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Excellent new article on K3c by hastings (the Private Punter), including a chat with the CEO and CFO:
Https://martinflitton1.wixsite.com/privatepunter/post/k3capital-on-track-5-10-22
Naked Trader had this on his blog yesterday.
"Excellent results from K3C just pushed the share price up a bit - given profit, dividend hikes, a good outlook and cash in an ordinary market the shares would probably have risen 25%.
Still K3C is one to hold onto and look to buy more once the market heads back up.
In the meantime it goes ex for a very decent dividend shortly.
I suspect big rises for this one when the market turns."
Very positive write up in Stockopedia this morning by Graham Neary on K3C ...- ''As far as the professional services sector goes, this might be one of the best stories I’ve come across in recent years. It looks like K3C has nailed the marketing side of the business, perhaps by putting in far more effort and placing more emphasis on it than their competition....''
https://twitter.com/surprised_trade/status/1574658755060531200
expecting an upgraded broker note shortly from it's original fair value target of 414p.. ..sp was 350p before general no reason decline to current levels
Phew! The results should stem the decline in share price to only 5% today.
https://twitter.com/surprised_trade/status/1574643698079764480
All divisions recording growth in revenues and profits and divi increased..excellent results in current climate & forward look is 'Market opportunity robust across all divisions'
Financial overview
· Group revenue increased by 50% to £70.7m (FY 2021: 47.2m) with strong organic growth of 24%**
· All divisions recording growth in revenues and profits:
o Business Sales: Revenue £21.6m (FY 2021: £16m) (organic growth of 21%), EBITDA £10.8m (FY 2021 £8.3m)
o Tax: Revenue £11.6m (FY 2021: £5.2m) (organic growth of 35%), EBITDA £5.9m (FY 2021 £3.1m)
o Restructuring: Revenue £37.5m (FY 2021: £25.9m) (organic growth of 21%), EBITDA £6.7m (FY 2021 £6.0m)
· Group Adjusted EBITDA* growth of 30% to £20.4m (FY 2021: £15.7m*)
· Cash £13.7m (FY 2021: £14.3m), providing significant headroom to fund organic investment and acquisition opportunities
· Adjusted earnings per share*** 20.64p (FY 2021: 18.56p)
· Recommended final dividend of 8.1p per share, resulting in a total dividend for the year of 12.1p (FY21: 9.1p)
And another move to 235p on the bid now, looking much better for a change
That's the way, the way I like it.
I see the volume has picked up today and the last 2 trades are large and paying close and full offer
13:25:03 240.00 5,000
13:22:09 238.50 5,000
chart with volume... http://uk.advfn.com/p.php?pid=staticchart&s=L%5EK3C%20&width=600&height=205&p=1&t=1&dm=2&vol=1&cb=
https://twitter.com/surprised_trade/status/1561695693462544387
broker note target sp 414p...and has since been revised up further
I took on the bulk of my buys at £3.30p, been trying to average down as best as I can, but it has now become my largest holding in term of money invested. The fall and lack of bounce is really puzzling, it's like people don't realise they acquired Quantuma for insolvency and restructuring work which will be coming into their own now.
Every time I hear John Rigby speak I am always impressed, the numbers look fantastic, the prospects seem great (BEG and FRP doing well). They are even doing great with M&A work. Hopefully they make a nice acquisition to recapture interest, I'm in for the long term as I like the plan, but the SP is concerning short term. Hopefully we see a turnaround over the coming months. I hold a fair few shares but this one is the only one that has me truly baffled by the price action.
sp drifted down from 340p+ at start of year against back drop of excellent figures & expect to comfortably beat expectations....
''full-year results are "expected to be comfortably ahead of market expectations and significantly ahead of [the] prior year."
The group anticipates sales and adjusted EBITDA to increase by 43% to £67.5mln and 24% to £19.5mln respectively for the full year ended 31 May 2022.
All three business divisions - business revenues, restructuring and tax sales - are expected to report "very strong performances," according to the provider of specialist advisory services to small and medium-sized enterprises (SMEs).
K3 expects the business sales division to have a record year - up 34% - boosted by continued organic growth momentum enabled by its data-driven marketing technology platform.
"We have seen strong growth across all of our business divisions underpinned by the group's proprietary data-driven marketing platform and cross-referral network, which continues to drive competitive differentiation and deliver a strong pipeline of opportunities across the group," John Rigby, chief executive, said.
The group flagged it will also have a "robust balance sheet" with £12mln net cash - which will provide headroom to fund organic investment and acquisition opportunities.''
the advertised spread is not the real spread ....231.6p to sell on bid live prices.....
Finally has gone up, but on a larger spread 220 v 240p
This is ridiculous Market Makers
spread tigtening on slowly increasing volume....230.75p sell bid now....besides that the sp drift down against the backdrop of excellent figures as detailed below and the positive outlook provides a very decent opportunity imo :-)
Is getting closer to the move, but MMs are playing games at the moment
Last buy @ 235p ( full offer )
last sale @ 228.76p ( well above middle price )
There was a 20K buy a bit earlier
233.8 20000 14:08:35 spread 220.0 v 235.0
technically oversold, fundamentally undervalued, profitable, cash in hand and outlook states 'set to beat expectations', broker has 400p+ target
https://twitter.com/surprised_trade/status/1558074322945773569
The last 3 days' share price movement
3 days chart... https://uk.advfn.com/p.php?pid=legacyintra&epic=K3c&type=1&size=2&period=c&freq=1&ind_type1=0&ind1_1=&ind2_1=&olx_1=&scheme=&delay_indices=1
Looking at the last couple of days of trading, the buyers were taking control last Friday though no real share price movement ( same spread 220 v 235p ) different closing UT on Thursday.
Friday 12th
buys. 51K
sales 17K
lol, I'm chilled,some folk will wait until the sp is higher , some will see an opportunity at lows :-)
Chill nothing to see here until results and divi announced.
https://twitter.com/surprised_trade/status/1557739422430285824
added to holding...224pp....drifted down from 340p+ at start of year against back drop of excellent figures & expect to comfortably beat expectations....
''full-year results are "expected to be comfortably ahead of market expectations and significantly ahead of [the] prior year."
The group anticipates sales and adjusted EBITDA to increase by 43% to £67.5mln and 24% to £19.5mln respectively for the full year ended 31 May 2022.
All three business divisions - business revenues, restructuring and tax sales - are expected to report "very strong performances," according to the provider of specialist advisory services to small and medium-sized enterprises (SMEs).
K3 expects the business sales division to have a record year - up 34% - boosted by continued organic growth momentum enabled by its data-driven marketing technology platform.
"We have seen strong growth across all of our business divisions underpinned by the group's proprietary data-driven marketing platform and cross-referral network, which continues to drive competitive differentiation and deliver a strong pipeline of opportunities across the group," John Rigby, chief executive, said.
The group flagged it will also have a "robust balance sheet" with £12mln net cash - which will provide headroom to fund organic investment and acquisition opportunities.''
A lot of hopefulness not materialising innit?
...looking more closely, the value of the deals has some way to go to match the quantity of the deals in the league table but that should grow in time
K3 Capital's performance in Refinitiv's H1 2022 Mid-market M&A Review. Worth noting that this Bolton-headquartered company closed more than a deal every working day in H1, beating the likes of Goldman Sachs & JPM globally, KPMG & Deloitte in EMEA and absolutely everyone in the UK.
https://thesource.refinitiv.com/thesource/getfile/index/febb446b-719a-4a11-9fc6-b86ec4042743