Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Dividend 1.53p, ExD 16th Feb.
David Beech 18,922,309 22.05%
Octopus Investments 14,023,727 16.34%
Columbia Threadneedle Investments 10,051,432 11.71%
Wasatch Advisors Inc 5,359,090 6.25%
Invesco 3,446,292 4.02%
BGF 3,325,120 3.87%
==========================
Total 47.9%
==========================
29th Jan 2021, David Andrew Beech sold 15,700,000 at 390.00(£58M)
22 Nov 2022, David Andrew Beech Buy 1,185,964 at 83.90 (£1M)
(nice trade!)
==========================
Will he buy more?
Net debt just keeps increasing on this one. Not a good look.
Over £6 million more debt and just bought another outfit - this time a low level player in the massively over saturated legal market of Bristol. Happy daze. Combine that with Coffin Mew to create a Westcountry powerhouse! I’m sure the likes of Burges Salmon, TLT, Foot Anstey and others are quaking in their boots!
Knights, a fast-growing legal and professional services business in the UK, will announce its half year results for the six months ended 31st October 2022, on Monday 16th January 2023 at 7am.
Dirt cheap... CEO takes another £1m in addition to the ones he took at over £1. Better than expected update in this environment, increased revenue increased PBIT.
Should really be double the SP at a minimum, looks like the big prints and late rally suggests they shuffling has been done...?
All IMO
The CEO obviously thinks so too with a purchase of 1,185,964 shares at 83.9p.
Nice to see things are still ticking along nicely in the background
Sold a chunk for decent profit at 83p.
Wondering if there’s any particular reason for today’s 10-15% rise?
Very quiet indeed. There should be a trading update soon. I think a market cap of £57m is too low for a growing, profitable company of this size, and I don’t really understand why analysts are so wary of the business structure and acquisitions. I’m buying anyway.
yes
Today is the divi payment date, anyone had it hit their accounts yet?
They’re probably busy trying to recruit Adrian Biles.
Share price has been hovering around 100p for a few months - Any info as to what's happening at KGH apart from the dividend?
Both well over current sp as well, nice!
RNS today: if i am reading this correctly, another institution building their stake. Encouraging.
Reassuring results. Based on the underlying EPS of 17p, this is trading on 6x PER. Very cheap. Good upside potential imho but dyor of course.
nice
Results Tuesday. Hoping to see things on an even keel with a fair outlook, and divi prospects. Might they initiate a share buyback at these lowly levels, which would of course increase major shareholders stakes unless they sold into it , though as we saw a few months ago the share price can move sharply with buying support. Fingers crossed!.
The value of the transaction can’t have been significant enough to warrant notifying the market
Surely there should be a RNS on this divestment, it is arterial transaction ffs.
As is probably evident from some of my previous posts, I'm not enthusiastic about Knights, but this is probably a good move, and at least indicates a strategy to focus on more profitable areas....
https://www.lawgazette.co.uk/news/knights-sheds-conveyancing-business-to-scottish-incomer/5113028.article
99p bid now
Forensic - I would not compare Knights to Gateley. Gateley is a quality outfit with high quality lawyers and good quality clients willing to pay a premium for quality advice. Knights is a collection of bolt ons (most of which had a couple of decent rainmakers near retirement who just wanted out) so the model carries with it an inherent lack of consistency of quality and little coherent legacy. Gateleys clients are likely to be loyal and stick with them despite inflationary increases. In my humble opinion Knights will be much more exposed to pricing pressures and competition from the vast number of middle market law firms who are going to be competing for an increasing small piece of cake.
Calms my nerves a little!.