Primary Recommendations

Kitwave - Foodservices side lifts margins

August 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

One company that seems to be coping well in tough conditions and creating a strong platform for future growth is Kitwave, a wholesale business specialising in distributing products ranging from soft drinks and cigarettes, to chilled, frozen and fresh foods.Despite inflationary pressures on food it has seen four upgrades since floating on AIM last year (cumulative upgrade 40%). As chief executive Paul Young tells me, Kitwave differentiates itself from larger wholesalers by handling high-frequency (c.4,000/day), low-value drops, which requires an operation of stunning effectiveness. Historically the business focussed on supplying convenience stores but now there are signs of a new leap forward fuelled by targeting the foodservices se ...

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Market Comment - August '22

James Fisher - Higher energy prices underpin opportunities

Kitwave - Biggest ever deal will unleash wave of synergies (October 2024)

Kitwave (December 2023)

Kitwave - Well set for 13th acquisition (August 2023)

Kitwave - Foodservice the swing factor (April 2023)

Kitwave FY23 - eps forecast upgraded by 13% (January 2023)

Kitwave (June 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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