K3 Business Technology (KBT) has announced it has become one of only 25 companies globally (and the first for Microsoft Dynamics AX for the fashion retail sector) to be included in Microsoft's 'Global Independent Software Vendor' programme - “designed to provide key partners with extensive technical, sales and marketing support, including early insight into the future Microsoft Dynamics AX roadmap and marketing funding”.
K3 Business Technology (KBT) has announced results for its year ended 30th June 2014 and that “with a strong pipeline of opportunities ahead, supported by a stable and profitable underlying business, the outlook for K3 is particularly encouraging”. Good news!
K3 Business Technology (KBT) yesterday announced a £0.61 million “strategic infill” acquisition of Retail Technology Ltd, a ‘Microsoft Dynamics’-based electronic point of sale provider to smaller retailers. That is more good news for a share where we are already 45% ahead on our tip – there is more to come.
K3 Business Technology (KBT) has announced that for its year ended 30th June 2014 “trading in the second half of the financial year across the group has been good and, accordingly, the board expects results for the year to be in line with market expectations”. The shares are, at 216.5p, way up on my share tip on the Nifty Fifty at a 148p offer but still have further to go.
I am normally pretty rude about the prostitute of the research world, commissioned researcher Edison but today I agree with it. Yikes, I must be suffering from sunstroke after a hard morning hacking away at olive trees. Edison reckons that at 209p K3 Business Technology (KBT) is cheap on the back of a trading update and could be worth 250p plus. Having tipped this stock at 148p on my Nifty Fifty website I welcome Edison to the fan club and I agree with its conclusion.
Update: The first ShareProphets City seminar is to be held at Maribelle’s Wine Bar in Clerkenwell on 29th September and will feature myself, Adam Reynolds from Premaitha (formerly Vialogy) (NIPT) and, confirmed yesterday, a presentation by David Bolton of K3 Business Technology (KBT). When we announce the 3rd speaker we will start taking bookings as attendance is limited to 50. So…
In the wake on interims yesterday, commissioned researcher Edison has published a detailed note on K3 Business Technology (KBT) arguing that the shares, now 199p, are worth 229p. The house broker and Tom Winnifrith reckon 255p and 250p respectively are fair.
K3 Business Technology (KBT) has announced results for the six months to 31st December 2013 – emphasising “the early success we can now demonstrate with our new ‘ax|is’ solution, which has been under development over the last 18 months” and that “we believe that there is significant long term potential to accelerate and widen sales as we develop a global channel to market for our AX solutions and release new product, enriched with our own IP and tailored for specific retail market segments”. What does that mean in English?
Shares in K3 Business Technology (KBT), a supplier of IT services to the supply chain industry, have continued their recovery since I last updated on this website HERE. The company has since announced that, after nearly 14 years as Chief Executive, Andy Makeham has stepped down “to pursue new interests”, with the company’s Chief Financial Officer of more than 15 years, David Bolton, taking over.
K3 Business Technology (KBT) has updated that “trading in the first half of the financial year has been in line with management expectations” and that “continuing momentum in the Microsoft UK division and ‘ax | is fashion’ sales, together with the improving performance of the Managed Services division, will help to underpin forecast results for the full financial year”.
K3 Business Technology (KBT) has updated at its AGM that “the group is trading in line with management targets and that opportunities in the retail marketplace have improved, which helps to support the conversion of our pipeline”.
K3 Business Technology (KBT) has announced results for its year ended 30th June 2013 reflecting "very weak markets, especially in the retail sector, at a time of major investment in Project Gemstone, which is delivering a new Microsoft-certified AX solution for the retail market” , but reports that it ended the year "very encouragingly”
Shares in AIM-listed provider of enterprise resource planning software, hosting and managed services K3 Business Technology (KBT) have nudged approaching 3% higher today, to 114p, on the back of an announcement that the company has secured the first phase of a new order for its Microsoft-based 'Gemstone' AX product with “a major UK garden centre chain”. Following my analysis of the company on this website last month – when the shares traded at 101p (see HERE) – the following updates…
Following a warning last week from AIM-listed ‘enterprise resource planning’ software, hosting and managed services company K3 Business Technology (KBT) that “continuing order deferrals combined with the phasing of the software element of new wins mean that K3 will report revenue and pre-tax profits below current market forecasts”, independent ( i.e. paid for) researcher Edison has updated its view on the company...
I have been thinking about this for a couple of days as the profits warning from K3 Business Technology (KBT) is not its first. I think that its management are capable but they clearly operate in a hard sector and this is becoming a habit. And so is it time to call it a day?
AIM-listed K3 Business Technology (KBT), a provider of ‘enterprise resource planning’ software, hosting and managed services to the supply chain industry, is a company I have covered for a number of years.
Following the publication of weak interims in March by tech stock K3 Business Technology (KBT), house broker finncap adjusted its forecasts but argued that the shares were, at 99p, very cheap and actually worth 195p.
