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K3 Capital

August 2021

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.

  • Epic Code:
  • K3C
  • Price:
  • 339p
K3 keeps on getting upgraded. This month it placed 2.9m shares to raise £10m and fund the acquisition of Knight Corporate Finance, a sector-specific corporate finance boutique advising clients in the technology and telecoms sector, and Knight R&D, which provides recurring, contracted revenues over a three-year cycle. Together the deals add EBITDA of c.£2.8m, with margins of 45% in the CF business and 63% in the R&D business. Finncap has upgraded eps by 15% to 19.8p for the year to end May with 24.3p pencilled in for next year. The broker adds, “K3C’s medium-term EBITDA goal is £50m, which looks audacious until you see that our post-deal FY23 EBITDA estimate of £22.1m shows an increas ...

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K3 Capital - Sun Capital approach comes at 350p (January 2023)
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K3 Capital - 15% upgrade to eps (April 2021)
K3 Capital - Well set for beat on forecasts as government withdraws support schemes (February 2021)

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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