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Insight Business Support Plc ( (GB:KLSO) ) has provided an announcement.
Kelso Group Holdings Plc reported its full-year audited results for 2024, highlighting a challenging year due to cautious global equity sentiment. Despite a modest investment loss and flat performance, Kelso raised significant funds and launched Selkirk Group plc, an AIM-listed cash shell, to seek investments in the consumer or technology sectors. The company remains debt-free and committed to its activist strategy, believing in the latent value of its portfolio and aiming to achieve long-term shareholder value. The board’s ownership aligns with shareholders, and they plan to consider share buybacks if shares are undervalued.
More about Insight Business Support Plc
Kelso Group Holdings Plc is an acquisition vehicle focused on identifying and unlocking trapped value in the UK stock market. The company targets underperforming UK-listed small and mid-cap companies, leveraging its activist investor strategy to implement strategic improvements and enhance shareholder value. Kelso aims to capitalize on undervalued opportunities in the market, particularly where the intrinsic value of a company exceeds its market valuation.
YTD Price Performance: -32.73%
Average Trading Volume: 791,266
Technical Sentiment Signal: Buy
See more data about KLSO stock on TipRanks’ Stock Analysis page.