Updates and Ideas

Kitwave

June 2021

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.

Kitwave (KITW; 159p), an independent delivered wholesale business, joined AIM on 24 May. The business is the brainchild of chief executive Paul Young, an accountant who bought a small cash and carry confectionery business, M&M Value, in 1987. The business grew fairly slowly until 2011 when it completed a round of private equity and Young has since put the pedal to the metal with the acquisition of 10 wholesale distributors, which has helped sales leap four-fold to £399m, making Kitwave the no. 14 in its market. At the same ...

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Pires Investments

Growth Portfolio 3 - June '20

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 - Foodservices side lifts margins (August 2022)

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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