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

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.'



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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

Tipped by The Naked Trader I believe, he must have been reading your posts on this thread dreamcatcher!

I will have to send him an invoice. lol

Hammer bottom tonight a good sign.

Dont understand the lingo - but you seem to be right !!!

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%.

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.

More to come I reckon.

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.

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


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