23 Mar 2022
Knights Group Holdings - Challenging Times – Stay Neutral
While we would argue there were some underlying signs of challenges at Knights (H1 growth underwhelmed, management selling shares, channel checks with other industry players), the 50% fall in the share price points to a sharp shock to the market. The reaction suggests a significant confidence hit in the ability to continue to execute the Knights model and how deep-rooted any Knights-specific issues might be. We expect this could take time to reverse.
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Knights Group Holdings - Challenging Times – Stay Neutral
Knights Group Holdings Plc (KGH:LON) | 123 4.9 3.3% | Mkt Cap: 105.8m
- Published:
23 Mar 2022 -
Author:
Andrew Simms -
Pages:
5
While we would argue there were some underlying signs of challenges at Knights (H1 growth underwhelmed, management selling shares, channel checks with other industry players), the 50% fall in the share price points to a sharp shock to the market. The reaction suggests a significant confidence hit in the ability to continue to execute the Knights model and how deep-rooted any Knights-specific issues might be. We expect this could take time to reverse.