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I think the Capital Markets Day must have gone well. happy i trusted my self and topped up at 188p. gla
Good buying opportunity! Good solid business......will only go up from here.
got my first lot today and hope to stay long. nice rns x 2 GLA
Your opening sentence made me laugh like a drain Brus. Enough even to make one exception and break my self imposed discipline of never posting on LSE forums again. Hee hee! Still laughing; good one!
Thought that was gonna be Adele lyrics for second there. Yeah I agree, very bright future for Kainos, well established company, secure long-term revenue stream and a growing market (to name but a few positives). Any idea why its fallen back over the past weeks? Profit taking perhaps??
Is there anybody out there? Just nod if you can hear me... Currently have a small holding here. Looking to add at some point. Thinking anything sub £2 would be a good top up. Future prospects very bright for KNOS. Just a litlle patience required with this one.
just what I wanted to hear :)
It is per Acute NHS Trust.
Thanks for the info mate. Although, do you know if this is per site or per organisation? 1.8m for the entire NHS seems like a sweet deal for them. Lets hope its per hospital :)
According to Small Company Sharewatch a typical five-year contract has an upfront licence payment of £650,000, a further payment of £650,000 for implementation/handholding, plus £130,000 a year maintenance. It says that's a total of £1.8m so perhaps there's a small discount in there somewhere.
Seen an article about NHS spending earlier as well, could see a nice reaction from the market tomorrow? Maybe this is rock bottom, who the fk knows really :) Although I'm not sure how much more revenue we could expect to get out of the NHS, does anyone know the pricing structure for Evolve (think that's what its called). One off payments or regular / subscription type?
Bound to recover now that I have sold out!, often the way. The share price is pretty much where I would have forecast it to be this evening. Rather taken aback that it fell back by so much earlier in the day. and surprised it has recovered as much as it did from its' low. Unlike yesterdays big fall, today fell back on a lot more sells than buys and a great deal of very small trades. It will be very interesting to see what happens tomorrow after George Os gives his speech,. NHS spending is said to be increased by £4 billion next year I have just heard, so maybe the reaction will be more positive. For those left in here, I hope so. Like you Andyaly, I now have freed up some capital to invest elsewhere should I feel the urge. The market is rather jittery right now and my portfolio has taken another hit today, probably like most others. I have reasonable confidence in what I hold and think there will be some more positive movement generally. Good luck all CM
Very true CM i almost did sell half my holding last week but thought it will be fine how wrong was i! Happy got out with a profit and just going to see what happens with the SP over next week. Yes am waiting for this Santa rally lol but have freed up some capital in case i see anything of interest!
The right time to have sold out Andy was before yesterday of course, but I know what you mean. I set a stop loss this morning before setting off to work of 227p. I did think of raising it when I saw the positive start the share had but left it alone. Then found that my stop loss had been activated at just over 225p. It means I have come away with a small loss overall, which although disappointing is better than hanging in there waiting for sentiment to change, which it may do. I said yesterday that I had an uneasy feeling about today, so I am not surprised at the current share price; it is pretty much as expected. Whether it is justified is another matter altogether. Is this yet another case of investing in a company which has done an ipo of late, only to see it fall back from its high?. Another 8-10% fall back tomorrow Skenny?, hmm, not sure, depends on George I guess. As far as buying back in, well, for me I would want to see some evidence of a recovery in the share price first. With so many other companies vying for our attention then KNOS may not be top of the list. Not a good day again re other shares too. Sometimes we just get days/weeks like that. Maybe there will be a Santa rally for us to enjoy/appreciate. Good luck all CM
I'm not surprised at all tbh, the fundamentals just didn't seem like anywhere near enough to justify the MCAP, even for a tech company. The reason I sold was purely based on the fundamentals, everything else seems to be very positive. Im not sure what way the price will swing, but I think if we see another 8-10% drop tomorrow it will lead to a lot of "original" investors selling out before they make a loss. I think 180p is a reasonable price to expect this week, and if I see it I will immediately start to buy :) gla
Can't help but feel a little puzzled by the past two days. Seems to be a good profitable business picking up new contracts. The report seemed OK. Can understand the questions relating to cut backs, but the sudden drop in share price seems way over done. Can only hope another broker gets on board. Looking towards a long term only hold and a change in sentiment amongst investors.
Looks like i sold just at the right time for once! I think if this gets back to the IPO price i will be buying then! You could be right it could fall to 150 if support completely falls away, as for tomorrow not quite sure what to expect!
yes I still think this will be a highly profitable company, especially when the products gain some momentum across the water. Sitting this one out for a few days, I fear tomorrows losses will be worse and we could see the price back at the IPO
I have sold had some hope that we may see some blue was up almost 3% earlier but it has given up those gains and appears to be heading back into the red. This is still a great company and am sure i will purchase again depending on the price!
If holds.
24 November 2015 4:15am Investec analysts have changed their recommendation for the Belfast-based Kainos Group from “buy” to “hold” on the same day that the IT company reported £6.8m in pre-tax profit for the first half of the year. It was the firm’s first set of results since its initial public offering (IPO) in July. Investec’s team said it was a strong set of results for the firm, but they are “conscious of the digital services gross margin mix and the upcoming Government Spending Review”.
Thanks for the post Andy. I think you are absolutely correct about the spending review having a possible effect. After such a drop today I am not sure there will be a bounce tomorrow, I think the share price needed to have seen some recovery during the afternoon. I have spent some time just now looking at the figures in the RNS. I think what may have worried the market is the cash flow position. Net cash from operating activities for the 6 months to 30 Sep 15 is shown to be £2.966m from £7.749m the corresponding period last year. There has been a net decrease in cash of £7.079m in the 6 months to 30 Sep 15 and with cash and cash equivalent down by around £2.2 m over the equivalent period last year. Trade receivables are also high. It is all rather confusing for me I have to admit. Investec downgrading to hold from buy won't have helped, you are right. Maybe 250p is a far more realistic figure for KNOS. All my profit has been wiped out by todays reaction and there was little I could do about it. When it was recovering I thought it may end the day around 260p so did nothing. The next chance I had to realistically take any action it was on its knees again. I may well sell out tomorrow with nothing worse than breakeven. Shares that fall by this amount on one day have a habit of falling back the next day although by a far less %. So, break even is no win, no loss. Uneasy feeling about tomorrow. Feel any rebound will be small and odds are more on a further fall. Spit, spit and spit again. All very well running profits but perhaps I have fallen over them this time and should have set a price at which I should have sold out at. Another lesson learnt perhaps?. Good luck and regards CM
Hi CM, I am very much in the same position as you past 6mths have been tough! I had a number of spreadbets on KNOS but was stopped out around mid-day so took a small profit, still own some shares that i purchased around 190 so still in profit there as well. Todays drop was unexpected i felt there may have been a drop of 6% and after early trading down 12% it then recovered were i thought it would stay. Was pretty shocked to end the day down 18.5% and stopped out! Am not sure whats next for KNOS will it bounce tomorrow or slip back towards 200/205 the spending review on Wednesday may hit sentiment with the cuts to Governement spending as well. For me i think the key today was Investec downgrading to hold from a buy and price target of 250 when it started the day around 280!!! If that had not happened i believe we may have seen a drop but prob less than 10%. If tomorrow does not rebound i will prob sell rest of my holding but look to rebuy aorund the 200 mark if looks like going that far. I believe 2nd half of the year will be better than the first as well!