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KLSO Kelso Group Holdings Plc

3.05
0.00 (0.00%)
Last Updated: 08:01:21
Delayed by 15 minutes
Kelso Investors - KLSO

Kelso Investors - KLSO

Share Name Share Symbol Market Stock Type
Kelso Group Holdings Plc KLSO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 3.05 08:01:21
Open Price Low Price High Price Close Price Previous Close
3.05
more quote information »
Industry Sector
CONSTRUCTION & MATERIALS

Top Investor Posts

Top Posts
Posted at 01/12/2023 09:29 by a2584728
Any investor making that kind of investment would do DD before investing. However I take your point.
Posted at 17/5/2023 13:17 by melloteam
Just to let shareholders and prospective investors know that Kelso will be presenting & exhibiting on the 23rd of May next week at Mello2023.

We have created a two day physical investor conference (23rd & 24th May) at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.
Posted at 30/3/2023 16:27 by billy ray
Dave,

I had THG on my watchlist and then KLSO came to my attention in January after the announcement of its initial 5m purchase of THG shares.

What interested me about KLSO was:
>The quality / track record of the BOD
>Management’;s high equity holding (~20%, so ‘owner’s eye’ / alignment with shareholders) and its decision not to take salaries (I like frugality in management)
>KLSO is looking at all undervalued stocks on the London market – to date, it happens to have only taken a position in THG but that doesn’t stop it taking positions and becoming activist investors in other companies in future.

So I’ll admit it was a bit of coin toss for me between KLSO and THG but I ultimately decided to buy KLSO as I like the idea of owning a company run by activist investors with strong track records in the City, and also that the focus wouldn’t necessarily just be on one stock, which added diversification from simply buying THG.

Buying KLSO is the riskier / more speculative play, IMO, as management’s full strategy is not yet apparent but I’m happy to trust the BOD to act in shareholders’ interests.

With regards to the spread, this did put me off somewhat initially – I think when I first looked at KLSO, the spread was around 40%! But, as KLSO becomes a larger, more valuable company, the spread should narrow. For now, I’m not looking to sell any (so the spread doesn’t really bother me) and I’m happy to simply add shares and sit back for a few years and see what the BOD can achieve.

Only in a few years’ time will I know whether the decision I’ve made is the correct one by comparing the relative increases in both KLSO’s and THG’s share prices over that time period. But, at a minimum, if THG does well (which I think it will) then KLSO will also do well so my less than ideal entry price* shouldn’t matter too much (hopefully).
*I added a few more this afternoon, so my average is now 5.1p
Posted at 22/3/2023 12:42 by billy ray
Well, I've been adding to KLSO over the last couple of days.
THG now up nearly 30% from its lows over the last 3 days and KLSO has hardly budged, so KLSO is the obvious play IMO.
Just need to sit back now and wait for the (hopefully) positive THG/KLSO newsflow over the coming weeks / months. With all these activist investors getting involved in THG (and not just KLSO) there's clearly something afoot.
The market seems totally focused on THG... but will eventually wake up to KLSO too IMO.
Posted at 19/3/2023 19:53 by intoodeep
Sunday times - Activist investors take THG stake and pile pressure on Matt MouldingToday 00:37
"An activist hedge fund, founded by a former executive of the fearsome US firm Elliott Advisors, has taken a stake in THG, leaving the troubled online retailer contending with two activists on its sharebolder register.

London-based Sparta Capital recently bought THG shares, which have tumbled amid concerns over governance and tough trading conditions.

Meanwhile, Kelso, an activist that disclosed a 0.4 per cent stake in THG in January, is thought to be on the verge of going public with its recommendations to the board. Kelso, led by City veteran John Goold, is expected to urge THG to move its shares to the premium segment of the main market.

THG, owner of Myprotein and Cult Beauty, said almost 18 months ago that founder and chief executive Matt Moulding would give up his golden share, which gives him the power to veto hostile takeover bids. It will need to be relinquished for THG to attain a premium listing.

In September, THG said it intended to join that segment, but cautioned that the timing would depend on the outcome of a regulatory review into the listing regime.

Sparta, founded in 2021 by ex-Elliott portfolio manager Franck Tuil, publicly urged engineer John Wood Group last December to start buying back its shares. As well as waging activist campaigns, Sparta seeks to engage with its target companies. Tuil led Elliott’s purchase of AC Milan."
Posted at 08/12/2022 11:55 by pwhite73
I totally misjudged what was going on here. The sharp rise in the share price was due to a bear squeeze. Apparently 150 million shares of 2p was due to hit the markets on 28/11/2022 but this was blocked by the FCA as the company needed to issue a prospectus. With people having sold shares that did not exist this led to a bear squeeze. The prospectus has yet to be issued so there are currently only 47.5 million shares in issue not the 197 million as per the RNS of 23/11/2022.

When/if the prospectus is issued I expect the share price to drop back to 2p then continue to rise as they inform of their investments and new institutional investors come on board.
Posted at 06/12/2022 15:14 by intoodeep
9.8 v 7.5 23% but who really cares unless you're a day trader or a deramping troll?

Investors can see the broader horizon here
Posted at 06/12/2022 10:41 by pwhite73
When I said flood the market I meant all trying to sell at once. The MMs can go NT or lower the price to a level they believe they can sell them on for at a profit. With a proven management team, cash in hand and no debt investors clearly like what they've seen so far hence the 300% rise from 2p only two weeks ago.
Posted at 05/12/2022 08:53 by intoodeep
John Goold Chief Executive Officer
Mark Kirkland Chief Financial Officer
Jamie Brooke Chief Investment Officer

John Goold, 51, qualified as a chartered accountant in London with Touche Ross in 1996 before a 25 year career in the City raising growth capital and advising small and mid cap companies. John initially started in corporate finance before moving into equity sales and corporate broking where he spent most of his career. During his career, John has helped raise over £5.0 billion for his clients much of which was while he was Chief Executive of Zeus from 2012 to 2021.


Mark Kirkland, 54, qualified as a chartered accountant with Price Waterhouse Coopers in London and has gained extensive corporate experience gained over 30 years having held numerous senior roles in public and private companies. Mark's initial career was in corporate finance predominantly with UBS. Mark has been CFO of numerous public and private companies and latterly was CEO of Delin Property, a pan European Logistics developer, investor and manager. He is currently a Non-Executive Director at Strix Group plc and an adviser to DP World.

Jamie Brooke, 51, has over 25 years investment experience and has been a director on over 20 company boards. He was formerly lead fund manager for the Hanover Catalyst Fund. Prior to this, he spent 12 years with the top-rated Volantis team, specialising in strategic and active UK small cap equity investing, where he was lead fund manager for the Volantis Catalyst Funds and led the team's corporate engagement strategy. Earlier experience was gained at 3i and Quester in private equity, after qualifying as a Chartered Accountant with Deloitte. Jamie read Maths at Oxford University and is currently NED at Oryx International Growth Fund Ltd, Chapel Down Group plc and Flowtech Fluidpower plc.