Updates

Kape

February 2019

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.

Reflecting strong growth in customer acquisitions in each of its cybersecurity software businesses, Cyberghost, Inteo and Zenmate and in retention rates, Kape said it expects 2018 revenues to be up 18% at US$56.4m and ebitda to be US$10.4m, a 70% increase. Customer retention has improved to c.74% (2017: 69%), with the user base increasing by 219% to c.830,000 users. The lifetime values ascribed to this have ballooned to US$30m. Shore Capital forecasts US$8.4m pretax profit / eps 4.6 cents for the year already ended, with a 45% jump to US$12.2m/6.7 cents this year. Don’t forget there is net cash of US$40.3m (c.22p a share), which will facilitate further deals. Buy. ...

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Watkin Jones

Arena Events

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 (April 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 - 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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