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Keystone Law

November 2019

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:
  • KEYS
  • Price:
  • 504p
As I said in my July ‘18 write up, Keystone’s best proxy for growth is the number of new lawyers that are joining its network. The latest H1 results showed 27 new joiners, giving Keystone 355 lawyers at the end of June. There are no fixed salaries nor does Keystone pay any goodwill to the incoming lawyer. Instead, the lawyer exchanges 25% of their billings (Keystone’s gross margin) in exchange for Keystone providing them with access to a comprehensive range of central services (administration, secretarial, paralegal support,  compliance, finance and a state-of-the-art technology platform).  As it was, for the period Keystone recorded sales up 15% to £23m although the comparative included a large &p ...

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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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