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Made a modest profit on these so far so looking at an exit price. Do we think £1 is achievable in the short term?
And one terminated that's two third of the legacy drag removed. H2vweighting means if things pick up as expected then the solid foundations of H1 will be built on. Looking forward to further moves higher by year end 23 and hopefully more gains as the legacy issues unwind.
Looks like Jona35 or a fund has bought in. Unless it was fat 👉 fingers. Nice jump at any rate.
Not invested but afterseeing that i will
With an in line update but with the usual weighting towards the second half I suppose some investors are cautious . Looks good to me and I will be adding.
Risky here due to the misguided buy of a company buy I am all in on Kino. Very undervalued despite or because of the risk but I am building a position here.
Release a trading update on its performance for the six months to 30 September 2023 in early November 2023, and can confirm that this is expected to be in line with expectations.
Every share purchased above 56p is basically another NO vote for the 56p takeover.
Looks like from the buying that the offer is a no go. Definitely undervalued and more to come here.
It's good to see from today's RNS that the BOD aren't recommending investors accept any takeover offer at 56p.
If Rx3 insist on going ahead with the derisory offer at 56p, I hope it flushes out other bidders, ones who are smart enough to see through Rx3's ridiculous RNS listing all KINO's "flaws", and make a real offer for the company.
Amongst the flurry of RNSs released, the employee share allocation plan has awarded another 1% of shares to 5 bod members, who presumably will vote against a low-ball bid for the company :)
And a tit-for-tat RNS today from Rx3 who state that they are only offering 56p per share out of the goodness of their hearts because technically they could get away with offering 40p.
Don't sell your shares on the cheap!
Who is PE please ?
This is such an incredible bargain.
At least two (2) huge catalyst the coming year 1) DCB finalized and thus Going Concern no longer in play and 2) reinstated dividend. Besides double digit growth with a secured backlog, of course.
This could probably 5x in 2-3 years. I do, however, believe PE will acquire it once DCB/Going Concern is finalized.
Powering ahead today and there is more to come. Glad to say I got in at 18p but with an average of 34p I am quite chuffed with the progress here. Seems like Mr Market is now awake to what is being built here. 50p otw?
Being built here. Today's update means the company has not only got a good income stream captured but is the preferred bidder for some future contracts. Bound to feed into good results down the line and give a lift to the SP. Buy!
Excellent figures out this morning, should continue the recovery from here.
While the last year has been challenging for Kinovo, we are delighted with the performance of the underlying business. Revenues increased by 35% and adjusted EBITDA more than doubled, a direct result of the repositioning announced last year to focus on three key areas: regulation, regeneration and renewables. This streamlining of operations has allowed the underlying business to prioritise what it does best and flourish. Coupled with the significant investment in our people, upskilling of employees and bringing in additional expertise, Kinovo is well positioned to negotiate this difficult macro-economic environment.
34.2-35.7p
Having traded sub 10p in early June, they ended the week with a 43% one day rise on news of a swing to profit. It has to be said that any company with such an inflection point https://www.share-talk.com/traders-cafe-with-zak-mir-a-week-in-small-caps-2/
IMHO
36.05-37.95
Property services provider Kinovo reported a 35% improvement in full-year revenue from continuing operations on Friday, to £53.3m.
The AIM-traded firm, formerly known as Bilby, said adjusted EBITDA from continuing operations was ahead 102% in the 12 months ended 31 March, to £4.2m, while underlying operating profit from continuing operations grew 95% to £4.1m.
It reported "strong" adjusted cash conversion from continuing operations of 223%, with £9.4m in cash generated, and its year-end cash balance rising to £2.5m from £1.3m a year earlier.
Net debt was "significantly" reduced by £2.4 million to £0.34m, while adjusted earnings per share almost doubled to 5.33p, from 2.76p in the 2021 financial period.
"While the last year has been challenging for Kinovo, we are delighted with the performance of the underlying business," said chief executive officer David Bullen.
35.70-36.958