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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Keystone Law Group Plc | LSE:KEYS | London | Ordinary Share | GB00BZ020557 | ORD 0.2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 640.00 | 1,666,793 | 15:35:53 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 630.00 | 650.00 | 649.00 | 640.00 | 644.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Legal Services | 75.26M | 6.73M | 0.2145 | 29.84 | 200.95M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:25:30 | O | 309 | 646.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/4/2024 | 13:50 | UK RNS | Keystone Law Group PLC Director/PDMR Shareholding |
| 18/4/2024 | 11:50 | ALNC |  Keystone Law hails client demand as profit jumps; outlook confident |
| 18/4/2024 | 07:00 | UK RNS | Keystone Law Group PLC Final Results |
| 28/3/2024 | 11:07 | UK RNS | Keystone Law Group PLC Holding(s) in Company |
| 21/2/2024 | 11:25 | ALNC | Keystone Law up with revenue and profit set to beat expectations |
| 21/2/2024 | 07:00 | UK RNS | Keystone Law Group PLC Trading Update & Notice of Results |
| 09/10/2023 | 15:25 | UKREG | Keystone Law Group PLC Holding(s) in Company |
| 25/9/2023 | 11:54 | UKREG | Keystone Law Group PLC Director Shareholding |
| 21/9/2023 | 07:00 | UKREG | Keystone Law Group PLC Vesting of LTIP awards and PDMR notifications |
| 20/9/2023 | 15:50 | UKREG | Keystone Law Group PLC Holding(s) in Company |
Keystone Law (KEYS) Share Charts1 Year Keystone Law Chart |
|
1 Month Keystone Law Chart |
Intraday Keystone Law Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/4/2024 | 18:05 | Keystone Law Group | 201 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:25:31 | 646.00 | 309 | 1,996.14 | O |
| 15:17:44 | 647.00 | 75 | 485.25 | O |
| 14:54:16 | 646.00 | 1,060 | 6,847.60 | O |
| 14:48:48 | 637.00 | 551 | 3,509.87 | O |
| 14:46:25 | 655.00 | 6,228 | 40,793.40 | O |
| Top Posts |
|---|
Posted at 24/4/2024 09:20 by Keystone Law Daily Update Keystone Law Group Plc is listed in the Legal Services sector of the London Stock Exchange with ticker KEYS. The last closing price for Keystone Law was 640p.Keystone Law currently has 31,398,742 shares in issue. The market capitalisation of Keystone Law is £200,951,949. Keystone Law has a price to earnings ratio (PE ratio) of 29.84. This morning KEYS shares opened at 644p |
Posted at 22/4/2024 23:20 by maddox Great results that reveal the attractive business model. The key growth driver is the recruitment of high calibre lawyers – 8.5% growth in Principal Lawyers in FY24. Revenue growth of 15%, with gearing and margins widening, translated into PBT growth of 23%. However, this translated into after tax eps growth of 13% - held back due to the tax rate increasing from 19% to 25%.Revenue also benefitted from revenue per Principal growing 10%. Net Interest income of £961k on client funds was a new line of revenue generated by the current high interest rates. This firm is highly cash generative with a 96% conversion ratio and has plenty of capacity to increase the future dividend pay-out. On a historic basis KEYS paid 30.8p dividends, including the Special Dividend a c.4.6% yield. The quality of the new intake of lawyers looks particularly good – this enhances the firms’ reputation and attracts more high-quality lawyers. KEYS has been the trail blazer of the platform model, but it is now gaining in popularity with circa 50 other firms emulating their platform model with some 3.5k lawyers. KEYS believe that their position at the lead of this growing trend is advantageous for recruitment and future growth. The Outlook statement is also positive, ‘2025 has started well. Our lawyers remain busy and early recruitment activity provides us with confidence in the year ahead.’ KEYS is a capital light, growth firm and prodigious cash generator. |
Posted at 17/4/2024 17:39 by sharesoc We're hosting a SIGnet Follow-Up Meeting on 8/5/24 at 7pm to analyse KEYS' Full Year Results presentation with IMC. SIGnet members can register here: |
Posted at 21/2/2024 11:50 by t-raider Unlike the share price With cap gains going down to just £3k no wonder people are giving up investing here. I like Keystone and just hope value is seen at some stage.I have a few UK companies doing great whilst their share prices stagnate.So frustrating... |
Posted at 21/2/2024 07:16 by tkamp Strong update from KEYS. Ending the year with 432 principals was ahead of my forecasts. Numbers imply that revenue-per-principa |
Posted at 24/9/2023 07:59 by boozey Tipped today in the Mail on Sunday: |
Posted at 18/9/2023 09:55 by maddox Great to see KEYS have rediscovered their ability to recruit lawyers to their platform. To have an 'FY 2024 outlook comfortably ahead of current market expectations' is wonderful in the current economic gloom. This underlines the uncorrelated nature of legal services sector as an investment proposition. Positive potential read-across to other legal firms with 12.2% increase in client billing. It would be useful to get a more detailed understanding of the sub-sector drivers to the increased billing.More specifically, KEYS attractive business model shines through as this 14.9% growth in revenue translates into a 29.3% increase in PBT to £5.3 million (1H23: £4.1m) and 16.2% increase in basic eps 12.2p (1H23: 10.5p). The capital light nature of the business then generates strong operating cash conversion of 113.3%. This high gearing is a huge plus point. Regards Maddox |
Posted at 10/5/2022 12:36 by alphabeta4 I can only assume Maddox IC are referring to keys central staff, but yes, in terms of lawyer wage inflation that would help keys revenue and will be a bigger number than their central costs increase. |
Posted at 28/4/2022 14:50 by maddox Investors Chronicle KEYS Buy 705p 'Keystone stands out from legal crowd''Law firm’s clever business delivers strong growth, in spite of tight jobs market' The journalist Jemma Slingo says 'Wage inflation is a big problem for law firms, whose success is rooted in the quality of their solicitors. So far, however, Keystone seems to have dodged the worst.' Surely, but tell me if I'm wrong, KEYS benefits from wage inflation - as they don't pay their Lawyers - they take a slice of their income. |
Posted at 28/4/2022 12:57 by maddox Thanks tkamp,The Knights (KGH)update now appears anomalous, perhaps attributing to the market what was more an in-house problem? RBGP's subsequent strong results put that concern to rest in my mind. Also, I may be wrong, but I doubt that Russian Oligarchs are driving KEYS' Lawyers' revenue. As to recession, it's the largely uncorrelated nature of the Legal Services Market that I find appealing. Some parts of the Legal Services Sector do well out of a poor business climate and disruption (Litigation, Family, Restructuring, Insolvency) that balance those that are supressed (Property, Corporate activity). How KEYS respond to changing market conditions is definitely something to keep an eye on. Thanks for your thoughts again, always good to have different perspectives. Regards Maddox |
Posted at 14/4/2022 09:27 by tkamp Keystone's USP isn't remote working though, or it's only a tiny part of it. No lawyer left their old job to join Keystone simply so that they could work from their own home, they joined Keystone because they could basically 'be their own boss', i.e. only accept work and clients they want to work with, keep a fixed share of the earnings derived from these clients, and don't have to participate in office politics to secure a promotion / meet your annual targets, etc. That is something Keystone offers that traditional law firms do not offer, and likely never will. And I am pretty sure the attraction of that value proposition of being your own boss has only strengthened since COVID. |
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