Updates

Kape

April 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

As expected, Kape has reported a strong set of results for the year to 31 December - a year which had culminated in the game changing acquisition of Private Internet Access, which contributed for just a few days. Sales were up 27% to US$66.1m (digital security US$30.1m -2% but digital privacy/VPN US$36m +98% as all the focus went onto the higher margin VPN side). Within this, the recurring SaaS subscription revenues grew by 82% to US$51.6m, representing 78% of total sales. At the period end it had 2.35m subscribers. Of that, ‘old’ kape grew its user base organically by 346k users whilst PIA accounted for the balance of the growth. Adjusted EBITDA was up 40% to US$14.6m. Adjusted profit was US$10.6m for eps of 6.5 c ...

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Kape - Sagi raises original bid price (May 2023)

Kape - Unikmind makes 285p cash offer (March 2023)

Kape - To unveil Websitebuilder at forthcoming capital markets day (October 2022)

Kape (July 2022)

Kape (May 2022)

Kape - Sales substantially over forecasts (February 2022)

Kape (October 2021)

Kape (August 2021)

Kape - +68% upgrade to eps forecasts (April 2021)

Kape (February 2021)

Kape - Another PIA sized VPN lump likely to be acquired in H1 (December 2020)

Kape (October 2020)

Kape (May 2020)

Kape - LTV balloons 260% to US$99m (February 2020)

Kape - 70% eps accretive deal (December 2019)

Kape - 1.02m SaaS users (+83%) (October 2019)

Kape - H1 Ebitda +40% (September 2019)

Kape (July 2019)

Kape - Adds 117k cyber security customers in first four months (June 2019)

Kape - Technologies Sales to grow 48% this year (April 2019)

Kape (February 2019)

Kape - Acquisitions bed in well (January 2019)

Kape - Another acquisition (November 2018)

Kape - Existing users to deliver US$18m of revenue (October 2018)

Kape - Buys Integro for US$16m (August 2018)

Kape Technologies - Strong FY17 begets strong FY18 (April 2018)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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