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K3 Capital continuing to do excellent business.
Refinitiv’s H1 2022 report names them as the UK’s most active business sales adviser.
* Completed 149 deals, 50% more than nearest competitors
* 3rd in Europe, 7th worldwide
* Top of Refinitiv rankings
* Undervalued IMO
https://www.linkedin.com/feed/update/urn:li:activity:6953701412077756416/
What sort of timescale is "eventually"?!
A very erratic uptrend in the last month. Hope it continues.
The market will eventually realise that we are ridiculously undervalued.
“The UK’s financial and professional services sector roared back to growth last year after a pandemic induced contraction in 2020, a new report has revealed. The sector notched year-on-year growth of eight per cent in 2021 following a contraction of 0.6 per cent in 2020, while total industry output in 2021 reached £261bn, up by £19bn year-on-year, according to a new report by industry body the CityUK. Collectively the sectors accounted for 12 per cent of total UK economic output, up from 10 per cent in 2020, the report found. Chief economist at the CityUK Anjalika Bardalai said the sectors had ‘weathered the challenges of the pandemic period well’. ‘Its relative stability reflects the essential enabling role the industry has within the wider economy, and the continuing strong demand for its products and services within the UK and beyond,’ she said. She added that resilience shown through the pandemic made it ‘well-placed to withstand the myriad economic and geopolitical challenges’ set to rock the UK economy this year. Industry employment also remained relatively resilient throughout the pandemic, with around one in every 14 UK jobs employed in financial and related professional services in ‘high-skill jobs’, the report found.”
Source: City A.M. - THURSDAY 30 JUNE 2022 6:00 AM
https://www.cityam.com/uk-financial-services-roars-back-after-pandemic-slowdown/
Am happy with these numbers. Will re-invest the dividend whatever it is. I'll leave you guys to bang the drum for K3C but for me, it's the results that will do the talking.
On the USA front, the talk is of wanting the S&P to fall at least another 10%. Even to fall below 3000 with a major capitulation. Until there is some end to the wanton destruction in Ukraine, any upwards movement will be shortlived. Any irrational falls in sp of decent stocks with longer term prospects, are opportunities to buy, rather than be frightened.
https://twitter.com/surprised_trade/status/1539131037569122306
comfortably ahead of market expectations and significantly ahead of prior year,+ cash of £12m
Full year results expected to be comfortably ahead of market expectations and significantly ahead of prior year*:
o Revenue expected to increase by c.43% (c.18% organic**) to c.£67.5m (FY21: £47.2m)
o Adjusted EBITDA expected to increase by c.24% to c.£19.5m (FY21: £15.7m)
· All three business divisions expected to report very strong performances:
o Business Sales: Revenue +c.34% (c.24% organic**) to c.£21.5m (FY21: £16.0m)
o Restructuring: Revenue +c.33% (c.11% organic**) to c.£34.5m (FY21: £25.9m)
o Tax: Revenue +c.120% (c.34% organic**) to c.£11.5m (FY21: £5.2m)
· Robust balance sheet, with c.£12.0m net cash as at 31 May 2022 (FY21: £14.3m), providing significant headroom to fund organic investment and acquisition opportunities***
Brilliant results! Should help stem the decline to only 5% today.
When the tide goes out all boats will drop. With AIM they just drop further and faster. Chill out, it will come good once the uncertainty of war and rampant inflation are things of the past. It may take 5 years, but there is always a nice healthy dividend to sooth the wait. A major plank of K3C's business is rooted in insolvency so if things get any worse they will also benefit. Every cloud!
I believe in this company, it's solid. But there's a lot of scared money out there at the moment.
What - by 2030?
https://twitter.com/surprised_trade/status/1533526929210474496
broker has 477p target
part of article below...
K3 Capital boasts improved earnings and growth prospects
The company has evolved significantly and is ambitious to develop further; .............There is always a big market to attack at this volume end and includes retainer income as well as transaction fees. CEO John Rigby told us recently that he sees a record number of business owners looking to transact at the moment and a very strong pipeline, despite prevailing economic uncertainty.
K3 has a data-driven process which generates direct marketing leads to potential buyers and sellers, followed up with telesales and visits.
...........The group’s ‘Globe’ database covering over 5 million entities and the experience in data handling is applied to acquired businesses and helps drive cross-selling of services with the other divisions.......The rationale for the group is to make the whole greater than the sum of its parts by leveraging its Globe data skills across all divisions and effectively cross-referring and cross-selling. So far things seem to be going to plan. From the SME client’s perspective, a one-stop shop has appeal in providing an easier and simpler way to access specialist financial services..........CEO John Rigby has been with the company since 2000 and owns 10% of the equity. Founder Tony Ford is executive Vice-Chair and has a 7% stake; whilst the group is chaired by Ian Mattioli who is co-founder of Mattioli Woods. Premier Miton is the leading institutional investor with 10% followed by Canaccod, Grandeur Peak Global, and Axa.............the complementary nature of the three divisions, their focus on the SME sector, and K3’s data-driven marketing approach, should combine to deliver an enhanced growth rate...............at November’s interim stage cash stood at £9m with no debt (excluding leases) and remaining deferred contingent acquisition liabilities of £3m. The company is cash generative and is committed to a generous dividend payout ratio. Dividend cover is 1.6x and the company has indicated 12.1p for the year just ending with 15.5p for the May 2023 year........................A strong start to the second half was reported at the time of the interim announcement in February and confirmed a positive outlook in an RNS a couple of weeks ago. ..........Given good trading momentum and
a counter-cyclical upturn ahead in Recovery, the p/e of 10.6x and attractive 5.8% yield make the stock a buy.
It took its time but has finally gone to 270 v 285p +12.50p
Plenty of buys at full ask 275p
By the way of the last trades, it looks like the 275p offer is ready to go
but maybe the bid will go to 270p first.
Market Makers are short of stock as 2 small buys and every time a MM moves up their price and now more at bid 270p
11:27:48 275p 286 £786.50 - PEEL up
11:20:18 275p 362 £995.50 - WINS up
Bid has gone to 260p and now paying full ask 265p, after a few good size buys earlier
255 v 265p +15p
Look what happens when there are no shares on the Market....
A buy of 2,000 @ 260p just above the MM size 1,500 and 2 MMs gone from the offer and one goes to bid....
09:05:33 260p 2,000
"Take advantage of share price weakness to buy K3 Capital at a knockdown price. A single digit forward PE and a dividend yield of 7% is way too cheap for this quality outfit."
https://www.sharesmagazine.co.uk/article/take-advantage-of-share-price-weakness-to-buy-k3-capital-at-a-knockdown-price
250 v 260p +10p
Well up from the start with plenty of buying and MMs moving the prices up accordindly
And yet we are DOWN over 28% on the year?? Nuts!
"We are delighted to announce that K3 Capital Group has been named the most active financial adviser in four UK regions.
The Experian Market IQ: Q1 2022 report ranked K3 Capital Group in first place within the South East up one position from last year’s rankings, completing 40% more deals than any other adviser within the region. We also moved from second to first place within the Midlands, in this region our Group completed 29% more deals.
Our Group continued to perform strongly within the East of England which saw us retain our first-place position by finalising 33% more deals than any other adviser in the area.
The area in which we saw the biggest improvement was Yorkshire and the Humber, where we rose from fourth to first place. This massive increase was achieved by completing 14% more deals than our nearest competition.
This report is a clear indication of our Group’s strong performance across multiple regions within the UK. It highlights that K3 Capital Group is within a robust position to continue this success throughout the rest of 2022."
https://www.linkedin.com/feed/update/urn:li:activity:6933027577624207360/
From the "UPS" thread ....
K3C 245p +15p
Everything in the right traction now
Volume, Indicators and Share price
chart with Indicators... https://uk.advfn.com/p.php?pid=chartscreenshot&u=qhmpjL%2FccyqqGEPkBq22%2F4mv%2BLwRK6Atj%2FwwPobFeuI%3D
On LinkedIn this afternoon K3C reported they were the most active financial adviser in 4 UK regions in Q1 2022 so this bodes very well for June's results.
* South East: 40% more deals than any other adviser
* Midlands: 29% more
* East of England: 33% more
* Yorkshire & Humber: Rose from 4th to 1st and had 14% more deals than their closest competitor.
spread 240 v 250p +12.50p
One thing or another, it seems all the points are now in the right place, and any one waiting of the Share price to reach the bottom will realise of it and will get on board now.
TA : MACD just right
Share price: Oversold
Seller: cleared
It looks like the seller has gone with the last large sale of 135,000 @ 230p earlier and the MM has found a buyer for 230.345p.
The important thing is now MMs are short of stock and any 1,000 has been moving each MM now, earlier already was 4 MMs at 230p at bid.
Then 232p bid and already gone to 235p now.