petob
- 14 Jan 2005 11:23
Hi,
I'm new here.
Has anyone any recent news on KBC Advanced Technologies.
They certainly have modernised their website.
petob
- 24 Jan 2005 17:10
- 2 of 85
10 Jan. - Gartmore Investment Management purchased 3,560,000 shares.
24 Jan. - Fidelity International Limited purchased 478,588 shares.
A number of institutions have building up their holdings over the last 6 months since they won the arbritration.
http://pet_ob@latinmail.com
moneyplus
- 24 Jan 2005 17:31
- 3 of 85
Looks interesting-tell us about the company what do you know about it. cheers MP
petob
- 25 Jan 2005 23:39
- 4 of 85
goldfinger
- 11 Oct 2010 14:38
- 5 of 85
Brokers following with BUY recos......... Forward P/E to 2011 of just 7.5 way too cheap imo.
KBC Advanced Technologies PLC
FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Brewin Dolphin
07-10-10 UREV
Cenkos Securities
07-10-10 BUY 4.92 5.20 1.80 5.77 6.20 2.00
Arbuthnot Securities
06-10-10 BUY 5.13 5.90 1.60 5.22 6.00 1.60
FinnCap
14-09-10 BUY 5.10 5.80 1.60 7.00 8.10 1.80
2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 5.08 5.54 1.75 6.18 6.88 1.91
1 Month Change -0.19 -0.51 0.06 0.70 0.53 0.08
3 Month Change -0.19 -0.51 0.06 0.70 0.53 0.08
GROWTH
2009 (A) 2010 (E) 2011 (E)
Norm. EPS 2.50% -14.16% 24.19%
DPS 70.59% 20.41% 9.22%
INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)
EBITDA 6.48m 5.95m 7.12m
EBIT 5.44m 4.70m 4.79m
Dividend Yield 2.79% 3.36% 3.67%
Dividend Cover 4.45x 3.18x 3.61x
PER 8.05x 9.38x 7.55x
PEG 3.22f -0.66f 0.31f
Net Asset Value PS 33.51p 53.80p 57.10p
goldfinger
- 12 Oct 2010 12:51
- 6 of 85
KBC ADV. TEC
Certainly bullish from a TA perspective with a breakout through the ceiling of the uptrend channel in place..........
Bullshare
- 11 Jan 2013 10:13
- 7 of 85
KBC Advanced Technologies to showcase at the London Innovators and Investors Forum
It is our pleasure to invite you to attend the forthcoming Innovators & Investors Forum on the 29th January 2013 at the Business Design Centre, London. This will be an exclusive invitation only event organised by Shares Magazine and Cenkos Securities.
As an active private investor, we are sure you would appreciate this unique opportunity to receive privileged access to 30 diverse, forward thinking and energetic technology companies at a single event.
Many of the exhibiting companies are currently involved in some very exciting projects in an effort to drive future growth, and development within their industries.
The event will be supported with an extensive conference program, including keynote speakers and company presentations.
We sincerely hope you are able to attend and that you find the experience both profitable and enlightening. Companies represented include:
1Spatial
Avanti Communications
Bango
Bond International Software Group
Brady
CML Microsystems
Corac
Cyan Holdings
eg Solutions
Energetix Group
eServGlobal
Forbidden Technologies
Fusion IP
Globo
incadea
InternetQ
IQE
KBC Advanced Technologies
Netcall
Optimal Payments
Plastics Capital
Probability
Quindell Portfolio
StatPro Group
WANdisco
Event time: 12.30pm to 5.30pm
Complimentary refreshments and luncheon provided
To register for this event please
click here
CONFERENCE AGENDA AS AT 09.01.13
(To be updated once presentation speakers are confirmed)
12:30 Registration & Lunch
14:00
Keynote speaker - Richard Penny, Senior Fund Manager - Legal and General
14:15 Shares Magazine presentation - Russ Mould, Editorial Director
14:30 Company presentation - David Richards, President & CEO -
WANdisco
14:45 Company presentation - Henrik Bang, CEO -
Netcall
15:00 Company presentation - Marcus Hanke, CEO -
1Spatial
15:15 Company presentation - tbc
15:30 Coffee Break
16:00 Company presentation - Stephen Blundell, CFO -
eServGlobal
16:15 Company presentation - David Baynes, CEO -
Fusion IP
16:30 Company presentation - Stephen Streater, CEO -
Forbidden Technologies
16:45 Company presentation - Charles Cohen, CEO -
Probability
17:00 Company presentation - Simon Smith, Non-Executive Director -
Cyan Holdings
17:15 Close
This agenda is subject to change and alterations
For further information, please visit our
events page
dreamcatcher
- 06 May 2013 18:59
- 8 of 85
Tipped in IC - 90p within three months target.
As of May 03, 2013, the investment analyst covering KBC Advanced Technologies Plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on May 21, 2012. The previous consensus forecast advised investors to purchase equity in KBC Advanced Technologies Plc.
dreamcatcher
- 17 May 2013 20:07
- 9 of 85
:-))
dreamcatcher
- 23 May 2013 07:21
- 10 of 85
AGM Statement
RNS
RNS Number : 3830F
KBC Advanced Technologies plc
23 May 2013
("KBC" or "the Group")
AGM Statement
At KBC's AGM to be held at 3.00 pm today Ian Godden, Chairman, will make the following statement.
"KBC has made a strong start to 2013 in both its consulting and technology operations.
Good progress has been made on the major four-year contract awarded in December 2012 by a large South American national oil company, with key consulting milestones being achieved. Several multi-year technology contracts have been agreed with international oil companies and we have also been successful in agreeing a material award of a managed services contract with a major oil and gas services company that embeds KBC's proprietary technology across its suite of upstream production software applications.
These developments are underpinned by the Group's continued focus on aligning its resources and the implementation of new management and incentive structures, all of which are designed to deliver profitable growth across the business.
The new contract awards, together with the strong order book at the start of the year and the new operational and cost initiatives, give us confidence in meeting management expectations for the current year as well as in the Group's longer term prospects.
We have today separately announced the appointment of Paul Taylor as a new independent Non-Executive Director of KBC and we have pleasure in welcoming him to the Board. Following this appointment we will be seeking to strengthen our Board further with another independent non-executive director."
- END -
dreamcatcher
- 24 Jun 2013 21:31
- 11 of 85
Director Deals - KBC Advanced Technologies PLC (KBC)
BFN
Oliver Scott, Non Executive Director, bought 70,000 shares in the company on the 21st June 2013 at a price of 77.00p. The Director now holds 6,822,510 shares.
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
dreamcatcher
- 04 Jul 2013 17:02
- 12 of 85
Director/PDMR Shareholding
RNS
RNS Number : 5980I
KBC Advanced Technologies plc
04 July 2013
4 July 2013
KBC Advanced Technologies plc
("KBC" or "the Company")
Directors Dealing
The Company announces that on 4 July 2013 it received notification of the following dealings by a director of the Company and his related parties in the ordinary shares of 2.5p each in the Company (the "Ordinary Shares").
Kestrel Partners LLP ("Kestrel") acquired 130,000 Ordinary Shares at a price of 78 pence per Ordinary Share and 100,000 Ordinary Shares at a price of 76 pence per Ordinary Share on 4 July 2013 on behalf of Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities").
Following the transactions referred to above, Kestrel Opportunities holds 7,102,510 Ordinary Shares, representing 12.02% of the issued share capital of the Company.
Oliver Scott, Non-Executive Director of KBC, is a founding partner of and holds a beneficial interest in Kestrel, the investment manager of Kestrel Opportunities, and is a shareholder in Kestrel Opportunities. Mr Scott therefore has a legal interest in a total of 7,102,510 Ordinary Shares, representing 12.02% of the issued share capital of the Company.
dreamcatcher
- 17 Jul 2013 07:09
- 13 of 85
Pre-close Trading Update
RNS
RNS Number : 4763J
KBC Advanced Technologies plc
17 July 2013
Embargoed until 0700 hrs 17 July 2013
KBC Advanced Technologies plc
("KBC" or "the Group")
Pre-close Trading Update
KBC is pleased to announce the following trading update in relation to the half year results for the six months ended 30 June 2013 that will be released in September.
Since our AGM statement the Group has continued to make good progress. In Consulting we have continued to deliver project milestones and in Technology we achieved further contract awards. Total contract awards for the first half were £32.5m, significantly ahead of the £17.0m achieved in the same period in 2012, and our forward order book remains strong.
Our cost initiatives have progressed to plan in the first half and investment in key growth markets for Technology and Consulting will be a focus for the second half. The Group has also made material progress in aligning management and incentive structures, to improve our ability to deliver sustainable and profitable growth across the business.
Following a strong first half, the Board is confident that it will maintain momentum during the second half and that the Group's performance for the full year will be in line with management's expectations.
-Ends-
dreamcatcher
- 06 Sep 2013 12:47
- 14 of 85
Simon T from IC today - Needless to say, the combination of an imminent share price break-out, potential for earnings upgrades, contract wins, a likely reinstated dividend, and strong profit growth this year and next continues to make KBC a compelling investment opportunity. I rate the shares a strong buy on a bid-offer spread of 77p to 80p and have a one-month target price of 90p. It could prove conservative as analysts at Cenkos have a discounted cash-flow valuation of 100p-plus on the shares. Trading buy.
dreamcatcher
- 13 Sep 2013 07:11
- 15 of 85
Notice of Results
RNS
RNS Number : 9053N
KBC Advanced Technologies plc
13 September 2013
13 September 2013
KBC Advanced Technologies plc
Notice of Half Year Results
KBC Advanced Technologies plc, a leading consultancy and software provider to the hydrocarbon processing industry, will be announcing its half year results for the six months ended 30 June 2013 on Monday 23 September 2013.
There will be a presentation for analysts at 11.00am at the offices of Weber Shandwick, 2 Waterhouse Square, 140 Holborn, London EC1N 2AE.
- Ends -
Oakapples142
- 13 Sep 2013 08:45
- 16 of 85
Any chance of giving this little gem its proper name - called in here by chance I am a significant holder but dont know how to change the thread.
dreamcatcher
- 19 Sep 2013 18:06
- 17 of 85
Petob would have to do that oakapples142 or perhaps money am.
Shares today - oil services minnow KBC Advanced Tech interims 23 Sept should be closely scanned for an update on the continued integration of infochem, progress on this front would be received positively by the market and could drive shares higher.
dreamcatcher
- 23 Sep 2013 16:25
- 18 of 85
Half Yearly Report
RNS
RNS Number : 6059O
KBC Advanced Technologies plc
23 September 2013
Embargoed until 0700 hrs 23 September 2013
KBC Advanced Technologies plc
("KBC" or "the Group")
Half year results for the six months ended 30 June 2013
KBC Advanced Technologies plc, a leading supplier of consulting and software solutions to the hydrocarbon processing industry, today announces its half year results for the six months ended 30 June 2013.
HIGHLIGHTS
- Good operational and financial performance
- Revenues up 15% to £31.7m
- Technology revenues up 77% to £9.6m
- Strong first half profit before tax of £2.9m (H1 2012: £0.7m)
- Earnings per share 4.9p (H1 2012: 1.6p loss)
- £32.4m contract awards in first half (H1 2012: £17.8m)
- Record pipeline of contracted work at £84.7m
Ian Godden, Chairman of KBC, commented:
"The restructuring of the business continues and, whilst there is still much work to do before we achieve our target step-change in profitability, we are pleased with the progress made over the past year. Investments are being made in the Middle East, Former Soviet Union ("FSU"), Latin America and Asia to secure KBC's growth into the medium term. Our strong profit in the first half is a testament to the hard work and dedication of our partners and staff and bodes well for the future. In view of our strong pipeline of contracted work, and good start to the second half of the year, we expect full year results to be slightly ahead of market expectations."
- Ends -
dreamcatcher
- 23 Sep 2013 19:24
- 19 of 85
Shares today - KBC in recovery mode
AIM-quoted KBC Advanced Technologies (KBC:AIM) – a provider of software and consultancy services to the energy sector – gains 1.8% to 85.5p on a strong set of interims. These reveal a record order book of £84.7 million, a 15% increase in sales to £31.7 million and pre-tax profits up 314% to £2.9 million.
The £50 million cap, which has separate Consulting and Technology divisions, has undergone a period of restructuring following a profit warning last September. A poor first half to 2012 – which saw pre-tax profits fall 68.2% year-on-year to £700,000 on higher operating and staff costs – led the group to warn of the impact on the overall performance for the year and to temporarily suspend its dividend.
In the interim it has managed to get things back on track and this is reflected in the year-to-date performance of the shares – up 46.2%.
Web chart - KBC Advanced - Sept 2013
Historically KBC, a running Shares Play of the Week, has been almost exclusively focused on the refining industry but last June’s £9.5 million acquisition of software firm Infochem has created a more diversified model with increased exposure to the upstream oil and gas sector. This is reflected in a 77% year-on-year build to £9.6 million in first-half revenues from the Technology division – which now accounts for 30% of the group total.
In response to today’s numbers house broker Cenkos reiterates its ‘buy’ recommendation and notes a comparison with quoted peers is supportive of the investment case. Based on its forecast 2014 earnings per share forecast of 7.8p, the shares trade on a price/earnings (PE) ratio of 10.9 which it compares with an average 2014 PE for sub-£100 million UK Software and Services firms of 14.9. The company is expected to resume dividend payments alongside its full year results – Cenkos is forecasting a payment of 1.6p.
dreamcatcher
- 23 Sep 2013 19:27
- 20 of 85
KBC to top targets
StockMarketWire.com
KBC Advanced Technologies reported a good operational and financial performance for the half-year to end-June, with revenues up 15% to £31.7m.
Technology revenues were up 77% to £9.6m.
There was a strong first half profit before tax of £2.9m (H1 2012: £0.7m).
Earnings per share were 4.9p (H1 2012: 1.6p loss).
£32.4m contracts were awarded in the first half (H1 2012: £17.8m).
The group has a record pipeline of contracted work at £84.7m.
Ian Godden, Chairman of KBC, commented: 'The restructuring of the business continues and, whilst there is still much work to do before we achieve our target step-change in profitability, we are pleased with the progress made over the past year. Investments are being made in the Middle East, Former Soviet Union, Latin America and Asia to secure KBC's growth into the medium term. Our strong profit in the first half is a testament to the hard work and dedication of our partners and staff and bodes well for the future. In view of our strong pipeline of contracted work, and good start to the second half of the year, we expect full year results to be slightly ahead of market expectations.'
Story provided by StockMarketWire.com
dreamcatcher
- 24 Sep 2013 16:36
- 21 of 85
Simon T today from IC - In my opinion, the combination of potential for further earnings upgrades on the back of additional contract wins, a reinstated dividend, and strong profit growth this year and next continues to make KBC a compelling investment opportunity. As a result, I rate the shares a strong buy on a bid-offer spread of 84p to 85p and have raised my target price to 100p. Cenkos have a discounted cashflow valuation of 100p-plus on the shares. Offering a potential 25 per cent further upside, the shares rate a decent buy and the time-frame for this trade is four months to factor in likely positive news flow from a pre-close trading update in January.
dreamcatcher
- 26 Sep 2013 19:12
- 22 of 85
dreamcatcher
- 30 Oct 2013 15:57
- 23 of 85
Director/PDMR Shareholding
RNS
RNS Number : 7760R
KBC Advanced Technologies plc
30 October 2013
30 October 2013
KBC Advanced Technologies plc
("KBC" or "the Company")
Directors Dealing
The Company announces that on 30 October 2013 it received notification of the following dealings by a director of the Company and his related parties in the ordinary shares of 2.5p each in the Company (the "Ordinary Shares").
Kestrel Partners LLP ("Kestrel") acquired 75,000 Ordinary Shares at a price of 89.55 pence per Ordinary Share on 29 October 2013 on behalf of Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities").
Following the transaction referred to above, Kestrel Opportunities holds 7,378,863 Ordinary Shares, representing 12.48% of the issued share capital of the Company.
Oliver Scott, Non-Executive Director of KBC, is a founding partner of and holds a beneficial interest in Kestrel, the investment manager of Kestrel Opportunities, and is a shareholder in Kestrel Opportunities. Mr Scott therefore has a legal interest in a total of 7,378,863 Ordinary Shares, representing 12.48% of the issued share capital of the Company.
dreamcatcher
- 04 Nov 2013 16:37
- 24 of 85
Simon T of IC today - I also noted that Kestrel Partners, the investment manager of Kestrel Opportunities, has just acquired another 75,000 shares at 89.55p to raise its stake to 7.38m shares in KBC Advanced Technologies
(KBC: 92p), a consultancy and software provider to the global hydrocarbon processing industry. Kestrel now owns 12.48 per cent of the company's issued share capital. Oliver Scott, non-executive director of KBC, is a founding partner of Kestrel and holds a beneficial interest in Kestrel Opportunities. It is fair to assume that Kestrel was given the green light by KBC insider, Mr Scott, before the above transaction took place.
Clearly, Kestrel was impressed by October's bullish trading update from KBC
dreamcatcher
- 04 Nov 2013 16:48
- 25 of 85
Simon T of IC, I have upgraded my earnings multiple driven target price from 100p to 116p within a 3 month time frame.
Oakapples142
- 09 Dec 2013 13:19
- 26 of 85
I am encouraged by the way this stock continues to increase its SP without any fuss or RNS - Simon T looks to be spot on - 116p by 1 Feb looks to be likely.
Petob grateful you change name of BB which will I am sure get more on board
dreamcatcher
- 09 Dec 2013 16:07
- 27 of 85
nice rise today
dreamcatcher
- 11 Dec 2013 17:50
- 28 of 85
Simon T today of IC - Upgraded target price
So with investor sentiment positive, and KBC set to issue what will only be an upbeat pre-close trading statement next month, I feel the current rerating has further to run even though the shares are riding an 11-year high. In fact, I believe that a rating of 15 times 2014 earnings estimates net of that cash pile is not an unrealistic valuation. On this basis, I have again upgraded my earnings multiple driven target price from 116p to 129p. Offering a further 17 per cent upside to my target price, the shares rate a buy on a bid offer spread of 109p to 110p. My time frame for this trade is two months.
Oakapples142
- 12 Dec 2013 08:07
- 29 of 85
Thank you for that - most encouraging
doodlebug4
- 12 Dec 2013 16:42
- 30 of 85
Tipped by The Naked Trader I believe, he must have been reading your posts on this thread dreamcatcher!
dreamcatcher
- 12 Dec 2013 16:48
- 31 of 85
I will have to send him an invoice. lol
mitzy
- 12 Dec 2013 22:15
- 32 of 85
Hammer bottom tonight a good sign.
Oakapples142
- 13 Dec 2013 10:12
- 33 of 85
Dont understand the lingo - but you seem to be right !!!
dreamcatcher
- 13 Dec 2013 14:10
- 34 of 85
KBC Advanced Technologies PLC (KBC:LSE) set a new 52-week high during today's trading session when it reached 116.70. Over this period, the share price is up 177.86%.
Oakapples142
- 13 Dec 2013 14:56
- 35 of 85
Bit of a late starter - found this little gem after research in May 2013 so only up 45% but delighted !! A good statement in Jan may see the 129p.
mitzy
- 14 Dec 2013 12:40
- 36 of 85
More to come I reckon.
dreamcatcher
- 14 Dec 2013 20:03
- 37 of 85
doodlebug4 - 12 Dec 2013 16:42 - 30 of 36
Tipped by The Naked Trader I believe, he must have been reading your posts on this thread dreamcatcher!
Thanks doodlebug4 -
Beat you by a mile Naked trader in at 64p :-))
Naked trader -
So first off is KBC (KBC) where I bought 5,000 at 100 and a few more live at the seminar too a bit higher.
Profit are on the up, and it has cash too. And it's in a good area of the market with plenty of potential to win new contracts and possibly could be seen as a takeover target too.
I think the shares are worth at least 130 but I reckon they have potential to hit 150 in time.
dreamcatcher
- 17 Dec 2013 20:50
- 38 of 85
KBC Advanced Technologies to showcase at the London Innovators and Investors Forum 2014
StockMarketWire.com
KBC Advanced Technologies Plc (KBC) (LON:KBC) will be showcasing their company at the Shares Magazine/Cenkos Innovators and Investors Forum in London on 4th February 2014. This successful event is a one day conference and expo showcasing up to 40 leading technology companies in front of an invited audience of institutional and private investors. Companies present include: Angle, Avanti Communications Group, Bond International Software, Brady, CML Microsystems, Earthport, Enables IT, Escher, Forbidden Technologies, Globo, InternetQ, KBC Advanced Technologies, Optimal Payments, Quindell, Regenersis, StatPro, Transense Technologies and Ubisense. Many more companies to be announced. More details at: http://www.msmconferences.com/event/iif2014
At market close: (LON:KBC) KBC Advanced Technologies PLC share price was +0.5p at 115.5p
Story provided by StockMarketWire.com
mitzy
- 19 Dec 2013 09:21
- 39 of 85
Still a buy imo.
dreamcatcher
- 19 Dec 2013 16:17
- 40 of 85
KBC Advanced Technologies PLC (KBC:LSE) set a new 52-week high during Wednesday's trading session when it reached 118.00. Over this period, the share price is up 120.46%.
Oakapples142
- 20 Dec 2013 10:52
- 41 of 85
Nicely through 121p - can we really achieve 129p (as Simon says) - seems we can
dreamcatcher
- 20 Dec 2013 15:13
- 42 of 85
:-))
mitzy
- 02 Jan 2014 09:34
- 43 of 85
plenty of support.
mitzy
- 13 Jan 2014 19:38
- 44 of 85
Rise is relentless and this time more buying than before.
dreamcatcher
- 30 Jan 2014 07:09
- 45 of 85
Trading Update and Board Change
RNS
RNS Number : 8365Y
KBC Advanced Technologies plc
30 January 2014
Embargoed until 0700 hrs 30 January 2014
KBC Advanced Technologies plc
("KBC", the "Group" or the "Company")
Trading Update and Board Change
KBC is pleased to announce the following trading update in relation to the full year results for the 12 months ended 31 December 2013 that will be announced during March 2014.
Following a strong first half, good operational and financial progress was maintained in the second half. Investment in key growth markets continued with new hires and contract awards in the FSU, Middle East, China and SE Asia. As a consequence, the Board anticipates that results for the year to 31 December 2013 will be slightly ahead of management's expectations.
2014 has started strongly and we are confident that the operational changes implemented over the past year position the Company well for the current year and beyond.
KBC also announces that Caroline Brown, Director and Chief Financial Officer of KBC, will be stepping down from the Board and leaving the Group in early April 2014, after the release of KBC's audited financial results, in order to pursue other business interests. The Company will shortly commence a search for a new CFO and has a transition plan in place until a suitable replacement is found.
The Board would like to thank Caroline for her significant contribution to the progress KBC has made during her time with the Company, which has included a strong improvement in trading, a swift and effective cost restructuring exercise, a large-scale investment in KBC's fiscal and operating structure and enhanced investor relations. We wish Caroline every success in the future.
-Ends-
mitzy
- 04 Feb 2014 09:14
- 46 of 85
sub 100p this morning.
mitzy
- 07 Feb 2014 16:13
- 47 of 85
Booming again @110p.
dreamcatcher
- 19 Feb 2014 16:26
- 48 of 85
Partnership Agreement
RNS
RNS Number : 3699A
KBC Advanced Technologies plc
19 February 2014
Embargoed until 0700 hrs 19 February 2014
KBC Advanced Technologies plc
("KBC" or "the Group")
Partnership agreement to sell and use flare simulation modelling technology
KBC Advanced Technologies plc, a leading provider of consulting and software solutions to the hydrocarbon processing industry, is pleased to announce that it has signed an agreement with Flaretot Limited ("Flaretot") to promote and distribute Flaretot's software suite that analyses the flare relief systems in process facilities such as offshore platforms and refineries to ensure the safe handling of hydrocarbon fluids in an upset condition. This agreement allows KBC to offer Flaretot's software bundled with Petro-SIM™ 5 as a KBC supported solution to both existing and new clients.
KBC can offer this technology for upstream oil and gas, downstream refining and petrochemicals for all flare systems design and operations to meet government pressure system regulations compliance. Flaretot's technology, when integrated with KBC's complete suite of life-of-facility and plant-wide process simulation technology, enables KBC to offer a full range of modelling solutions for all hydrocarbon processing plants, supported by KBC's consulting skills, to provide clients with the insight they need for sustained business performance and safe operation.
The combination of Flaretot's technology with KBC's sales and support channels will expand the market for Flaretot's technology and opens up a wider market for KBC's Petro‑SIM 5 process simulation suite. The combination of the two technologies offers significantly enhanced value as an integrated approach to design and operation of flare systems, bringing both the facility throughput and its safe operating limits together into a sharp focus.
Ian Godden, Chairman of KBC, commented: "This partnership agreement broadens our product and service offering for the delivery of high quality safety and profit improvement services to the oil and gas industry. The combined software suite enables KBC's expert safety services to be standardised to this new platform. Planned integration of Flaretot's technology and Petro-SIM 5 will provide a future one-stop solution for all plant and flare analysis with key differentiators not previously seen in our industry."
- END
dreamcatcher
- 25 Mar 2014 07:11
- 49 of 85
Final Results
RNS
RNS Number : 0600D
KBC Advanced Technologies plc
25 March 2014
Embargoed until 0700 hrs 25 March 2014
KBC Advanced Technologies plc ("KBC", "the Company" or "the Group")
Preliminary results for the year ended 31 December 2013
KBC Advanced Technologies plc, a leading consultancy and software provider to the global hydrocarbon processing industry, today announces its preliminary results for the year to 31 December 2013.
Highlights
· Year of major progress and significant change
· Adjusted profit before tax1 up 45% to £8.4m (2012: £5.8m); reported profit before tax of £7.1m (2012: £3.7m)
· Adjusted profit margin1 increased to 12.9% (2012: 9.2%), the highest for 5 years benefiting from early success of the restructuring programme
· Basic earnings per share improved to 9.5p (2012: loss per share of 2.9p)
· Dividend reinstated; recommended final dividend of 1.0p per share
· Good flow of contracts and healthy year end order book of £78.2m (2012: £82.9m)
· Consulting division turnaround on track
· Continued successful investment in Technology division - new product development and integration of Infochem
· Markets continue to offer exciting international growth opportunities
1 Adjusted for development costs carried forward, amortisation of development costs carried forward, amortisation of acquisition
intangibles, share based payment charges and other items which do not reflect underlying operations (see note 3b)
Ian Godden, Chairman of KBC, commented:
"2013 was a year of major progress and significant success. The business delivered better than expected results and benefited in particular from a number of major project wins, the first significant benefits from the acquisition of Infochem and the restructuring of the overall business to improve operational efficiency and bring new talent in the Group."
"The demand for KBC's services remains buoyant throughout most of the world and we are encouraged by the sustainable improvement in prospects for the North American downstream sector, driven by growth in light, tight oil and gas production. We see substantial and continued opportunities for major work in the high growth markets of the world where we have strengthened our presence."
"2014 has started well and, together with the substantial changes made in 2013, we are confident that the Group is well placed to continue to deliver growth in 2014 and beyond."
-Ends-
dreamcatcher
- 22 May 2014 15:32
- 50 of 85
lacing
RNS
RNS Number : 7641H
KBC Advanced Technologies plc
22 May 2014
Embargoed until 0700 hrs 22 May 2014
KBC Advanced Technologies plc
("KBC" or "the Group")
Placing of 20,869,565 Ordinary Shares at 115 pence per share to raise £24.0 million
KBC Advanced Technologies plc, a leading provider of consulting and software solutions to the hydrocarbon processing industry, is pleased to announce that it has raised £24.0 million via a placing of 20,869,565 Ordinary Shares at the Placing Price of 115 pence per share. The Placing Shares have been conditionally placed by Cenkos, as agent for the Company, with institutional and other investors.
Reason for Placing
As KBC set out in its most recent Full Year Results the demand for its services remains buoyant and its addressable market continues to grow.
KBC's long term strategy is to broaden its technology offering and expand its business further into the upstream sector in order to increase the proportion of technology revenues, both organically and inorganically.
The net proceeds of the Placing will be used to:
· allow the Group to target larger, more capital intensive, higher margin projects;
· continue investment in sales and marketing with the objective of further enhancing revenue and earnings growth;
· continue the Group's two year investment in high growth geomarkets, which commenced last year in China and Middle East and will include the former Soviet Union, Latin America, Northeast Asia and India in 2014 and 2015;
· expand the Group's technology offering to offer a more comprehensive software package across the full spectrum of wellhead, production, oil and gas processing, refining and petrochemicals; and
· continue the Board's strategy to selectively acquire niche software companies that sell into the upstream sector and whose software integrates effectively into KBC's Petro-SIM™ platform.
Summary of Placing
Conditional on Admission, the Company will issue 20,869,565 new Ordinary Shares which will raise £24.0 million, before expenses, and approximately £23.1 million, after the expenses of the Placing. The Placing Shares issued pursuant to the Placing will represent approximately 25.9 per cent. of the Enlarged Share Capital. Dealings are expected to commence on 10 June 2014.
As part of the Placing Kongsberg Gruppen ASA, an Oslo listed company, has agreed to subscribe for 4,032,000 Placing Shares and will have a beneficial interest in 5.0 per cent. of the Enlarged Share Capital following Admission. Kongsberg Gruppen ASA is an international, knowledge-based group that supplies high-technology systems and solutions to customers in the oil and gas industry, the merchant marine, and the defence and aerospace industries.
Ian Godden, Chairman of KBC, commented:
"KBC has made significant financial and strategic progress over recent periods and we see substantial opportunities in high growth markets.
"This Placing provides the funding that will allow the Group to take best advantage of those opportunities, through organic and inorganic investment in our technology offering, the further development of our market reach and an enhanced ability to undertake larger projects.
"We are delighted by the support we have received from current and new investors and in particular welcome Kongsberg Gruppen ASA as a shareholder. Their investment will further strengthen the relationship between KBC and Kongsberg Gruppen ASA with the aim of offering upstream, midstream and downstream customers improved solutions for process simulation."
- END -
dreamcatcher
- 23 May 2014 16:55
- 51 of 85
Director Deals - KBC Advanced Technologies PLC (KBC)
BFN
Oliver Scott, Non Executive Director, bought 160,000 shares in the company on the 22nd May 2014 at a price of 120.94p. The Director now holds 7,538,863 shares.
NOTE: Connected party.
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
mitzy
- 23 May 2014 17:41
- 52 of 85
Remarkable the way its come back since Jan.
dreamcatcher
- 24 May 2014 20:38
- 53 of 85
Shard Capital highlights KBC’s potential
By Shard Capital
May 24 2014, 11:04am
column image
Consulting and software solutions to the hydrocarbon processing industry have been the focus of our discussions this week.
That’s because we advised our clients to buy KBC Advanced Technologies (LON:KBC). On 22 May, the company announced a £24mln fundraising at 115p that our clients participated in, pending approval at the general meeting on 9 June.
The company is a leading supplier of simulation models to major refining companies and a market leader for profit improvements in processing plants. This best-in-class software is used by BP, Shell, Total, Petronas, Chevron, Conoco Phillips and the list goes on.
Numbers for 2013 were solid with revenue up to £65mln, while pre-tax profit nearly doubled to £7.12mln, margins were the best they have been for 5 years and it reinstated the dividend of 1p.
It is now looking to grow the software part of the business as the margins are greater. This should be helped by the £24mln war chest KBC now has to make suitable acquisitions within this sector. It currently trades on a P/E of 12.4. AIM software companies with high recurring revenues trade on average at 21 times so we feel with this shift alone we should see a re-rating.
KBC has historically focused on the downstream refineries and petrochemicals sector but is now looking to move upstream as well, both organically and through acquisition. This makes perfect sense as the 2014 refining capex is $71bn, whereas the 2014 upstream capex is over $700bn.
There are risks of course; any downturn in the oil and gas industry could impact budgets and lead to KBC missing forecasts. The environment is competitive so there is no guarantee that its software will remain best in sector and if the company does make any acquisitions, they will need to be successfully integrated.
Taking these risks into account, we feel that this is a well-run company with a very impressive offering and management team.
dreamcatcher
- 27 May 2014 16:16
- 54 of 85
Director/PDMR Shareholding
RNS
RNS Number : 1006I
KBC Advanced Technologies plc
27 May 2014
27 May 2014
KBC Advanced Technologies plc
("KBC" or "the Company")
Director's Dealings & DTR disclosure
KBC Advanced Technologies plc (the "Company" or "KBC") received notification on 23 May 2014 from Kestrel Partners LLP ("Kestrel") that on 22 May 2014 it acquired, on behalf of its discretionary clients, 100,000 ordinary shares ("Shares") in the Company at a price of £1.21 per share and on 23 May 2014 it acquired, on behalf of its discretionary clients, 25,000 Shares at a price of £1.21 per share.
Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.
Oliver Scott (Non-executive Director of KBC) is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a legal beneficial interest in Kestrel Opportunities' entire legal holding in KBC.
Prior to this purchase of shares, Kestrel on a combined basis indirectly held shares and voting rights over 8,411,497 Shares in the Company.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a legal beneficial interest in) 7,663,863 Shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no legal beneficial interest, hold a further 872,634 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 8,536,497 Shares in the Company, which represents approximately 14.31 per cent of the Company's issued share capital.
Save as disclosed above, Mr Scott is not interested in any further shares in KBC, either directly or indirectly.
This disclosure does not include the 1,500,000 new Shares in KBC that Kestrel subscribed for under the Placing which was announced on 22 May 2014. These shares will only be allotted following approval of the resolutions to be proposed at the Company's General Meeting due to be held on 9 June 2014.
Kestrel's interest in KBC is held through the following nominees:
Holding type
Nominee
No. of shares
% of issued share capital
Indirect
Rose Nominees Limited
7,663,863
12.84%
Indirect
JIM Nominees Limited
872,634
1.46%
dreamcatcher
- 30 May 2014 15:36
- 55 of 85
Director/PDMR Shareholding
RNS
RNS Number : 4354I
KBC Advanced Technologies plc
30 May 2014
KBC Advanced Technologies plc
Director's Dealings & DTR Disclosure
30 May 2014
KBC Advanced Technologies plc (the "Company" or "KBC") received notification on 29th May 2014 from Kestrel Partners LLP ("Kestrel") that on 29th May 2014 it acquired, on behalf of its discretionary clients, 50,000 ordinary shares in the Company at a price of £1.24 per share.
Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.
Oliver Scott (Non-executive Director of KBC) is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a legal beneficial interest in Kestrel Opportunities' entire legal holding in KBC.
Prior to this purchase of shares, Kestrel on a combined basis indirectly held shares and voting rights over 8,536,497 ordinary shares in the Company.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a legal beneficial interest in) 7,713,863 ordinary shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no legal beneficial interest, hold a further 872,634 ordinary shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 8,586,497 ordinary shares in the Company, which represents approximately 14.39 per cent of the Company's issued share capital.
Save as disclosed above, Mr Scott is not interested in any further shares in KBC, either directly or indirectly.
Kestrel's interest in KBC is held through the following nominees:
Holding type
Nominee
No. of shares
% of issued share capital
Indirect
Rose Nominees Limited
7,713,863
12.93%
Indirect
JIM Nominees Limited
dreamcatcher
- 04 Jun 2014 11:08
- 56 of 85
AGM Statement
RNS
RNS Number : 7710I
KBC Advanced Technologies plc
04 June 2014
Embargoed until 0700 hrs
4 June 2014
KBC Advanced Technologies plc
("KBC" or "the Group")
AGM Statement
At KBC's AGM to be held at 3.00 pm today Ian Godden, Chairman, will make the following statement.
"KBC has started well in 2014 and is experiencing good growth prospects in most regions. Latin America, Middle East and North Africa, Russia and Asia continue to underpin our success and North America is providing growth opportunities again after three years of relative stagnation in downstream oil and gas.
We have recently signed a four year, $5.2m software licence renewal for Petro‑SIM™ with one of our major Latin American customers, which further strengthens our relationship with them and reaffirms the value that our technology solutions are able to deliver to our clients.
The successful reorganisation and reconstruction started in 2012 is almost behind us with overheads reduced and the margins in consulting progressing well towards our targets for this year and 2015. We are looking to strengthen our team to reinforce our success in the growth regions and the modernization of our business support systems will require further effort and investment in the medium term.
We have strengthened our Board with the appointment of a new Non-Executive Director, Paul McCloskey, who provides a wealth of experience in upstream oil and gas, and the appointments of executives Andrew Howell, Managing Director of Technology, and Kevin Smith, Managing Partner of Consulting. A highly experienced interim CFO, Andrew Hebb, has been hired until a new long term CFO is found to support the next five years of substantial growth.
Subject to approval on 9 June 2014, we will have raised £24m of new equity to fund the growth, especially in software and upstream consulting. It is particularly encouraging that a number of major new investors have supported this placing. The new monies are largely earmarked for acquisitions of IP rich software companies and will also provide working capital to enable the company to target a greater number of large consulting contracts, a key part of KBC's medium term strategy.
The growth in our markets, together with a healthy pipeline at the start of the year, gives us confidence in meeting management's expectations for the current year and the new investor funding will provide a platform for longer term growth prospects."
- END -
dreamcatcher
- 18 Jun 2014 07:07
- 57 of 85
Strategic Relationship
RNS
RNS Number : 8479J
KBC Advanced Technologies plc
18 June 2014
18 June 2014
KBC Advanced Technologies plc ("KBC" or the "Company")
Strategic relationship
KBC Advanced Technologies plc, a leading provider of consulting and software solutions to the hydrocarbon processing industry, and Kongsberg Gruppen ASA ("Kongsberg") are delighted to announce that they will collaborate more closely in a number of key areas focused on improving production solutions for upstream operators. To reinforce the relationship, Kongsberg made an investment in the recent KBC share placing to demonstrate that they find KBC's growth strategy in upstream oil and gas appealing.
With their existing solutions for process simulation, flow assurance, thermodynamics and production assurance, Kongsberg and KBC will be able to offer a more comprehensive lifecycle solution from concept selection to hydrocarbon transport systems. Kongsberg believes that KBC's approach for flow assurance thermodynamics will be supported by the industry at large and sees that the new investments KBC has made to integrate with reservoir and production technology over time are key to changing industry dynamics. Kongsberg is eager to support this integration strategy of process facilities to subsurface and surface production systems technology and this aligns directly with their own strategy
"The relationship between Kongsberg and KBC will ensure more open collaboration in the upstream oil and gas industry where KBC recognises that Kongsberg's existing Lifecycle Simulation approach creates a strong base from which to deliver more complete solutions" commented Andrew Howell,. Managing Director, Technology at KBC.
"Both companies bring significant consulting capability in technical and operational excellence which will be strengthened to empower oil and gas companies to achieve top level performance in human and asset capital" added Jon Starkebye, Senior Vice President Software & Services, Kongsberg Oil & Gas Technologies.
Whilst it is important for both companies to remain as independent technology and service providers for all oilfield service companies and to work with all of them to deliver value to the operators, Kongsberg recognises the value that KBC has been able to deliver in the downstream refining and petrochemical market segments for many decades and looks forward to working with KBC to recreate similar value for upstream operations.
- ENDS -
dreamcatcher
- 22 Jul 2014 07:10
- 58 of 85
Acquisition
RNS
RNS Number : 9253M
KBC Advanced Technologies plc
22 July 2014
Embargoed until 0700 hrs 22 July 2014
KBC announces acquisition of FEESA Ltd
Further expansion into the upstream oil and gas software and services market
KBC Advanced Technologies plc ("KBC" or "the Group") is pleased to announce that it has purchased FEESA Ltd ("FEESA"), a leading UK-based provider of specialised software and services to the upstream oil and gas industry, for an enterprise value of £10 million plus one million KBC shares, totalling £11.2 million.
The acquisition of FEESA marks the next step in KBC's growth strategy to expand into the upstream oil and gas industry. Key benefits of the transaction include:
· KBC now being able to offer profit improvement and business transformation programmes, underpinned by technology, across the full hydrocarbon value chain. FEESA's Maximus™ software, when integrated with KBC's Multiflash™ and Petro-SIM Production™ technologies, completes the KBC software simulation suite from reservoir through to refinery.
· KBC's consulting services moving further upstream. FEESA brings to KBC a leading position in the provision of specialised software and consulting for the development and production segments of the upstream oil and gas industry. Its Maximus software is a well-established oil and gas well bore and production pipeline modelling system and is accompanied by an expert flow assurance consulting team that has helped leading operators in the world solve complicated production challenges.
· A simple integration of this capability into KBC's platform as Maximus already uses KBC's Multiflash PVT engine for its component and chemistry predictions and has been further integrated with KBC's Petro-SIM Production simulator to provide life cycle value through wells, pipelines and processing facilities.
· Sales of Maximus and associated consulting benefiting from KBC's existing international customer relationships as well as its sales and marketing channels.
The flow assurance market in oil and gas development is growing strongly as oil and gas companies seek to explore further and deeper offshore to maintain reserves and production. The combination of KBC's and FEESA's technologies and consulting allows an oilfield service company or an upstream operator to understand the full impact of changes within reservoir management and production optimisation programmes in order to achieve improved efficiency in field development worth hundreds of millions of dollars.
The acquisition has been funded from the Group's recent equity placing and is expected to be earnings enhancing for the Group in the first full year of ownership. The cash consideration for the acquisition is £10 million, payable on completion. The equity consideration for the acquisition is one million (1,000,000) new ordinary shares in KBC ranking equally with the existing share capital of KBC. Half of these consideration shares are subject to selling restrictions for 12 months from the date of acquisition with the remainder restricted for a further 12 months. Application will be made for the shares to be admitted to trading on AIM, with admission of the shares expected to occur on 28 July 2014.
In its financial year to 31 March 2014 FEESA reported a profit before tax of £0.5 million on revenues of £2.3 million,
The two founding shareholders of FEESA, Dr Martin Watson and Dr Neil Hawkes, who will remain active in the business, will hold senior positions within the enlarged Group following acquisition and will be focused on increasing KBC's upstream consulting and technology revenue as well as further establishing Maximus, Multiflash and Petro-SIM as standards for the industry.
Dr Martin Watson, Managing Director at FEESA, commented,
"KBC offers FEESA an environment for growth and leverage with a first class Technical Consulting reputation and an innovative software development culture. We have been impressed with the results from KBC's Infochem acquisition and feel a triangulation of the three businesses offers the oil and gas industry very compelling value in the design, development and operation of oil and gas fields."
Ian Godden, KBC's Executive Chairman, added,
"We are very pleased to welcome FEESA's respected technology and consulting team to the Group. This important acquisition adds further critical mass in consulting for the upstream market segment and in the software business to help KBC to achieve its stated objective of increasing revenue from these areas.
"This strategic acquisition enables KBC to span the entire hydrocarbon value chain with technical and business transformation consulting underpinned by deep software IP. We expect the software business in particular to benefit from the synergies of an enhanced value suite applicable to the upstream sector.
"The recent share placing demonstrates the support of KBC's shareholders for our current strategy of investment for growth and this acquisition affirms KBC's ability to deliver on that journey."
-Ends-
dreamcatcher
- 29 Jul 2014 07:18
- 59 of 85
Pre-close trading update
RNS
RNS Number : 5539N
KBC Advanced Technologies plc
29 July 2014
Embargoed until 0700 29 July 2014
KBC Advanced Technologies plc
("KBC" or "the Group")
Trading Update
KBC is pleased to announce the following trading update in relation to the half year results for the six months ended 30 June 2014 that will be released in September.
Since our AGM statement in June, KBC has continued to make good progress in both its Consulting and Technology divisions.
Following our first half trading, where profits are expected to be on track notwithstanding adverse currency movements, the Board is confident that the Group's performance for the full year will be in line with its expectations.
dreamcatcher
- 07 Sep 2014 10:56
- 60 of 85
Interim results 23 Sept
dreamcatcher
- 27 Sep 2014 20:01
- 61 of 85
Half Yearly Report
RNS
RNS Number : 3127S
KBC Advanced Technologies plc
23 September 2014
Embargoed until 0700 hrs 23 September 2014
KBC Advanced Technologies plc
("KBC", the "Company" or the "Group")
Half year results for the six months ended 30 June 2014
KBC Advanced Technologies plc, a leading consultancy and software provider to the upstream and downstream hydrocarbon industries, today announces its half year results for the six months ended 30 June 2014.
HIGHLIGHTS
- Strong operational and financial performance
- Revenue up 9% to £34.4m (H1 2013: £31.7m)
- Profit before tax of £2.9m (H1 2013: £2.9m)
- Adjusted for exchange rate movements, profit before tax grew 64% to £3.6m (H1 2013: £2.2m)
- Consulting margin increased to 5% in first half year (2013: 0%), a benefit realised from the earlier reorganisation and revised focus
- Placing in May raised £24.0m (gross) to fund software acquisitions and support larger and broader contracts
- Significant strategic acquisition post period end enables KBC now to offer programmes across the full hydrocarbon chain
- Continuing good level of contract awards since period end
- Board remains confident of meeting its full year expectations
Ian Godden, Executive Chairman of KBC, commented:
"KBC has continued to deliver on its strategy during the first half of 2014. The Company has focused on growing its Technology business, particularly in the upstream sector, improving its Consulting business in terms of both profitability and growth, expansion in the Middle East, South America and Asia, and keeping strong control of costs and overheads. This focus has led to a significant increase in Group profit before tax and foreign exchange movements.
The second half of 2014 has started well and the Group has been awarded a number of significant software contracts since June. The Consulting pipeline for larger projects is growing and recent contract wins in South America, the Middle East and Asia provide good prospects for the future. We expect full year results to be in line with the Board's expectations."
- Ends -
dreamcatcher
- 29 Sep 2014 18:35
- 62 of 85
29/09/2014 BUY Oliver Scott NED 25,000
26/09/2014 BUY Oliver Scott NED 50,000
24/09/2014 BUY Oliver Scott NED 135,000
dreamcatcher
- 03 Nov 2014 19:01
- 63 of 85
Signal Update
Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 90.0000, and our valid average buying price stands now at 90.1000. The previous SHORT signal was issued on 30/10/2014, 4 days ago, when the stock price was 90.0250. Since then KBC.L has risen by +0.08%.
Market Outlook
The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.
http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=KBC.L
dreamcatcher
- 02 Dec 2014 07:33
- 64 of 85
Contract Award
RNS
RNS Number : 5462Y
KBC Advanced Technologies plc
02 December 2014
Embargoed until 0700 hrs 2 December 2014
KBC Advanced Technologies plc ("KBC") announces
$48.6 million Consulting contract award for an extension to the Operational Excellence project with a South American oil and gas company
KBC is pleased to announce a two year contract award from a South American oil and gas company. This contract constitutes an expansion and extension of an existing relationship. The contract will see KBC immediately expand its support to the refinery with a focus on providing operational readiness and management support for the upcoming revamping of its facilities. The focus of this support is to ensure both the effectiveness of the organisation in managing these activities and in ensuring the safety of personnel in the facility.
The contract is worth more than US$48.6 million to KBC over a 24 month period and extends the current contractual relationship to 2018. This represents a deepening of KBC's relationship with the client in its pursuit of Operational Excellence and is a direct reflection of the success the partnership has had to date in improving plant performance.
Ian Godden, Executive Chairman, commented, "This is the third largest award in the Company's history and gives us excellent revenue visibility into 2015 and beyond."
Kevin Smith, Managing Partner, Consulting, at KBC, added, "KBC has a unique combination of skillsets and supporting software that allows it to effectively drive improvements in production for its clients. This award reflects the client's continued trust in our ability to deliver on our commitments and is a direct result of the great work by the combined KBC/client team."
-Ends-
aldwickk
- 02 Dec 2014 11:45
- 65 of 85
sorry , wrong thread thought it was KFC
dreamcatcher
- 08 Dec 2014 19:17
- 66 of 85
08/12/2014 BUY Oliver Scott NED 50,000
05/12/2014 BUY Oliver Scott NED 50,000
03/12/2014 BUY Oliver Scott NED 100,000
dreamcatcher
- 15 Dec 2014 16:46
- 67 of 85
15/12/2014 BUY Oliver Scott NED 349,825
08/12/2014 BUY Oliver Scott NED 50,000
05/12/2014 BUY Oliver Scott NED 50,000
03/12/2014 BUY Oliver Scott NED 100,000
20/11/2014 BUY Oliver Scott NED 15,000
dreamcatcher
- 24 Dec 2014 01:02
- 68 of 85
Contract Award
RNS
RNS Number : 5221A
KBC Advanced Technologies plc
23 December 2014
Embargoed until 0700 hrs 23 December 2014
KBC Advanced Technologies plc ("KBC") announces
£3.3 million contract for upstream software with a major oil field services company
KBC is pleased to announce a seven year contract with a major European based oil field services company for the licensing of KBC's upstream simulation portfolio. This contract covers Maximus™, Multiflash™ and Petro-SIM™ for use by the client in oil and gas engineering projects and studies and reflects the value in KBC's suite of technology from reservoir chemistry through well bore and pipeline modelling to process facilities simulation.
The contract is worth £3.3 million to KBC over a seven year period and combines the newly acquired (July 2014) FEESA Maximus technology for well bore and pipeline modelling with KBC's Multiflash and Petro-SIM software. Multiflash was acquired with the Infochem acquisition in June 2012 and is the standard used by an expanding number of oil and oil field service companies. The contract is also for a substantial number of Petro-SIM licenses for use in life of facility and production optimisation analysis by the client.
Andrew Howell, Managing Director of Technology and Chief Executive Officer designate, commented, "This represents a very significant contract for our technology in upstream oil and gas and we are particularly pleased to see the products from our newest acquisition having an immediate impact when bundled with our existing offerings. The contract win follows a number of other technology contract awards of note in the fourth quarter in the United States, Thailand and Vietnam. It is encouraging to see strong demand for KBC's technology products supporting KBC's focus on being a key software player in the hydrocarbon industries."
-Ends-
dreamcatcher
- 02 Jan 2015 16:50
- 69 of 85
02/01/2015 BUY Oliver Scott NED 35,000
29/12/2014 BUY Oliver Scott NED 50,000
18/12/2014 BUY Oliver Scott NED 50,000
15/12/2014 BUY Oliver Scott NED 349,825
08/12/2014 BUY Oliver Scott NED 50,000
dreamcatcher
- 06 Jan 2015 17:53
- 70 of 85
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Please Note - Streaming News is only available to subscribers to the Active Level and above
Director/PDMR Shareholding
RNS
RNS Number : 4506B
KBC Advanced Technologies plc
06 January 2015
6 January 2015
KBC Advanced Technologies plc
("KBC" or "the Company")
Director's Dealings
The Company announces that on 5th January 2015, Ian Godden, the Chairman of the Company, purchased 25,000 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at a price of 89.5 pence per share.
Following the transaction, Mr Godden has beneficial interest in 226,000 Ordinary Shares, which represents 0.3 per cent of the Company's issued share capital.
dreamcatcher
- 08 Jan 2015 11:16
- 71 of 85
Director/PDMR Shareholding
RNS
RNS Number : 5956B
KBC Advanced Technologies plc
08 January 2015
8 January 2015
KBC Advanced Technologies plc
("KBC" or "the Company")
Director's Dealings
The Company announces that on 7th January 2015, Ian Godden, the Chairman of the Company, purchased 50,000 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at a price of 90 pence per share.
Following the transaction, Mr Godden has beneficial interest in 276,000 Ordinary Shares, which represents 0.3 per cent of the Company's issued share capital.
dreamcatcher
- 09 Jan 2015 15:16
- 72 of 85
Director/PDMR Shareholding
RNS
RNS Number : 7177B
KBC Advanced Technologies plc
09 January 2015
09 January 2015
KBC Advanced Technologies plc
Director's Dealings & DTR disclosure
KBC Advanced Technologies plc (the "Company" or "KBC") received notification today from Kestrel Partners LLP ("Kestrel") that on 8 January 2015 it acquired, on behalf of its discretionary clients, 135,000 ordinary shares in the Company at an average price of £0.90557 per share.
Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.
Oliver Scott (Non-Executive Director of KBC) is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a legal beneficial interest in Kestrel Opportunities' entire legal holding in KBC.
Prior to this purchase of shares, Kestrel on a combined basis indirectly held shares and voting rights over 11,116,322 ordinary shares in the Company.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a legal beneficial interest in) 9,993,428 ordinary shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no legal beneficial interest, hold a further 1,257,894 ordinary shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 11,251,322 ordinary shares in the Company, which represents approximately 13.80 per cent of the Company's issued share capital.
Save as disclosed above, Mr Scott has no interest in any further shares in KBC, either directly or indirectly.
Kestrel's interest in KBC is held through the following nominees:
Holding type
Nominee
No. of shares
% of issued share capital
Indirect
BNY Mellon a/c (Butterfield Bank Guernsey Limited)
9,993,428
12.26%
Indirect
JIM Nominees Limited
1,257,894
1.54%
- ENDS -
dreamcatcher
- 09 Jan 2015 15:17
- 73 of 85
Director/PDMR Shareholding
RNS
RNS Number : 7177B
KBC Advanced Technologies plc
09 January 2015
09 January 2015
KBC Advanced Technologies plc
Director's Dealings & DTR disclosure
KBC Advanced Technologies plc (the "Company" or "KBC") received notification today from Kestrel Partners LLP ("Kestrel") that on 8 January 2015 it acquired, on behalf of its discretionary clients, 135,000 ordinary shares in the Company at an average price of £0.90557 per share.
Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.
Oliver Scott (Non-Executive Director of KBC) is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a legal beneficial interest in Kestrel Opportunities' entire legal holding in KBC.
Prior to this purchase of shares, Kestrel on a combined basis indirectly held shares and voting rights over 11,116,322 ordinary shares in the Company.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a legal beneficial interest in) 9,993,428 ordinary shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no legal beneficial interest, hold a further 1,257,894 ordinary shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 11,251,322 ordinary shares in the Company, which represents approximately 13.80 per cent of the Company's issued share capital.
Save as disclosed above, Mr Scott has no interest in any further shares in KBC, either directly or indirectly.
Kestrel's interest in KBC is held through the following nominees:
Holding type
Nominee
No. of shares
% of issued share capital
Indirect
BNY Mellon a/c (Butterfield Bank Guernsey Limited)
9,993,428
12.26%
Indirect
JIM Nominees Limited
1,257,894
1.54%
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dreamcatcher
- 19 Jan 2015 13:38
- 74 of 85
More director buys. Shares - investors should not be tempted to follow.
Director Deals - KBC Advanced Technologies PLC (KBC)
BFN
Oliver Scott, Non Executive Director, bought 135,000 shares in the company on the 16th January 2015 at a price of 90.02p. The Director now holds 10,180,298 shares.
NOTE: Connected party
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
dreamcatcher
- 18 Jun 2015 18:14
- 75 of 85
ST of IC today - So with KBC’s shares pulling back to their chart break-out point (110p), and tracing back to the 50-day exponential moving average (110p, then from my lens at least this looks like yet another repeat buying opportunity with the 14-day relative strength indicator now showing an oversold reading of 40. Priced on a bid-offer spread of 109p to 110p, and offering 50 per cent share price upside to my year-end target of 165p, I continue to rate KBC’s shares a buy.
Energeticbacker
- 07 Aug 2015 18:18
- 76 of 85
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dreamcatcher
- 12 Aug 2015 17:08
- 77 of 85
ST of IC today - On a bid-offer spread of 121p to 123p, and with a potential chart break-out in the offing, I rate KBC's shares a decent buy.
dreamcatcher
- 29 Oct 2015 17:33
- 78 of 85
Shares - KBC continues to look a rare winner in this space.
dreamcatcher
- 04 Nov 2015 16:35
- 79 of 85
KBC Advanced Technologies PLC (KBC:LSE) set a new 52-week high during today's trading session when it reached 140.90. Over this period, the share price is up 43.05%.
dreamcatcher
- 12 Jan 2016 17:13
- 80 of 85
dreamcatcher
- 12 Jan 2016 17:15
- 81 of 85
Offer for KBC
for each KBC Share 185 pence in cash
dreamcatcher
- 12 Jan 2016 17:22
- 82 of 85
The US software giant is offering 185p in cash for each KBC share, compared to last night's closing price of 124p for KBC
dreamcatcher
- 20 Jan 2016 16:59
- 83 of 85
Trading Update - Replacement
RNS
RNS Number : 4322M
KBC Advanced Technologies plc
20 January 2016
GENERAL TEXT AMENDMENT
The following amendment has been made to the 'Trading Update' announcement released on 20 January 2016 at 07:00 under RNS No 3757M.
'Cash and cash equivalents at 31 December 2016 totalled £12m' now reads 'Cash and cash equivalents at 31 December 2015 totalled £12m'.
All other details remain unchanged.
The full amended text is shown below.
KBC Advanced Technologies plc
("KBC", the "Company" or the "Group")
Trading Update
KBC is pleased to announce the following trading update in relation to the full year results for the 12 months ended 31 December 2015.
As expected, KBC had a strong second half year and the Board anticipates that results for the year to 31 December 2015 will therefore be in line with management's expectations. Cash and cash equivalents at 31 December 2015 totalled £12m.
Following early action in 2015 to address the deteriorating situation in the oil and gas market the company was able to reshape and focus to deliver strong margins in Consulting and ensure a good performance, against market headwinds, in Technology sales including some notable new relationships such as the WorleyParsons contract previously announced in October.
Consulting continued to deliver projects successfully and to diversify its revenues, with notable wins in the Middle East and Russia.
Whilst the significant recent oil and gas price pressures are inevitably causing uncertainty across the hydrocarbon industry, KBC is well positioned as it enters 2016 with a strong order book. Its main business focus and expertise is the provision of profit improvement for clients at a time when they need to operate their assets more cost-effectively.
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dreamcatcher
- 17 Feb 2016 17:04
- 84 of 85
dreamcatcher
- 17 Feb 2016 17:06
- 85 of 85