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350p takeover offer :-)
Ok, it's a banned word. You should bed able to find it if you're interested. Decent podcast too.
The missing word is **********
Just spotted my first 2023 share tip list and K3C are on it courtesy of Justin Waite @SharePickers.
https://www.**********.co.uk/articles/vox-screens-stocks-john-justin-pick-a-stock-from-the-screen-of-screens-cf5299a/
Expecting a very decent trading update around 12/13th December based on recent results, broker report and management outlook statement..... ''The business has the foundations in place to be recognised as the leading mid-market specialist advisory business to SMEs. The Board remains confident in the outlook for FY23 and beyond, as early indicators show yet another strong year of trading ahead, with a robust pipeline and opportunities to grow." ''creating a Group that we now see as extremely robust throughout the economic cycle ....."we are well positioned to continue this upwards trajectory and early signs looking into the new financial year are encouraging, with revenue across the three business divisions significantly ahead of the same period last year.''
Here's some more from Shore Capital's initiation of coverage of K3C with a Buy and a 410p fair value target price:
In summary:
"K3 Capital, the professional services business advising UK SMEs, has a volume-based approach that is resilient to cyclical downturns. Transformational acquisitions have improved the balance of the business model to provide three distinct service lines (Business Sales, Tax and Restructuring), whilst windfall M&A transactions and big ticket administrations provide significant upside potential to our numbers. We initiate coverage of K3 Capital with a BUY and a fair value of 410p (55% upside)."
"EPS upside potential:
Our numbers are based on predictable, volume based transactions. Therefore, significant upside potential can be driven by windfall M&A transactions and big-ticket administration appointments. Having the ability to advise on higher margin transactions improves K3 Capital profitability and credibility.
Initiate with a BUY: K3 Capital currently trades on FY23/24/25F PERs of 11.5/10.8/9.7x, and EV/EBITDAs of 8.0/7.4/6.7x whilst offering an attractive dividend yield of 5.8/6.4/7.1%. Our analysis suggests it can trade on an FY24F PER of 16.7x to drive a FV estimate of 410p (55% upside)."
Ok thanks
that link didn't work so well...it's the research ....tree site
https://*********************/research/shore-capital/shore-capital-initial-trading-comment-29-november-2022/53_f0692036-62a3-4fc0-9248-e877d294bd08
#1 holding so I love this news but struggling to find it online. Do you have a link?
Cheers surprised - worth pointing out that this is an Initiation of coverage today by Shore Capital, with a Buy and a 410p fair value price target.
Nice one Surprised
https://twitter.com/surprised_trade/status/1597518400359923712
new broker note out, raised target to 410p
K3 CAPITAL^ (K3C, Buy, 265p) – Turning up the volume K3 Capital, the professional services business advising UK SMEs, has a volume-based approach that is resilient to cyclical downturns. Transformational acquisitions have improved the balance of the business model to provide three distinct service lines (Business Sales, Tax and Restructuring), whilst windfall M&A transactions and big ticket administrations provide significant upside potential to our numbers. We initiate coverage of K3 Capital with a BUY and a fair value of 410p (55% upside).
https://twitter.com/surprised_trade/status/1593332484359524353
todays budget will accelerate the difficulties business face K3C growth forecast likely increases as business seeks help restructuring/financing etc. ...raised initial target to 315p+
A nice bit of publicity and money for KBS Corporate as they advised Apprentice winner, Mark Wright, on the sale of his digital marketing agency Climb Online for £10m. A nice cut for KBS before the 30th Nov half-year close.
"Mark Wright, who will continue as a Shareholder of the group, commented: “I couldn’t have sold my business without KBS. When Lord Sugar and I first started being approached from trade buyers, and financials buyer and decided to sell our business we knew in order to have the most structured process and achieve the highest price we needed to work with KBS. We were initially impressed with the marketing materials they put together, the teaser document and IM were professionally written and beautifully designed and they took the time to understand our business to present it in the best possible light..."
https://www.kbscorporate.com/digital-marketing-company-founded-by-the-apprentice-winner-acquired-by-xdna-group/
Interesting to see this suddenly jump today. Tipped somewhere
https://twitter.com/surprised_trade/status/1588150485932032003
recession and the difficulties business face re finance, re-structure etc are driving the increased profits at #K3C. BOE forecast today suggests that #K3C's business will continue to see growth...initial target 300p+
On today's dip I have topped at 260p in ISA and Trading. Expecting them to feature in the top half of the Investor's Chronicle's AIM Top 100 released later today.
More good news is expected. IC are halfway through a Top 100 of AIM companies so this Thursday/Friday K3C are almost certain to be in the Top 50, hopefully high up the chart following their recent research.
A small boost to the share price on the back of the IC article which was very positive. Hopefully, if more people know about the company it will increase liquidity and reduce the spread.
https://pdfs.investorschronicle.co.uk/Simon_IC_Alpha_501469_Oct2022.pdf
https://twitter.com/surprised_trade/status/1585606849134579712
'It pays to seek out companies that are likely to benefit from earnings tailwinds in the current market environment. A below the radar professional advisory service provider that assists UK small and medium-sized enterprises does exactly that....'
https://www.investorschronicle.co.uk/alpha/2022/10/27/make-gains-as-britain-restructures/
https://twitter.com/surprised_trade/status/1579718924652138496
on top of excellent results a new immediate earnings enhancing acquisition
K3 Capital Group plc, a multi-disciplinary and complementary group providing specialist advisory services to SMEs, announces today the acquisition of insolvency practitioner, Chamberlain & Co. ("the Acquisition") for an initial cash consideration of £3.3 million with an additional deferred consideration of up to £1.1 million
The business had turnover of c.£1.6 million and normalised EBITDA of c.£0.8 million in the 12 months to 30 April 2022. The Acquisition is expected to be immediately earnings enhancing.
Management also confirms that in relation to the earn out consideration for previous acquisitions payable for the financial year ended 31 May 2022, the Company has elected to pay 100% of the earn out consideration in cash, rather than satisfying part of the earn out consideration through issuing new Ordinary Shares. A total of £4.4 million has been paid out in cash.
This decision has been made to use its cash reserves in light of the strength of the Company's balance sheet and the Company's view that issuing equity at the current share price is not in the best interest of shareholders.
Telegraph Fund of the Week: Premier Miton UK Multi Cap Inc. Write up on strategy and forecast for Trust. 3rd biggest holding is K3C (2.1%).
Just out from Interactive Investor: Seven AIM shares to own in difficult times.
References BEG and FRP and then...
"M&A and tax adviser K3 Capital Group
K3C also owns business insolvency company Quantuma, which generated 29% of group profit on the back of 21% organic growth last year. Quantuma is expected to generate 11% organic growth in 2022-23. The tax businesses have steady repeating revenues.
The M&A and tax businesses continue to grow despite the tough economic conditions and there will be increasing demand for K3 Capital’s restructuring business. Investors should get a further significant dividend increase this year on the back of rising profit. A total of 15.5p a share in dividends is forecast for the year to May 2023. At 262.5p, the prospective multiple is 12, while the yield is 5.9%.
This company could be more volatile than the others because of the M&A bias, but it is still highly attractive."
https://www.ii.co.uk/secure/my-news-feed/analysis-commentary/seven-aim-shares-own-difficult-times-ii525568