This is why the Kainos Group and Treatt share prices are rocketing!

first_imgThis is why the Kainos Group and Treatt share prices are rocketing! Our 6 ‘Best Buys Now’ Shares Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Kainos and Treatt. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. See all posts by Royston Wild UK share prices continue to struggle for traction in end-of-week trading. The FTSE 100 for instance has fallen back to 6,700 points as concerns over the Covid-19 crisis linger. The FTSE 250 was also down more than a percent on fears over the fragile economic recovery.However, the Kainos Group (LSE: KNOS) share price isn’t suffering from this broader risk aversion. This FTSE 250 stock has surged around 20% in Friday business following a positive reception to latest trading numbers. At £13.40 per share, this UK share is within a whisker of hitting new record highs.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Kainos is on the march!In those fresh financials, Kainos Group said “continued momentum in our business has driven a strong trading performance” in the period from 16 November to today. And, as a consequence, the IT services giant declared that results for the full year to March 2021 would surpass current market expectations.At its Digital Services division, Kainos said: “We continue to work on several substantial, long-term engagements as part of the UK Government’s digital transformation programme.” This includes working with the NHS in combating the Covid-19 crisis, it added.At its Workday Practice unit, the UK share noted that “we continue to win new consulting contracts across all our operating regions.” This is thanks to its “scale, quality and global reach,” Kainos said.The company added that its Smart specialist automated testing platform has continued to drive client acquisitions. The platform helps more than 200 customers worldwide and has a particularly large North American client base.To round off a terrific release, Kainos added: “Our robust pipeline, strong balance sheet and significant contracted backlog underpins our confidence in our outlook.”Another soaring UK shareKainos isn’t the only UK share to go gangbusters on Friday business however. Food and fragrance ingredients maker Treatt (LSE: TET) has also risen strongly after releasing brilliant trading details of its own. At 854p per share, the small-cap was last up 11% from Thursday’s close. This also represents new record peaks.Treatt said it has enjoyed “strong operating performance across multiple categories and customers” in the period since 30 September. It’s also enjoyed “new organic revenue growth and enhanced margins from improving product mix.”As a result, Treatt said profits for the four months of the current financial year (to September) would beat the board’s prior expectations. But the UK share wasn’t done there. It added that it’s “cautiously optimistic that current strong momentum will result in profit before tax and exceptional items for [financial 2021] materially exceeding the current market consensus of £15.1m.” This is despite the problem of Covid-19 headwinds and the risks created by movements on currency and commodities markets.Treatt also noted it’s performing particularly well in its citrus, health & wellness, fruit & vegetables and tea categories. And it said the fast-growing alcoholic seltzer category had created some material new business wins. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Simply click below to discover how you can take advantage of this. Royston Wild | Friday, 22nd January, 2021 | More on: KNOS TET I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images FREE REPORT: Why this £5 stock could be set to surge Get the full details on this £5 stock now – while your report is free.last_img

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