Keystone Law Group (KEYS)

640.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 670.00
  • 52 Week Low: 399.00
  • Currency: UK Pounds
  • Shares Issued: 31.26m
  • Volume: 1,102,772
  • Market Cap: £200.09m
  • RiskGrade: 161

Sunday share tips: GB Group, Keystone Law

By Alexander Bueso

Date: Sunday 24 Sep 2023

LONDON (ShareCast) - (Sharecast News) - The Sunday Times's Lucy Tobin recommended shares of fraud prevention software manufacturer GB Group to readers.
She conceded that the share price had been hammered over the part year, as the wave of interest in cryptocurrency and online retailing during the pandemic ebbed.

Rising interest rates and weakness in the pound had also taken their toll, Tobin added.

But the increasing prevalence of sophisticated fraud meant that the company was in a sweet spot, she argued.

That was also the view of analysts at Jefferies, who said that slower growth at GB was more cyclical than structural, the tipster noted.

The shares were also trading on just 13 times the company's earnings, against bigger rival Experian's 23 times.

Furthermore, according to analysts at Liberum, there also remained the possibility of a takeover by either private equity or a software giant.

The Financial Mail on Sunday's Midas column sounded a positive note on shares of Keystone Law, pointing to the outlook for the business's growth and dividend policy as the key reasons for its optimism.

"Law firms can be tough places to work but Keystone offers lawyers a chance simply to do their job and ensure customers are happy," Midas said.

"The business has grown rapidly over the years and should continue to do so."

The shares' decline since early 2022 had run to far and should bounce back, Midas added.

Keystone boss James Knights's recipe was to let lawyers act as semi-independent consultants, furnishing financial, IT and compliance support.

In turn, lawyers had more flexibility to give clients engaging and effective service.

Heightened demand and competition for new lawyers fed concerns among some brokers regarding the business's growth potential.

Yet the latest interim results saw double-digit growth in turnover, soaring profits and more lawyers on the firm's book.

"Business is brisk and expected to remain so, even if economic conditions remain subdued."



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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 640.00p
Change Today -10.00p
% Change -1.54 %
52 Week High 670.00
52 Week Low 399.00
Volume 1,102,772
Shares Issued 31.26m
Market Cap £200.09m
RiskGrade 161

KEYS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

KEYS Dividends

  Latest Previous
  Final Special
Ex-Div 13-Jun-24 21-Sep-23
Paid 21-Jun-24 13-Oct-23
Amount 12.50p 12.50p

Trades for 26-Apr-2024

Time Volume / Share Price
15:14 520,000 @ 650.00p
16:28 275 @ 649.40p
16:19 220 @ 649.40p
15:40 3,460 @ 650.00p
15:17 2,000 @ 649.00p

KEYS Key Personnel

CEO James David Knight
Finance Director Ashley Rupert Miller

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