06:58:22 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Kinaxis Inc
Symbol KXS
Shares Issued 23,739,342
Close 2015-03-05 C$ 25.00
Market Cap C$ 593,483,550
Recent Sedar Documents

FP says AGF's Imhof recommends buying Kinaxis

2015-03-06 08:43 ET - In the News

The Financial Post reports in its Friday, March 6, edition that AGF Investments portfolio manager Peter Imhof says the technology sector is one area where United States names trade at much higher multiples than their Canadian peers. The Post's Jonathan Ratner writes in the Buy & Sell column that even where valuations are somewhat similar in this sector, Mr. Imhof often finds that Canadian small caps have better growth. For example, Kinaxis, a cloud-based supply-chain-management software provider, recently climbed above $25 per share after IPOing at $13 in 2014. It is not super-cheap, but Mr. Imhof highlights its very strong growth, excellent visibility, high recurring revenue and the possibility of an eventual takeout. He says: "They can become embedded in companies because of the amount of money being saved through the supply chain. For manufacturing companies, if you're not able to get the orders out in time, you lose the business. But Kinaxis has proven there is a very high return on investment and internal rate of return for using their platform." TD Securities analyst Scott Penner recommended buying Kinaxis in the Post's Trading Desk column on Jan. 23. The shares were then worth $19.14.

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