Mar 20th 2013 - Edison Investment Research today published a report on K3 Business Technology (KBT.L, LSE:KBT, LON:KBT) entitled "Building Foundations For Retail". In summary, the report says:
As flagged in its recent trading update, K3 reported a revenue and profitability decline in H1, impacted by the weak retail environment and continued development of the AX for Retail product set. In the medium term, K3 sees the opportunity to sell the new product range to a wider audience with the support of Microsoft. Businesses in other markets continue to perform well; the reduction in our EPS forecasts reflects slightly lower growth assumptions and dilution from the recent placing. The stock trades at a significant discount to the sector but needs to show evidence of a return to growth to re-establish confidence in the stock and drive a re-rating.
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