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Kinovo - Finally eliminates a management distraction

August 2024

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.

  • Epic Code:
  • KINO
  • Price:
  • 69p
Analysts believe Kinovo’s sales may advance from £64m to £71m this year to end March and to £77m next year. Correspondingly, pretax profit and earnings per share are forecast at £6.6m/7.7p and then £7m/8.2p. However, my hunch is that these forecasts may be too low given the company boasts a three-year order book of £162.6m, and £69m of FY25 revenue is already visible four months into this year, leaving just £2m to be found by the year end. During the month, I met with Kinovo’s chief executive, David Bullen. He likes to describe what Kinovo does these days around three pillars: “his 3Rs” – Regulation, Regeneration and Renewables. A customer’s journey typically begins with Regulation, which encompasses mandatory compliance-driven se ...

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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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