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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kitwave Group Plc | KITW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 314.00 | 16:35:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 315.50 | 312.00 | 316.00 | 314.00 | 314.00 |
| Industry Sector |
|---|
| PERSONAL GOODS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 02/07/2024 | Interim | GBP | 0.0385 | 11/07/2024 | 12/07/2024 | 02/08/2024 |
| 27/02/2024 | Final | GBP | 0.0745 | 04/04/2024 | 05/04/2024 | 26/04/2024 |
| 04/07/2023 | Interim | GBP | 0.0375 | 13/07/2023 | 14/07/2023 | 04/08/2023 |
| 28/02/2023 | Final | GBP | 0.0675 | 06/04/2023 | 11/04/2023 | 28/04/2023 |
| 05/07/2022 | Interim | GBP | 0.025 | 14/07/2022 | 15/07/2022 | 05/08/2022 |
| 28/02/2022 | Final | GBP | 0.045 | 07/04/2022 | 08/04/2022 | 29/04/2022 |
| 27/07/2021 | Interim | GBP | 0.0225 | 05/08/2021 | 06/08/2021 | 27/08/2021 |
| Top Posts |
|---|
Posted at 29/12/2024 14:33 by igoe104 Good writeup on KITW subsidiaries..Paul Hill visits Westcountry Foodservice’s new £3m Devon facility, and finds out about the merger of the MJ Baker and WestCountry operations. |
Posted at 27/9/2024 12:41 by igoe104 Judith Mckensie talks about KITW about 60 minutes in. |
Posted at 24/9/2024 15:07 by riverman77 That said I don't like the constant stream of director sells over past year, and also wondering if KITW could be exposed to rising wage costs given that it is fairly low margin - CARD took a pasting today from that. |
Posted at 16/9/2024 17:05 by igoe104 Kitw talked about by fund manager |
Posted at 03/9/2024 06:08 by igoe104 Looks like KITW have turned the slow start to the year around. (Because of the rain) and are back Inline. Good stuff. |
Posted at 09/7/2024 14:24 by igoe104 Don't think we have had continued Rainfall, apart from today, the weather been decent since May...And with Euros and Olympic summer, Kitw should do well.. especially over the July and August period... As Cavendish mentioned, Kitw could still have a upgrade... |
Posted at 09/7/2024 13:53 by igoe104 KITW talked about positively by this Marlborough fund manager. |
Posted at 28/3/2024 08:17 by someuwin Canaccord reireates BUY and ups TargetValuation and recommendation The shares have traded strongly across 2024, up 38% YTD. On revised estimates, Kitwave trades on 11.9x Oct'24E PER falling to 11.1x Oct’25E with an Oct’24E/Oct |
Posted at 18/3/2024 17:43 by petersinthemarket 16 March 2024: MIDAS SHARE TIPS: Food delivery giant Kitwave caters to all our needs: About twenty years before his final defeat at Waterloo, Napoleon is said to have described England as ‘a nation of shopkeepers’. The claim was considered offensive, Napoleon got his comeuppance and today Britain prides itself on its retail qualities. In food and drink alone, there are around 90,000 independent stores across the country catering to our last-minute, local and impulse needs. But we are a country that also likes a coffee, a pint or a bite to eat, and around 350,000 outlets offer just that service, from the Highlands to the Cornish coast. Kitwave helps these businesses function by supplying name-brand food and drinks to more than 40,000 convenience stores, cafes and caterers across the country. Petrol stations, care homes, gyms and schools are also among the group’s client base, but in both cases Kitwave is very focused on delivering what businesses want, when they need it, at a price they can afford. The strategy is working and Kitwave shares, valued at £3.42, should pay off. The company, based in North Shields, a few miles from Newcastle, started in 1987 with one self-service store. Today, almost 5,000 deliveries are made per day from 30 depots. Orders vary in shape and size, but Kitwave specializes in small, frequent deliveries, averaging £350 each time. Chilled and frozen products are particularly popular with retailers, while eateries source almost all their products from Kitwave, except fresh meat and fish. The company’s range is extensive, with 44,000 individual products, from Magnum ice cream and McCain crisps to chips and cola to onions and lettuce. Choc full of products: Kitwave’s range includes Magnum, advertised by Kylie Minogue Customers don’t pay delivery fees, so Kitwave makes money by adding a surcharge to the products sold. However, margins are small and many companies prefer to have their goods delivered rather than going to self-service stores. The results for the twelve months to October 31st prove this point. Turnover rose 20 percent to £602 million, pre-tax profits rose 39 percent to £25 million and the dividend rose 21 percent to 11.2p. Looking ahead, there is ample potential for continued strong growth. The wholesale market is huge, with an annual turnover of almost £25 billion, excluding cigarettes. Big players account for more than half of revenues, but there is still around £10bn left in the hands of independent operators. Here Kitwave is doing better than most other companies, with growth that far exceeds its peers. The independent market is also highly fragmented, with hundreds of small players owning one or two depots and serving only local customers. This makes for attractive acquisitions for Kitwave, so the group has completed thirteen deals in recent years and more are expected. Founder Paul Young, 67, is retiring this summer, but his successor, Ben Maxted, has been with the company for more than a decade and knows it inside out. In its early 40s, Maxted is eager to improve profit margins and productivity by making the most of technology, from driver route planners to headsets that help warehouse workers navigate orders more effectively.Online ordering is also increasing, with the average number of orders growing as customers are presented with a plethora of product options. There is also a pipeline of acquisitions, as Maxted and chief financial officer David Brind have a wide network of contacts and can find deals before they hit the open market. However, there will be no radical departure from Young’s proven formula. Delivering thousands of goods to thousands of customers day in and day out is a demanding task. Anything can go wrong and customers can be fickle. Kitwave’s success is based on developing relationships with its suppliers, understanding its customers and ensuring that goods are in stock and delivered on time to the businesses that need them. The company joined Aim in 2021 and is reaping the rewards with greater recognition across the market. Brokers are optimistic about the prospects, predicting turnover of £660 million and profits of £29 million for this year, with a dividend of 12.7p. Maxted and Brind are keen to reward shareholders and Kitwave’s balance sheet is strong, so steady dividend growth is expected. Midas judgment: Kitwave is a success story from the North East, aimed at retailers, cafe owners and diner ladies. It has achieved strong growth as a private company and has continued in that vein since going public three years ago. At £3.42 the shares are a buy. |
Posted at 20/11/2023 07:06 by bigbigdave Kitwave Group plc (AIM: KITW), the delivered wholesale business, is pleased to announce that the Group has acquired the entire issued share capital of WLG (Holdings) Limited, which trades as Wilds of Oldham ("Wilds of Oldham"), a composite drinks wholesaler (the "Acquisition"). The total gross consideration for the Acquisition, payable in cash, has been funded from the Group's current banking facilities.Established for over 25 years, Wilds of Oldham is a composite, family-run drinks wholesaler supplying the on-and-off trade. Based in Oldham, Manchester, the company has a history of helping businesses achieve the best in licensed trade supplies. Currently, there are 35 members of staff, with 11 fleet vehicles that deliver to customers within a 50-mile radius of its warehouse in Oldham. In the financial year ended 30 September 2022, the business had a turnover of £10.2 million. The Acquisition will be incorporated into Kitwave's existing Foodservice on-trade business H.B. Clark & Co. (Successors) Limited ("HB Clark"). Commenting on the Acquisition Paul Young, Chief Executive Officer of Kitwave, said: "We are delighted to announce the acquisition of Wilds of Oldham, which will assist in the distribution of HB Clark's alcohol and soft drinks products throughout the North West. Wilds of Oldham is a proven, successful business that will make a strong addition to our Foodservice division. "At Kitwave, we remain focussed on capitalising on the fragmented UK wholesale market and will continue to identify the best opportunities to deliver the most value for our stakeholders. "We are looking forward to working closely with the Wilds of Oldham team and integrating the business into the Group's Foodservice division." |
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