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It was tipped in The Sunday Times, in the Business Section,
Apologies it was Lucy Tobin in the Times on Saturday.
Art.
I bought the Sunday Times yesterday and couldn’t find this mention. Not for the first time. Are there regional editions?
I think we are all a bit shocked ....
VERY quite board considering the rise🙈🙈🙈
But I’m still in the red🙈🙈🙈🙈
Mentioning increased exposure to AI. Won't have done any harm. Signs of a short squeeze today :).
Maybe I meant a month
Although the top line revs came in a bit lighter than desired, all the action is below this level, profit growth and the increasing shift to ARRs… Company is targeting £100m of ARR by 2026, cementing its shift to becoming a full on SaaS business.
Is this enough to stick it to the shorting hedge funds MWAM and GLG, one wonders?
Kainos is a very solid business and one to own for sure, assuming it can remain independent of course, given the Private Equity interest in DarkTrace and now Keyword Solutions…
How long are your weeks Novice trader?
I can’t say anything. I know someone high up
Absolutely; thanks for the wonderfully informative heads up! I'm amazed at your insight
Just heard some good news regarding this company. I’m buying more
A fourteen story office block.
Just Google Belfast telegraph and Kainos.
It’s within a mile of their current headquarters but more central.
Kainos has just been granted planning permission to build a new headquarters in Belfast.
Just bought some more of these little beauties, I think we are in for a good run now, positive RNS and tipped in many share articles as a buy. GL all.
Apologies, I’m confusing KNOS with FD Technologies. Both Northern Ireland companies in the IT sector.
2.6% of shares were being shorted.
This might get rid of some of the shorters.
Lat week FD was listed in the Investors Chronicle among the five biggest short increase.
Looks like 2024 Rev will come in at c. £400m up 7%. Is this a growth stock? My estimate of net without all the adjustments for 24 is £47M, up 12%. Thats c£14k per each of 3319 employees/contractors. Does it deserve a P/E of 22x or PEG of 1.53, thats the question really. RoE at 36% is very impressive so that would support those ratings, i would just like to see more growth and a higher contribution per employee.
...another solid trading update from the team at Kainos, increasing order backlog and clear visibility on pipeline of growth in revenues and PBT ahead!
"In the near-term, an increased backlog, a robust pipeline and a strong balance sheet provide excellent visibility of the strength of our performance in the current financial year."
I think this is a real gem of a business and one that could maybe shout a little louder to find a wider audience of larger investors, perhaps they too should be looking at a dual listing in the US, well it's a thought.
Plenty of cash at £130m (growing at some £20m a year), zero debt and a 5.5% FY25 FCF Yield, what's not to like!?
Given the fervor for 'all things American' and the fact that Kainos has a big footprint and significant revenue stream in the USA I'm surprised this hasn't soared already. Similar businesses over the water command a far higher p/e than here despite the constant comment that it's on the high side (for here!). Next week's update should reassure and set it firmly back on the ascent.
Nice uptick today, smacks of short covering by MWAM or GLG, let’s see if this proves correct… onward to the results!
Pulls back am, rises pm. Stateside stakebuilding???
Looks like c £1m shorter lost his nerve and bought back in.