KBC Advanced Technologies (LON:KBC) - Migration upstream
Jun 20th 2012 - Edison Investment Research today published a report on KBC Advanced Technologies (KBC.L, LSE:KBC, LON:KBC) entitled "Migration Upstream". In summary, the report says:
The acquisition of Infochem gives KBC a good foothold in upstream oil and gas and substantially expands the company’s software capability. KBC is paying a premium rating for these attributes, but this is a strategically important step, the process was competitive and a low cost of debt keeps the acquisition earnings enhancing.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
