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Share Price: 96.00

Bid: 95.00

Ask: 97.00

Change: 0.00 (0.00%)

Spread: 2.00 (2.105%)

Open: 95.50

High: 96.00

Low: 95.50

Prev. Close: 96.00

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Broker snap: K3 deal offers cross-selling opportunities

Thu, 23rd Dec 2010 13:23

The latest acquisition by Microsoft based business solutions provider K3 Business Technology should be earnings enhancing and drive growth in recurring revenues, Edison Investment Research reckons.K3 has acquired certain assets of FD Systems Ltd, specifically its Sage 200 business unit, for a total consideration of £1.25m. The deal adds around 330 Sage 200 customers to K3's existing customer base, Edison notes, and opens up the opportunity for some cross selling.The research house has revised its forecasts for K3 as a result of the acquisition, bumping up forecasts revenues by 2.2% for fiscal 2011 (FY11) and by 3.7% for fiscal 2012 (FY12). " We estimate that the deal will be earnings enhancing, driving increases of 2.3% and 4.2% respectively to FY11 and FY12 normalised earnings per share. We estimate the deal will increase K3's net debt position from £11.5m to £12.8m at the end of FY11 and £8.0m to £9.0m at the end of FY12," Edison said.Based on these revised estimates K3 trades on a price/earnings multiple "towards the low end of its peer group". "We believe that K3 can continue to re-rate if it can successfully integrate recent acquisitions and cross-sell hosting services to the newly acquired customer bases," the research note concluded.

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18 Oct 2016 10:18

K3 Business Technology appoints Robert Price CFO

(ShareCast News) - AIM-listed K3 Business Technology appointed Robert Price as its new chief financial officer on Tuesday, the latest in a number of senior management changes. He replaced Brian Davis who had been with the company for nine years in a number of financial roles. Price, a qualified cha

18 Oct 2016 07:53

K3 Business Technology Taps Robert Price To Be New Finance Chief

23 Sep 2016 07:58

K3 Business Tech appoints Adalsteinn Valdimarsson CEO

(ShareCast News) - AIM-listed K3 Business Technology, which provides cloud solutions to the retail, manufacturing and distribution sectors, appointed Adalsteinn Valdimarsson as chief executive from 1 October, amid a wider reshuffling of its top ranks. Current chief executive David Bolton will take u

14 Jul 2016 09:19

K3 Business Technology Trading In Line With Market View

4 Jul 2016 11:57

K3 Business Technology buys Merac for £1.27m

(ShareCast News) - K3 Business Technology, a software provider to the retail, manufacturing and distribution sectors, has bought Merac for £1.27m, to enhance its presence in the leisure and visitor attractions sector. The initial consideration for Merac, an author of electronic point-of-sale and man

4 Jul 2016 07:18

K3 Business Technology Boosts Leisure Sector Exposure With Merac Buy

25 Apr 2016 07:58

K3 Business Technology Raises GBP13.5 Million To Buy DdD Retail (ALLISS)

21 Mar 2016 11:30

K3 Business Technology Profit Up On Higher Margin Sales Mix

20 Jan 2016 10:30

K3 Business Technology On Track To Hit Market Expectations

9 Dec 2015 09:12

K3 Business Technology Says Trading In Line, December Progressing Well

2 Dec 2015 16:08

AGM, EGM Calendar - Week Ahead

3 Nov 2015 10:02

K3 Business Technology Group wins second major German contract

(ShareCast News) - K3 Business Technology Group has won a major contract with one of Germany's largest online fashion retailers. The AIM-listed software and hosting provider announced a deal with K-Mail Order for its "axlis fashion" solution. It will help the retailer to strengthen its product deve

3 Nov 2015 09:00

K3 Business Technology Wins Contract With Germany's K-Mail Order

18 Sep 2015 16:06

DIRECTOR DEALINGS SUMMARY: Morrisons CEO Buys Shares Amid Turnaround

18 Sep 2015 14:57

Morrison boss puts money where his mouth is

(ShareCast News) - After a turbulent couple of weeks for Morrison, David Potts is putting his money where his mouth is. The chief executive has purchased £0.5m worth of shares in the supermarket - a total of 314,881 shares. It comes after a few grim announcements, including a 35% drop in first-half

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