A division.
K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, is pleased to announce that John Rigby, Chief Executive Officer, and Andy Melbourne, Chief Financial Officer, will provide a live presentation relating to the Final results for the year ended 31 May 2021 via the Investor Meet Company platform on 3rd November 2021 at 4:45pm GMT.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet K3 Capital Group plc via:
https://www.investormeetcompany.com/k3-capital-group-plc/register-investor
Fully agree Ken
Meeting postponed. It didn't make sense for it to be before the results were released. Should be near 1st Nov now.
"Please be advised that due to unforeseen circumstances K3 CAPITAL GROUP PLC has had to cancel the meeting Preliminary Results Presentation scheduled for 19th Oct 2021 at 4:45pm BST. A further presentation invitation will be issued in due course.
We apologise for any inconvenience caused."
There's a good interview this werk with CEO, John Rigby, that virtually no-one has watched. but these FY results will bring attention to K3C that it hasn't seen before.
https://youtu.be/9Tqcj-q7kro
We have a results release date at last and it's 1st November. As expected, there's an indication that the results are very strong so expect the share price to pick up signifucantly from here.
"Following a review of the Company's accounting policies, the Board now expects the Group's revenue and adjusted EBITDA* for the year ended 31 May 2021 to be ahead of the numbers announced in the trading update on 15 June 2021 which stated revenue of c.£46m and adjusted EBITDA* of not less than £14.25m."
So what happened after 11 am to cause the jump?!