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Director and wife's sells over 1,000,000 shares. That killed the rise
Very happy with that update from a 260p entry a few weeks back :)
A terrific set of H/Y nos where revenues, profits and margins were all ahead of my expectations. The outlook for the rest of the year looks even better still.... with a nice divvy for income seekers.
I have traded the stock on a few occasions (something I rarely do) and only recently have taken a 'hold' position having built up a few attractively priced shares for the longer term.
Looks like we may have a good run up to and beyond the Half Year results on Tuesday.
https://www.thearmchairtrader.com/kitwave-shares-finds-big-money-small-things/
Bought a decent chunk here on the 20% pullback to support, shares did the same thing in mid April (240p) before rebounding to new highs only a couple of weeks ago.
With food price inflation at record highs, revenue should continue to beat expectations, particularly as Ice Cream is one of their most profitable product lines. Note the below chart showing ice cream producer inflation over the last 10 years;
https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/evop/mm22
The index price for ice cream in Feb was 122.2 and in March jumped to 142.2 & added a further point to 143.1 in April... that 17% rise is historically massive (on an absolute basis, it's almost the same as the change from mid 2012 to Feb 23 (97 to 121)
Should lead to a very strong second half IMO.
It is nice to have a profit. However, if technically minded, wait till the bottom Bollinger band begins to turn up, to sell. At the moment both bands,are separating , which indicates a fast sp, movement upward. If the sp, as seems to be the case, is in a bull trend, a retrace should be temporary, and then it won't matter which direction the lower Bollinger band moves .
Sp, target 356, from first major rally projection. Bollinger bands separating indicates fast movement, and retrace will likely be signalled when bottom Bollinger band begins to turn up, giving opportunity for profit taking. RSI, staying above 50, confirms bullish trend.
Topped up at 297p this morning. First buy in Feb this year but have accumulated quickly so that it's #3 in my ISA. One I'm tucking away for the long-term.
My average is 80% up
Hold for sure.
Not sure if I missed it but are we expecting Q1 update alongside 2022 finalised accounts on Tuesday
My profit is 101% would you sell or hold
Nice write-up by Simply Wall St.
https://uk.sports.yahoo.com/news/kitwave-group-plcs-lon-kitw-061606821.html
Final div (6•75p) paid today.
Richard Crow aka ****neyRebel just post a write up.
https://****neyrebel.substack.com/p/kitwave-another-zulu-in-the-making
Obviously you will need to fill in the blanks, ie what a make hen is called.
Expected 26th, April.
Simply Wall Street has ex-div date as 6th Apr with payment on the 28th.
Final div should be 6.75p, total div for the FY ended 31 Oct 2022 is 9.25p.
My first buy was at 207p, just last month, and have topped up this morning at 285p for 234p average.
P/E is still unchallenging at <14 for P/S of 0.4.
Hope Paul Young is taking a leaf out of Warren Buffet's book of buying companies v buying stocks. I quote....
Charlie and I look for companies that have a) a business we understand; (b) favourable long'term economics; (c) able and trustworthy management; (d) a sensible price tag.
We like to buy the whole business or if management is our partner, at least 80 percent. We avoid businesses we can't evaluate no matter how exciting their products may be.
Since the ipo Paul hasn't put a foot wrong and the mrkt agrees, long may it continue.
85k traded.
The bulls are in total control here with over 190,000 traded this morning. This is going to be a very good year for this under-valued company. Still a buy up to 300+ as this acquisition hungry company continues to expand across the UK.
Yea i agree and word of mouth can only do so much. Tbf this is only the 2nd reporting of results since the ipo so a new stock on Aim which many investors swerve due to these stocks having a 'wild west' reputation with loose regulations and in some cases no Co trading record needed. However a NOMAD is required to oversee the management play by the rules.
The board might consider a move to the Ftse small cap sector so as to encourage a wider shareholder base as many iis avoid or not allowed to invest in Aim stocks for historic reasons.
Doubt costs of any move would deter Paul Young, more like the additional scrutiny from the mrkts might not be to his liking. I think most shareholders would welcome a move away from Aim. Perhaps next year when Kitwave can show a 3 year trading record Paul Young will think the time is right?
John, I agree that these are outstanding results but Kitwave are still unknown to the majority of investors so the share price is relatively low, given their prospects.
I've had a a great first month with KITW shares and plan to add when possible and hold for the long-term.
https://www.insidermedia.com/news/north-east/revenues-and-profits-soar-at-kitwave
Brilliant results topping my expectations on all metrics. A dividend boost will appeal to income seekers in these 'straightened' times.
A big uplift in interest as volumes hit c.600,000 on 66 deals yesterday. The stock is up 27% ytd ahead of results expected on the 28/3. Still a solid buy for the long'term investor.
Expansion of the product range into fresh food and higher margin commodities bodes well for this and next year. Fair value looks north of 300, so not up with events yet.
Morning all.
End of Jan Kitwave closed at 180 (I think, if i can find a space to bloody post) without being bombarded with ads nobody is interested in...which is seriously ******* off, so take that into account.
Something is happening in the background as rises out of the blue driving the shares up this quickly rarely happen without substance. I'm not complaining mind, as usually
they go the other way in my experience, so more than happy investors see value here.
Vols & deals are not great but this is a backwater Aim stock afterall so enjoy while it lasts or until the mrkts wake up to the obvious attractions. Wish I'd seen months ago but ain't that usually the way? Worst way a very solid hold if you have a view longer than your nose or nicking a few pence off the share price.
Evening all.