KPG 0.60% $8.35 kelly partners group holdings limited

Ann: KPG Jul-23 Monthly Dividend, page-2

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  1. 124 Posts.
    lightbulb Created with Sketch. 57
    I never understood this company - KPG is ok for what it is but no more than that, but at these prices the numbers look so unimpressive.

    Valuation wise, P/E ~50 for minuscule organic growth - just 1-2% in last few years ffs.
    The sales pitch is 20% growth/partnerships for no dilution - but the reality is acqua growth of partial biz that is funded by debt (no genius required).
    Run the PEG ratio on either of these.

    Quality wise, ROIC just low-teens.

    Safety wise, negative NCA and NTA, and crucially debt now at dangerous levels (RP debt added this year).
    Dividends now about to be cut tells another tale.

    CEO big pay rise for this debt fuelled binge "growth".
    Now selling shares whilst he can at these levels.

    What exactly are people expecting from an accounting firm?
    Nothing wrong with arbitraging the private v public markets but keep it real on the sales pitch.
    The Buffett marketing spin is just nauseating.

    IMO either valuation gets it or the bankers do.
    GLTA.

 
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Last
$8.35
Change
-0.050(0.60%)
Mkt cap ! $375.3M
Open High Low Value Volume
$8.35 $8.47 $8.20 $117.0K 13.98K

Buyers (Bids)

No. Vol. Price($)
1 8 $8.35
 

Sellers (Offers)

Price($) Vol. No.
$8.43 10000 1
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Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
KPG (ASX) Chart
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