Kelso Group Holdings

KLSO · Main Market · Retail · mcap £19m · 3.5p 1 open situation →

Kelso Group Holdings invests in UK-listed small companies it thinks the market undervalues and engages with their boards to unlock value. It also aims to earn fees from investor relations consulting and from its Selkirk acquisition vehicle.

Target	Promise	Said	Status
2024
2024	Earn revenue from investor relations consulting during 2024.	12 Jan 2024	✗ Missed · target changed
	“During 2024, the Kelso team expects to expand its business by earning revenue from investor relations consulting” How it developed 12 Jan 2024 Said “During 2024, the Kelso team expects to expand its business by earning revenue from investor relations consulting” 20 Oct 2026 ↻ Changed / dropped Result Not mentioned in the 4 results reports since the deadline (2024) – treated as dropped. 30 Sep 2024 · Half-year Results
2024-07	Provide a more detailed market update in July 2024.	30 May 2024	✗ Missed
	“will provide a more detailed market update in July 2024, following our June interim period end” How it developed 30 May 2024 Said “will provide a more detailed market update in July 2024, following our June interim period end” 30 Sep 2024 ✗ Missed “In early 2025, we will hold a shareholder presentation in London to fully update our shareholders on strategy and performance.” Result No July 2024 update appears; the next results were the H1-24 results on 30 September 2024. “In early 2025, we will hold a shareholder presentation in London to fully update our shareholders on strategy and performance.”30 Sep 2024 · Half-year Results
2025
H2 2025	Explore limited gearing of up to 20% of net assets in H2-25.	30 Sep 2025	✗ Missed · target changed
	“in H2-25, will explore limited gearing of up to a maximum of 20% of net assets on drawdown” How it developed 30 Sep 2025 Said “in H2-25, will explore limited gearing of up to a maximum of 20% of net assets on drawdown” 30 Apr 2026 ↻ Changed / dropped “Gross investments stand at approximately c.£15.5m (excluding other assets) with gearing of c.£4.5m. Leverage is around 25%, supported by 5 of our 8 stocks...” Result April 2026 leverage was about 25% of net assets, above the 20% maximum. “Gross investments stand at approximately c.£15.5m (excluding other assets) with gearing of c.£4.5m. Leverage is around 25%, supported by 5 of our 8 stocks having net cash on their balance sheets.”30 Apr 2026 · FY25 Results