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Kitwave

December 2023

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:
  • KITW
  • Price:
  • 259p
Kitwave’s FY23 trading update for the year to 31 October said results will be in line with current market expectations, but then it has had six upgrades since IPO, and the last one was quite significant (see August SCSW), driven by two acquisitions. Kitwave has also commenced construction of a new 80,000 sq. ft South West distribution facility, which will fully integrate the operations of both MJ Baker, acquired in February 2022 and WestCountry last December, with completion planned for Autumn next year. Alongside that, the rollout of its online platform has now lifted online order capture to 47% of the total and lifted average order values. Separately, Kitwave has acquired Wilds of Oldham, a family-run drinks wholesaler su ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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