If investor sentiment is the ultimate litmus of an industry's health, then the reseller and MSP market is in rock-solid shape.
According to CRN analysis, shares in the UK's publicly listed resellers and MSPs have hiked by an average of 4.6 per cent so far this year*, despite a topsy-turvy six months for the FTSE and UK stocks more generally.
Of the 13 publicly listed resellers and MSPs on CRN's agenda, eight have seen their share prices rise this year, with only five suffering a drop (see p5 for the full breakdown of their stock market performances).
As of yesterday, these 13 firms boasted a collective market capitalisation of £3.53bn, a £838m rise from the start of the year.
Here we count down the top five gainers, in reverse order.
5) K3 Business Technology Group
Share increase YTD: +13%
Current market valuation: £88m
Valuation at start of year: £80m
This Sage and Microsoft partner's share price has recovered nicely this year after a sudden downturn in its financial fortunes caused investors to desert the AIM-listed firm in their droves last year.
Despite recording an ugly £14.8m operating loss in the 17-month period to 30 November 2017, K3 claimed in March that it was on a "better footing for long-term revenue and profit growth" following efforts to streamline its operations and reduce its cost base.
K3 also claims its margins and recurring revenues have been boosted by its decision to refocus on its own intellectual property, which made up 19.8 per cent of total revenues, up from 13.9 a year earlier. On this front, the firm said a recent contract win for its K3-authored software solution for fashion companies, based on Microsoft Dynamics, had boosted total orders for the offering since the start of its current financial year to £1.8m.
Under new CEO Adalsteinn Valdimarsson's direction, retail specialist K3's share price has recovered steadily this year, especially since it confirmed on 30 May that trading in the first half of its fiscal year ending 30 November 2018 is in line with management expectations.
*Stripping out IDE Group, a relatively small Cisco partner which has suffered a nightmare start to 2018 - with shares down 57 per cent - the average percentage increase among the remaining 12 rises to 9.8 per cent. Capita and BT weren't included in this analysis due to the fact their 'reseller' arms are only a tiny portion of their overall business
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