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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)
DYOR and good luck...
FY results should be released w/c 20th September including an Operational overview, Post period end and Current trading and outlook. All 3 should be extremely positive.
Not long till we see if I was right. Upward momentum starting to build even in a turbulent market.
will need 400. Outrageous spread - designed to stop people cashing in when it rises.
K3 Capital play their cards pretty close to their chest when it comes to forthcoming updates but last year's Final Results were released on 22nd September. Last year they also held an Investor presentation on 24th September.
I hope and expect that we should hear some news in the next week.
I wrote to K3C this morning about results and meeting dates and received a quick response from the CFO. Seems reasonable given the circumstances and I'm still confident that it will be worth waiting for.
"Given our transformational year through acquisitions in FY21, we decided to go out with our results 4 weeks later this year – purely in order to ensure we had appropriate time with the audit and also preparing a meaningful annual report as it will be quite a deviation this year due to our numerous revenue streams.
We will make an announcement on dates in the coming week or so but are aiming for late October. I expect we will continue with our investor meets company presentations, so look forward to updating you in due course."