Announcement • Mar 13
London Stock Exchange Cancels Trading in Kitwave Shares on AIM Effective from 13 March 2026 Further to the announcement made by Kitwave Group plc ("Kitwave") and Kite UK Bidco Limited ("BidCo") on 12 March 2026 that the Scheme had become Effective in accordance with its terms, Kitwave announced that, following an application by Kitwave to the London Stock Exchange, the London Stock Exchange has cancelled trading in Kitwave Shares on AIM with effect from 7.00 a.m. 13 March 2026. Announcement • Mar 12
OEP Capital Advisors L.P. completed the acquisition of Kitwave Group plc (AIM:KITW) from the group of shareholders. OEP Capital Advisors L.P. reached an agreement to acquire Kitwave Group plc (AIM:KITW) from the group of shareholders for approximately £250 million on January 22, 2026. A cash consideration valued at £2.95 per share will be paid by OEP Capital Advisors, L.P. The cash consideration payable by BidCo under the terms of the Acquisition will be funded from equity to be invested by the OEP Funds pursuant to the terms of the Equity Commitment Letter. The Scheme remains conditional on, and will become Effective upon, the delivery of a copy of the Scheme Court Order to the Registrar of Companies, which is expected to occur on March 12, 2026.
The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and subject to court approval. The deal has been unanimously approved by the board. The expected completion of the transaction is January 22, 2026 to March 31, 2026.
As per the announcement dated February 26, 2026, The transaction is approved by shareholders of Kitwave Group plc. As of March 10, 2026, Kitwave Group plc and OEP Capital Advisors L.P. are pleased to announce that, at the Sanction Hearing held, the High Court of Justice in England and Wales has sanctioned the Scheme. The Board of Kitwave further announces that 165,777 new ordinary shares of £0.01 each in Kitwave ("New LTIP Shares") have been allotted and issued to satisfy the exercise of share options and vesting of share awards held by persons (including certain directors) under the Kitwave Share Plan and that 142,222 new ordinary shares have been allotted and issued to satisfy the exercise of the Kitwave Warrants over 142,222 Kitwaves Shares by Canaccord Genuity Limited ("New Canaccord Shares"). Accordingly, an application was made by Kitwave for the 307,999 New Ordinary Shares to be admitted to trading on AIM, and admission to trading on AIM is expected to take place on March 11, 2026 and upon Admission Kitwave will have in issue 84.045 million ordinary shares.
The transaction is expected to close on March 12, 2026.
Andrew Welby, Simon Chaudhuri and Max Hunt of Moelis & Company UK LLP acted as financial advisor for OEP Capital Advisors, L.P. Harry Rees, Bobbie Hilliam and Elizabeth Halley-Stott of Canaccord Genuity Limited acted as financial advisor for Kitwave Group plc. Norton Rose Fulbright LLP acted as legal advisor for OEP Capital Advisors, L.P. Harry Thimon and John Papadakis of Ashurst LLP acted as legal advisor for Kitwave Group plc.
OEP Capital Advisors L.P. completed the acquisition of Kitwave Group plc (AIM:KITW) from the group of shareholders on March 12, 2026. As the Scheme has now become Effective, Marnie Millard and Teresa Octavio have tendered their resignations and stepped down as non-executive directors on the Kitwave Board. David Brind has also stepped down as a director of Kitwave and Mark Earl has been appointed as a director of Kitwave. Dealings in Kitwave Shares on AIM will be suspended with effect from 7.30 a.m. on March 12, 2026. Announcement • Jan 23
Kitwave to Apply for the Cancellation of Trading of the Shares on AIM The boards of directors of Kitwave Group plc and Kite UK Bidco Limited (BidCo) announced that they have reached agreement on the terms of a recommended all cash acquisition of the entire issued and to be issued ordinary share capital of Kitwave (the "Acquisition"). The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act. Prior to the Scheme becoming Effective, application will be made by Kitwave for the cancellation of trading of the Kitwave Shares on AIM to take effect on or shortly after the Effective Date. The last day of dealings in, and registration of transfers of, Kitwave Shares on AIM is expected to be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6.00 p.m. on that date. On the Effective Date, share certificates in respect of Kitwave Shares will cease to be valid and entitlements to Kitwave Shares held within the CREST system will be cancelled. Kitwave Shareholders shall be required to return share certificates to Kitwave or destroy them following the Effective Date. It is also proposed that, following the Effective Date and after its shares are de-listed, Kitwave shall be re-registered as a private limited company. New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to UK£2.93, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Consumer Retailing industry in the United Kingdom. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.97 per share. Announcement • Jan 22
OEP Capital Advisors L.P. reached an agreement to acquire Kitwave Group plc (AIM:KITW) from the group of shareholders for £251 million. OEP Capital Advisors L.P. reached an agreement to acquire Kitwave Group plc (AIM:KITW) from the group of shareholders for £251 million on January 22, 2026. A cash consideration valued at £2.95 per share will be paid by OEP Capital Advisors, L.P. The cash consideration payable by BidCo under the terms of the Acquisition will be funded from equity to be invested by the OEP Funds pursuant to the terms of the Equity Commitment Letter.
The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and subject to court approval. The deal has been unanimously approved by the board. The expected completion of the transaction is January 22, 2026 to March 31, 2026.
Andrew Welby, Simon Chaudhuri and Max Hunt of Moelis & Company UK LLP acted as financial advisor for OEP Capital Advisors, L.P. Harry Rees, Bobbie Hilliam and Elizabeth Halley-Stott of Canaccord Genuity Limited acted as financial advisor for Kitwave Group plc. Norton Rose Fulbright LLP acted as legal advisor for OEP Capital Advisors, L.P. Ashurst LLP acted as legal advisor for Kitwave Group plc. Announcement • Jan 16
Kitwave Group plc Announces Termination of Gerard Thomas Murray as Director, Effective January 13, 2026 Kitwave Group Plc terminated the appointment of Mr. Gerard Thomas Murray as director effective January 13, 2026. Announcement • Jan 14
Kitwave Group plc Announces Directorate and Committee Changes, with effect from January 14, 2026 Kitwave Group PLC announced that Gerard Murray, Non-Executive Director, will be stepping down from the Board with immediate effect. Following the departure of Mr. Murray, Dr Marnie Millard (Chair of the Company) will act as interim chair of the Audit Committee and Teresa Octavio (Independent Non-Executive Director) will act as interim chair of the Remuneration Committee. The Company will commence a search for a new Non-Executive Director and update shareholders as appropriate. Major Estimate Revision • Jul 08
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£836.1m to UK£818.1m. EPS estimate also fell from UK£0.278 per share to UK£0.20 per share. Net income forecast to grow 19% next year vs 9.7% growth forecast for Consumer Retailing industry in the United Kingdom. Consensus price target down from UK£4.68 to UK£3.63. Share price rose 2.8% to UK£2.53 over the past week. New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (54% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Recent Insider Transactions • Jul 06
Independent Non-Executive Director recently bought UK£72k worth of stock On the 3rd of July, Gerard Murray bought around 30k shares on-market at roughly UK£2.39 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£362k more in shares than they have sold in the last 12 months. Reported Earnings • Jul 03
First half 2025 earnings released: EPS: UK£0.051 (vs UK£0.073 in 1H 2024) First half 2025 results: EPS: UK£0.051 (down from UK£0.073 in 1H 2024). Revenue: UK£376.2m (up 27% from 1H 2024). Net income: UK£4.18m (down 18% from 1H 2024). Profit margin: 1.1% (down from 1.7% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Declared Dividend • Jul 03
First half dividend increased to UK£0.04 Dividend of UK£0.04 is 3.9% higher than last year. Ex-date: 10th July 2025 Payment date: 31st July 2025 Dividend yield will be 4.9%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 26% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 02
Kitwave Group plc Declares Interim Dividend for the Six Months to 30 April 2025, Payable on 31 July 2025 The Board of Kitwave Group plc has declared an increased interim dividend of 4.00 pence per share (first half 2024: 3.85 pence per share) for the six months to 30 April 2025. This dividend will be paid on 31 July 2025 to shareholders on the register at the close of business on 11 July 2025 and the ex-dividend date will be 10 July 2025. Price Target Changed • Jul 01
Price target decreased by 16% to UK£3.99 Down from UK£4.73, the current price target is an average from 4 analysts. New target price is 62% above last closing price of UK£2.46. Stock is down 17% over the past year. The company is forecast to post earnings per share of UK£0.28 for next year compared to UK£0.24 last year. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to UK£2.46, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Consumer Retailing industry in the United Kingdom. Total returns to shareholders of 76% over the past three years. Announcement • Jun 10
Kitwave Group plc to Report First Half, 2025 Results on Jul 01, 2025 Kitwave Group plc announced that they will report first half, 2025 results on Jul 01, 2025 New Risk • Mar 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (19% increase in shares outstanding). Recent Insider Transactions • Mar 09
CEO & Director recently bought UK£52k worth of stock On the 5th of March, Benjamin Maxted bought around 20k shares on-market at roughly UK£2.58 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Benjamin's only on-market trade for the last 12 months. Announcement • Mar 06
Kitwave Group plc, Annual General Meeting, Mar 28, 2025 Kitwave Group plc, Annual General Meeting, Mar 28, 2025. Location: the offices of muckle llp, time central, 32 gallowgate, ne1 4bf, newcastle upon tyne United Kingdom Reported Earnings • Mar 05
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: UK£0.23 (down from UK£0.27 in FY 2023). Revenue: UK£663.7m (up 10% from FY 2023). Net income: UK£16.7m (down 12% from FY 2023). Profit margin: 2.5% (down from 3.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Mar 04
Kitwave Group plc Recommends Final Dividend for the Financial Year Ended 31 October 2024 Kitwave Group plc has declared that it is recommending a final dividend of 7.45 pence per ordinary share, subject to approval at the Annual General Meeting("AGM")to be held on 28 March 2025, which will, if approved, result in a total dividend for the financial year ended 31 October 2024 of 11.30 pence per ordinary share(Fiscal year 2023: 11.20 pence per ordinary share). Announcement • Feb 12
Kitwave Group plc to Report Fiscal Year 2024 Results on Mar 04, 2025 Kitwave Group plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Mar 04, 2025 New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (57% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (15% increase in shares outstanding). Major Estimate Revision • Oct 02
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from UK£675.3m to UK£683.5m. EPS estimate fell from UK£0.263 to UK£0.236 per share. Net income forecast to grow 16% next year vs 20% growth forecast for Consumer Retailing industry in the United Kingdom. Consensus price target up from UK£4.55 to UK£4.71. Share price rose 4.9% to UK£3.52 over the past week. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£3.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Consumer Retailing industry in the United Kingdom. Total returns to shareholders of 121% over the past three years. Reported Earnings • Jul 05
First half 2024 earnings released: EPS: UK£0.073 (vs UK£0.091 in 1H 2023) First half 2024 results: EPS: UK£0.073 (down from UK£0.091 in 1H 2023). Revenue: UK£297.0m (up 8.0% from 1H 2023). Net income: UK£5.08m (down 20% from 1H 2023). Profit margin: 1.7% (down from 2.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in the United Kingdom. Declared Dividend • Jul 05
First half dividend increased to UK£0.038 Dividend of UK£0.038 is 2.7% higher than last year. Ex-date: 11th July 2024 Payment date: 2nd August 2024 Dividend yield will be 3.6%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 36% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 13
Kitwave Group plc to Report First Half, 2024 Results on Jul 02, 2024 Kitwave Group plc announced that they will report first half, 2024 results on Jul 02, 2024 Price Target Changed • May 03
Price target increased by 8.3% to UK£4.55 Up from UK£4.20, the current price target is an average from 3 analysts. New target price is 18% above last closing price of UK£3.85. Stock is up 43% over the past year. The company is forecast to post earnings per share of UK£0.26 for next year compared to UK£0.27 last year. Recent Insider Transactions • Apr 19
Insider recently sold UK£635k worth of stock On the 17th of April, John Hope sold around 175k shares on-market at roughly UK£3.63 per share. This transaction amounted to 56% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£4.0m more than they bought in the last 12 months. Price Target Changed • Apr 05
Price target increased by 7.3% to UK£4.40 Up from UK£4.10, the current price target is an average from 2 analysts. New target price is 21% above last closing price of UK£3.63. Stock is up 33% over the past year. The company posted earnings per share of UK£0.27 last year. Announcement • Mar 30
Kitwave Group plc (AIM:KITW) acquired Total Foodservice Solutions Limited for £21 million. Kitwave Group plc (AIM:KITW) acquired Total Foodservice Solutions Limited for £21 million on March 28, 2024. The transaction has been funded from the Group's current banking facilities. For period ended April 30, 2023, turnover of €25.4 million and net assets of €8.5million. Cash acquired €4 million. Bobbie Hilliam and Alex Orr of Canaccord Genuity Limited acted as financial advisor to Kitwave.Kitwave Group plc (AIM:KITW) completed the acquisition of Total Foodservice Solutions Limited on March 28, 2024. Upcoming Dividend • Mar 28
Upcoming dividend of UK£0.074 per share Eligible shareholders must have bought the stock before 04 April 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (3.7%). Declared Dividend • Mar 01
Final dividend increased to UK£0.074 Dividend of UK£0.074 is 10% higher than last year. Ex-date: 4th April 2024 Payment date: 26th April 2024 Dividend yield will be 3.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 36% per year over the past 3 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is less than the 60% EPS decline seen over the last 5 years. Announcement • Feb 29
Kitwave Group plc Recommends Final Dividend for the Year 2023 The Board of Kitwave Group plc recommended a final dividend of 7.45 pence per ordinary share (fiscal year 2022: 6.75 pence) for the year 2023, subject to approval at the AGM, which, if approved, will result in an increase in the total dividend for the year of 21.1% to 11.20 pence per ordinary share (fiscal year 2022: 9.25 pence). Announcement • Feb 28
Kitwave Group plc, Annual General Meeting, Mar 22, 2024 Kitwave Group plc, Annual General Meeting, Mar 22, 2024, at 10:30 Coordinated Universal Time. Location: Muckle LLP, Time Central,32 Gallowgate, Newcastle upon Tyne, NE1 4BF New Castle upon Tyne United Kingdom Agenda: To recommend a final dividend of 7.45 pence per ordinary share. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: UK£0.27 (vs UK£0.20 in FY 2022) Full year 2023 results: EPS: UK£0.27 (up from UK£0.20 in FY 2022). Revenue: UK£602.2m (up 20% from FY 2022). Net income: UK£19.0m (up 32% from FY 2022). Profit margin: 3.1% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Retailing industry in the United Kingdom. Announcement • Feb 12
Kitwave Group plc to Report Fiscal Year 2023 Results on Feb 27, 2024 Kitwave Group plc announced that they will report fiscal year 2023 results on Feb 27, 2024 New Risk • Jan 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended April 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Latest financial reports are more than 6 months old (reported April 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Jul 06
Price target increased by 11% to UK£4.10 Up from UK£3.70, the current price target is an average from 2 analysts. New target price is 34% above last closing price of UK£3.05. Stock is up 85% over the past year. The company posted earnings per share of UK£0.20 last year. Recent Insider Transactions • Jul 06
CFO & Director recently sold UK£1.6m worth of stock On the 4th of July, David Brind sold around 500k shares on-market at roughly UK£3.25 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Announcement • Jul 06
Kitwave Group plc Declares Interim Dividend for the Six Months to 30 April 2023, Payable on 4 August 2023 Kitwave Group plc declared an interim dividend of 3.75 pence per share(H1 2022: 2.50 pence per share)for the six months to 30 April 2023. It will be paid on 4 August 2023 to shareholders on the register at the close of business on 14 July 2023 and the ex-dividend date will be 13 July 2023. New Risk • Jul 05
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 04
First half 2023 earnings released: EPS: UK£0.091 (vs UK£0.063 in 1H 2022) First half 2023 results: EPS: UK£0.091 (up from UK£0.063 in 1H 2022). Revenue: UK£275.0m (up 23% from 1H 2022). Net income: UK£6.36m (up 44% from 1H 2022). Profit margin: 2.3% (up from 2.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in the United Kingdom. Announcement • Jun 13
Kitwave Group plc to Report First Half, 2023 Results on Jul 04, 2023 Kitwave Group plc announced that they will report first half, 2023 results on Jul 04, 2023 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£3.08, the stock trades at a trailing P/E ratio of 15x. Average forward P/E is 13x in the Consumer Retailing industry in the United Kingdom. Total returns to shareholders of 100% over the past year. Upcoming Dividend • Mar 30
Upcoming dividend of UK£0.068 per share at 3.4% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (4.7%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£2.80, the stock trades at a trailing P/E ratio of 13.7x. Average forward P/E is 14x in the Consumer Retailing industry in the United Kingdom. Total returns to shareholders of 100% over the past year. Recent Insider Transactions • Mar 07
Insider recently sold UK£754k worth of stock On the 1st of March, Michael Young sold around 324k shares on-market at roughly UK£2.33 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£711k more than they bought in the last 12 months. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: UK£0.20 (vs UK£0.024 in FY 2021) Full year 2022 results: EPS: UK£0.20 (up from UK£0.024 in FY 2021). Revenue: UK£503.1m (up 32% from FY 2021). Net income: UK£14.3m (up UK£13.2m from FY 2021). Profit margin: 2.9% (up from 0.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in the United Kingdom. Announcement • Feb 13
Kitwave Group plc to Report Fiscal Year 2022 Results on Feb 28, 2023 Kitwave Group plc announced that they will report fiscal year 2022 results on Feb 28, 2023 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£2.27, the stock trades at a trailing P/E ratio of 17.7x. Average forward P/E is 13x in the Consumer Retailing industry in the United Kingdom. Total returns to shareholders of 78% over the past year. Announcement • Jan 30
Kitwave Group plc Appoints Maria Teresa Octavio Ariznabarreta to the Board as Non-Executive Director, Effective February 1, 2023 Kitwave Group plc announced the appointment of Teresa Octavio to the Board as Non-Executive Director, with effect from 1 February 2023. Teresa has a wealth of advisory and board experience and, throughout her career, has been responsible for improving and developing companies' growth strategy, culture, performance management, governance and organisational effectiveness. Teresa has held a number of executive roles at global businesses, including at Kantar Consulting and consumer-facing multinationals Diageo plc and Procter & Gamble. She has also acted as a board advisor at omnichannel company DAME and as an independent advisor for a number of board and C-suite individuals. Teresa holds a Sloan Masters MSc in Leadership & Strategy from London Business School, Digital Business Transformation certification from Imperial College, and The Financial Times Non-Executive Director Diploma accreditation. Miss. Maria Teresa Octavio Ariznabarreta (aged 54), also known as Maria Teresa Octavio or Teresa Octavio, has no current directorships or former directorships within the past 5 years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. COO, Group Operations Director, Head of Frozen & Chilled Division and Director Ben Maxted was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 06
First half 2022 earnings released First half 2022 results: EPS: UK£0.063. Revenue: UK£223.3m (flat on 1H 2021). Net income: UK£4.43m (up UK£4.43m from 1H 2021). Profit margin: 2.0% (up from null in 1H 2021). Over the next year, revenue is forecast to grow 10%, compared to a 3.7% growth forecast for the industry in the United Kingdom. Price Target Changed • Jul 05
Price target increased to UK£3.45 Up from UK£2.40, the current price target is provided by 1 analyst. New target price is 120% above last closing price of UK£1.57. Stock is down 9.0% over the past year. The company posted earnings per share of UK£0.024 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. COO, Group Operations Director, Head of Frozen & Chilled Division and Director Ben Maxted was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 31
Upcoming dividend of UK£0.045 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 29 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Within top quartile of British dividend payers (4.7%). Higher than average of industry peers (5.4%). Reported Earnings • Mar 01
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: UK£380.7m (down 3.5% from FY 2020). Net income: UK£1.10m (up UK£1.05m from FY 2020). Profit margin: 0.3% (up from 0% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 7.4% growth forecast for the retail industry in the United Kingdom. Announcement • May 25
Kitwave Group plc has completed an IPO in the amount of £81.630006 million. Kitwave Group plc has completed an IPO in the amount of £81.630006 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,420,004
Price\Range: £1.5
Transaction Features: Direct Listing 
