title: Kendo chart formatting a axis
body: <p>How do I format data being shown on a kendo ui bar chart?</p>
  
  <p>I need some money values to be shown for example as "£5k" rather than "£5000".</p>
  
  <pre><code>        valueAxis: {
          labels: {
              format: "£{0}K"
          },
          title: {
              text: "Cover note premium"
          }
      },
  </code></pre>
  
  <p><img src="https://i.stack.imgur.com/tPd54.png" alt="enter image description here"></p>
  
  <p>I don't know how to divide the value being put into this graph.</p>