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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 | 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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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 |
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