Kinovo Share Discussion Threads

[nico115] 29/10/2021 15:11

Up 13pct why ?

[nico115] 29/10/2021 13:55

Why are we up today ?Odd as so easy to buy last few weeks ,loads of sellers

[nico115] 29/10/2021 12:49

Totally agree and I've been buying aggressively at 35.5p No idea why mkt doesn't like but I'm not complaining !!

[smartmoney100] 29/10/2021 12:47

Well done nico, I'm convinced that by bringing it to other investors attention you're doing them a favour 😄

[nico115] 29/10/2021 12:11

Maybe we better today Cos I tweeted my 100p target ? I really like this hence my 2.5m share holding Good luck to allOf us brave holders Bullen is a great ceo imho

[nico115] 29/10/2021 11:39

Yup I've bought quite a few Far too cheap

[smartmoney100] 29/10/2021 11:21

We're flying nico 😲

[smartmoney100] 25/10/2021 15:30

SP did move a couple weeks back :-)

[nico115] 25/10/2021 14:34

Most boring stock on Aim : (

[masurenguy] 06/10/2021 11:03

Wouldn't we all !

[nico115] 06/10/2021 10:58

Haha and me !!

[lord gnome] 06/10/2021 10:46

I'd rather it was boring at 50p instead of boring at 36p.

[nico115] 06/10/2021 08:32

Love it !!In this market boring is good !Huge outperformance as losers galore in smallers !

[masurenguy] 05/10/2021 15:09

"The more boring an industry is, the more predictable their future free cash flow is." Warren Buffett

“Beware the investment activity that produces applause - the great moves are usually greeted by yawns.” Warren Buffett

[nico115] 05/10/2021 14:35

Most boring stock on Aim

[masurenguy] 21/9/2021 16:58

Who knows ? On a comparative sales multiplier it could be circa 200p but that seems excessive. Don't know what Pimlico's EBITDA is. If their pretax profit was circa £4.5m (post #86) then the price would be based on a PER of circa 30. Far too many unknown figures and factors invoved where Pimlico is concerned but nevertheless an interesting PEG deal !

[nico115] 21/9/2021 16:45

What's that value Kinovo at ?

[masurenguy] 21/9/2021 16:33

Pimlico Plumber actually sold out for circa £145m !

Pimlico Plumbers sold to US group owned by KKR
21 September

Pimlico Plumbers has been sold to what is said to be the world’s largest franchiser of home service brands in a deal that is believed to value the business at up to £145 million, bolstering the fortune of its founder, Charlie Mullins. Neighborly, a US home services group owned by KKR, the private equity giant, said yesterday that the acquisition expands the group’s portfolio to 29 brands operating across nine countries and nearly 1,500 associates operating in nine countries. The company, which generates annual revenues of nearly $70 million, is run by his son, Scott Mullins, 49. He will keep his role as Pimlico’s leading executive after the acquisition. Mike Bidwell, president and CEO of Neighborly, said: “Pimlico’s wide array of trade services as well as its exceptional customer care perfectly align with Neighborly’s purpose, which is to build an extensive service community known for providing excellent experiences. We are excited for the growth to come for both Pimlico and Neighborly.”

Complete article:

[nico115] 21/9/2021 16:25

Do we want an mbo ?I want 100p 2 years out !!Short term no view This is a great 2 year story and Pimlico Bod has highlighted the value here Bullen is excellent

[qs99] 21/9/2021 16:20

Good posts thanks. The read across on the plumbing deal is v. encouraging I agree. Let's hope management think the same and an MBO can get this bagging again from here.

DYOR

[nico115] 21/9/2021 14:56

You have 600k !! Nice posi I think I'm at 2m So maybe we can block an MBO !! Lol

[wiganpunter] 21/9/2021 13:43

me too. Im now at around 1% . went through the last annual report in much detail again today. feel like they have 4 full time ev fitters and that number needs to grow but its also an opportunity and having had a home point fitted its not hard electrics.
just running the simple cashflow through on historic margins is clear too me that they can generate 12-15m in cash in the next 3 years . put that onto current market cap and you have c18p a share in cash with 4 good businesses on long term contract with the "green revolution" growth area.
really happy with "boring" and visible as I think it could get taken private / mbo with those cashflows or as you have been kind enough to share put the earnings on 12x ex cash and you can get to 80p plus comfortably.
only negative and it may just be historic job titles is they have 30 odd senior managers out of 263 employees. I suspect that comes from 4 firms under the umbrellas but equally they are spending money on IT to centralise everything so maybe some savings still to come.

[nico115] 16/9/2021 23:53

Thx v much for that Great scoop Totally agree and why I've added of late Not a short term punt No view over next 3 months I've invested on a 2 year view Maybe dead money for a while but I'm patient

[wiganpunter] 16/9/2021 21:06

nico115 / team hope you read the press today about pimlico plumbers selling out for £100m to us private equity. revs are c £44m and pre tax of £4.5m so its going for 2x revenues. whilst not a perfect Billy / kino read across for me it tells you there is appetite for "small" pe deals but in this space where the csh flow is good and leverage is small. as it happens kkr own a plumbing model in the usa so looks like would be added to that but nonetheless I see it as part fi why we own this name / see a lot of upside.