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KEYS Keystone Law Group Plc

635.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
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% 635.00 2,856 08:00:00
Bid Price Offer Price High Price Low Price Open Price
620.00 650.00 635.00 635.00 635.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Legal Services 87.93M 7.65M 0.2421 26.23 200.61M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:15:59 O 49 635.288 GBX

Keystone Law (KEYS) Latest News

Keystone Law (KEYS) Discussions and Chat

Keystone Law Forums and Chat

Date Time Title Posts
16/9/202417:12Keystone Law Group207

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Keystone Law (KEYS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:16:00635.2949311.29O
12:50:00635.106904,382.19O
12:40:53645.007704,966.50O
10:15:06636.003,74923,843.64O
10:15:02636.003,74923,843.64O

Keystone Law (KEYS) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 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 635p.
Keystone Law currently has 31,592,878 shares in issue. The market capitalisation of Keystone Law is £200,614,775.
Keystone Law has a price to earnings ratio (PE ratio) of 26.23.
This morning KEYS shares opened at 635p
Posted at 16/9/2024 17:12 by maddox
T-Raider,

KEYS have ascended into a larger company tax bracket that requires Corp Tax paid in the year - so they've been clobbered for this year and half of last year. So, cash position has suffered.

Apart from that all good and they are guiding a small beat for the full-year.
Posted at 29/4/2024 10:46 by t-raider
Not sure if JPM AM had any holding below the threshold, but now have over 5% holding. Guess that's where the directors shares went last week, as couldn't by all those in the open market without the price moving more substantially. Looking promising for Keystone Law !
Posted at 22/4/2024 22:20 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 16:39 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-principal remained robust in H2 (while I was fearing a slowdown). I am pretty optimistic the hiring environment for them has shifted materially and that the number of principals will continue to grow at a rate of 7-10% per year. Add on that revenue/principal growth of perhaps 3-5% and the company should definitely be able to hit annual earnings growth of 10-15% for many years to come. This company always delivers
Posted at 24/9/2023 06:59 by boozey
Tipped today in the Mail on Sunday:
Posted at 18/9/2023 08:55 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 28/4/2022 13:50 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 14/4/2022 08:27 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.
Keystone Law share price data is direct from the London Stock Exchange