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Kinovo

January 2025

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:
  • 64.5p
Despite some customer-driven delays in mobilising new contracts (including the recent £12m 18-month award with the London Borough of Hackney), Kinovo’s H1 sales were £29.6m (down 3%) while underlying margins benefited from electrical compliance and remedial works contribution (+31% to £18.6m), which drove adjusted EBITDA growth of 10% to £3.2m. The higher margins that these compliance and remedial workstreams attract benefited margins overall with gross margins up 300bps to 30.7% and adjusted EBITDA margins rising 120bps to 10.8%. The Budget blew hot and cold for it. Although there is a small national insurance contribution headwind of £0.4m, it should benefit from a £5bn funding boost to the social housing sector. Looking ...

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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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