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Kellan Grp Share Discussion Threads
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|Mr Bell as noted in this thread and in loads more elsewhere is currently under investigation for serious HMRC irregularities.
Given it may result in heavy sentencing and confiscation of assets for Mr Bell Kellan is very much at risk from the outcome of those investigations.
By shifting the loans to a company rather than personal loans has to be good for the company and assuming the loans cannot be called in then extending them out to 2022 is welcome as well.
There is a reduction in the overall interest payable annually the RNS states but the 532,000 loan note being issue at 70% of par is like a ZDP so overall the payaback going to be around 12% and means 2022 will be an expensive year.
Also the other 2 large loans have increased in rate to 5% from 4% but seem to have slightly different terms (one is ‘fixed’ not sure what that means for the other) , they have been extended to 2022 as well rather than 2017.
The chairman states Its reduced the ‘ongoing’; financing costs but not by much given the above I guess. Also no trading update and none of this being repaid from trading cash flow.
So the company a little less reliant on Mr Bell short term but all these secured new loans mean very little room for the company to raise new finance from anyone else than Mr Bell or related parties.
Kellan needs to grow organically therefore and nothing suggesting it is doing that at the moment easily so not sure where any value lies for a PI until next set of results or trading update.|
|thoughts on deal?|
|mad how these tiddlers move suddenly|
|Results, today.....very positive.
|Anyone know when results coming and news on KLN main shareholder Mr Bell? The director disclosure this month led me to find that Mr Bell managed to lose £ 1.2 million in Human Capital Resources as per that company (Company number 05840816) statement of affairs on 12 Nov 2015 at Companies House. A little strange no other creditors lost money so perhaps not quite as bad as it might appear.|
|WARNING possible PUMP and DUMP starting with 21trader
look at his list of failures|
|No bad, not stellar results today. Operating efficiencies (if implemented correctly) should begin to take hold in the coming months. Lets see what full year results bring.|
|Price and valuation seems to have got ahead of itself based on those results
which are fair and much improved but the shareprice has risen 200% in the period
I'd be surprised if the price rose on those results.|
|Nice to see this moving. Given how the rest of the recruitment sector has done, I'd be suprised/disappointed if these guys haven't followed suit.|
|next interim due on 7th Sept, not much stock around, can now sell at 2.3|
|KLN - 2.45p now paid.|
|KLN - 30% riser over the past 5 wkg days.... and that mainly on small money value buys of abt £1000 each.
Still only a total of 200,000 shares showing on each side bid/ask on level 2.
Best bid/ask prices showing now 2.25/2.50p, with only 4x 50k lots in total from the 4 mm's, so the spread has tightened up. All the ask is now at 2.5p, which is unusual.
50k just been taken @ 2.25p, as I type.
Excellent to see the change in attitude to this stock which until recently, when trades were almost at a standstill. I think good things are expected here.
|3-4 wks for next results, I think. No date yet confirmed.
|kellan rising after the good results from Michael page today. I haven't seen this many trades on kellan for the last few months. In general recruiters such as page, hays and interquest have been doing well. Here's hoping HY results due next month are also good.|
|def was and is time to buy|
|Almost 7yrs on and it's now "wakey-wakey" time at KLN - well up the on the leader-board - 36.8% today, following other recent very decent daily upticks daily.
|Good to see the interest building here for KLN. Given the general climate for their sector and the work put in over many years now, there should be some upticks in their next set of numbers.
If that's the actual outcome then there's quite the possibility of some serious gains here.
|time to buy|
|Recruiters seem to be doing well. With some decent results these could test the high of 2014 in my view.|
|Given Michael Page results, perhaps the overall market will do well and drag KLN up with it!|
|40% not be be sniffed at! :)|
|They were very short of stock all the way up.
As they just announced a AGM and with no volumes I decided to help out the mm's with 150k sold at 1.19p.
might regret that later it does look a good recovery play but 40% profit is ok.|
|Any idea why this is ticking up?|
|Not surprising it's moving up after last set of excellent results and not much
stock about unless somebody turns up and bails out the mm's !|
|Been invested in kellan for last few years and the business news for Kellan and its market is good.
A known unknown however is the majority shareholder and lender to Kellan, Paul Bell, appears to be in a mess. After researching it over last few weeks he is difficult to profile. The known facts are that quite a few of his investments have failed - Silverdell early last year and then 666bet, ultrasis in the last 3 months. Many millions appear to have been lost by him on these investments.
The last 2 failures followed his arrest as part of a fraud probe (VAT related) - coming off a private jet at Heathrow in April 2015
On the positive side he has been a long term investor in Kellan and his money appears to me to have kept them going. If he was a forced seller for whatever reason unclear what would happen but the business as stated by others is streamlined, has some reasonable brands and relationships so should be worth comfortably more than the current value unless its some kind of fire sale.
Board seems independent and mgmt team are capable so interesting long term investment which might see some surprises short term.|