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Pin to quick picksKitwave Share News (KITW)

Share Price Information for Kitwave (KITW)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 289.00
Bid: 288.50
Ask: 290.00
Change: 4.00 (1.40%)
Spread: 1.50 (0.52%)
Open: 285.00
High: 290.50
Low: 284.50
Prev. Close: 285.00
KITW Live PriceLast checked at -

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Sunday share tips: UK shares, Kitwave

Sun, 07th Jul 2024 10:15

(Sharecast News) - Investment specialists are positive on the outlook for shares in the UK in the wake of Labour's victory, the Financial Mail on Sunday's Midas column said.

That was not necessarily because of Labour's economic agenda, so much as due to its "thumping" majority in the House of Commons, the tipster said, which should put the country on a steadier footing.

Indeed, an analysis of the FTSE All Share by Fidelity Research showed that to be the case. It's not the colour of government that matters, but whether the government is strong and stable.

Fidelity investment expert Tom Stevenson meanwhile pointed out to Midas how cheap the UK stock market was, whether by historic standards or relative to peers such as the US.

Clive Beagles, joint manager of the J O Hambro Capital Management UK Equity Income fund was in a similar frame of mind.

In his opinion, some UK stocks had the potential to double or more in price.

Improved consumer confidence, rising real wages and the unleashing of a "vast" amount of personal savings that had been stashed during the 2020 lockdown could drive the market higher, led by consumer stocks, Beagles said.

The Sunday Times's Lucy Tobin tipped shares of Kitwave to her readers

During the week just ended, the food and drink wholesaler had warned of the impact that the wet weather over the year-to-date was having on business, including the impact on its customers in the hospitality sector.

Capital expenditures and acquisition also played a hand in the drop in the company's first half operating profits.

The shares duly fell.

Kitwave's new boss was planning to introduce more robotics at its warehouses and AI for routing software and invoicing.

Even so, and despite the rain, the company was still on track to meet consensus estimates for the year.

"That's thanks to a boost from its deal-making and a soft July and August last year," Tobin explained.

She also cited analyst Mark Photiades at Canaccord Genuity, according to whom the shares' valuation was "low" given the company's "strong" cash generation, robust balance sheet and the opportunities for consolidation that were still available.

"Results look set to improve: stock up on Kitwave."

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7 Nov 2024 14:30

Kitwave to meet market full-year expectations as it trades inline

(Alliance News) - Kitwave Group PLC on Thursday said it expects to report inline with expectations for the full-year following robust trading over the summer.

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25 Sep 2024 08:01

Canaccord Genuity raises target price Kitwave following Creed Catering acquisition

(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on foodservice wholesaler Kitwave from 455.0p to 495.0p on Wednesday following the group's £70.0m cash acquisition of Creed Catering Supplies.

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3 Sep 2024 21:28

EARNINGS AND TRADING: STV swings to profit; Kitwave enjoys busy summer

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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3 Sep 2024 08:54

Kitwave reports robust summer trading

(Sharecast News) - Kitwave Group reported positive trading in an update for the four months ended 31 August on Tuesday, indicating robust performance during its traditionally-busiest period.

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26 Jul 2024 13:44

UK dividends calendar - next 7 days

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4 Jul 2024 12:13

UK dividends calendar - next 7 days

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2 Jul 2024 12:53

Kitwave hikes first-half dividend despite weaker earnings

(Sharecast News) - Kitwave Group reported an 8% increase in first-half revenue on Tuesday, to £297m for the six months ended 30 April, compared to £275m for the same period last year.

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2 Jul 2024 11:18

Kitwave profit falls despite revenue growth but optimistic for future

(Alliance News) - Kitwave Group PLC on Tuesday said it is eyeing opportunities to increase revenue as it reported a fall in interim profit amid higher costs, but announced a higher payout.

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25 Jun 2024 14:32

UK earnings, trading statements calendar - next 7 days

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2 May 2024 12:26

Kitwave trades in line with annual expectations despite revenue fall

(Alliance News) - Kitwave Group PLC on Thursday said it continued to trade in line with current market expectations for its financial year ending October 31, despite expecting half-year revenue to fall.

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2 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

(Alliance News) - London's FTSE 100 was solidly higher on Thursday, outperforming European peers, as earnings from the likes of Shell and Standard Chartered impressed.

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2 May 2024 10:32

Kitwave confident despite recent trading weakness

(Sharecast News) - Kitwave Group said in a trading update on Thursday that it was maintaining its performance in line with current market expectations for the year ending 31 October.

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19 Apr 2024 13:09

UK dividends calendar - next 7 days

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17 Apr 2024 22:01

IN BRIEF: Kitwave director's spouse sells 175,000 shares

Kitwave Group PLC - North Shields, England-based food wholesaler - Tina Hope, wife of Group Operations Director John Hope, sells 175,000 shares in Kitwave on Wednesday at 363 pence per share. Her current total holding is 137,119 shares or around 0.2% of the company's issued share capital.

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