Knights Share Discussion Threads

[johndoe23] 04/4/2024 07:32

Interesting deal announced

[pandaball] 28/3/2024 10:41

I recall the 2022 drop being a rather absurd mix of (1) fear no fee earners would ever return to the office post Covid, (2) the acquisition strategy being a bit aggressive and (3) the golden t-rd employer award from legal professionals. All overdone in my view, and I’m looking for a breakout to close the gap, and sensibly get us over 200.

[xamf] 28/3/2024 10:07

At last. Good to see some upwards movement today!

[johndoe23] 28/3/2024 09:56

Think it was a profit warning due to omicron

[brucie5] 28/3/2024 09:50

Can any board historian tell me why this fell off a cliff in 2022?

[johndoe23] 28/3/2024 09:42

Decent demand this morning

[johndoe23] 26/3/2024 09:31

Yes another share affected by the current malaise. Very cheap on fundamentals and prospects

[pandaball] 20/3/2024 22:37

I agree with the recent posters. I’ve also built a relatively overweight position on the basis of my view of Knights fundamentals and strategy/management. But the perceived challenge I can imagine for short termers in this stock, and equally the exciting opportunity right now as I see it, is in the technicals. The pricing has been testing territory that is uncharted since the price drop in 2022 - which is naturally causing some hesitation, despite the undervalued fundamentals.
A rerating is required and in my view inevitable. Hence I’m happy to have built and now wait for the muscle to move in.

[thorpematt] 19/3/2024 21:09

I see Mr. Market is having one of his episodes.

An opportunity for those of us who like a bargain.

[xamf] 14/3/2024 09:46

Just topped up. Now my largest holding.

[johndoe23] 26/2/2024 13:35

Some extreme plunges going on at the moment. Looks like that 46k sell precipitated it

[johndoe23] 21/2/2024 08:24

Good update from KEYS this morning, sector doing well

[johndoe23] 14/2/2024 10:24

Ex div tomorrow 1.6p. Not massive but nice bonus!

[napoleon 14th] 26/1/2024 14:04

In today for a few.
Been watching too long - cost me a few quid but IMO this will bag anyway.

[se81] 25/1/2024 09:14

Onwards and upwards!(and still pretty cheap)

One of the most exciting charts you might see for the medium/long term...

[2bluelynn] 24/1/2024 16:51

It is now !!

[robsy2] 12/1/2024 17:29

I bought in here recently because it just looked way too cheap (sympathy for longer term holders who have suffered)and havent really had much of a look at it all so I tuned into the presentation.The CEO seems totally on the ball. Looks good to me and still looks very cheap.

[tomps2] 12/1/2024 13:55

Knights Group (KGH) Half Year results presentation - January 24

Knights Group CEO, David Beech and CFO, Kate Lewis present half year results for the six months ended 31 October 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[johndoe23] 11/1/2024 14:18

You'd think so, but with markets slumping since new year one can never tell. Market cap should be far,far higher imho

[indalo] 11/1/2024 11:59

Cheap as chips. Expect a drift up towards 150-175, and 200-300 on positive news flow.

[robsy2] 11/1/2024 08:52

Indeed. Next stop 200p

[craftyspeculator] 11/1/2024 08:16

Way too cheap - £18m EBITDA for 6 months and consensus for full year of £40m reiterated. Net debt of £38m is entirely manageable. The free cash generation of £12m-£16m per year will quickly reduce the debt, in the absence of new acquisitions, but it's very manageable. Basically this is a solid law firm trading at a 2.5x-3.5x earnings multiple.

[florence141414] 11/1/2024 07:43

If I could wave a magic wand, I’d have them stop acquiring for a few years. Show people what genuine cash flow looks like with acquisition costs and deferred consideration payments out the way. That number would be about 16m annually and we’d no doubt get the 200m+ market cap we deserve.

To be fair to management there were a lot more mentions of organic growth in this morning’s results than there usually are. Hopefully this is an indication that they’ll be laying off the acquisitions for a while.

[xamf] 11/1/2024 07:20

Well, solid H1 results as expected.
Revenue up 6%. 'Reported' H1 profit before tax up 68% (£6.9m against £4.1m). 'Reported' EPS up 54%. H1 dividend up 5% to 1.61p.
Forward trading in line with boards expectations.