Knights Share Discussion Threads

[peddlers] 31/7/2023 15:36

I'm holding for around £1.20 and re-evaluate then.

[smackeraim] 31/7/2023 15:10

Trying hard to go again

[smackeraim] 22/7/2023 15:56

Market cap 2 years ago was 3x higher on 25% less revenues.. granted there's been a lot of market turmoil since then lol

[smackeraim] 22/7/2023 15:51

(Sharecast News) - Analysts at ShoreCap upgraded their recommendation for legal and professional services business Knights Group from 'hold' to 'buy'.In particular, they noted how the company's latest full-year results had revealed several tailwinds, including "strong" interest earnings from client monies, a softer recruitment market, inflation-beating rate rises and a better acquisition policy.As a result, their outer year estimates were raised by 4%, which in turn also saw their 'fair value' rise from 105.0p to 115.0p."Knights is currently trading on an FY25F PER of 3.6x, an EV/EBITDA multiple of 2.4x and a dividend yield of 5.8%," they said in a research note sent to clients."Although there are risks relating to the acquisition policy, we are slowly warming to the strategy as long as it remains selective and manageable."They also believed that a return to organic growth was "likely" in the 2024 financial year, adding that the shares' current discount was not warranted.In their view, the shares should be trading on a price-to-earnings multiple of 5.2, instead of the current 3.6.

[trader465] 22/7/2023 08:15

Why wait for a pull back? I’ve simply added at every 5% rise with a trailing stop on the whole position.

[peddlers] 21/7/2023 13:55

I will build my position on any pull backs.
Way undervalued at these levels.

P.

[smackeraim] 21/7/2023 12:24

On its way. Feels like it's going to test a couple of the last highs at the very least.

[robsy2] 21/7/2023 11:32

Could be on the move. It certainly looks like a recovery stock.

[smackeraim] 18/7/2023 18:35

https://www.alphaspread.com/security/lse/kgh/summary

[smackeraim] 18/7/2023 11:04

Feels like it could churn out this 75p level soon and move

[smackeraim] 17/7/2023 16:53

Maybe directors are in for some now results out the way. David Beech bought a million quids worth at 83p in November after the trading update was out.

[sphere25] 17/7/2023 15:18

Someone keeps placing large blocks on the bid at 75p here. Currently have 140,632 sat there since 14:38 and there have been others which have been filled through the day including an AT of 90,632 @ 14:08 and a 200k ordinary block picked up at 10:13.

Notable stuff for KGH because you don't normally get continued large blocks being placed like this. Clearly the buyer or buyers are accumulating in size on the back of the recent update and DWF bid.

Keeping an eye on it to see if the sellers can be exhausted for a possible short term trading leg higher.

Sellers are hard to clear in this market. Mainly just short term trading rallies in small caps before the sellers regain control - no continued proper bull market type momentum. It is a pile of dung really in the small cap world and will continue to be because the powers that be don't know what they're doing.

Rates have to fall and flows have to change.

It is miserable stuff in the meantime.

Yuk!

All imo
DYOR

[smackeraim] 14/7/2023 15:40

quid 20 short term imo

[mbdx7em21] 13/7/2023 19:39

been doing some further digging around and there is defo a disconnect between the fundamentals and the share price.

[blackhorse23] 12/7/2023 10:21

Back to 40p , easy short , switched to CURY revenue 9.5 billion, net profit 119m , mcap only 520m

[trader465] 10/7/2023 21:07

I thought not. There’s plenty of Donkeys on ADVFN

[blackhorse23] 10/7/2023 20:54

Mcap close to revenues lol

[blackhorse23] 10/7/2023 20:52

Will drop tomorrow ? Shorters are waiting for this time. Like MCL paid dividends which they could not efforts then next year bankrupt .

[trader465] 10/7/2023 16:53

Black donkey - sorry I’m a little thick sir, can you explain to me why the business model is unsustainable please?

[peddlers] 10/7/2023 16:52

Agreed, this should push through £1 . Strong fundamentals.

[blackhorse23] 10/7/2023 16:25

Unsustainable business models

[blackhorse23] 10/7/2023 16:21

Time to sell & buy CURY

[trader465] 10/7/2023 16:13

1.2m buys V’s 400k sells, looks good to me