Share Name Share Symbol Market Type Share ISIN Share Description
Knights Group Holdings Plc LSE:KGH London Ordinary Share GB00BFYF6298 ORD 0.2P
  Price Change % Change Share Price Shares Traded Last Trade
  5.50 1.17% 474.00 7,432 09:33:22
Bid Price Offer Price High Price Low Price Open Price
463.00 474.00 474.00 474.00 474.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 52.66 5.24 5.84 81.2 389
Last Trade Time Trade Type Trade Size Trade Price Currency
09:33:22 AT 180 474.00 GBX

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Date Time Title Posts
02/9/202022:43Knights Group Holdings PLC143

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Knights Daily Update: Knights Group Holdings Plc is listed in the Support Services sector of the London Stock Exchange with ticker KGH. The last closing price for Knights was 468.50p.
Knights Group Holdings Plc has a 4 week average price of 430p and a 12 week average price of 373p.
The 1 year high share price is 500p while the 1 year low share price is currently 302p.
There are currently 82,103,912 shares in issue and the average daily traded volume is 146,612 shares. The market capitalisation of Knights Group Holdings Plc is £389,172,542.88.
acropolis1728: tradertrev - I agree. This only came onto my radar because people were using it as a benchmark to measure Ince's position saying the latter were undervalued compared to this. Ince really gave up some detail in their Final Results on sectors, percentages and were pretty forthcoming in their analysis. They are being punished for it in the sense that I think they expected a bump in the share price. Yet KGH sails on serenely. It may well see an up tick in work going into Q3 but what has happened in Q1 and Q2 will define the year. Very difficult to make up the time that was lost. The firm are offering nothing on that at all. I find it very difficult to think that a UK based firm with the profile this has, has not seen a reduction in work and pressure on receivables. All firms focus on lock up but if people stop paying because of their own cash flow issues then lock up will slip.
acropolis1728: "As a result, the Board believes it would not be appropriate to provide forward looking financial guidance to investors and analysts at this time. However, whilst the market remains uncertain, we are encouraged that early signs of a recovery in instructions indicate an initial improvement in market conditions compared with the disruption experienced at the beginning of April." I think that is a cop out given they must have had a real idea on the impact on Q1. I am mindful that comparisons are drawn between this and Ince but the latter got hammered I think for their open approach. Why did the share price plummet by 60 p in the last hour of trading?
saucepan: acropolis1728 In view of your comment, I have just checked back on Full Year Results posted on 22 July. To my mind, the Company makes a clear statement regarding Corona virus under a "Covid 19" sub-heading. Further clarification is also provided under "Current Trading and Outlook". CEO David Beech concludes by saying: "Beyond the near term, we anticipate that COVID-19 will only accentuate the recruitment and acquisition opportunities for our resilient, well-invested, diversified and cash generative business in the highly fragmented and often under-invested market for legal services outside London." With a Slater PEG of just 0.37, I personally think the rise in the share price is more than justified and that there should be further to come. No advice intended, however.
glenowen: Anyone with any idea what's going on here? This is a relatively thinly traded stock but with many buys today and surging share price, is there something more than a Boris Bounce at play here?
hazl: 'Conclusion With an enormous arbitrage between private company acquisition prices and quoted valuations, I suspect there are a good few years of strong share price performance to be enjoyed by shareholders, until valuations become high at which point greed usually spoils it. That's a long way away yet.' Jeremy Grimes thanks Bbluesky
bbluesky: From Interactive Investor's Jeremy Grimes and his The Financial Grimes column, which I recommend as good reading: Knights Group (LSE:KGH) is a UK law firm. News First post IPO results show revenue up 51% to £52.7 million and EBITDA also up 51% to £11.3 million. PBT £9.8 million and EPS up 55% to 11.88p. Net debt £14.1 million. Average fee per earner up 22% to £131k. Outlook refers to a good start to year and confident of delivering continued growth. The company completed four acquisitions in the year and has a "healthy" pipeline. Estimates The 21 May trading update said Adj. PBT expected to be slightly ahead of market expectations. Valuation PER 16.5X yield 1.2%. ROCE is c 15%. Conclusion With an enormous arbitrage between private company acquisition prices and quoted valuations, I suspect there are a good few years of strong share price performance to be enjoyed by shareholders, until valuations become high at which point greed usually spoils it. That's a long way away yet.
hazl: Great results expected a bit more of a share price increase. I guess its the summer lull. Oh well at least there is a dividend to look forward to.
Knights share price data is direct from the London Stock Exchange
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