Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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We're hosting a #SIGnet Follow-Up Meeting on 8/5/24 at 7pm to analyse #KEYS' Full Year Results presentation with IMC . SIGnet members can register here: https://www.sharesoc.org/events/signet-follow-up-meeting-on-keystone-law-keys8-may-2024/
Principals from 398 to 432 (added 51 in FY)
Total fee earners from 507 to 549 (net gain of 42)
James Knight : CEO
"Our ongoing and operational momentum has been accelerated by a more fertile recruitment environment"
Bollinger bands separating , usually means a fast sp, movement, however lower Bollinger band , appears to be in process of turn up, usually signalling a retracement, in price. Industry sector is weak and so is AIM, index, so best wait for retracement, before consider a buy. If RSI(relative strength index), crosses above 50, or bounces from 50 upward, would support buying the equity.
Definitely a relatively undiscovered gem this. The decline in price seems to have abated and the company continues to do well. Long may it continue.
Good results. Very pleasing to see this alternative legal business model working so well. Well done to the CEO/Founder who I saw speak once and was very impressed with. Not a shareholder, yet at least. DYOR.
Page ten of the Business and Money section if you’re looking. Positive article suggesting a buy. Could bring some attention our way on Monday morning. Either way, good to get some positive PR.
Keystone is a winning and a disruptive business model. Ideal in the current UK legal market.
Thanks Richard a very well run company I m in for the long run. Good luck!!
Agree with all that grippa. And with today's update there is no reason to question the investment decision in my mind. An absolute steal at these prices and with CEO skin in the game it should be a good investment and divi payer for years to come.
1/ Leading networked law firm 2 X bigger than. nearest competitor
2/ Established industry reputation, Law firm of the year at law firm awards 2020
3/ Its a scaleable platform model
4/Excellent growth profile with solid margins
5/ return on equity, >30% with almost 100% cash conversion
6/ led by founder CEO who still owns 28% of the company
1/ Leading networked lew firn 2 X bigger than. nearest competitor
2/ Established industry reputation, Law firm of the year at law firm awards 2020
3/ Its a scaleable platform model
4/Excellent groeth profile with solid margins
5/ return on equity, >30% with almost 100% cash conversion
6/ led by founder CEO who still owns 28% of the company
Possibility here that the sp has bottomed out and beginning to look for a reason to go up? Pure speculation of course but this has fallen a long way and with a P/S now just under two and averaging 17-22% growth over the last three to five years, the recent suggestions that a UK recession may not be as bad may finally be pushing this up. Of course what we really need is a positive trading update… fingers crossed it comes soon.
reapz Thank you kindly!!
Expecting an update very soon, likely this week or next week!
Anyone any idea when the next update is please? I see they had a trading update this time last year any idea if we are due another soon?
After selling at 485 in May 2019, I'm back in again at 415p. The CEO's buy was reassuring and from the wording of the outlook in the interims, it sounds like they might beat full year forecasts. Decent dividend at this level, no debt.
Keystone Law operations director buys GBP260,000 in shares
ONTOP of CEO Buying £500,000 worth the other moth its good signs here!!
Tanks for link Trendz I think the company has so only performed well and no worries just market holding this down now, bought first 30k trench today
I agree they looked good but the market hasn't agreed. The numbers for all the listed law firms have been positive but they are definitely not flavour of the....year.
Perhaps the run on Knights, which was on the up and up, has spooked investors?
These are a sparkling set of results (FY to 30Jan22) - particularly in the circumstances of Covid. Really demonstrates the strength in the KEYS platform approach driving high-quality earnings.
Whilst the growth in the number of Principle Lawyers recruited grew by a respectable 6.7% during the year the revenue grew 26.5% in a strong legal services market. However, this translated into PBT growth of 55% and basic eps up 42.7% showing superior Operational Gearing and Cash generation - 102% cash conversion. The final dividend of 11.2p gives a +48% for the full year and a 10p Special Dividend on-top.
KEYS' capital-light and operationally-light platform model is clearly strategically strong. Based on the outlook statement, it remains attractive:
>> The current financial year has started well with lawyers remaining busy.
>> We have made a fair start on recruitment, continuing to attract high quality candidates.
>> Well placed to deliver another strong performance.
Can anyone find something of concern in these results - because I can't?
Regards, Maddox
Thanks Forensic505, don't have any reason to worry over here - but we shall see!
Knights profit warning today. SP down 50%. Fairly obvious read across to Keystone.