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Keystone Law Group Plc (KEYS)
Keystone Law Group Plc (KEYS) Dividends

Share Name	Share Symbol	Market	Stock Type
Keystone Law Group Plc	KEYS	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.0%	449.00	08:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
449.00	449.00	449.00		449.00

more quote information »

Industry Sector
HOUSEHOLD GOODS & HOME CONSTRUCTION

Keystone Law KEYS Dividends History

Announcement Date	Type	Currency	Dividend Amount	Ex Date	Record Date	Payment Date
24/04/2023	Final	GBP	0.109	15/06/2023	16/06/2023	07/07/2023
15/09/2022	Interim	GBP	0.052	22/09/2022	23/09/2022	14/10/2022
28/04/2022	Special	GBP	0.1	16/06/2022	17/06/2022	08/07/2022
28/04/2022	Final	GBP	0.112	16/06/2022	17/06/2022	08/07/2022
16/09/2021	Interim	GBP	0.045	23/09/2021	24/09/2021	15/10/2021
29/04/2021	Final	GBP	0.106	10/06/2021	11/06/2021	09/07/2021
14/09/2020	Interim	GBP	0.066	24/09/2020	25/09/2020	16/10/2020
23/09/2019	Special	GBP	0.08	03/10/2019	04/10/2019	25/10/2019
23/09/2019	Interim	GBP	0.032	03/10/2019	04/10/2019	25/10/2019
08/05/2019	Final	GBP	0.065	13/06/2019	14/06/2019	12/07/2019
25/09/2018	Interim	GBP	0.025	04/10/2018	05/10/2018	26/10/2018

Top Dividend Posts

Top Posts
Posted at 24/4/2023 09:55 by maddox Very solid results - beating the market analyst consensus forecasts. Highlights: >> Revenue £75.3 million (2022: £69.6 million) growth of 8.1%; >> PBT of £8.4 million (2022: £8.4 million); >> Adjusted basic EPS of 24.2 pence, up 2.5% from 23.6 pence; >> Cash conversion at 96.5% £9.3 million (2022: £10.0 million); debt-free; >> Final dividend of 10.9p (2022: 11.2p), bringing total DPS for the year to 16.1p (2022: 15.7p). Lawyer recruitment - the key growth driver - is under pressure in a highly competitive market. Hopefully, the return to face-to-face events and networking will help recruitment recover. Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
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. httPs://www.investorschronicle.co.uk/news/2022/04/28/keystone-stands-out-from-legal-crowd/ Read Full Thread Follow Reply
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 Read Full Thread Follow Reply
Posted at 28/4/2022 10:22 by maddox These are a sparkling set of results (FY to 30Jan22) - particularly in the circumstances of Covid. Really demonstrates the strength in the KEYS platform approach driving high-quality earnings. Whilst the growth in the number of Principle Lawyers recruited grew by a respectable 6.7% during the year the revenue grew 26.5% in a strong legal services market. However, this translated into PBT growth of 55% and basic eps up 42.7% showing superior Operational Gearing and Cash generation - 102% cash conversion. The final dividend of 11.2p gives a +48% for the full year and a 10p Special Dividend on-top. KEYS' capital-light and operationally-light platform model is clearly strategically strong. Based on the outlook statement, it remains attractive: >> The current financial year has started well with lawyers remaining busy. >> We have made a fair start on recruitment, continuing to attract high quality candidates. >> Well placed to deliver another strong performance. Can anyone find something of concern in these results - because I can't? Regards, Maddox Read Full Thread Follow Reply
Posted at 28/4/2022 08:50 by investing2retire ive bought back in after todays update. looks good especially with the special divi Read Full Thread Follow Reply
Posted at 21/2/2022 18:26 by km18 ...from last year... Company overview: Keystone Law was established in 2002 by a group of pioneering lawyers. The firm bases its business model on modern working practices and offers bespoke and dynamic service. KEYS is serving thousands of clients , including RBS, Siemens, Bosch, BBC, through its 350 lawyers and 45 support staff. In their latest report the company confirms its commitment to boost organic growth through recruitment with principles increase from 369 to 386 and pod members from 74 to 83 during the interim. This is further supported by a close look at the financials, as the last acquisition was in 2015. The goodwill has not been impaired during the last 5 years and should be observed with caution, but with a net income matching the whole goodwill amount, this should not drive the bottom line in the red. Fundamentals of the company are a joy to look at. Revenue CAGR is currently at 21.4%, which is transformed to a whopping 51.1% on net profit level. EPS has grown every year in the past 6 years and ROCE is at 30.7%. The issue is that you pay for this outstanding performance. P/E for 2020 was at 55.4, which if they managed to meet the growth pencilled on Stockopedia will drop to 43 for this period and 38.3 in 2023 The interim report from today presents a growth in revenues of 37.6% compared to last year’s (H1 2021 for them as financial year ends in January) equivalent period, at £33.7m. PBT is 118% up from the H1 2021 at £4.3m and EPS of 10.8p is 109% ahead. Keystone saw strong cash generation and remained debt free. The firm is enjoying high activity levels across all practices and the outlook is for it to remain “buoyant”. With the restrictions relaxing and returning to office the management foresees performance will be “materially ahead of current market expectations” for the rest of the year. Short analysis: Cash increased due to strong CFO even in the presence of repayments of lease liabilities CA/CL = 1.67 Cash ratio = 0.46 Interest coverage = 90.06 P/S TTM = 4.33, which is on the expensive side of the industry BV ps (2020) = 53, growing at 94.8% CAGR Operating profit Gross profit Margin 26.5%, vs 25.8% H1 2021... ...from WealthOracleAM https://wealthoracle.co.uk/detailed-result-full/KEYS/142 Read Full Thread Follow Reply
Posted at 26/11/2021 08:37 by tomps2 Alexandra Jackson Interview with PIWORLD Alexandra Jackson mentions Keystone Law #KEYS at 6m05s in the latest PIWORLD interview Watch the video here: Https://www.piworld.co.uk/education-videos/piworld-interview-with-alexander-jackson-selecting-winning-stocks/ Or listen to the podcast here: Https://piworld.podbean.com/e/piworld-interview-with-alexander-jackson-selecting-winning-stocks/ Read Full Thread Follow Reply
Posted at 21/1/2021 17:34 by maddox We had a inkling that legal services were experiencing strong demand back in October when RBGP reported 'Rosenblatt Limited ("RBL") has continued to trade well with case value and volumes remaining significantly ahead year-on-year.' KEYS in November were a bit more measured 'performed well throughout the second half to date' despite Covid-19, and 'now expects to deliver profits for the year comfortably ahead of current market expectations' This has now become the far more positive 'expects to report adjusted profit before tax for the period which will be materially ahead of current market expectations' Always think it useful to understand how the results/updates narrative is pitched and how well performance correlates across the different firms and markets. Does anyone have good insight into the drivers of this demand? Is WFH generating a lot of divorce cases for example? Read Full Thread Follow Reply
Posted at 21/1/2021 08:40 by alphabeta4 Very impressive update, taking the usual 'materially ahead' to mean at least 10% then pbt forecast at least £5.61m. Would imply H2 pbt of at least £3.4m. Cash at interims was £6.9m, £1m dividend paid since, £3.4m x say 80% is £2.72m. £4.4m cash on finals so now have c£4.22m extra cash vs then or c14p a share. Last year pbt £5.8m so forecast now circa 3% under. Share price back then £6.20, implies (£6.200.97)+14p for £6.16 minimum target. Seeing as consensus forecast forward pbt was £6.41m back then and they have just done £3.4m H2 would imply there's a case prospects are more solid vs back then (presumably from underlying business growth from fact they've still been adding partners in the recession). If so then could be further upside on the £6.14. A cautious £6.8m pbt forecast (£3.4m2) would add another 6% to this target (6.8/6.4) for a target price of £6.52. All IMHO of course but enough for me to have added this morning, looks a quick 20% available and potential for positive surprises. Read Full Thread Follow Reply

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