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KEYS Keystone Law Group Plc

600.00
0.00 (0.00%)
28 Mar 2024 - Closed
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 600.00 590.00 610.00 600.00 589.00 600.00 25,214 08:00:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Legal Services 75.26M 6.73M 0.2145 27.97 188.39M
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 600p. Over the last year, Keystone Law shares have traded in a share price range of 385.50p to 630.00p.

Keystone Law currently has 31,398,742 shares in issue. The market capitalisation of Keystone Law is £188.39 million. Keystone Law has a price to earnings ratio (PE ratio) of 27.97.

Keystone Law Share Discussion Threads

Showing 26 to 50 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
03/5/2018
17:04
I see, the odd thing is though that even with several million shares being sold that the share price movement today doesn't seem to reflect it.
bristolwest
03/5/2018
08:51
Director sells aren't bad when he owned 35%+ of the company and they were sold to meet institutional demand. Look at Fevertree and Blue Prism - as the value rerates it will happen all the way up assuming the business grows as expected.
nimbo1
03/5/2018
08:30
Hi there I've just joined Advin. I've been looking at KEYS since before it launched but not dipped in yet. What's the story with the director sell offs yesterday then and how does that relate to the share price rising sharply today I wonder??
bristolwest
03/5/2018
08:15
This is doing very nicely at the moment
wingrove4
30/4/2018
15:15
Yes not my greatest timed exit either - you have to act in accordance with your own judgement though. Certainly can't always be right.
hydrus
30/4/2018
15:12
Not the most timely exit Nurdin, though I’m seeing W7L make a similar rise after my exit last week. Still lost opportunities only exist in the mind and leave no trace on the Portfolio thankfully.

These shares are pretty expensive now no doubt due to the disruptive nature of the business. Hopefully the forecasts have been purposely cautious and leave scope for further upgrades.

Newsflow from GOR overdue...

quant_investor
29/4/2018
06:08
I suspect this is just getting started.

I know several high flying lawyers in their 30's - none of them really like their jobs as they are stressful, time is not your own and some of the people at the top aren't pleasant to work for.

Offer a lawyer the potential to earn more money, on their own time sheet, without having to commute into the city or chancery lane and you have something very attractive.

With the profile raising IPO I bet they are now inundated with applications and therefore this could grow very quickly.

Risks are there as you've identified of course.

nimbo1
25/4/2018
07:06
I have sold too for the same reason Hydrus
nurdin
25/4/2018
07:05
I decided to sell - I was hoping for a little bit more re growth (it's pretty good but on a high rating) and with the potential IR35 issue I felt the multiple was too high to warrant sticking with these. Will keep watching though.
hydrus
25/4/2018
07:05
Good results. Should see some broker upgrade soon ...hopefully. Still holding and may buy more on any dip
nickjoseph
25/4/2018
07:01
cheers...I asked because the results are below consensus
nurdin
25/4/2018
06:57
Yes they were revised upwards from 6.4p EPS
hydrus
25/4/2018
06:36
I wonder if the brokers forecasts were adjusted after their 'ahead' statement.
nurdin
24/4/2018
17:02
Sounds a sensible strategy
nurdin
24/4/2018
16:59
I reduced my position here a while ago as a result of that risk. It may affect them but I decided to live with that risk but at a lower investment level.
hydrus
24/4/2018
16:51
ok thanks jonwig and Hydrus.Results tomorrow should be interesting.

Are any of your companies affected by IR35? I know KEYS model is different and leaves them more susceptible to the regulation than any other law firm but they have been operating since 2002 and HMRC have left them alone so far...would be interested in yours, or anybody else's thoughts for that matter, on the subject..

nurdin
24/4/2018
16:48
I'm here still - tomorrow should be interesting we already know they've been doing well but how well is the question.
hydrus
24/4/2018
16:35
Looks like it, nurdin! Doing well, anyway.

I already had the first two firms (GTLY, GOR) so didn't buy these. A fourth is coming to market soon, Rosenblatt.

jonwig
24/4/2018
16:31
Am I the only one left here?No comment from others for nearly 2 months!
nurdin
13/4/2018
10:18
Nice bounce...results to be 'comfortably ahead'
nurdin
23/2/2018
09:13
Thanks Nurdin - helpful. If they have added 35 since July then it looks more like the rate is increasing and in course to add 60-70 by July this year.The last point is interesting - guess it would be a pain for a firm to pursue and also why upset a client who may one day want to use the firm again.
hydrus
23/2/2018
09:02
For what its worth,had a brief chat with the Company yesterday to clear up a few concerns I had.The key points which came out from our discussions were:

-they currently have 276 lawyers on their books.That is an increase of some 35 from July last year.Seems to me staff numbers are growing quite linearly,adding some 30-40 staff each year.

-churn rate.Very low..not many want to leave once they have joined!

-growth both from recruitment of new staff and from existing staff bringing in new customers.

-yes while it is true that new staff are restricted by provisions in their employment contracts with their previous firms which prevents them taking their client with them,the provision is not enforced rigidly in practice.I guess the previous owners accept that there is nothing much they can do about it if a client wants to move with the lawyer.

Hope that helps.

nurdin
17/2/2018
17:58
One of the risks outlined in the admission document is whether a court might decide KEYS contracted lawyers are actually employees. That would be a game changer I imagine for their model. However, having briefly read up on employment law definition of employees I suspect they would have a good chance of batting it back.
hydrus
17/2/2018
16:50
@ Hydrus - yes, in a partnership, the company's assets belong to the partners, so leaving can lead to complications. Details? Can't help.

GTLY replaces this with share incentive plans which is a logical development for a plc. They've managed to attract a lot of staff from other firms because of this.

I really should get round to reading the KEYS prospectus.

jonwig
17/2/2018
15:47
In terms of recruitment of new lawyers my understanding based on the admissions document is they look for experienced lawyers at other practices who bring clients with them. However, I would have thought legal firms would have provisions in employment contracts to stop lawyers leaving and working with existing clients for a period (perhaps 12 months or so). I'd be interested if anyone had perspective on whether this is a challenge for KEYS? I am invested here. I do like the model and the financial metrics are stunning. ROCE and cash generation are good and margins clearly accelerating due to operational gearing. The rate of profit growth bodes very well for a successful investment.
hydrus
Chat Pages: 8  7  6  5  4  3  2  1

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