K3 Capital updates investors after share price fall

9th May 2022 13:50

(Sharecast News) - Professional services provider K3 Capital updated the market on the recent decline in its share price on Monday, reporting that it was not aware of any reason for the fall.

The AIM-traded firm's shares had fallen more than 6% over the last five sessions, and about 11.5% over the past month.

It said that, in its interim results on 7 February, it confirmed that the outlook for the rest of the financial year and beyond was "positive", with a strong start to the second half reported.

"Trading since then has continued to be positive," the board said in its statement.

"The board remains very confident in its outlook for the year, with all three divisions showing strong levels of activity."

K3 said recent acquisitions were performing in line with plan.

"The acquisition pipeline is healthy with various bolt-ons being evaluated.

"The company looks forward to providing more detail in its year-end trading statement in June."

At 1319 BST, shares in K3 Capital Group were up 6.98% at 230p.