Keystone Law Group (KEYS)

665.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 694.00
  • 52 Week Low: 399.00
  • Currency: UK Pounds
  • Shares Issued: 31.26m
  • Volume: 90,839
  • Market Cap: £207.91m
  • RiskGrade: 161

Keystone Law FY revenues seen 'slightly ahead' of market expectations

By Iain Gilbert

Date: Wednesday 21 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Challenger law firm Keystone Law Group said on Wednesday that it had continued to trade well through the second half of the trading year, resulting in a "strong performance" for the year as a whole.
Keystone Law said sustained client demand, as well as the impact of new joiners, had generated a "better than anticipated revenue outturn".

As a result, in combination with continuing high interest rates, Keystone now expects to deliver revenue and adjusted pre-tax profits slightly ahead of current market expectations of £84.8m and £10.9m, respectively.

The AIM-listed group added that the trading year ended 31 January had seen a continuation of the recruitment trends reported at the time of its interim results in September 2023, allowing the group to continue capitalising on "favourable market conditions".

Chief executive James Knight said: "I am delighted to report that Keystone delivered a strong trading performance across the year, further leveraging our unique operating model and market position within the legal profession.

"Our ongoing financial and operational momentum has been accelerated by a more fertile recruitment environment following the challenges of the last couple of years, and we look forward to building on this performance in the year ahead."

As of 1130 GMT, Keystone Law shares were 4.98% higher at 566.89p.





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

KEYS Market Data

Currency UK Pounds
Share Price 665.00p
Change Today -5.00p
% Change -0.75 %
52 Week High 694.00
52 Week Low 399.00
Volume 90,839
Shares Issued 31.26m
Market Cap £207.91m
RiskGrade 161

KEYS Star Ratings

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What The Brokers Say

Strong Buy 2
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 6
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KEYS Dividends

  Latest Previous
  Special Interim
Ex-Div 21-Sep-23 21-Sep-23
Paid 13-Oct-23 13-Oct-23
Amount 12.50p 5.80p

Trades for 17-Apr-2024

Time Volume / Share Price
13:25 25,000 @ 655.00p
13:20 34,412 @ 657.00p
16:27 450 @ 665.60p
16:23 143 @ 665.50p
15:31 43 @ 665.50p

KEYS Key Personnel

CEO James David Knight
Finance Director Ashley Rupert Miller

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