Regional legal firm consolidator Knights (LON: KGH) reassured investors that there has been no further deterioration in trading since a profit warning in March. The chief executive invested £1m and other directors have also bought shares following the statement.
That has helped the share price recover by nearly one-third to 125p, although it is still well below the level it was before the disappointing trading statement. That is less than eight times forecast earnings and the prospective yield is 2.7%.
In the year to April 2022, underlying pre-tax profit should be at least £18.1 million...
