As per their latest results - https://tools.euroland.com/tools/PressReleases/GetPressRelease/?ID=4442589&lang=en-GB&companycode=services - they are now worth a bit more £105m in market cap + $38m in net debt for £145m EV. They are growing revenue and improving operational metrics. Weirdly they have moved borrowings from non-current liabilities to current liabilities on the balance sheet which makes no sense to me - I've asked them, waiting for reply
Knights Group Holdings (LON:KGH) have acquired two new practices - data.fca.org.uk/artefacts/NSM/RNS/47551…. The acquisition prices seem to be sensible at around 8-10 PE and tied to various performance conditions.
As per their latest results - https://tools.euroland.com/tools/PressReleases/GetPressRelease/?ID=4442589&lang=en-GB&companycode=services - they are now worth a bit more £105m in market cap + $38m in net debt for £145m EV. They are growing revenue and improving operational metrics. Weirdly they have moved borrowings from non-current liabilities to current liabilities on the balance sheet which makes no sense to me - I've asked them, waiting for reply
they now expect to make £25m PBT https://data.fca.org.uk/artefacts/NSM/RNS/4774894.html in the year to 30 April 2023. They are worth only about £83m market cap + £30m debt ~ £115m... not bad I think
Knights Group Holdings (LON:KGH) have acquired two new practices - data.fca.org.uk/artefacts/NSM/RNS/47551…. The acquisition prices seem to be sensible at around 8-10 PE and tied to various performance conditions.