Kinovo PLC Announces Final Cash Acquisition by Sureserve

The latest announcement is out from Kinovo PLC ( (GB:KINO) ).

Kinovo PLC has announced a recommended final cash acquisition by Sureserve Compliance Holdings Limited, a subsidiary of Sureserve Group Limited. The acquisition will be executed through a court-sanctioned scheme of arrangement under the Companies Act 2006. The Kinovo board considers the offer fair and reasonable, urging shareholders to vote in favor of the scheme, which is expected to become effective on July 1, 2025. This acquisition is anticipated to impact Kinovo’s market operations, including the cancellation of its shares from AIM trading.

The most recent analyst rating on (GB:KINO) stock is a Buy with a £95.00 price target. To see the full list of analyst forecasts on Kinovo PLC stock, see the GB:KINO Stock Forecast page.

Spark’s Take on GB:KINO Stock

According to Spark, TipRanks’ AI Analyst, GB:KINO is a Neutral.

Kinovo PLC’s overall score is primarily affected by financial challenges, including negative equity and cash flow pressures, which are significant risks. The technical analysis indicates a bearish trend, further weighing on the score. On the positive side, the stock’s low P/E ratio suggests potential undervaluation, providing a counterbalance to financial and technical weaknesses.

To see Spark’s full report on GB:KINO stock, click here.

More about Kinovo PLC

Average Trading Volume: 171,730

Technical Sentiment Signal: Buy

Current Market Cap: £53.86M

See more data about KINO stock on TipRanks’ Stock Analysis page.