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Kainos – less than two months after “expects to deliver adjusted PBT in line”, now “expects… below current market consensus”. Hopefully my warning was heeded…

By Steve Moore | Thursday 31 October 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.


Last month on digital services, Workday Inc services and Workday products IT provider Kainos Group (KNOS), with the shares around 950p and it stating that for the full-year it still “expects to deliver adjusted PBT in line with current market consensus forecasts”, I concluded it would struggle in relation to forecasts considering they were with stated expected trading improvement despite clear headwinds and, ahead of half-year detail making clearer that second half improvement needed, avoid/sell. The shares most recently closed at 855p and today a “Trading Update”, and what of the shares currently down to below 770p?

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