12th March 2021
On Monday of this week this cybersecurity group announced an immediately earnings enhancing acquisition.
Paying $149m net cash the group is taking over Webselenese, which is a digital global platform offering consumer privacy and security to millions of users.
The deal will give Kape one of the broadest audiences and is yet another step in its strategy to become a world leader in its marketplace.
Estimates for the current year to end December are now for $200m of sales and pre-tax profits of $64.6m, worth 25.4c per share in earnings.
This week the group’s shares have responded well, moving up from 191.5p to 254p by the close last night.
These shares could easily double in value over the next two years, if not before.
(Profile 21.12.20 @ 172p set a Target Price of 215p*)