Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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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
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%).
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.