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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
|
|
|---|---|---|---|---|
| -4.00 | -1.16% | 341.00 | 16:35:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 347.00 | 338.50 | 347.00 | 341.00 | 345.00 |
| Industry Sector |
|---|
| PERSONAL GOODS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 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 26/4/2024 12:10 by igoe104 Nice four figure dividend received, today. |
Posted at 25/4/2024 15:49 by dr biotech "No barriers to entry"? Written by someone that is totally clueless.No barriers except from having to hold stock of 1000s of lines, having an efficient distribution hub and a network of suppliers and customers. Plus KITW margins are higher than say Booker as they are able to deliver small order deliveries more efficiently. Oh and being able to handle chilled products. |
Posted at 25/4/2024 15:31 by igoe104 You don't have any KITW shares, so you don't have to worry about it, you idiot.. |
Posted at 19/4/2024 08:54 by monet Looks like she sold near the top.Director/PDMR Shareholding Kitwave Group plc (AIM: KITW), the delivered wholesale business, was today notified by John Hope, a PDMR at the Company, that his spouse, Tina Hope, who is a Person Closely Associated ("PCA") had sold 175,000 ordinary shares of one pence each in the Company ("Ordinary Shares") on 17 April 2024 at a price of 363 pence per Ordinary Share. |
Posted at 19/4/2024 08:38 by w13ken Good interview with Kitwave's new CEO, Ben Maxted, where he talks about which type of acquisitions are targeted. They are well on their way to £1Bn turnover.Dividend payout next Friday. |
Posted at 04/4/2024 07:41 by igoe104 KITW going Ex Dividend today.. |
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 26/2/2024 09:36 by igoe104 Yeah, Results tomorrow.Kitwave Group plc (AIM: KITW), the delivered wholesale business, will announce its results for the 12 months ended 31 October 2023 on Tuesday, 27 February 2024. |
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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