KPG 0.60% $8.35 kelly partners group holdings limited

This is the first time I have seen the KPG metrics get a bit...

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  1. 3,054 Posts.
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    This is the first time I have seen the KPG metrics get a bit messy.
    The difference between NPAT and NPATA is $900k for "Amortisation of customer relationship intangibles".
    For a roll-up company, it would be hard to for an investor to see this as a one-off expense. Just part of the acquisition business model.
    So a declining NPAT is a bit sobering.

    KPG have then done the EPS calculation based on underlying NPATA, rather than statutory NPAT. Winging it a bit I think.

    We could see the share price come under pressure in coming months..... as in the short term the PE looks rather high.

    However, with revenue climbing nicely, the company is still hitting its growth targets and hopefully next years bottom line will be a lot stronger.

    Cheers
    Gosouth


 
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$8.35
Change
-0.050(0.60%)
Mkt cap ! $375.3M
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$8.35 $8.47 $8.20 $117.0K 13.98K

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No. Vol. Price($)
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$8.43 10000 1
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