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A fourteen story office block.
Just Google Belfast telegraph and Kainos.
It’s within a mile of their current headquarters but more central.
Kainos has just been granted planning permission to build a new headquarters in Belfast.
Just bought some more of these little beauties, I think we are in for a good run now, positive RNS and tipped in many share articles as a buy. GL all.
Apologies, I’m confusing KNOS with FD Technologies. Both Northern Ireland companies in the IT sector.
2.6% of shares were being shorted.
This might get rid of some of the shorters.
Lat week FD was listed in the Investors Chronicle among the five biggest short increase.
Looks like 2024 Rev will come in at c. £400m up 7%. Is this a growth stock? My estimate of net without all the adjustments for 24 is £47M, up 12%. Thats c£14k per each of 3319 employees/contractors. Does it deserve a P/E of 22x or PEG of 1.53, thats the question really. RoE at 36% is very impressive so that would support those ratings, i would just like to see more growth and a higher contribution per employee.
...another solid trading update from the team at Kainos, increasing order backlog and clear visibility on pipeline of growth in revenues and PBT ahead!
"In the near-term, an increased backlog, a robust pipeline and a strong balance sheet provide excellent visibility of the strength of our performance in the current financial year."
I think this is a real gem of a business and one that could maybe shout a little louder to find a wider audience of larger investors, perhaps they too should be looking at a dual listing in the US, well it's a thought.
Plenty of cash at £130m (growing at some £20m a year), zero debt and a 5.5% FY25 FCF Yield, what's not to like!?
Given the fervor for 'all things American' and the fact that Kainos has a big footprint and significant revenue stream in the USA I'm surprised this hasn't soared already. Similar businesses over the water command a far higher p/e than here despite the constant comment that it's on the high side (for here!). Next week's update should reassure and set it firmly back on the ascent.
Nice uptick today, smacks of short covering by MWAM or GLG, let’s see if this proves correct… onward to the results!
Pulls back am, rises pm. Stateside stakebuilding???
Looks like c £1m shorter lost his nerve and bought back in.
The higher highs didn't work out, but who knows we have plenty of support below. I do think bull run will happen soon enough when patience.
£2m & £1m sells this morning, wonder who's exiting.
Late breaking news for the wider public market... Kainos is a superstar in both WorkDay and AI expertise deployment, ARRs growing at some 30% and now accounting for 15-20% of their total revs, very much an under-appreciated blue chip leader in their field... Not sure why it's not at the top of more investor's portfolios, a rare combination of US Tech like skills and revenues and oddly it's based and listed in the UK, who knew!?
Tell Sid..?
I've entered. Zoom out you see those higher highs. Good company expanding.
Yes, and another block trade of 777k shares, presumably the trade that got MWAM to their short of 0.5%. Contrasting this, I see Baillie Gifford have recently upped their stake from 2.8% to 5.1%, let the battle of the funds commence...
Amazed
Kainos is starting to attract a bit more attention, wonder if this was MAN/GLG Partners active again, let's see what comes out over the next few days...
Good to see the resilience of the shares as they rebound from the recent sell-off, looks like Baillie Gifford took the opportunity and increased their stake and the shares are now hovering around their 200dMA at 1171p, think we could see a break to 1400-1500 if they manage to break above this... Kainos is one of the few decent-sized UK companies that are benefitting from the revolution in AI and ML... Happy to own this for the next 5-10 years.
I've seen the same red circle on lots of other shares on LSE, with same lack indication of any changes.
@jlovie - not sure why the short positions had that red circle, no updates since Dec 11th, best to check with shorttracker.co.uk as that’s usually more comprehensive.
Price resistance at 1165, peak of 28/12/23 and large measuring price bar , high of 1174. The measuring bar is important, due to heaviest volume day for 3 months. Basically the sp, requires to close above 1165, and 1174, at some point , to confirm that the path of least resistance , is upward. In meantime positive scenario if sp, can remain above 1100, with higher lows.
Chart symmetry analysis, suggests sp, target of 1225, by approximately 6/2/24, or slightly later. DYOR.