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KITW Kitwave Group Plc

320.00
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kitwave Group Plc LSE:KITW London Ordinary Share GB00BNYKB709 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 320.00 79,223 16:35:03
Bid Price Offer Price High Price Low Price Open Price
319.00 321.00 330.00 320.50 330.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Confectionery-wholesale 602.22M 18.96M 0.2357 13.62 257.4M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:35 O 5,000 320.00 GBX

Kitwave (KITW) Latest News

Kitwave (KITW) Discussions and Chat

Kitwave Forums and Chat

Date Time Title Posts
08/11/202419:06Kitwave Plc-The next Booker?422

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Kitwave (KITW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:36320.005,00016,000.00O
16:35:03320.008,13326,025.60UT
16:28:07321.00104333.84AT
16:27:45321.00153491.13AT
16:24:45321.00127407.67AT

Kitwave (KITW) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 by Kitwave Daily Update
Kitwave Group Plc is listed in the Confectionery-wholesale sector of the London Stock Exchange with ticker KITW. The last closing price for Kitwave was 320p.
Kitwave currently has 80,438,979 shares in issue. The market capitalisation of Kitwave is £258,209,123.
Kitwave has a price to earnings ratio (PE ratio) of 13.62.
This morning KITW shares opened at 330p
Posted at 27/9/2024 12:41 by igoe104
Judith Mckensie talks about KITW about 60 minutes in.
Posted at 24/9/2024 16:04 by dr biotech
Well there is the real reason for the weakness, forward selling for the placing. Big acquisition at a decent price of 6-7x
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 24/9/2024 13:44 by riverman77
No idea if any substance to the above, but share price off about 8% over last few days, on seemingly no news.
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 19/4/2024 07:54 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 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.
Kitwave share price data is direct from the London Stock Exchange

Kitwave Frequently Asked Questions (FAQ)

How many Kitwave shares are in issue?
Kitwave has 80,438,979 shares in issue.
What is the market cap of Kitwave?
The market capitalisation of Kitwave is GBP 257.40 M.
What is the 1 year trading range for Kitwave share price?
Kitwave has traded in the range of 243.00p to 409.50p during the past year.
What is the PE ratio of Kitwave?
The price to earnings ratio of Kitwave is 13.62.
What is the cash to sales ratio of Kitwave?
The cash to sales ratio of Kitwave is 0.43.
What is the reporting currency for Kitwave?
Kitwave reports financial results in GBP.
What is the latest annual turnover for Kitwave?
The latest annual turnover of Kitwave is GBP 602.22M.
What is the latest annual profit for Kitwave?
The latest annual profit of Kitwave is GBP 18.96M.
What is the registered address of Kitwave?
The registered address for Kitwave is UNIT S3 NARVIK WAY, TYNE TUNNEL TRADING ESTATE, NORTH SHIELD, TYNE AND WEAR, NE29 7XJ.
What is the Kitwave website address?
The website address for Kitwave is www.kitwave.co.uk.
Which industry sector does Kitwave operate in?
Kitwave operates in the CONFECTIONERY-WHOLESALE sector.

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