Knutsford Express Services Limited (KEX) Announces Expansion Plans

• Knutsford Express Services Limited (KEX) has advised that the Company has successfully raised $150M via a private bond to fund expansion plans locally and overseas including the acquisition of a small bus charter company in Florida.
• KEX traded at a price of $12.50 per share at the close of yesterday’s trading session with gains of over 8.7% over the last month. 
• At its current price, KEX trades at a P/E of 29.76 which is above its Junior Market sector peer average of 22.09x.

(Source: JSE Website, NCBCM Research)