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Kitwave – “continues to trade in line with current market expectations for the full year”. Er, does it though?…

By Steve Moore | Thursday 2 May 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Wholesale delivery group Kitwave (KITW) commences a trading update with that it “is pleased to report that the group continues to trade in line with current market expectations for the full year ending 31 October 2024. This performance will reflect both continued organic growth and the benefit from acquisitions made over the past 18 months”. Good news then, so why a current more than 5% lower share price to 385p?
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