skip to Main Content
 

Three Quick Facts: Kin and Carta, Pelatro, Tekcapital

*

Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Kin and Carta dialling back expectations amidst market headwinds

Kin and Carta [LON:KCT], the global digital transformation consultancy, published a trading update this morning. Following interim results which were published around 10 weeks ago, management note a slowing of commitment from enterprise clients to large work programs, with other contracts starting later than had been planned. As a result, full year revenues are expected to be flat to +2%, although operating margins are improving. The order book has also been growing over the last few months, with significant wins being seen in the public sector and financial services.

#2. Pelatro 2022 earnings disappoint but optimism over FY23

AIM listed marketing software firm Pelatro [LON:PTRO] has issued full year results for the period to 31st December today. Revenues are down by around 30%, whilst the adjusted EBITDA has fallen from $2.8m to $0.6m. Despite the poor headline numbers, management are optimistic over the outlook, citing a very strong order book, solid growth in annual recurring revenues and a diversification away from the company’s legacy telco business.

#3. Tekcapital full year numbers show NAV down 20%

Tekcapital [LON:TEK] has its full year results out today, noting a 20% decline in per share NAV and a portfolio devaluation of around 10%. There’s quite a bit of detail here in relation to each of the portfolio holdings too, but the crucial point is the stock trades at a significant discount to the assumed NAV.

Like this article? Sign up to our free newsletter.

This article does not constitute investment advice. Do your own research or consult a professional advisor.

The Armchair Trader's 'How to' Guides

In-depth Reports

Detailed reviews of selected companies and investment trusts.

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
FP Markets
IG
Pepperstone
WisdomTree
CME Group
Back To Top