Kinovo PLC is a unique opportunity to gain exposure to the UK facility services sector through a company with over 60% of its revenues based in regulatory-driven segments and the remaining 40% in non-discretionary segments. The quality of a highly experienced management team and a highly predictable sector with strong tailwinds is the perfect combination to deliver extraordinary long- term returns. We see great growth potential assuming a medium-low level of risk that the market is overestimating.