KBT
KBT
GBX
Ords
25p Ords
K3 Business Technology Group PLC
02771
true
2771
28474000
28474477
GB00B00P6061
3
2
2012
8
1
16
166.50
170.00
47409208.00
0.00
0.00
165.00
175.00
166.43
166.00
166.00
9725
236.28
27
4
2011
0
0
0
122.00
29
11
2011
0
0
0
166.35
166.50
166.50
166.43
166.00
223.30
166.50
0.00
0.00
5
2
2012
6
52
14
LSE
London Stock Exchange
Europe/London
480
990
3
2
2012
8
0
0
3
2
2012
16
30
0
T
166.50
0.00
0
166.35
166.35
166.35
166.35
-0.15
155
166.35
166.35
166.35
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POUND STERLING
GBP
33.364
33.386
46.8
33.378
239.51
9.434
-19.181
.509
.557
.45
.167
.15
.538
.848
.928
.75
12.4
13.3
14.2
11.4
21.932
9.803
47.409
28.293
30.982
35.1
49.185
9.504
13.292
5.885
5.374
4.744
8.779
6.79
5.569
.12
.565
.357
.101
.254
10.51
11.528
13
12.856
1.248
.81
-2.217
-10.711
-4.628
-3.416
1.77
-18.554
.15
69.141
73.798
73.6
2012
2013
2014
2011
NRM
03
02
2012
15
33
19
166
165
168
1794
S
K3QSVYFC5R
9725
9725
K3 Business Technology Group Plc (KBT)
ISR viewK3 is a rare animal in the small cap world - it set out with a clear strategic plan six years ago and it has delivered on essentially all of its promises. Whilst the current economic climate has had an impact on short term growth expectations, K3 retains ambitious growth plans and we expect it to continue to deliver.
Share prices shown are the latest closing price. Data supplied by Morningstar © 2009 Morningstar. All Rights Reserved.
Strategic progress despite market headwind
K3 Business Technology Group Plc | Download | Published on 19/09/2011
Enterprise software and managed services provider to the retail and manufacturing sectors K3 Business Solutions has reported its full year results which show strong headline growth and a great deal of strategic progress but also reflect ongoing difficult market conditions. Whilst organic growth has been difficult for K3 to come by in its core market, especially in the UK, the last 12 months has been something of a breakthrough year for the business, not least from a stockmarket perspective.
After a long period of weakness in the early part of the downturn, from early-2009 the shares rose fourfold to reach 240p earlier this year. They have since come back quite sharply to 170p partly, in our view, partly because of general market weakness and partly because the recent placing satisfied short term demand for the shares. After this pull-back, K3 shares trade on under 5x fiscal 2012 EBITDA representing an undeserved 20% discount to the Megabuyte Consulting & Systems Integration peer group.
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