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K3 Business Technology Group Information
Share Price Information for K3 Business Technology Group (KBT)
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Share Price:
95.50
Bid:
94.00
Ask:
97.00
Change:
0.00 (0.00%)
Spread:
3.00 (3.191%)
Open:
95.50
High:
95.50
Low:
95.50
Prev. Close:
95.50
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Mon, 07th Mar 2011 15:44
Recurring revenue was the recurring theme for enterprise resource software firm K3 Business Technology as it unveiled its interim results.Revenue in the six months to 31 December was up 5% at £24.67m from £23.52m in the second half of 2009, though this included a contribution of £1.22m from two acquisitions made in the group's second quarter, and contributions from acquisitions made earlier in 2010.The group reported strong sales to existing customers, to the benefit of its margins, while the K3 customer base expanded to around 1,800 from about 1,500 at the end of 2009. Recurring revenues account for around 44% of the total sales for calendar 2010.Profit before tax rose 8% to £4.23m from £3.91m the year before. "Results were supported by the high levels of recurring income the group enjoys from annual software licence and support renewals across our very large customer base," said Tom Milne, chairman of K3. "We made good progress in the first half with our Managed Services Division and, as we continue to expand, the development of our Managed Services activities will remain a major focus. We believe that there is large untapped demand across our customer base for these services and, as we add new customers across the group, we are finding there is a ready opportunity to sell our Hosting and Managed Services offering," Milne added. Having highlighted the contribution made by recent acquisitions, the company said it has flashed the cash again and bought Sense Limited, a provider of Microsoft Dynamics AX enterprise resource planning solutions to the manufacturing and distribution markets.The total initial consideration for the acquisition is £1.2m in cash. In addition, a payment of £350,000 is being made in respect of surplus cash in the business at completion. Further consideration of up to £0.9m is payable dependent on certain performance criteria. For the year to 31 December 2010, Sense generated sales of £1.8m, of which around 33% are recurring revenues, and an underlying operating profit of £0.3m.K3 has not declared an interim dividend but the board expects to make a pay-out in respect of the full year.
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2 Aug 2013 16:07
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The FTSE AIM All Share Index ends up 0.2 percent, while the FTSE Small Cap Index climbs 0.3 percent, outperforming the blue-chip FTSE 100 , off 0.5 percent. Toy company Casdon Plc rises 5.6 percent after the company posts higher profits. K3 Business Technology Group Plc rises 1.3 perc
Read more25 Jun 2013 08:16
STOCKS NEWS EUROPE-UK small caps flat, AIM firmer in early trade
UK small caps trade flat, while the broad AIM index adds 0.3 percent in morning deals, both lagging gains of 0.6 percent on the mid-caps . AIM-listed K3 Business Tech, which provides software and other services to the supply chain industry, drops 8.7 percent on news that, despite some majo
Read more18 Jan 2013 10:49
K3 warns pre-tax profits will be below market forecasts
AIM-listed software firm K3 Business Technology Group expects to generate pre-tax profits below current market forecasts, according to trading update for the financial year ending June 30th 2013. In a statement issued Friday morning, the company, which provides Enterprise Resource Planning software
Read more1 Nov 2012 16:01
Barclays Chairman boosts stake after results fail to impress
Sir David Walker, the newly-installed Chairman of Barclays, has swelled his stake in the company with the addition of 50,000 shares just one day after the company delivered a rise in adjusted third-quarter pre-tax profit. Walker added 50,000 shares at 230.19p each, taking his share in the company
Read more18 Sep 2012 09:29
K3 Business Technology pulls out of formal sale process
Software firm K3 Business Technology Group has terminated its previously announced formal sale process with immediate effect, after deciding that the proposals it had received are not at 'a level that would be acceptable to shareholders and are therefore not recommendable by the board'. The news ca
Read more1 Mar 2012 10:30
Small caps round-up: K3, Densitron, Innovation...
Software firm K3 Business Technology Group has received a number of indicative proposals at levels materially higher than the current share price, which it will explore these under a formal sale process and is now consequently in an offer period. Shares in the firm leapt 21.75 percent to 187.50p.
Read more20 Dec 2011 08:21
K3 buys retail software firm for £1.3m
AIM-listed software firm K3 Business Tech has acquired Retail Systems Group (RSG) for £1.28m, a provider of Microsoft Dynamics 'Retail Management System' to retailers in the UK and Ireland. K3 said that this deal gives it access to the "significant market for smaller retailers." RSG has around 200
Read more25 Jan 2011 13:06
Strong first half for K3
Enterprise resource software K3 Business Technology says that its underlying operating profit will be much higher in the six months to December 2010. Edison Investment Research estimates that continuing interim revenues will be flat but there will be some growth in profit. The rest of the profit i
Read more23 Dec 2010 13:33
K3 buys software business
Enterprise resource planning software provider K3 Business Technology is acquiring the Sage 200 business of FD Systems for £1.25m in cash. The Sage Line 200 suite of business management software provides enterprise resource planning for small and medium?sized companies. The business generates an
Read more23 Dec 2010 13:25
Broker tips: Micro Focus, K3, Hightex
Investors spooked by the chairman of Micro Focus, Kevin Loosemore, selling a third of his shareholding in the business software maker might feel a lot more sanguine about the company's prospects once they know the circumstances behind the sale, Panmure Gordon reckons. "Mr. and Mrs. Loosemore have j
Read more23 Dec 2010 13:23
Broker snap: K3 deal offers cross-selling opportunities
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 tota
Read more18 Nov 2010 18:21
Managed services buy for K3
K3 Business Technology has made its latest move in the managed services sector through the £1.7m purchase of Panacea. K3 will also pay off a £500,000 overdraft. Hampshire-based Panacea made an underlying operating profit of £0.57m on annual revenues of £9.58m. Annual recurring revenues are £4.5m
Read more13 Jul 2010 07:24
K3 Business Technology 12, 18 Mos Trading In Line With Market Views
LONDON (Dow Jones)--K3 Business Technology Group PLC (KBT.LN), a computer software and consultancy company, announced Tuesday that results for the 12 and 18 month periods ended Jun. 30, are anticipated to be in line with market expectations. MAIN FACTS: -Despite the difficult economic backdr
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