KBC.L Share Price (KBC)

What a pleasant surprise...and a good premium too. Will see more M&A in the oil sector over the coming months as the world of pain increases.

Wow!

Thanks for the link. I see the price target is 160p. Personally think it's closer to 170p but, hey, what do I know!

KBC Advanced Technologies: Initiation of coverage WED, 4 NOV 2015 2:40AM David Buxton, Analyst, starts his initiation of coverage on KBC. He gives an overview of the company, the new management and their strategic direction and his views on the valuation. http://www.brrmedia.com/event/140636/david-buxton

The overall revenue might be up slightly but EPS and operating profit yr-on-yr are down. They are having to spend more money to attain a decreasing return. I agree that given the current oil market turmoil that they have done well but I would expect them to manage their costs in a better fashion going forward. My mates in the oil game are telling me that the world of pain is getting worse as the big oilies are now slashing budgets with increased vengeance so the refining game might get a tad choppy as the market consolidates. I'll hold for now as the gem in the mix is their consultancy offering.