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Insight Business Support Plc ( (GB:KLSO) ) has issued an announcement.
Kelso Group Holdings has disclosed a new strategic investment in Saga plc, acquiring 400,000 shares in the over-50s specialist travel and insurance group, as it seeks to capitalise on what it sees as a mispriced UK mid-cap opportunity. Kelso argues that Saga’s shift back to a predominantly travel-focused, asset-backed cruise business, its accelerating deleveraging, the sale of its capital-intensive underwriting arm, and strengthening management under Sir Roger De Haan have materially improved the group’s fundamentals, yet the shares still trade at a discount to cruise-sector peers and to the value of its cruise ship assets. The investor believes further debt reduction and profit growth could unlock a rerating, potentially aiding Saga’s return to the FTSE 250 and attracting index and US investor interest, and has already engaged Saga’s board with proposals aimed at accelerating deleveraging and broadening the shareholder base.
The most recent analyst rating on (GB:KLSO) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Insight Business Support Plc stock, see the GB:KLSO Stock Forecast page.
Spark’s Take on GB:KLSO Stock
According to Spark, TipRanks’ AI Analyst, GB:KLSO is a Neutral.
The score is weighed down primarily by the sharp deterioration in financial performance and cash generation in 2024 versus 2023, despite a relatively solid balance sheet. Technical indicators are broadly neutral with slightly weak short-term momentum, and valuation cannot be assessed due to missing P/E and dividend yield data.
To see Spark’s full report on GB:KLSO stock, click here.
More about Insight Business Support Plc
Kelso Group Holdings Plc is a London-listed investment vehicle founded in 2022 that targets undervalued UK small- and mid-cap companies, typically building a concentrated portfolio of fewer than ten core holdings. Backed by more than 65 individual investors and some institutions, with the board collectively owning close to 20% of the company, Kelso leverages extensive experience in fund management, corporate broking, M&A, private equity and law to engage actively with investee companies on strategy and investor relations to unlock trapped value. Its current principal holdings include Saga plc, NCC Group plc, THG plc, Angling Direct plc, The Works.co.uk Plc and Selkirk plc, with further investments expected in 2026.
Average Trading Volume: 338,269
Technical Sentiment Signal: Hold
Current Market Cap: £13.27M
For an in-depth examination of KLSO stock, go to TipRanks’ Overview page.