K3 Business Technology (KBT) has announced a 140p per share conditional placing to raise a gross £7.5 million and an associated open offer to raise up to £1 million, with October-commenced CEO Adalsteinn Valdimarsson emphasising this as it “enables us to operate with full flexibility as we make strategic decisions”. This following recently another profit warning. Hmmm…
K3 Business Technology (KBT) has updated that it “now believes that the results for the year to 30 June 2017 will be significantly below current market expectations” as “certain large Enterprise contracts have not been secured as expected”...
Updating previously on K3 Business Technology (KBT) in January, we noted a most disappointing profits warning. This is now reflected in announced results for the company’s half-year ended 31st December 2016 – about which we have now spoken to management…
Having been tipped at a 148p offer price at the start of 2013, shares in K3 Business Technology (KBT) have more recently exceeded 350p. However, they are currently back to circa 240p following a disappointing“Trading update” announcement.
K3 Business Technology (KBT) has updated that “trading in the first four months of the new financial year is ahead of last year” – this in advance of a key selling period of the forthcoming weeks to the end of December.
Orderly business succession is what we like as investors. Folks get old, folks move on and want fresh challenges but well run companies plan for this and do not make a drama out of what does not need to be a crisis.
K3 Business Technology (KBT) has announced that Adalsteinn Valdimarsson, who joined as a NED on 11 July, is to become CEO. Chief Executive Officer, David Bolton will step up to assume the role of Executive Chairman and Lars-Olaf Norell will return to the position of Non-executive Director, as previously announced. This is orderly. It shows K3 is well run. Perhaps that is why we are 133% ahead on this share tip.
K3 Business Technology (KBT) has announced results for its year ended 30thJune 2016 and we’ve had a chat with management. The shares are ahead on the news to 343-352p. Not bad given we tipped this at a 149p offer
Drat. There is that phrase again. Results for the year to June 30th 2016 are expected to be "broadly" in line. That is stockmarket speak for "a near miss". No wonder the shares fell a tad on the announcement to 310-333p. We are well ahead of our 148p offer share tip but down on a few months ago.
K3 Business Technology (KBT) has announced an initial £1.27 million and up to £1.45 million acquisition of Merac Ltd, a provider of an electronic point-of-sale and management system for the visitor attractions and leisure sector…
Steve Moore and I tipped K3 (KBT) at a 149p offer on our Nifty Fifty website and the shares are now 350p bid. Not bad eh? But we are still not selling and to see why listen to David Bolton give a most excellent presentation at the UK Investor Show
K3 Business Technology (KBT) has announced an agreement to acquire Retail Support International ApS (known as DdD Retail), a fashion retail-focused provider of proprietary 'point of sale' technology, as well as a placing to raise £13.5 million gross (£12.8 million net) at 330p per share to fund the acquisition (an initial approx. £7 million) and for additional product enhancement opportunities and working capital.
