Keywords Studios Share Discussion Threads

[patrick9092] 23/9/2013 11:59

I am NOT entirely convinced that this is a full blown profit warning...There are some concerns that revenue & profits may be prone to " turbulence" but having read the TU several times I am convinced that this is more likely MM looking for cheap stock....Strong II onboard and the last part of the TU states the company is very bullish for the year ahead...

Andrew Day, Chief Executive of Keywords Studios, commented:

"Notwithstanding the hiatus caused by the timing of the simultaneous launch of two new consoles in an unprecedented launch cycle, we have made considerable progress in strengthening our market share and in the development of our Seattle business from a standing start to employing 60 people. While it has proven difficult to predict the exact timetable of forthcoming launches, 2014 is expected to be a year of significant activity for the games industry leaving us well placed for substantial growth in the year ahead."

[stegrego] 20/9/2013 12:36

Entry point nearer 80p would be a reasonable start.

[harrywilliam] 20/9/2013 11:07

Yeah I just lost a grand in two days.

[jakedog2] 20/9/2013 10:57

Out also, took 18%hit after purchasing last week.
1st statement and a 'miss'.... Lays the seed for other bad news etc.... Does not fill me with confidence for the future, even though the business is interesting

Is not for me but GLA...

[nhp84] 20/9/2013 09:52

Was researching KWS only yesterday but seemed expensive. Wanted to know when the next trading update was coming out but couldn't find the date so glad I waited.

Does anyone think that this might be a good entry point considering medium-long term this sector could be high growth/opportunity?

[jacobeano] 20/9/2013 08:33

I'm out ... absolutely 1st statement & its bad news ... not impressed ... taking the hit & moving on ... money to be made elsewhere

[rivaldo] 20/9/2013 08:27

Wexboy's analysis above was spot on. KWS always struck me as extremely overvalued, although given its sector it was always possible it would attract a premium rating if it was successful.

The shares are likely to drift for some time now imo. KWS's PBT last year was £2.74m, so PAT may be say £2.2m.

At the current £45m m/cap (after the drop) that's a P/E of 21 or so. Much too rich for me.

As an aside, any company which has to warn on its maiden post-IPO results is going to have a very bad name in the City for a while.

Good luck to holders, especially those who followed Robbie Burns in only days ago - very unlucky timing.

[pas100] 20/9/2013 08:18

Today is time to get in - Great buying opportunity - just become a slightly longer term play following trading statement

[simon gordon] 20/9/2013 08:05

IPO strike prices was 123p. Rating must be 20x plus.

[wexboy] 13/9/2013 00:06

I take a closer look at Keywords Studios, plus 2 other recent Irish IPOs:

hxxp://wexboy.wordpress.com/2013/09/11/the-great-irish-share-valuation-project-some-new-arrivals/

[mirabeau] 11/8/2013 10:22

True though Paul Mumford feels quite positive about KWS. Not sure if that's a gold plated recommendatio

[nurdin] 10/8/2013 09:48

Quite a rich rating though...not sure how much mileage is left here short term.

[mirabeau] 10/8/2013 08:43

Very interesting company indeed

[jacobeano] 10/8/2013 08:29

Just checked the Major Shareholders here ... very impressive indeed!



... but DYOR

[jacobeano] 10/8/2013 08:15

Established & already internationalized within a growth market place. Recently IPO'd with strong & ambitious management team + lots of additional opportunity upstream & downstream. Some II already on-board so made an initial investment here myself as well.

[stegrego] 04/8/2013 13:15

I've no idea of forecasts, but a profit of 2.2 million pounds would give eps of around 6p.

[stegrego] 02/8/2013 12:57

This announcement follows a successful conditional Placing, at a placing price of 123p, which raised estimated gross proceeds of £28m, including £10m receivable by the Company. The market capitalisation of the business upon admission will be £49.2m.

Keywords is an international technical services provider to the global video games industry. Established in 1998, and now with facilities in Dublin, Tokyo, Rome, Montreal and Seattle, it provides integrated localisation, testing and audio services across 30 languages and 12 games platforms to a blue chip client base in more than 15 countries.