Knights Share Discussion Threads

[martinmc123] 20/11/2024 11:37

4*
Knights Group the national legal and professional services business issued a trading update for the six months ended 31 October 2024 this morning. The Group has delivered strong performance in the period with underlying PBT expected to increase by 25.9% to c.£14.6m on anticipated revenue growth of 5.4% to c.£79.4m. The robust profit growth mainly reflects a 3.0% pts increase in PBT margin to 18.4%...from WealthOracle


wealthoracle.co.uk/detailed-result-full/KGH/998

[tradertrev] 20/11/2024 09:19

Need to be careful with the difference between underlying PBT and statutory PBT with this one. Always a big difference (though not shown in this trading update). As Terry Smith liked to say, who do you think pays all these other costs?

[deanowls] 20/11/2024 09:02

Working capital has expanded and acquisitions and further payments have inflated the debt? Seems right?

[robsy2] 20/11/2024 07:24

I think they may have the comparative figures the wrong way round here , unless I'm missing something.

Balance sheet and Extended Revolving Credit Facility

The Group's continued strong focus on working capital discipline is reflected in debtor days2 at 31 October 2024 of 33 (H1 24: 31 days). Net debt3 was £50.1m at 31 October 2024, (at 30 April 2024 : £35.2m) after paying £8.9m initial and deferred consideration in respect of acquisitions.

[2bluelynn] 15/11/2024 20:26

He will track you down trader .. you will get a private message off him ... be warned he's v - good friends of ADVFN

[trader465] 14/11/2024 17:33

Assume average 100 attendees at a NT seminar pay his rate of £500 is £50,000 revenue per show, 1 show per month is £600k revenue per year. Assume costs at £5,000 per show £60k per year leaves a nice £540,000 net profit.

And people really believe he sold KGH for just £130 profit before the price fell? 🤷‍a94;️

I think since Covid most of NT seminars are now online, so there’s no conference room to pay, no coffee and snacks to pay, costs are now zero.

You can fool some of the people some of the time…..

[trader465] 14/11/2024 16:27

It’s easy to fool people when you post your trades 2 weeks after the prices move.

In reality NT makes his living from selling expensive seminars and unrealistic dreams to fools rather than from trading the markets.

[johndoe23] 14/11/2024 16:01

Lol yes he wouldn't let it hit his stop

[2bluelynn] 14/11/2024 15:53

you where spot on John ! He has

[johndoe23] 14/11/2024 13:12

Probably find NT will announce later in his diary he is out of this. .

[johndoe23] 14/11/2024 12:30

Looking really weak now, why?

[johndoe23] 12/11/2024 12:45

Insti reducing makes sense now regarding weakness

[johndoe23] 01/11/2024 15:48

Some fair sized trades going through

[johndoe23] 01/11/2024 15:47

Possibly difficult to tell

[lennonsalive] 01/11/2024 15:03

Is there a seller about?

[johndoe23] 29/10/2024 16:35

Well, support at 115 gone

[xamf] 30/9/2024 14:46

Huge buying op this afternoon imo. Topped up at 125. Hope I’m right.

[2bluelynn] 09/9/2024 10:44

Naked trader tipped last week too I'm glad I topped up again

[johndoe23] 08/9/2024 11:18

Damn was looking at buying back in tomorrow

[gswredland] 08/9/2024 08:15

Tipped by Midas today

[tomps2] 10/7/2024 08:39

Knights Group (KGH) Full Year results presentation - July 2024

Knights Group CEO, David Beech and CFO, Kate Lewis present their results for the year ended 30 April 2024 followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[pandaball] 09/7/2024 06:37

I’ve seen the SCVR and thoughts from Paul - great levels of detail as always, but a few rabbit holes I’ve gone into overnight but fundamentally don’t see them dismantling the value opportunity. Many of these details come down to accounting choices, and trust in management and auditors.

[c3479z] 08/7/2024 15:00

balance sheet weak in what's a people business
others worried by cash flow statement, including some of the non-underlying costs
may benefit from conveyancing should the houses labour is targeting ever be built.

[napoleon 14th] 08/7/2024 14:57

AMBER on Stockopedia due to the cash flow analysis & NAV @£100M with goodwill &
similar @£87M, so NTAV really £13M. Bank debt £35.2M, WIP (billed and unbilled)
£73M, half a year's T/O.

So headline figures look good, but read the small print....
Seems like the mkt has understood this.

PS - I have a few...

[elsa7878] 08/7/2024 14:55

12% churn rate though down is still dreadful. Should be 4-5%.