Kitwave Share Discussion Threads

[johndoe23] 02/5/2023 06:15

Yep, all good here. A company trading strongly deserves a higher PE than 10. Say 12, that would imply a share price of 320p. That's what I can see short term.

[bigbigdave] 02/5/2023 06:03

Trading Update


Kitwave Group plc (AIM: KITW), the delivered wholesale business, today announces a pre-close trading update for the six-month period ended 30 April 2023.



The Group's strong performance across all divisions continued throughout the first half of its FY23 financial year. Due to the seasonality of the business, as in previous periods, there is a heavier weighting towards trading in the second half of the year. The Board anticipates that the Group's results for the full financial year will be slightly ahead of market expectations.



The Board remains conscious of the wider macroeconomic environment including inflationary headwinds but believes that the Group is well-placed to mitigate these risks.



The acquisition of Westcountry Food Holdings Limited, a specialist fresh produce wholesaler, in December 2022 complements the Group's existing Foodservice division and enables the expansion of our reach into the South West. The integration of the business into the Group has been successful and it is performing in line with management expectations.



Paul Young, Chief Executive Officer of Kitwave, commented:



"I am pleased to report on the progress made by the Group in the six months ending 30 April 2023. Following a strong first half performance, and with the second half of the year typically driving increased trading, we expect full year results will be slightly ahead of market expectations.



"With the considerable opportunities still available, both in the form of organic developments and through strategic, complementary acquisitions in a largely fragmented wholesale market, we have an excellent platform for growth. We look forward to continuing to deliver value to the Group and its shareholders and updating the market on our continued progress."

[eeza] 01/5/2023 18:16

4th, Thursday.

[johndoe23] 01/5/2023 18:15

What day trading update, fancy Thursday?

[igoe104] 28/4/2023 12:12

KITW talked about on Paul Hill podcast with Rich Crow. (18 minutes in)

[johndoe23] 28/4/2023 11:25

Popped up on my earnings upgrade screen today. 26p FY'24. A good update next week could see this fly.

[dr biotech] 26/4/2023 15:34

That’s very similar to his mello presentation. Decent enough article, let’s hope his followers jump on board

[johndoe23] 24/4/2023 11:49

Lots of buys at full ask and share price still not rising

[volsung] 21/4/2023 17:50

Dis good share
Me like

[gymratt] 19/4/2023 09:48

Well it creates a top up opportunity! I've nibbled another 1500 @ 250p. Powder dry for any further weakness..

[johndoe23] 19/4/2023 08:39

Another small factor maybe, Robbie Burns may have disclosed in his subscription email this week that he has sold out, causing some lemmings to follow suit

[shanksaj] 19/4/2023 08:15

Growth, nice dividend, at 250p projected PE under 10.. what's not to like?

[johndoe23] 19/4/2023 08:03

Level 2 improving, fwiw

[johndoe23] 19/4/2023 08:02

Ex div last week. Lots of sells this morning, stops getting hit possibly? Buying opp for the brave, I don't like average down

[shanksaj] 19/4/2023 07:49

Gymratt, Sounds reasonable. Previous peak on 13th Feb becomes support.

Thanks Eeza

[eeza] 19/4/2023 07:48

See Holdings RNS from yesterday - Premier Miton halved holding & probably selling the rest.

[gymratt] 19/4/2023 07:45

240 support?

[dr biotech] 19/4/2023 07:39

Last week. Guess there must be a big seller

[shanksaj] 19/4/2023 07:38

Good question. When is ex-div?

I can't be bothered to wait for an explanation, because there prob isn't any. Bought some more.

[johndoe23] 19/4/2023 07:28

What is going on here?

[johndoe23] 18/4/2023 17:34

Agreed the discussion wasn't the best. Always good to look at potential bear points though, Paul Young might want to carry on for a good while yet. Until the company gets bid for at least!

[dr biotech] 18/4/2023 15:09

Thats not the most dynamic video discussion I've seen. Nice that they are generally positive though. Never really thought about possible CEO retirement and what that could bring - Booker was taken out at approx twice the rating here.

[igoe104] 18/4/2023 13:29

KITW discussion at the Mello. About (2.50 in)