Kelso raises GBP1.9 million to unlock value in UK stock market
16th Jan 2024 13:40
(Alliance News) - Kelso Group Holdings PLC on Tuesday said it has raised GBP1.9 million through a placing of shares. Read More
(Alliance News) - Kelso Group Holdings PLC on Tuesday said it has raised GBP1.9 million through a placing of shares. Read More
(Alliance News) - Kelso Group Holdings PLC on Friday celebrated its performance over its first year of operations, while outlining plans for a further placing of shares raising up to GBP1.9 million. Read More
(Alliance News) - THG PLC investor Kelso Group Holdings PLC on Thursday reiterated its call for a demerger, which the shareholder believes will help close the "disparity" between the e-commerce firm's share price and its true value. Read More
(Alliance News) - London's FTSE 100 made a slow start on Thursday, after equities in Asia struggled following Chinese trade data which failed to soothe growth worries about the world's second-largest economy. Read More
Kelso Group Holdings PLC - invests in undervalued London-listed companies - Matthew Moulding, the founder & chief executive officer of e-commerce platform THG PLC, has taken a 3.2% stake in Kelso, according to a stock exchange filing by Kelso on Thursday. It says Moulding held 10.0 million Kelso shares as of Thursday. No reason is provided for Moulding's investment. Read More
Kelso Group Holdings PLC - invests in undervalued London-listed companies - Buys 2.3 million shares of Angling Direct PLC at 35.1 pence per share, taking a 3.0% stake in the Norfolk, England-based fishing tackle retailer. Angling Direct has 46 stores and an estimated 12% of the UK market, Kelso notes, saying this could grow towards 20%. Kelso also argues that Angling Direct has surplus capital that could be returned to shareholders through share buybacks. The retailer has GBP17.6 million in net cash, Kelso notes, equal to about 60% of its equity market capitalisation. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and Friday and not separately reported by Alliance News: Read More
(Alliance News) - Kelso Group Holdings PLC on Tuesday announced its third investment, having purchased 1.0 million shares in cybersecurity company NCC Group PLC. Read More
(Alliance News) - Kelso Group Holdings PLC on Thursday said it voted against a resolution as a shareholder of TheWorks.co.uk PLC at the latter's annual general meeting on Wednesday, which related to a proposal of TheWorks paying a final dividend. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Kelso Group Holdings PLC on Monday said it had purchased a 3.2% stake in TheWorks.co.uk PLC for around GBP626,000 in its second investment. Read More
Kelso Group Holdings PLC - London-headquartered investment company - Updates its shareholders on its investment in THG PLC, following the publication of THG's half-year results on Thursday. Says that while it was "generally pleased" with the operational and financial performance of THG, the lack of strategic update was disappointing. Notes there is no mention of plans for the medium-term structure of the business or regarding its move to the Premium Segment of the London Stock Exchange, adding: "These matters are important to shareholders; we think that today's material share price fall is due to the lack of clarity on these plans." Read More
Kelso Group Holdings PLC - London-headquartered investment company - Says in the first six months of 2023, it has raised more than GBP6.0 million in two tranches, placed at 2.0 pence and 2.5p. Says half of funds have been used to purchase shares in the Manchester-based e-commerce platform THG PLC. Kelso holds 8 million shares in THG. These were bought at an average price of about 61p. This means they cost Keslo about GBP5 million and have a current market value of just under GBP8 million, giving a gain of 62%. Kelso says it will release interim results by the end of September. Read More
(Alliance News) - THG PLC on Wednesday backed annual guidance, with progress on all fronts, while Chief Executive Matthew Moulding surrendered his golden share. Read More
(Alliance News) - Kelso Group Holdings PLC on Friday said it continued to believe in the "strong underlying value" of e-commerce platform THG PLC, as the latter terminated takeover talks with Apollo Global Management Inc. Read More
(Alliance News) - Kelso Group Holdings PLC on Thursday said its pretax loss widened last year with no revenue, but said it had successfully raised GBP3.0 million from a share placing announced in March. Read More
(Alliance News) - Kelso Group Holdings PLC on Friday said it has acquired further shares in THG PLC via a contract for difference, bringing its total interest to 8.0 million shares. Read More
(Alliance News) - Kelso Group Holdings PLC shares surged on Monday after its investee company THG PLC it said it has received a buyout proposal from Apollo Global Management Inc. Read More
(Alliance News) - Kelso Group Holdings PLC on Thursday said it has increased its stake in THG PLC and urged the company to take steps improve its market value. Read More