Member Info for W13Ken

"Another technology business I would buy for my portfolio of penny stocks is Seeing Machines. This Aim-listed provider of advanced computer vision technology reported an 18% increase in revenues for its 2021 financial year.

It has plenty of money to fund further product development with $48m of cash on its balance sheet at the end of June.

I like this company because it has a long runway for growth in front of it. Revenues totalled just $47m last year, but it has $900m of revenue potential in the pipeline. This could signify a “step change” in growth."

https://www.fool.co.uk/investing/2021/08/10/5-penny-stocks-to-buy/

Nick, you should be out of the red come the end of September (FY results released on Sept 22nd last year) as we already know the results are 'exceptionally strong'. In fact, K3C normally are on the conservative side which is why they upgraded their targets on a few occasions last year.

There's a favourable mention for K3C today in an update on the Diverse Income fund's performance:

"The second best contributor was K3 Capital, a multi-disciplinary group of professional services businesses advising small to medium enterprises on matters such as Mergers and Acquisitions. Although volumes were weak at this time last year, K3 Capital scaled up its operations via two complementary acquisitions at a time when corporate valuations were low. Subsequently, as SME transactions have recovered, the combined business has gone on to generate much greater cash surpluses than previously anticipated. K3 Capital enhanced the return of the Company by 1.9%."

https://quoteddata.com/2021/08/diverse-income-approach-pays/

Nick, I think you will be out of the red after the end of September. I'm really confident that the share price will pick up again after the FY results are released. My second biggest holding after Draper Esprit.

Diverse Income Trust news this morning:
"The second best contributor was K3 Capital, a multi-disciplinary group of professional services businesses advising small to medium enterprises on matters such as Mergers and Acquisitions. Although volumes were weak at this time last year, K3 Capital scaled up its operations via two complementary acquisitions at a time when corporate valuations were low. Subsequently, as SME transactions have recovered, the combined business has gone on to generate much greater cash surpluses than previously anticipated. K3 Capital enhanced the return of the Company by 1.9%."

https://quoteddata.com/2021/08/diverse-income-approach-pays/

https://cleantechnica.com/2021/08/06/impaired-driving-detection-systems-get-a-boost-in-new-infrastructure-bill/

340p/350p, yes that's not helping liquidity

Anyone else watching this K3C chat? Looks like 90% of "recent" posts were from me.

Although the K3C sp has been crab-like of late, still very confident they are growing fast. FY results out towards the end of Sept. The TU said results were 'exceptionally strong^ so I'm expecting reratings. There was a strong climb after last September and the acquisitions of randd and Quantuma.

My forecast is 500p+ in 2022, if not later this year. Fair value is 831p on Simply Wall Street.

"The International Finance Corporation (IFC), a member of the World Bank Group, invested USD 10 million in FintechOS, a global technology provider for banks, insurers and other financial services companies founded in Romania."...

"Earlier this year, FintechOS, founded by Romanian entrepreneurs Teodor Blidarus and Sergiu Negut in 2017, raised USD 60 million in Series B funding. The round was led by Draper Esprit..."

https://www.romania-insider.com/fintechos-10-mln-ifc-aug-2021

https://www.drapersonline.com/insight/the-industry-view/sosandar

Good to see more articles about female Good Morning Britain presenters wearing Sosandar...

https://www.hellomagazine.com/fashion/celebrity-style/20210804118937/kate-garraway-sosandar-dress-matching-shoes-good-morning-britain/

I don't have full access to this article but it's on the Wall Street Journal Pro pages. As per another Tech Crunch article: "And yet we can’t come up with a single U.S. venture capital firm, for example, that has publicly listed in the same manner as Draper Esprit or Forward Partners."

Maybe US investors are buying into GROW?

https://www.wsj.com/articles/vc-daily-draper-esprit-move-may-give-retail-investors-startup-exposure-11628085128

https://ca.finance.yahoo.com/news/why-draper-esprit-doubled-down-134901590.html

It's a bit more than that but that doesn't sound unreasonable for a well-run fast-growing company aimed at a well-targeted and underserved market. The branding and marketing is strong and it could be takeover target in the future.

* Fair value at Simply Wall Street is 88p using the Discount Flow Model i.e. MCap £150m+
* Selling well through the 274 lines at John Lewis: https://www.johnlewis.com/brand/sosandar/_/N-1yze4xu
* Also immediately in profit through the 141 lines at M&S: https://www.marksandspencer.com/l/brands/sosandar
* Also making money from day 1 at Next: https://www.next.co.uk/shop/gender-women-productaffiliation-clothing/brand-sosandar-story-brandedfashion
* They pay commission for these but the partners pay for returns and associated costs
* A great team with relevant experience, fashion inside knowledge and good statistical analysis on product lines: https://www.piworld.co.uk/company-videos/sosandar-sos-full-year-2021-results-presentation/

289p was the low in March 2020 and look where we are today.

HellasVerona, I'll quote my previous comment on Trustpilot:

Trustpilot:
"The IPO announcement suggests £78.3m banked so far, retention of remaining shares till at least September and 7.9% retained of 1.63billion = £128m. I make that £206m from their initial £29.7m investment!"

I worked out out that just the Trustpilot and Revolut rises had added 90p to the NAV since March Year end. More to come...

Steph, if you're going put nearly all your eggs in one basket then this is the basket to go for :-) This is also my #1 holding by far.

Great rise today. Perhaps the Telegraph and Times stories helped and many of their readers don't normally look beyond funds and the FTSE 100.

A new article in The Times published online, behind a paywall again, with an interview with Martin Davis about how his military background has helped him with the Draper Esprit CEO role and other leadership roles. Should be in Saturday's paper.

What with this and the Telegraph interview this morning there looks to be a raising of the profile of the company which can do no harm. It would be good to get some more buyers onboard to consolidate in the 1000's.

https://www.thetimes.co.uk/article/draper-esprits-boss-brings-military-precision-to-venture-capital-investing-xsjfk2dnh

https://www.hellomagazine.com/fashion/celebrity-style/20210730118621/ranvir-singh-black-denim-dress-sosandar/

It's been a fast climb but more to come I think. Simply Wall Street has Fair value at 88p. Sosandar are targeting an underserved market - not teens/20's but not wanting to dress for the retirement home just yet.

Summary of K3C's position so far in Financial advice and M&A regional news fof the first half of this year. Got to be due an upgrade soon as revenue is soaring.

Midlands Financial Adviser: #1 (33 deals)
North West FA: #1 (30 deals)
South East FA: #2
South West FA: #4
Wales FA: =#2 (5 deals)
Yorkshire & Humber FA: #1 (17 deals)

In the NW they beat Peel Hunt, PWC and KPMG in the table.

https://www.insidermedia.com/news/north-west/most-active-h1-2021-advisers-revealed