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Sector has done well the last week, catching up with DARK possibly.
What happened here? BOOM - does anyone know?
Nice , is it Cyber software?
Https://moneyweek.com/investments/stocks-and-shares/share-tips/604523/three-aim-stocks-strong-growth-and-tax-relief
"Three Aim stocks to provide both strong growth and tax relief
Each week, a professional investor tells us where he’d put his money. This week: Jonathan Moyes of Wealth Club picks three fast-growing technology stocks.
7 Mar 2022
"Kape Technologies: profiting from internet safety
Kape Technologies (Aim: KAPE) is a leading digital security software provider. It employs 750 people in ten locations across the globe and has a market cap of more than £1bn. This is a good example of a highly scalable, fast-growing technology business in a large and growing global market.
A recent trading update revealed 2021 was a record year, with revenues jumping 89% to $230.5m and gross profits expected to come in at roughly $77m, a 97% increase on the prior year. Two strategic acquisitions in 2021 are expected to help propel Kape’s revenues to more than $600m in 2022 and generate profits of more than $166m."
cyber will do well...where is the bottom
Another £5M buy. I still wouldn't want to be holding at the moment, markets look very delicate to say the least. Have been mainly in cash for 2 weeks
04-Mar-22 11:55:46 366.86708 1,289,567 Buy* 355.00 365.00 5m
cyber security stocks value to both business and individuals never been more important and will only grow globally. Kape's latest trading update reported sales of $230.5m and adjusted EBITDA of $77.0m – 'the revenue figure is materially ahead of previous guidance' ....broker has pre result target of 500p with a very likey upgrade of forecasts post results .
https://twitter.com/surprised_trade/status/1499653898499461123
Yes, big time - what a run DARK has had recently
Darktrace news is helping today, nice
Looks like the silly season is over and the bounce has well and truly begun.
In 2022, consumers will be affected more than ever before by cyber threats.
Advanced Threats Against Consumers
Many cybercriminals are leveraging what they’ve learned from attacking enterprises and are starting to employ those skills to attack the general consumer
As 2022 beckons, changing perceptions of where the general consumer lies in the cyber food chain has never been more relevant. More knowledge, a greater understanding, wider availability of antivirus solutions and proper provisions should enable us to combat the ever-changing tides of cyber threats.
https://www.forbes.com/sites/forbestechcouncil/2022/02/04/three-cybersecurity-predictions-that-will-affect-consumers-in-2022-and-beyond/?sh=3bd83beb5fa4
Been away on hols, and surprised to see the share price at these levels. Good to se a bounce this afternoon.
Both Shore Capital and Progressive forecast around 41c EPS this year. That's just over 30p EPS - which at 326p leaves KAPE on a current year P/E of only 10.8.
Bargain time imho.
https://twitter.com/surprised_trade/status/1496470853223071745
just added to holding #KAPE 325p...
thanks Putin !...however, folk will very much need cyber security going forward :-)
new hold (back in) KAPE ...pulled back from 455p, current price offers potential upside with broker target 500p..
https://twitter.com/surprised_trade/status/1495678625139638278
Someone give this a shake please. We’ve gone to sleep!
No idea. Makes no sense at all. I’m buying more at these levels though. It’ll turn.
What happened? Somersaulting downhill at a such a rate. Does anyone know?
At 342.5p, and given Progressive's forecast of 41c EPS this year, i.e around 30.3p EPS, KAPE are now on a current year P/E of only 11.3, which in this sector is ridiculously low.
Profit-taking is understandable, but even in this poor market overall the pullback is now overdone imho.
The markets may be a bloodbath with lots of continuing uncertainty but people still need their cyber security! Opportunities abound for those with spare cash.
Just give it some time. GLA
Shore Capital's note this morning forecasts 40.6c EPS for this year, rising to 46.5c next year, i.e 34.5p EPS. At 415p that's a P/E of just 12.
They conclude:
"Valuation and view
KAPE continues to tick many boxes for investors as a high-growth SaaS business with market leading brands in a global target market and in terms of established market position, market growth, recurring revenues, strong strategic execution and consistent delivery on earnings growth. Additionally the Group provides exceptional midcap exposure to one of the key themes in IT - digital privacy and security. At 408p, which reflects a period of strong share price performance in the past six months, the shares trade on 13.2x EV/EBITDA for FY22F, falling to 11.7x for FY23F. The corresponding P/E ratios are similar. We view the current valuation as attractive on both a relative and historical basis, leaving ample scope for share price performance as results are delivered."
Looks very good.
A confident and encouraging year end trading statement today.
Revenues at $230.5m have far outstripped expectations. KAPE state EBITDA is in line with expectations at $77m, although I note Progressive's latest note at 27/10 has forecast EBITDA at $74.5m, so that's actually a decent beating of their expectations.
And KAPE themselves state that EBITDA was forecast at "US$73-$76 million", so KAPE are being rather modest in stating it was in line :o))
Guidance for this year is $166m-$172m, which leaves Progressive's prior forecast of $167.7m looking slightly conservative against the midpoint.
With 41c EPS forecast for this year, KAPE are looking very good value on a P/E of just 13.7.
Group revenues for the year ending 31 December 2022 expected to be between $610-624 million and Adjusted EBITDA expected to be between $166-172 million.