Hi,
I'm new here.
Has anyone any recent news on KBC Advanced Technologies.
They certainly have modernised their website.

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 -

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

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.

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-

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.

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 -

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.

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.

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 -

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.

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

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.

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.

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

Simon T of IC, I have upgraded my earnings multiple driven target price from 100p to 116p within a 3 month time frame.

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

nice rise today

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.

Thank you for that - most encouraging