Kitwave Share Discussion Threads

[w13ken] 08/7/2023 09:01

Tipped as a BUY in Investors' Chronicle.

[bigbigdave] 08/7/2023 07:31

Kitwave anticipates better than expected full-year results following latest acquisition

[johndoe23] 06/7/2023 09:26

Exactly. Look at the fundamentals, 10 x forward earnings trading ahead. That's good value!

[tomg23] 06/7/2023 09:13

Imagine getting angry yesterday and dumping your shares below 300 on the back of the director dealing RNS?

[bigbigdave] 05/7/2023 16:56

Nice recovery today

[johndoe23] 05/7/2023 10:07

Short term pain, just look at the fundamentals as announced yesterday

[johndoe23] 04/7/2023 16:14

Main thing Paul Young hasn't sold any

[dr biotech] 04/7/2023 16:10

They have a right to sell at some point. May as well be results day. At least they have sold after good news, which is much better than selling before bad news. There shouldn't be any skeletons hidden away.

Always disappointing not to hold onto a gain, but I'm in this for a while yet.

[igoe104] 04/7/2023 15:26

I wouldn't take directors sales too seriously, one of them Michael Young sold a substantial amount at £2.33 in march.

Directors sell for various reasons, as long as the business is performing well, thats the most important thing...

[monet] 04/7/2023 15:17

Never good when directors sell.

[johndoe23] 04/7/2023 14:42

Yes annoying, at 324p

[bigbigdave] 04/7/2023 14:41

Directors selling!!

[volsung] 04/7/2023 12:58

Nice wee breakout
Hopefully 300p left well behind now

[johndoe23] 04/7/2023 08:18

Still good value, PEG under 1

[se81] 04/7/2023 07:40

Re forecasts from Canaccord

Interim results confirm further meaningful growth in both revenues (+23%) and
profits (adj. EBITDA +44%). Each of the Group’s three core trading divisions has seen
double-digit first half revenue growth and the Group is carrying positive momentum
into the second half with strong trading seen across May and June despite ongoing
inflationary cost pressures. The strong first half outcome, coupled with the positive
trading momentum seen across H2 to date, prompts a further significant upgrade to
our forecasts, the seventh since the IPO in May 2021. Our FY23E adj. EBITDA forecast
increases by 10% to £41.2m, with an 9% increase in outer years. Adj. PBT and adj. EPS
upgrades are 17%/12%, respectively, in FY23E. We believe KITW remains well-placed
to drive further organic growth over the short to medium term as it continues to expand its customer base across each of its three core trading divisions and increase share of wallet with continued progress being made to increase online ordering (now 44%), which is helping to increase order values. With two successfully integrated earnings enhancing acquisitions completed since IPO, we expect continued execution of the buyand-build strategy through the addition of further targeted acquisitions, in what remains a largely fragmented wholesale market. Reiterate BUY with an increased TP of 435p (from 390p) reflecting the upgrades.

[morph7] 04/7/2023 07:25

My favourite sentence..."Ahead of market expectations". Onwards and upwards,M

[dr biotech] 04/7/2023 07:17

Decent enough statement, ahead of the May announcement. Improved margins and volumes. Debt a touch higher than I’d like, but under control. Only gripe is I which they’d give the actual forecast- not always easy for us PIs to get them.

[bigbigdave] 30/6/2023 17:15

Thanks igoe104

[igoe104] 30/6/2023 16:08

Write up by the arm chair investor.

[johndoe23] 16/6/2023 12:26

Nice move back though 300p. Will it hold this time?

[dicktrade] 16/6/2023 07:59

I imagine their ice cream sales will be thru the roof

[bigbigdave] 16/6/2023 07:12

TSCO this morning, read across perhaps
Booker: Significant growth continuing across both retail and catering (Q1 LFL Retail: +6.3%, Catering: +10.8%)

[igoe104] 15/6/2023 18:22

Roland head talks briefly about KITW.

[bigbigdave] 13/6/2023 12:27

And it’s got the buyers in