Kingswood Holdings Limited ( (GB:KWG) ) just unveiled an update.
Kingswood Holdings Limited has announced an update on its financial position and is in advanced discussions with HSQ Investments Limited regarding a potential cash offer for the remaining shares of Kingswood not already owned by HSQ. Despite growth in revenues, Kingswood’s performance has been impacted by sector-wide challenges, resulting in increased debt. HSQ has reiterated its support, proposing to provide necessary funding if Kingswood transitions to a private company. The Independent Directors of Kingswood are inclined to recommend the offer, which values the shares at 7 pence each, although there is no certainty that an offer will be made.
More about Kingswood Holdings Limited
Kingswood Holdings Limited operates in the financial services industry, focusing on providing wealth management and investment services. The company has a significant market presence and is supported by HSQ Investments Limited, which holds a majority stake.
YTD Price Performance: -17.07%
Average Trading Volume: 19,851
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £58.33M
Learn more about KWG stock on TipRanks’ Stock Analysis page.
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