K3 Business Technology Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9613762
Though it is interesting to see the kewill bid, they are a specialist software outfit which can command a more attractive price rather than k3 who operate within the traditional market place.

I think your last post still sums up the situation very nicely. A bid of £2.30 + is the acceptable case. They need to satisfy the institutional participation at £2.05.

The current price has a bid/no bid +/- 50p movement possibility at the end of July. So that's a gamble one can contemplate. Ideal is to hold (assuming one has invested here) and take the upside if it happens, otherwise add to holdings if a bid does not mature this time. It's clear that k3 will be sold at some point in time!

In the mean time, I am watching aviva and man group for dividend opportunity.

I also like watching shanks go up and down as I think a bid will occur sometime.

Best wishes
IB


By impatient_boy ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9613762&action=detail Mon, 07 May 2012 09:52:00 GMT impatient_boy tag:iii.co.uk,2003:tst.9601991 How are you?

Today's news of a bid for Kewill wasn't a surprise - just the timing and price. I think their management have been looking for out for some time. Previous interest suggested 125p or higher. Of course the climate was much kinder then. Since then Kewill results have stagnated, though the company obviously has the potential to get through this "depression".

If Kewill are worth £90m now, what market cap. would you put on K3, who are suggesting continued growth, if only through acquisitions?

Kind regards
IB
By impatient_boy ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9601991&action=detail Wed, 02 May 2012 18:57:00 GMT impatient_boy tag:iii.co.uk,2003:tst.9405021
The half yearly report seems to have done the job of reversing the price falls. Have to say I don't think its particularly the figures that have done this, as they seem to suggest at the operational level profits are flat compared to the same period last year, despite some acquisitions, and revenue growth.

No, it was the words that stated effectively that they had received offers above Claesson's likely level of offer, and are now in consultations with various parties.

To the market this sounds like a slam dunk, to there being in the end some kind of recommended offer.

I suspect if there is a final offer, at the highest it will be in the region of £2.3. or around £60-£66m.

Personally I am not really convinced the formula of financed acqusiitions is a winner, and will run into the brick wall if bottom line performance doesn't improve in line with revenues.. The code for 'investment' for managed services, tends to mean, losing money. So even though a £2.3 doesn't look great against the fairly recent price history, I think the managment may well take it, because the upside in these markets doesn't look so great.

That could be a decent take-out for most investors.

Regards

Muzz By Muzzletoff ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9405021&action=detail Thu, 08 Mar 2012 16:07:00 GMT Muzzletoff tag:iii.co.uk,2003:tst.9393850 http://bit.ly/z7zc2X
06/03/2012
Software services firm K3 Business Technology (KBT) has delivered a robust set of interim results, and has advised that potential bidders should show their hand by 27 March. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9393850&action=detail Tue, 06 Mar 2012 20:57:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9371992 News today was just a bit premature for me. I had considered an increase in my holding pre interims out on 6th March.
I was aware that the sell process would be lengthy. Many sells have been processed recently - presumably by impatient speculators. Hoped for that sub 150p - now unlikely. Oh well, it's only greed on my part. Very happy if the outcome is in excess of £2.30.
I suspect that this takeover phase will come to nothing and that superb dividends will be the order of the day - I wish.
Kind regards
IB By impatient_boy ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9371992&action=detail Thu, 01 Mar 2012 12:41:00 GMT impatient_boy tag:iii.co.uk,2003:tst.9371649 01/03/2012
Fast growing software services group K3 Business Technology (KBT) has received a shot in the arm this morning with the news that it has received a number of bid offers at a level well above its share price.
http://bit.ly/w6NiHn By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9371649&action=detail Thu, 01 Mar 2012 11:47:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9371462 9:04 am by Sergei Balashov
http://bit.ly/xWHoBz By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9371462&action=detail Thu, 01 Mar 2012 11:20:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9370031 1st March 2012
http://bit.ly/yEenmh By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9370031&action=detail Thu, 01 Mar 2012 07:25:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9335536
I think apart from the commodities market there isn't much juicy M&A activity. I don't expect to see some for a while.

At some point someone will see profitable Companies on low ratings, generating cash, and will make a move. But its hard to see too many takers out there at the moment.

Among the junior commodities set, its a different kettle of fish, as the bigger players are awash with cash and showing strong profits.

Maybe your XEL will come good too!

Best

Muzz



By Muzzletoff ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9335536&action=detail Wed, 22 Feb 2012 16:47:00 GMT Muzzletoff tag:iii.co.uk,2003:tst.9304279 I'm trying to be patient here. There seems to be a constant trickle of small sells which hopefully may lead to the price drifting back to a suitable buy in price. I suspect some punters are getting bored with the lack of information. I did ask whether a pre 6 mth statement would be forthcoming as with last year. Seems to have been overlooked due to recent events. It would be nice to have a gut feeling on this one, as to whether anyone is showing an interest. Still cheap IMO. Hope you are keeping well. I have XEL on my brain at the moment, hoping it will get me smiling again.
Kind regards
IB
By impatient_boy ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9304279&action=detail Thu, 16 Feb 2012 18:41:00 GMT impatient_boy tag:iii.co.uk,2003:tst.9255011 Monday, February 6, 2012 - 00:00
http://bit.ly/ye7BOl By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9255011&action=detail Mon, 06 Feb 2012 16:53:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9236569
Understood. All comments here are conjecture as far as I am concerned. The only people who know the various motivations and facts are of course those in the Company themselves. We are just the mushrooms:-)

However, as you can probably tell I am generally less trusting after the extended accounting period episode which according to my analysis disguised a loss situation that would have been apparent in the normal reporting cycle before it was extended.

So in my cynical eyes, there is bit of form for the occasional odd event occurring which merits closer analysis. This could be another one of them as this one don't really seem to make sense either?

Best Muzz By Muzzletoff ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9236569&action=detail Wed, 01 Feb 2012 16:39:00 GMT Muzzletoff tag:iii.co.uk,2003:tst.9231781 Tue, Jan 31, 2012 at 5:30 PM
http://bit.ly/z9kaLZ By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9231781&action=detail Tue, 31 Jan 2012 16:53:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9229997 Appreciate your reservations.
Just to clarify my last post in which my wording may have appeared rather factual.
The comments I posted were NOT in any way based on factual evidence. They were all my thoughts and guesses.
Kind regards
IB
By impatient_boy ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9229997&action=detail Tue, 31 Jan 2012 12:08:00 GMT impatient_boy tag:iii.co.uk,2003:tst.9227051
Personally I think it would be pretyy dubious for a board member to place an offer that they did not intend to make or had other motives for e.g raise the share price, or advertise for sale. Sometimes I think people think they can play such games, on the premise that they think are being clever, but usually they come unstuck.

I have seen a few companies go through 'strategic reviews'. Rarely does this end well for shareholders. This is because most markets are dead at the moment, and shareholders are unlikely to see immediate premiums.

The management motive can become confused. In a market quoted vehicle in buoyant mode, they may want to emphasise profits, but when it doesn't suit them,.and they are looking to take out shareholders, suddenly they can look to downplay profits, to depress the shareprice.

I suppose a strategic review could say that they will not make further acquisitions, but will generate cash and return it to shareholders, pending either a market upturn or a sale premium. They can do this by buying shares or returning increased dividends or both.

But a lack of acquisitions does expose the bottom line.

Anyway, we shall see what we shall see, and of course we can hope for some good stuff!

Best

Muzz


By Muzzletoff ]]> http://www.iii.co.uk/investment/detail?code=cotn:KBT.L&display=discussion&id=9227051&action=detail Mon, 30 Jan 2012 16:48:00 GMT Muzzletoff